We wouldn’t be here without our wonderful clients! Whether you are buying your first home, selling a longtime property, or investing in your future, we are truly grateful for the trust you place in us to help you with these milestone moments. It’s notes like this that make it all worth it. Thank you for letting us be a part of your journey!
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March 2025 Update
A quick March 2025 update for the City of Charlotte is showing increased inventory and at the same time, substantially higher prices:
- New Listings have increased 10.8%
- Average sales price has increased 17% to $647,379
Clearly the increase in inventory has not brought pricing down. What happened in your neighborhood in March?
Myers Park – 9 closings, $568.14 per foot HLA
Cotswold – 14 closings, $477.56per foot HLA
Eastover – 5 closings, $620.14 per foot HLA
Madison Park – 13 closings, $374.96 per foot HLA
Midwood – 10 closings, $478.54 per foot HLA
Charlotte Region Quick Facts
Our homes are our sanctuary. They are providing security and a basis for community; and happily, they have proven to be a VERY good investment in the Charlotte Region:
Year Average Sales Price Change in Average Sales Price
2015 $238,444
2016 $254,417 6.7%
2017 $269,655 6.0%
2018 $286,699 6.3%
2019 $303,722 5.9%
2020 $336,098 11%
2021 $387,465 15.3%
2022 $445,197 14.9%
2023 $461,014 3.6%
(Quick facts provided by Canopy MLS)
Wood-Williams arguably provides a level of experience unmatched in Charlotte. Charlotte is a proven market, and we have the experience to help you find the Right home and or help selling your existing home. Call us!
Ann Holladay (704) 617-7678
Scot Williams (704) 953-8256
Renee Cerwin (704) 502-5307
Robbie Horn (704) 905-0967
Morgan Rooney (704) 560-0450
Happy New Year! Neighborhood Results for the last 6 months as we enter 2024
Our great Wood Williams Realty agents are thrilled to continue to donate a portion from each closing to Project2Heal, an organization that breeds and trains Labrador retriever puppies as service dogs to help vets and others in need. It’s been a stressful couple of years, and service dogs have never been more important. Thanks to those of you who used our services. You are literally helping save lives.
A brief look at what transpired in some of your neighborhoods in the second half of 2023: *
Neighborhood (closings) $/foot Average HLA
Barclay Downs 18 $426.17 2752
Beverly Woods 20 $330.88 2087
Cotswold 58 $385.02 2700
Eastover 28 $524.03 3389
Madison Park 32 $362.25 1762
Midwood 68 $415.42 2001
Myers Park 100 $498.47 3130
Providence Park 4 $330.19 2727
If you are looking for knowledgeable, highly experienced agents to help you buy or sell a home. We are here to help! Call us
Ann – (704) 617-7678
Scot – (704) 953-8256
Robbie – (704) 905-0967
Renee – (704) 502-5307
Morgan – (704) 560-0450
Thanks again from all of us at Wood Williams Realty. Have a happy, safe & merry holiday season.
*Data sourced from Charlotte MLS Services
Neighborhood Notes & Non-Profit News
Some Neighborhood Notes from the First Six Months of 2022…
Wood-Williams Realty is thrilled to continue to donate a portion from each closing this year to Project2Heal, an organization that breeds and trains service dogs to help vets and others in need. It’s been a stressful couple of years, and service dogs have never been more important. Thanks to those of you who used our services.
Just a brief look at what is going on in some of your neighborhoods so far this year:*
| Beverly Woods | (25 Closings) | Averaging $332.67 per foot | Average HLA 1,906 |
| Madison Park | (47) | $335.87 | 1,703 |
| Myers Park | (64) | $480.71 | 3,693 |
| Sharon Woods | (3) | $314.30 | 3,575 |
| Sedgefield | (24) | $411.97 | 2,706 |
| Providence Park | (5) | $394.25 | 2,859 |
| Cotswold | (50) | $387.67 | 2,791 |
| Eastover | (20) | $519.78 | 4,233 |
If you are looking for knowledgeable agents to help you buy or sell a home. We are here to help! Call us (704)953-8256.
*Data sourced from Charlotte MLS Services
Spring Market Update
Do I wait or do I buy? As Charlotte grows and buyers try to navigate this crazy market, more and more we are hearing that question asked.
According to Zillow, waiting even a couple of weeks can cost you thousands of dollars. They argue that due to lack of inventory nationally that housing should remain historically hot for many months. That statement is bolstered by national numbers showing units of home sales down in both February and March this year while average days on market has shrunk to 9 days!
But what about Charlotte? Year to date thru March:
New listings -10.2%
Pending Sales -9%
Closed Sales -3%
Days on the market -21.4%
Average Prices +16.4%
% Of original price paid 100.9% (That’s a stat I haven’t seen in 27 years in the business)
WOW!
The good news in all of this is that we have a very experienced team here to help you navigate this market. Call us today!
January 2022 – Market Update
So here we are in 2022 after another crazy year of tight inventory and escalating prices. According to a Charlotte Business Journal article and the Case-Shiller index, annual home-price gains in the Charlotte metro were up over 20% in October. They have been up 20%+ for the fourth month in a row! Charlotte’s results ranked 8Th amongst 20 metro areas in this analysis, so things are crazy everywhere. According to Redfin, home prices reached an all-time high of $361,171 at the end of the year while the number of homes sold fell to a record low thanks to a continuing lack of inventory.
What do these numbers suggest for 2022? Well, it is clear that the housing markets are driven to some degree by location preferences thanks to a willingness of businesses to allow their employees to work remotely during the COVID pandemic. But how permanent will those changes be? I think it may be revealed this year.
Regardless, the Realtor.com forecast for the Charlotte market in 2022 calls for an increase in median home prices of 5.6% and an increase in sales of 9.9% with an eye to the following trends:
- Competition by millennials as first- time buyers thru 2025
- Mixed affordability
- Opportunities created by shifting workplace dynamics
- New demand for indoor and outdoor spaces thanks to COVID
- And homeowner diversity
Stay tuned – Wood Williams Realty has some fun news to bring you later this month!
July 2020 Sales in the Charlotte Region
The Early Spring Market is Hot!
Punxsutawney Phil called for an early spring and the Charlotte housing market was already one step ahead of him. The market is moving and doesn’t show signs of slowing down. Dr. Lawrence Yum, Chief Economist at The National Association of Realtors, recently visited the Queen City and agrees, “You are in a very good Market”!
Charlotte is one of 10 markets in the country that will outperform the national average for home appreciation in the next five years. And, according to Yum, Charlotte has seen twice the job growth than the national average over the past 20 years. Not only that, but weekly wage growth has grown by 33% in the last dozen years. That’s a recipe for a strong market! Yum also expects optimism in the stock market thanks to the recent Canada-Mexico Trade agreement and fading discussion about a 2020 recession.
Charlotte’s home market is not without its challenges. In December inventory dropped to 1.7 months, historically low (three months is considered a healthy market), and Millennials continue to put off home ownership as they tackle college debt and postpone marriage. ………And then there are those ugly unresolved national issues including divided government, deficit spending, and affordable housing hanging over housing.
But all problems aside, Dr. Yum expects us to see the return of the Millennials and for Charlotte to outperform the national averages by 5%. He is forecasting improvement in real estate four out of the next five years. Exciting times and welcome news for home Sellers! And, the perfect time to give us a call. Let’s find a new home this spring!
January 2020 Market Updates
2020 has started with a bang! According to The Charlotte Realtor Association home sales in December surged 17.2% year over year. It looks like the spring market has started early.
For the year, 50,854 properties sold in the Charlotte Region (12 counties in NC and 4 in South Carolina), up 5.9% in 2019. Additionally, pending sales increased 8.9%, implying continued momentum.
- List price to sales price finished 2019 at 96.7%.
- The average price of a home increased 5.9% to $303,722, while median sales price, rose 7.1% to $255,000.
- List to close was unchanged at 93 days, while days on market averaged 43 days in 2019.
The weather is unseasonably warm. The market is hot. It’s a great time to call us!