2010 is still a great time for a buyer, because now they are in a positive position, to BUY!. With the U.S. Government willing to kick in up to $8,000, you may want to act before the deadline of April 30, 2010. Let's face it, with the mortgage rates at a 50 year all time low, you would be gambling to see if it goes any lower! As a matter of fact, most mortgage lenders are expecting it to rise soon. The average Days on Market is 116, so inventory is taking longer to offload, and has in the last year vastly affected the price of the seller. One other indicator of things to come, is the fact, that Charlotte's Uptown Office/Commercial vacany rate (4.6%) has crept way up from the 2.3% it had going into 2009. I would suspect it will grow higher, with some new tower's about near completion. That said, for all the carnage it has endured, Charlotte is emerging from the recession as a highly desirable place to do business.! This article, says Charlotte is still #6, for economic conditions for businesses! Lets hope we get stronger for 2010, because I am sure we will be one of the first markets to fully bounce back!
Charlotte Real Estate Trends ::
Explore Charlotte neighborhoods at street level–virtually!
Now Enjoy Google "Street View" only at www.LovingCharlotte.com
We still have Microsoft Maps "Bird's Eye View" too! So you can really explore your home before you even set foot in Charlotte.
Need help, understanding it, watch this short 2 minute Google video
Get your Walk Score, here too!
What is it? It is the latest feature we have added to enhance your knowledge of where you may want to live! When you click on "View Details", you can scroll to the bottom of the screen to see your "Walk Score". It's not just for walking but also driving. It will tell you how close that grocery store, or fitness center, or heck even the local tavern! You won't find this on too many websites! So come back again, and again, to get your "Walk Score" on!
The Charlotte real estate market has shown steady growth in recent years, and all evidence suggests this boom is destined to continue. Union County is now the 7th fastest growing county in the nation! Union now has the state’s second-highest median income, second only to Wake County. This is because Charlotte is the second largest financial center in the U.S., next only to N.Y.C., where many people are now coming from. Charlotte is a progressive city with "Southern charm"! I hope to help you find a dream home and after we can sit and rock on my porch, drink some "Sweet Tea", and reminisce about our old homes. Not a fan of the sweet tea, then try this southern favorite, RC Cola and a Moonpie!
Recently, ABC Nightline did an exposé on Charlotte real estate and its explosive, constant, steady growth. Check it out — it will make you feel good for moving here, or it will make you want to move to Charlotte real soon!
Also people looking to retire need to check out South Carolina or here. Check with a tax advisor or accountant, but they allow more of a deduction on your pension. They have excellent schools (for resale value, or for a school aged family), and even lower taxes, are about a half hour from center city Charlotte, or minutes from Ballantyne.
You'll also find our web site to be a one-stop resource for your Union County real estate research. I am just a phone call away (704)-607-4729 and eager to talk about the local market for condos or homes, or preconstruction, or whatever is most interesting to you! I have just become a member of the Union County Home Builders Association, this will allow me to stay connected with many top builders. We delight in helping people succeed in this market, and when our clients come out of the transaction breathing that big sigh of relief, we're just as satisfied as they are!
Also all you Buyers out there, take note of our FSBO (For Sale By Owner) Link. You will not see this on any other website! I actively pursue taking pictures of these homes before they join a real estate. Why? Because your perfect home may not be listed on the MLS!!!
Proud of your Community? Allow me to feature it like this one:
Providence Downs, once you are here, you have arrived!
Lets start by saying at this time there are no definitive scientific tests to determine if some home has Chinese drywall.
BUT
What the field inspectors are noticing is a rotten egg smell (sulfuric acid). Also the other thing people are n...
Can you guess it. I bet you could. Of course it will be close to center city, but not in the four wards. It is by a major hospital, has the word park in its name. It is zip code 28207. Okay you guessed it...
Myers Park
Th...
On the average sales price of a home also dipped 6%. The price dropped from $209,245 in August to $196,760. The closings went from 2,221 to 1,945.
The good news is after a hard winter, I predict we will bounce back in the Spring of 2010.
Sorry to...
It is amazing how far FHA Loans have come for such a big organization. FHA now has a 35% market share of conventional loans from what used to be a 5% market share, a little under two years ago. Check out the Realtor.TV link or hopefully REW websit...
I just saw an article on Yahoo and Charlotte Business Journal saying sales are down in Elizabeth (which is an area of Charlotte, most in zip 28204).
The article went on to say that Forbes.com says the Elizabeth area of Charlotte is among 25 U.S. nei...
The number of homes that have sold above $750,000, or those considered High-end for Charlotte, have plummeted according to the National Associations of Realtors, and according to my own analysis.
From the first quarter of 2009 there were only ...
One more thing. I saw this written on a post on City-data.com, and thought it rang so true, I am passing it on here! Also click on this link for another great post on City-data.
"When looked at as a whole, many say there are really three Union Counties. The western portion is made up of communities such as Weddington, Waxhaw and Marvin that attribute their recent growth to spillover from South Charlotte’s luxury homes. Monroe, the county seat in the geographical center of the county, is the center of government and industry. And eastern Union County, including the towns of Marshville and, farther north, Unionville, retains its largely rural appeal and is home to the county’s still thriving agricultural base.
Together, the 14 incorporated towns of Union County offer a combination of country charm and urban convenience promising something for just about everyone."
So please, have a look around, and contact us with any questions you might have about the market or our services. No question is too mundane - were here to help!
