SPR ING 2020
Savvy + Co. Real Estate Market Snapshot
SAVVY + CO. STATS SNAPSHOT AVER AGE SALES PR ICE
$377,000
Savvy + Co.’s average sales price increased from $366,000 in 2019.
DAYS ON MARK ET
PR ICE PER SQ .F T.
14 days less than the average days on market of the entire MLS.
Savvy + Co.’s average price per square foot increased 2.3% in 2019.
31
$182 / sq.ft.
SPRING 2020
CHARLOTTE REGION MARKET UPDATE Includes Alexander, Anson, Cabarrus, Catawba, Cleveland, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, Stanly and Union Counties in North Carolina and Chester, Chesterfield, Lancaster and York Counties in South Carolina
gs More listin
2018
2019
Percent Change
New Listings
2,635
3,785
+5.7%
Closed Sales
3,365
3,943
+17.2%
Median Sales Price
$237,000
$265,675
+12.1%
Average Sales Price
$281,728
$309,752
50
45
Inventory of Homes for Sale
9,747
7,416
-23.9%
Months Supply of Inventory*
2.4
1.7
-29.2%
Days on Market Until Sale
*
+9.9% -10.0%
“Inventory” represents how many months it would take, given recent sales trends, for all homes in the neighborhood to be sold. Generally, more than 6 months of inventory suggests a “buyer’s market.”
SAVVY + CO. STATS SNAPSHOT
ntory... e v n i w o l and yers! u b e r o m s mean
# OF TOWNHOMES / CONDOS SOLD
# OF B EDROOMS SOLD
# OF NEW SAV V Y + CO. FOUR- LEGGED FR IENDS
49 of the townhomes and condos sold by Savvy + Co. in 2019 were new construction.
Savvy + Co. also sold 1,467 bathrooms and 379 half baths (out of 671 total closings!).
Twenty-three dogs were rescued, transported, and pulled from shelters and found their new fur-ever homes!
198
2,126
HEATHER CLAXTON Broker, NC REALTOR® 704.756.3365 heather@savvyandcompany.com www.SavvyHeather.com
23
Spring has Sprung! Spring is in the air and pollen is on the ground. That means prime house hunting season is on in Charlotte and its surrounding areas. Thinking of making a move? I know a thing or two about selling a home (and by thing or two I mean a TON), and I am happy to talk to you. Selling your home doesn’t have to be stressful. But selling then buying in today’s competitive market requires a professional with proven results and a strategic marketing and preparation plan. Take a look at some of the frequently asked questions when it comes to preparing to sell your home and get ready to move into your new digs before summer. How do I know what my home is worth? Ah, the number one question sellers want to know. What is the value of my house and how can I get the most money from the sale? Very good questions. This is where the “real” in real estate agent becomes a huge benefit. I not only use comparable market sold stats but neighborhood information and sales trends to work with you to figure out the magic number so you can get to “sold” quickly and with multiple offers. Why is staging so important to the selling process? Staging not only puts your home in the best light for buyers, it could help you get more money. I can take you room by room and share my vision of how to make your home shine! Let’s chat about the difference between staging and re-stylers and when it’s okay to do it yourself. Which repairs or upgrades are important and which are a waste of money? Sellers are often hesitant about where to put their funds when it comes to getting their home ready to sell. I can tell you how to get the biggest bang for your buck and what improvements can add real value to your home. It’s never too early to prepare for the spring housing market. The sooner you define your priorities and begin making necessary repairs or updates, the closer you are to a successful sale. Buyers are out there RIGHT NOW looking for a home just like yours. Call me today, and let’s schedule a walk-through of your home to see what it will take to get your home show ready.
I R W I N C R E E K G R E E N WAY
DID YOU K NOW?
Charlotte has been ranked #2 in appreciation and best places to buy in 2020! You know the Charlotte market is building equity for you and your family. If you are considering purchasing an investment property, converting your current house to a rental or curious about Airbnb investments, give me a call at (704) 756-3365 or email me at heather@savvyandcompany.com. Let’s grab a cup of coffee, chat about the real estate market, and catch up!
2019 HOT TES T NEIGHB OR HOODS IN THE CHARLOT TE ARE A ( W ITH THE MOS T # OF SALES) 1. 2. 3. 4. 5.
Highland Creek (237 Sales) Myers Park (197) The Palisades (186) The Reserve at Canyon Hills (175) Midwood (167)
1920 E 7th Street Charlotte, NC 28204 704.330.8326
6. Berewick (132) 7. Cotswold (131) 8. Madison Park (121) 9. Stonehaven (86) 10. Dilworth (78)
W W W. S AV V YA N D C O M PA N Y. C O M