Charlotte Doing Well by John Green
I work with buyers from all of the country wanting to find a home in Charlotte North Carolina. Many are surprised about the positive state of the Charlotte area real estate market. They are surprised to see homes being built and construction going strong.
Buyers are also surprised that home prices have not plummeted like the cities they are coming from. Yes, home prices in the Charlotte area have dipped. Since the beginning of the year, the average single family home price is about $205,000. This is down from about $225,000 in 2008. This is a dip; not a dive.
Buyers can get great deals, but they have to be realistic. Charlotte is still doing well. The new Ally Bank is doing well. (I love their commercials – “Do you want a pony?”) Electrolux is relocating their headquarters to Charlotte and their employees are buying homes now.
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