Dilworth Real Estate Market Report Charlotte NC 2012

How’s the Charlotte real estate market doing in Dilworth? We believe that the incredible data below will demonstrate Dilworth‘s strong seller’s market is getting stronger! If you’re a home buyer in Dilworth, you may have a bit of difficulty finding a home and being able to grab it before it is sold to multiple bidders but, hang in there–Dilworth is certainly worth the wait!

Below is the 2012 Dilworth Real Estate Market Analysis

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The volume of Closed home sales in 2012 in Dilworth rose 20.5% from 2011 to 2012

Dilworth Average Home Sales Price in 2012 was $427,592, rising 22.4% over 2011’s average sales price.

Dilworth List-to-Close Days on the Market: How many days do homes in Dilworth remain on the market? List-to-Close dates (156) have fallen nearly 22% in the Dilworth community over the past year-great news for Dilworth home sellers.

Dilworth boasts a 94% list-to-sales price ratio. This is excellent information to know as a home buyer as well–you know that you’re not going to be negotiating much beyond this percentage. In recent months, nearing the end of 2012, the list-to-sales price ratio rose to approximately 97%.

What is the average price per square foot in Dilworth? The average price per square foot in 2012 for Dilworth was $209, a 9% increase from 2011.

New listings have fallen 26.7% in the Dilworth community for 2012, providing a perfect selling opportunity for Dilworth home sellers.

Supply and Demand

There is quite a bit of pent-up demand for the Dilworth community and based upon the reduction in the number of listings over the past 12 months, Dilworth is showing a STRONG seller’s market. If you’re thinking of selling your Dilworth home, now is the time to sell. Many buyers are just waiting on that perfect bungalow to buy before the spring season this year. Dilworth’s real estate market absorption trend has taken a strong turn towards a seller’s market with only a 5.2 month supply, a full 57% reduction over the previous year. As above, with the Dilworth list-to-sales price ratio, the end of 2012 finished strong with less than a 4-month supply!

Dilworth homeowners, if you’re thinking of selling your Dilworth home, give us a call. We know the area like the backs of our hands and can be most effective in getting the job done for you! Give us a call at (704) 491-3310 or email us at SavvyBroker@me.com.