July 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:

Closed sales are down despite increased listings.

Closed sales are down 8.9% from last year while new listings in Myers Park increased 4.8%. These numbers suggest a potentially changing real estate market, where monitoring inventory levels, pricing trends, and buyer activity becomes crucial for understanding the evolving conditions.

With more properties available and fewer buyers closing deals, sellers might need to adjust their pricing expectations. This could lead to price reductions or longer time on market for homes. A solid strategic pricing and marketing plan ensures you sell quickly and avoid letting your home linger on the market.

Days on market remain extremely low.

Our market is still notably understocked at 1.7-months. This shortage is still pushing buyers to act quickly when a house hits the market. With median days on market remaining consistent at 4, it can be tempting to push the price. This rarely works for the seller and often causes them to leave money on the table.

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.

The demand is not slowing down, and prices are still rising.

The good news is high demand and low supply in Myers Park continue to place pressure on prices, pushing the median sales price for single family homes up 18.4% from last year to $1,899,999.

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. You can rely on me to provide professional direction and support throughout the entire transaction. With in-depth knowledge of the market, property values and local trends, I will help you make 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 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 July 2024

*Source: Canopy MLS through 06/30//2024

Let’s do Reviews this month – not sure how you want to do that…and this may be too much wording. I can get smaller ones if needed.

1. We have had the pleasure of working with Stephanie on multiple real estate transactions, both on the buying and selling side. Stephanie delivered with her commitment to excellence every step of the way. With a finance background, and a keen understanding of the real estate market, her negotiation skills were second to none. Stephanie is extremely detail oriented and has clear cut advice on how to improve your home to best bring it to market. Her advice takes into consideration the least amount of investment and effort for the most return. Stephanie has incredible attention to detail; every factor was taken care of – arranging inspections, providing staging, and connecting us with excellent professionals from her vast network.
   I highly recommend Stephanie! She is the only real estate agent our family would ever entrust with our greatest asset.

2. I have worked with Stephanie twice now on the buy and sale side and she has been nothing short of fantastic to work with. For our recent sale, she went above and beyond to make our place ready for the market, resulting in multiple offers above asking and a very smooth close. I would recommend Stephanie to anyone looking for a helpful, communicative and knowledgeable agent in Charlotte. She is the best!

Lord knows, there are a million realtors in Charlotte, NC, so finding the right one for you can be a challenge. But look no further, friends! I highly recommend Stephanie Cline. Within a few months, she worked with us to not only sell our current house but also purchase a smaller townhouse for downsizing. There was a whole lot going on at one time, but she never missed a detail. Stephanie is smart, thorough, honest, caring, patient (!!), and knows the Charlotte market. All of her counsel was spot-on. And I always felt like she had our best interest at heart. I can’t say enough good things about her. She made a potentially stressful situation easy. Plus, she’s a lot of fun!