Jonathan and Associates Real Estate - Charlotte NC
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Last week, the Charlotte Observer posted a story that the housing market in Charlotte is so tight that there are only 1.6 months supply of housing inside the city. The supply of housing metric is one that Realtors and economists use to judge how balanced or unbalanced a housing market is. A … Continue reading...
The Spring Charlotte housing market is in full swing so it's time to check-in to see how things are going. In a word: tight; due in part to the lack of supply. The last time that Charlotte had a housing supply greater than 5 months (meaning that it would take 5 months to sell every house … Continue reading...
2016 was another solid year for residential real estate in Charlotte. Home sales rose 6.9% to 15,592 for the year, which would make 2016 the third best year for home sales in the city of Charlotte. The only two years better would be 2007 with 16,678 closed sales and 2006 with 18,254 closed sales. … Continue reading...
2016 was a great year for home sales in the west Charlotte neighborhood of Wesley Heights. Home sales were up 21.6%, ending the year with 45 homes sold. That would mark the best year for Wesley Heights home sales since 2008 when sales peaked at 73. Taken in context, 43 of the units sold in … Continue reading...
Home sales in Charlotte's Center City continue to climb upward as the year ended with 340 sold (331 condos / townhouses, 9 single family). That's up 2.1% from 2015 but still off from the 2007 highs of 463 units. In context though, 340 sales in Uptown is quite remarkable when you consider that only … Continue reading...
A few years ago, I wrote a blog post on the accuracy of Zillow's Zestimates "their automated estimate of your home's value" for the Charlotte area. At that time, their data seemed quite inconsistent (just ask any active real estate agent). So with a few more years of data under their belts, I … Continue reading...