Charlotte, NC was Knock’s second market, launched shortly after the success we had in Atlanta. The Knock Home Trade-In program has already helped thousands of people living in Charlotte’s greater metro area find their next home and sell an old one. With our Trade-In program, customers considering living in Charlotte can also move there from our other markets, making the transition easier for people attracted to its booming economy, eclectic culture and varied living environments.
Charlotte is not only the most populous city in North Carolina, but also ranks #17 out of the largest in the entire United States. It’s known as a hub for millennials, ranked #12 in terms of the generation moving there just this year by Business Insider. The number of Charlotte residents increased significantly between 2004 and 2014, making it the fastest-growing metro area within that time frame. As of 2016, the population of people living in Charlotte was about 2.6 million.
Why has there been such an influx of people flocking to Charlotte? For starters, it’s the second largest banking center in America, with Bank of America headquartered there, along with other Fortune 500 companies like Lowe’s and Compass Group. Charlotte also boasts various colleges and universities, sports stadiums (most notably Bank of America Stadium, home of the Carolina Panthers), and cultural landmarks like the U.S. National Whitewater Center and NASCAR Hall of Fame. Food & Wine recognized Charlotte as an up and coming foodie destination, crediting the 2004 addition of a Johnson & Wales campus as a factor in the evolving food and drink culture.
The area’s humid subtropical climate is attractive to many, because even though all four seasons are present, winters aren’t harsh. Residing in Charlotte also affords you proximity to the mountains or the coast, depending on what type of adventure you’re looking for. Plus, when it comes to picking a place to live, you have a choice of the suburbs or the heart of the city, making the area a perfect choice for a wide range of people, from young professionals to retirees.
The Real Estate Market
Since Charlotte is such a magnet for individuals from all walks of life, especially those in the young professional stage, the real estate market is booming. The city center isn’t the only place people are looking to live, and Charlotte offers plenty of options for homeowners in surrounding suburbs and neighborhoods.
Dependent upon your lifestyle, you may choose a swankier townhome in the Uptown area, or a family-friendly residence on the outskirts of the action. Before beginning your search, consider what is most important to you, including the size of your home, nearby entertainment, and your proximity to work and school. With a variety of neighborhoods within the greater metro area, there is something for everyone, making it possible to find a home no matter what budget you’re working with.
Current Market Trends
As living in Charlotte becomes even more popular, demand for homes increases, leading to low housing inventory. And low inventory leads to higher prices. According to a recent Charlotte Observer analysis, the average sale price in Charlotte has risen 35% in the past five years. According to Ziillow, the current median home value is $225,500, a 7.7% increase since last year alone.
Our latest Knock Deals Forecast revealed, however, that 71.70% of Charlotte homes sold below their original list price in Q1 2019, with an average savings of 3.97%. We predict that in Q2, 76.41% of Charlotte homes will sell for a deal, proving that homebuyers aren’t willing to pay such high prices. Although the market is competitive, especially in the midst of the busy spring season, there is still potential to score a deal on your dream home.
A Neighborhood Guide
Are you looking to move within the Charlotte area, from one neighborhood to another? Are you looking for a new home within your current zip code? Maybe you’re moving to the Queen City from out of state. Whatever the case may be, we’re spotlighting some of the greater Charlotte area’s most popular locations. Plus, we’ll give you insights on trends and living in Charlotte from our Charlotte Knockstars who know the city like the back of their hand!
A neighborhood in southwest Mecklenburg County, Steele Creek is an attractive option with plenty of development in the works. Although the southwest used to be known as cattle country, the area is seeing an influx of new builds, from apartments to single-family homes. The town of about 15,000 has a suburban feel, perfect for anyone looking to escape the city life. Plus, with close proximity to attractions like TopGolf and Charlotte Premium Outlets, there is plenty to do during your downtime.
Knockstar Colby Colson said,
“Steele Creek is the perfect suburbia – close to the hustle of Uptown Charlotte, and minutes from your next lazy lake day on Lake Wylie! In addition to great shopping, dining, and outdoor recreation like hiking and boating, Steele Creek is also home to Carowinds Amusement Park, Charlotte Premium Outlets, and Charlotte’s one and only Top Golf! It’s hard to find an area with more bang for your buck! It’s family friendly, jam packed with fun and activities, and a perfect place to call home!”
Just south of the heart of Charlotte lies Southpark, a retail mecca most notable for its 1.8 million square-foot mall of the same name. A complex filled with luxury shops and well-known retailers, it is the largest center of its kind in all of North Carolina, a main attraction for both residents and visitors. Aside from shopping, the neighborhood is one of the most bustling business districts in Charlotte. It also offers residents reprieve at local eateries and bars, from French bistros to sushi lounges. With affordable homes on large lots, Southpark is a great option for those who desire close proximity to both work and play.
Knockstar Tabitha Mitchell said,
“Southpark has so much to offer. Shopping, entertainment, recreation, and relaxation are all right here. From fine dining to grabbing a bite on the go, you can’t go wrong. Being conveniently located near major highways, and minutes from Uptown and the CLT Douglas Airport, it’s no wonder Southpark is such a popular place to live. Here, you can find townhomes and condos as well as beautiful single family homes. Southpark has been the heart of Charlotte and will remain that way for years to come!”
Matthews is a suburb of Charlotte with a population of about 32,000. Once a sleepy town, it now boasts a downtown area full of unique restaurants and shopping options. Local entertainment is provided at Matthews Playhouse of the Performing Arts, and residents can enjoy food and revelry at Jekyll & Hyde Taphouse and Grill. Exuding a hometown feel, it’s a great place to own a home and enjoy nearby parks and recreation.
Of the neighborhood, Knockstar Montana Aydlett said,
“Matthews is a super friendly, close-knit suburb that has a cute downtown area where there are a lot of restaurants, coffee shops, shopping, and parks. It’s a great place to hang out, have dinner, and walk around enjoying the green spaces and historic areas. Schools are highly rated and it’s welcoming to both families and young professionals alike with lots to do. As Charlotte continues to grow, job opportunities abound as well!”
A quiet, wooded community with hometown charm, Mint Hill sits just southeast of downtown Charlotte. With its laid-back feel, residents enjoy local ice cream at Carolina Creamery and sip on specialities at Barking Duck Brewing Company. Enjoy parks, country clubs, and even the Mint Hill Historical Museum. There are plenty of public schools options, and the tight-knit community is perfect for families, couples, and young professionals alike.
Lead NC Transaction Manager Melanie Shaffer notes,
“Mint Hill has so many amazing qualities! Great schools, beautiful homes, and is just 25 minutes from Uptown. Every year around Memorial Day, the city has an awesome festival called Mint Hill Madness, which everyone loves to attend. It comes complete with food trucks, live music, games, and rides and is fun for the whole family!”
Twenty miles northeast of Charlotte’s city center lies Concord, a large neighborhood with a population of about 95,000. Concord features many top tourist destinations, including NASCAR’s Charlotte Motor Speedway and Sea Life, an interactive aquarium. If you’re not looking to follow the tourist crowd, there are plenty of recreational parks, sports complexes, an aquatic center, and access to Lake Fisher. With an average commute time of 27 minutes, it might be the perfect place to call home.
There’s no shortage of excitement in Huntersville, a suburban town 20 minutes from Uptown. A community fit for the outdoorsman, Huntersville offers much of what the city does not, including leisurely activities like golfing and relaxation on Lake Norman. Birkdale Village provides plenty of shopping options for those not interested in nature, and the Discovery Place Kids is perfect for the little ones in your life. You can even check out some local wildlife at The Carolina Raptor Center. If you’re looking for an escape from downtown Charlotte, Huntersville could be your suburban sanctuary.
According to Knockstar Dustin Davis,
“Huntersville truly has the best of both worlds. Great restaurants and entertainment mixed with larger homes and lots that you can’t find closer to the city. Lakefront communities and plenty of access to all that Charlotte has to offer set this booming area, just over 20 minutes from Uptown Charlotte, out among the rest. Whether you like to spend your weekends shopping, on the golf course, or relaxing on beautiful Lake Norman, Huntersville has top-notch options for every kind of resident out there.”
Thinking of Trading In?
These are just some of the amazing neighborhoods you can call home in the metro Charlotte area. At Knock, we’re proud to help Charlotte locals and transplants buy and sell homes easier and more efficiently. As the city’s population has grown and competition for homes increased along with it, we’re thrilled to make more competitive cash offers on behalf of families so that they beat out the competition, and get a discount off the list price.
With our Home Trade-In program, we make an all-cash offer on your new home – not only to get it at an impressive price – but to help you win bidding wars. Then, we sell your old home on the open market to find you the right buyer for the best price. It’s the perfect solution for making your next move without having to worry about the stress and uncertainty that comes with traditional home buying and selling. Whether you’re looking to upgrade or downsize, Knock can help!