Real Estate News and Advice
July 11, 2009
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.


Market Conditions Summary for Charlotte, North Carolina


Reported by

Daniel Calkins
as of 7/10/2009:
753 homes sold in August with sales prices that were 96.17% of asking price. The average sales price was $240,871. The typical home stayed on the market for 84 days with an average price per s/f of $115.75. We will continue to see growth as more... MORE->
About Daniel Calkins

Reported by

MARY SEIFRIED, GRI, ABR, ePRO
as of 7/10/2009:
The current condition is a strong Buyers market. For the most current information call Mary at 704 252-3404 or 704 883-0844. Download my new "CHARLOTTE REAL ESTATE" Application on iTunes to learn more and find your dream home on the go. New GPS... MORE->
About MARY SEIFRIED, GRI, ABR, ePRO

Reported by

Kerry Beach
as of 7/10/2009:
For Charlotte, North Carolina and Mecklenburg County, the average sales price in May (see note below) for single-family homes was $219,513, and for condos/town homes was $170,501. Contact us at 704-995-4932 for detailed information on residential,... MORE->
About Kerry Beach

Reported by

Debbie Sloan
as of 7/9/2009:
Call Debbie Sloan, 704-658-6068, to get the scoop on the local real estate market. In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time... MORE->
About Debbie Sloan

Reported by

Rich Ferretti
as of 7/8/2009:
CHARLOTTE is experiencing a buyers market with prices trending downward. Average prices of existing homes range from 220k and 240K Feel free to contact me anytime @ (704)... MORE->
About Rich Ferretti

Reported by

Julie Tuggle
as of 6/17/2009:
May '09: According to the Charlotte Regional Realtor Association statistics, the average home sales price for may was $199,243. The average sales price was down by 11% over the same period last year. May sales totaled 1,912 out of... MORE->
About Julie Tuggle

Reported by

Ann Marie Burke
as of 6/10/2009:
Homes sales have been stuck at a slow pace of about 600 single family homes sold in Mecklenburg County this year. With the huge supply of homes it is definitely a buyer's market.At the current rate of sales, it would take 13 months for all the... MORE->
About Ann Marie Burke

Reported by

Bill Selby
as of 6/5/2009:
Charlotte has been named one of the most desirable cities in the U.S. to live and relocate too! Weather changes with each season but not too much change! The afordability of a home is now the BEST it has been in many years. First time home buyers... MORE->
About Bill Selby

Reported by

Suzanne Roxburgh
as of 5/18/2009:
In April sales continued at the same low rate, but ave. sales price increased from $174,377 to $195,296, with slightly longer days on the market of 101. What a great time to buy....for those who can qualify. Prices continue to drop and... MORE->
About Suzanne Roxburgh

Reported by

Lisa Kosis & Ken Bloch
as of 5/7/2009:
Charlotte and the surrounding areas are a wonderful place to live. Close to the mountains and beaches it makes it a very desirable area. Our lakes and towns make a bold statement of the lifestyle that you would want to live. Since January... MORE->
About Lisa Kosis & Ken Bloch

Reported by

Joye Baucom, CRS, GRI, ABR, e-PRO
as of 3/18/2009:
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... MORE->
About Joye Baucom, CRS, GRI, ABR, e-PRO

Reported by

Deanna Slep
as of 1/9/2009:
The market in Charlotte declined in 2008. The correction we are currently undergoing is not as drastic as that currently being experienced accross the country though. Overall, Charlotte house values have come down roughly 10% +/- and the amount of... MORE->
About Deanna Slep


Average Current Market Rating: 1.7    (12 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.2    (12 ratings)




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Falling

Rising

Navigate: Top > North Carolina > Charlotte
Ballantyne - Blakeney - Cotswold - Dilworth - Elizabeth - Myers Park - Providence Plantation - Sedgefield - South Charlotte - Southeast Charlotte - Southwest Charlotte - Uptown Charlotte


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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