Charlotte Real Estate and the Charlotte Condo Market

There are many people seeking a solid Charlotte real estate investment but a single family home does not fit your lifestyle. Some of these people include seniors, single professionals and young couples just starting out and tired of paying rent.  Charlotte Condos for Sale may be what you are seeking. There are several caveats to consider as you discover the Charlotte Condo market.

Charlotte is still a very new city. The condo market in Charlotte NC is still in its infancy. Many developers/investors did not do much research and just threw in their cash. Not a wise move.

You must first consider your market niche and decide why would a person want a condo in this location. Condos are to offer a more affordable home or convenience. Convenience is to either work and or night life. Condo developers swarmed in uptown Charlotte a couple of years ago without noting that the rate of condo development was far exceeding demand. Ultimately this challenged outer area condos because uptown Charlotte Condos were all the rage.

The rage has subsided and now many Charlotte Condo investors are holding onto empty condos. There will be many deals on uptown Charlotte Condos but please consider call of the expenses prior to buying. I do not share this to take you away from the condos but please consider these a longer term investment and be assured it is affordable for your budget. I do not want you to repeat the process that has occurred in uptown.

There are also areas where condos make a lot of sense. For example consider Piedmont Row in Southpark. Piedmont Row is a very nice complex with a great location in Southpark. Since Southpark attracted thousands of professionals that spend a couple of weeks a month at this office. These Southpark Condos are designed with you in mind. Due to the over development of Uptown Condos, many condos in outer areas (such as Southpark) did not see much activity over the past several years.

The areas such as Southpark will be ideal to take advantage of the slower market there. You can purchase condos below market value and be comfortable that you investment will appreciate over the next 5 or so years. These outer areas will recover much faster than uptown. Uptown Charlotte condos will take a while before our population meets the supply. In the mean time many of the 'investors' will let these homes go back to the bank.

Opportunity is all around. You just need to trust an expert that has your shared interest first. Visit my Charlotte Real Estate website for additional information of the greater Charlotte NC Homes market.

South Charlotte Real Estate

As the rest of the nation is experiencing a Real Estate melt down, Charlotte NC Real Estate continues to flourish. As you explore our expanding areas, you owe it to yourself to visit South Charlotte Real Estate. What is considered South Charlotte Real Estate?

South Charlotte is basically the entire pie shaped corridor from uptown Charlotte to the end of Mecklenburg County (Charlotte Real Estate is in Mecklenburg County). The areas just south of town are Dilworth and Myers Park. The Myers Park Real Estate has always been very affluent and prestigious. It is known for its wide winding roads and large tree canopies. Dilworth has been recently renovated and the homes in Dilworth maintain a great value.

Further South you enter into Southpark Real Estate. This is an older area that has gained a lot of value over the past 15 years. There are many white collar corporate offices within Southpark and this has influenced the trends of Southpark homes. In addition to the Southpark corporate offices, Southpark Real Estate also enjoys the upscale Southpark Mall.

As you continue your southward trend you discover Carmel Country Club, Piper Glen and then Ballantyne. The greater Ballantyne Real Estate area has basically extended to the southern border on Charlotte and Mecklenburg County.  Each of these areas offer golfing, shopping and affluence to impress the most successful among us. South Charlotte has expanded well beyond the confines of these larger neighborhoods and the prosperity reigns throughout the southern corridor. Travel Ardrey Kell rd and you will fell the growth first hand. The shopping center at Rea and Ardrey Kell is almost a year old and now a newer shopping area is due to open this year at Johnston and Ardrey Kell. On the south side of Ardrey Kell (between Johnston and Marvin rds) has a new Peak Fitness Center, the 521 Recreational Complex and a new Elementary School will be opening in 08.

The cause of the national Real Estate decline is also being driven from people relocating to Charlotte Real Estate. Come see for yourself.