Charlotte Real Estate Market

As a Realtor the most popular question I receive, “What is the Charlotte Real Estate Market like?”

 

 

 

 

As a Realtor, with Remax Executive here in Charlotte, NC I would be happy to address this question.
Currently, as of December 5th 2013, we have a LOW inventory of homes on the market.

As a seller, would be a great time to take advantage and place your home on the market.
For a free monthly market report on your home sign-up here www.daniellewasser.com.

Realtor’s use “absorption rate” which is a formula using homes currently active, with homes that have sold over
the past 12 months.

How can I calculate absorption rate for my home with Charlotte Real Estate market data?

HOMES SOLD/12= x
HOMES ACTIVE/x= Amount of months it will take to sell your home.

Please contact me if you would like to have your absorption rate figured for your home.

Charlotte Real Estate Market- County results

Mecklenburg, Union, Iredell, and York County

Here is a breakdown on the amount of months you can expect your home to sell, and the average price per sq. ft.
CRITERIA:
*past 12 months
*4 bedroom
*priced $200k-$300k

Mecklenburg County covers Charlotte Area, Real Estate Statistics

Currently, in Mecklenburg county homes are taking 3.19 months to sell, and priced at $96.42 per sq. ft.
Mecklenburg County, is the heart of where Charlotte lives. Homes here are closer to the Uptown Charlotte area, airport, sporting event and concerts.
However, neighboring counties have recently become a hot spot for home owners seeking cheaper taxes, newer homes, and more home for the dollar.

 

Union County located south east of Charlotte, Real Estate Statistics

Currently, in Union county homes are taking 3.6 months to sell, and priced at $89.5 per sq. ft. Union county, known for homes with lots
of acreage, horse country, but not so far out there that Publix and Walmart haven’t made their claim on this popular sprawling area.

 

 

Iredell County located North of Charlotte, Real Estate Statistics

Currently, in Iredell county homes are taking 5 months to sell, and priced at $89.88 per sq. ft.
Iredell County is most know for the Lake Norman area, and popular base for many NASCAR related industries. Taxes are cheaper than their southern
neighboring Mecklenburg. Many home buyers that don’t mind the I-77 traffic, or being far from the “city-life”, opt- to choose Iredell county as a place to call home.

 

                                      

York County located North of Charlotte, Real Estate Statistics

Currently, in York county homes are taking 4 months to sell, and priced at $89.75 per sq ft. York county is most known for Fort Mill, SC area
and Lake Wylie. The schools in Fort Mill are ranked among some of the top in the nation. Home owners opt to live here to be 20 minutes from Charlotte city center, lower taxes, more home for the dollar.

 

To find out more about a certain area, price range in Charlotte, moving to the Charlotte area, or options for selling your home in the Charlotte area please contact me.

Danielle Wasser
704-604-2999
www.daniellewasser.com
drivendanielle@gmail.com

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