SPR ING 2021
Savvy + Co. Real Estate Market Snapshot
SAVVY + CO. STATS SNAPSHOT
ers Savvy sell oney! get more m
AVER AGE SALES PR ICE
DAYS ON MARK ET
SP/OP % - LIS T SIDE
Savvy’s average sales price increased from $377,000 this time last year.
17 days less than the average of the Charlotte region in February.
The entire MLS average sold price to original price percentage in February was 98.5%.
$460,314
13
99.3%
SPRING 2021
CHARLOTTE REGION MARKET UPDATE The Charlotte Metropolitan Service Area (Charlotte MSA) also includes the cities of Gastonia, Concord, Huntersville, and Rock Hill as well as the large suburban area in the counties surrounding Mecklenburg County.
gs are n i t s i l w e N .. down, but.
February 2021
February 2021
Percent Change
New Listings
4,021
3,781
-6.0%
Closed Sales
2,816
2,963
Median Sales Price
$268,253
$300,000
+11.8%
Average Sales Price
$312,208
$351,218
+12.5%
Average Days on Market
48
30
-37.5%
Shows To Pending Buyers
20
22
Months Supply of Inventory
1.8
0.6
* Source: SAM | Canopy Real Estate Association. Area: Charlotte MSA, Property Type: Single-Family & Condo-Townhome, Sales Type: Traditional
*
*
+5.2%
+10.0% -66.7%
there t u o e r a ... buyers ! looking now
SAVVY + CO. STATS SNAPSHOT # OF TOWNHOMES / CONDOS SOLD
TOTAL # OF LIS TINGS SOLD
# OF NEW SAV V Y + CO. FOUR- LEGGED FR IENDS
57 of the townhomes and condos sold by Savvy + Co. in 2020 were new construction.
That’s 2,345 bedrooms, 1,681 bathrooms and 424 half baths sold by Savvy in 2020!
Twenty-six dogs were rescued, transported, and pulled from shelters and found their new fur-ever homes!
201
726
HEATHER CLAXTON Broker, NC REALTOR® 704.756.3365 heather@savvyandcompany.com www.SavvyHeather.com
26
How COVID-19 is changing home design inside and out There’s no doubt the pandemic has changed almost everything about everyday life – from work to entertainment, shopping to education. Home design is also responding to our “new normal” too! Check out some of the ways home design and function could look different in the future. Multi-Use Space Today’s homes are pulling double – and even triple-duty. No longer just a place to eat, sleep and entertain, your address is now the office, gym, favorite restaurant, creative outlet and so much more. Homes with a finished basement, extra bedroom, loft, enclosed porch or other areas with space to spread out and dive into work or hobbies are now popular. The Great Outdoors When staying connected to friends and family means being six feet apart, a large, versatile outdoor space is quickly moving to the top of the “must-have” list. Today’s homeowners are looking for large decks, built-in fire pits, fenced yards, gardens and other outside places to relax, work and play offer a change of scenery. Low Touch Technology No-touch features make life easier and cleaner! With keyless entry, touchless thermostats, automatic faucets and refrigerators that can tell you what you need without opening the door – be assured this technology will really make a home standout. Added Storage Less trips to the store means a higher demand for storage space. Larger pantries, garages, attics, basements and furnishings that can keep food and supplies hidden will continue to be a hot commodity. If you and your crew are looking for a home with these or other features, let’s explore the possibilities together. This is the perfect time to assess if your abode is a good match for your lifestyle today and into the future. Call me at (704) 756-3365 or email me at heather@savvyheather.com and let’s get started!
I R W I N C R E E K G R E E N WAY
DID YOU K NOW?
*
Inventory in February was at 0.6 months. entory v n i f o s h t What does this mean for you? 6 mon lanced market is a ba
2020 outperformed 2019 sales in our region, rising nearly 6%. While 2021 is off to a solid start, January sales were down about 25% compared to the flurry of sales we saw in December. This is due to the lack of inventory, and will continue to impact prices, especially given the increased competition among buyers. The smartest thing you can do in today’s competitive market is to hire a professional with proven results that knows how to navigate a low inventory market. Whether you’re thinking of buying, selling or know someone who is, call me today at (704) 756-3365 and let’s talk about how we can take advantage of current market conditions.
TOP TEN MOS T SE ARCHED NEIGHB OR HOODS ON THE SAV V Y + CO. WEBSITE IN 2020 1. 2. 3. 4. 5.
Dilworth Midwood Sedgefield Chantilly Southend
6. 7. 8. 9. 10.
Elizabeth Huntersville Highland Creek Southpark Fort Mill
Savvy Stats on Cover: Source: BrokerMetrics, 1/1/21 - 3/11/21, Search: All MLS, Property Type: Single-Family & Condo-Townhome, Construction Type: Resale Only
1920 E 7th Street Charlotte, NC 28204 704.330.8326
W W W. S AV V YA N D C O M PA N Y. C O M