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Charlotte, NC Real Estate News

By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
SouthPark Market Report - SEPT 2023  SouthPark is a prestigious address that offers wonderful proximity to everything Charlotte. We have something for everyone here in this wonderful community. Read more about SouthPark neighborhoods here. Three zip codes make up the SouthPark area including 28210, 28211 and 28226. There is a small area of SouthPark (in which Barclay Downs is located) that is located in zip code 28209 (not included in this data due to skewing with the inclusion of Myers Park in the 28209 zip code). Here is the link to the Barclay Downs housing report for this month.  To pinpoint the SouthPark area by map, click the map below:   SouthPark home sales continue to reflect that our community remains a hot spot to land when moving to the Charlotte Metro area! Here are the lat...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Royden (SouthPark) Market Report - SEPT 2023 This popular luxury neighborhood, situated in the heart of SouthPark, is approximately 2 miles from Quail Hollow Country Club, nearby Carmel Country & Myers Park Country Clubs and Cedarwood Golf Club is within close proximity as well.  Of course, if you’re into shopping and dining at fine restaurants, you will love the location, near SouthPark Mall and the mall’s surrounding fabulous restaurants.   Royden residents also enjoy the convenience of the Arboretum and it’s central location to all of Charlotte’s premier private schools.  This neighborhood boasts top-ranked public school assignments as well. How’s the market faring in popular Royden neighborhood?   The average price per square foot in Royden is $324.    Average days on the market in ...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Market Report SEPT 2023 - How's the Real Estate Market in Providence Springs?   Providence Springs, being a community of only 128 homes, typically does not have a large selection of homes on the market - low turnover year-after-year.  Some years, there are more relocation sellers than others and we are seeing a bit of a slow down in the relocation business this year. The economy continues to recover, as our Providence Springs market improvements continue to show.  If you're a buyer, interested in a fabulous, neighborly community on the NORTH side of Highway 51 in a great school zone, visit www.ProvidenceSpringsInfo.com for more information on this popular Charlotte luxury community.  We know that you won't be disappointed!Here are the current real estate market stats for Providence Spri...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
HELLO OCTOBER! WHO DOESN'T LOVE OCTOBER!OCTOBER IS ALSO A GREAT MONTH TO BUY OR SELL A HOME! "In the entire circle of the year there are no days so delightful as those of a fine October, when the trees are bare to the mild heavens, and the red leaves bestrew the road, and you can feel the breath of winter, morning and evening—no days so calm, so tenderly solemn, and with such a reverent meekness in the air." ... Alexander Smith It's October 1st! Doesn't it seem everyone loves the month of October and looks forward to it? When I think of October I think of growing up in New York City and living there for many years of my adult life. I always said it was the most beautiful month of the year in New York... crisp, cool days with blue skies, changing colors in Central Park, the feeling in th...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
CALLING ALL COFFEE-HOLICS!IT's NATIONAL COFFEE DAY: SEPTEMBER 29WAKE UP AND SMELL THAT COFFEE! "I can't imagine a day without coffee! I can't imagine!" ... Howard Schultz  What's more luscious than waking up to the smell of fresh brewed coffee?  September 29th is a special day for coffee lovers and admitted coffee-holics! That's me! It's National Coffee Day!  National Coffee Day  happens to be one of my two most favorite "food related" days of the year (the other being World Chocolate Day). Click for THE ULITMATE GUIDE TO DIFFERENT COFFEES.   For all the "coffee-holics" out there (and I'm unabashedly one). I firmly believing that coffee should be its own food group. National Coffee Day is a great reason to go out and celebrate with an extra cup or two of coffee! As far as I'm concerned,...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Unlocking the Door to Your Belmont Dream Home: Exclusive Open House Event This Weekend!SATURDAY, 9/30 1:00 - 3:00PM1617 Allen Street | Charlotte, NC 28205  Open House Alert: We Have Found Your Dream Home in Belmont, Charlotte! If you've been on the hunt for your dream home, we've got some exciting news for you. We're hosting an Open House for a property that is nothing short of a slice of paradise, right in the heart of Belmont—one of Charlotte's most charming neighborhoods! Why Is This Home is a Must-See?From the moment you step onto the rocking chair front porch, you'll feel a sense of warmth and welcome that's hard to find. But that's just the beginning! Venture inside, and you'll be greeted by impeccable craftsmanship at every turn. From the box-beam ceilings to the site-finished ha...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 ASK A STUPID QUESTION DAY IS TODAY, SEPTEMBER 28TH!THIS IS YOUR CHANCE TO ASK THAT STUPID QUESTION YOU'VE ALWAYS WANTED TO ASK!  "He who asks is a fool for five minutes, but he who does not ask is a fool forever." Mark Twain Is it stupid to ask how many people don't know today, September 28th is Ask A Stupid Question Day? Because today is a day that "gives you permission" to ask a stupid question(s) without fear of ridicule, why not take the opportunity today to ask all those burning questions you've always wanted to ask, but were afraid to ask because you didn't want any one to think you're stupid? "Don't be afraid to ask the dumb question. Everyone else will be relieved you had the guts to ask."... Sheryl Sandberg HOW DID ASK A STUPID QUESTION DAY COME ABOUT?Are you thinking it might...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
COMING SOON IN CHARLOTTE'S HOT, HISTORIC COMMUNITY - BELMONT Welcome to a slice of paradise right in the heart of Belmont—arguably one of the most charming neighborhoods around! From the moment you step onto the cozy rocking chair porch, you'll know you've arrived somewhere special. The exterior is a storybook craftsman, radiating warmth and curb appeal you have to see to believe.Step inside to experience craftsmanship that's second to none. Check out those box-beam ceilings and the hardwood floors that run seamlessly throughout! This home is a feast for the eyes, but it's also fabulously functional. The open-concept kitchen is a chef's dream—decked out with stainless steel appliances, a large granite island for casual dining, and a spacious area for more formal feasts. Looking for conv...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
The Dish on Charlotte: Exploring the Booming Foodie Scene  🍽️👑🍔🌮🍱🍕 Relocating to Charlotte? We’ve shared countless reasons across the internet about our beautiful city. From Why Charlotte? to a multitude of school information, Charlotte Douglas International Airport, arts & culture as well as sports and more.  On this beautiful Charlotte day (oh yes, the weather is a BIG draw to our area!), let’s talk FOOD...another BIG draw to our world-class city!  One of the many things we believe you will love about our area is the incredible culinary experience that is sure to win your heart! So buckle up, because our local food scene is nothing short of spectacular!From healthy food to fine dining, the Queen City has no shortage of culinary options. The likes of Luna’s Living Kitchen serve vegan b...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Parkwood Knoll (Myers Park) Market Report SEPT 2023Parkwood Knoll, an attractive, full-brick complex located in the ever-popular Park Road/Myers Park area of Charlotte, is your premier destination for luxury condos. As we round out the third quarter of 2023, we are seeing a slightly downward trend in sales prices and with no sales this last quarter, there hasn’t really been any change in the community. Additionally, the community’s days on the market has held steady, averaging only 31 days. In order to give you a more clear understanding, a few key details are below. You'll find the average sales price, the average number of days on the market, the ratio of list-to-sales price, as well as the current inventory status. Please note - the charts below aren't just static graphs; they are fu...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 G'MAR CHATIMAH TOVAH"Yom Kippur is God's way of allowing us to 'recalculate' the course of our lives."... Shimon Apisdorf  "God has given us the choice between life and death, blessing and curse. Therefore, choose life!"... Rabbi Debra Orenstein Tonight, sundown marks the start of Yom Kippur, the Jewish Day of Atonement and the holiest day of the Jewish year. I'm sending warmest wishes to my Jewish friends, clients, and colleagues on this most solemn of days of the Jewish calendar, marking the end of the 10 high holy days, which began with Rosh Hashanah on September 15th. I wish you and your nearest and dearest many blessings, mercy and inner peace on Yom Kippur and in the coming year. May the Lord always lead you on the path of righteousness and divinity.  May all your Prayers be hear...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
CLT: A Mecca for Art Lovers & Sports Fans Alike 🎭🏈  Thinking of relocating to Charlotte, North Carolina? We’ve shared countless reasons across the internet about our beautiful city. From Why Charlotte? to a multitude of school information, Charlotte Douglas International Airport and more.  On this beautiful Charlotte day (oh yes, the weather is a BIG draw to our area!), let’s talk arts & culture as well as sports - two more big draws to our world-class city.  You could spend a lifetime in Charlotte and still discover something new and exciting in the arts and culture scene. Think of our art museums as global journeys, just a short drive from your doorstep, showcasing pieces from artists around the world. When it comes to the stage, whether you're into local theater or Broadway-level pr...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Myers Park Charlotte Real Estate Market Report SEPT 2023Daily, we are asked, "So, how's the real estate market doing in Charlotte?"Quite often, we are asked specifically about our well-known, popular, historic communities, including Myers Park.   Myers Park is one of Charlotte's communities that continuously stands the test of time when it comes to housing appreciation. Even as the city endured the days, weeks, months, years of The Great Recession, Myers Park was one of the neighborhoods that didn't feel the depth of depreciation/devaluation that many of the Charlotte neighborhoods experienced.  In 2023, the Myers Park real estate market continues to be in demand to both relocation buyers and to those moving within the area. Below is the current market snapshot of the Myers Park neighbo...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Montibello (SouthPark) Market Report SEPT 2023Montibello is one of SouthPark's crème de la crème subdivisions when it comes to residential communities! Home to 571 elegant, custom-crafted residences, this neighborhood boasts spacious lots, heavily peppered with mature trees and lush greenery, creating an incredibly inviting streetscape. Let's talk location—you couldn't ask for better convenience. Living in Montibello puts you just a hop, skip and a jump away from shopping havens like SouthPark Mall and Phillips Place. Plus, you're a quick 15-minute drive to both Uptown Charlotte and Ballantyne. SouthPark is truly at the heart of everything Charlotte! And here's the cherry on top: Montibello is zoned for some of Charlotte's highest-rated public schools and is a stone's throw away from th...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
CHARLOTTE REGION REAL ESTATE REPORT: AUGUST 2023WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Inventory Down | New Listings Down | Sales Down | Prices Up  August 2023 home sales declined in the 16-County Charlotte Region year-over-year, as did pending sales. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022.  By the same token, closings increased month-over-month from July and contract activity remained steady. Although home buyers remain frustrated by fluctuating rates, lack of new inventory, rising home prices, and economic uncertainty it does appear that buyers are adjusting to the higher interest rate environment.   The Charlotte market has stopped seeing large fluctuations in sales and prices, which indicates the market is slowly moving t...
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By Carolina Buyers Agent, We Specialize in Buyer Representation Only!
(Carolina Buyers Agent)
Why Charlotte Housing Inventory Remains Stubbornly LowWhy does Charlotte have one of the worst housing supply shortages in the country? The short answer is low supply and heavy demand. Lee Allen, the president of Charlotte’s Canopy Realtor Association notes that while demand for Charlotte real estate remains high, local builders simply cannot keep up. As Allen puts it, “As a result, we are a million and a half homes short of inventory to meet with the buyer demand.”That’s the reality, despite many factors at play that tend to cool down the market. The Federal Reserve has boosted interest rates. Freddie Mac reports that the current rate on a 30-year mortgage remains above 6.5%, the highest in twenty years. However, not only do higher rates pressure many potential buyers to hold off on ma...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on Charlotte Region's luxury homes market...What happened in August 2023... What you need to know now...  Charlotte Region single family luxury home market more than held its own in August 2023: Luxury home sales Charlotte Region in August saw average and median home sale prices increase from from July and June 2023. Pending sales declined, while closed sales increased year-over-year and month-over-month. Median days on market were just eight. Average days on market declined from July 2023 and increased by just two days from August one year ago. Median list to sale price ratio was 98.6%. New listings increased 9.8%. Inventory declined 6%. Months supply of inventory declined 0.4 months year-over-year to 3.1 months, keeping luxury home sellers in the "driver's seat" in the Cha...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Destination Excellence: CLT ✈️If you're flying in or out of Charlotte, you're in for a treat—at least compared to other large airports! Charlotte Douglas International Airport (CLT) is truly exceptional.Ranked among the world's top 10 most connected airports, it also serves as American Airlines' second-largest US hub (second to Dallas, the #1 AA hub). In 2022 alone, the CLT airport welcomed 47.7 million passengers and processed over 200,000 tons of cargo. Looking for non-stop flights? CLT has you covered with 180 of them, including more than 35 international destinations. The best part for those residing here? Charlotte Douglas International is only a 15-minute drive from the heart of Uptown. The Wall Street Journal even recognized it as one of the most convenient large airports in the ...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Ballantyne – Blakeney Neighborhood Market Update SEPT 2023– MITCHELL GLEN Popular South Charlotte neighborhood in top-ranked school zone offers wonderful amenities with LOW HOA DUES. Amenities include recreation area, playground and pond. Sales in Mitchell Glen continue to show an incredibly strong market. Average sales prices remain some of the strongest in the area. Days on the market are just 5 days and there are currently no homes in Mitchell Glen that are actively being marketed - no active, coming soon listings or any currently in Escrow at the moment.Here is the Ballantyne – Blakeney Neighborhood Market Report from August, 2023 final data -  MITCHELL GLEN: Current Average Sales Price in Mitchell Glen ($551,500)  Mitchell Glen's Average Days on the Market - 44  Average List-to-Sal...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 IT'S FALL FESTIVAL SEASON IN CHARLOTTECHARLOTTE FESTIVALS THIS WEEKENDYou just know fall is in the air when Charlotte's festivals start popping up. This coming weekend is no exception! Here are three Charlotte traditions when it comes to fall festivals. The Festival in the Park is celebrating its 59th anniversary; the Festival of India is celebrating its 27th anniversary; Mecktoberfest is going strong after 14 years. FESTIVAL IN THE PARK: September 22-24A true Charlotte tradition, Festival in the Park in Freedom Park has been bringing good music, good art and good times to Charlotteans since 1964! That's 59 years, if you're counting! You'll have three days to enjoy the Festival in the Park.FRIDAY, SEPTEMBER 22, 2023 4:00 PM – 9:00 PMSATURDAY, SEPTEMBER 23, 2023 10:00 AM – 9:00 PMSUNDAY...
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