Charlotte NC Real Estate Update + The Maxwell House Group eNews for Thanksgiving 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 is reflective of a stable market, showing strong recovery process with the typical ‘slower’ last quarter sales. Buyers were out touring homes last week and we did have homes going under Contract (including several of our own listings!). Prices continue to rise in the Metro region. Our inventory remains quite low as we move towards the end of the year.

BEST READ THIS WEEK: Thinking of building your dream home? Let’s talk about your lot purchase.

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

Pending single family homes in Charlotte (Charlotte Proper only), have increased by 13.3%. There are 219 homes that were entered into Escrow during the past 7 days. Average price per square foot for single family homes sold is $104.48. Charlotte average sales prices rose to $238,539.

There is currently a 4.4 month supply of homes (condos, townhomes, single family homes and lots) are currently for sale in the Charlotte (city) market, down 4.2% from last year. Charlotte proper had 227
Closed home sales last week.

There are currently only 3,911 properties for sale (active) in the city of Charlotte! 194 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 November! We hope that you are enjoying your destination city or your new home in Charlotte…and will for many years to come.

With a 4.2 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 a great time to buy a Charlotte home–before interest rates rise and home prices continue to increase as well. Don’t wait for that spring inventory and bidding wars – 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, the spring is typically the time to list your home but, who says the winter months aren’t a great time to list your home?! Why wait for the flood of homes coming on the market next quarter? Beat your neighbors to the punch – list NOW and get it SOLD!

Here’s to a very Savvy Thanksgiving week!

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!