What’s happening in the Charlotte real estate market this week?
With an improvement in the job numbers on Friday, we’re getting a sense that the economy is taking a turn for the better! The Maxwell House Group has had an incredibly busy week with new listings and buyers making the decision that it’s finally time to move on that dream home!
If you’re currently listed, keep that property on the market–the buyers who are out this month are serious buyers and the supply has been greatly reduced year-over-year–a good sign for sellers. 224 new single family homes were listed this week in Charlotte (city only). Closed single family homes this week was up 40 over last week (from 128 to 168), average days on the market continues to average 100 – 120, and 193 single family homes went into Escrow this week.
77 new condo listings came on the market this week in Charlotte (city only). 52 condos (up from 40 last week) Closed this week in Charlotte. Days on the market are generally over 120 for sold condo listings, this week being an average of 132. 61 condos went into Escrow this week, down 5 from last week.
If you’re thinking of buying, now is the time to give us a call. How ’bout that home for the holidays?!
SINGLE FAMILY HOMES
CLOSED SALES DATA: 168 single family homes in the Charlotte proper market were Closed this week:
List Price: $203,032
Sales Price: $194,192
Avg. List to Sales Price Ratio: 96%
Avg. Heated Square Feet: 2,111
Price Per SF: $91.99
Average Days on the Market: 109
PENDING DATA: 193 single family homes in the Charlotte proper went into Escrow this week:
List price: $214,132
Avg. BR/BA: 3/2
107 Average days on the market
(*Above data includes Charlotte city only.) Contact us for more specific community sales and market statistics.
CHARLOTTE CITY CONDO MARKET DATA:
CLOSED SALES DATA: 52 total properties Closed this week
List Price: $146,607
Sales Price: $140,829
Avg. List to Sales Price Ratio: 96%
Avg. Heated Square Feet: 1,383
Price Per SF: $101.83
Average Days on the Market: 132
PENDING DATA: 61 total properties went into Escrow
List price: $147,687
Avg. BR/BA: 2/2
123 Average days on the market