Charlotte’s Real Estate Market Shows Double-Digit Growth

Dilworth Experiences Double-Digit growth in the Charlotte residential real estate market!

An article from the Charlotte Business Journal shows continuous double-digit growth in the Charlotte residential real estate market. According to the Charlotte Regional Realtors Association, closings increased by 23.4% in December as compared to the same time last year. The growth was not only contained to the month of December either– October 2012 and November 2012 showed a 36.8% growth rate and 35% growth rate respectively. In fact, the past 11 straight months have shown positive returns and the association president, Eric Locher, seems to think our housing market is in recovery, “Charlotte’s housing market has shown steady signs of improvement over most of 2012 and could be called the year our local recovery started. With some of the uncertainty on the federal level temporarily averted, we’re hopeful these trends will continue through what is generally considered a slower selling season.”

Not only have our closings improved, but so has the average sales price. The average sales price in December 2011 was $190,656, however the December 2012 was showing a 7.9% increase in the average sales price, putting it at $205,537. A more accurate indicator of trends over time, the median sales price, has also increased by 2.5%.

And even more good news is that the average amount of time from listing to closing has decreased by two days, now reflecting an average of 156 days.

As chronicled in our previous Dilworth post, overall home inventory continues to fall. This past year we had an astonishing 27.7% decrease in the amount of inventory available, leaving our region with about a five month supply of homes– Dilworth, however, has less than three months of inventory available.

Check out the Charlotte Business Journal to see the article in its entirety, and take a look below at the homes for sale in Dilworth:

Dilworth homes for sale

Dilworth Homes

Listings 1 - 17 of 17

Price: $3,000,000
922 E Park Avenue, Charlotte, NC 28203
Subdivision: Dilworth
5 BR, 3.2 BA, 5526 sqft
Helen Adams Realty | MLS # 4001147 | Contract

Price: $1,995,000
1920 Cumberland Avenue, Charlotte, NC 28203
Subdivision: Dilworth
5 BR, 5.1 BA, 4344 sqft
Cottingham Chalk | MLS # 3939743 | Active

Price: $1,950,000
632 Diana Drive, Charlotte, NC 28203
Subdivision: Dilworth
5 BR, 5.1 BA, 4243 sqft
Helen Adams Realty | MLS # 4005246 | Contract

Price: $1,849,000
1001 Berkeley Avenue, Charlotte, NC 28203
Subdivision: Dilworth
6 BR, 4.1 BA, 4069 sqft
Nestlewood Realty, LLC | MLS # 4012249 | Active

Price: $1,750,000
526 Magnolia Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 5.1 BA, 4883 sqft
Rawson Realty, LLC | MLS # 4011140 | Active

Price: $1,699,000
1918 Ewing Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3.1 BA, 3296 sqft
Allen Tate SouthPark | MLS # 4007645 | Contract

Price: $1,649,000
1314 Carlton Avenue, Charlotte, NC 28203
Subdivision: Dilworth
5 BR, 4.1 BA, 3942 sqft
Mackey Realty LLC | MLS # 4006519 | Contract

Price: $1,500,000
504 E Kingston Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3 BA, 3075 sqft
Helen Adams Realty | MLS # 4009079 | Contract

Price: $1,399,000
2233 Charlotte Drive, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3.1 BA, 3750 sqft
Dickens Mitchener & | MLS # 4007327 | Contract

Price: $1,298,000
616 E Tremont Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3.1 BA, 2452 sqft
Helen Adams Realty | MLS # 4013109 | Active

Price: $1,295,000
727 E Kingston Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 2.1 BA, 2488 sqft
Realty Dynamics Inc. | MLS # 4000147 | Active

Price: $1,275,000
1619 Scott Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 4 BA, 3024 sqft
Giving Tree Realty | MLS # 3931472 | Active

Price: $1,250,000
614 McDonald Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3 BA, 2772 sqft
Helen Adams Realty | MLS # 4012362 | Contract

Price: $1,250,000
812 Mcdonald Avenue, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3.1 BA, 2852 sqft
Brandon Lawn Real | MLS # 3938822 | Contract

Price: $1,198,000
2212 Charlotte Drive, Charlotte, NC 28203
Subdivision: Dilworth
4 BR, 3 BA, 2836 sqft
COMPASS | MLS # 3903714 | Contract

Price: $1,025,000
645 Ideal Way, Charlotte, NC 28203
Subdivision: Dilworth
5 BR, 3.1 BA, 3231 sqft
Dickens Mitchener & | MLS # 3939725 | Contract

Price: $625,000
2012 Lyndhurst Avenue, Charlotte, NC 28203
Subdivision: Dilworth
3 BR, 2 BA, 1541 sqft
Keller Williams | MLS # 3857826 | Contract

Listings 1 - 17 of 17