Charlotte, NC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 HUG YOUR CAT DAY: JUNE 4THBE SURE TO GIVE YOUR CAT AN EXTRA HUG OR TWO TODAY! "Time spent with cats is never wasted."... Sigmund Freud Today is Hug Your Cat Day... it's a purr-fectly paw-some day to show your feline babies some extra love! That's not to say that those of us who live with and love our cats ever really need an excuse to show our fur babies love and give them an extra hug or two. "Until one has loved an animal, a part of one's soul remains unawakened."... Anatole France Have you heard? Hugging and cuddling a cat is good for your health! It helps alleviate negative moods, reduces stress levels, and engenders calm. I know that's true for me when I hug my cat. I don't wait until Hug Your Cat Day to hug my cat... Mr. Marlow gets hugs every day all year long."What greater gift...
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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 May 2023...  YEAR-OVER-YEAR TRENDS IN THE LUXURY HOME MARKET IN CHARLOTTE REGIONThe luxury homes market in Charlotte saw a 10.1% increase in new listings year-over-year after decreasing in April 2023. Inventory increased year-over-year by 20.3%. The months supply of inventory increased from 2.7 months one year ago to 3.1 months. Median home sale price increased 2.2%, while average home sale price increased 7.9%. Closed sales increased 8% in May 2023 versus the same month one year ago. Median list to sale price ratio decreased 2.3% year-over-year, but was still 100%. Buyer foot traffic decreased 10.1% from 7.9 showings per home to 7.1 showings year-over-year. Median days on market were just four in May, one day more...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Taste of Charlotte Festival 2023 Returns June 9-11EAT... MEET... DRINK... PLAY...   Taste of Charlotte, has been one of Charlotte's most popular annual food, wine and beer festivals since 1998. It returns this  coming Friday, June 9th and runs through Sunday, June 11th. The event takes place from 11:00 am till 11:00pm on Friday and Saturday, and from 11:00 am till 6:00 pm on Sunday. And don't forget to bring the whole family on Sunday as Sunday is Family Fun Day at the Taste of Charlotte Festival. Taste of Charlotte is a 3-day festival featuring samples from area restaurants along with  live music, interactive children’s activities, performances, and unique shopping at the local artisan MarketPlace. Taste of Charlotte takes place at Truist Field (home of the Charlotte Knights baseball f...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Summer Is The Most Dangerous Season For Pets!Tips To Keep Your Pet(s) Safe All Summer LongAlthough, Summer has not yet "officially" arrived, in Charlotte it's arrived for all intents and purposes. This past week we've seen our temperatures reach the mid-80's. We expect to see high 80's in the coming days and week.  We are talking about a weather forecast that is HOT, HOT, HOT! If it's hot for us humans, it's HOT, HOT, HOT for our pets. Pets are more at risk in the summer months than any other time of the year. How hot is too hot for your pet? Touch your hand to the ground for 5 seconds.  If it's painful or uncomfortable for you, it's too hot for your pet's paws. ASPCA's infographic below points out the 5 Summer Dangers For Pets, which include sun and heat, fireworks and thunderstorms, ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte Metro Regional Market Report MAY 2023 (Final APR 2023 Data)Exploring the Bright Side of April 2023 Sales in the Charlotte Region Let's dive into the exciting details of April 2023 sales throughout the dynamic Charlotte region, using data from  Canopy MLS. While we acknowledge there are some challenges, there are certainly plenty of positive trends worth highlighting: Homebuyers are Finding Opportunities: Although overall sales saw a decline in April, we noticed remarkable year-over-year sales gains in Stanly County (+30.1%) and Anson County (+90%). These impressive figures demonstrate that buyers are open to trading a longer commute for more affordable housing options. In fact, both counties offer a range of homes priced around $200,000, which is quite appealing to our Mecklen...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 FORECLOSURE & SHORT SALES REMAINED LOW IN CHARLOTTE REGION IN APRIL 2023FORECLOSURE & SHORT SALE BARGAINS REMAIN HARD (IMPOSSIBLE?) TO FIND Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region continued to remain very low at 0.4% in April 2023. This percentage has remained steady since January 2023, when the percentage stood at 0.6% In April 2023, year-over-year lender mediated sales represented just 3 additional foreclosure sales over April 2022 and just two additional short sale over April 2022. There was no change month-over-month.  At the same time, foreclosed median home prices continued to increase. The median sale price of foreclosure sales increased 44.8% over April 2022, while the median sale price for the entire Charlotte reg...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
SOLD & CLOSED IN CRESSWIND: NEW CONSTRUCTION HOME9916 JUBILEE COURT | CHARLOTTE, NC 9916 Jubilee Court My client showed an impressive amount of patience when she contracted to build a home in Charlotte's Cresswind 55+ community in early April 2022. It felt some days as if closing day on her new "forever" home would never arrive. But arrive it did this week after 13+ months! And just in time for my client's imminent retirement. 9918 Jubilee Circle is a 3 bedroom/3 bath 1.5 story home  in the popular 55+ community of Cresswind located just outside of Mint Hill, NC. The split-bedroom plan home features a bright and welcoming great room with windows throughout, which provide lots of natural light. There's also a spacious dining area, a large granite kitchen with island, generous counter and...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 LATEST NEWS ON CHARLOTTE'S BALLANTYNE HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Key take-aways about the Ballantyne area housing market in April 2023 included: Home sale prices that both held their own and declined. A list to sale price ratio of almost 101%. Average days on market at their lowest level since September 2022. The number of properties sold increased to their highest level since October 2022. April 2023 housing inventory was at its lowest level since May 2022. New listings were down month-over-month and year-over-year.  BALLANTYNE AREA HOUSING MARKET HIGHLIGHTSAPRIL 2023  BALLANTYNE HOME SALE PRICES Median sale price in April 2023 was $519,425, down 9.05% from $571,100 in March 2023 and equal to the median sale price in April 2022.  Average sale pri...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
SouthPark Market Report - MAY 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 late...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Royden (SouthPark) Market Report - MAY 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 its 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 $310.    Average days on the market in Ro...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
MAY 2023 Providence Springs Market SnapshotDesirable South Charlotte homes for sale in Providence Springs are gorgeous semi-custom and custom-built homes situated on large, manicured lots along a perfectly lovely streetscape. Just minutes from SouthPark, Stonecrest, Ballantyne and Matthews, commute time for Providence Springs residents is approximately 20 – 30 minutes to Uptown.Providence Springs is a popular Charlotte neighborhood with 127 homes.  The price ranges from $850,000-$1,000,000+ with the square feet of most homes in the  3,500-4,500 range. The Providence Springs homes are served by award-winning Charlotte-Mecklenburg Schools and include Olde Providence Elementary Carmel Middle School Myers Park High School   Market Report JAN 2023 - How's the Real Estate Market in Providence...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Let's Talk Myers Park (Charlotte, NC) - The Queen City's Crown JewelCharlotte, NC:  Myers Park, the shining gem of the Queen City (Charlotte, NC), is eagerly approaching her remarkable 112th birthday! Can you believe it? This neighborhood has stood the test of time and continues to captivate us all. Let's delve into the captivating story of how it all began. In the early 1900s, two forward-thinking visionaries, George Stephens and John Springs Myers, embarked on a transformative journey, forging a fruitful partnership with the talented developer, John Nolen, all the way from Massachusetts. A Harvard University graduate, Nolen had already made a name for himself with his outstanding urban planning skills, having left his mark on 21 cities, 22 new towns, and countless neighborhood projec...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Parkwood Knoll (Myers Park) Market Report MAY 2023Popular full-brick complex in fabulous Park Road/Myers Park location in Charlotte, Parkwood Knoll is the premier luxury condominium complex. Sales prices continue to rise and the time on the market continues to remain stable at an average of 21 days on the market as we wrap up Q1, 2023. Below are the details with average sales price, days on the market, list-to-sales price ratio and current inventory (months supply).  The charts below are interactive so, you can click on each of them for the updated information or review the history by following the graph as well.Average Sales Price  Average Days on the MarketList-to-Sales Price Ratio  Months Supply of Condos for Sale in Parkwood KnollThe months supply currently reflects zero as there is...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Myers Park Charlotte Real Estate Market Report MAY 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 neighbor...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
BECOMING A HOMEOWNER ON A FIRST-TIME BUYER'S BUDGET It's tough out there for first-time homebuyers -- no doubt about it. Prices are high, mortgage rates are up, and decent “starter homes” are  tough to find. But don’t give up on your dreams of homeownership! With a little creativity, it’s still possible to step on the property ladder and enjoy the personal and financial benefits of owning a home. To find out How to Become a Homeowner on a First-Time Buyer’s Budget, check out my blog post: Tips For First-Time Home Buyers. In this post you'll learn: How “house hacking” can help cover your mortgage payment Why teaming up with others can be a winning strategy Which grant programs can boost your down payment How to tap your network for funding Which compromises can save you $$$$  Head over t...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Ballantyne – Blakeney Neighborhood Market Update MAY 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 23 days and there is currently one home in Mitchell Glen that is actively being marketed - and there are currently none under Contract, in Escrow at the moment.Here is the Ballantyne – Blakeney Neighborhood Market Report from April, 2023 final data -  MITCHELL GLEN: Current Average Sales Price in Mitchell Glen ($546,636)  Mitchell Glen's Average Days on the Market - 23  Average List-to-Sales Price Rat...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 ARMED FORCES DAY: May 20 - 2023 "No man is entitled to the blessings of freedom unless he be vigilant in its preservation." ... General Douglas MacArthur The third Saturday of each May is Armed Forces Day.  While Armed Forces Day is not an official federal holiday, this day is set aside to honor everyone who currently serves in all six of the United States military branches -- Air Force, Army, Coast Guard, Marines, Navy, U.S. Space Force. "History has taught us over and over again that freedom is not free. When push comes to shove, the ultimate protectors of freedom and liberty are the brave men and women of our Armed Forces. Throughout our history, they've answered the call in bravery and sacrifice."... Tim Pawlenty President John F. Kennedy established Armed Forces Day as an official...
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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 April 2023...  YEAR-OVER-YEAR TRENDS IN THE LUXURY HOME MARKET IN CHARLOTTE REGIONThe luxury homes market in Charlotte saw a 2.1% decrease in new listings year-over-year, while inventory increased year-over-year by 26.8%. The months supply of inventory increased from 2.3 months one year ago to 2.7 months. Median home sale prices increased slightly by 0.4%, while average home sale prices increased 1.9%. Closed sales decreased in April 2023 versus the same month one year ago. Median list to sale price ratio decreased 4.2% year-over-year, but was still 100%. Buyer foot traffic decreased 11.6% from 9.5 showings per home to 8.4 showings year-over-year.  MONTH-OVER-MONTH TRENDS IN THE LUXURY HOME MARKET IN CHARLOTTE REGI...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
WOULD YOU LIKE TO SELL YOUR GREATER CHARLOTTE HOME FAST AND FOR THE HIGHEST PRICE?NINA HOLLANDER, COLDWELL BANKER REALTY, CAN HELP YOU DO THAT! The best time to list and sell your home is when others are not listing. This makes it a great time to sell your Charlotte area home.  New listings are now at their lowest level since August 2013. With just two months of housing inventory in the Charlotte Region as of April 2023, our market continues to be seller's market. Tight housing inventory should make the rest of May, June and July opportune months for homeowners to list and sell their homes. NEW LISTINGS IN CHARLOTTE REGION AT THEIR LOWEST LEVELS SINCE AUGUST 2013 THE BEST TIME TO SELL YOUR HOME IS WHEN OTHERS ARE NOT SELLING The Charlotte Region Spring housing market has been competitiv...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
HONOR THOSE WHO HAVE SERVED OUR COUNTRY ON MEMORIAL DAY BY MAKING A FLOWER DONATION "Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same."... Ronald Reagan We are just over a week away from Memorial Day 2023. Did you know how The Memorial Day Flowers Foundation pays homage to the first official, national Decoration Day, now known as Memorial Day? A remembrance ceremony first took place at Arlington National Cemetery on May 30, 1868, to honor U.S. service members who died in the Civil War. Since 2011, the Memorial Day Flowers Foundation has organized flower tribute events at Arlington National Cemetery to honor and remember those who have served. Find ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
CHARLOTTE, NORTH CAROLINA RANKED #8 AS A BEST PLACE TO LIVE IN AMERICA US News & World Report has named Charlotte a best place to live for 2023/2024, ranking the Queen City #8 out of 150 metropolitan centers. The report evaluated 150 most populous metropolitan areas based on how they met Americans' living expectations. Grading factors included value, job market, desirability and quality of life. And those of us who make Charlotte our home couldn't agree more! The Southern Living article barely scratched the surface about everything that's happening in Charlotte. And it's the Charlotte lifestyle that also had Zillow including the Queen City in the 10 Hottest Real Estate Markets for 2022 WHAT THIS MEANS FOR THE GREATER CHARLOTTE REGION HOUSING MARKET This spring/summer, home buyers in the...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
CHARLOTTE BEER, BOURBON & BBQ FESTIVAL: MAY 20-202360 Beers + 40 Bourbons + Lots of BBQ! What can you expect at Charlotte's much loved 16th Annual Beer, Bourbon & BBQ Festival on Saturday, May 20th at Ballantyne's Backyard in Charlotte?  For starters... unlimited tastings of 60 beers, 40 bourbons, and all the à la carte BBQ with all the fixings you can eat! PLUS... live rock, blues, and bluegrass music!  PLUS... seminars with master distillers, brew masters, and pit masters! Click here for the full schedule.  Not only will you have fun, you'll be helping support a great cause as a portion of event proceeds will go to the Spirit of Hope Children’s Foundation. What's better than having fun while supporting a great cause?  VIP Admission: 12:00 pm till pm 6:00 pmVIP tickets include two addi...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
#401 AT ROYAL COURT CONDOS LISTED BY NINA HOLLANDER, COLDWELL BANKER AT $475,000 IS NOW UNDER CONTRACT   WERE YOU LOOKING FOR A LUXURIOUS URBAN LIFESTYLE IN THE HEART OF CHARLOTTE? WERE YOU LOOKING FOR A TURN-KEY LUXURY PIED-A-TERRE IN CHARLOTTE CLOSE TO EVERYTHING? If you were, you're too late! First day on market, first showing and 24 hours later this luxury condo in Charlotte's Uptown area was under contract.  WHAT DID YOU MISS OUT ON? It's all about location and luxury at 701 Royal Court Condominiums surrounded by some of Charlotte's finest neighborhoods: historic Dilworth, City Center, Midtown, South End, Eastover and Myers Park.  You're minutes from  the  Dowd  Y, the Charlotte trolley stop, light rail, Panther Stadium and close to a myriad of dining and shopping options, parks, ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Sizing Up the April 2023 Real Estate Market — Locally & Nationally -  Charlotte Metro The US real estate market has experienced a slight decline with existing-home sales dropping 2.4% month-over-month, according to the National Association of REALTORS® (NAR). However, it is important to note that this is a normal fluctuation after February’s sales gain of 14.5%. Fluctuations in mortgage interest rates have caused buyers to pull back a bit, with pending sales dropping 5.2% month-over-month. Despite this, the market is still robust and stable with mortgage interest rates remaining lower.  While the median existing-home sales price declined for the second month in a row, falling 0.9% nationally from the same time last year, this is still a healthy market. New Listings in the Charlotte regi...
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