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 29   next

1838 Lombardy Circle -- 4 BR, 3 BA
Price: $1,125,000 (3590 sqft)
Subdivision: Dilworth
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Sarah Martin | MLS # 3494008 | Contract
1142 Berkeley Avenue -- 4 BR, 3.1 BA
Price: $1,595,000 (3970 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3503013 | Active
2025 Cumberland Avenue -- 5 BR, 4.1 BA
Price: $1,495,000 (3907 sqft)
Subdivision: Dilworth
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Helen Adams Realty | MLS # 3487363 | Active
1510 Lynway Drive -- 6 BR, 4.2 BA
Price: $1,475,000 (4081 sqft)
Subdivision: Dilworth
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RE/MAX Executive | MLS # 3502257 | Active
816 Mt Vernon Avenue -- 4 BR, 5.1 BA
Price: $1,400,000 (3532 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3501004 | Contract
624 Diana Drive -- 4 BR, 3.2 BA
Price: $1,295,000 (4391 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3464792 | Active
536 E Tremont Avenue -- 4 BR, 3.1 BA
Price: $1,249,000 (3208 sqft)
Subdivision: Dilworth
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Keller Williams South | MLS # 3489487 | Active
1330 Carlton Avenue -- 5 BR, 4.2 BA
Price: $1,190,000 (3855 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3461066 | Contract
719 E Tremont Avenue -- 4 BR, 2.1 BA
Price: $1,090,000 (2603 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3500213 | Contract
633 Ideal Way -- 5 BR, 3.1 BA
Price: $1,080,000 (3328 sqft)
Subdivision: Dilworth
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RE/MAX Executive | MLS # 3478009 | Active
2013 Victorian Place -- 4 BR, 4 BA
Price: $1,075,000 (3455 sqft)
Subdivision: Dilworth
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Reule Real Estate LLC | MLS # 3499191 | Active
405 E Worthington Avenue -- 4 BR, 3 BA
Price: $1,050,000 (2990 sqft)
Subdivision: Dilworth
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Helen Adams Realty | MLS # 3509859 | Active
604 E Tremont Avenue -- 4 BR, 3 BA
Price: $999,999 (3220 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3486500 | Active
1536 Ideal Way -- 5 BR, 3.1 BA
Price: $974,900 (3839 sqft)
Subdivision: Dilworth
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RE/MAX Executive | MLS # 3503410 | Active
720 McDonald Avenue -- 5 BR, 3 BA
Price: $970,000 (3122 sqft)
Subdivision: Dilworth
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Allen Tate Center City | MLS # 3498040 | Active
812 Mcdonald Avenue -- 4 BR, 3.1 BA
Price: $950,000 (2887 sqft)
Subdivision: Dilworth
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Carolina Real Estate | MLS # 3500083 | Active
701 Templeton Avenue -- 4 BR, 3.1 BA
Price: $925,000 (2827 sqft)
Subdivision: Dilworth
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Helen Adams Realty | MLS # 3509599 | Contract
1818 Lennox Avenue -- 4 BR, 3 BA
Price: $875,000 (2890 sqft)
Subdivision: Dilworth
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Allen Tate Center City | MLS # 3511725 | Coming soon
1620 Dilworth Road -- 5 BR, 3 BA
Price: $799,000 (2591 sqft)
Subdivision: Dilworth
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Helen Adams Realty | MLS # 3445044 | Active
705 Kingston Avenue -- 4 BR, 4 BA
Price: $799,000 (3464 sqft)
Subdivision: Dilworth
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Coldwell Banker Comm. | MLS # 3481999 | Contract

Listings 1 - 20 of 29   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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