Redfin recently released data about Charlotte’s luxury real estate market, and what it shows is interesting to say the least. The real estate data website showed that home prices in the luxury market rose faster than the national average.
The study considered the top 5% most expensive homes in Charlotte and averaged their prices over the past few quarters. Luxury home prices in Charlotte increased 3.9% last quarter to $1.32 million. That’s compared to the same quarter in 2018. It’s also higher than the 1% uptick for luxury homes nationwide, though the average sales price was higher at $1.64 million.
But That’s Not All
Not only are the luxury home prices rising, but they’re also selling faster. From April to June, Charlotte’s most expensive homes spent only 70 days on the market, selling 13 days quicker than the same time last year.
We specialize in the luxury home market throughout the Charlotte metro. Whether you’re selling your home or shopping for a new one, we’d love to help you take advantage of the hot Charlotte seller’s market. Contact us today! We’ll answer all your questions, ease your worries, and get you moved in before you can say ‘luxury’.