The Charlotte North Carolina Real Estate Market is Still Growing in Spite of National Trends

By shaye • June 4th, 2010

If you have been watching the most recent news on the real estate market it would seem that all the homes and property in the U.S. have depreciated in value and are experted to fall even more in value in the coming months and maybe even years. The fact is however is that the figures that you are shown on the news are “national averages” and they can be deceiving.

For instance there are some markets that have completely “tanked” such as the bay area of California and some parts of Southern Louisiana. However; the fact is that there still are real estate markets that for various reasons are still growing and are projected to continue expanding on into the future.

The Charlotte, North Carolina Real estate market is is just one of those markets and the fact is that unlike “boom or bust” markets that dominate so much of the overall U.S. real estate market, the greater Charlotte area has seen real estate prices increase by a steady 6% over the past decade and it shows no sign of slowing down.

Why Charlotte, North Carolina? For one thing when you buy a home there you still can get the home of your dreams for the same price as you can buy a “start up” home in so many of the over inflated markets in other areas of the U.S.

Right now the average median home price in the Charlotte North Carolina real estate market stands at approximately $225,000 and that is only the average, which means that there are many homes available for more than that as well as less.

This means that people who have been saving to buy their first “start up” home as well as those who have been waiting for the chance to move into their 5,000 square foot dream home have a far better chance of achieving their goal in Charlotte now.

Written by Joesph Frantz. Find the latest information on Charlotte North Carolina Real Estate

 

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