Charlotte Homes: December 2010

Charlotte House Prices are still going down but Interest Rates Rise

Charlotte house prices have not shown any appreciation or recovery in 2010.  The dropping list prices were enough to incent many to purchase their first home or to upgrade into a larger house.  In south Charlotte, we were hopeful that the area would bottom out and begin to see appreciation growth of a couple percentage points but this never happened.  The list prices continued to drop throughout the year and are now sitting at very attractive prices with interest rates that seemed to have hit bottom last month and on their way back up.

30 year interest rates flirted with the 4% mark but are now around 4.625% and they seem to still be going up.  Home buyers need to be aware of what the interest rates are doing because this effects their real cost of buying a house.  The interest rate can be just as important as the list price and I believe this has caused several of the buyer clients I have been talking to for the last 6 months to get serious about making a move during the 2010 holiday season.

For More Information about South Charlotte Real Estate

Townhouses & Condos in South Charlotte NC Listed Under $400,000

Townhouses in South Charlotte get a lot of attention from young professionals and new couples.  The south Charlotte area is ideal for people working between Uptown and Ballantyne.  South Charlotte townhouses usually offer neighborhood amenities (pool, walking trails, and/or tennis courts) and are desirable because most of the home owners association fees include exterior maintenance, and lawn/landscaping around your property.

South Charlotte real estate offers one of the best, (if not the best) of Charlotte's lifestyles.  The neighborhoods are close to upscale shopping, farmers markets, boutique shopping, local restaurants, and many entertaining activities for families and adults.

The South Charlotte area is peppered with small parks that give residents the opportunity to get away from the city hustle.  The parks offer picnic shelters, walking trails, tennis courts, ponds, soccer and baseball fields.

Don't buy a townhouse in Charlotte without considering what south Charlotte has to offer...Remember, the location of your townhouse is a very important factor when making your buying decision.

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