Charlotte’s luxury home market sizzles during pandemic – WSOC TV

CHARLOTTE – Luxury residential real estate in Charlotte has taken off during the pandemic, as has the local housing market in general.

There were over 1,220 single-family homes, townhouses and condos for sale for $ 1 million or more in the local market from January through August of this year, according to data provided to CBJ by the Canopy Realtor Association. That’s an 86% increase from 660 closures at that price in the 16-county Charlotte area in the same eight-month period in 2020. And it’s a 130% increase from 534 homes. priced at $ 1 million and more sold from January to August in 2019.

In Mecklenburg County alone, nearly 700 homes have closed so far at the million-plus level this year, with 143 more properties under contract earlier this month, said Reed Jackson, Managing Partner of Residence. top of the line. real estate company Ivester Jackson Distinctive Properties I Christie’s International Real Estate.

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That compares to 705 home closings at that price for the whole of 2020 and 543 for 2019, he told CBJ.

“We are on the verge of closing nearly 1,000 homes in the county worth over $ 1 million, nearly double that of two years ago,” Jackson said, offering a perspective on the market. local luxury.

He attributed this growth to “the huge interest from out-of-state buyers, private equity-fueled business buyouts and IPO activity, as well as offshoring. executive companies “.

Learn more about the state of the market here and check out photos of some of the best selling homes of recent years.

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