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]
Home sales drop for sixth straight month in Oct.
Home sales dropped again in October, marking the sixth straight month decline in year-over-year sales for the Charlotte metro area. Sales decreased 9.8 percent for year-over-year figures to 3,617 properties sold in October. Compared to September, sales in October fell 0.7 percent, according to the most recent report of the Charlotte Regional Realtor Association. A… [Read More]
Real Estate News in Brief
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]
September sales drop more than 15%
For the fifth straight month, Charlotte home sales continued to drop, with September seeing a 15.3 percent decline from sales figures for September 2017. A total of 3,642 properties sold in September compared to 4,302 sold in September 2017. Sales fell more than 19 percent from August’s figures, according to the monthly report from the… [Read More]
Residential sales cool during August heat
Rising home prices and decreased inventory continued to take its toll on the Charlotte residential sales market in August, the third month of year-over-year declines in real estate closings. Sales in the Charlotte MLS market dropped to 4,514 homes sold in August, a 6 percent drop from the same period a year ago. CMLS President… [Read More]
Going, going gone! Homes moving quickly in Charlotte region
What little inventory there is on the market in the Charlotte region is not hanging around for long. Sellers can pretty much name their price, and buyers will move quickly to snatch up homes. With competition hot and selection limited, sellers are upping asking prices. Average list prices in the Charlotte MLS area jumped 2… [Read More]