The Charlotte real estate market continues its positive trends.
With cautious optimism, we had noted the gradual but measurable signs of improvement in the Charlotte real estate market in our previous report. But it’s always better to have an outsider verify your judgment. Now there’s additional confirmation from Credit Suisse, the highly respocted Swiss multinational financial services company headquartered in Zurich, and a leading world authority on investment banking. The firm was founded in 1856, and currently operates in more than 50 countries, so it definitely knows what it’s doing!
It’s significant that the Credit Suisse analysis noted the improvement in Charlotte real estate, which it attributed to these factors:
Affordability – There are many great properties at tempting prices, making this a prime time for both first-time buyers and seasoned investors.
Improved traffic – The exceptional affordability of the Charlotte real estate market is luring in buyers looking to act quickly on outstanding deals.
Positive movement in home prices – Downward pressures on home prices continue, with signals of future improvements.
Reduction in inventory – Sellers have been taking homes off the market ahead of the holidays, plus, backlogs in foreclosure processing may be depressing the actual numbers.
Looking at the US market in total, mixed indicators still evidence sound reason for confidence. The Texas market has slowed, but the report shows that the Charlotte real estate market continues to “a bit more life” after layoffs in the banking industry. Charlotte NC enjoys enviable advantages, from world-class transportation facilities, to a gorgeous climate, to a well-educated work force. The news that Chiquita is transferring its world operations here in Charlotte NC confirms that optimism.
The bottom line is that in this exciting but challenging market, you need an exclusive buyers agent, one who knows the market, has experience in making sense of the trends, and who only represents buyers, eliminating the risk of dual agency.
Related topics:
- Charlotte Real Estate Market Report – October The number of Charlotte NC homes on the market for October in the Charlotte-Gastonia-Rock Hill Metro Area was 19,584 as of 10/31/2011. The average sales price was $194,837, or 90% of the list price, which...
- Charlotte Real Estate Market Report – September Hints of positive movement muscled their way into the latest stats on the Charlotte real estate market. The average sales price was $196,686, or 89.4% of the list price, which is $13,571 or 6.45% lower...
- Getting Real in Charlotte Real Estate For a while, it looked like Charlotte real estate was missing out on the crazy boom times of areas such as California. Now that the party’s over, we’re glad we missed out! The Charlotte real...
