What is the Best Month to List Your Charlotte Home for Sale?

04/16/2019 by Debe Leave a Comment

What is the Best Month to List Your Charlotte Home for Sale?

The spring housing market is off to to a fast-paced start here in Charlotte! The inventory of homes for sale is slightly increasing, interest rates have remained low and even fallen just a tad and buyers are out in full-force, piquing the interest of buyers and sellers alike.

Recent research from realtor.com shows that the first week of April is the best time to list your house for sale. This year’s crazy-cold weather throughout the winter and into the spring, may have pushed this ‘norm’ out about at least 2-3 weeks. According to the article linked above, listing your home in the first week of April will garner your home 14 times more property views, 5% less competition from other home sellers and can result in your home being sold 6 days faster!

Below is a graph indicating the average score for each month of the year.

Best Month to Sell a Home in Charlotte NC
*Graphics provided by KCM

Of course, it comes as no surprise that March, April and May are the top months to sell. The second quarter of the year (April, May, June) is referred to as the Spring Buyers Season, when competition is fierce to find a dream home, often leading to bidding wars.

If you’re thinking of selling your home this year, the time to list is NOW! According to the National Association of Realtors, 41% of homes sold last month were on the market for less than 30 days! If you list now, you’ll have a really good chance to sell in April or May, setting yourself up for the most exposure!

Bottom Line

April and May are two of the best months to list your Charlotte home. Let’s get together to discuss the market conditions in our area to get you the most exposure to the buyers ready and willing to make a move! Call or text (704) 491-3310 or email me at SavvyBroker@me.com.

If You’re Thinking of Selling Your Charlotte Home, CALL NOW!

01/26/2018 by Debe Leave a Comment

If You’re Thinking of Selling Your Charlotte Home, CALL NOW!

As the final data on the 2017 Charlotte housing market files in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME!

How did we finish 2017

1. New-home sales were at their highest level in a decade. In fact, in all Charlotte MLS, new construction sales were up 15.4% year-over-year.

2. Sales of previously owned homes were at their highest level in more than a decade. In all Charlotte MLS, resales were up 3.6% year-over-year.

3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

4. Average Sales prices in Charlotte are up from $196,544 5 years ago to $285,727 at the end of 2017…up a whopping 45% in 5 years!

And Bloomberg Business just reported:

“America’s housing market is gearing up for a robust year ahead. Builders are more optimistic, demand is strong and lean inventory is keeping prices elevated.”

And the National Association of Realtors revealed that buyer traffic is stronger this winter than it was during the spring buying season last year.

The only challenge in our real estate market is a severe lack of inventory. A balanced market would have a full six-month supply of homes for sale in Charlotte. Currently, there is less than a two-month supply of inventory. This represents a decrease in supply of 20.0% from this same time last year.

Bottom Line

Basic supply & demand at it’s best is being demonstrated in the Charlotte market. With demand increasing and supply decreasing, this IS the perfect time to get the best price for your home. Let’s get together to see whether that is the case in your neighborhood.

What You Need to Do

If you’re thinking of selling your Charlotte home, 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.

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

Summerlake Market Report AUG 2015

08/10/2015 by Debe 5 Comments

Summerlake (28226) Market Report AUG 2015

Summerlake, one of SouthPark‘s premier communities, features 135 custom-built, elegant, traditional style homes. The homes in Summerlake range from 2,500 to 6,000+ square feet. Some of Summerlake’s lots overlook the community pond, some are situated on the walking trails and others have ‘back door’ access to Olde Providence Swim & Racquet Club.

This lovely neighborhood is situated in the heart of SouthPark, approximately 3 miles from Quail Hollow Country Club, nearby Carmel Country Club and Cedarwood Golf Club is within close proximity as well. Of course, if you’re into shopping and dining at fine restaurants, you will love this location, near SouthPark Mall and the mall’s surrounding fabulous restaurants. Summerlake residents also enjoy the convenience of the Arboretum and it’s central location to all of Charlotte’s premier private schools. This neighborhood boasts top-ranked public school assignments as well.

How’s the market faring in popular Summerlake neighborhood?

The average price per square foot in Summerlake is up 16.8% year-over-year to $181./SF

The average sales price in Summerlake is $865,000, a 27% increase year-over-year

The average days on the market are 81, a 39.7% increase year-over-year.

(Bear in mind that this price range does tend to have slightly increased days on the market; 2014 was the rebound year for the recession and in our opinion, the days on the market have returned to a more ‘normal’ average.)

The market absorption trend reflects a 3.1 month supply of homes for sale in the Summerlake neighborhood.

The market absorption trend can be impacted by any or all of the following:

The price set on homes for sale in the community
The improvements made upon each home for sale within the community
The location within the community
The exterior construction – some buyers prefer stucco, some brick.
Current market buyers’ preference dictates how quickly a home will sell based upon these factors.

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

If you’re thinking of buying a home in SouthPark, we know the area like the backs of our hands! We’d love to give you the grand tour and assist you with your home purchase. Let us know when you’re ready! View currently active homes for sale in SouthPark here:

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If you’re a Summerlake 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!

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If You’re Thinking of Selling Your Charlotte Home, CALL NOW!

How did we finish 2017

1. New-home sales were at their highest level in a decade. In fact, in all Charlotte MLS, new construction sales were up 15.4% year-over-year.

2. Sales of previously owned homes were at their highest level in more than a decade. In all Charlotte MLS, resales were up 3.6% year-over-year.

3. Starts of single-family homes were their strongest in a decade and applications to build such properties advanced to the fastest pace since August 2007.

4. Average Sales prices in Charlotte are up from $196,544 5 years ago to $285,727 at the end of 2017…up a whopping 45% in 5 years!

Bottom Line

What You Need to Do

Summerlake (28226) Market Report AUG 2015

How’s the market faring in popular Summerlake neighborhood?

The average price per square foot in Summerlake is up 16.8% year-over-year to $181./SF

The average sales price in Summerlake is $865,000, a 27% increase year-over-year

The average days on the market are 81, a 39.7% increase year-over-year.

The market absorption trend reflects a 3.1 month supply of homes for sale in the Summerlake neighborhood.

The market absorption trend can be impacted by any or all of the following:

List My Charlotte Home for More Money and SELL in Less Time

Houses for sale in Charlotte NC

Reviews

Area Home Searches

Luxury Neighborhoods

What our clients are saying...

Metro Area Communities

Why we love living, working and playing in Charlotte...