Charlotte Real Estate: BUY or SELL in 2021?!

Charlotte real estate has grown considerably over the last five years, with home prices appreciating by more than 50% since 2016! But has the market peaked? And is it in a bubble? These are questions that Charlotte home buyers and real estate investors want answers to!

Charlotte’s housing market growth over the last five years is due in large part to its growing economy. Home to Fortune 500 companies such as Bank of America, Truist Bank, Lowe’s, and Honeywell, Charlotte boasts a diverse economy with significant amounts of job growth.

All that job growth and demographic growth has resulted in a surge in the local real estate market, with the typical price of a home across the metro increasing from $188k to $277k (+52%) over the last five years according to Zillow. That top growth places Charlotte in the top 10 among US metros.

But there is one thing holding Charlotte back from real estate stardom. And that’s the huge pipeline of new single family homes that have been permitted for construction over the last year. That’s right – Charlotte builds more than new homes than almost any other large metro in the country on a relative basis.

While expanding home supply is great for keepings thing affordable, it isn’t so great for real estate investors focused on appreciation. It wouldn’t be surprising to see Charlotte’s growth slow in coming years as the new homes increase inventories and decrease prices.

The most expensive areas of Charlotte include Myers Park, Cotswold, Carmel, and Ballantyne. The highest growth areas include Ashley Park, Yorkmount Park, and Atando Junction.

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0:00 Top Growth Market
2:10 Fortune 500 Companies
3:31 Charlotte Job Growth since 2011
6:06 +52% Appreciation (Top 10)
9:29 Lots of New Supply!
10:51 Singly Family Permit Glut
13:18 Getting More Specific
14:11 Expensive / Affordable ZIPs
17:02 Where’s the Appreciation?
19:49 Reach out on ReventureConsulting.com

#CharlotteNC #CharlotteRealEstate #MovingToCharlotte