Dear Neighbor,

Selling a cherished home, particularly one with significant value and many memories, is a high-stakes decision. Navigating the challenges of protecting privacy, minimizing potential disruptions, and adapting to the constantly changing market landscape can be overwhelming.

For many of us, our homes are our largest asset. It is important to understand the local market and how it affects the value and sale of your home. You don’t want to leave a transaction of this magnitude up to chance and you’re right to want the facts.

Here are the top things you need to know:

Less homes are entering the market, but homes for sale are sitting longer.

Many homeowners remain hesitant to put their house on the market. New listings in Myers Park dropped 5.7% over the last year while current homes for sale increased 15.4% and average days on market jumped up 21.1% to 23 days. These numbers demonstrate the importance of competitive pricing.

As inventory tightens and buyers have less options, the demand for your house increases. A solid strategic pricing and marketing plan brings top dollar and a quick sale that gets you where you are going faster.

Continued low supply means more opportunities for sellers.

Our market is still notably understocked with a 1.4-month supply. Houses that are priced to compete often receive multiple offers and can sell above the asking price. Compared to last year, the sale to list price has increased slightly by .4% to 100.4%.

The numbers demonstrate strong opportunity for sellers in our neighborhood. Homeowners looking to capitalize on the current market demand will be putting a pricing and marketing strategy in place now to secure the highest possible sale price.

Home prices continue to rise with persistent strong demand.

The imbalance of higher demand versus lower supply continues to exert upward pressure on prices, pushing the median sales price for single family homes up 25.9% from last year to $1,875,000. The scarcity in supply appears to be a lasting issue, with buyers increasingly noticing its impact.

This high demand really demonstrates the importance of pricing and marketing your home strategically. The last thing you want is for your property to linger on the market or to sell at a price lower than its potential value.

As a homeowner, what does this mean for you?

If you are thinking of selling in the next 12 months, preparing now gets you the results you deserve and avoids the stress you don’t need.

This is likely your largest personal investment, so you can count on me to act as your professional guide throughout the entire transaction. With clear communication and a strategic plan with a step-by-step layout, I help you make thoughtful, informed decisions so you never feel lost or out of control.

From day one, the weight of this transaction is lifted from your shoulders. We start with your customized strategic marketing plan and go from there. To maximize your ROI, I can help connect you with top-notch professionals to help you ensure your home can win the highest possible price. And when it’s time to go to market, I combine detailed market research with proven marketing strategies to get you the best possible price in the least amount of time.

If you are thinking of selling your home in the next 12 months, call me today for your initial, no obligation consultation –> 704-604-1210

We will cover your goals, my unique approach to getting you the highest possible price in the fewest days on market, and if it’s a fit, next steps from there.

Call today -> tel:704-604-1210

To your success!

Stephanie Cline
Belle Properties
belleproperties.com
stephanie@belleproperties.com
704-604-1210

 

 

 

Myers Park Market Highlights for February 2024

 

Single Family Home Stats	2023 vs 2024	Analysis
Median Sales Price	Up 25.9%	Median sale price is now at $1,875,000. When you price correctly from the start, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
New Listings	Down 5.7%	149 new listings hit the market, which was less than a year ago. A decrease in supply with steady demand typically leads to price increases, as buyers may be willing to pay more to secure a property. This emphasizes the importance of pricing correctly from Day 1 so your house doesn’t sit unsold or close at a price lower than its potential value.
Percent of Original Price	Up .4%	At 100.4%, sales to list ratios see a slight uptick. Correctly priced, strategically marketed homes sell at or above list price, and sellers focused on ROI often seek my advice on how to invest in strategic updates before listing their home for sale.
Price per square foot	Up 5%	As Charlotte continues to experience low inventory, space comes at a higher premium, currently at $504/sq. ft. YTD.

 

*Source: Canopy MLS through 03/31/2024

 

 

LOOKING AHEAD

 

1. Home Values Continue on their Upward Trajectory

Home prices continue to rise due to a convergence of factors creating upward pressure on the housing market. Primarily, there’s a persistent shortage of housing inventory; fewer homes for sale means higher demand for each available property. Strategic marketing and positioning allow you to capitalize on the equity you’ve built to get top-of-the-market return on your investment.

 

2. The Scarcity of Supply Persists

Property values in Myers Park have been on a consistent upward trend. The area’s appeal is strengthened by its beautiful tree canopy, its proximity to center city, the highly regarded educational institutions, exceptional health care options, and convenient access to cultural attractions. Property values, particularly in desirable areas like Myers Park and the surrounding area, tend to be higher. Effective marketing and strategic positioning can leverage the equity you have accumulated, ensuring a premium return on your investment.

 

3. Why Strategy Matters

The real estate landscape is always changing, and strategies must keep pace. By partnering with a knowledgeable local real estate expert who understands how to market effectively to the most suitable buyers, you can confidently sell your home in a timely manner and maximize the profit for your unique property.

Dear Neighbor,

Selling a cherished home, particularly one with significant value and many memories, is a high-stakes decision. The challenges of ensuring privacy, managing potential disruptions, and maneuvering an always changing market can be overwhelming.

For many of us, our homes are our largest asset. It is important to understand the local market and how it affects the value and sale of your Myers Park home. You don’t want to leave a transaction of this magnitude up to chance and you’re right to want the facts.

Here are the top things you need to know:

Homeowners can anticipate further growth in equity.

Interest rates remain steady, enabling a larger pool of potential homebuyers. This surge in buying capacity can escalate competition for homes, particularly when inventory is limited, leading to an uptick in property prices as buyers vie for the available homes. Closed sales are down 9.9% from a year ago and our neighborhood inventory remains extremely low at 1.4 months’ supply.

The numbers demonstrate strong opportunity for sellers in our neighborhood. Homeowners who want to take full advantage of current demand should be putting a pricing and marketing strategy in place now to win top dollar.

With fewer homes being listed, the market is increasingly favoring sellers.

Myers Park saw a 10.5% decrease in new listings from the previous year. Homeowners, benefiting from low mortgage rates, are opting to keep their properties rather than sell, even with the opportunity for substantial profit.

Tightened inventory means buyers have less options and the demand for your home increases. A solid strategic pricing and marketing plan brings top dollar and a quick sale that gets you where you are going faster.

Homes are still selling quickly, and for higher prices.

Myers Park remains one of the most desirable areas for buyers. Demand outweighing supply continues to put pressure on prices, pushing the median sales price for single family homes up 25.7% from last year to $2,200,000 while median days on market dropped 20% to 4. There is a supply crunch and buyers are feeling it.

This high demand really demonstrates the importance of pricing and marketing your home strategically. The last thing you want is for your home to linger on the market or to sell for less than you could have gotten.

As a homeowner, what does this mean for you?

If you are thinking of selling in the next 12 months, preparing now gets you the results you deserve and avoids the stress you don’t need.

This is likely your largest personal investment, so you can count on me to act as your professional guide throughout the entire transaction. With clear communication and a strategic plan with a step-by-step layout, I help you make thoughtful, informed decisions so you never feel lost or out of control.

From day one, the weight of this transaction is lifted from your shoulders. We start with your customized strategic marketing plan and go from there. To maximize your ROI, I can help connect you with top-notch professionals to help you ensure your home can win the highest possible price. And when it’s time to go to market, I combine detailed market research with proven marketing strategies to get you the best possible price in the least amount of time.

If you are thinking of selling your home in the next 12 months, call me today for your initial, no obligation consultation –> 704-604-1210

We will cover your goals, my unique approach to getting you the highest possible price in the fewest days on market, and if it’s a fit, next steps from there.

Call today –> 704-604-1210

To your success!

Stephanie Cline
Belle Properties
belleproperties.com
stephanie@belleproperties.com
704-604-1210

 

Myers Park Market Highlights for February 2024

 

Single Family Home Stats	2023 vs 2024	Analysis
Median Sales Price	Up 25.7%	Houses continue to appreciate even with higher interest rates. At $2,200,000, current prices are up 100% from 5 years ago.
Median Days on Market	Down 20%	Median days on market are exceptionally low at 4 YTD. Current high demand and very low supply play a major role. Expertly positioning your home ensures you sell quickly and avoids letting your home linger on the market.
Percent of Original Price	No Change	At 100%, sales to list ratios remain stable. This stability indicates a very low risk of a housing crash. Correctly priced, strategically marketed homes sell at or above list price, and sellers focused on ROI often seek my advice on how to invest in strategic updates before listing their home for sale.
Price per square foot	Up 9.4%	As Charlotte continues to experience low inventory, space comes at a higher premium, now at $547/sq. ft. YTD.

 

*Source: Canopy MLS through 1/31/2024

 

LOOKING AHEAD

 

1. Home Values Persist in Their Growth Trend

Charlotte’s ongoing development and investment in infrastructure signal long-term growth. The city’s appeal as a cultural and commercial hub means more people are relocating and further driving up property demand. Strategic marketing and positioning allow you to capitalize on the equity you’ve built to get top-of-the-market return on your investment.

 

2. Supply Continues to be Scarce

There is only so much property available in Myers Park in the first place, and with new listings dropping from the previous year, inventory is even tighter. A low number of homes for sale combined with a strong pool of buyers yields healthy competition. Homes that are priced correctly and marketed strategically often sell quickly, and with multiple offers.

  

3. Why Strategy Matters

The market consistently evolves, and a plan of action must be relevant. With the guidance of a real estate professional who knows your local area and how to properly market to buyers that are the most qualified, you can easily ensure your home sells within a reasonable timeframe and for a healthy return on your investment.

Dear Neighbor,

Selling a cherished Myers Park home, particularly one with significant value and many memories, is a high-stakes decision. The challenges of ensuring privacy, managing potential disruptions, and maneuvering an always changing market can be overwhelming.

For many of us, our homes are our largest asset. It is important to understand the local market and how it affects the value and sale of your Myers Park home. You don’t want to leave a transaction of this magnitude up to chance and you’re right to want the facts.

Here are the top things you need to know:

Continued growth for the city means more opportunities for sellers.

The Queen City is one of the fastest growing cities in the U.S. The presence of Fortune 500 companies and a variety of industries contributes to job creation and economic diversity. Additionally, the cost of housing is 2% lower than the national average. It is not surprising that 113 people a day are moving to Charlotte. With inventory at 1.7 months’ supply, we definitely have a supply and demand issue.

The numbers demonstrate strong opportunity for sellers in our neighborhood. Homeowners who want to take full advantage of current demand should be putting a pricing and marketing strategy in place now to win top dollar.

Less homes are entering the market, which is strengthening the ‘sellers’ market.

Myers Park saw a 3.4% decrease in new listings in October from the previous year. Homeowners are choosing to hold onto to their properties despite the potential for profit. Why? Many are locked in at below 3% mortgage rates and giving up these rates is causing hesitation.

As inventory tightens and buyers have less options, the demand for your home increases. A solid strategic pricing and marketing plan brings top dollar and a quick sale that gets you where you are going faster.

Despite increased competition among sellers, homes are selling quickly, and for higher prices.

Our growing population has created a strong, sustained demand for Myers Park homes and the market is not keeping up. Demand outweighing supply continues to put pressure on prices, pushing the median sales price up 12.1% from last year to $1,356,000 while median days on market has remained exceptionally low at 6 days. There is definitely a supply crunch and buyers are feeling it.

This high demand really demonstrates the importance of pricing and marketing your home strategically. The last thing you want is for your home to linger on the market or to sell for less than you could have gotten.

As a homeowner, what does this mean for you?

If you are thinking of selling in the next 12 months, preparing now gets you the results you deserve and avoids the stress you don’t need.

This is likely your largest personal investment, so you can count on me to act as your professional guide throughout the entire transaction. With clear communication and a strategic plan with a step-by-step layout, I help you make thoughtful, informed decisions so you never feel lost or out of control.

From day one, the weight of this transaction is lifted from your shoulders. We start with your customized strategic marketing plan and go from there. To maximize your ROI, I can help connect you with top-notch professionals to help you ensure your home can win the highest possible price. And when it’s time to go to market, I combine detailed market research with proven marketing strategies to get you the best possible price in the least amount of time.

If you are thinking of selling your home in the next 12 months, call me today for your initial consultation > 704-604-1210

 

We will cover your goals, my unique approach to getting you the highest possible price in the fewest days on market, and if it’s a fit, next steps from there.

Call today > 704-604-1210

To your success!

Stephanie Cline
Belle Properties
belleproperties.com
stephanie@belleproperties.com
704-604-1210

 

 

 

 

Myers Park Market Highlights for October 2023

 

Single Family Home Stats	2022 vs 2023	Analysis
Median Sales Price	Up 12.1%	Prices are up a whopping 119.6% at $617,500 in 2013, now at $1,356,000 year-to-date.
Median Days on Market	Up 20%	Median days on market are exceptionally low at 6 YTD. Current high demand and very low supply play a major role, especially when compared to 73 days 10  years ago. Expertly positioning your home ensures you sell quickly and avoids letting your home linger on the market.
Percent of Original Price	Down 0.9%	Now at 99.1%, it can be tempting to push the market when listing in high demand areas like Myers Park; but rarely does that work for the seller and often causes them to leave money on the table. Correctly priced, strategically marketed homes sell at or above list price, and sellers focused on ROI often seek my advice on how to invest in strategic updates before listing their home for sale.
Price per square foot	Up 7.9%	As Charlotte continues to develop and attract top talent from around the world, space comes at a higher premium, now at $467/sq. ft. YTD, nearly double compared to $237 in 2013

 

 

 

 

LOOKING AHEAD

1. Inventory Remains Low

There is only so much property available in Myers Park in the first place, and with new listings dropping from the previous year inventory is even tighter. A low number of homes for sale combined with a strong pool of buyers yields healthy competition. Homes that are priced correctly and marketed strategically often sell quickly, and with multiple offers.

 

2. Home Values Continue To Rise

Home values in Myers Park have steadily increased. Demand for our homes is consistently strong with our unique combination of beautiful tree-lined streets, proximity to Uptown, top-rated schools, access to stellar health care, easy access to cultural amenities, and more. Home values, especially in areas of high demand like ours, will always remain on the higher side. Strategic marketing and positioning allow you to capitalize on the equity you’ve built to get top-of-the-market return on your investment.

 

3. Why Strategy Matters

The market consistently evolves, but with the guidance of a real estate professional who knows your local area and how to properly market to buyers that are the most qualified, you can easily ensure your home sells within a reasonable timeframe and for a healthy return on your investme