SouthPark Market Report – AUGUST 2018

08/11/2018 by Debe Leave a Comment

SouthPark Market Report – AUGUST 2018

SouthPark is a prestigious address that offers wonderful proximity to everything Charlotte. We are 12 minutes from Uptown and 12 minutes from Ballantyne (north and south) and the same distance from Cotswold on the east side and Dilworth on the west side. It really doesn’t get more ‘central’ than that, does it?! The central location in the city may just be the reason that SouthPark is one of the southeast’s largest live/work communities as well.

A variety of housing styles fill the SouthPark community, ranging from 1950’s ranch properties in Beverly Woods and Barclay Downs to newer multi-million-dollar homes in neighborhoods like Quail Hollow, Carmel Park, Foxcroft, Sharon Hills, Royden and the exclusive gated communities of Morrocroft and nearby Seven Eagles. The Harris YMCA, located at the corner of Sharon and Quail Hollow Roads, is also a legacy from the Morrison/Harris family. Read more about SouthPark neighborhoods here.

Three zip codes make up the SouthPark area including 28210, 28211 and 28226. There is a small area of SouthPark (in which Barclay Downs is located) that is located in zip code 28209 (not included in this data due to skewing with the inclusion of Myers Park in the 28209 zip code). To pinpoint the SouthPark area by map, click the map below:

SouthPark home sales continue to trend upwards, demonstrating that our community remains a hot spot to land when moving to the area! Here is the latest market report:

Average Sales Prices in the Zip Codes that make up the SouthPark community

Months Supply of homes for sale in the SouthPark area

Average Price Per Square Foot in SouthPark Charlotte

Average Days on the Market in SouthPark JULY 2018

SouthPark List-to-Sales Price Ratios JULY 2018

SEARCH ALL SOUTHPARK HOMES FOR SALE

Royden Neighborhood (SouthPark)

08/04/2018 by Debe 2 Comments

Discover the Royden Neighborhood (SouthPark)

Welcome to Royden, a sprawling 140-acre sanctuary community of 142 homes in SouthPark. Located just off of Carmel Road (between Colony and Quail Hollow Roads), the community was originally part of “Carmel Hills” and was created in four phases from the former Moore family farm. Phase I was built in the mid 1980’s with the final phase of the neighborhood (Phase IV), being completed in the mid 1990’s.

A touch of the ‘burbs’ right in the heart of the city, this affluent neighborhood with established homes on beautiful winding roads, is mere minutes from some of Charlotte’s top dining, recreational, shopping and entertainment venues. The commute to Charlotte Douglas Municipal Airport, Uptown, Ballantyne and Fort Mill is unbelievably short. SouthPark Mall is about two miles away and Ballantyne is about five miles south of Royden.

Talk about a transformation from city-to-sanctuary – as you drive into the community, you are captivated by the variety of beautiful homes that sit on private, spacious, well-maintained lots with mature trees that fill the community.

Until you exit the neighborhood, you really don’t realize that you’re only minutes away from destinations like SouthPark Mall and all that SouthPark has to offer, Charlotte Douglas International Airport, and some of the city’s top golf courses (including Carmel and Quail Hollow Country Clubs being the closest in proximity), restaurants, churches and schools (both public & private).

Royden has a very active homeowner’s association which provides a community directory with great information about local resources, local crime information and social events. If you have ever dreamed of living in a place where your neighbors become life-long friends, Royden awaits you.

How is the market in Royden? Here is the up-to-date market report for this lovely, luxurious SouthPark community.

Search Homes for Sale in Royden

Follow our SouthPark page on Facebook

If you’re a Royden homeowner, we would love to talk to you when you’re ready to list your home. Visit www.ListMyCharlotteHome.com or give us a call /text at (704) 491-3310 or email SavvyBroker@me.com. We live in the area and have a vested interest in maintaining the values within!

Here’s why savvy Charlotte home sellers are listing with us – our days on the market are well below average and our list-to-sales price ratio is above and beyond the competition! What does this mean? We get your more money for your home in less time – the top two requests that every seller makes!

Charlotte NC STONECROFT Market Report MAY 2018

05/27/2018 by Debe 1 Comment

Charlotte NC STONECROFT Market Report MAY 2018

Location, location, luxury! The area’s most elite custom builders created an exclusive South Charlotte neighborhood, preserving age-old trees and boasting beautiful streetscapes. A complimentary mixture of architecture is seen in the 120 elegant estate homes in Stonecroft, overlooking Carmel Country Club.

Located in SouthPark, just minutes from Uptown and Charlotte Douglas International Airport, Stonecroft homeowners have fingertip access to everything that Charlotte has to offer. From the finest dining to cultural arts, professional sporting arenas to upscale shopping and schools to churches of all denominations, Stonecroft residents have ready-access!

Property in Stonecroft continues to ‘move,’ with days on the market keeping well below the city’s average and showing appreciation, year-over-year.

Average Sales Prices are at $1,327,143, a 32.3% increase, year-over-year

Months Supply of Inventory – 1.6 months, down 46.7%, year-over-year

Days on the Market in Stonecroft are 74, a 196.0% increase, year-over-year

Average Price Per Square Foot is down 3.7% to $208

List-to-Sales Price Ratio is down 1.5% to 95.9%

There have been 7 sales this year in Stonecroft, an increase of 133.3%

5 homes are currently on the market in Stonecroft – Average list price is $1,623,000, 37 days on the market with an average heated square footage of 6,429 ($246.92/SF).

Search homes for Sale in Stonecroft

TODAY’S TIP: If you’re thinking of selling in today’s market, speak to your neighborhood expert to see how pricing your home to sell and taking the time to prepare your home for the market will produce the best results for you!

If you’d like further information on sales in Stonecroft, contact your neighborhood specialist, Debe Maxwell at Debe@DebeMaxwell.com or 704.491.3310 or email CharlotteBroker@icloud.com.

WANTED: Charlotte Homes to Sell NOW in 2018!

04/29/2018 by Debe Leave a Comment

Attention Charlotte Homeowners!

WANTED: Charlotte Homes to Sell NOW in 2018!

Thinking of Selling Your Charlotte Home in the Coming Months?

Why not consider listing your home NOW?

We’ve got buyers but, unfortunately our inventory is so incredibly low right now, there is little from which our buyers can choose. We are seriously in need of homes for sale in the Charlotte area!

WANTED: Charlotte Homes to Sell NOW!

For those searching for ‘all’ homes for sale in the Charlotte (proper) market, you may not believe that our inventory is this low but, it is! 2,543 homes (single family, condos/townhomes and lots) are for sale in the Charlotte (proper) area. This is 19.9% less than the inventory that we had last year which was already a very tight market.

47,353 homes (single family, condos/townhomes, lots) were sold in the city of Charlotte in 2017, further reducing our inventory significantly. Because of the greatly reduced supply, many buyers are simply not finding what they’re looking for within the current available inventory!

If you’re thinking of selling your home, we have buyers in specific areas with broad specifications as follows:

Historic & Inner-City Communities (Myers Park, Dilworth, Elizabeth, Eastover, Cotswold)
SouthPark area (Foxcroft, Carmel Park, Stonecroft, Barclay Downs, Morrocroft, Montibello and Quail Hollow Estates)
South Charlotte area – all price ranges (Zip Code 28277 & 29708 [Fort Mill, SC])
3-5 bedrooms
2, preferably 3+ baths
Outdoor living space/hardscaping – fire pits/fireplaces, patios, covered terraces
UPDATED kitchens and baths
Hardwood floors are a MUST for most home buyers

The condition of a marketable home is imperative! MOST buyers do not wish to modify or renovate; buyers are demanding move-in ready homes! If you’re thinking of selling and have a home in any these areas, we may just have that buyer for you! Let us know if you’re ready to list your Charlotte home. If our buyers are not the right fit for your home, we’d love to work with you to list your Charlotte area home for sale.

This is a great time for you to buy that move-up home as well–interest rates are at historical lows and you just don’t want to miss this opportunity as not only are prices going up in your neighborhood, they are in the areas that you’re looking to buy as well.

Most recent data on market activity in the Charlotte/Mecklenburg real estate market:

***Note, the supply is down to 1.7 months (a 19.0% reduction, year-over-year) in Charlotte (Proper) and the demand is UP!

Current Inventory in all of Mecklenburg County is down 14.0%. NOTE: In FEB 2005 (the height of the Charlotte real estate market), the inventory was at a 10.6 month supply; compare that to the current, 1.7 month supply.

With that in mind, it is easy to see how desperately we need listings in the Charlotte area…NOW!

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

Yes, it’s true– we need Charlotte homes to sell NOW! With a 1.7 month supply of homes, it’s definitely a strong sellers’ market. Buyers are waiting in the wings to pounce on their dream home! We currently have buyers who have sold their homes and are residing in rentals, simply waiting for the right home to be listed–there are just not enough choices right now.

If you have been waiting until you have built more equity in your home, your wait may just be over. See how our marketing plan brings you top dollar in the shortest amount of time – we get RESULTS for our Sellers.

Remember, we don’t just list homes, we SELL them…and we sell them for top dollar and in far less time!

5 Reasons to SELL YOUR CHARLOTTE HOME NOW!

01/28/2018 by Debe Leave a Comment

5 Reasons to SELL YOUR CHARLOTTE HOME NOW!

Here are five great reasons listing your home for sale this winter makes perfect sense:

#1 – Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand even remains very strong throughout the vast majority of the country. With Charlotte being one of the top 5 cities in the nation for relocation, it’s no surprise that our traffic ranking is quite high – and has been for the past 4 years. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market. Spring market typically sees a strong surge of new listings – why compete?

#2 – There Is Less Competition Now

Housing inventory is at the 2-month supply mark, well below the 6-month supply that is needed for a normal housing market. This means that, in Charlotte, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for homeowners who have gained equity as their home values have increased. However, additional inventory will be coming to the market soon.

Historically, the average number of years a homeowner stayed in their home was 5, but has hovered between nine and ten years since 2011. This is yet another sign that there is a pent-up desire for many homeowners to move, as they were unable to sell in years past (following the recession) because of a negative equity situation. As home values continue to appreciate, more and more homeowners will be given the freedom to move.

The choices buyers have will continue to increase. Don’t wait until other inventory comes to market before you decide to sell beat the competition!

#3 – The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and much simpler as buyers know exactly what they can afford before home shopping. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 44 days and we’re seeing a trend closer to 35 here in the Charlotte Metro region with our clients.

#4 – There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has forced these markets into more of a neutral market and some price ranges, even into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly AND you’ll be able to find a premium home to call your own!

Prices are projected to appreciate by 4.7% over the next year according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

#5 – It’s Time to Move on With Your Life

As I age, I begin to realize more and more just how important moving for a lifestyle change really is. My husband and I finally made a move to live more centrally within the city. I can’t tell you how much change that has made in our lives – from commute time to area enjoyment and taking in more local activities than ever before. Look at the reason you decided to sell in the first place and determine whether it is worth the wait. Is being with family important? Is being located near healthcare important? Don’t ever put anything above being able to have the freedom to move on with your life the way you think you should – especially not money!

Only you know the answers to the questions above. Take control of the situation by putting your home on the market if you feel the time has come for you and yours to move on and start living the life you desire.

That is what is truly important.

Of course, you may have a reason beyond these 5 reasons to sell your Charlotte home now – so, let’s talk! – Call or text (704) 491-3310! Listing and SELLING homes is our specialty. View our 5-star client reviews at www.CharlotteRealEstateAgentReviews.com and our listing website, www.ListMyCharlotteHome.com or email us at DebeM@remax.net.

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SouthPark Market Report – AUGUST 2018

SouthPark Market Report – AUGUST 2018

SEARCH ALL SOUTHPARK HOMES FOR SALE

Royden Neighborhood (SouthPark)

Discover the Royden Neighborhood (SouthPark)

How is the market in Royden? Here is the up-to-date market report for this lovely, luxurious SouthPark community.

Search Homes for Sale in Royden

Follow our SouthPark page on Facebook

Charlotte NC STONECROFT Market Report MAY 2018

Charlotte NC STONECROFT Market Report MAY 2018

Search homes for Sale in Stonecroft

WANTED: Charlotte Homes to Sell NOW in 2018!

WANTED: Charlotte Homes to Sell NOW in 2018!

Thinking of Selling Your Charlotte Home in the Coming Months?

Why not consider listing your home NOW?

If you’re thinking of selling your home, we have buyers in specific areas with broad specifications as follows:

Most recent data on market activity in the Charlotte/Mecklenburg real estate market:

Current Inventory in all of Mecklenburg County is down 14.0%. NOTE: In FEB 2005 (the height of the Charlotte real estate market), the inventory was at a 10.6 month supply; compare that to the current, 1.7 month supply.

5 Reasons to SELL YOUR CHARLOTTE HOME NOW!

5 Reasons to SELL YOUR CHARLOTTE HOME NOW!

Here are five great reasons listing your home for sale this winter makes perfect sense:

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success!

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Top 10 Charlotte Real Estate Articles for 2017

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