For Charlotte, North Carolina and Mecklenburg County, the average sales price in June (see note below) for single-family homes was $243,218, and for condos/town homes was $174,765. Contact us at 704-995-4932 for detailed information on residential, investment and commercial properties in the Charlotte region. Average price appreciation across the entire Charlotte area, strong for the last several years, flattened at the first of this year, and prices have been declining since, although recent results may indicate a bottoming. Buyers are finding many good listings to choose from. The new home market continues to offer great incentives for buyers.
For the month of June:
Number of single-family homes sold: 788 Average Listing Price: $256,671 Average Selling Price: $243,218 Selling Price Percent of Listing Price: 94.76% Average Days on Market: 102 Inventory: 9.46 months
Number of condos/town homes sold: 211 Average Listing Price: $186,218 Average Selling Price: $174,765 Selling Price Percent of Listing Price: 93.85% Average Days on Market: 111 Inventory: 13.52 months
Trends based on 6-month rolling averages: Prices: Down 19.81% over last 12 months Time to sell: Stable, almost 3.5 months Inventory: Decreasing slowly from a March peak, now at 13.33 months.
NOTE: Statistics change significantly from one month to the next; rolling averages are a better indicator of market trends.
Based on information from the Carolina Multiple Listing Services, Inc. for the period and the area noted. Statistics are updated on the 15th of the following month due to the time allowed by the MLS to enter sold data into the system.
ZIP Codes: 28031, 28036, 28070, 28105, 28134, 28202, -, 28217, 28226, 28227, 28262, 28269, 28270, 28273, 28277, 28278 Approximate Location Boundaries: City of Charlotte and Mecklenburg County
Location Characteristics: Charlotte is the largest city in both North and South Carolina, and is considered the financial center of the Carolinas, being headquarters of both Bank of America and Wachovia Bank. The Charlotte area has enjoyed stable growth for some time, and is forecasted to continue that growth at a measured pace to become similar in size and opportunity to Atlanta within the next twenty years. The Charlotte area is a region known across the country for its quality of life. From the fabulous and vibrant urban center of Uptown Charlotte, through established mid-town neighborhoods, to extensive suburban neighborhoods, many "new urban village" developments, waterfront living on a number of lakes, and rural living just minutes from the city, Charlotte offers just about every type of setting one could desire. Serious mountains are just two hours to the west, and the beaches and resorts of the Carolina coast can be reached in about three hours to the southeast.
About Kerry Beach:
Kerry Beach serves buyers, sellers and investors in the entire Charlotte metro area. He represents clients for homes of every size and price, plus land, farms, and investment properties, including commercial office and retail properties. Kerry is a REALTORŪ, with membership in both the residential and commercial local boards, licensed as a Broker in both North and South Carolina, and is a member of several different residential and commercial listing services. Kerry is affiliated with Helen Adams Realty, a well-known and respected Charlotte real estate agency with a long-standing reputation for personal customer service. Kerry is proud to be Quality Service Certified (www.qualityservice.org), which demonstrates his commitment to providing the best possible service to his clients.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
