March Market Report – Charlotte Region

Dear Neighbor,

You might be entering a new chapter in your life. You’re ready for a home that provides you with the space to entertain guests and live the lifestyle that you want while setting you up for financial success. This is a big decision, and while exciting, you’re wondering how you can make it a success.

For many of us, selling a home is one of the largest financial transactions of our lives, so there’s little room for error. You want the largest return on investment you can get. And you want to do it without a whole lot of hassle.  As you consider this transition, you deserve the guidance of someone knowledgeable of your market. Here are the top things to know about the South Charlotte Ballantyne area real estate market right now: 

RECAP of The Charlotte Region in 2021

Although new listings increased by 4.7%, the home seller activity did not rise proportionally to meet the buyer demand.  Even new construction was unable to scale quickly due to material and labor shortages. So, by the end of 2021, we had the fewest homes in inventory compared to the last 5 years. There were approximately 3041 homes for sale compared to 9,309 homes in 2017—a 40.3% drop in inventory. To maximize the opportunity in this market, you want to work with a real estate expert who understands how to strategically position your home on the market.

We continue to see homes sell with multiple offers in the South Charlotte area.

When strategically priced, sellers received, on average, 100.6% of their original list price at sale, an increase of 0.6% from 2021. The inventory shortages and high buyer demand continues to push home prices higher, encouraging multiple offer situations.  The number of new listings in January was 35, down 51.4% from last year this time. The median sales price increased by 18.5% to $428,799. With demand as high as it is, it’s important to work with an expert to put the right pricing strategy in place to make sure you maximize your returns.

Buyers need homes now, and there are little signs of a slow down.

This is the best time to list your home – buyers are serious, extremely competitive, and ready to make an offer quickly. The median days on market remained low, at 4 days, compared to 5 days 1 year ago. With my expert guidance, my clients get the highest possible price in the fewest days on market.

As a homeowner, what does this mean for you?  

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

I know that selling is a major life event. That’s why I make my approach service-oriented and results-driven. I guide you through your home sale with a VIP experience that you’d hardly find elsewhere.  You can rest easy knowing that you are in good hands.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation ® 704-651-4410 

This is our strategic planning session to help us get crystal clear on your objectives, that way you get the RESULTS you want. We will discuss your goals, the preparation of your home, a pricing strategy that best fits your needs, review market stats, and analyze the competition.

Call Today ® 704-651-4410