Housing remains bullish. According to the Home Purchase Index, Fannie Mae found that 58% of Americans say it’s a good time to buy a home, and maybe as importantly 65% say it’s a good time to sell one! These sentiments likely have a lot to do with interest rates that, even though they have been bouncing around a bit, are 1% lower year over year and close to historical lows.
Additionally, rents have reached a national average of $1,465/ month in June, up $45 bucks from this time last year. Charlotte comes in at $1,243 up 5% since last year. Throw in rising consumer credit scores, and it really is a good time to call Wood-Williams Realty, LLC.!
A synopsis of data drawn from South State Bank’s Expert Update published 9/20/19
That said, we wanted to share neighborhoods across Charlotte where we are active and provide some single-family activity data from the last 90 days:
Neighborhood |
Active Properties |
Under Contract |
Closed/Sold |
Average Price |
Cost Per Sq Ft |
Myers Park |
48 |
24 |
47 |
$1,163,030 |
340.81 |
Cotswold |
32 |
13 |
36 |
$709,328 |
$254.74 |
Madison Park |
20 |
13 |
34 |
$386,331 |
$226.95 |
Eastover |
19 |
12 |
10 |
$1,436,194 |
$321.60 |
Dilworth |
14 |
14 |
20 |
$835,883 |
$312.52 |
Quail Hollow |
11 |
|
3 |
$1,151,000 |
$233.37 |
Providence Park |
8 |
1 |
5 |
$882,000 |
$280.77 |
Sharon Hills |
5 |
2 |
6 |
$692,583 |
$218.04 |
This information was compiled from CMLS on 9/20/2019 at 11 AM. All single-family properties that identified themselves as being in those neighborhoods were used.
This is just a broad look at these neighborhoods. For an expert opinion give us a call. Next month look for a similar survey of condo activity.
Here’s a snapshot of our latest listings. We look forward to hearing from you!
No properties found