www.LuxuryHomeMarketing.com CHARLOTTE NORTH CAROLINA Home of the CLHMS TM 2023 MARCH
12 11 9 14 25 44 25 42 29 19 16 42 50 38 31 2 0 3 5 3 10 15 13 8 12 14 20 19 18 31 $4,500,000+ $3,700,000 - $4,499,999 $3,100,000 - $3,699,999 $2,500,000 - $3,099,999 $2,100,000 - $2,499,999 $1,700,000 - $2,099,999 $1,500,000 - $1,699,999 $1,300,000 - $1,499,999 $1,200,000 - $1,299,999 $1,100,000 - $1,199,999 $1,000,000 - $1,099,999 $900,000 - $999,999 $800,000 - $899,999 $750,000 - $799,999 $700,000 - $749,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 2,999 $805,000 4 3 32 82 39% 3,000 - 3,999 $835,000 4 4 64 142 45% 4,000 - 4,999 $1,129,733 5 5 46 93 49% 5,000 - 5,999 $1,625,000 5 5 20 45 44% 6,000 - 6,999 $1,425,000 5 7 9 27 33% 7,000+ $2,975,000 6 7 2 17 12% CHARLOTTE
HOMES
INVENTORY VS. SALES | FEBRUARY 2023 Luxury Benchmark Price 1: $700,000 Seller's Market 407 Total Inventory: 173 Total Sales: 43% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
SINGLE - FAMILY
LUXURY
CHARLOTTE SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY
164 407 Feb. 2022 Feb. 2023
VARIANCE: 148 %
SALE PRICE PER SQFT.
$280 $279
VARIANCE: 0 %
TOTAL SOLDS
180 173
VARIANCE: - 4 %
SALE TO LIST PRICE RATIO
101.00% 100.00%
VARIANCE: - 1 %
SALES PRICE
VARIANCE: 3 % $965k $994k
DAYS ON MARKET
VARIANCE: 433 % 3 16
CHARLOTTE MARKET SUMMARY | FEBRUARY 2023
• The Charlotte single-family luxury market is a Seller's Market with a 43% Sales Ratio.
• Homes sold for a median of 100.00% of list price in February 2023.
• The most active price band is $700,000-$749,999, where the sales ratio is 100%
• The median luxury sales price for single-family homes is $993,653.
• The median days on market for February 2023 was 16 days, up from 3 in February 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
Solds Median Sales Price Inventory 164 219 292 361 546 602 606 627 645 614 489 467 407 180 288 370 414 495 365 378 345 295 219 200 126 173 $964,576 $947,500 $932,053 $925,000 $915,000 $975,000 $907,500 $960,000 $935,000 $949,900 $942,500 $870,000 $993,653 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023
12 1 2 3 3 4 0 4 3 2 7 5 6 32 50 1 1 1 0 1 2 0 2 0 0 1 4 6 12 29 $1,900,000+ $1,800,000 - $1,899,999 $1,700,000 - $1,799,999 $1,600,000 - $1,699,999 $1,500,000 - $1,599,999 $1,400,000 - $1,499,999 $1,300,000 - $1,399,999 $1,200,000 - $1,299,999 $1,100,000 - $1,199,999 $1,000,000 - $1,099,999 $900,000 - $999,999 $800,000 - $899,999 $700,000 - $799,999 $600,000 - $699,999 $500,000 - $599,999 Inventory Sales
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $525,000 3 2 1 14 7% 1,500 - 1,999 $544,190 3 4 16 35 46% 2,000 - 2,499 $640,181 3 4 24 42 57% 2,500 - 2,999 $658,831 3 4 12 15 80% 3,000 - 3,499 $1,450,000 4 4 3 16 19% 3,500+ $1,180,000 4 4 4 12 33%
Luxury Benchmark Price 1: $500,000 Seller's Market 134 Total Inventory: 60 Total Sales: 45% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
CHARLOTTE ATTACHED HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2023
CHARLOTTE ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY TOTAL SOLDS
SALES PRICE
VARIANCE: 100 % 67 134 VARIANCE: - 21 % 76 60 VARIANCE: - 4 % $641k $615k
SALE PRICE PER SQFT.
VARIANCE: - 3 % $298 $289
SALE TO LIST PRICE RATIO
100.00% 99.69%
VARIANCE: 0 %
DAYS ON MARKET
12 37
VARIANCE: 208 %
CHARLOTTE MARKET SUMMARY | FEBRUARY 2023
• The Charlotte attached luxury market is a Seller's Market with a 45% Sales Ratio.
• Homes sold for a median of 99.69% of list price in February 2023.
• The most active price band is $700,000-$799,999, where the sales ratio is 100%
• The median luxury sales price for attached homes is $615,000.
• The median days on market for February 2023 was 37 days, up from 12 in February 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
67 78 106 122 176 177 170 179 197 198 166 149 134 76 80 77 107 105 78 96 67 74 58 65 45 60 $641,000 $625,000 $645,000 $645,000 $610,000 $624,950 $618,898 $605,000 $618,082 $599,400 $640,000 $582,190 $615,000 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Solds Sale Price Inventory
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