Sunday, April 28, 2013

Charlotte Real Estate Market for the first Quarter of 2013

Charlotte Real Estate Market
The greater Charlotte Real Estate market continues to pick up steam but how are the single family homes proportioned?  The graph above depicts the 1st quarter sales for 2013 (through 4/28).  Charlotte Foreclosures consist of a large portion of our market at 24%!  Keep in mind that the vast majority of these foreclosures have multiple offers and many are selling above list price.

Charlotte Short Sales are only 6% of our market.  Many sellers still do not realize the benefits of a short sale as opposed to a foreclosure.  There are great benefits of Charlotte Short Sales for seller, the mortgage company and the buyer.  It is time to make the best of a bad situation and time to move forward.  My short sale listings are quickly under contract but we understand how to list and sell a short sale properly to assure all parties are satisfied.

Charlotte New Home sales continue to sell at an impressive pace.  Not all new home sales are listed within the Carolina Multiple Listing System but is reflective of the health of our real estate market.  Charlotte New home Sales remain at 16% of out total single family home sales.

54% of our market has been standard resales.  Our inventory remains very low and all homes are selling!  Homes prices are beginning to rise but fortunately the interest rates remain at historic lows.  it is still a great time to sell or purchase Charlotte area homes for sale!