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2 0 1 9 F r i ends , Cl i ent s , Col l ea gues , Wha ta ni nc r edi bl edec a def orr ea l es t a t ea c r os st hec ount r ya ndi npa r t i c ul a rher ei nCha r l ot t e. Rec or dbr ea k i ngs a l es , ec onomi cgr owt h, a ndamor edi v er s ec i t y , ha spos i t i onedusf ors uc c es sa ndwe c oul dn’ tbeha ppi erormor egr a t ef ul t oha v eha dt hepr i v i l egeofwor k i ngwi t hy ouov ert hi s pa s ty ea r . 2019wa snodi ffer entt ha n2018i nma nyr es pec t s ; a not herr ec or dbr ea k i ngs a l esy ea rf orbot hWi l k i ns on E RAa ndt heCha r l ot t ea r ea ' sr es i dent i a l ma r k et , hi gherMedi a nS a l esPr i c e, a ndc el ebr a t i ononc ea ga i na s Wi l k i ns onE RA ni s hedt hey ea ra st henumberoneE RAr ea l es t a t er mi nt heCa r ol i na sa ndt henumber t woE RA r mi nt hena t i on! Wec ont i nuet oa c k nowl edgea ndr ec ogni z et heha r dwor ka nda c hi ev ement t ha tpl a c eds oma nyofourS a l esAs s oc i a t esi nt heT op100Pr oduc erc a t egor y . 2020i sa nex c i t i ngy ea rf orCha r l ot t e! Notonl ya r ewebegi nni nganewdec a deofr ea l es t a t e, wea r e s t a r t i ngt owi t nes sac i t yt ha ti sr es pondi ngt hedema ndspl a c eduponi tbyagr owi ngpopul a t i on; a n i nc r ea s i ngl ydi v er s ewor k f or c e, gr ea t erc ons umerc on denc e, a ndaboom i nnewc ons t r uc t i ont ha toffer s c ompet i t i v el ypr i c edi nv ent or yc ompa r edt oot hert opt i erma r k et si nt hec ount r y . I nv ent or yc ont i nuest o bea nur ba nc ha l l engewi t hMont hsS uppl ydr oppi nga ga i ni n2019by1. 04%on2018 gur es . Wi t ht he a dv entofs pr i nga ppr oa c hi ng, we’ r es eei ngt hes el l i ngs ea s onmov eupi nt hec a l enda rt oJ a nua r ya nd F ebr ua r y . Wa r merwi nt er ?Buy erdema nd?Per ha psac ombi na t i onoft het wo. F or mert a l kofma r k etc or r ec t i onsha v ea l l butf a l l ent ot hewa y s i dea sCha r l ot t eex per i enc esc ont i nued ec onomi cgr owt h. Ma i nt a i ni ngt hedema ndf ora ffor da bl ehous i ngwi l l bear ea l c onc er nf or r s t t i me buy er sa ndbuy er si nt heunder$500kbr a c k et . Weex pec tt heCha r l ot t er egi ont os us t a i nadema ndf or r ea l es t a t et hr oughoutt hey ea ra ndi nt o2021. Ourv i br a ntma r k et si nWi ns t onS a l em, As hev i l l e, a ndRa l ei ghDur ha m ha v ea l s odemons t r a t edc ons i s t ent gr owt h. Rel oc a t i ont ot heCa r ol i na si sbei ngdr i v enbyi ndus t r ya ndmedi a . F or besr ec ent l yr a nk ed14 Nor t hCa r ol i nac i t i esi ni t sBes tPl a c est oL i v el i s t . Wi ns t onS a l em ( l oc a l sc a l l i tWi ns t on! ) i ss t r a t egi c a l l y l oc a t edj us tt hr eehour sf r om t hec oa s ta nda nhourf r om t heBl ueRi dgePa r k wa y . Affor da bi l i t yi st he buz zwor di nt heT r i a d, wi t ht heMedi a nS a l esPr i c ehol di ngs t r onga t$167, 000, 6. 37%hi ghert ha n2018. Ra l ei ghDur ha mf ol l owsas i mi l a rt r a j ec t or ywi t hbot hc i t i esex per i enc i ngahi gherMedi a nS a l esPr i c e, but NewL i s t i ngsa ndL i s tPr i c et oS a l esPr i c er a t i osa r eonpa rwi t h2018r es ul t s .Asourbea ut i f ul mount a i n c i t yofAs hev i l l egr owsa ndex pa ndsout wa r d, mor eoppor t uni t i esf orhous i ngpr es entt hems el v es . Wi l k i ns onE RAha ss omuc ht ooffer ! Wea r eex c i t eda boutt hey ea ra hea da ndr ea dyt oa s s i s ty ou, y our c l i ent s , a ndy ourt r a ns f er eesmov i ngi nt oa ndoutoft hema r k et swes er v e. I tha sbeenours i nc er epl ea s ur et owor kwi t hy oua ndwel ookf or wa r dt oawonder f ul y ea ra hea d! J oa nHa r poot l i a nT homa s , S CRPGMS Pr es i dent , Rel oc a t i ona ndCor por a t eS er v i c es Wi l k i ns onE RARea l E s t a t e
CHARLOTTE
RESIDENTIAL SALES SUMMARY In 2019, the Charlotte residential real estate market finished the decade on a high. With record home sales, average and median sales prices, and an inventory that has placed Charlotte in the top ten U.S. housing markets, Charlotte's housing boom is likely to continue through 2020. The shortage of housing continues to drive home prices upward, with more buyers looking to buy in both established neighborhoods and communities in transition. Charlotte home sales in 2019 were higher in sales volume than 2018 and the number of homes sold increased by almost 4% on the previous year. The Median Sales Price for a single-family home or condo in Charlotte last year was $258,730, a notable increase of 8.76%! The Average Price Per Square Foot has risen 7.10%, which is consistent with buyer demand and rising home prices. Forecasts for 2020 project a steady increase in sales, driven largely by a solid job economy, educated work force and affordability in comparison with top-tier housing markets like New York, Chicago, Miami, etc.. The changing job market in Charlotte has at-traced a talented and diverse workforce, largely driven by the millennial age group, seeking more affordable housing with an urban footprint. Consumer confidence remains strong and Charlotte stands to benefit from the effects of this for at least the first half of 2020.
WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW
CHARLOTTE
CI TY Residential Da s on Market
2018 30
List to Sales Price Ratio
2018 99%
2019
%CHANGE
2019
%CHANGE
34
98%
13.33%
-1.01%
Median Sales Price
Sold Homes I Closed Sales
2018
15,948
2019
%CHANGE
$258,730
8.76%
2019
%CHANGE
2019
%CHANGE
2019
%CHANGE
2019
%CHANGE
16,556
3.81%
Months Supply
2018 1.93
1.91
-1.04%
Price Per S $160.43
19,851
7.10%
1.66%
WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW
MECKLENBURG CQ LJ NTY Residential Including Charlotte, Cornelius, Davidson, Huntersville
Da s on Market
2018
2019
33
37
%CHANGE
12.12%
List to Sales Price Ratio 99%
Median Sales Price
Sold Homes I Closed Sales
2019
%CHANGE
2019
%CHANGE
$270,000
7.14%
2019
%CHANGE
2019
%CHANGE
2.11
1.93%
98%
21,045
Months Su
-1.01%
5.08
Price Per S $148.58
2019
%CHANGE
2019
%CHANGE
$157.17
25,240
5.78%
2.35%
The Median Sales Price in 2019 for a single family home in Charlotte was $258,730 for a
Apartment occupancy in Charlotte remains healthy in 2019, up a percentage point on 2018 results, at 96.2%*
year over year increase of 8.76%
The Median Sales Price in 2019 for a single family home in Mecklenburg County was $270,000 for a
year over year increase of 7.14%
In 2019, the average month's rent in Charlotte was $1,147 ( $250 less than the national average of $1,393*) *Charlotte Business Journal 2019
WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW
CHARLOTTE-AREA COUNTIES
Residential
CABARRUS COUNTY Including Concord, Harrisburg JAN THROUGH DEC
2018
2019
%CHANGE
AVG Days on Market
36
39
8.33%
Total Closed Homes
3,852 $224,853
4,085
6.05%
$245,000
8.96%
AVG Months Supply
2.28
2
-12.28%
AVG Price Per Sq Ft
$111.66
$118.82
6.41%
Total New Listings
4,955
4,777
-3.59%
List to Sales Price Ratio
99%
98%
-1.01%
Median Sales Price
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JANUARY - DECEMBER
UN ION COUNTY Including Monroe, Waxhaw, Wedddington JAN THROUGH DEC
2018
2019
%CHANGE
AVG Days on Market
46
46
0%
Total Closed Homes
4,220
4,498
6.59%
Median Sales Price
$300,000
$305,000
1.67%
AVG Months Supply
2.75
2.36
AVG Price Per Sq Ft
$131.64
4.85%
Total New Listings
$125.55 5,265
5,381
2.20%
List to Sales Price Ratio
98%
98%
0%
--------
-14.18
JANUARY - DECEMBER 6
WILKINSON ERA REAL ESTATE 2019 REAL ESTATE YEAR IN REVIEW
CHARLOTTE-AREA
COUNTIES YORK COUNTY, SC
Residential
Including Fort Mill, Lake Wylie, Rock Hill
2018
2019 43
2.38%
Total Closed Homes
4,978
5,530
11.09%
Median Sales Price
$255,728
$268,000
4.80%
AVG Months Supply
2.47
2.32
-6.07%
$122.48
$129.70
5.89%
Total New Listings
6,163
6,504
5.53%
List to Sales Price Ratio
98%
99%
0.71%
JAN THROUGH DEC AVG Days on Market
AVG
Price Per Sq Ft
42
%CHANGE
JANUARY - DECEMBER -------------
LANCASTER COUNTY, SC JAN THROUGH DEC AVG Days on Market
2018 56
2019
%CHANGE
50
-10.71%
Total Closed Homes
1,850
1,957
5.78%
Median Sales Price
$279,000
$299,990
7.5%
AVG Months Supply
3.07
2.75
-10.42%
Price Per Sq Ft
$118.94
$125.52
5.53%
Total New Listings
2,223
2,313
4.05%
List to Sales Price Ratio
98%
99%
1.02%
AVG
7
Including Lancaster, Indian Land
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JANUARY - DECEMBER
2019 4, 753
1. 4 BI LLI ON
I NSALES
VOLUME
2
OUR RELOCATION TEAM Joan Harpootlian Thomas, SCRP, GMS President, Relocation and Corporate Services 0: 704-815-9303 Joan.Thomas@WilkinsonERA.com Allie Thomas, CRP, GOS Vice President, Relocation and Corporate Services 0: 704-815-9305 Allie.Thomas@WilkinsonERA.com Tracy Hill Vice President, Business Development Charlotte and Raleigh-Durham 704-575-9545 Tracy.Hill@WilkinsonERA.com Brittany Geier Relocation Counselor 0: 704-815-0459 Brittany.Geier@WilkinsonERA.com Melissa Gilleland Assistant Relocation Counselor 0: 704-815-9317 Melissa.Gileland@WilkinsonERA.com Stacy Warren Relocation Counselor 0: 704-815-9313 Stacy.Warren@WilkinsonERA.com Tricia Hodge Senior Relocation Counselor 0: 704-815-0462 Tricia.Hodge@WilkinsonERA.com
Main Relocation Line 704-815-0463
Wilkinson� REAL ESTATE REAL ESTATE
RELOCATION AND CORPORATE SERVICES
Wilkinson ERA Real Estate I www.WilkinsonERA.com