We are proud to announce that Charlotte, once again, has been recognized internationally as a premier place to work and live. This month, Charlotte has been named as one of the top luxury markets across North America in the Luxury Market Report, a monthly report produced by The Institute for Luxury Home Marketing.* The report provides an in-depth look at the top residential markets across the United States and Canada. It is compiled based on sales prices, sales volumes, number of sales, sales-price-to-list-price ratios, days on market and price-per-square-foot. Per that criteria, Charlotte qualified as one of the most active markets. Charlotte’s impressive stats displayed in the report are below for reference:
Median list price: $657,436
Median sold price: $618,082
New Listings: 44
Days on Market: 15
Market status: Seller’s
Charlotte’s current seller’s market tends to put sellers at an advantage. With relatively few homes on the market and high demand, competition between buyers can arise and ultimately sales prices can be driven up. If you are not currently working with an agent and thinking of selling your home now or in the spring, contact a Dickens Mitchener agent or VP of Relocation Catharine Pappas to set up a consultation. Our agents have a wealth of information and are an excellent resource if you are seeking more information about Charlotte or potentially moving to our area.
*All data is from The Institute for Luxury Home Marketing. Charlotte was included in the November 2022 report.