Why You Should Consider Buying A Home in Charlotte, NC
It is no secret that sales units and sales volumn are down this summer. The lower-end market was moving before the tax credit ended and this helped to keep many real estate agents busy. During the tax credit months, our median sales price dropped almost 10%. This was driven by the lower-end properties that first time home buyers were purchasing.
I knew it would be a slow summer but I didn't know who would be taking advantage of this market next. It has been investors and move-up buyers that are keeping the market ticking in Charlotte, NC. Investors are looking for steals with hopes of quick flips while move-up buyers are getting in their desired neighborhood at bottom dollar prices and interest rates in the mid to low 4% range.
Our sales numbers in May and June show that buyers in the upper-end range are starting to shop this market. Houses listed from $250,000-$750,000 are starting to gain strength.
Reasons to consider relocating to Charlotte, NC
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Charlotte was recently ranked 16th for quality of life out of the major metro areas in the nation
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Charlotte housing and living expenses are low compared with other major cities
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The city is known for having a higher and more stable home-ownership level
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Charlotte neighborhoods are more aesthetically pleasing than what is common in other major cities
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Charlotte has nationally ranked schools and North Carolina has great universities
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Charlotte is located 2 hours from the mountains and 3 hours from the Atlantic Ocean
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Charlotte experiences 4 seasons with a short and mild winter
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Charlotte attracts a large educated crowd because of a growing job market, businesses moving to Charlotte, and because we are still the #2 finance city in the country
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Charlotte is loaded with parks and has a great green-way system that circles the city. This gives bikers, dog walkers, and runners plenty of opportunities to exercise
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Offers professional sporting events
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The city is home to the Carolina Panthers (NFL), Charlotte Bobcats (NBA), and is the capital of NASCAR with three races a year (Coca-Cola 600, Bank of America 500, and the All-Star Race). Many hope and plan for the city to obtain a major league baseball team in the coming years
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Ask your Realtor® how you can take advantage of this real estate market!
