Charlotte NC Real Estate Update + eNews for 2/23/2014

How is the Charlotte NC real estate market faring? Here are the Charlotte real estate stats for the week…

The Charlotte NC real estate market continues to be reflective of a strong recovery process! With atypical winter season warm weather, buyers were out in droves last week! Prices continue to rise as do our bidding wars! Our inventory remains quite low as we move into the spring selling season.

BEST READ THIS WEEK: Choosing the Right Charlotte Realtor® for You!

The following are the totals for the Charlotte real estate market…

Pending home sale in Charlotte (Charlotte Proper only), have increased by 13.3%. There are 324 homes that were entered into Escrow during the past 7 days. Average price per square foot has gone up 13.7% to $107. Charlotte average sales prices rose a whopping 10.8% to $235,295.

There is currently a 3.8 month supply of homes (condos, townhomes, single family homes and lots) are currently for sale in the Charlotte (city) market, down 36.8% from last year. Charlotte proper had 178 Closed home sales last week, up 25% year-over-year.

There are currently only 3,836 properties for sale (active) in the city of Charlotte! 398 new single family, condo/townhomes and lots were listed during the past 7 days.

**Market data provided by CMLS is deemed reliable but, not guaranteed.

Congratulations to all of our Savvy buyers and sellers who have Closed their homes in February! We hope that you are enjoying your destination city or your new home in Charlotte…and will for many years to come.

With a 3.8 month supply of homes for sale within Charlotte, the Charlotte real estate market is currently in a seller’s market. Charlotte home buyers, instead of watching home prices as they gradually rise… Now IS the perfect time to buy a Charlotte home–before interest rates continue to increase and home prices further increase as well. Don’t wait for that spring inventory – that’s what many buyers are doing!

Savvy Charlotte home sellers, if you’re thinking of selling your Charlotte home in the spring, let’s get it READY for the market, price it right, and get it listed –TODAY! Yes, spring is upon us and it is the typical time to list your home but, who says the winter months aren’t the time to list your home?! Why wait for the flood of homes coming on the market in the next 6-8 weeks? Beat your neighbors to the punch – list NOW and get it SOLD!

Here’s to a great week in real estate and in life!

Are you Are you thinking of selling your Charlotte home? Give the power-marketing team a call today! Let us help you get the most for your home in the shortest amount of time! YES, it’s true–our days on the market are proven to be significantly less than others!