charlotte real estate market: Today's Real Estate Market and Today's Home Buyer
- 09/29/11 04:28 AM
After watching the most recent real estate update by Steve Harney (a respected national real estate expert) there is some information that is important that the public understands. First we need to look at who is today's home buyer. It is the first time home buyer and investors. The volatile stock market and employment uncertainty has definitely affected the high-end market. In our office, consisting of 96 agents that covers the entire Charlotte market, our average sales price to list price is up to 91%....it was staying around the 87% mark for several months but we are finally seeing this number creep back higher. Our average … (0 comments)
charlotte real estate market: Single Family Home Prices in Charlotte, NC
- 05/27/10 05:16 AM
Single Family Home Prices in Charlotte, NC These are the numbers for the houses sold in the Charlotte area during the month of April, 2010. There were 800 sold properties during the month of April and most of them were in the lower price ranges due to the first time home buyer tax credit.
If you aren't familiar with where the different areas are in Charlotte...picture a pie with 9 slices. Area 1 is to the north, Huntersville, and the areas go clockwise around the city. Area 5 is SouthPark, Myers Park, and down towards Ballantyne. Area 6 is Dilworth, Sedgefield, … (0 comments)
charlotte real estate market: Charlotte NC Real Estate Update (March 2010)
- 03/08/10 03:10 AM
Charlotte, NC was not supposed to be strongly affected by the housing downturn. Everybody in Charlotte was told that we would be one of the last cities to feel the housing slump and would be one of the first cities to stabilize. This has not played out theway that everyone expected. Worries about Charlotte's real estate market did not really scare the public until Wachovia was bought by the San Francisco based Wells Fargo. Charlotte is known as a banking city. The scare ooccurred again when there was talk of Bank of America being moved to New York. Now that we have a … (1 comments)
There has been a wave of first time home buyers trying to take advantage of the $8,000 tax credit. It seems that most of the activity was in the $250,000 and under price range. The first time home buyers have slowed significantly as most of the anxious buyers have already entered into a contract in hopes of closing the house by November 30th. This will be harder for buyers who are trying to obtain a FHA loan because the underwriting process is more stringent. The last couple weeks we have been noticing more buyers … (0 comments)
charlotte real estate market: Is The Charlotte Real Estate Market Coming Back Any Time Soon?
- 09/25/09 12:04 PM
Is the real estate market coming back anytime soon? An area economist spoke at our office this week and explained the 3 possible scenarios. The housing market will either take shape of a V, a W or a U. Let's all hope that it is a V but for Charlotte they are predicting that we will experience a U. We will get to a bottom and we will ride along the bottom for many months before the housing market begins to turn and before we will begin to see an increase in housing values. All signs indicate that we have … (0 comments)
After watching the most recent real estate update by Steve Harney (a respected national real estate expert) there is some information that is important that the public understands. First we need to look at who is today's home buyer. It is the first time home buyer and investors. The volatile stock market and employment uncertainty has definitely affected the high-end market.
;)
;)
;)
