Some people prefer new construction, and others prefer an older home with good bones and history. One of the most popular older home styles in the Queen City is the classic 1930s bungalow. Smaller in square footage but big on charm, these homes can be found throughout the surrounding Charlotte metro area and have a… [Read More]
Positive trends in September housing market
In an unusual turn for September, year-over-year home sales in the Charlotte region rose in September, and the strong seller’s market continues to prevail across the region despite challenging inventory levels. Sales were up 8.3 percent in September from year-ago figures, with a total of 4,612 sales closed in September, according to the most recent… [Read More]
McLean’s marina, restaurant nearing fruition
Lake Wylie’s luxury McLean community has had a full-service marina and waterfront restaurant in the plans since the development’s conception and those plans are closer to becoming a reality. McLean, the 670-acre development located in Belmont, partnered with Morningstar Marinas to develop the company’s first marina on Lake Wylie. Morningstar already operates three marinas on… [Read More]
Seller’s market going strong, inventory still down
Even though low mortgage rates kept potential buyers on the housing hunt in August, inventory in the Charlotte market continued to drop off. Inventory fell 17.5 percent compared to August 2018, with 9,412 homes for sale, leaving the region with just a 2.3 months of supply inventory, according to the most recent data from Canopy… [Read More]
Charlotte’s median sales price up in July
Queen City home sellers maintained the upper hand during July in the Charlotte-area housing market, with year-over-year sales prices on the rise as demand rises and the housing shortage continues. July’s median sales prices rose to $265,000, an increase of 10.4 percent from July 2018, while the average sales prices rose 7.8 percent to $313,281,… [Read More]
Research looks at entry-level home affordability
A recent study looked at 130 real estate markets across the United States and found that 61 percent of Charlotte residents can afford entry-level homes in the market. California-based John Burns Real Estate Consulting’s study defined an entry-level home as one priced 20 percent below the median price for that area. The study’s calculations are… [Read More]