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November 27, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Charlotte, North Carolina

Reported by Joye Baucom, CRS, GRI, ABR, e-PRO, REALTOR

Updated August 24, 2009.

Current Market Rating: 2




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2
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5
Buyer's

Seller's

Current Price Trend: 2




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2
3
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5
Falling

Rising

Homeowners are leaving the north because of cold winters, high taxes, the economy, etc., while others are leaving Florida and surrounding areas because of the hurricanes. We are simply getting families from all areas of the country because they have heard about or researched Charlotte and all the things that this City and area offer.

Based on all data from the Charlotte Regional Realtor Association, average sales prices in July 2009 decreased 7.7% over July of 2008 and decreased 2.6% over June of 2009.

ZIP Codes: 28277, 28270, 28227, 28227, 28210, 28205, 28215, 28211, 28212, 28208, 81204, 28205, 28207, 28209, 28201, 28202, 28216, 28262, 28269

Approximate Location Boundaries: Bounded to the North by Iredell County (Mooresville and Statesville), to the East by Cabarrus County (Concord); to the Southeast and South by Union County (Monroe, Weddington, and Waxhaw); to the Southwest by South Carolina and Lancaster County (Lancaster, Fort Mill and Tega Cay) and to the west by Gaston County (Gastonia and Belmont).

Location Characteristics: Charlotte's economy has declined over the past year or so as has the rest of the nation. However we are slowly rebounding. Our 5 professional sports teams (Panthers, Bobcats, Checkers, Eagles and Knights) have made the city increasingly visible across the nation. Lowe's Motor Speedway is the home base for the area's NASCAR competition.
Overseas flights from our international airport have made Charlotte and increasingly more diverse city, as the area continues to attract foreign firms and trade. People throughout the United States and the world have relocated to Charlotte for its unique opportunities. People who can live anywhere in the world have chosen Charlotte for our four mild seasons and its incredible beauty. Fishing, hiking and biking havens are available for the outdoor enthusiast. Lake communities, mountain regions and the beaches are all in close proximity. US News and World Report have ranked our medical facilities among the top in the nation. Active and retirement communities provide lifestyle choices. There are also 16 prestigious golf course communities in the area. Charlotte is now home to a $25 million whitewater park on the Catawba River. Imagine paddling Class III rapids less than 10 minutes from uptown!
Charlotte's cultural art scene is being transformed with plans calling for a new modern-art museum, a renovated Discovery Place, an expanded Afro-American Cultural Center, a 1,200 seat theater and steps toward moving the Mint Museum of Art uptown.
Charlotte Mecklenburg Public schools are among the best in the nation. CMS became the first urban school district in the U.S. to be accredited by SACS CASI, the largest accrediting agency in the world. CMS has been awarded one of three national Pride of SRA Academic Recognition Awards for elementary reading. Newsweek Magazine ranked 3 of our area high schools on the top 100 list of best high schools in America.
Charlotte is now home to 7 higher learning, 4-year Institutions: Johnson & Wales University, which is the only culinary school in the region; Johnson C. Smith University, which U.S. News and World Report ranked twice as one of the best comprehensive colleges in the South; Pfeiffer University which offers studies and a school of business; Queens University that U.S. News and World Report ranked as having one of the top 10 Internship and Development Programs in the country; and UNCC which provides the fourth campus of our statewide university system. In our surrounding Charlotte area we have Belmont Abbey College which U.S. News and World report ranked as one of the top comprehensive liberal arts and professional studies colleges in the South, and highly selective and nationally recognized Davidson College.


For More Information:

View Market Conditions of other areas served by Joye Baucom, CRS, GRI, ABR, e-PRO

Navigate: Top > North Carolina > Charlotte

About Joye Baucom, CRS, GRI, ABR, e-PRO:
Actually being a native, I offer a wide perspective of the area and its appeal. I have been listing and selling real estate since 1980 and am associated with one of the most prominent and successful residential real estate firms in the Charlotte region. I share Dan and John's passion for service, integrity, and going the extra mile for clients and customers. They have provided a family atmosphere where relationships and old-fashioned values are tremendously important. I share their commitment to superior service and value the relationship and support as it translates into working with every seller or buyer.

I embraced the internet technology for serving our real estate needs and became an e-PRO, a technology certification held by about l% of all Realtors worldwide. With on-line home tours, you can virtually see more homes and I can link you to MLS and a system to alert you by e-mail when new homes suiting your needs come on the market or reduce their price.

My husband Don and I have lived in Charlotte since 1960. Charlotte afforded us every opportunity to establish our careers, raise our family, and enjoy life to the fullest. Many people seek retirement destinations but I feel Charlotte has it all.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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