First Quarter Charlotte Home Sales A Market Report

1st Q 2010, Charlotte Home Sales, Charlotte Home Prices, Foreclosures Included- Best Charlotte Stats on the Web.

A Recovering Charlotte Real Estate Market

A Market Report based on the 7 core counties as reported in Charlotte MLS

So, the median cost per square foot in 2010, through the first quarter is $208,387/2216 = 94 /sf

In 2009,

*All data courtesy of the Carolina MLS, but not interpreted by the MLS.

**Core Counties include: Mecklenburg, Union, Iredell, Cabarrus, Gaston, Lincoln, Catawba,and the Upstate portion of York County

The median cost per square foot in 2009, 1st Q, was $92/sf

So, regardless of Case- Shiller Charlotte Real Estate is on the rise, 2/92%, or Charlotte home prices, as measured by median cost per sq ft in the MLS,  are up 2.17%. We’ll update again in a few days when the last days’ sales are fully recorded- but it won’t change much.

Charlotte Home Sales- the volume of sales, that’s up too, 7.86% over the first quarter of 2009.

And the 2010 figures are “still counting”, as some Brokers have not changed their Pending status to Sold Status quit yet from the last day of the month. We’ll update the numbers in few days.

Charlotte Home Prices Including HUD homes- and other non-Listed residential real estate

There is a  2nd market that includes distressed homes, foreclosures/HUD homes and Fannie and Freddy homes, Not listed in the MLS…  I get these numbers in graphical format from Altos Research, an industry leader- I think you’ll agree it is quite revealing.

The only declining price – in Charlotte is zip 28203, which is intown, primarily Dilworth one of the highest square foot prices in Charlotte, and highest of the above zip codes, the other home prices are remarkably stable considering the number of foreclosures.

So how did the popular Charlotte suburbs fare? Lets look at Huntersville, Matthews, Waxhaw and Fort Mill

The suburbs tell a different story, but still relatively stable over the quarter, with the exception of Waxhaw which is influenced by the large number of very expensive homes selling at a strong discount.

Home prices in the greater Charlotte area are stable or rising slowly- depending on your measure, and show only the slightest decline from a year ago, except some of the highest priced intown properties.

All in all, this, combined with the good economic news from the last 2 quarters, and I think we can confiecnbtly say we in Charlotte, along with most of the country, are on the rebound.

———————

Related Posts

Compare Home Prices and Inventory- Popular Suburbs

Waxhaw-Marvin Weddington Real Estate Market Report

Charlotte Home Prices Bottom in 2009

Questions on Charlotte real estate? Try my Charlotte Homes FAQ’s page.

Showing properties 1 - 3 of 500+. See more city of Charlotte real estate.
(all data current as of 9/6/2010)

1. $340,000 : 4623 Arborloft Ct, Charlotte
   
   4 beds, 3 full, 1 part baths

   MLS #: 972081

   Status: Active

   Year built: 1994

   Parking spots: 2

   Walk Score™: 62

   Listed with Allen Tate Company
   
2. $359,000 : 6921 Rea Croft Dr, Charlotte
   
   5 beds, 3 full, 1 part baths

   MLS #: 972083

   Status: Active

   Year built: 1999

   Parking spots: 2

   Walk Score™: 55

   Listed with Allen Tate Company
   
3. $117,000 : 7333 Rosehall Dr, Charlotte
   
   3 beds, 2 full baths

   MLS #: 972095

   Status: Active

   Year built: 1995

   Parking spots: 1

   Walk Score™: 42

   Listed with McGary & Associates
   

Listing information deemed reliable but not guaranteed. Read full disclaimer.