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business news: Charlotte, NC Market Report for January - 02/10/10 03:07 PM
Listed below is the residential real estate market summary for the Charlotte area for the period January 6, 2010 through February 5, 2010:
Sold: 1,364; avg. LP $229,214; avg. SP $200,592; %LP/SP 87.51% New Listings: 5,571; avg. price $276,787 Under Contract: 1,833; avg. price $218,182 Withdrawn: 1,548; avg. price $321,976 Expired Listings: 1,303 ; avg. price $306,539 Active Listings: 23,225; avg. price $296,826
The number of closed residential transactions fell 10.7% in January compared to December, but increased 8.4% over that for January a year ago. Contracts written for the month increased a surprising 25% over prior month, indicating … (0 comments)
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business news: New Home Sales Increase in July - 08/26/09 11:15 AM
Purchases of new homes in the U.S. increased 9.6 percent in July, adding to signs that the economy is continuing to rebound from the worst recession since the 1930s. The number of houses on the market dropped to the lowest level in 16 years.
The gain in sales, together with rising purchases of existing homes and stabilizing prices, indicate the housing slump may be ending. Last month’s pace was the highest in 10 months. The median price of a new home decreased 12 percent nationally to $210,100 from $237,300 in July 2008. Sales of new homes were down 13 … (0 comments)
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business news: July Residential Sales Report - 08/11/09 08:25 AM
Here are the statics for entire Carolina MLS area for home sales for the period July 6, 2009 through August 5, 2009:
Closings: 2,223; avg. LP $238,629; avg. SP $212,977; %LP/SP 89.25% New Listings: 5,195; avg. price $272,211 Under Contract: 2,341; avg. price $226,788 Withdrawn: 1,768; avg. price $349,942 Expired Listings: 1,576; avg. price $329,840 Active Listings: 28,124; avg. price $317,893
Closings for the month of July increased 9.8% over June, but remain 18.3% below the number of closed transactions for July, 2008. The comparison of the figures for June 2008/2009 indicated a deficit of 25%. The … (0 comments)
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business news: Charlotte Chamber Reports Local Economy Improving - 07/24/09 07:02 AM
The Charlotte Chamber recently reported that expanding and new businesses have created 7,316 jobs in Mecklenburg County in the first half of the year, a 15 percent increase from the corresponding period last year.
For the same period, business investment among the 446 new and expanding firms fell sharply to $564 million from $1.53 billion, a 66% decrease. The aggregate space requirements of new and expanded operations dropped to 6.7 million square feet from 16.6 million in the first half of 2008.
However, the chamber's research is not adjusted for job losses and business closings. Mecklenburg's unemployment rate has risen sharply since the beginning … (0 comments)
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business news: Charlotte, North Carolina - Queen City of the South - 06/29/09 07:03 PM
Charlotte is known for its fantastic weather, close proximity to the mountains and beaches, and offers Southern hospitality unlike anywhere else. Known as the “Queen City of the South”, Charlotte manages to maintain a small town atmosphere while quietly offering all the luxuries of a major cosmopolitan area – often at a lower cost of living than comparable cities. Charlotte’s earliest influences are rooted in its Scotch Irish settlers and German colonists. In fact, the city owes its name to German born Queen Charlotte, wife of England’s King George III, and the county to her birthplace of Mecklenburg . Convenience … (0 comments)
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business news: Charlotte Among Top Growth Cities - 05/26/09 02:41 PM
Source: Forbes.com, May, 2009
Unemployment is on the rise, credit is tight and consumers aren't spending - which means they aren't picking up and moving much, either. Very few places in America saw significant population growth in 2008.
Despite the overall economic slowdown, some parts of the country keep on moving ahead, attracting more and more newcomers - even if it's at a slower pace than in more sound economic times. These places still offer a semblance of stability, as well as great weather, cultural life and, in many cases, affordability.
Read the full story
To determine the fastest-growing metro areas in … (0 comments)
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business news: Research Grants Bolster UNC Charlotte's Center for Real Estate - 03/07/07 10:43 AM
Funds to support practical regional development strategies
The Center for Real Estate at The University of North Carolina at Charlotte has received grants to fund two research projects aimed toward streamlining the Charlotte region's planning and development.
The first project, funded by the Crosland Foundation, is titled "Applying Tax Increment Financing (TIF) in the Charlotte Region," which the Center for Real Estate will conduct jointly with the UNC Charlotte Urban Institute. In 2004, North Carolina voters approved an amendment to the state constitution giving local government the ability to issue TIF (termed "self-financing bonds" in North Carolina), for economic development purposes. … (4 comments)
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business news: Charlotte, A City on the Move - 02/28/07 10:46 AM
Source: Investment Riches
Charlotte is a city of quiet southern charm with an abundance of beautiful tall tress, mixed with big city entertainment. Charlotte boasts a cost of living 3% BELOW the national average and a median household income 11.8% ABOVE. The city currently stands as the second largest banking center in the United States. Their five professional sports teams (Panthers, Bobcats, Checkers, Eagles and Knights) have dramatically increased the city's visibility across the nation as well as Lowe's Motor Speedway which is the home base for the area's NASCAR competition.
Overseas flights from the international airport have made Charlotte a more diverse … (0 comments)
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Chuck Webb
Charlotte,
NC
More about me…
Wilkinson & Associates
Address: 8604 Cliff Cameron Drive, Suite 110 , Charlotte, NC, 28269
Office Phone: (704) 393-0048
Cell Phone: (704) 724-2454
Email Me
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