Thursday, May 19, 2011

CHARLOTTE IS #1: We are Top for Home Price Growth

That's right, you read it correct. Charlotte is number one in the nation for growing home prices, according to the National Association of Realtors who showed that prices have gone up by 12% since last years first quarter. The median home price for a Charlotte area home is $195,000 and this included all of Charlotte, Gastonia and Concord. Some of our more developed and secure parts of the city, such as Ballantyne and Myers Park, surely have a large part to do with the upswing. Even so, more in development stage neighborhoods, such as the University area, are beginning to pick up with houses that have been on the market for years now beginning to sell. Some readers may feel like they have yet to experience this upswing but know this: the Charlotte area is steadily picking up as buyer's reluctance has begun to switch over to intrigued curiosity of potential homes. The figures speak for themselves.

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