We've been celebrating the slow recovery of the housing market in our monthly Charlotte Real Estate Market reports. The last five months have seen steady and continuous improvement, which indicates genuine and sustained health in Charlotte real estate. We've noted the arrival of new businesses, the continued favorable political and regulatory climate, and the ongoing increase in the population.
The news is out: Folks have discovered what a wonderful place Charlotte is to live in, work, or start a business!
So this news from the Charlotte Observer confirms what we've been seeing. Home prices in the Charlotte real estate market are up 2.2% from last year, reflecting growing demand. The experts agree, as this excerpt from the Charlotte Observer article confirms:
“All in all, we are more optimistic about housing,” said David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices, which compiles the report. “The news on home prices in this report confirm recent good news about housing. … Upbeat trends continue.”
The "secret" about Charlotte real estate is three-fold:
1 – Average sales price. You get more house for the money in Charlotte than in most other growing regions.
2 – Cost of living. Folks in Charlotte enjoy a low cost of living that many other regions envy.
3 – Location. And what a location! Charlotte is a short drive to the beach, the mountains, and to top vacation and business spots such as Charleston and Atlanta. Charlotte also has a first-class airport that’s easily accessible and well-run. Plus, residents here enjoy the advantage of in-state college tuition at some of the best schools around. Finally, we are fortunate to have premiere health-care facilities, adding to Charlotte's appeal to retirees.
Want to enjoy the Charlotte advantage? Give me a call at 704-366-0542, or email me by clicking here.
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