Road to Real Estate

In June 2008, we had 2,218 single family homes close, while 1,934 homes went under contract.  This number is down slightly from May, but is still the second highest number in 2008.

Sales prices are at the highest $240,003 since August 2007, which is good news for Charlotte area sellers that price their home right.

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The bug has finally hit the Charlotte and Lake Norman Real Estate market.  The S&P/Case-Shiller Home Prices Index shows that area prices have dipped 0.1% in year over year period ending April 30th.  Always looking on the bright side of these stats, the same report shows that all 20 cities covered in the report showed declines [...]

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Here’s a snapshot of how many single family properties have sold in the CMLS market area since 2006.  This is not tied to just the Charlotte and Lake Norman area, but also includes Lake Wylie, Monroe, parts of Western North Carolina and north of Statesville.

It shouldn’t take a rocket scientist that this graph shows anything [...]

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I just finished compiling statistics for the 1st quarter of 2008 and found something that I should pass along to those of you that are trying to find a real estate company to represent you.
The CMLS (Carolina Multiple Listing Service) experienced a 25% drop in closings for the month of March (07 vs 08), whereas [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/20/08-2/26/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  470 for an average of $304,020 with an average of 2,203 sq ft
Price Changes:  381 from an average of $281,835 to $274,116 (-2.7%) 
Under Contracts:  286 for an average of $289,131
Solds:  164 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/6/08-2/12/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings: 461 for an average of $319,569 with an average of 2,219 sq ft
Price Changes:  384 from an average of $275,271 to $268,349 (-2.5%) 
Under Contracts:  285 for an average of $265,850
Solds:  141 for an average of $238,560 [...]

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Today, as I was doing my daily browsing on the Internet, I came across a headline that read, “Housing: Best Time to Buy in Four Years.” After wiping off my glasses, having a cup of coffee, and having others look at my computer to confirm the headline, I was not hallucinating. CNN.com posted [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/6/08-2/12/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  440 for an average of $315,196 with an average of 2,246 sq ft
Price Changes:  393 from an average of $274,018 to $266,627 (-2.7%) 
Under Contracts:  298 for an average of $217,977
Solds:  141 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/30/08-2/5/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  476 for an average of $313,594 with an average of 2,271 sq ft
Price Changes:  362 from an average of $316,063 to $307,735 (-2.6%) 
Under Contracts:  294 for an average of $231,820
Solds:  141 for an average of $231,268 with [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/23/08-1/29/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  418 for an average of $308,645 with an average of 2,200 sq ft
Price Changes:  362 from an average of $257,987 to $246,814 (-4.3%) 
Under Contracts:  287 for an average of $242,070
Solds:  141 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/16/08-1/22/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  426 for an average of $298,820 with an average of 2,174 sq ft
Price Changes:  359 from an average of $286,115 to $281,291 (-1.7%) 
Under Contracts:  260 for an average of $245,715
Solds:  127 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/8/08-1/15/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  549 for an average of $317,965 with an average of 2,241 sq ft
Price Changes:  449 from an average of $294,553 to $287,123 (-2.5%) 
Under Contracts:  293 for an average of $231,126
Solds:  134 for an average of [...]

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If you like a growing, trendy city, then Charlotte is the place.  Charlotte is the largest city in the state of North Carolina.  The population is approximately 672,725 within the city limits, but the Charlotte Metropolitan area population is approximately 1.5+ million and growing.  As one of the fastest growing metropolitan area in the country, [...]

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From Charlotte.com…
Charlotte is one of just three places where home values are up

BY STEPHEN BERNARD
AP Business Writer
NEW YORK
There are only three places in the country where homes prices are rising - and Charlotte, N.C., is at the top of that very short list.Along with Charlotte, Portland, Ore. and Seattle posted year-over-year home price appreciation in [...]

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Today I have decided to pull a different set of data for the Readers of Road to Real Estate: A Charlotte and Lake Norman Area Real Estate Blog .  Just like before, I pulled new listings, homes under contract and homes that sold from 3 different weeks throughout the year. This is to [...]