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Charlote Real Estate Market Forecast 2023

January 28, 2023 by Danielle Edwards

Charlotte Real Estate Market Forecast

2023-2022 home sales across the Charlotte region trend back to 2019 levels.

Article by Canopy Realtor Association shared by Danielle Edwards

CHARLOTTE, N.C. — At the end of 2022, existing-home sales across the 16-county Charlotte region declined 15.3 percent year-over-year, as 50,286 homes sold across the region last year. The region had approximately 9,300 more home sales in 2021 than in 2022, which included 12 consecutive months of year-over-year declines. 2022’s sales were on par with sales at the end of 2019, which was a healthier year of sales, due to the overall pace of the market and amount of inventory. There were 3,0

65 closed sales during the month of December 2022 throughout the region, which is down 37.7 percent year-over-year. Sales included in this report, come from Canopy MLS and include single-family and condo-townhome data only, for the 16-county region.

A gauge of buyer interest, pending contracts, fell throughout the year and totaled 47,477 houses under contract, a 20.5 percent decline from contract activity in 2021.. In part because the FED increased interest rates in response to inflationary pressure during 2022, buyers withdrew from the market. Contract activity reached a low point in December with 2,472 homes signing contracts, a decline of 32.4 percent from the previous year. Contract activity is typically a forward-looking indicator and a good predictor of future sales.

 

“Our region has experienced a tremendous amount of growth over the last year, even though year-over-year sales activity didn’t reach the level of activity we saw during the height of the pandemic,” said Tiffany Johannes, the 2023 president of Canopy Realtor® Association/Canopy MLS and Realtor®/Broker-In-Charge with RE/MAX Executive Ballantyne. We observed a return to a relatively healthier timing and pace of activity during most of last year and will continue to do so because 2021 was an outlier and an unhealthy market. If there’s any good news, it’s that the slower pace of sales should let inventory increase and possibly provide purchasers more options later this spring.

Year-end statistics reveal that with 57,973 residences posted during the year, new listing activity—which is a proxy for seller activity—was down 10% from 2021. During the month of December sellers listed 2,418 homes for sale, a 31.3 percent year-over-year decline. As buyers pulled back last year, seller activity also declined.

 

 

Inventory had 6,479 homes posted for sale as of report time on January 5, 2023. A 54 percent increase from the 4,206 homes for sale at the same time last year. Months of supply rose 100% to 1.6 months, indicating that the area is still in a seller’s market. That is far from being balanced at six months of supply. Prices continued to rise year-over-year in December.

The average sales price was $444,600 for the entire year. It was up 14.9% from the previous year, and the median sales price was $379,890. The initial list price to sales price ratio rose to 99.7%. As a result of sellers continuing to be able to sell their houses for virtually their full asking price. Only for the month of December, the median sales price ($373,625) and average sales price ($436,920). Then both grew by 6.8 and 7.3 percent over the prior year. The percentage of original list price to sales price in December dropped further, to 94.7 percent.

The property market’s slowing down is just one of many indicators that point to a recession this year. This is according to many experts, Johannes added. But buyers need to understand that a recession doesn’t necessarily equate to home prices falling. Rates are anticipated to fall further. As inflation continues to reduce, even if the era of rates of 3% is probably over. Housing would be crucial to an economic recovery, according to our current outlook, and any recession would be minor.

Time on market across the region showed homes sold quickly throughout 2022, leaving buyers little time for negotiation.  List to close averaged 77 days last year compared to 73 days in 2021. The metric that accrues for “Active” and “Under-contract-show” statuses, showed homes averaged 22 days on market in 2022. It was compared to 19 days on market in 2021.  However, on December, List to Close increased from 75 days in 2021 to 99 days in 2022. And while days on market in December, increased from 20 days in 2021 to 41 days in 2022.

Charlotte Real Estate Agent Danielle Edwards

“Charlotte, NC and the Carolinas in general rank among the top 5 States where people are moving to. Not only that many experts rank Charlotte, NC as the market to watch in 2023. Charlotte Real Estate Agent, Danielle Edwards with RE/MAX EXECUTIVE has seen buyers that have been on the sidelines starting to resurface. It is really hard to tell what our market is like. This is because like most areas we experience a seasonal slow down this time of year.
2021 was an unhealthy market, and now it is about re-educating sellers on how to price their home properly, and education buyers on ways to still win.

When I meet with new buyers I don’t just meet them at a house. I sit with them in my office and we go over their wants and needs, the different areas, and how to strategize a game plan that will have their house search here in Charlotte, NC be affective.”

 


 

Canopy Realtor® Association owns and operates Canopy MLS, the region’s primary source for accurate and timely property data in a multicounty service area including the Charlotte MSA, Asheville MSA and Catawba Valley region spanning across North Carolina and South Carolina to outside the Carolinas.

Canopy MLS provides the latest technology, tools and analytics that Realtors® utilize to support consumers with their residential real estate.

For more great real estate information on the Charlotte, NC reach out to Danielle Edwards.

If you liked this article be sure to follow us on our social media channels!

Filed Under: Charlotte News and Information, Charlotte Real Estate News, Featured Content, Market Conditions Tagged With: Buying a Home Ballantyne NC, charlotte 2023 real estate market forecast, Charlotte realtor, Charlotte Suburbs, charotte real estate market, for sale charlotte, listing agent charlotte, moving to charlotte, real estate 28104, real estate 28210, real estate 28226, real estate 28277, realtor ballantyne nc, remax agent ballantyne nc, Remax Broker South Park NC, Remax Realtor Charlotte NC, Remax Realtor South Park NC, should I buy a home in 2023, should I sell my home in 2023

What Makes Weddington, NC a Best Charlotte Suburb?

September 24, 2022 by Danielle Edwards

What Makes Weddington, NC, a Best Charlotte Suburb?

by Charlotte Real Estate Agent Danielle Edwards

Welcome to Weddington, NC!

If you’re reading this post, it’s maybe because you’ve heard about how great Weddington, NC, is. What used to be a small, quaint North Carolina town is booming into a bustling Charlotte suburb. If you are looking to move to the Charlotte, NC, area, Weddington is a magnet for people and families wanting wide open spaces, newer homes, community amenities, and, of course, more bang for your buck!

I recently moved several families to this sparkling suburb via Facetime or in person – from all over the United States. Their main focus was a safe place to raise their family and top schools. But, let’s not forget the beautiful parks, access to sports fields, hockey, gymnastics–you name it— it is here — tucked away behind soaring pine trees.

YOUTUBE VIDEO BELOW ALL ABOUT WEDDINGTON and HIGHLIGHT on THE ESTATES AT ATHERTON.

Where is Weddington located compared to Charlotte, NC?

Weddington NC

Weddington is 2-3 miles from I-485,  making this location attractive to hybrid and remote workers. But even if you commute daily, it is doable — about 35-40 minutes to uptown. Some roads are 2-lane country roads, which during rush hour, can have a slower pace after a long day. The further you live from the Charlotte city center, you get “more bang for your buck.” Just realize it might take you longer to get home, which costs time, gas, and wear and tear on your car. The taxes are slightly cheaper in Weddington, but if you are a commuter, you make up for that the further out you buy.

It comes down to what is important to you! I tell clients to think about how they live now. What is important to you? Since I have lived in many areas throughout Charlotte and the US, I usually can give examples to my clients on what they can expect relative to their lifestyle.

Check out my Weddington Chase Driving Tour!

Top Things to Do near Weddington, NC?

Hunter Farms offers seasonal educational farm tours during the Spring, Fall, and Winter seasons. Kids can discover the sights and sounds of a working farm. You can rent a garden plot to grow your food or an outdoor venue for special events, such as parties, receptions, and reunions.

Charlotte Helicopters offers aerial sightseeing tours in many areas in and around Charlotte. Make memories with your friends and family by taking an aerial tour of Uptown Charlotte, Speedway, Lake Wylie, and Lake Norman. Custom tours of your choosing are also available.

Waverly hosts Weddington’s finest shopping, restaurants, homes, and office space, all located off I-485 near Ballantyne, Blakeney, Matthews & Waxhaw. A walkable community with the urban energy you’re looking for and the convenient South Charlotte location you desire. Stylish living options abound, just steps from the office. Designed to bring people together, Waverly is the perfect place to meet friends for coffee or a cocktail. Sample a variety of cuisines from the many dining hot spots on The Terrace. Park once and take care of your entire to-do list – whether buying organic groceries at Whole Foods, working out, picking up that perfect new outfit, or going to the dentist. Everything you need is right here.

Six Mile Creek Greenway has a beautiful 1.8-mile out-and-back trail. Generally considered an easy route, it takes an average of 31 min to complete. This greenway is a popular trail for road biking, running, and walking, but you can still enjoy some solitude during quieter times of the day. The trail is open year-round and is beautiful to visit anytime. Dogs are welcome and may be off-leash in some areas.

Downtown Waxhaw is home to thriving arts, cultural and dining scenes, less than 15 minutes from Weddington. Enjoy arts and history museums, parks, trails, antiquing, and breweries!

Please let me know if you would like more information on living here or in other communities like this in the Charlotte area.

For more of Charlotte’s top neighborhood driving tours, check out my various playlists on our YOUTUBE Channel.

 

Danielle Edwards FIVE STAR AGENT

Hefferon | Edwards Team

704-703-4574

team@hefferonedwardsnc.com

Filed Under: Charlotte Real Estate News Tagged With: best neighborhoods weddington nc, best place to raise a family charlotte nc, best place to raise a family nc, best places to live near charlotte nc for families, charlotte real estate, charlotte real estate agent, Charlotte realtor, remax agent ballantyne nc, remax agent charlotte nc, top charlotte real estate agent, top places to live in weddington nc, weddington chase, weddington community

Weddington NC – Top Neighborhoods

September 9, 2022 by Danielle Edwards

Weddington NC – Top Neighborhoods

by Charlotte Real Estate Agent Danielle Edwards

Weddington NC

Weddington NC

Welcome to Weddington, NC

If you are reading this post it is probably because you heard about how great Weddington, NC is.
What use to be a small quaint North Carolina town, is booming into a bustling Charlotte suburb with small town feel. If you are looking to move to the Charlotte, NC area this area is a magnet for people or families wanting wide open spaces, newer homes, community amenities, and of course— more bang for your buck!

I recently have moved several families to this sparkling suburb via Facetime or in person – from all over the United States. Their main focus was a safe place to raise their family and top schools. But, let’s not forget the beautiful parks, access to sports fields, hockey, gymnastics–you name it— it is here– tucked away behind soaring pine trees.

Weddington Chase

Weddington Chase

Built by well known Charlotte builder John Wieland.

Most of Wieland communities all look the same. Large brick stately homes, columns or porches, larger lots, and top notch community amenities. They are typically all built out in different phases and offer you many floor plans from basement homes, cul de sac homes, facing a pond/lake, or the coveted private treed lot!

Where is Weddington located compared to Charlotte, NC?

This location in Weddington Chase is 2-3 miles to 485 our beltway that gets you to I-77. This is attractive because many do not have to commute to the city everyday like before. Even if you do, it is not a bad commute. However, I will warn you- some lanes are 2 lane country roads. During rush hour this can sometimes be a slow pace to get you back home. The further out you live from the Charlotte city center you do get “more bang for your buck”. Just realize, it might take you longer to get home and that costs time, gas, and wear and tear on your car. Some will proudly boast that the taxes are slighty cheaper in Weddington too! But, to me… you make up for that being further out.

Really it comes down to what is important to you! I tell clients to think about how you live now. What is important to you? Since I have lived in many areas throughout Charlotte and the US, I normally can give examples to my clients on what they can expect relative to their lifestyle. I love the Weddington Chase location because it has quick access to Providence Rd and Publix my favorite grocery store!

Here is my Weddington community real estate driving tour I did on Weddington Chase! This will give you a feel for the community and help you get to know the area before you visit Charlotte, NC.

Let me know if you would like more information on living here or other communities like this in the Charlotte area.

For more Charlotte top neighborhood driving tours check out my various playlists on our YOUTUBE Channel.

 

Danielle Edwards FIVE STAR AGENT

Hefferon | Edwards Team

704-703-4574

team@hefferonedwardsnc.com

Filed Under: Charlotte Real Estate News Tagged With: best neighborhoods weddington nc, best place to raise a family charlotte nc, best place to raise a family nc, best places to live near charlotte nc for families, charlotte real estate, charlotte real estate agent, Charlotte realtor, remax agent ballantyne nc, remax agent charlotte nc, top charlotte real estate agent, top places to live in weddington nc, weddington chase, weddington community

Recession, Real Estate, and the good news..

July 28, 2022 by Danielle Edwards

Recession, Real Estate, and the good news..

By Charlotte Realtor Danielle Edwards

Hopefully, you learned something!  Call me and let’s talk about real estate, interest rates, the recession and WHAT IS IMPORTANT TO YOU!

704-761-7484

Filed Under: Charlotte Real Estate News Tagged With: best realtor ballantyne, best realtor charlotte, best realtor southpark, best realtor weddington, real estate 2022, top realtor ballantyne, top realtor charlotte, top realtor southpark, top realtor weddington

Homes with SEPTIC TANK – Charlotte NC

July 16, 2022 by Danielle Edwards

Homes with Septic Tank System

Should you get a septic inspection?

By Charlotte Top Real Estate Agent- Danielle Edwards

Google FIVE STAR VERIFIED AGENT

When you purchase a home in North Carolina or South Carolina chances are you might be buying a home that has a septic system.  These are typically found in rural areas outside the city limits.  Most septic systems have zero issues, however it is always wise to get an inspection done and ask the seller to pump their “sh*t” out before you purchase.

Two times this year I experienced some septic drama and I swore when I had time I would put together this video for you to enjoy.

You tell me… would you get a septic inspection? Would you want to verify the septic permit?

If you don’t already have a Realtor guiding you on your home buying journey I would be happy to assist you.  If you are outside my area, I can always point you in the direction of another rockstar agent that will do their best to make your home buying experience a great one!

 

 

Danielle Edwards

Top Charlotte Real Estate Agent

704-761-7484

Selling Charlotte Since 2006

Hall of Fame RE/MAX AGENT

Certified Luxury Marketing Specialist

12104 Copper Way, #100

Charlotte, NC 28277

Filed Under: Charlotte Real Estate News Tagged With: buying a home with a septic tank, Charlotte realtor, Charlotte Suburbs, moving to charlotte, realtor charlotte, remax executive, rural homes nc, rural homes north carolina, septic inspection, septic system, septic tank, what is a septic system

OPEN HOUSE JULY 8th in WEDDINGTON, NC

July 8, 2022 by Danielle Edwards




OPEN HOUSE

Details- Luxury Listing in Weddington, NC

Come join us!

4:30-6pm Friday July 8th, 2022

251 OLD POST RD.

Weddington, NC

$150 gift card raffle to Foxcroft Wine

 

Filed Under: Charlotte Real Estate News Tagged With: Charlotte Suburbs, luxury homes south charlotte, luxury homes weddington nc, Open House, realtor charlotte nc, remax agent, remax charlotte nc, remax collection, top real estate agent charlotte nc, top real estate agent weddington nc, weddington nc, weddington nc real estate, weddington nc real estate agent

Charlotte Real Estate Market 2022

May 17, 2022 by Danielle Edwards

Charlotte Real Estate Market 2022

by Danielle Edwards, REMAX EXECUTIVE

Charlotte real estate is still HOT despite rumors that it might be cooling off. There are many factors that go into the Charlotte real estate market in 2022, and being one the top places to live doesn’t seem to having a large effect. Although there are dozens of Charlotte neighborhoods worthy of investing in, our inventory is still low, homes are still going over asking price, and rates are rising.

So, should you buy now? Wait to buy? Maybe rent?  Join me and Jeff Gilmore with Fairway Mortgage as we really dive in and explain everything we are seeing out in the field.

Check out my reader digest show on the Charlotte Real Estate Market. If you learn something or enjoy it- don’t forget to like it and comment.

Danielle Edwards is a Charlotte Real Estate Agent mainly servicing South Charlotte, Ballantyne, Weddington, Waxhaw, Fort Mill, Matthews, Pineville, Southpark, and Myers Park.

Get to know Charlotte with my quick community tours that will  turn your Carolina dreaming into Carolina living soon!

I have been helping people JUST LIKE YOU since 2006 get to know our expansive area here in CHARLOTTE, NC.   If you are looking for someone who has lived in many different areas and can help you pinpoint where to start looking let’s set up a time to connect!

Danielle Edwards
704-604-2999

Danielle Edwards, FIVE STAR AGENT since 2006.

Filed Under: Charlotte Real Estate News Tagged With: Charlotte, Charlotte realtor, Charlotte Suburbs, danielle edwards, moving to charlotte, remax agent ballantyne nc, Remax Agent Matthews NC. Remax Real Estate Agent Matthews NC, remax broker ballantyne nc, remax charlotte, remax realtor, southpark realtor

2020 MONAGHAN CT. MATTHEWS, NC Homes

May 12, 2022 by Danielle Edwards

Matthews NC Homes

2020 MONAGHAN CT MATTHEWS

Listed for $399000

Sold for $450,000 13.6% over list

Click to check out other homes in Matthews, NC.

Wonderful home on cul-de-sac in sought after Ashley Creek. Kitchen with granite countertops, tile backsplash, and SS appliances. Hardwood flooring on Main.  You will love the screened porch drinking morning coffee. Spacious back yard has a park-like setting. Homes in Matthews, NC and this neighborhood have access to Squirrel Lake Park and Four Mile Creek Greenway that you can walk or bike to growing downtown Matthews.







CLICK HERE FOR MORE LISTING DETAILS

 

For more Charlotte real estate information on my listing in Matthews please contact me.

Charlotte Realtor®

For more Charlotte real estate information on purchasing in Piper Glen or other luxury communities like Piper Glen just reach out! I am happy to assist you.

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edwards Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte Real Estate News, sold Tagged With: best communities south charlotte, best real estate agent, best realtor near me, danielle edwards, for sale charlotte, mountainbrook, moving to charlotte, Remax Agent Matthews NC. Remax Real Estate Agent Matthews NC

Charlotte Real Estate – Rea Woods

March 31, 2022 by Danielle Edwards

Charlotte Real Estate

Rea Woods – South Charlotte Neighborhood

Presented and marketed by Danielle Edwards, REMAX EXECUTIVE

Rea Woods is a beautiful community right smack in the middle of South Charlotte. It has swimming pools, tennis courts, playgrounds, greenway tree preserved areas, and everyone just loves living here!! Check this video tour out!

CLICK HERE FOR MORE INFORMATION ON CHARLOTTE LISTINGS

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte Real Estate News, Home Tour Tagged With: best communities south charlotte, best find listings, best places to live in charlotte, best real estate agent, buy a home in charlotte, charlotte remax, community tours, driving tours, rea woods, south charlotte homes, south meck homes

Charlotte New Homes- Mattamy – Sonata at Mint Hill

March 31, 2022 by Danielle Edwards

Charlotte New Home

built by Mattamy Homes – Sonata at Mint Hill

Presented by New Home Construction Buyers agent

Danielle Edwards, REMAX EXECUTIVE

New Home Construction Buyers agent

Looking for a one-level living, new construction, or 55+ community? You have come to the right spot!!

They have several floor plans to choose from!!

 

CLICK HERE FOR MORE INFORMATION ON CHARLOTTE LISTINGS

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

Filed Under: Charlotte Real Estate News Tagged With: 55+, 55+ charlotte area, 55+ communities charlotte, affordable homes charlotte, best listing agent charlotte, best place to live charlotte, best realtor charlotte, buying a home charlotte, charlotte real estate, charlotte remax, Mattamy Homes, mint hill, new home construction, new homes, Sonata

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12104 Copper Way Ste. 100
Charlotte, NC 28277
704-276-6882
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