Steele Creek’s Berewick is a rapidly growing community that offers something for everyone in the way of housing and amenities. The sprawling master-planned community inhabits what was formerly a quiet area of Charlotte, where the city expanded into nature near the shores of Lake Wylie. Pappas Brothers, the company that developed Berewick, has been working… [Read More]
Ribbon gets $225M cash infusion A Charlotte and New York-based technology startup is hoping to expand its cash buying real estate model nationally after receiving a $225 million investment from several investors. Established in 2017, Ribbon is a service that aids home buyers by backing them with cash offers. Ribbon also offers a home valuation… [Read More]
Since its completion 18 years ago, Birkdale Village in Huntersville has been the center of the action and Lake Norman’s “urban” hot spot. Once a dairy farm, Birkdale Village’s 52 acres now are occupied by more than 60 retails shops, 10 restaurants and a movie theater. On any given day, the village is a bustling,… [Read More]
Charlotte’s low inventory of homes for sale continued to drive rising residential list prices, while year-over-year sales numbers show a decline in June. Median list prices rose to $248,045, an increase of 2.8 percent over June 2017, while on average sales prices rose 5.7 percent to $302,177 across the Charlotte MLS region. Sellers also are… [Read More]
As we enter the mid-summer season, it is worth noting that the two-year surge in home selling prices across the Charlotte area is slowing. For some time, double-digit price increases were the norm. After that, strong single-digit gains became common. Now, selling prices demonstrate little movement from one year ago.
The median home value in Charlotte is $157,800, which marks a 5.1% increase from the previous year. Home prices have appreciated by about 28% over the past five years. Median home sales prices, however, are considerably higher. In May the median sales price was $208,000. The market for 2-bedroom and 3-bedroom homes in Charlotte is… [Read More]