Q2 2021 Wilkinson ERA Relocation Market Report

2021SECONDQUARTERMARKETREPORT Pr e p a r e df o rt heCha r l o t t eAr e a

2 0 2 1 F r i ends , Cl i ent s , Col l ea gues , Wel c omet ot he2021mi dy ea rma r k .

Wec ont i nuet obegr a t ef ul t oha v et hepr i v i l egeofwor k i ngwi t h y oui nt hema r k et swepr oudl ys er v et hr oughoutt heCa r ol i na s .

T hi ss ummer na l l yf eel sl i k et hepr eCOVI Ds ummerda y sof2019a sourl oc a l bus i nes s esopent hei r door s ; f r om di ni ngr oomsa ndt hea t er s , t oc onc er tv enuesa ndgov er nmentbui l di ngs .

Des pi t eour c ol l ec t i v eopt i mi s m, wewi l l c ont i nuet obev i gi l a nta ndma i nt a i nt hehi ghes ts a f et ys t a nda r dsa nd s howi ngpr ot oc ol st ha ti ns ur es a f et yf orbot houra gent sa ndt hei rc l i ent s .

T hehous i ngma r k ett hr oughoutNor t hCa r ol i nai sex per i enc i ngunpr ec edent eddema ndf r om buy er s whoa r ec omi ngt oourl a r germet r oa r ea s .

Mor t ga ger a t esr ema i na t t r a c t i v et obuy er s , howev era gr owi ngper c ent a geofc a s hbuy er sa r eent er i ngt hema r k et , ma nyc omi ngf r om s t a t eswi t hahi gher c os tofl i v i ng, ar i s i ngr emot ewor k erpopul a t i on, a ndt hos emov i ngf r om “ c l i ma t ec r i s i s ”a r ea s .

Whi l ewe r ema i ni nas ol i d“ s el l er ’ sma r k et ” , ma nybuy er sa r ef a c i nga ni mpos s i bl et oi gnor es hor t a geofhomes ont hema r k eta ndc ont i nuet o ndoura r eas t a t i s t i c ss queez edt obot ht hel owes t( Da y sonMa r k et ) a nd hi ghes t( L i s tPr i c et oS a l esPr i c e) endsoft hes pec t r um.

Wha ta r eourr ea l es t a t epr edi c t i onsf ort het hi r dqua r t erof2021?Pr et t ymuc hami r r ori ma geoft he s ec ondqua r t er , wi t hMedi a nL i s tPr i c esc ont i nui ngt oc l i mba nddema ndf orhomesa ta na l l t i mehi gh.

T heMedi a nS a l esPr i c ef orahomei nCha r l ot t ei sa t$340, 000, up19.

3%s i nc et hes ec ondqua r t erof 2020a ndwea r ec on dentt her i s i ngmedi a npr i c ea ndl owhous i ngi nv ent or ywi l l mos tdeni t el y c ont i nuei nt ot het hi r da ndf our t hqua r t er sof2021.

Weex pec tt os eec ont i nueddema ndf orhomes t hr oughoutouri nt er na t i ona l l y r a nk edma j orma r k et si nCha r l ot t e, Wi ns t onS a l em a ndt heT r i a d, Ra l ei gh’ sT r i a ngl eAr ea , a ndt hemount a i nsma r k eti nAs hev i l l ea ndHender s onv i l l e.

Youma yha v eques t i onsa boutma k i ngamov e, wha ty ourhomemi ghtbewor t h, orwha t i si nv ol v edi nput t i ngahomeupf ors a l e.

L etourpr of es s i ona l RE AL T ORS ®her ea tWi l k i ns onE RAgui de y out hr ought heent i r epr oc es s — Wea r ea l wa y sa v a i l a bl et oa ns wera nyques t i onsy ouma yha v e!

Wea r epl ea s edt os ha r eourk nowl edgewi t hy oua boutt woofourf a v or i t et opi c s r ea l es t a t ea nd r el oc a t i on—a ndwewi s hev er y onegoodhea l t ha ndpr os per i t yf ort hi st hi r dqua r t erof2021!

J oa nT homa s , S CRP, GDS Pr es i dent , Rel oc a t i ona ndCor por a t eS er v i c es Wi l k i ns onE RARea l E s t a t e

CHARL OTTEAREA Thes ec ondqua r t erf ort heCha r l ot t eRegi onr es i dent i a l r ea l es t a t ema r k ett el l sawel l t ol dt a l eof s hr i nk i ngi nv ent or yt hr oughoutt hea r ea .

I ta l s os howeda ni nc r ea s ei nNewL i s t i ngs , whi c hwa s metwi t hgr ea tbuy erent hus i a s ma nda25.

3%i nc r ea s ei ns ol dhomesi nt hes ec ondqua r t er .

Asweent ert het hi r dqua r t erwes eeac ont i nuedr i s ei nt heMedi a nS a l esPr i c ea ndPr i c ePer S qua r eF oot .

Buy erdema nda ndt hel owi nv ent or yha v er es ul t edi nar ec or dl owof19Da y son Ma r k et .

Ke yo b s e r v a t i o n sf r o mt h i sS e c o n dQu a r t e r2 0 2 1Ch a r l o t t eAr e aMa r k e tRe p o r ta r e : Wow! Homesi nCha r l ot t ea r es el l i ngf or102%ofa s k i ngpr i c ei nt hi sa c t i v es el l er ’ sma r k et !

NewL i s t i ngsi nCha r l ot t ea r e na l l ymov i ngupwa r dswi t ha ni nc r ea s eofnewhomesonma r k etby 13.

71%ov er2020r es ul t s .

Onc ea ga i n, t hes ec ondqua r t er( wi t ht heex c ept i onofAs hev i l l e) I nv ent or y( orMont h’ sS uppl y ) i na l l of ourma r k et si sa ni nc r edi bl emont horl es s , t hel owes ts uppl yt hi sy ea ra ndunpr ec edent edi nr ec ent y ea r s .

Al l ofourma r k et sex per i enc edas t eepdec l i nei nt henumberofDa y sonMa r k ett os el l ahome–s ome a smuc ha s71.

43%( Mec k l enbur gCount y ) !

2

CHARL OTTE CI TYResidential DaysonMar ket Apr i l Thr ough June

43

Li stt oSal esPr i ceRat i o

43

43

Apr i l Thr ough June

Medi anSal esPr i ce Apr i l Thr ough June

Sol dHomes/Cl osedSal es Apr i l Thr ough June

99%

Mont hsSuppl y Apr i l Thr ough June

Pr i cePerSquar eFoot Apr i l Thr ough June

$209.

59

$175.

14

19.

67%

5523

4, 857

13.

71%

New Li st i ngs Apr i l Thr ough June

3

Char l ot t eOc c upi edHous i ngUni t s * * 58%ofhomesa r eowner oc c upi edhous ehol ds a nd41%a r er ent er oc c upi edhous ehol ds

* Rent J ungl e. c om * *Rent Ca f e. c om

ME CKL E NBURG COUNTYResidential I n c l u d i n gCh a r l o t t e , Co r n e l i u s , Da v i d s o n , Hu n t e r s v i l l e

DaysonMar ket Apr i l Thr ough June

43

Li stt oSal esPr i ceRat i o

43

43

Apr i l Thr ough June

Medi anSal esPr i ce Apr i l Thr ough June

Sol dHomes/Cl osedSal es Apr i l Thr ough June

99%

Mont hsSuppl y Apr i l Thr ough June

Pr i cePerSquar eFoot Apr i l Thr ough June

$169.

99

$140.

17

21.

27%

1552

1234

25.

77%

New Li st i ngs Apr i l Thr ough June

4

L or e mI ps um

CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December AP RI LTHROUGHMA J UN E R

CABARRUSCOUNTY

43

43

43

Li stt oSal esPr i ceRat i o 1 2 Januar y t hr ough December

Medi anSal es Pr i ceJanuary t hr ough December

3 3

1 0 6 2 $ 3 0 2 , 1 5 0

9 7 4 $ 2 6 5 , 0 0 0

0 .

5

1 .

5

$ 1 5 5 .

1 2 1 3 3 3

$ 1 2 9 .

0 2 1 1 7 7 9 9 %

1 0 2 %

A I L-J UNE Sol dHomes/Cl osedSal eP sR Januar y t hr ough December

6 3 .

6 4 % 9 .

0 3 % 1 4 .

0 2 % 6 6 .

6 7 % 2 0 .

2 3 % 1 3 .

2 5 % 3 .

0 3 %

99%

UNI ONCOUNTY Mo n t h s SU u p l y AP RI L TH RO G Hp J U N E MA R Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137.

13

$150.

71

9.

90%

New Li st i ngs Januar y t hr ough December

AP RI L-J UNE 25, 091

24, 603

1.

94%

6

CHARL OTTE ARE A COUNTI E SResidential DaysonMar ket Januar y t hr ough December

YORKCOUNTY, S C

43

43

AP RI LTHROUGHMA J UN E R

Li stt oSal esPr i ceRat i o Januar y t hr ough December

Medi anSal esPr i ce Januar y t hr ough December

Sol dHomes/Cl osedSal es

4 3 202 1

2020

1 3

3 5

6 2 .

8 6 %

1 , 5 7 4

1 , 4 6 4

$ 3 2 6 , 4 5 0

$ 2 8 2 , 9 9 5

7 .

5 1 % 1 5 .

3 6 %

0 .

6

1 .

7 3

6 5 .

3 2 %

$ 1 6 5 .

2 4

$ 1 3 7 .

2 1

2 0 .

4 3 %

1 7 4 7 1 0 2 %

1 5 1 4 9 9 %

1 5 .

3 9 % 3 .

0 3 %

AP RI L-J UNE

99%

Januar y t hr ough December

L ANCAS TE RCOUNTY, S C

Mont hsSuppl y Januar y t hr ough December

AP RI LTHROUGHMA J UN E R

Pr i cePerSquar eFoot Januar y t hr ough December

$137.

13

L or e mi ps um 7

25, 091

2021

2020

1 2

4 9

7 5 .

5 1 %

6 1 6

5 4 5

1 3 .

0 3 %

$ 3 6 5 , 6 2 0

$ 3 1 9 , 0 0 0

1 4 .

6 1 %

0 .

6

1 .

8

6 6 .

6 7 %

$ 1 5 2 .

8 8 $150.

71 5 7 3

1 7 .

5 0 %

$ 1 3 0 .

1 1 9 .

9 0 % 6 6 4

1 0 1 %

1 3 .

7 0 % 2 .

0 2 %

9 9 %

AP RI L-J UNE 24, 603

1.

94%

3

L or e mI ps um

WI NS TONS AL E M&

HI GHP OI NTResidential DaysonMar ket Januar y t hr ough December

WI NS TONS AL E M MAR

432021 43

2 0 2 0 4 3

Li stt oSal esPr i ceRat i o 1 5 Januar y t hr ough December

Medi anSal es Pr i ceJanuary t hr ough December

3 5

5 7 .

1 4 %

1 1 9 9 $ 2 1 2 , 8 0 0

1 , 0 4 1 $ 1 8 5 , 0 0 0

1 5 .

1 8 %

0 .

9

1 .

9

$ 1 7 0 .

9 3 1 3 9 4

$ 1 1 0 .

9 6 1 0 1 8 9 8 %

1 0 2 %

A I L-J UNE Sol dHomes/Cl osedSal eP sR Januar y t hr ough December

1 5 .

0 3 % 5 2 .

6 3 % 5 4 .

0 5 % 3 6 .

9 4 % 3 .

6 8 %

99%

HI GHP OI NT Mo n t h s S u p l y MA R AP R I L TH RO U G Hp J U N E Januar y t hr ough December

2 0 2 1

2 0 2 0

Pr i cePerSquar eFoot Januar y t hr ough December

$410

$150.

71

9.

90%

New Li st i ngs Januar y t hr ough December

AP RI L-J UNE 25, 091

24, 603

1.

94%

8

L or e mI ps um

AS HE VI L L E R e s i d e n t i a l

DaysonMar ket Januar y t hr ough December

AS HE VI L L E

2021 Li stt oSal esPr i ceRat i o 3 7 MAR

Januar y t hr ough December

Medi anSal es Pr i ceJanuary t hr ough December

43

20 2 0 4 3 3 9

2 9 .

1 7 %

7 0 9 $ 4 1 2 , 0 0 0

4 4 8 $ 3 3 6 , 7 3 2

2 0 .

2 2 %

1 .

3

3 .

6

$ 2 7 1 .

3 1 8 5 3

$ 2 1 5 .

7 2 7 1 2 9 7 %

1 0 1 %

A I L-J UNE Sol dHomes/Cl osedSal eP sR Januar y t hr ough December

5 .

9 7 % 5 1 .

6 1 % 1 0 .

9 5 % 2 .

3 0 % 2 .

0 6 %

99%

HI GHP OI NT Mont hsSuppl y Januar y t hr ough December

Pr i cePerSquar eFoot Januar y t hr ough December

$137.

13

$150.

71

9.

90%

New Li st i ngs Januar y t hr ough December

J ANUARY-DE CE MBE R 25, 091

24, 603

1.

94%

6

1 0

L or e mI ps um

RAL E I GH&

DURHAM Residential DaysonMar ket Januar y t hr ough December

RAL E I GH

AP RI LTHROUGHMA J UN E R

c I TY

432 3 0 1 8 2 0 2 1 4

2 0 1 9 2 0 2 0 4 3

Li stt oSal esPr i ceRat i o 9 Januar y t hr ough December

Medi anSal es Pr i ceJanuary t hr ough December

1 7

4 7 .

0 6 %

2 , 7 6 7 $ 3 7 0 , 0 0 0

2 , 2 6 9 $ 2 9 8 , 5 0 0

2 1 .

9 %

0 .

7

1 .

6

$ 2 0 3 .

0 0 2 9 2 1

$ 1 6 6 .

0 0 2 6 3 2 9 9 %

1 0 4 %

A P RI L-J UNE Sol dHomes/Cl osedSal es Januar y t hr ough December

2 3 .

9 5 % 5 6 .

2 5 % 2 2 .

2 9 % 1 0 .

9 8 % 5 .

0 5 %

99%

APRI L DURHAM

Mo n t h s S u p l y AP R I L TH RO U G Hp J U N E MA R Januar y t hr ough December

2 0 1 8 2 0 2 1

2 0 2 0 2 0 1 9

Pr i cePerSquar eFoot Januar y t hr ough December

$137.

13

$150.

71

9.

90%

New Li st i ngs Januar y t hr ough December

J ANUARY-MARCH 25, 091

24, 603

1.

94%

11