How’s the Real Estate Market in Charlotte?
We’re often asked how’s the real estate market?
It’s still strong and we’re riding an 8-year positive cycle:
- Price Per Sq Ft Up 6% in the last 12 months, the strongest price appreciation since June 2017 according to NAR.
- Number of Home Sales Up 3% (and would be higher but not enough homes for sale to satisfy demand).
- Home Supply is Very Low at 3 months – Unmet Buyer Demand, so if you’re considering Selling, Now is a great time.
- 98.6% of Homes Sold were homes under $1M
- Luxury ($1M+) Home Supply is High (except for a few areas like Myers Park and Foxcroft). Great Opportunity for Luxury Buyers with lots of Motivated Sellers
- Below chart breaks out the results by price range .
Interested in value of your home in today’s market or your neighborhood results? … Just reach out to me for a complimentary, no obligation market valuation.
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Please watch our video “Welcome to Charlotte” to learn more about living here and all it has to offer.
Maximizing Your Home Selling Outcome
Maximizing Your Home Selling Outcome depends on more variables than just evaluating trailing sold comparable homes:
- What should you do (and not do) to prepare your home for sale?
- How does your home’s condition, setting and appeal compare with current competition and recent sales?
- How do you market your home to the widest audience?
Get your home ready for the marketplace
Often the first step in selling your home is making sure it’s ready to sell. Some sellers rush a home onto the market without properly preparing it for the public. By considering improvements you may need to make early, expect to save yourself headaches and net more money from your sale.
The work that you should do depends largely on the price you intend to ask, the market condition in your price range/location, the timeframe you want to sell, and the current condition of your home. If your house is in good condition and you’re pressed for time, do the small things that can make a big cosmetic difference. New paint, re-grouted tile in the bathroom and kitchen, new carpet in the major traffic areas – these are the kinds of things that can be relatively inexpensive – and important to buyers.
As far as major projects, avoid making improvements that may come down to a matter of taste. Most buyers will appreciate newly tiled bathroom floors but may not be swayed by an expensive swimming pool in the back yard or the color of the new hardwoods just picked out.
Make sure that the investment in time and money you make for any project will be recouped in the sale of your house.
I’ll help you evaluate which improvements are worth your investment. Just reach out to me…I’ll be glad to help