Foreclosure And Short Sale Homes Hard To Find In The Charlotte, NC Region
Having trouble finding a foreclosure or short sale home to purchase in the Charlotte area and thinking the Luck of the Irish has abandoned you? You'll be glad to know it's nothing to do with the luck of the Irish. Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained very low at 1% of total sales in February 2019, down from 2% in February 2018. As a percentage of closed sales for the past 12 months, it's even lower at 0.8%.
Why Foreclosure Bargains Are Almost Impossible To Find In The Charlotte Region:
Foreclosure sales were down 43.6% in February 2019 compared with February 2018.
- Short sales were down 61.1% in February 2019 compared with February 2018.
- Inventory of foreclosure and short sale properties stood at 1% of total number of homes for sale in the Charlotte region.
Median selling price for foreclosure homes was up 89.6% in February 2019 versus the same period one year ago. Median sale price for non-foreclosure homes was up only 2% in February.
FEBRUARY 2019 SHARE OF DISTRESSED PROPERTY SALES IN THE CHARLOTTE REGION
Foreclosure/Short Sale Home Sales In Charlotte Region At Their Lowest Levels Since 2016
Average Selling Price of Charlotte Region Foreclosure/Short Sale Homes At Its Highest Level Since 2016
Steady Decline Since 2016 Of New Foreclosure/Short Sale Listings In The Charlotte Region
Want to stay on top of foreclosure and short sale home listings in the Charlotte metro area?
Contact Carolinas Realty Partners and we'll send you a list of distressed properties as they come on the market.
This update on distressed property sales in the Charlotte region is brought to you by Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Charlotte metro area residential real estate experts.
If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, exceed your expectations, and to prove to you that: