2021SECONDQUARTERMARKETREPORT Pr e p a r e df o rt heCha r l o t t eAr e a
2 0 2 1 F r i ends , Cl i ent s , Col l ea gues , Wel c omet ot he2021mi dy ea rma r k . Wec ont i nuet obegr a t ef ul t oha v et hepr i v i l egeofwor k i ngwi t h y oui nt hema r k et swepr oudl ys er v et hr oughoutt heCa r ol i na s . T hi ss ummer na l l yf eel sl i k et hepr eCOVI Ds ummerda y sof2019a sourl oc a l bus i nes s esopent hei r door s ; f r om di ni ngr oomsa ndt hea t er s , t oc onc er tv enuesa ndgov er nmentbui l di ngs . Des pi t eour c ol l ec t i v eopt i mi s m, wewi l l c ont i nuet obev i gi l a nta ndma i nt a i nt hehi ghes ts a f et ys t a nda r dsa nd s howi ngpr ot oc ol st ha ti ns ur es a f et yf orbot houra gent sa ndt hei rc l i ent s . T hehous i ngma r k ett hr oughoutNor t hCa r ol i nai sex per i enc i ngunpr ec edent eddema ndf r om buy er s whoa r ec omi ngt oourl a r germet r oa r ea s . Mor t ga ger a t esr ema i na t t r a c t i v et obuy er s , howev era gr owi ngper c ent a geofc a s hbuy er sa r eent er i ngt hema r k et , ma nyc omi ngf r om s t a t eswi t hahi gher c os tofl i v i ng, ar i s i ngr emot ewor k erpopul a t i on, a ndt hos emov i ngf r om “ c l i ma t ec r i s i s ”a r ea s . Whi l ewe r ema i ni nas ol i d“ s el l er ’ sma r k et ” , ma nybuy er sa r ef a c i nga ni mpos s i bl et oi gnor es hor t a geofhomes ont hema r k eta ndc ont i nuet o ndoura r eas t a t i s t i c ss queez edt obot ht hel owes t( Da y sonMa r k et ) a nd hi ghes t( L i s tPr i c et oS a l esPr i c e) endsoft hes pec t r um. Wha ta r eourr ea l es t a t epr edi c t i onsf ort het hi r dqua r t erof2021?Pr et t ymuc hami r r ori ma geoft he s ec ondqua r t er , wi t hMedi a nL i s tPr i c esc ont i nui ngt oc l i mba nddema ndf orhomesa ta na l l t i mehi gh. T heMedi a nS a l esPr i c ef orahomei nCha r l ot t ei sa t$340, 000, up19. 3%s i nc et hes ec ondqua r t erof 2020a ndwea r ec on dentt her i s i ngmedi a npr i c ea ndl owhous i ngi nv ent or ywi l l mos tdeni t el y c ont i nuei nt ot het hi r da ndf our t hqua r t er sof2021. Weex pec tt os eec ont i nueddema ndf orhomes t hr oughoutouri nt er na t i ona l l y r a nk edma j orma r k et si nCha r l ot t e, Wi ns t onS a l em a ndt heT r i a d, Ra l ei gh’ sT r i a ngl eAr ea , a ndt hemount a i nsma r k eti nAs hev i l l ea ndHender s onv i l l e. Youma yha v eques t i onsa boutma k i ngamov e, wha ty ourhomemi ghtbewor t h, orwha t i si nv ol v edi nput t i ngahomeupf ors a l e. L etourpr of es s i ona l RE AL T ORS ®her ea tWi l k i ns onE RAgui de y out hr ought heent i r epr oc es s — Wea r ea l wa y sa v a i l a bl et oa ns wera nyques t i onsy ouma yha v e! Wea r epl ea s edt os ha r eourk nowl edgewi t hy oua boutt woofourf a v or i t et opi c s r ea l es t a t ea nd r el oc a t i on—a ndwewi s hev er y onegoodhea l t ha ndpr os per i t yf ort hi st hi r dqua r t erof2021! J oa nT homa s , S CRP, GDS 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
CHARL OTTEAREA Thes ec ondqua r t erf ort heCha r l ot t eRegi onr es i dent i a l r ea l es t a t ema r k ett el l sawel l t ol dt a l eof s hr i nk i ngi nv ent or yt hr oughoutt hea r ea . I ta l s os howeda ni nc r ea s ei nNewL i s t i ngs , whi c hwa s metwi t hgr ea tbuy erent hus i a s ma nda25. 3%i nc r ea s ei ns ol dhomesi nt hes ec ondqua r t er . Asweent ert het hi r dqua r t erwes eeac ont i nuedr i s ei nt heMedi a nS a l esPr i c ea ndPr i c ePer S qua r eF oot . Buy erdema nda ndt hel owi nv ent or yha v er es ul t edi nar ec or dl owof19Da y son Ma r k et . Ke yo b s e r v a t i o n sf r o mt h i sS e c o n dQu a r t e r2 0 2 1Ch a r l o t t eAr e aMa r k e tRe p o r ta r e : Wow! Homesi nCha r l ot t ea r es el l i ngf or102%ofa s k i ngpr i c ei nt hi sa c t i v es el l er ’ sma r k et ! NewL i s t i ngsi nCha r l ot t ea r e na l l ymov i ngupwa r dswi t ha ni nc r ea s eofnewhomesonma r k etby 13. 71%ov er2020r es ul t s . Onc ea ga i n, t hes ec ondqua r t er( wi t ht heex c ept i onofAs hev i l l e) I nv ent or y( orMont h’ sS uppl y ) i na l l of ourma r k et si sa ni nc r edi bl emont horl es s , t hel owes ts uppl yt hi sy ea ra ndunpr ec edent edi nr ec ent y ea r s . Al l ofourma r k et sex per i enc edas t eepdec l i nei nt henumberofDa y sonMa r k ett os el l ahome–s ome a smuc ha s71. 43%( Mec k l enbur gCount y ) !
2
CHARL OTTE CI TYResidential DaysonMar ket Apr i l Thr ough June
43
Li stt oSal esPr i ceRat i o
43
43
Apr i l Thr ough June
Medi anSal esPr i ce Apr i l Thr ough June
Sol dHomes/Cl osedSal es Apr i l Thr ough June
99%
Mont hsSuppl y Apr i l Thr ough June
Pr i cePerSquar eFoot Apr i l Thr ough June
$209. 59
$175. 14
19. 67%
5523
4, 857
13. 71%
New Li st i ngs Apr i l Thr ough June
3
Char l ot t eOc c upi edHous i ngUni t s * * 58%ofhomesa r eowner oc c upi edhous ehol ds a nd41%a r er ent er oc c upi edhous ehol ds
* Rent J ungl e. c om * *Rent Ca f e. c om
ME CKL E NBURG COUNTYResidential I n c l u d i n gCh a r l o t t e , Co r n e l i u s , Da v i d s o n , Hu n t e r s v i l l e
DaysonMar ket Apr i l Thr ough June
43
Li stt oSal esPr i ceRat i o
43
43
Apr i l Thr ough June
Medi anSal esPr i ce Apr i l Thr ough June
Sol dHomes/Cl osedSal es Apr i l Thr ough June
99%
Mont hsSuppl y Apr i l Thr ough June
Pr i cePerSquar eFoot Apr i l Thr ough June
$169. 99
$140. 17
21. 27%
1552
1234
25. 77%
New Li st i ngs Apr i l Thr ough June
4
L or e mI ps um
CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December AP RI LTHROUGHMA J UN E R
CABARRUSCOUNTY
43
43
43
Li stt oSal esPr i ceRat i o 1 2 Januar y t hr ough December
Medi anSal es Pr i ceJanuary t hr ough December
3 3
1 0 6 2 $ 3 0 2 , 1 5 0
9 7 4 $ 2 6 5 , 0 0 0
0 . 5
1 . 5
$ 1 5 5 . 1 2 1 3 3 3
$ 1 2 9 . 0 2 1 1 7 7 9 9 %
1 0 2 %
A I L-J UNE Sol dHomes/Cl osedSal eP sR Januar y t hr ough December
6 3 . 6 4 % 9 . 0 3 % 1 4 . 0 2 % 6 6 . 6 7 % 2 0 . 2 3 % 1 3 . 2 5 % 3 . 0 3 %
99%
UNI ONCOUNTY Mo n t h s SU u p l y AP RI L TH RO G Hp J U N E MA R Januar y t hr ough December
Pr i cePerSquar eFoot Januar y t hr ough December
$137. 13
$150. 71
9. 90%
New Li st i ngs Januar y t hr ough December
AP RI L-J UNE 25, 091
24, 603
1. 94%
6
CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December
YORKCOUNTY, S C
43
43
AP RI LTHROUGHMA J UN E R
Li stt oSal esPr i ceRat i o Januar y t hr ough December
Medi anSal esPr i ce Januar y t hr ough December
Sol dHomes/Cl osedSal es
4 3 202 1
2020
1 3
3 5
6 2 . 8 6 %
1 , 5 7 4
1 , 4 6 4
$ 3 2 6 , 4 5 0
$ 2 8 2 , 9 9 5
7 . 5 1 % 1 5 . 3 6 %
0 . 6
1 . 7 3
6 5 . 3 2 %
$ 1 6 5 . 2 4
$ 1 3 7 . 2 1
2 0 . 4 3 %
1 7 4 7 1 0 2 %
1 5 1 4 9 9 %
1 5 . 3 9 % 3 . 0 3 %
AP RI L-J UNE
99%
Januar y t hr ough December
L ANCAS TE RCOUNTY, S C
Mont hsSuppl y Januar y t hr ough December
AP RI LTHROUGHMA J UN E R
Pr i cePerSquar eFoot Januar y t hr ough December
$137. 13
L or e mi ps um 7
25, 091
2021
2020
1 2
4 9
7 5 . 5 1 %
6 1 6
5 4 5
1 3 . 0 3 %
$ 3 6 5 , 6 2 0
$ 3 1 9 , 0 0 0
1 4 . 6 1 %
0 . 6
1 . 8
6 6 . 6 7 %
$ 1 5 2 . 8 8 $150. 71 5 7 3
1 7 . 5 0 %
$ 1 3 0 . 1 1 9 . 9 0 % 6 6 4
1 0 1 %
1 3 . 7 0 % 2 . 0 2 %
9 9 %
AP RI L-J UNE 24, 603
1. 94%
3
A
S TANL YCO.
R e s i d e n t i a l
DaysonMar ket J u l y R e s u l t s A p r i l R e s u l t s
43 Li stt oSal esPr i ceRat i o
43
43
A p r i lR e s u l t s J u l y e s u l t s
Medi anSal esPr i ce A p r i lR e s u l t s J u l y Re s u l t s
Sol dHomes/Cl osedSal es AJ p r i l R u l t u l y Res u l t s
Apr i lRes ul t s
99%
I nvent or yofHomesf orSal e Ap r i l R e s ul l t s J u l y R e s u t s
Mont h’ sSuppl y Ap r i l RR e s u l t s J u l y e s u l t s
New Li st i ngs ApJ r i l R s u l t s u l ye Re s u l t s 8