Twenty years ago, Weddington barely registered on Charlottean’s radar as a feasible place to live and commute into the city. The once remote patchwork of farm land and pasture has come a long way since then and is getting noticed. The suburb, which lies about 15 miles southeast of Charlotte, was just named the top… [Read More]
Oct. sales show positive trend for region
Pending sales in the Charlotte region were up nearly 26 percent in October, signifying buyers are not deterred from the Charlotte area’s continued low housing inventory. From September, pending sales under contract increased 2.5 percent. Closed sales also saw a nearly 11 percent from October 2018, with 4,284 home sold, according to the most recent… [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]