With this home, YOU’RE NOT ONLY BUYING A HOME, YOU’RE BUYING INTO CHARLOTTE’S MOST POPULAR LIFESTYLE – one that you will enjoy for years to come!
GREAT location WALKABLE to Dilworth, Freedom Park, South End and just MINUTES from Park Road Shopping Center (and our favorite Blackhawk Hardware!), Myers Park, SouthPark Mall and Uptown! Enjoy a wonderfully convenient lifestyle in close proximity to the Light Rail, fabulous food trucks in South End, the hottest new micro-breweries, amazing restaurants, boutique shopping and the new Publix!
"With unemployment falling from 10% in 2009 to 7.4% today, and with fewer homeowners carrying underwater mortgages -- 850,000 homes exited negative equity in the first quarter of 2013 -- people are more willing and able to pick up stakes.
The Census Bureau says nearly 5.1 million people moved to a new state last year -- up 17% from 2010 and the highest level since 2006. And as real estate has recovered, demand has outstripped existing supply: Only 5.2 months' worth of homes were on sale in June, down from 9.4 in 2010."
"While prices in Charlotte remain slightly below their pre-recession level, that is reflective more of the intensity of the housing bubble than the growth rate in recent years. Since bottoming out in the first quarter of 2011, prices have since grown by nearly 20%. The average home in Charlotte now sells for $192,800, compared with an average sales price of just $156,600 in 2012."
Buttressed by the area’s dramatic economic bounce back from the depths of the recession, Charlotte’s housing market will continue strengthening in 2015. Additionally, while mortgage rates are still low by historic standards, they’re not the driving force of the market’s growth.
Savvy Sellers average far higher list-to-sales price ratios - visit www.iCharlotteRealEstate.com for more information on our marketing abilities for our sellers. This article is great news for the Charlotte region!
Are you contemplating going with the maximum conventional loan ($417,000) and dropping the remaining balance in cash? Think again - jumbo rates are incredibly low right now, affording home buyers the opportunity to hold onto their cash.
Home prices in Charlotte have (hopefully) stabilized a bit with Charlotte remaining in a strong seller's market. Single family home inventory in Charlotte is at a 10-year low with a 3.9 month supply and condo/townhome inventory, also at a 10-year low with a 3.8 month supply.
Not surprisingly, Charlotte is #5 on the list of hot cities for jobs - our diverse economy has proven year after year, that Charlotte can withstand any national economic turmoil that may be in place at the time.
New construction is definitely even ahead of the national trend. Even with the Feds announcing tapering at the end of the year, we're still selling new construction like hot cakes here in Charlotte! Here's to a fabulous New Year in new construction across the nation too!
The Dilworth real estate market has gone from a 29.7 month supply in January, 2010 to what is currently now, a 3.6 month inventory. Note: In November, 2005, we were at our lowest supply of inventory in Dilworth at 3.9 months; today, we’re below that level at 3.6 months! What that means for Dilworth homeowners, is that we ARE experiencing a strong Sellers’ market in our community. A home supply of less than 6 months is considered a Sellers’ market so, 3.6 months of inventory indicates our Sellers’ market since 2005.
I realize that this is ia national article but, there is truth for us locally in this one! In a recent conversation with a local builder, in his opinion, new construction will not be able to keep up with the CURRENT demand for 5 years.
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