2019 Wilkinson ERA Annual Market Report for the Charlotte Area by ERA Live Moore Real Estate and our family of companies

2 0 1 9 F r i ends , Cl i ent s , Col l ea gues , Wha ta ni nc r edi bl edec a def orr ea l es t a t ea c r os st hec ount r ya ndi npa r t i c ul a rher ei nCha r l ot t e. Rec or dbr ea k i ngs a l es , ec onomi cgr owt h, a ndamor edi v er s ec i t y , ha spos i t i onedusf ors uc c es sa ndwe c oul dn’ tbeha ppi erormor egr a t ef ul t oha v eha dt hepr i v i l egeofwor k i ngwi t hy ouov ert hi s pa s ty ea r . 2019wa snodi ffer entt ha n2018i nma nyr es pec t s ; a not herr ec or dbr ea k i ngs a l esy ea rf orbot hWi l k i ns on E RAa ndt heCha r l ot t ea r ea ' sr es i dent i a l ma r k et , hi gherMedi a nS a l esPr i c e, a ndc el ebr a t i ononc ea ga i na s Wi l k i ns onE RA ni s hedt hey ea ra st henumberoneE RAr ea l es t a t er mi nt heCa r ol i na sa ndt henumber t woE RA r mi nt hena t i on! Wec ont i nuet oa c k nowl edgea ndr ec ogni z et heha r dwor ka nda c hi ev ement t ha tpl a c eds oma nyofourS a l esAs s oc i a t esi nt heT op100Pr oduc erc a t egor y . 2020i sa nex c i t i ngy ea rf orCha r l ot t e! Notonl ya r ewebegi nni nganewdec a deofr ea l es t a t e, wea r e s t a r t i ngt owi t nes sac i t yt ha ti sr es pondi ngt hedema ndspl a c eduponi tbyagr owi ngpopul a t i on; a n i nc r ea s i ngl ydi v er s ewor k f or c e, gr ea t erc ons umerc on denc e, a ndaboom i nnewc ons t r uc t i ont ha toffer s c ompet i t i v el ypr i c edi nv ent or yc ompa r edt oot hert opt i erma r k et si nt hec ount r y . I nv ent or yc ont i nuest o bea nur ba nc ha l l engewi t hMont hsS uppl ydr oppi nga ga i ni n2019by1. 04%on2018 gur es . Wi t ht he a dv entofs pr i nga ppr oa c hi ng, we’ r es eei ngt hes el l i ngs ea s onmov eupi nt hec a l enda rt oJ a nua r ya nd F ebr ua r y . Wa r merwi nt er ?Buy erdema nd?Per ha psac ombi na t i onoft het wo. F or mert a l kofma r k etc or r ec t i onsha v ea l l butf a l l ent ot hewa y s i dea sCha r l ot t eex per i enc esc ont i nued ec onomi cgr owt h. Ma i nt a i ni ngt hedema ndf ora ffor da bl ehous i ngwi l l bear ea l c onc er nf or r s t t i me buy er sa ndbuy er si nt heunder$500kbr a c k et . Weex pec tt heCha r l ot t er egi ont os us t a i nadema ndf or r ea l es t a t et hr oughoutt hey ea ra ndi nt o2021. Ourv i br a ntma r k et si nWi ns t onS a l em, As hev i l l e, a ndRa l ei ghDur ha m ha v ea l s odemons t r a t edc ons i s t ent gr owt h. Rel oc a t i ont ot heCa r ol i na si sbei ngdr i v enbyi ndus t r ya ndmedi a . F or besr ec ent l yr a nk ed14 Nor t hCa r ol i nac i t i esi ni t sBes tPl a c est oL i v el i s t . Wi ns t onS a l em ( l oc a l sc a l l i tWi ns t on! ) i ss t r a t egi c a l l y l oc a t edj us tt hr eehour sf r om t hec oa s ta nda nhourf r om t heBl ueRi dgePa r k wa y . Affor da bi l i t yi st he buz zwor di nt heT r i a d, wi t ht heMedi a nS a l esPr i c ehol di ngs t r onga t$167, 000, 6. 37%hi ghert ha n2018. Ra l ei ghDur ha mf ol l owsas i mi l a rt r a j ec t or ywi t hbot hc i t i esex per i enc i ngahi gherMedi a nS a l esPr i c e, but NewL i s t i ngsa ndL i s tPr i c et oS a l esPr i c er a t i osa r eonpa rwi t h2018r es ul t s .Asourbea ut i f ul mount a i n c i t yofAs hev i l l egr owsa ndex pa ndsout wa r d, mor eoppor t uni t i esf orhous i ngpr es entt hems el v es . Wi l k i ns onE RAha ss omuc ht ooffer ! Wea r eex c i t eda boutt hey ea ra hea da ndr ea dyt oa s s i s ty ou, y our c l i ent s , a ndy ourt r a ns f er eesmov i ngi nt oa ndoutoft hema r k et swes er v e. I tha sbeenours i nc er epl ea s ur et owor kwi t hy oua ndwel ookf or wa r dt oawonder f ul y ea ra hea d! J oa nHa r poot l i a nT homa s , S CRPGMS Pr es i dent , Rel oc a t i ona ndCor por a t eS er v i c es Wi l k i ns onE RARea l E s t a t e

CHARL OTTE

RESI DENTI ALSALESSUMMARY I n2 0 1 9 , t heCha r l ot t er e s i de nt i a l r e a l e s t a t ema r k e tfi ni s he dt hede c a deonahi g h. Wi t hr e c or dhomes a l e s , a v e r a g ea ndme di a ns a l e spr i c e s , a nda ni nv e nt or yt ha tha spl a c e dCha r l ot t ei nt het opt e nU. S . hous i ng ma r k e t s , Cha r l ot t e ’ shous i ngboomi sl i k e l yt oc ont i nuet hr oug h2 0 2 0 .es hor t a g eof hous i ngc ont i nue st o dr i v ehomepr i c e supwa r d, wi t hmor ebuy e r sl ook i ngt obuyi nbot he s t a bl i s he dne i g hbor hoodsa nd c ommuni t i e si nt r a ns i t i on. Cha r l ot t ehomes a l e si n2 0 1 9we r ehi g he ri ns a l e sv ol umet ha n2 0 1 8a ndt henumbe rof home ss ol di nc r e a s e d bya l mos t4 %ont hepr e v i ousy e a r .eMe di a nS a l e sP r i c ef oras i ng l e f a mi l yhomeorc ondoi nCha r l ot t el a s t y e a rwa s$ 2 5 8 , 7 3 0 , anot a bl ei nc r e a s eof 8 . 7 6 %! eAv e r a g eP r i c eP e rS qua r eF ootha sr i s e n7 . 1 0 %, whi c hi s c ons i s t e ntwi t hbuy e rde ma nda ndr i s i nghomepr i c e s . F or e c a s t sf or2 0 2 0pr oj e c tas t e a dyi nc r e a s ei ns a l e s , dr i v e nl a r g e l ybyas ol i dj obe c onomy , e duc a t e dwor kf or c e a nda ffor da bi l i t yi nc ompa r i s onwi t ht opt i e rhous i ngma r k e t sl i k eNe wYor k , Chi c a g o, Mi a mi , e t c . . ec ha ng i ngj obma r k e ti nCha r l ot t eha sa t t r a c e dat a l e nt e da nddi v e r s ewor k f or c e , l a r g e l ydr i v e nbyt he mi l l e nni a l a g eg r oup, s e e k i ngmor ea ffor da bl ehous i ngwi t ha nur ba nf oot pr i nt . Cons ume rc onfi de nc er e ma i ns s t r onga ndCha r l ot t es t a ndst obe ne fi tf r omt hee ffe c t sof t hi sf ora tl e a s tt hefi r s tha l f of 2 0 2 0 .

CHARL OTTE CI TYResidential DaysonMar ket Januar y t hr ough December

Li stt oSal esPr i ceRat i o

J anuar y t hr ough Dec ember

Medi anSal esPr i ce Januar y t hr ough December

Sol dHomes/Cl osedSal es J anuar y t hr ough Dec ember

99%

Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$149. 80

$160. 43

7. 10%

19, 527

19, 851

1. 66%

New Li st i ngs Januar y t hr ough December

ME CKL E NBURG COUNTYResidential I n c l u d i n gCh a r l o t t e , Co r n e l i u s , Da v i d s o n , Hu n t e r s v i l l e

DaysonMar ket Januar y t hr ough December

Li stt oSal esPr i ceRat i o

J anuar y t hr ough Dec ember

Medi anSal esPr i ce Januar y t hr ough December

Sol dHomes/Cl osedSal es J anuar y t hr ough Dec ember

99%

Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$148. 58

$157. 17

5. 78%

24, 660

25, 240

2. 35%

New Li st i ngs Januar y t hr ough December

eMe di a nS a l e sP r i c ei n 2 0 1 9f oras i ng l ef a mi l y homei nCha r l ot t ewa s $ 2 5 8 , 7 3 0f ora

Apa r t me ntoc c upa nc yi nCha r l ot t e r e ma i nshe a l t hyi n2 0 1 9 , upape r c e nt a g e poi nton2 0 1 8r e s ul t s , a t9 6 . 2 %*

y e a rov e ry e a ri nc r e a s eof 8 . 7 6 %

eMe di a nS a l e sP r i c ei n 2 0 1 9f oras i ng l ef a mi l y homei nMe c k l e nbur gCount y wa s$ 2 7 0 , 0 0 0f ora y e a rov e ry e a ri nc r e a s eof 7 . 1 4 %

I n2 0 1 9 , t hea v e r a g emont h’ s r e nti nCha r l ot t ewa s$ 1 , 1 4 7 ( $ 2 5 0l e s st ha nt hena t i ona l a v e r a g eof $ 1 , 3 9 3 * ) * Cha r l ot t eBus i ne s sJ our na l 2 0 1 9

L or e mI ps um

CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December

CABARRUSCOUNTY

Li stt oSal esPr i ceRat i o 3 6 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

43 3 9

8 . 3 3 %

3 , 8 5 2 $ 2 2 4 , 8 5 3

4 , 0 8 5 $ 2 4 5 , 0 0 0

6 . 0 5 %

2 . 2 8

$ 1 1 1 . 6 6 4 , 9 5 5

$ 1 1 8 . 8 2

9 9 %

4 , 7 7 7 9 8 %

8 . 9 6 % 1 2 . 2 8 % 6 . 4 1 % 3 . 5 9 % 1 . 0 1 %

AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s

99%

J anuar y t hr ough Dec ember

UNI ONCOUNTY Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

J ANUARY-DE CE MBE R 25, 091

24, 603

1. 94%

CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December

YORKCOUNTY, S C

Li stt oSal esPr i ceRat i o J anuar y t hr ough Dec ember

Medi anSal esPr i ce Januar y t hr ough December

Lor e mI ps um

Sol dHomes/Cl osedSal es

4 3 201 8

2019

4 2

4 3

2 . 3 8 %

4 , 9 7 8

5 , 5 3 0

$ 2 5 5 , 7 2 8

$ 2 6 8 , 0 0 0

1 1 . 0 9 % 4 . 8 0 %

2 . 4 7

2 . 3 2

6 . 0 7 %

$ 1 2 2 . 4 8

$ 1 2 9 . 7 0

5 . 8 9 %

6 , 1 6 3 9 8 %

6 , 5 0 4 9 9 %

5 . 5 3 % 0 . 7 1 %

J ANUARY-DE CE MBE R

99%

J anuar y t hr ough Dec ember

L ANCAS TE RCOUNTY, S C

Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

L or e mi ps um

LI s tt oSa l e sPr i c eRa t i o

25, 091

2018

2019

5 6

5 0

1 0 . 7 1 %

1 , 8 5 0

1 , 9 5 7

5 . 7 8 %

$ 2 7 9 , 0 0 0

$ 2 9 9 , 9 9 0

7 . 5 %

3 . 0 7

2 . 7 5

1 0 . 4 2 %

$ 1 1 8 . 9 4 $150. 71 2 , 2 2 3 9 8 %

5 . 5 3 %

$ 1 2 5 . 5 2 9 . 9 0 % 2 , 3 1 3

4 . 0 5 % 1 . 0 2 %

9 9 %

J ANUARY-DE CE MBE R 24, 603

1. 94%

L or e mI ps um

WI NS TONS AL E M&

HI GHP OI NTResidential DaysonMar ket Januar y t hr ough December

WI NS TONS AL E M

432018 43

Li stt oSal esPr i ceRat i o 4 5 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

2 0 1 9 4 3 3 9

1 3 . 3 3 %

3 , 8 9 5 $ 1 5 7 , 0 0 0

3 , 9 5 0 $ 1 6 7 , 0 0 0

1 . 4 1 %

2 . 6 2

2 . 1 9

$ 9 6 . 2 5 4 , 6 7 0

$ 1 1 4 . 6 4

9 8 %

4 , 5 9 0 9 8 . 5 5 %

6 . 3 7 % 1 6 . 4 1 % 1 9 . 1 1 % 1 . 7 1 % . 5 6 %

AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s

99%

J anuar y t hr ough Dec ember

HI GHP OI NT Mont hsSuppl y Januar y t hr ough December

2 0 1 8

2 0 1 9

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

J ANUARY-DE CE MBE R 25, 091

24, 603

1. 94%

GRE E NS BORO R e s i d e n t i a l

DaysonMar ket Januar y t hr ough December

GRE E NS BORO

Li stt oSal esPr i ceRat i o J anuar y t hr ough Dec ember

Medi anSal esPr i ce Januar y t hr ough December

Lor e mI ps um

Sol dHomes/Cl osedSal es

4 201 83

2019

4 7

3 9

1 7 . 0 2 %

4 , 1 2 9

4 , 4 1 9

$ 1 6 3 , 0 0 0

$ 1 7 5 , 0 0 0

7 . 0 2 % 7 . 3 6 %

2 . 5 2

2 . 6 7

5 . 9 5 %

$ 1 0 0 . 5 2

$ 1 0 5 . 7 1

5 . 1 6 %

4 , 9 5 3 9 8 %

5 , 1 7 5 9 8 %

4 . 4 8 % 0 %

J ANUARY-DE CE MBE R

99%

J anuar y t hr ough Dec ember

AS HE VI L L E

Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

L or e mi ps um

LI s tt oSa l e sPr i c eRa t i o

9 7

25, 091

5 4

5 6

3 . 7 0 %

1 , 5 6 1

1 , 8 4 6

1 8 . 2 6 %

$ 2 6 8 . 0 0 0

$ 2 7 8 , 9 5 0

4 . 0 9 %

3 . 6

2 . 9 9

1 6 . 9 4 %

$ 1 1 4 . 8 2 $150. 71 2 , 1 4 4 9 8 %

3 . 6 1 %

$ 1 1 8 . 9 6 9 . 9 0 % 2 , 2 1 7

3 . 4 0 % 0 . 0 0 %

9 8 %

J ANUARY-DE CE MBE R 24, 603

1. 94%

L or e mI ps um

AS HE VI L L E R e s i d e n t i a l

DaysonMar ket Januar y t hr ough December

AS HE VI L L E

Mo u n t a i n s

2018 Li stt oSal esPr i ceRat i o 5 5 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

20 1 9 4 3 6 6

2 0 . 0 0 %

2 , 0 8 1 $ 3 0 7 , 0 0 0

2 , 2 6 5 $ 3 1 8 , 0 0 0

8 . 8 4 %

3 . 7

4 . 0

$ 1 9 4 . 0 0 2 , 8 7 5

$ 2 0 6 . 9 8

9 7 %

2 , 8 3 7 9 7 %

3 . 5 8 % 8 . 1 1 % 6 . 9 0 % 1 . 3 2 % 0 %

AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s

99%

J anuar y t hr ough Dec ember

HI GHP OI NT Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

J ANUARY-DE CE MBE R 25, 091

24, 603

1. 94%

1 0

L or e mI ps um

RAL E I GH&

DURHAM Residential DaysonMar ket Januar y t hr ough December

RAL E I GH

432 3 0 1 8 2 0 1 8 4

Li stt oSal esPr i ceRat i o 2 4 J anuar y t hr ough Dec ember

Medi anSal es Pr i ceJanuary t hr ough December

2 0 1 9 2 0 1 9 4 3 2 7

1 2 . 5 0 %

8 , 8 7 4 $ 2 7 1 , 5 0 0

9 , 1 1 0 $ 2 7 9 , 0 0 0

2 . 6 6 %

2 . 0 8

1 . 6 8

$ 1 6 6 . 0 0 1 0 , 6 3 3

$ 1 5 9 . 0 0

9 9 %

1 0 , 6 3 1 9 9 %

2 . 7 6 % 1 9 . 2 3 % 4 . 2 2 % 0 . 0 2 % 0 %

AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s

99%

J anuar y t hr ough Dec ember

DURHAM

Mont hsSuppl y Januar y t hr ough December

2 0 2 0 1 8

2 0 1 9 2 0 1

Pr i cePerSquar eFoot Januar y t hr ough December

$137. 13

$150. 71

9. 90%

New Li st i ngs Januar y t hr ough December

J ANUARY-DE CE MBE R 25, 091

24, 603

1. 94%

2019 4, 753

1. 4 BI LLI ON

I NSALES

VOLUME

OUR RE L OCATI ON TE AM J oa nHa r poot l i a noma s , S CRP, GMS P r e s i de nt , Re l oc a t i ona ndCor por a t eS e r v i c e s O: 7 0 4 8 1 5 9 3 0 3 J oa n. oma s @Wi l k i ns onE RA. c om Al l i eoma s , CRP, GDS Vi c eP r e s i de nt , Re l oc a t i ona ndCor por a t eS e r v i c e s O: 7 0 4 8 1 5 9 3 0 5 Al l i e . oma s @Wi l k i ns onE RA. c om Tr a c yHi l l Vi c eP r e s i de nt , Bus i ne s sDe v e l opme nt Cha r l ot t ea ndRa l e i g hDur ha m 7 0 4 5 7 5 9 5 4 5 Tr a c y . Hi l l @Wi l k i ns onE RA. c om Br i t t a nyGe i e r Re l oc a t i onCouns e l or O: 7 0 4 8 1 5 0 4 5 9 Br i t t a ny . Ge i e r @Wi l k i ns onE RA. c om Me l i s s aGi l l e l a nd As s i s t a ntRe l oc a t i onCouns e l or O: 7 0 4 8 1 5 9 3 1 7 Me l i s s a . Gi l e l a nd@Wi l k i ns onE RA. c om S t a c yWa r r e n Re l oc a t i onCouns e l or O: 7 0 4 8 1 5 9 3 1 3 S t a c y . Wa r r e n@Wi l k i ns onE RA. c om Tr i c i aHodg e S e ni orRe l oc a t i onCouns e l or O: 7 0 4 8 1 5 0 4 6 2 Tr i c i a . Hodg e @Wi l k i ns onE RA. c om

Ma i nRe l oc a t i onL i ne 7 0 4 8 1 5 0 4 6 3