Out to make a killing in real estate? Charlotte’s probably not for you!

April 23rd, 2009 categories: Charlotte Real Estate Trends, Finances

A Realtor telling you you’re probably not going to get rich** ~ depending upon your view that’s either killing the sale or refreshing. For those of you out to make a killing ~ you might check here, here or invent one of these.

Are they gone yet? OK good, for the rest of you…here’s some refreshing news on Charlotte Real Estate. The Charlotte market is sound — it has not collapsed nor is it (or was it ever) as apparently RED HOT as Naples, Florida (see above). Most of the people in Charlotte are working and living comfortably, happily in their homes. Are things tough? Sure they are and we’re not immune to the economic woes.

But here’s the thing about homes in Charlotte we have not had a citywide boom (OK maybe in 1848) nor have we had a bust! We’ve have some incredibly hot areas like Union County, Ballantyne and Myers Park / Dilworth but overall our market is steady.  ** I should clarify my “not going to get rich” comment.  Don’t get me wrong there are many many many people who have and continue to get rich from Charlotte real estate. But most of our clients just want a great home, in a nice neighborhood with some better than average price appreciation. For you the following Charlotte market statistics are encouraging.

According to and courtesy of Zillow take a look at the following one and ten year Charlotte home price trend charts ~ I know steady appreciation boring…..but in 2009 Charlotte residential real estate Boring is the new Black!

Charlotte Home Price Appreciation (One and ten year)

Ten year (2000-2009)

One Year (2008-2009)

I apologize if you were looking for a more exciting Charlotte real estate story ~ but if you’re like us right about now we could use a little less excitement thank you very much! If you like what you’re read, you’ll love working with our team please give us a call  888-297-6100 we’d be happy to help you with a rational, sane and smart approach to finding a home to live in here in Charlotte North Carolina!

This entry was posted on Thursday, April 23rd, 2009 at 6:35 am and is filed under Charlotte Real Estate Trends, Finances. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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