Scott Browder 2018 Real Estate Year in Review - Wilkinson ERA Real Estate
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2018 Charlotte market can be summed up in one word - inventory!With a shortage of housing inventory, demand for housing drove sales prices upwards,holding the Days on Market statistics steady on 2017 results,as more buyers flooded the market than there were homes for. For the first time in years,Sales Volume has continued to rise while the number of sold homes have dipped slightly. Looking specifically at Charlotte, 2018 residential home sales were stronger in sales volume,however the number of Closed Sales were down by 5.78% on 2017 figures.The Median Sales Price for a single-family home or condo in Charlotte last year was $240,000,a notable increase of 6.19%. Average Price Per Square Foot has risen 5.83%
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Scott Browder 2018 Real Estate Year in Review - Wilkinson ERA Real Estate
- 3. 2018 Friends,Clients,Colleagues, Onceagain,weareincrediblygratefultohavehadtheprivilegeofworkingwithyouoverthis pastyear--andwhatanincredibleyearithasbeen! 2018wasyetanotherrecord-breakingsalesyearforbothWilkinsonERAandtheCharlottearea's2018wasyetanotherrecord-breakingsalesyearforbothWilkinsonERAandtheCharlottearea's residentialmarket.WewatchedtheMedianSalesPriceclimbtoanotherannualhighandcele- bratedasourcompany nishedtheyearasthenumberoneERArealestate rmintheCarolinas andnumberthreeERA rminthenation!Wealsoacknowledgedthehardworkandachieve- mentthatplacedsomanyofourSalesAssociatesintheTop100Producercategory. Ourrealestatepredictionsfor2019?Agradualslowingofresidentialsalesprices,anincreasing housinginventory,andthegrowthofthemillennialbuyer.Withconsumercondencehighand buyer-demandconsistentlystrong,home-buyersneedtobepatientandpreparetocompete untiladditionalinventorycomesonline. Charlotte'seconomycontinuestogrowfromstrength.BuoyedbyahealthyeconomyandnewCharlotte'seconomycontinuestogrowfromstrength.Buoyedbyahealthyeconomyandnew investmentfromrecentarrivalssuchasAllstateandHoneywell,ayounger,educatedworkforce ismovingintothecity.WeexpecttheCharlotteregiontosustainademandforrealestate throughouttheyearandinto2020.DespitetalkofacorrectioninCharlotte'smarket,initiatives suchascorporatetaxincentives,aswellas,anincreasedinterestinthecityfromoutsidecompa- nies,continuetofuelthisoptimisticoutlook.Weremainexcitedabout2019andoursolidposi- tioninthemarketsweserve. Youmayhavequestionsaboutmakingamove,whatyourhomemightbeworth,andwhat isinvolvedinputtingahomeupforsale.LetourprofessionalREALTORS®hereatWilkinsonERA walkyouthroughtheentireprocess.Wearealwaysavailabletoansweranyquestionsyoumay have! Wearepleasedtoshareourknowledgewithyouabouttwoofourfavoritetopics--realestate andCharlotte,NC—andlookforwardtoacollectivelysuccessful2019! EbMoore,EbMoore, PresidentandCEO,WilkinsonERARealEstate
- 5. CHARLOTTE CITYResidential 3 43 43 43 99% DaysonMarket ListtoSalesPriceRatio MonthsSupply PricePerSquareFoot NewListings SoldHomes/ClosedSales MedianSalesPrice January through December January through December January through December January through December January through December January through December January through December $140.59 $148.78 5.83% 19,867 19,483 -1.93%
- 6. l ( The Average 2018 sales price for a single family home in Charlotte was $345,446 for a year over year increase of 8% / -�/ The Average 2018 sales price for a single family home in Mecklenburg Co. was $274,815, for a year-over-year increase of 3.42% 4
- 8. CHARLOTTE-AREA COUNTIESResidential 6 43 43 43 99% DaysonMarket ListtoSalesPriceRatio MonthsSupply PricePerSquareFoot NewListings SoldHomes/ClosedSales MedianSales Price January through December January through December January through December January through December January through December January through December January through December $137.13 $150.71 9.90% 25,091 24,603 -1.94% CABARRUSCOUNTY UNIONCOUNTY JANUARY-DECEMBER JANUARY-DECEMBER LoremIpsum 99% 1.02% 37 36 -2.70% 3,670 3,841 4.66% $205,000 $224,504 9.51% $103.56 $111.66 7.82% 4,493 4,916 9.41% 98% 2.13 2.24 5.16%
- 9. 7 WILKINSON ERA REAL ESTATE 2018 REAL ESTATE YEAR IN REVIEW CHARLOTTE-AREA COUNTIES Residential YORK COUNTY, SC Including Fort Mill, Lake Wylie, Rock Hill JAN THROUGH DEC 2017 2018 %CHANGE AVG Days on Market 45 42 -6.67% Total Closed Homes 4,778 4,957 3.75% Median Sales Price $245,000 $255,000 4.08% AVG Months Supply 2.5 2.44 -2.40% AVG Price Per Sq Ft $115.70 $122.49 5.87% Total New Listings 5,735 6,131 6.90% List to Sales Price Ratio 98% 98% 0.00% JANUARY - DECEMBER ------- ------- LANCASTER COUNTY, SC Including Lancaster, Indian Land 2017 2018 %CHANGE 54 56 3.70% 1,561 1,846 18.26% $268.000 $278,950 4.09% 3.6 2.99 -16.94% $114.82 $118.96 3.61% 2,144 2,217 3.40% JAN THROUGH DEC AVG Dayson Market Total Closed Homes Median Sales Price AVG Months Supply AVG Price Per Sq Ft Total New Listings List to Sales Price Ratio 98% 98% 0.00% JANUARY - DECEMBER -------