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!
$349,000
none
346 Country Club Heights Rd Tryon, NORTH CAROLINA
3 Beds 4 Baths 3,000 SqFt 4 Acres
$214,000
Active
6117 Heathstone Lane B Charlotte, North Carolina
1 Beds 1 Baths 709 SqFt