It is a new year, and everyone I have spoken with is excited to tackle new goals living their personal and business lives in a deeper way this year. All of us have had challenges in 2021, and when New Year’s day came along, many…
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Celebrating Progress in Charlotte
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New High for Median Real Estate Price in Charlotte
A new median home price of $400,000 was reached November which marks a new record for Mecklenburg County single family home sales. This represents a 21% increase over the median price in the same month last year. The average sales price is still below its…
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Real Estate Prices and Inflation
For the past 12 months, the year over year change in median home price has averaged an increase of 17%. People say things like, “this real estate market is crazy!” and I often get the question, “when are prices going to come back down?” Over…
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Charlotte Real Estate Lockstep with National Averages
Charlotte is an incredible city full of opportunity, growth and vibrancy. It is simply a great place to live. Looking through the lens of real estate, many outsiders look at Charlotte as an affordable city and a great place to move in order to get…
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Charlotte Update: End of Summer Stats Show…
Wednesday marks the first day of autumn. The season change is here and the signs will start showing up all around us. Kids are back in school, stores are carrying pumpkins, the fall colors are soon to appear and the real estate market begins to…
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End of Summer and Back to School
In what we used to know as a “normal” year, the late summer is typically a slower time in real estate as people wrap up summer vacations and get ready for kids to go back to school. These last few years have been anything BUT…
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Is Charlotte Real Estate Cooling Off?
About this time of year, almost every year, people start asking if the real estate market is cooling off. This year it seems like people are asking that question a little more than previous years, probably because the market has been so hot. Inventory remains…
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David and Goliath – by Brandon Finch
For many, this real estate market feels like the story of David and Goliath – buyers, seemingly in an underdog situation, are up against what seems like a much stronger adversary in sellers. In a recent analysis published by Ely Portillo from the UNC Charlotte Urban Institute,…
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Real Estate Across the Nation
Real estate is local and the nuanced specifics vary from market to market. But there is still much to learn from national trends, especially when industry professionals from across the nation get together to share ideas. Early this month, Maria and I attended a real…
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Charlotte Real Estate Market: Crazy? Or just different?
Time to get some things straight. Yes, the real estate market in Charlotte is experiencing an imbalance between supply and demand right now. A well-priced home in good condition is likely to be on the market for only a matter of days and in many…
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Spring Season Starts at Record High Prices
Spring is here and with it comes a spring selling season that seems to have started early this year. Actually, the spring selling season feels like it started last year and never slowed down. Seasonality plays a larger role in real estate sales here in…
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Leaving Money on the Table
Demand for Charlotte real estate continues to be strong almost three months into the new year. The biggest challenge the industry faces is a lack of supply, and this issue has created its own set of concerns. Having been very active in the business for…
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Year End Stats Suggest Strong Start in Charlotte
The Charlotte real estate market finished strong in 2020 with key indicators suggesting that this new year is going to continue in the same pattern. In December compared to the prior year, home sales were up 13%, average price was up 11%, time on market…
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Coming Soon: The Great Reset of 2021
As this year draws near to a close, I’ve spent some time reflecting on 20 years of real estate. It was a little over 20 years ago since I bought my first home, almost 20 years since I bought my first investment property, and almost…
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Thankful for Real Estate in 2020
2020 is almost over and we are heading into the home stretch. Next week is Thanksgiving and the beginning of the holiday season, which generally zooms by in a blur. Then BAM! It’s 2021. There is no doubt that 2020 is a year that we…
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Charlotte Real Estate Booms into Fall
It is typically this time of year that we begin to see a seasonal slow down of the real estate market in Charlotte. Well of course, in 2020 everything is different! Regarding real estate, things might be different but they are not surprising. The market…
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Late Summer Charlotte Prices Still Climbing
The seasonality of the Charlotte real estate market typically turns the corner in mid summer, and we usually see prices start to begin a slow descent into the fall and winter months. Not so this year! The average sales price for single family homes in…
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Charlotte Real Estate Prices Hit All Time High
The pandemic has not slowed the Charlotte, North Carolina real estate market. It may have actually had the opposite effect. Working from home, people are recognizing the importance of the place where they live. The home improvement and renovations industry has been a huge benefactor.…
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Charlotte Pending Sales Reach Four Year High
The last several months have been filled with uncertainty, ups, and downs. From a real estate perspective, Covid-19 brought a very short term shut down of the home buying and selling process because of the stay at home order and fear of getting sick. However,…
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These Charlotte Real Estate Stats are Confusing!
Yes, they are! Is the market up? Is the market down? What’s going on? If you are looking at market reports and asking yourself these questions, don’t worry because you are not alone. The effects of Covid-19 on the real estate market have certainly changed…
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