ResalesCharlotte, North Carolina Realtors Report More Closings
Charlotte, North Carolina is the hub for several counties, which is keeping real estate sales brisk for fall, say local Realtors.
"If you want to feel as if you are on vacation every time you go home, come to Lake Norman," suggests Realtor Nancy Baity. "For the Charlotte area, the number of closings on residential properties were 1 percent above closings reported during the same time period in August, 2002. The average closing price was $193,764 which was a one percent increase over last year"s reporting period."
Say Realtors Judy and Charles Webb, "Charlotte is a diverse market covering all types of properties and price ranges. The market in Charlotte covers a number of counties for example: Mecklenburg, Cabarrus, Iredell, Union, Gaston, Lincoln and even parts of South Carolina.
About the market, the Webbs say, "Currently, it is a strong buyer"s market. There are many popular subdivisions and generally an ample supply of inventory. New construction is a large part of the market with dozens of new homebuilders. Realtors sell the majority of new homes and resale homes. Charlotte has grown steadily over the years and along with it, so has the real estate market. The economy is turning around for real estate. New construction is also trending upwards. There are some great buys on the market right now and it is a very good time to buy. Interest rates are low, but it is anyone"s guess how long that will last. If you are thinking about buying a home, this is a really great time to buy. After all, it is a strong buyer"s market."
Realtor Gail Daly says, "Realtors® are committed to keeping the Charlotte region a vibrant, attractive and prosperous place to live, and to welcome the newcomers brought by our successful businesses with the homes and the school capacity they need. As advocates for all homeowners and prospective homeowners, Realtors® are actively involved in local issues. Our goal is to assure that the quality of life in Charlotte remains excellent for current residents and the new residents attracted by the region"s prosperity."
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