Nov 28

A Year End Review of Luxury Plus Condo sales in Myers Park and Eastover

It has been a strong year for what I’m coining luxury plus condos in Charlotte’s Myers Park and Eastover neighborhoods. Fueled by strong existing home sales, prospects have found it an advantageous time to sell their single family properties and make the transition into condos and town homes. We are tracking 5o of these properties […]

Sep 21

Mid-September, 2016 Housing Supply and Product Demand Overview

Looking at the Charlotte metropolitan residential real estate market using data provided from CarolinaMLS, we continue to find an entrenched seller’s market. Charlotte continues to see both inventory and months of supply of inventory shrinking (-22.7% and -30.2%). Additionally, Charlotte real estate has seen an overall increase in median sales price of 5.3%, with condos […]

Jul 18

Charlotte Market Update- End of June 2016

Charlotte’s real estate market continues to improve. Year to date numbers and June 2016 vs 2015 results are showing dramatic improvement: New listings are up 2.4% year to date and 7.7% year to year Pending sales are up 11.6% year to date and 19.3% year to year Closed sales (+4.9%), median sales price (+5.2%), and […]

Apr 19

First Quarter 2016 Condo Market Report

As we dive into the heart of the Spring selling season, we may start seeing some negative housing headlines. They will be misleading. Employment figures are positive, and mortgage rates are extremely low, but both March listings (-.2%) and year to date listings (-1.7%) are showing declines over those of 2015, as are closed sales […]

Apr 1

First Quarter 2016

First quarter 2016 has brought continued improvement to both Charlotte’s economy and with it it’s housing market. From, Charlotte is the nations 13 fastest growing CMA: Its 2015 population grew at 1.84% and is expected to grow at a 1.28% clip this year Jobs grew at 3.48%, as unemployment shrank to 5.26% Median pay […]