Big Jump Expected in 2017

By: Dee and Tar Reid – Brokers Ivester Jackson | Christie’s

Big Jump Expected in 2017 for Charlotte Luxury ($1M+) Home Sales

 

Showing activity is a leading indicator of upcoming sales.  Since the election, Charlotte Luxury Home ($1M+) showings jumped 45% compared to the same period last year.

luxury showings tar 1

This suggests stronger first quarter 2017 Luxury sales than 2016 sales – and Q1 2016 was robust.

Big Jump Expected in 2017 for Charlotte Luxury CONDO Sales

Since the election, Charlotte Luxury Condo showings have also jumped 96% compared to the same period last year.
condoWhy not get a head start on the market and get your home positioned for an early sale?

At Ivester Jackson | Christie’s International Real Estate, we’re one of the region’s fastest growing luxury brokerages in large part because we actually invest in getting your home maximum exposure.

We invest extensively in print advertising – The Charlotte Observer, Charlotte Urban Home Magazine, Luxury Magazine, SouthPark Magazine, Wall Street Journal, New York Times, and our own Ivester Jackson I Christie’s Portfolio of Fine Homes in our area.

We also market your home on social media including custom Facebook ads, by drilling down into demographics to target more likely Buyers.

Agent Dee Reid - Ivester Jackson | Christie's
Agent Dee Reid – 704-281-3913
Agent Tar Reid - Ivester Jackson | Christie's
Agent Tar Reid – 704-905-8221

Million Dollar Range Surges in 2016, Post-Election Showings Point to Further Momentum

Luxury Market Surges

The Charlotte luxury market surged forward in 2016, bolstered by a strong performance in the $1 million to $2 million dollar price range which showed a 30% annualized increase in Charlotte, and a whopping 59% increase in Union County.
825 Eagle Road kitchen
The entry luxury range below $1 million, also showed strong performance in both areas, posting a 17% increase in Charlotte, and a 23% increase in hopping Union County.

Pre and Post-Election Activity

Pre-election surveys reported as much as 45% of high net worth individuals indicated they had parked money on the sidelines, making the yearly results all the more impressive. Not surprisingly, post-election showing activity jumped, particularly in the million dollar range, with showings in Union County jumping 39% over the same November/December period last year, while Charlotte posted a 33% increase, a clear indication that first quarter 2017 looks to post strong results.
3712 rivergrass lane
The range above $2 million continued to see a competitive resale market due to custom build options and infill/tear down activity striking a popular chord with ultra luxury buyers. Sold resale results in this range were down slightly compared to 2015.
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