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 […]

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 […]

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 […]

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 […]

First quarter 2016 has brought continued improvement to both Charlotte’s economy and with it it’s housing market. From Forbes.com, 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 […]