New Housing Statistics Show Charlotte as Number 1 in the Country
CHARLOTTE, NC: The National Association of REALTORS declared Charlotte the number one city in the nation for growth in home prices from the beginning of last year to the beginning of this year. Prices have surged more in the Charlotte area than anywhere else in the US.
The median home price in the 7-county Charlotte metropolitan area, including Charlotte, Gastonia and Concord, was $195,000 for the first quarter of 2011. This statistic is up more than 12 percent from the first quarter of 2010.
Charlotte didn’t feel quite the boom that many of the nation’s major cities did in the 2003 – 2006 years. Prices just never climbed the way that they did in other cities. When the recession hit the rest of the nation, Charlotte didn’t quite feel the ‘heat.’ It seems that in recent months, things have been at a near-stand-still but, it is refreshing to see some positive growth in our sales prices–finally!
Charlotte housing is on the move again and our rebound looks most impressive at the moment. Charlotte’s more established neighborhoods, including Myers Park, Dilworth, Elizabeth, Midwood and Beverly Woods have been our mainstay during the downturn and will likely lead the city’s growth again during the second half of 2011 and into 2012.
Charlotte North Carolina Real Estate – Charlotte NC Relocation
Debe Maxwell, CRS, Realtor®/Broker
The Maxwell House Group Real Estate
1920 E. 7th Street
Charlotte, NC 28204
Mobile: (704) 491-3310
Fax: (704) 353-7014