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November 20, 2008
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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 11/19/2008:
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

Kerry Beach
as of 11/19/2008:
For Charlotte, North Carolina and Mecklenburg County, the average sales price in October (see note below) for single-family homes was $260,312, and for condos/town homes was $196,674. Contact us at 704-995-4932 for detailed information on... MORE->
About Kerry Beach

Reported by

Ann Marie Burke
as of 11/17/2008:
Not much has changed in the last few months. Inventory has been holding steady for the last few months and is at about 8,000 single family homes. We have about a 10 month supply of homes, which has been true for much of the year. The price per... MORE->
About Ann Marie Burke

Reported by

Lisa Kosis & Ken Bloch
as of 11/17/2008:
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

Rich Ferretti
as of 11/15/2008:
CHARLOTTE is experiencing a buyers market with prices trending downward. Average prices of existing homes range from 240k and 280K Feel free to contact me anytime @ (704)... MORE->
About Rich Ferretti

Reported by

Bill Selby
as of 11/15/2008:
Charlotte has been named one of the most desirable city in the U.S. to live and relocate too! A strong economy is helping to keep home prices fairly steady in this ever changing real estate market. Signs are showing we at or near the very low point... MORE->
About Bill Selby

Reported by

Joye Baucom, CRS, GRI, ABR, e-PRO
as of 11/14/2008:
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

Debbie Sloan
as of 11/11/2008:
Call Debbie Sloan, 704-658-6068, to get the scoop on the local real estate market. The Charlotte area real estate market remains one of the nation's strongest markets while the 20 major urban markets have tumbled nearly 16 percent for the 12... MORE->
About Debbie Sloan

Reported by

Jeff Magee
as of 11/7/2008:
Any questions, call me toll FREE at 1.800.278.4045, press Zero to be connected immediately or visit JeffMagee.com. In July there were 713 sales with an average sales price of $226,917. The prior month there were 735 sales with an average sales price... MORE->
About Jeff Magee

Reported by

Bob Ballard
as of 11/2/2008:
WELCOME FROM CHARLOTTE!!! CRRA reports on the residential real estate market in this region. The number of closings for August 2008 was 2,469, which is a 34.5 percent decrease from August 2007. The average sales price for August 2008 was $230,472... MORE->
About Bob Ballard

Reported by

Julie Tuggle
as of 10/22/2008:
According to the Charlotte Regional Realtor Association statistics, the average home sales price for August was $214,927. The average sales price was down by 9% over the same period last year. August sales totaled 2,239 out of approximately... MORE->
About Julie Tuggle

Reported by

Beth Smith Shuey
as of 10/6/2008:
As of October 6, there were 41 homes on the market in this neighborhood, and five under contract. Four homes sold in September with an average sales price of $246,500, an average of $158/sf. This is down from the same month last year, where the... MORE->
About Beth Smith Shuey

Reported by

Rose Cramer
as of 9/27/2008:
Charlotte is in Mecklenburg County and covers a large area. The uptown and downtown of Charlotte is keeping pace with other large cities. You will see more Condo's being built in this area Surrounding communities are included in this... MORE->
About Rose Cramer

Reported by

Suzanne Roxburgh
as of 8/28/2008:
In July the downward trend on average sales prices continued to $199,947. Days on the market remained about the same at 73. The active listings have been on the market longer, and it appears that it is higher priced homes that are not selling, with... MORE->
About Suzanne Roxburgh

Reported by

Chip Walton
as of 7/15/2008:
Buyers have more choices in Charlotte than ever. Inventory continues to grow and it is taking sellers longer to sell their homes. Homes that are priced attractively, staged correctly, have recent updates, and repairs completed are selling first.... MORE->
About Chip Walton

Reported by

Bill Casagranda
as of 7/2/2008:
There were 14,234 homes sold in the Charlotte area in 2007, the average selling price was $260,335 and homes were on the market an average of 68 days. The Charlotte market has enjoyed a consistant appreciation factor without a sharp spike of... MORE->
About Bill Casagranda

Reported by

Lisa Hughes
as of 5/1/2008:
The Charlotte area is the only metro area in the country, which still is showing appreciation. We have four seasons of beautiful weather, low taxes as compared to other areas of the country, and excellent... MORE->


Average Current Market Rating: 2    (17 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.8    (17 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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