It has been in the news lately that several of the planned uptown condo towers are on hold in light of the recent downturns in the market. Of 20 projects that were planned, only 8 have actually started. There were 313 units listed for sale in MLS, of which 40 are new construction. But, the Charlotte Observer recently reported that the actual umber of completed units available uptown is more like 300. Builders often do not have all their inventory in MLS. Closings have increased to the rate of about 12 per month.Only a few new construction units have closed recently. The average per sq ft closed price is $245.75. The average uptown unit is a one bedroom, one bath 1058 square foot property and the average sales price for an uptown condo is $260.
ZIP Code: 28202 Location Characteristics: The uptown area of Charlotte was booming with numerous condo projects planned and underway. According to The Charlotte Observer newspaper, two years ago there were 20 projects on the books. Now some of those plans have been scrapped because of the economy, and several have had legal problems. There are few single family homes in the uptown area and they do not go on the market often.
About Ann Marie Burke:
Hi! I'm Ann Marie Burke, a devoted wife, mother and REAL ESTATE AGENT! I've lived in Charlotte all my life and have been in Real Estate 7 years. I live in-town, and my office is in the Southpark area. But, I have family all over- from Lake Norman to Lake Wylie to Union County. If you are planning to buy, or sell a home in or around Charlotte, trust that I know the area and can help you get the most home for your money, or money for your home if you are selling.
Other agents have told me they don't know anyone who works harder for their clients. I have been very successful in real estate (I am a Top Producer every year) and really believe there are 2 reasons I have done so well-Coldwell Banker has great programs in place to help me sell homes and I work hard for my buyers and sellers in all price ranges.
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