Charlotte’s Real Estate Market Shows Double-Digit Growth

An article from the Charlotte Business Journalshows continuous double-digit growth in the Charlotte residential real estate market. According to the Charlotte Regional Realtors Association, closings increased by 23.4% in December as compared to the same time last year. The growth was not only contained to the month of December either– October 2012 and November 2012 showed a 36.8% growth rate and 35% growth rate respectively. In fact, the past 11 straight months have shown positive returns and the association president, Eric Locher, seems to think our housing market is in recovery, “Charlotte’s housing market has shown steady signs of improvement over most of 2012 and could be called the year our local recovery started. With some of the uncertainty on the federal level temporarily averted, we’re hopeful these trends will continue through what is generally considered a slower selling season.”

Not onlyhave our closings improved, but sohas the average sales price. The average sales price in December 2011 was $190,656, however the December 2012 was showing a 7.9% increase in the average sales price, putting it at $205,537. A more accurate indicator of trends over time, the median sales price, has also increased by 2.5%.

And even more good news is that the average amount of time from listing to closing has decreased by two days, now reflecting an average of 156 days.

As chronicled in our previous Dilworth post, overall home inventory continues to fall. This past year we had anastonishing 27.7% decrease in the amount of inventory available, leaving our region with about afive month supply of homes– Dilworth, however, has less than three months of inventory available.

Check out the Charlotte Business Journal to see the article in its entirety, and take a look below at the homes for sale in Dilworth:

Dilworth homes

Listings 1 - 20 of 28   next

521 Iverson Way -- 5 BR, 4.1 BA
Price: $1,475,000 (4793 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3417836 | Contract
512 E Tremont Avenue -- 5 BR, 4 BA
Price: $1,449,000 (4210 sqft)
Subdivision: Dilworth
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Nestlewood Realty, LLC | MLS # 3365713 | Contract
672 Ideal Way -- 5 BR, 4.1 BA
Price: $1,295,000 (3989 sqft)
Subdivision: Dilworth
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Giving Tree Realty | MLS # 3449816 | Active
709 Ideal Way -- 4 BR, 3.1 BA
Price: $1,249,000 (3420 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3409306 | Contract
408 Iverson Way -- 5 BR, 4 BA
Price: $1,199,000 (3168 sqft)
Subdivision: Dilworth
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Dilworth Realty LLC | MLS # 3442657 | Contract
500 E Park Avenue -- 4 BR, 3 BA
Price: $1,175,000 (3207 sqft)
Subdivision: Dilworth
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Harding Real Estate | MLS # 3444665 | Active
1165 Linganore Place -- 4 BR, 3.2 BA
Price: $1,100,000 (3128 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3435244 | Active
1536 Ideal Way -- 5 BR, 3.1 BA
Price: $1,074,000 (3839 sqft)
Subdivision: Dilworth
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RE/MAX Executive | MLS # 3425246 | Active
315 E Kingston Avenue -- 4 BR, 2.1 BA
Price: $1,030,000 (2962 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3358522 | Active
1900 Lombardy Circle -- 4 BR, 3.1 BA
Price: $999,000 (2900 sqft)
Subdivision: Dilworth
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Peters & Associates | MLS # 3398603 | Active
604 Ideal Way -- 3 BR, 2.1 BA
Price: $975,000 (3200 sqft)
Subdivision: Dilworth
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Keller Williams South | MLS # 3425917 | Active
1316 Ordermore Avenue -- 4 BR, 3.1 BA
Price: $874,000 (3184 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3420453 | Active
1620 Dilworth Road -- 5 BR, 3 BA
Price: $850,000 (2591 sqft)
Subdivision: Dilworth
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Helen Adams Realty | MLS # 3445044 | Active
601 E Tremont Avenue -- 3 BR, 2.1 BA
Price: $735,000 (2075 sqft)
Subdivision: Dilworth
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Allen Tate Ballantyne | MLS # 3449111 | Contract
729 Mt Vernon Avenue -- 3 BR, 2 BA
Price: $699,000 (1821 sqft)
Subdivision: Dilworth
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Brannic Properties Inc | MLS # 3413004 | Contract
2212 Dilworth Road -- 3 BR, 2 BA
Price: $645,000 (1575 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3443860 | Active
501 Meacham Street -- 3 BR, 2.1 BA
Price: $620,000 (2060 sqft)
Subdivision: Dilworth
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Cottingham Chalk | MLS # 3450632 | Contract
628 Olmsted Park Place -- 3 BR, 2.1 BA
Price: $600,000 (1697 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3448829 | Contract
2013 Cumberland Avenue -- 3 BR, 2 BA
Price: $577,500 (1680 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3442744 | Active
1418 Euclid Avenue -- 4 BR, 2 BA
Price: $575,000 (2311 sqft)
Subdivision: Dilworth
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Allen Tate SouthPark | MLS # 3451871 | Contract

Listings 1 - 20 of 28   next

About Sarah Martin

I am savvy at buying & selling in all quadrants of the Greater Charlotte area and would love to help you find your home whether its your first condo that you plan on turning into a bachelor pad or your third home that has to accommodate three kids and a dog.

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