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Zip Code 28203 Market Report JUN 2021

06/06/2021 by Debe Leave a Comment

Zip Code 28203 Market Report JUN 2021 including Dilworth, Wilmore, South End & Sedgefield

Included in one of North Carolina’s hottest zip codes (28203), the Dilworth, Wilmore, Sedgefield, South End neighborhoods remain hot with very little inventory. All price ranges are entertaining multiple Offers if homes are staged well and marketed properly.

Wilmore & Sedgefield continue to be the up-and-coming west side 28203 neighborhoods with lots of new construction and renovation taking place on nearly every street. The location of the 28203 zip code simply can’t be beaten!

Zip Code 28203 Market Snapshot

Click the interactive chart below to track the historical data – average sales prices in ZIP CODE 28203.

The largest community within zip code 28203 is Dilworth. Learn more about the Dilworth neighborhood.

Here is the quick stat sheet for the 141 single family sales in 28203 during the past 365 days.

Data provided by CMLS; deemed reliable but, not guaranteed.

For other neighborhood market reports, contact your 28203 area specialist at (704) 491-3310 or email SavvyBroker@me.com

Search homes for sale in Dilworth by map

Condos & single family homes for sale in Dilworth

Homes for sale in Sedgefield

Homes for sale in Wilmore

Condos for sale in South End

Thinking of buying or selling a home in zip code 28203, give the area specialists a call at (704) 491-3310.

It’s National Homeownership Month – Here are 10 Reasons to Celebrate

06/01/2021 by Debe Leave a Comment

It’s National Homeownership Month – Here are 10 Really Good Reasons to Celebrate

National Homeownership Month began as a week-long celebration of homeownership in 1995. In 2002, President George W. Bush proclaimed June as National Homeownership Month saying,

“Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important financial investment, and it can be a source of great personal pride and an important part of community stability.”

During an interview back in the 1980’s, I was motivated by Warren Buffet’s words, “Never pay another man’s mortgage.” I was so inspired by his words, I bought my first house and never looked back. In fact, when I started doing online marketing, one of my first domain names I chose was LoseYourCharlotteLandlord.com – homeownership is so very important to our futures.

Our homes are so much more than just the houses we live in. In 2020, our homes also become our workplaces, space for homeschooling our children and safe havens in which we’ve weathered the toughest moments during a global pandemic. The census bureau revealed this year (2021), that 65.6% of Americans now call their homes their own, a rate that has risen to its highest point in 8 years.

As National Homeownership Month kicks off this month, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row, yet another of Warren Buffet’s bits of wisdom I heard in the interview I heard back in the 80’s. Americans also voted real estate as the preferred long-term investment in unprecedented numbers.

Unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home.

Non-Financial Benefits:

1. Be a Better Citizen: Select a home in a neighborhood where others share your values. Owning a home is essentially owning a part of your neighborhood. Homeowners have a stronger connection to their neighborhoods and are more committed to doing volunteer work and are more involved.

2. Pride of Ownership: Owning a home is having a space that is uniquely yours. You can customize it to your personal liking and make it reflect your personality and values.

3. A Safe Space: Owning a home gives you a sense of security and privacy – two things that have become even more valuable as we’ve tackled the challenges of the recent health crisis.

4. A larger living space: Face it, we’ve been cooped up for over a year now – spread your wings!

5. Provide your children a different education: Are your children stronger in a particular subject or have a talent that you would like to see them build upon? Own a home in the school zone that is perfect for YOUR child.

Financial Benefits:

1. Forced Savings: Owning a home builds equity. Your equity grows with each payment you make toward your mortgage. This form of forced savings can be used down the road to help you accomplish your biggest financial goals, including retirement, building family wealth and avoiding paying someone else’s mortgage.

2. Tax Benefits: While I am no CPA, I do know that I, personally, see tax benefits from the properties that I own. Reach out to your CPA to confirm your tax benefits with homeownership.

3. Appreciation: Owning a home is making an investment that steadily gains value, and experts project home values will continue to rise in the years to come.

4. Stability: Owning a home means having better control over your future housing payments. Over the years, a mortgage stays relatively steady, but rent costs continue to rise.

If you own your home, take time this month to celebrate the ways homeownership has added value to your life. If you hope to become a homeowner this year, let’s connect today to take the first steps toward achieving your goal. Call or text me at (704) 491-3310 today!

Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

06/01/2021 by Debe 1 Comment

Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

Americans have chosen real estate as the best investment for 8 years running. There’s a reason for that – home equity has risen exponentially with the incredibly low inventory levels. This is even more evidence for sellers to take the plunge and sell during this low supply market. It’s never, in the history of selling real estate, been a better time to sell!

For buyers, even with the rising prices, why NOT begin building equity while the market is hot? I recently did a neighborhood sales increase for one in my market and the owners saw a 14% increase in valuation in SIX MONTHS. While there are other neighborhoods that are showing even stronger gains, I challenge you to find any other investment that can top that return!

For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans.
According to Gallup, real estate has been gaining ground against stocks, gold and savings accounts over the last 11 years and now stands at its highest rating in survey history.
Let’s connect if you’re ready to make real estate your top priority this year, whether buying or selling. Call or text me at (704) 491-3310 today!

THE Most Asked Question in May, 2021 – Should I Buy NOW or Wait?

05/13/2021 by Debe Leave a Comment

THE Most Asked Question in May, 2021 – Should I Buy NOW or Wait?

Quite frankly, we’ve been being asked this question for well over 2 years. If you consider only the last year of appreciation that the Charlotte Metro area homeowners gained, an 11.6% increase – yes, in ONLY one year – that will tell the story about our hotter-than-hot market! To show you what that looks like in dollars – if you paid $500,000 for your home one year ago today, your home would now be worth $558,000. Note that this is our entire MLS – some areas have realized less appreciation and others, more.

If you’re thinking that waiting a year or two to purchase a home will mean you’ll save some money, think again. With the market as hot as it is, home buyers will still realize appreciation, even after paying what seems to be a very high price.

There simply is no slowing down until we reach a balanced market and that’s going to take some time. A balanced market is a 6-month supply of homes; right now, we have a ½ month supply. So, all of that time, a new house will be appreciating each and every month!

Sure, it may be a hard pill to swallow right now but, you’ll be glad you bought now in the not-so-distant future! Experts project both home prices and mortgage rates will continue to rise, which means this is the best time to secure a more affordable home.

Buying now is a smart move in the NC housing market

Let’s talk! Message, phone, or email me if you have questions about the best way to achieve your homebuying goals.

Read: It’s an Unprecedented Sellers Market

#BuyingAHomeInCharlotte #HomeAffordability #Opportunity #CharlotteHousingMarket #HouseHunting #MakeMeMove #HomeGoals #HouseShopping #HouseGoals #LocationLocationLocation

Does the Ability to Pay Cash for a Home Purchase Matter During this Strong Sellers Market?

05/13/2021 by Debe Leave a Comment

Does the Ability to Pay Cash for a Home Purchase Matter During this Strong Sellers Market?

Of course it does! It matters a LOT! We used to proclaim that ‘Cash is KING’ and sellers were all over the cash Offers – even lower than list prices were coveted. Sellers knew that buyers obtaining a mortgage could easily have an issue during the lending process – small or complicated – and the deal was toast. Sellers had to start all over again and then struggled to get anywhere near their list price again. So, cash WAS king!

The market slowly began to stabilize and mortgage requirements were stricter and pre-approval letters were strong. Buyers submitting Offers with a mortgage option were on a more level playing ground than cash buyers. Then, cash buyers offering sub-list prices were no longer overly appealing; sellers knew buyers with mortgages were also going to get to Closing – and often they offered the higher prices!

Cash buyers realized they needed to compete and now, we’ve come full circle with the king of the buyers being cash – and lots of it! They are competing with the best of the buyers obtaining mortgages, waiving appraisals.

How much does the ability to pay cash for a home purchase matter in 2021? Homebuyers who make all-cash Offers improve their chances of winning a bidding war a whopping 290%. Our market is so competitive that any sub-list (or ‘lowball’) Offers in a multiple-offer situation will almost certainly fall to the bottom of the stack of Offers! Most cash buyers now know that they have to come in strong – and most savvy cash buyers DO!

As long as inventory is this low, cash will be king. So, let’s talk with your lender

If buying a home is in your plans this spring, it’s time to start the process. Get a jump on the homes hitting the spring market in Charlotte and then give me a call – (704) 491-3310.

The Housing Bubble Discussion Again? 🏘

04/24/2021 by Debe Leave a Comment

The Housing Bubble Discussion Again? 🏘

I can’t tell you how often I am asked when I ‘think this bubble is going to burst.’ The ‘mockingbird media’ tends to believe that we are in the midst of a major bubble and that we are soon to be in a world of hurt! This is not about a ‘bubble,’ this is about simple economics, supply & demand.

When asked if today’s high buyer competition and rising home prices are evidence of a housing bubble, Lawrence Yun, Chief Economist at NAR, said “thisis not a bubble. It is simply lack of supply.” Today’s housing market is healthy and rising prices are driven by real buyer demand.

We currently have a record-low number of homes available to buyers. It is impossible to go from a ½ month supply (which we currently have here in the Charlotte Metro) to a 6-month supply (which is a neutral market – good for both buyers AND sellers) in 1-2 years. Our inventory will continue to be low for a considerable amount of time.

The total number of active listings (nationally) this month is down a record 54% from the same week a year ago, according to Realtor.com. In turn, that painfully low inventory has driven national housing prices up 17.2% over last year.
Almost half of homes now sell within one week of being listed. That is broadly across all price ranges as well.

For homebuyers, this can be disheartening; for sellers, celebratory. Hiring a real estate agent who can coach buyers to win at bidding wars is critical in today’s market. Speaking with a seller who just sold their home recently, they could have EASILY walked away with another $25K for the sale of their home. Hiring the right Realtor® is critical to your home selling super success!

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.
When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.”
Today’s housing market is healthy and rising prices are driven by real buyer demand.

Let’s connect to talk about the best ways to navigate today’s energetic housing market. Call or text me at (704) 491-3310 or email me at SavvyBroker@me.com.

#NOhousingbubble #TheMaxwellHouseGroup #CharlotteHousingMarket #housinginventory #buyerdemand #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #realestategoals #realestatetipsoftheday #realestatetipsandadvice

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Zip Code 28203 Market Report JUN 2021

Zip Code 28203 Market Snapshot

The largest community within zip code 28203 is Dilworth. Learn more about the Dilworth neighborhood.

The largest community within zip code 28203 is Dilworth. Learn more about the Dilworth neighborhood.

Here is the quick stat sheet for the 141 single family sales in 28203 during the past 365 days.

Search homes for sale in Dilworth by map

Condos & single family homes for sale in Dilworth

Homes for sale in Sedgefield

Homes for sale in Wilmore

Condos for sale in South End

Thinking of buying or selling a home in zip code 28203, give the area specialists a call at (704) 491-3310.

It’s National Homeownership Month – Here are 10 Reasons to Celebrate

Americans Choose Real Estate as the Best Investment [INFOGRAPHIC]

THE Most Asked Question in May, 2021 – Should I Buy NOW or Wait?

Does the Ability to Pay Cash for a Home Purchase Matter During this Strong Sellers Market?

The Housing Bubble Discussion Again? 🏘

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