Has Charlotte Luxury Real Estate Market Peaked?
Not yet…but growth is slowing and even negative in some locations/price points. Below are 6-month Luxury ($500K+) results for Charlotte, Union County and Lake Norman by 2 measures: 1. # of Luxury Homes Sold, 2. $ Sold Per Sq Ft
1. # OF LUXURY HOMES SOLD
# of Charlotte Luxury Homes Sold Sales increased 6% from 871 to 900
All 3 Charlotte Luxury segments grew:
- $1- $2M segment led the way – jumping 19% to 191 sales.
- $500K – $999K grew 3% tempered by relatively low home supply of 4 months.
- $2M+ grew a healthy 10% with 34 closings – an all-time high.
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Curious about the Current Market Condition in Myers Park?
I’d enjoy providing you with any information about the market in your neighborhood and the home selling process so that you can make the most informed decision about how to proceed.
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