Home of the CLHMS TM
www.LuxuryHomeMarketing.com CHARLOTTE NORTH CAROLINA
2022 OCTOBER
Inventory Sales
$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
13 20 15 32 34 53 37 46 37 28 27 55 81 76 73 1 4 4 7 9 19 25 20 17 28 24 40 59 29 59
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 2,999 $832,500 4 3 74 147 50% 3,000 - 3,999 $875,000 4 4 137 197 70% 4,000 - 4,999 $1,100,000 5 5 76 148 51% 5,000 - 5,999 $1,525,000 5 5 39 67 58% 6,000 - 6,999 $1,637,000 5 6 12 37 32% 7,000+ $2,900,000 5 6 7 31 23% CHARLOTTE SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | SEPTEMBER 2022 Luxury Benchmark Price 1: $700,000 Seller's Market 627Total Inventory: 345Total Sales: 55%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.
MEDIAN DATA REVIEW | SEPTEMBER 13 - MONTH LUXURY MARKET TREND 4 SoldsMedian Sales Price Inventory 305 298 286 213 186 164 219 292 361 546 602 606 627 293 256 265 268 174 180 288 370 414 495 365 378 345 $922,000 $916,500 $950,000 $954,750 $910,000 $964,576 $947,500 $932,053 $925,000 $915,000 $975,000 $907,500 $960,000 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 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. • The Charlotte single-family luxury market is a Seller's Market with a 55% Sales Ratio. • Homes sold for a median of 100.00% of list price in September 2022. • The most active price band is $1,100,000-$1,199,999, where the sales ratio is 100% • The median luxury sales price for single-family homes is $960,000. • The median days on market for September 2022 was 7 days, up from 5 in September 2021. CHARLOTTE SINGLE FAMILY HOMES CHARLOTTE MARKET SUMMARY | SEPTEMBER 2022 VARIANCE: 106 % 305 627 Sept. 2021 Sept. 2022 TOTAL INVENTORY VARIANCE: 18 % 293 345 TOTAL SOLDS VARIANCE: 4 % $922k $960k SALES PRICE VARIANCE: 40 % 5 7 DAYS ON MARKET VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO VARIANCE: 9 % $250 $272 SALE PRICE PER SQFT. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022