PREPAREDFORTHEAREASWESERVE
F r i ends , Cl i ent s , Col l ea gues , 2020wa say ea rofc ons i der a bl ec ha ngea ndpr es ent edusa l l wi t hunf or es eenc ha l l enges . I tha s a l s obeena noppor t uni t yt os howot her swha tma k esuss t r ong—bei ngi nt hes er v i c eofot her s a ndgi v i ngba c kt oourc ommuni t i es . Thi spa s ty ea rha sl i mi t edoura bi l i t yt opl a na hea d, f or c i ng ust obepr es enta ndmi ndf ul oft heher ea ndnow. I tha st a ughtuss omuc hi nt hepr oc es sa nd ha sr ea ffir medourc ommi t mentt oourpr of es s i ona ndt oea c hot her . Ast hei mpa c tofCOVI D19c ont i nuest ounf ol dbef or eus , ourhea r t sgooutt ot hema nypeopl e a r oundt hewor l dwhoha v ebeena ffec t ed. Des pi t et her ec or dbr ea k i ngs a l esof2019, 2020 ni s hedt hey ea ronas i mi l a rt r a j ec t or yofs a l es s uc c es s . Cha r l ot t ea ndourma j orma r k et si nRa l ei gh, Wi ns t onS a l em, a ndAs hev i l l ea l l c ont i nued t oex per i enc eas hr i nk i ngi nv ent or ya c r os smos tpr i c epoi nt s . Asi nv ent or ydepl et es , t hegr owt h oft hea v er a ges a l espr i c ec ont i nuest or i s eduet odema nd. Aga i ni n2020, wec ont i nuet o a c k nowl edgea ndr ec ogni z et heha r dwor ka nda mbi t i ont ha tpl a c edev enmor eofourS a l es As s oc i a t esi nt heE RAa wa r dc a t egor i esofCi r c l eofHonor , Ci r c l eofAc hi ev ement , a ndt hehi ghes t s a l espr oduc t i ona wa r d, L ea der s ’ Ci r c l e. Wha tt oex pec ti n2021?We’ l l c ont i nuet os eet heeffec t sofahous i ngma r k eti nt hemi ds tofa pa ndemi c . I nc r ea s edbuy er si nourl oc a l ma r k et , ma nyc omi ngf r om outofs t a t eduet oc l i ma t e r el oc a t i on, r et i r ement , orj us tbuy er ss eek i ngmor es pa c ea ndas l owerpa c et ha nt ha tofl a r ger met r oa r ea s . Thel owi nt er es tr a t ea l s oa c c ount sf ora ni nc r ea s ei nbuy er s , i dea l f or r s t t i me buy er sa ndourev er ex pa ndi ngmi l l enni a l ma r k et . Weex pec tt hi st oc ont i nuet hr oughout Cha r l ot t ea ndt hewi dermet r oa r et os us t a i nadema ndf orhous i ngt hr oughoutt hey ea r . Youma yha v eques t i onsa boutma k i ngamov e, wha ty ourhomemi ghtbewor t h, a ndwha ti s i nv ol v edi nput t i ngahomeupf ors a l e. L etourk nowl edgea bl ea ndex per i enc edBr ok er sa nd RE AL TORS ®her ea tWi l k i ns onE RARea l E s t a t ea ndourf a mi l yofc ompa ni es , wa l ky out hr ought he ent 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. Onc ea ga i n, t ha nky ouf ort heoppor t uni t yt os er v ey ou.
E bMoor e Pr es i dent&CE O Ca r ol i naMount a i nS a l es
CHARLOTTE
RESIDENTIAL SALES SUMMARY In 2020, the Charlotte residential real estate market began its first year of the new decade, in a period of great change and uncertainty. Despite this, all areas reported increased or record, home sales to end the year. Whether it was average and median sales prices, or an inventory that once again ranked Charlotte as the #3 best U.S. housing market, Charlotte's housing boom shows no signs of slowing down. We expect the sales pace to continue throughout 2021, slowed only slightly by the possible prospect of higher mortgage interest rates. Inventory is still one of the largest housing-related challenges to affect buyers throughout the Charlotte metro area. It's clearly still a "Seller's Market" in the Charlotte area, with inventory pushing buyers beyond the city borders, into rapidly growing communities. Charlotte home sales in 2020 were marginally higher in Closed Homes than 2019, with just over a 2% rise. The Median Sales Price for a single-family home or condo in Charlotte last year was $285,000, a notable increase of 10.54%! The Average Price Per Square Foot has risen to $175.35, an increase of 9.17%, which is consistent with buyer demand and rising home prices. All market predictions for 2021 project a steady increase in sales, driven largely by an influx of skilled workers, professionals, and retirees from feeder states like New Jersey, Florida, and the Midwest. Consumer confidence is still strong, and Charlotte appears to be on the right side of this real estate boom, for at least the first half of 2021.
CHARL OTTE CI TYResidential DaysonMar ket Januar y t hr ough December
43
Li stt oSal esPr i ceRat i o
43
43
J anuar y t hr ough Dec ember
Medi anSal esPr i ce Januar y t hr ough December
Sol dHomes/Cl osedSal es J anuar y t hr ough Dec ember
99%
Mont hsSuppl y Januar y t hr ough December
Pr i cePerSquar eFoot Januar y t hr ough December
$160. 62
$175. 35
9. 17%
19, 991
19, 507
2. 42%
New Li st i ngs Januar y t hr ough December
3
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 Januar y t hr ough December
43
Li stt oSal esPr i ceRat i o
43
43
J anuar y t hr ough Dec ember
Medi anSal esPr i ce Januar y t hr ough December
Sol dHomes/Cl osedSal es J anuar y t hr ough Dec ember
99%
Mont hsSuppl y Januar y t hr ough December
Pr i cePerSquar eFoot Januar y t hr ough December
$157. 17
$172. 28
8. 88%
25, 240
24, 523
3. 56%
New Li st i ngs Januar y t hr ough December
4
Char l ot t eOc c upi edHous i ngUni t s * * 59%ofhomesa r eowner oc c upi edhous ehol ds a nd40%a r er ent er oc c upi edhous ehol ds
AsofDec ember , 2020, t heAver ageMont h’ sRent i nCha r l ot t ewa s$1, 584 ( a3. 8%i nc r ea s eon2019) *
* Ca nopyML S* *Rent Ca f e. c om
L or e mI ps um
CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December
CABARRUSCOUNTY
43
43
Li stt oSal esPr i ceRat i o 3 9 J anuar y t hr ough Dec ember
Medi anSal es Pr i ceJanuary t hr ough December
43 3 0
4 , 1 2 0 $ 2 4 5 , 0 0 0
4 , 1 4 9 $ 2 6 8 , 9 9 0
2 . 0 3
1 . 2 1
$ 1 1 8 . 8 9 4 , 8 4 9
$ 1 3 2 . 3 9
9 8 %
4 , 4 6 3 9 9 %
2 3 . 0 8 % 0 . 7 0 % 9 . 7 9 % 4 0 . 3 9 % 1 1 . 3 6 % 7 . 9 6 % 1 . 0 2 %
AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s
99%
J anuar y t hr ough Dec ember
UNI ONCOUNTY Mont hsSuppl y 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
J ANUARY-DE CE MBE R 25, 091
24, 603
1. 94%
6
WILKINSON ERA REAL ESTATE 2020 REAL ESTATE YEAR IN REVIEW
CHARLOTTE-AREA
COUNTIES YORK COUNTY, SC
Residential
Including Fort Mill, Lake Wylie, Rock Hill
2019
2020 33
-23.26%
Total Closed Homes
5,549
5,592
0.77%
Median Sales Price
$268,000
$289,900
8.17%
AVG Months Supply
2.42
1.74
-28.10%
AVG Price Per Sq Ft
$129.41
$140.07
8.24%
Total New Listings
7,144
6,154
-13.86%
List to Sales Price Ratio
99%
99%
0.51%
JAN THROUGH DEC AVG Days on Market
43
%CHANGE
JANUARY - DECEMBER -------------
LANCASTER COUNTY, SC
2019
%CHANGE
AVG Days on Market
50
2020 43
-14.00%
Total Closed Homes
1,969
2,283
15.95%
Median Sales Price
$300,000
$325,000
8.33%
AVG Months Supply
2.79
1.66
-40.50%
JAN THROUGH DEC
7
Including Lancaster, Indian Land
AVG Price Per Sq Ft
$125.68
$133.91
6.55%
Total New Listings
2,474
2,443
-1.25%
List to Sales Price Ratio
99%
99%
0.0%
-------
JANUARY - DECEMBER
WILKINSON ERA REAL ESTATE 2020 REAL ESTATE YEAR IN REVIEW
WINSTON SALEM &
HIGH PQINTResidential WINSTON SALEM JAN THROUGH DEC
2019
2020
AVG Days on Market
39
34
-12.82%
Total Closed Homes
3,970 $167,000
3946
-0.60%
$192,000
14.97%
AVG Months Supply
2.2
1.58
-28.18%
AVG Price Per Sq Ft
$114.54
$112.91
-1.42%
Total New Listings
4,589
4,393
-4.27%
List to Sales Price Ratio
115%
NA
Median Sales Price
--------
%CHANGE
NA%
JANUARY - DECEMBER
HIGH POINT JAN THROUGH DEC
2019
2020
%CHANGE
AVG Days on Market
40
33
-17.50%
Total Closed Homes
1,556
1,571
0.96%
Median Sales Price
$161,000
$182,000
13.04%
AVG Months Supply
2.37
1.62
-31.65%
AVG Price Per Sq Ft
$99.44
10.91%
Total New Listings
$89.66 1,862
1,745
-6.28%
List to Sales Price Ratio
97%
98%
1.03%
--------
JANUARY - DECEMBER 8
GRE E NS BORO R e s i d e n t i a l
DaysonMar ket Januar y t hr ough December
GRE E NS BORO
43
Li stt oSal esPr i ceRat i o J anuar y t hr ough Dec ember
Medi anSal esPr i ce Januar y t hr ough December
Lor e mI ps um
Sol dHomes/Cl osedSal es
4 201 93
2020
3 9
3 0
2 3 . 0 8 %
4 , 4 1 9
4 , 5 8 5
$ 1 7 5 , 0 0 0
$ 1 9 9 , 0 0 0
3 . 2 9 % 1 0 . 6 2 %
2 . 6 7
1 . 4 8
4 7 . 7 0 %
$ 1 0 5 . 7 1
$ 1 1 4 . 9 5
8 . 7 9 %
5 , 1 7 5 9 8 %
5 , 2 7 0 9 9 %
1 . 8 4 % 0 . 8 2 %
J ANUARY-DE CE MBE R
99%
J anuar y t hr ough Dec ember
AS HE VI L L E
Mont hsSuppl y Januar y t hr ough December
Pr i cePerSquar eFoot Januar y t hr ough December
$137. 13
L or e mi ps um
LI s tt oSa l e sPr i c eRa t i o
9 7
25, 091
5 4
5 6
3 . 7 0 %
1 , 5 6 1
1 , 8 4 6
1 8 . 2 6 %
$ 2 6 8 . 0 0 0
$ 2 7 8 , 9 5 0
4 . 0 9 %
3 . 6
2 . 9 9
1 6 . 9 4 %
$ 1 1 4 . 8 2 $150. 71 2 , 1 4 4 9 8 %
3 . 6 1 %
$ 1 1 8 . 9 6 9 . 9 0 % 2 , 2 1 7
3 . 4 0 % 0 . 0 0 %
9 8 %
J ANUARY-DE CE MBE R 24, 603
1. 94%
3
L or e mI ps um
AS HE VI L L E R e s i d e n t i a l
DaysonMar ket Januar y t hr ough December
AS HE VI L L E
Mo u n t a i n s
2019 Li stt oSal esPr i ceRat i o 6 6 J anuar y t hr ough Dec ember
Medi anSal es Pr i ceJanuary t hr ough December
43
20 2 0 4 3 5 1
2 2 . 7 3 %
2 , 2 6 8 $ 3 1 8 , 0 0 0
2 , 3 3 4 $ 3 5 4 , 0 0 0
2 . 9 1 %
4 . 0 9
3 . 0 2
$ 2 1 7 . 2 9 2 , 8 4 6
$ 2 3 2 . 0 9
9 7 %
2 , 7 8 2 9 8 %
1 1 . 3 2 % 2 6 . 1 6 % 6 . 8 1 % 2 . 2 5 % 1 . 0 3 %
AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s
99%
J anuar y t hr ough Dec ember
HI GHP OI NT Mont hsSuppl y 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
J ANUARY-DE CE MBE R 25, 091
24, 603
1. 94%
6
1 0
L or e mI ps um
RAL E I GH&
DURHAM Residential DaysonMar ket Januar y t hr ough December
RAL E I GH
432 3 0 1 8 2 0 1 9 4
Li stt oSal esPr i ceRat i o 2 7 J anuar y t hr ough Dec ember
Medi anSal es Pr i ceJanuary t hr ough December
2 0 1 9 2 0 2 0 4 3 2 4
1 1 . 1 1 %
9 , 1 1 9 $ 2 7 1 , 5 0 0
9 , 9 4 3 $ 2 7 9 , 0 0 0
4 . 1 0 %
2 . 0 2
1 . 4 3
$ 1 5 9 . 0 0 1 0 , 6 4 8
$ 1 9 3 . 0 0 1 0 , 3 3 9
2 1 . 3 8 % 2 . 9 0 %
9 9 %
9 9 %
0 %
2 . 7 6 % 2 9 . 2 1 %
AS Na U A RY-DE CE MBE R Sol dHomes/Cl oseJ d l e s
99%
J anuar y t hr ough Dec ember
DURHAM
Mont hsSuppl y Januar y t hr ough December
2 0 8 2 0 1 9
2 0 2 0 2 0 1 9
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
J ANUARY-DE CE MBE R 25, 091
24, 603
1. 94%
11