Midland Crossing – New Construction Charlotte Region

February 28, 2024 by Danielle Edwards

Discover Your Dream Home at Midland Crossing

with Danielle Edwards, Top Charlotte Area Real Estate Agent

Are you searching for the perfect home near Charlotte? Look no further than Midland Crossing, where a limited number of homes are currently under construction, offering a variety of options to suit your needs.

I recently toured this new opportunity and was really impressed with what buyers can get.Â The location is perfect for those communities to the Charlotte area.

Customizable Homes for Every Lifestyle

Midland Crossing features one to two-level spec homes with customizable finishes, allowing you to create the home of your dreams. Whether you’re looking for a cozy one-level retreat or a spacious two-story residence, you’ll find options to fit your lifestyle and budget.

With 129 homes planned for the community, Phase 1 is currently underway, offering introductory pricing and a selection of move-in ready or customizable spec homes. Ranging from 1400 to 3200 square feet, these homes provide ample space for your family to grow and thrive.

Experience the Best of Concord

Located near downtown Concord, Midland Crossing offers easy access to a vibrant array of local amenities. Explore charming boutiques, dine at delicious restaurants, and discover unique artwork at nearby galleries. Plus, with craft breweries and the renowned Redbridge Golf Club just minutes away, there’s always something new to experience in this dynamic community.

Contact Us Today

Ready to learn more about living at Midland Crossing for your new construction home? Contact us today using the information below to schedule a tour or inquire about available homes. And don’t forget to like, comment, and subscribe to stay updated on the latest news and listings!

ExploreÂ Midland CrossingÂ Today

View available spec homes LIVE in this link.

Need a Buyer Agent for new construction?

Yes!Â The friendly agent at the new home model works for the builder.Â The contracts are written PRO builder.Â Everything they do is for the builder. I have seen many times where little things have gone wrong and I was able to catch it and point it out to my buyer who was purchasing new construction in the Charlotte region.

Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

How Shifting Mortgage Rates Affect Your Finances

February 27, 2024 by Danielle Edwards

Key Considerations When Buying a Home

For prospective homebuyers, understanding the significance of mortgage rates is essential in determining affordability and monthly payments.

Even minor fluctuations in mortgage rates can significantly influence your purchasing capacity.

To effectively navigate these changes and make well-informed buying decisions, it’s advisable to seek guidance from a knowledgeable local real estate agent and mortgage specialist.

2 of the Factors That Impact Mortgage Rates

If youâ€™re looking toÂ buy a home, youâ€™ve probably been paying close attention toÂ mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?

The answer is complicated because thereâ€™s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.

Inflation and the Federal Reserve

TheÂ Federal ReserveÂ (Fed) doesnâ€™t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to whatâ€™s happening with inflation, the economy, employment rates, and more. As that happens, mortgage rates tend to respond.Â Business InsiderÂ explains:

â€œThe Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages.Â High inflation and investor expectations of more Fed rate hikes can push mortgage rates up. If investors believe the Fed may cut rates and inflation is decelerating, mortgage rates will typically trend down.â€

Over the last couple of years, the Fed raised the Federal Fund Rate to try to fight inflation and, as that happened, mortgage rates jumped up, too. Fortunately, the expert outlook for inflation and mortgage rates is that both should become more favorable over the course of the year. As Danielle Hale, Chief Economist atÂ Realtor.com,Â says:

â€œMortgage rates will continue to ease in 2024 as inflation improves . . .â€

Thereâ€™s even talk the Fed may actually cut the Fed Funds Rate this year because inflation is cooling, even though itâ€™s not yet back to their ideal target.

The 10-Year Treasury Yield

Additionally, mortgage companies look at the 10-Year Treasury Yield to decide how much interest to charge on home loans. If theÂ yield goes up, mortgage rates usually go up, too. The opposite is also true.Â AccordingÂ toÂ Investopedia:

â€œOne frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10-year Treasury bond yield.â€

Historically, the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate has been fairly consistent, but thatâ€™s not the case recently. That means, thereâ€™s room for mortgage rates to come down. So, keeping an eye on which way the treasury yield is trending can give experts an idea of where mortgage rates may head next.

Bottom Line

With the Fed meeting later this week, experts in the industry will be keeping a close watch to see what they decide and what impact itâ€™ll have on the economy. To navigate any mortgage rate changes and their impact on yourÂ moving plans, itâ€™s best to have a team of professionals on your side.

Danielle Edwards, Charlotte Real Estate agent stresses the fact that buyers need to be preapproved and know all their options.Â Understanding the process is key.Â Â Danielle was featured on the TV SHOW First-Time Hombuyers and it is a great glimpse into HOW she helps buyers have a great experience.

Top Charlotte Real Estate Agent

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

Payment Myths First-Time Homebuyers

February 27, 2024 by Danielle Edwards

Dispelling Down Payment Myths for First-Time Homebuyers

Embarking on the journey to purchase your first home can seem overwhelming, particularly when it comes to saving for the various expenses involved, notably the down payment. You might have heard the common belief that you need to set aside 20% of the home’s purchase price for the down payment. However, this isn’t always the case.

Unless stipulated by your loan type or lender, it’s typically not obligatory to provide a 20% down payment. This means you could be closer to achieving your dream of homeownership than you realize.

As stated by The Mortgage Reports:

“While putting down 20% to avoid mortgage insurance is advisable if feasible, it’s a misconception that this is always mandatory. In reality, most individuals opt for a significantly lower down payment.”

According to data from the National Association of Realtors (NAR), the median down payment hasn’t exceeded 20% since 2005. In fact, for all homebuyers today, it averages only 15%, with first-time buyers typically putting down just 8% (see graph below):

Exploring Available Resources to Aid Your Homebuying Journey

In addition to down payment assistance programs, such as the over 2,000 programs offered across the U.S. according to Down Payment Resource, various loan options can provide support. For instance, FHA loans allow down payments as low as 3.5%, while VA and USDA loans have no down payment requirements for eligible applicants.

To uncover what you qualify for, consult with your loan officer or broker. They are knowledgeable about local grants and loan programs that can assist you.

Don’t let the misconception that a 20% down payment is mandatory hinder your progress toward homeownership. Rely on professionals to help you discover resources that can turn your dreams into reality. Waiting until you’ve saved 20% may actually be more costly in the long term. According to U.S. Bank:

“There are numerous reasons why achieving a 20% down payment might not be feasible. For some, delaying until they’ve saved up 20% may incur too much time. While you’re saving for your down payment and paying rent, the price of your future home may increase.”

Home prices are projected to continue rising over the next 5 years, meaning delaying your purchase could result in a higher purchase price. Leveraging available resources to buy now allows you to benefit from future price appreciation, building equity rather than incurring additional costs.

Check out the journey of a first-time homebuyer as they navigate the real estate market with REMAX agent Danielle Edwards, in the insightful TV show segment.

In Conclusion

Remember, you don’t always require a 20% down payment to purchase a home. If you’re considering making a move this year, let’s connect to initiate discussions about your homeownership goals.

Top Charlotte Real Estate Agent

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

Today’s Real Estate Market is Ideal for Business

February 27, 2024 by Danielle Edwards

More Choices, Less Stress

Why today’s real estate market is ideal for business? Ever felt like your current place just doesn’t fit anymore? Whether it’s too big, too small, or just not meeting your needs, you’re not alone. Luckily, with a 15.6% increase in homes for sale compared to last year, you’ve got more options than ever. That means less stress finding your dream home. And hey, if you’re worried about the selection, don’t be! Working with a local real estate agent keeps you in the loop on what’s out there.

Less Competition, More Attention in Charlotte, NC

Now, you might be thinking, “Sure, more homes on the market means more competition, right?” Not so fast. Despite the bump in inventory, we’re still down nearly 40% from 2019 levels. According to experts, we’ve got a ways to go before hitting pre-pandemic levels. Translation? Your home, priced right and marketed well, will stand out in the crowd. With eager buyers on the lookout, you might just find yourself closing the deal faster than you think and witnessing firsthand that today’s real estate market is ideal for business.

How This Benefits You When You Sell

More Flexibility for Your MoveConsidering selling because your current place doesn’t quite fit the bill anymore? Whether it’s too spacious, too cozy, or simply not meeting your lifestyle needs, you’re not alone. With a noticeable year-over-year increase, you now have a broader range of options for your next home. This means your search might just become a tad easier.If you’ve been hesitating to sell out of fear of not finding a new home that suits your preferences, worry no more. Teaming up with a local real estate expert ensures you’re in the loop about the available properties in your area.
Minimal Competition for Your SaleWhile there’s a bump in the number of homes up for grabs, it’s still not quite back to pre-pandemic levels. According to insights from Calculated Risk, we’re still lagging nearly 40% behind 2019 figures. Closing this gap won’t happen overnight. As a recent Realtor.com article points out:

“The number of homes for sale and new listing activity continues to improve compared to last year. However, the inventory of homes for sale still has a long journey back to pre-pandemic levels.”

What does this mean for you? Well, with the right pricing strategy guided by an agent, your property is likely to attract significant interest from eager buyers and could sell swiftly.

Wrapping It Up

So, if you’ve been on the fence about selling your Charlotte home, now’s the time to hop off. With more options for your next move and less competition for your current digs, it’s a win-win situation. Ready to make a move? Let’s chat and get the ball rolling!

Top Charlotte Real Estate Agent

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

MARKET UPDATE FOR ZIP CODE 28226

February 27, 2024 by Danielle Edwards

Market Update for Zip Code 28226: South Charlotte Real Estate Insights

28226 South Charlotte Video Market Update Quarter One 2024

Latest Trends in South Charlotte Real Estate Market

Exploring the Dynamics

In this market update for zip code 28226, we delve into the dynamics of the South Charlotte real estate landscape. TopÂ RE/MAX agent Danielle Edwards provides insights into the current scenario.

Supply and Demand Analysis

Supply and demand dynamics take center stage in the South Charlotte/South Park area. With inventory levels at less than a month’s worth, the market offers promising prospects for both sellers and buyers alike in Charlotte, NC.Spring Season Surge: Buyer Activity Intensifies

As we approach the spring real estate season, buyer activity is intensifying, indicating a potential surge in market activity. Whether you’re considering buying or selling property in Charlotte, now is a crucial time to stay informed and make well-informed decisions.

Strategizing in the Competitive Market

Moreover, with the influx of buyers and the limited inventory, competition is expected to heat up in zip code 28226. It’s imperative for both sellers and buyers to strategize effectively to navigate this dynamic market successfully.

External Factors at Play

Additionally, factors such as interest rates, economic conditions, and government policies play a significant role in shaping the real estate landscape. Keeping abreast of these developments is essential for making informed decisions.

Conclusion: Expert Guidance Matters

In conclusion, the real estate scene in zip code 28226 is set for robust activity in the upcoming months. Whether you’re a seller looking to capitalize on the market demand or a buyer seeking to find your dream home, expert guidance can make all the difference. Reach out to us for personalized assistance in navigating the South Charlotte real estate market.

Stay tuned for all updates! Follow us on social media, Facebook, Instagram and YouTube.

Explore 28226 Today

View available spec homes LIVE in this link.

Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

Charlotte Real Estate Agent
Danielle Edwards, Hall of Fame, Diamond Award Team,

2023 Community Luminary of the Year

Olde Providence Elementary Advocate/Sponsor

OP PTA Board member

Selling Charlotte since 2006

danielleedwards@REMAX.net

Information from Canopy MLS.

Charlotte Real Estate Market Update 2024

February 12, 2024 by Danielle Edwards

Charlotte Real Estate Market Update

Is 2024 the time to buy?

Charlotte Real Estate Market Update

As a real estate agent deeply ingrained in the Charlotte market, I’ve delved into the latest insights provided by the Charlotte Business Journal, which have been meticulously derived from Canopy MLS data. These findings shed light on the shifting dynamics within our local housing landscape, offering valuable perspective for both buyers and sellers alike.

The analysis encompasses a comprehensive range of residential properties, including single-family homes, condominiums, and townhouses. To provide a holistic view, the data not only examines year-over-year changes but also incorporates pre-pandemic figures from 2019, allowing for a more nuanced comparison.

Before delving into the specifics, it’s worth noting that one ZIP code, 28104, has been excluded from the analysis. This decision stems from its limited geographical presence within Mecklenburg County, coupled with the relatively modest number of home salesâ€”less than 100â€”in 2023.

Which Charlotte zipcode saw the biggest decline?

Among the standout revelations, ZIP code 28203 emerges with the most significant year-over-year decrease. This area, encompassing the upscale neighborhoods of South End and Dilworth, experienced a notable 36.8% decline in sales, dropping from 302 in 2022 to 191 in 2023. Moreover, sales in 28203 plummeted by 42.5% compared to pre-pandemic levels in 2019.

Following closely behind are ZIP codes 28078 and 28202, both witnessing a substantial 36.7% decline in sales. In the vibrant community of Huntersville (28078), home sales decreased from 1,456 in 2022 to 922 in 2023. Meanwhile, uptown’s 28202 saw sales dwindle from 362 to 229 during the same period.

Additional ZIP codes experienced declines of at least 30%, including 28217 in southwest Charlotte and 28204 in the Elizabeth area. Notably, 28217 stands out as the lone ZIP code in Mecklenburg County to buck the trend, witnessing a remarkable 31.9% increase in home sales compared to 2019.

In terms of overall sales volume, ZIP code 28269, situated north of center city toward Highland Creek, claimed the top spot with 1,138 closings in 2023â€”the only ZIP code in Mecklenburg County to surpass the 1,000 mark. Conversely, 28204 recorded the fewest closings at 120.

These findings underscore the broader narrative of a cooling housing market in 2023, characterized by constrained inventory and escalating affordability challenges attributed to rising interest rates and sustained price appreciation over the years.

Across the Charlotte region, home sales dipped by 17.3% in 2023, falling to 41,546 closings from 50,222 in the preceding yearâ€”a notable departure from the 50,854 sales recorded in 2019. In Mecklenburg County specifically, there were 15,326 closings, marking a substantial 20% decline from 2022 and a significant 26.4% decrease from 2019.

For a detailed visual representation of how home sales fared across Mecklenburg County in 2023 compared to both 2022 and 2019, refer to the accompanying infographic below. This comprehensive breakdown, organized by ZIP code and sorted in descending order of percentage decrease, offers valuable insights into the evolving dynamics of our local real estate landscape.

Charlotte Buyers – Real Estate 2024

What does this mean to you? Since rates have slowly started to drop we have seen buyers come out of the woodwork to prepare to try to buy a home again. Experts are saying between now and the beginning of April you can take advantage of incentives, less chance of bidding wars, and negotiate other terms.

Charlotte buyers love screen porches

Â “Just-Right” Charlotte Homes beating the stats

Move-in Ready
Great schools/location
Close to greenway
Offering closings costs for rate buy-down
Screen porch, End-Unit, Pool, Cul De Sac
New/Like new HVAC, Roof, Windows, Siding

Charlotte Homes that are not winning

Homes that are outdated
Topography issues
Road Noise
Less desirable schools
Neglected repairs
Cost of updates both cosmetic and mechanical not considered when listed

Charlotte’s real estate market in 2024 is going to be a game changer.Â No longer can you just put your home on the market and sit back and watch the money roll in.Â Top experts are saying this is the year our value will stand out more than ever.

Got real estate questions?Â Let’s talk!

Top Charlotte Real Estate Agent

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

Information by Jenna Martin and Canopy MLS.

Pineville, NC Home for Sale

January 25, 2024 by Danielle Edwards

Pineville, NC Home for Sale – Traditions Park

Discover this Pineville, NC home for sale nestled in the charming Traditions Park neighborhood.

Offering an ideal blend of convenience, cultural attractions, and modern features, this property provides a remarkable opportunity for buyers seeking a comfortable and stylish living space in Pineville, NC.

Convenience and Cultural Attractions

Explore the vibrant lifestyle of Pineville, NC, with easy access to Downtown Pineville’s bustling community and diverse offerings. Pineville boasts a thriving culinary scene, perfect for food enthusiasts. Additionally, the newly constructed library reflects the town’s commitment to education and community engagement. Nearby attractions such as “Lake Park,” renowned for its natural beauty, provide abundant opportunities for outdoor recreation and leisure activities.

Modern Interior Features

This Pineville, NC home impresses with its modern interior features. The newly renovated kitchen boasts tile floors, granite countertops, and a gas range, creating a stylish and functional space for culinary enthusiasts. The main-level home office offers versatility, doubling as a guest room when needed. The dining room exudes elegance with wainscotting and privacy windows, providing an inviting atmosphere for shared meals and gatherings.

Dynamic Community Living

Immerse yourself in the dynamic community of Pineville, NC, with this exceptional home for sale in Traditions Park. Offering a perfect combination of convenience, culture, and modern living, this property embodies the essence of Pineville’s vibrant lifestyle. Don’t miss out on the opportunity to make this Pineville, NC home your own – schedule a showing today!

Explore Pineville Today

View available spec homes LIVE in this link.

: Porch

: Dining Room

: Family Room

: Kitchen

: Kitchen

: Primary Bedroom

View full listing photos from the MLS site here.

Reach out to us, and we’ll be delighted to assist you in finding your dream home. Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube.

Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

Olde Providence Home for Sale

October 5, 2023 by Danielle Edwards

Â Olde Providence- Best Places to Live Charlotte – NC

Presented by: Danielle Edwards

Olde Providence- SOUTH CHARLOTTE

#1 rated Elementary School by Charlotte Observer is just the beginning on why this home is a winner.Â Â Whether you need schools or not, the location of 3224 Rea Rd gives you everything you need from a convenience stand point.

Welcome to this charming 1.5-story single-family home with three bedrooms, located in a quiet and family-friendly neighborhood. This home is perfect for first-time homebuyers, small families, or anyone looking for a cozy and comfortable place to call home.

As you enter the home, you are greeted by a spacious living room with hardwood floors and a large window that lets in plenty of natural light. The living room is perfect for relaxing with family and friends or enjoying a quiet evening at home.

The kitchen is fully equipped with stainless steel appliances, granite countertops, and an island that provides additional counter space and seating. The kitchen is open to the living room, making it a great space for entertaining guests.

The second floor of the home features three bedrooms and one bathroom. The master bedroom has its own private bathroom and walk-in closet. The other two bedrooms are well-sized and share a full bathroom.

The backyard is a great space for outdoor entertaining. It features a large patio, a BBQ area, and a grassy lawn. Homeowners added a new 6ft privacy fence, which is great for pets and … privacy!

Click here for full MLS details on the home marketed by Danielle Edwards

SOUTH CHARLOTTE LOCATION!

This home is located in a desirable neighborhood of Olde Providence, close to schools, parks, and shopping. It is also just a short drive to the highway and downtown area.

Backyard enthusiasts, this South Charlotte home will not disappoint! Situated on .62 acres, this full brick beauty is perfect for someone wanting a 3-bedroom home with dedicated office space!

Primary bedroom on the main level that overlooks your private treelined yard. You will spend most of your time on the screened porch featuring vaulted wood slat ceilings, a ceiling fan, recessed lights, and a tin roof! Enjoy your hot tub this winter with complete privacy with your 6 FT fence! Brick statement firepit will be ready for you this.

Winter season to entertain with friends. Home features, irrigation, wired landscape lighting, new HVAC 2022 with damper system installed for separate zoning for both floors/ Google Nest Thermostats, and closet organization. Join Olde Providence Swim and Racquet Club, and walk to Olde Providence Elementary! 2024 High School in Providence, 2023-24(CURRENT) Myers Park HS. Excellent location for all the things that make Charlotte the Queen City!

: Olde Providence Home For Sale

: Charlotte buyers love screen porches

Homes in this area do not come on the market frequently.Â This 28226 area is surrounded by older homes exuding Southern charm and million-dollar mansions.Â What is popular about the Olde Providence area is that most homes have great-sized lots.

For more information on my listing or living in the Charlotte area, please reach out my team, and I are happy to assist you and point you in the right direction.

Contact Danielle EdwardsÂ for information on Charlotte, NC, real estate.

Search other listings in 28226

Charlotte REMAX AGENT

Charlotte RealtorÂ® Danielle Edwards has been helping clients with their real estate needs since 2006.

Danielle Edwards

Charlotte Real Estate

704-276-6882

Realtor, REMAX EXECUTIVE

Contact Me & Bio

Search other listings in 28226

Danielleedwards@remax.net

Check out our 5 Star Google Reviews

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. â€” 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. 2022â€™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.Â Sales included in this report, come from Canopy MLSÂ 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 RealtorÂ® Association/Canopy MLS and RealtorÂ®/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 activityâ€”which is a proxy for seller activityâ€”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 doesnâ€™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.Â List to close averaged 77 days last year compared to 73 days in 2021. The metric that accrues for â€œActiveâ€ and â€œUnder-contract-showâ€ statuses, showed homes averaged 22 days on market in 2022. It was compared to 19 days on market in 2021.Â 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 RealtorÂ® Association owns and operates Canopy MLS, the regionâ€™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 RealtorsÂ® 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!

Back on the Market Townhomes Charlotte – Galloway Park

January 27, 2023 by Danielle Edwards

Townhomes Charlotte

BACK ON THE MARKET New Townhomes Charlotte for Sale – Galloway Park

1408 Galloway Park Road, Charlotte, North Carolina

Let’s check out this Charlotte listings townhome stats!

Price: $370,000

Address: 1408 Galloway Park Road

City: Charlotte

State: North Carolina

ZIP: 28262

MLS #: 3936290

Square Feet: 1,742

Bedrooms: 3

Bathrooms: 2.5

Built: 2021

Additional Features:Â

It has an exciting neighborhood features, amazing view, an overlooking terrace and a perfect home for you!

Living in Charlotte, NC – 28262 more information on – Townhomes Charlotte

If you’re looking forward to buying a new construction home, this isÂ townhome is exactly what you’re looking for! Be astounded with our newest REMAX listing on the market. This stunning end-unit-corner lot facing treed lot has been barely lived in and will definitely meet all your standards. It has a majestic Iron-stair case spindles, Primary bath expanded shower, Smart home thermostat, alarm and door locks! In addition to this, it has a Top Level kitchen upgrades with 5-burner gas stoves for you to have a wonderful cooking experience! Our kind sellers added some fancy stuff like the new swanky fan in the family room and a 2-inches faux wood blinds. You’ll never get to worry about supply chain issues to get your SS refrigerator and washer and dryer too!

Here’s a more interesting fact :

It’s only a few blocks away from Trader Joes, and UNC-Charlotte!Â Definitely a great catch! You will love the Charlotte restaurants and the quick access to make your way home.Â This Charlotte NC location is a 10!Â Most Charlotte townhomes are older in this area.Â So finding something this new is a score!Â Townhomes are great because you don’t have someone living above you.

If you are new to the Charlotte, NC area this area is just North of Uptown Charlotte.Â Home prices tend to be slightly less than what you will find in South Charlotte.Â Living in this area is great for easy access to the Charlotte area and shopping is just around the corner.

Check out the location on the map: