Feb Market Report

Dear Neighbor,

Selling a cherished home, particularly one with significant value and many memories, is a high-stakes and often emotional decision. The process can be daunting, given the need to protect privacy, minimize disruptions, and stay informed of the dynamic and unpredictable market conditions.

For many of us, our homes are our largest financial asset. It is important to understand the local market and its impact on 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:

Home values continue to rise, despite reduced showings.

Buyer activity has slowed by 14.4% YTD, possibly due to higher home prices, affordability concerns, or seasonal trends. Fewer showings suggest buyers are being more selective or cautious in their home searches. Sellers are still benefiting from appreciating home values, which are up 11.4%.

Sellers remain in a favorable position, likely due to tight inventory and continued interest in homeownership. The current market conditions offer a promising opportunity for sellers to secure a strong sales price, but careful attention to pricing strategy, property condition, and timing will help maximize success.

Buyers continue to put a premium on space.

Median price per square foot is up 5.6% to $530. Buyers are paying more on a per-square-foot basis, reinforcing upward price trends. With inventory levels still extremely low, the market remains in a strong seller’s position.

While buyer activity has dipped, low inventory and rising prices indicate that the market remains competitive for sellers. However, competitive pricing is more important than ever. Forbes’ research shows that overpricing results in fewer showings and offers.

A tightening market with constrained inventory presents strategic opportunity for sellers.

The YTD decline in pending sales, new listings, and available homes for sale highlights a tightening market with constrained inventory. For sellers, this presents a strategic opportunity. With fewer homes on the market, well-priced and well-presented listings stand out, attracting serious buyers who have limited choices.

Sellers should remain mindful of potential affordability concerns among buyers, ensuring their pricing aligns with market conditions to avoid prolonged listing times.

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. You can rely on me to provide professional guidance and support throughout the entire transaction. With in-depth knowledge of the market, property values and local trends, I will help you make educated, well-informed decisions as you navigate the complexities of the real estate transaction.

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 outcome you desire.

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 2025

 

Single Family Home Stats	2024 vs 2025	Analysis
Median Sales Price	Up 11.4%	Median sales price is $1,850,000 showing appreciation is still outpacing the national average.
New Listings	Down 4.1 %	139 new listings hit the market this month, which is less than last year indicating sellers are still staying put.
Median Shows to Pending	0%	13 showings remains consistent for going from Active to Under Contract, which is positive for sellers even with data indicating a slowing market.
Median Price/Square Foot	Up 5.6%	$530/ square foot shows buyers continue to put a premium on space.

 

*Source: Canopy MLS through 1/31/2025

 

 

What Clients Are Saying

 

 

 

Our family of five is extremely grateful to have found Stephanie. She achieved the seemingly impossible with our sale. Stephanie worked at breakneck speed to help prepare our father’s house for sale in December, and she quickly found a buyer, selling the house in 17 days which included Christmas and New Years’ holidays.
We initially chose Stephanie for her creative yet realistic approach to our uniquely situated house. We liked her positive, can-do attitude and her friendly yet professional manner. She was available to answer all our questions, and she had the resources to make things happen. As we all lived out of town, we relied on her knowledge of the Charlotte market, and she was spot on. We initially discussed the best and worst-case scenarios in this rapidly changing economy, and to our delight she managed to deliver a dream deal. In every encounter we found Stephanie to be trustworthy, straightforward and enjoyable to work with. We heartily recommend her as an exceptional realtor.

~Seller

 

Stephanie is incredible!!! She has helped me in the process of buying two homes and selling one. Each time everything was so seamless and she helped me every step of the way, even after the deals were finished. Stephanie knows the market, is incredibly responsive, and handles all situations with ease and professionalism. She will always be my go to Realtor!

~Buyer and Seller

 

 

I don’t know what I would have done without Stephanie Cline! I was originally looking for one thing and in the middle of our search needed something different. She was patient, kept me focused, and steered me away from mistakes to find the perfect home! She protected my interests while being fair to everyone and holding my hand through a very quick sale! With her market knowledge and guidance I felt totally confident throughout the entire process. 6 months out and I love this home even more. Thank you, Stephanie

~Buyer