Charlotte-area home sales ‘off to a good start’ in 2017

Charlotte-area home sales ‘off to a good start’ in 2017

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In 2012, 9.4 percent of Charlotte-area homes sold for more than listing price, ranking Charlotte the 30th of the 35 cities studied. Five years later, only three markets-Columbus, Boston, and New York-outpaced Charlotte’s 187 percent growth in the share of above-listing-price sales from 2012 to 2017.

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As the inventory of available homes remains tight, buyer demand is up 21 percent, according to the Charlotte Regional Realtor Association Charlotte-area home sales ‘off to a good start’ in 2017.

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As a result, home prices are up 8.4% over this time last year with the average selling price for a home in Charlotte now standing at $276,700; well beyond the previous peak in 2008. According to the rental site zumper, rent for a 2 bedroom unit increased 8.8% year-over-year for the same time period.

Though sales got off to a slow start in April and May due to rainy weather, an excellent summer and fall made 2015 “a very good year for us,” according to Scott Horvath, president of O’Malia’s Fireplace & Outdoor Living in Carmel, Indiana. “Sales of patio furniture and fire.

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The Charlotte area’s priciest home sales of 2017 (PHOTOS) Look no further than Charlotte’s prestigious Eastover neighborhood for the top sale. The 6,138-square-foot home near the corner of Colville Road and Hempstead Place sold for $3.4 million in late March. With five bedrooms and five-and-a-half bathrooms,

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