www.LuxuryHomeMarketing.com CHARLOTTE NORTH CAROLINA Home of the CLHMS TM 2022 SEPTEMBER
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 21 18 35 36 55 41 39 25 34 30 55 76 65 63 2 4 2 6 11 15 15 21 21 28 29 41 71 48 64
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 2,999 $825,000 4 3 79 132 60% 3,000 - 3,999 $850,900 4 4 149 185 81% 4,000 - 4,999 $1,068,681 5 4 91 143 64% 5,000 - 5,999 $1,135,000 5 5 39 74 53% 6,000 - 6,999 $1,550,000 5 6 9 35 26% 7,000+ $2,400,000 5 7 11 36 31% CHARLOTTE SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | AUGUST 2022 Luxury Benchmark Price 1: $700,000 Seller's Market 606Total Inventory: 378Total Sales: 62%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 | AUGUST 13 - MONTH LUXURY MARKET TREND 4 SoldsMedian Sales Price Inventory 292 305 298 286 213 186 164 219 292 361 546 602 606 317 293 256 265 268 174 180 288 370 414 495 365 378 $935,000 $922,000 $916,500 $950,000 $954,750 $910,000 $964,576 $947,500 $932,053 $925,000 $915,000 $975,000 $907,500 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-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 62% Sales Ratio. • Homes sold for a median of 100.00% of list price in August 2022. • The most active price band is $700,000-$749,999, where the sales ratio is 102% • The median luxury sales price for single-family homes is $907,500. • The median days on market for August 2022 was 6 days, up from 5 in August 2021. CHARLOTTE SINGLE FAMILY HOMES CHARLOTTE MARKET SUMMARY | AUGUST 2022 VARIANCE: 108 % 292 606 Aug. 2021 Aug. 2022 TOTAL INVENTORY VARIANCE: 19 % 317 378 TOTAL SOLDS VARIANCE: 3 % $935k $908k SALES PRICE VARIANCE: 20 % 5 6 DAYS ON MARKET VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO VARIANCE: 5 % $244 $256 SALE PRICE PER SQFT. Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022
Sales
$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
15 1 0 3 5 3 8 4 4 4 6 2 18 38 59 3 0 1 1 0 3 1 0 3 1 2 1 15 21 44
Inventory
CHARLOTTE ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $572,500 2 2 10 12 83% 1,500 - 1,999 $570,000 3 4 35 37 95% 2,000 - 2,499 $706,363 3 4 27 65 42% 2,500 - 2,999 $852,900 3 4 13 33 39% 3,000 - 3,499 $630,000 4 4 5 14 36% 3,500+ $1,700,000 4 5 6 9 67% LUXURY INVENTORY VS. SALES | AUGUST 2022 Luxury Benchmark Price 1: $500,000 Seller's Market 170Total Inventory: 96Total Sales: 56%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.
125 133 135 138 102 91 67 78 106 122 176 177 170 61 59 63 63 63 63 76 80 77 107 105 78 96 $670,000 $587,000 $585,000 $609,750 $621,796 $625,000 $641,000 $625,000 $645,000 $645,000 $610,000 $624,950 $618,898 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 SoldsSale Price Inventory 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. 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 36 % 125 170 VARIANCE: 57 % 61 96 VARIANCE: 8 % $670k $619k SALES PRICE VARIANCE: 62 % 39 15 DAYS ON MARKET VARIANCE: 0 % 100.00% 100.00% SALE TO LIST PRICE RATIO VARIANCE: 9 % $302 $330 SALE PRICE PER SQFT. CHARLOTTE MARKET SUMMARY | AUGUST 2022 CHARLOTTE ATTACHED HOMES • The Charlotte attached luxury market is a Seller's Market with a 56% Sales Ratio. • Homes sold for a median of 100.00% of list price in August 2022. • The most active price band is $1,400,000-$1,499,999, where the sales ratio is 100% • The median luxury sales price for attached homes is $618,898. • The median days on market for August 2022 was 15 days, down from 39 in August 2021. Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 Aug. 2021 Aug. 2022 MEDIAN DATA REVIEW | AUGUST TOTAL INVENTORY TOTAL SOLDS