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?

#CharlotteNC #CharlotteRealEstate #MovingToCharlotte

[DjDownBadd]

Undoubtedly the best market analysis channel on YT‼️

[juan_urbina]

Excellent job, hands down the most informative video on different housing markets.

I live in Charlotte (28209) and I agree with your assessment. Another key point happening right now in CLT is the city council is discussing the possibility to allow multi family home development in current single family zoning. You can find move info by searching for the Charlotte 2040 plan.

I found your channel because I’m researching Dallas Metro area to potentially move there. This assessment gives me confidence in your Dallas video.

[devonwilliams]

Love your content! Please do one for RTP, NC area!!

[POtterheadbookworm]

Very good analysis. Its pretty consistent with what I have observed so far. Thank you Nick!

[calebbronkema]

Another great breakdown. I would love to see a video on Grand Rapids Michigan

[taylor.e.a.g]

Thank you for sharing this video!
Do you have the info on when a good chunk of those new home builds will be ready for move in and start to impact home appreciation?
As in a month/season.

[TheVictorJPR]

Just recently discovered this great channel. Thanks for the great content. I was wondering if you have any insights on the housing markets in vecinity of military bases. Will I be right to assume that markets in those areas are different from the rest of the State given the constant movement of people in and out? My particular case is Shaw AFB in Sumter, SC. Just bought a house in Sumter because there were no housing on-post and the rentals off-post were ridiculously high. Thanks in advance for any insights.

[marias]

As always great, informative video! Thank you

[mitchg]

Very informative, much appreciated!! Can you please do the same analysis for Wilmington, NC?

[dilipvenugopal]

Thanks again Nick! Gave me a good idea on what to expect!

[anncoll]

I love your local market deep dives. If you could do one for Detroit, I’d very much appreciate it.

Dina

[honeyblu]

This video was beyond helpful. Thank you

[keqinzhou]

Love the video, quick question what's the website to look for new construction permit by city? I looked up US Census Beurau couln't find it. Thank you so much!

[ChristianThunder]

Great work yet again. Do you have any on the Long Island market consisting of Nassau and Suffolk County?

[paperwings]

Surprised Huntersville is not a darker pink. Building a home there now and the price increases have been insane. Luckily we locked in a good price at the start of the year. I would guess this area has high % of college degrees and % increase in median salary. I think Huntersville, Cornelius, and Davidson are poised to be a high home cost comparable to South Charlotte.

[survivalandprepping-lifeha]

spot on. i live in fort mill, sc. town right across state line from charlotte

[pgaf]

I have been watching listing in some of the more desireable neighborhoods in Charlotte (Sedgefield, Eastover, Dilworth, Myers Park, Freedom Park), and there is almost nothing coming on the market in the last month. Do you think this will change in the next 6 months? I am seeing no inventory in these areas and am wondering if the market changes you expect will simply not occur in Charlotte neighborhoods like this?

[ec]

I live in 28217 and there's been tremendous growth in the last few years.

[kidpalce]

Please do a deep dive on the Lake Norman Suburb of Charlotte with regard to AirBnB potential. Seems to be amazing!

[James-zylh]

Would love to know about Raleigh. My fiancé and I are in the market to buy and it has been nuts. Her parents bought a home here a year ago, and their $400k home is now appraising for close to $500k. Apple is putting a HQ here, Amazon is opening a new massive DC, and the medical industry here seems to be doing as well as always. We’re seeing more and more out of state plates here, and Zillow never seems to have much inventory available. New developments are selling out of plots before ground has even been broken.