Archive for July 31st, 2008

Charlotte Real Estate Bore

July 31st, 2008 categories: Our Charlotte Realtors

Check out a tune for our Blog…Blah Blah Blah more Charlotte Real Estate!! Believe me we as Charlotte Realtors are just as frustrated as the sellers and the buyers!!

Authored by Donna Johnston | Discussion: Your Comments Please »

Kid in a candy store? Charlotte’s August Market Statistics

July 31st, 2008 categories: Market Trends

When was the last time you visited a candy store?  This months Realtor Reflections shows the comparison of statistics from June 07 to June 08. Check pages 50-51 to find out what is going on in today’s market in Charlotte, NC.

The stats are not the best news if you’re sitting on a home and can’t sell but if you’re looking to buy a home ~ well the Charlotte market kinda looks like a candy store. If you’re a buyer you’re a kid again! Sellers please don’t throw Milk Duds at the computer ~ the reality is there are always people looking to buy and people looking to sell. Sellers: it’s just a matter of making sure you candy is out front and marketed well. Buyers: be patient, do your homework (you’re a kid remember) and don’t lose sight as to what features are most important to you ~ choose your favorite candy! Buyers & Sellers: Now is the time  you want need an experienced, patient and levelheaded Realtor ~ let us help you!

• Days on Market June 08- 37% closed 120 days or more, 17% closed between 91-120 days, 24% closed in 60 days or less
• Average Days on Market 125.08!!
• Whew..that why my home has NOT sold yet!!Contracts decreased 32.4% over this same period last year.
• Closings decreased 29% over the same period of one year.

Average closing price decreased 5.8%compared to the same period as last year.  Not as much as the media leads you to believe. I am not quite sure why newcomers come to Charlotte and think they can steal a home for 25% LESS than the asking price. That is just not what happens here!

This gorgeous home in Dilworth is currently listed at $699,000. The higher end market in Charlotte has seen a larger decrease in prices with longer times on market and I do think that is because of the media and the new lending regulations. This home is located at 525 Atherton. Click on the photo to see a virtual floorplan. Charlotte is still a sweet place to live!

So what is your fav candy? Snickers, Lik-m-maid, juju bees? We’d like to hear ~ please leave us a comment!

Authored by Donna Johnston | Discussion: Your Comments Please »