#charlottelandmarkseries

Do not take off all your clothes.

Last week, I wrote an article nearly one person read (thanks mom) about the lack of inventory for homes in the 150k-300k range and the shift in the areas in which certain demographics have begun looking for homes.  

With the expansion of the light rail towards UNCC, more home buyers under the age of 30 are seeing the benefit of buying property with a little more room to grow a family while maintaining access to the breweries along South Boulevard and the night life of downtown.  (I’m a Charlotte Native, trust me it’s ‘Downtown’)  There’s also a mindset shift by aging baby boomers who are too cool for retirement communities.  They are seeing ‘Surban’ areas differently, with less driving, no yard work, and access to shops, restaurants and workout facilities.  

Now that I’ve recapped the article you didn’t read, I can move on to the four hottest neighborhoods in Charlotte and the super boring graphs you’ve been dying to see. 

Above, you can see the decline in Charlotte’s inventory.  Depressing, right?  I mean if you’re into graphs, this is so sad.  If you’re a buyer right now in the Charlotte market you’ve probably thrown your hands up in frustration at least twice today.   What that graph means for sellers is multiple offers, total sales prices at or above asking price, and overall time to pop the champagne.  

POP! 

Did you hear that?  Another home closed in less than 24 hours (well) over asking price.    Average sales prices in the Charlotte area are up 13.2% from 2016.    If you’ve ever considered selling your home, now is the time to do it.    

Who want’s more graphs?

If you’re wondering which four zip codes are currently experiencing the largest growth over the last three years, you might be surprised.  28205 barely made the top 10 and 28211 isn’t even on the list!  Shocking, I know.