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Charlotte, NC Real Estate News

By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Tuesday's Treasures - Blue Heron Graces Us with Its Beauty at Sunset on Lake Wylie As the sun dipped below the horizon, painting the sky in warm hues of yellow, orange and blue-gray, another gorgeous sunset graced the waters of Lake Wylie. Adding to this picturesque scene was the elegant silhouette of a Blue Heron, gracefully fishing along the water's edge. Its graceful movements and the gentle ripples it created blended seamlessly with its own reflection - a truly breathtaking view. Just another testament to nature's splendor - a reminder of the classic, yet profound beauty that surrounds us. Take time to savor the beauty around us. We are blessed in so many ways! Happy Tuesday! © Debe Maxwell, CRS | The Maxwell House Group | Savvy + Company | SavvyBroker@me.com | Tuesday's Treasures -...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Springing Forward - Charlotte's Economic Outlook: Spotlighting Jobs, Mortgages and Home Prices After facing our fair share of hurdles, 2023 finally wrapped up, paving the way for an optimistic 2024 for both homebuyers and sellers. We've seen a refreshing dip in mortgage rates by a fairly significant 1.5%, with the potential for short-term interest rate reductions by the Fed in the upcoming months. Last Wednesday, the labor market showed signs of relaxation, according to the JOLTS (Job Openings & Labor Turnover Survey) report for November 2023. Job vacancies slightly declined to 8.8 million from October's 8.9 million — marking the lowest since March 2021, as reported by the Bureau of Labor Statistics. Then, the ADP delivered their private employment report on Thursday. December 2023 saw ...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
SouthPark Market Report - JAN 2024  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)
SouthPark's Royden Real Estate Snapshot: JAN 2024 Market Overview 📊 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 it’s 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 $333.    Average...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte's Real Estate on a Record Roll; Home Prices Hit New Heights🏡💹 JUST RELEASED - Big news for the Queen City! Our beautiful city is making headlines with home-price growth that's not just climbing—it's setting records! According to the latest S&P CoreLogic Case-Shiller Index, we’re experiencing a robust 6% year-over-year increase in home prices for October. This phenomenal growth places Charlotte among the top eight major metros nationwide witnessing all-time highs. But that’s not all - The latest S&P CoreLogic Case-Shiller Index shows a substantial 4.8% growth from last year, with the 20-city composite boasting a 4.9% increase. Charlotte is leading the charge with a remarkable 0.7% price increase month-over-month, adjusted for seasonality.  For those thinking about selling, ther...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Dive Into the Joy of Owning a Pool in Charlotte - Tips and Insights for Homebuyers Owning a backyard pool is a true delight! My husband and I have always been huge fans of having our own pool. Surprisingly, we've actually missed it while living by the lake these past few years.A lot of homeowners worry that maintaining a pool is too much of a hassle. But then, there are those of us who can't imagine life without one – and I'm definitely in that camp! We've had our own pool in several homes here in Charlotte, and have enjoyed making the most of it nearly all year round. If you're in Charlotte and wondering what you can do to extend your pool season, here are a few great options: Solar blankets Gas heating for your pool A heated spill-over spa Considering a Charlotte home with a pool? You...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Snapshot: Zip Code 28211 - January 2024 Market Insights, Trends and Statistics Here’s a snapshot view of our January real estate market report in the ZIP code 28211, showcasing essential statistics that are integral for buyers and sellers alike. The median list price stands at a robust $1.15 million, marking a modest, yet steady increase of 0.4% from the previous period spanning November to January. As is consistent with the 2023 market, the number of active listings has dipped slightly by 0.4%, with a total of 57 active properties. Recent activity is noted with 6 new listings popping up in the past 5 days. There are also 4 properties currently being marketed as coming soon. Properties are spending a median of 79 days on the market (DOM) and an average of 111 DOM, which is a slight upti...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
TODAY, JANUARY 6TH, IS TAKE DOWN YOUR CHRISTMAS TREE DAYHave you already taken down your Christmas tree?Or have you waited for January 6th to take down your tree? January 6th is also known as the Epiphany, Little Christmas, or Three Kings Day. It marks the end of the 12 days of Christmas and celebrates the arrival of the Magi (the Three Kings) to visit the baby Jesus. Traditionally, this is seen as the closing of the Christmas season. And did you know there is a superstition that it's bad luck to keep Christmas decorations up after January 6th, potentially hindering the growth of crops and greenery in the coming year. Superstitions aside, in my case, my trees will stay up through tomorrow -- which is Russian Orthodox Christmas, which follows the Julian calendar. While I'm not Russian Or...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
HOW HOT ARE THE CAROLINAS?HOW HOT IS THE CHARLOTTE REGION?  The Carolinas are hot, hot, hot when it comes to net migration! Both North and South Carolina are in the top 5 net migration states from 2022-2023 according to the US Census. Despite a decrease in population growth nationally, North and South Carolina continue to add population at a faster clip than much of the rest of the nation, according to the US Census. North Carolina's population increased 11 out of 12 years between 2010 and 2022. South Carolina is now the 23rd most populous state in the USA. Combined with population growth in Georgia, Tennessee, and Florida,  the Southeast will become an increasingly bigger player both economically and politically.      The Charlotte Region is also hot, hot, hot! The Charlotte Region's g...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 JANUARY 2024 IS NATIONAL RADON ACTION MONTHProtect Your Home & Your Family... Test For Radon January is National Radon Action Month. While the Greater Charlotte area, in general, is not known for high radon levels, we do find homes from time to time with radon levels that are too high requiring remediation. That means, that even those of us who live in low radon areas need to up our Radon IQ and know how to test our homes and how to protect our health. It's estimated that one in six homes has radon. Regardless of how prevalent radon might be in your area, take the EPA's advice during National Radon Action Month: "Test Your Home. Protect Your Health." Radon: The Silent KillerRadon is a naturally occurring radioactive gas. Radon is called the "silent killer" because you can't see it, sme...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
IS SELLING YOUR GREATER CHARLOTTE AREA HOME IN 2024 YOUR NEW YEAR RESOLUTION?NINA HOLLANDER CAN HELP YOU KEEP THAT RESOLUTION!DON'T MISS YOUR OPPORTUNITY TO SELL IN 2024. Do your New Year's resolutions include selling your Greater Charlotte area home in 2024? I can help you keep that resolution! Don't miss your opportunity to sell! Did you know that just 8% of people who make New Year's resolutions succeed in keeping them? Or that 80% of New Year's resolutions fail by February? You don't need to be one of the failure statistics. I can help you sell your home at top dollar, as well as help you find that dream home you've been hoping for. And we can get started immediately.  It's still a good time to sell a home in the Greater Charlotte region. Inventory remains relatively low and serious...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
IS A NEW GREATER CHARLOTTE HOME IN 2024 ONE OF YOUR NEW YEAR RESOLUTIONS?3 RESOLUTIONS TO MAKE THAT HAPPEN "To own a home is to build a tangible dream."... Unknown A new year always seems to get people thinking about taking a fresh look at their goals... from health and careers to relationships and finances. If one of your resolutions for 2024 is to buy a home, this is the year you make three more resolutions to make a home purchase happen: (1) improve your credit score, (2) pay down some debt, (3) save for a down payment to make that resolution come true.      2024 Home Buying Resolution #1: Qualify For A Better Mortgage Rate With A Higher Credit Score Your credit report highlights your current debt, bill-paying history, and other key financial information. Importantly for your home-bu...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 HAPPY NEW YEAR WISHES FROM NINA HOLLANDER "New Year = A New Life! Decide today who you will become, what you will give, how you will live."-- Anthony Robbins I'm wishing my friends, clients, and business colleagues a new year filled with great happiness, success, and health. No matter how difficult a year you might have had in 2023, it’s always wonderful to look forward to the joys a new year can bring. CS Lewis said it perfectly when he said "there are far better things ahead than any we leave behind." I'm looking forward to many far better things in  2024 and hope that you are, too!  New Year Quotes To Inspire In 2024 "We will open the book. Its pages are blank. We are going to put words on them ourselves. The book is called opportunity and its first chapter is New Year's Day."-- Edi...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Providence Springs Housing Trends: December 2023 Real Estate Review Providence Springs, being a community of only 128 homes, typically does not have a large selection of homes on the market - low turnover year-after-year.  Some years, there are more relocation sellers than others and we are seeing a bit of a slow down in the relocation business this year. The economy continues to recover, as our Providence Springs market improvements continue to show.  If you're a buyer, interested in a fabulous, neighborly community on the NORTH side of Highway 51 in a great school zone, visit www.ProvidenceSpringsInfo.com for more information on this popular Charlotte luxury community.  We know that you won't be disappointed!Here are the current real estate market stats for Providence Springs:Average...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Parkwood Knoll (Myers Park) Market Report DEC 2023Parkwood Knoll, an attractive, full-brick complex located in the ever-popular Park Road/Myers Park area of Charlotte, is your premier destination for luxury condos. As we are nearing 2023 years end, we are seeing a slightly downward trend in sales prices. With no sales this last quarter, there hasn’t really been any change in the community. Additionally, the community’s days on the market has held steady, averaging only 31 days. In order to give you a more clear understanding, a few key details are below. You'll find the average sales price, the average number of days on the market, the ratio of list-to-sales price, as well as the current inventory status. Please note - the charts below aren't just static graphs; they are fully interacti...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
The idea of a short sale might have crossed your mind as a viable alternative to foreclosure. However, navigating the short sale process is a complex and overwhelming task.  That’s why I’m here to provide you with a complete guide to the short sale process from beginning to end. You’ll understand what a short sale is and how to prepare for one by the end of this guide. What is a Short Sale in Charlotte, NC?  A short sale is one solution if you struggle to make your mortgage payments in Charlotte, NC. The lender consents to a property sale below the remaining mortgage balance. The borrower, who is struggling financially, is the one who starts this kind of sale. Losing employment, medical expenditures, or a divorce may cause financial hardship.  Avoiding the effects of foreclosure is a si...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Property taxes can be a significant financial consideration for seniors planning their retirement. Fortunately, North Carolina offers property tax relief programs, including tax exemptions.  However, eligibility depends on various factors such as income, home value, and age.  In this article, we’ll discover when you can qualify for lower or waived property taxes in Charlotte. Let’s dive into the details!  Does Charlotte, NC Has a Property Tax? Charlotte does have property taxes. However, you must understand how property taxes work in North Carolina.  North Carolina doesn't impose a state property tax. Instead, local governments determine the rates. This has resulted in varying tax rates for properties across the state.  For instance, the property tax rate in Mecklenburg County is 1.03%,...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Clients often struggle with maintaining the value of their properties in various situations. Investing in real estate offers a promising opportunity in Charlotte. However, it is crucial to recognize and tackle the accompanying risks and obstacles.  In this article, I will analyze the factors that can decrease your property’s value in Charlotte, NC. You’ll learn about the different types of properties that are prone to losing their value. Learn to make savvy investment decisions in Charlotte's bustling market with this guide.  What Decreases Property Value the Most in Charlotte, NC? 1. Neglected maintenance The condition of a property speaks volumes to potential buyers. It raises concerns about hidden issues, safety hazards, and high maintenance costs. Moreover, it diminishes the propert...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
ENJOY THE LAST WEEKEND OF THE YEAR! Can you believe that we are at the last weekend of the month and the last weekend of 2023? As we look forward to a new year, my thoughts go to the quote below from a wise person (unknown) which inspires me at the end of each year and even more so this year: "Behind you....... all your memoriesBefore you...... all  your dreamsAround you...... all who love youWithin you...... all you need" As we begin this last weekend of the month and year and as we look forward to a new year, I wish all... happy memories, dreams that come true, and love that surrounds you in 2024 and beyond. Meantime, if one of your resolutions for 2024 is to buy or sell a home in Greater Charlotte... I can help!                  SEARCH HERE FOR YOUR NEW HOME             FIND OUT WHAT...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Navigating the Shift - Opening Doors in 2024Here we are at the end of Q4, December 2023 and the real estate industry is facing several significant challenges. Let's review those for a moment... Inflation and Interest Rates: The real estate market is being heavily impacted by high inflation and rising interest rates. These economic factors have been influencing consumer spending all year. We have, thankfully, avoided a recession which would affect demand for both residential and commercial real estate. Housing Imbalance: There remains a significant imbalance in the availability of housing, relative to the number of workers. This continues to lead to a shortage of rental units, affecting home ownership opportunities. Hybrid Work Models: The shift towards remote and hybrid work models is s...
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