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Trulia: Charlotte One of the Best Places to Own Real Estate Since 2012

This article is a special contribution for On the Move Charlotte by Sam Brannan of Trulia

North Carolina’s real estate market is thriving after home prices hit rock bottom four years ago. If you’re considering a new location to settle down with high job wages and affordable home prices, Charlotte, North Carolina is worth considering. The city’s strong economy, beautiful neighborhoods, fun attractions, and good schools make Charlotte an ideal location to buy.

trulia charlotte 1

Recent market trends show that there are many affordable neighborhoods in Charlotte.  For instance, Stonehaven and Cotswold are ideal for families looking for reputable school districts. Looking for a bargain? The start of the new year is the best time in to buy in Charlotte. The median sales price for homes is now just $174,000 down from $190,000 in December.

There are a growing number of job opportunities and startups in North Carolina. The household income median for Charlotte is now up to $46,975 with a job growth rate of 9.97 percent since 2012. In addition, the job market has vastly improved as the unemployment rate has decreased by 43.75 percent.

 

Best Places to Own Since the Market Bottom 2012
# US Metro Owner Index % of Job Growth % of Change in Wages % of Change in Unemployment % of Change in Vacancy % of Change in Housing Values
1 San Jose, CA 92.8 12.59% 11.64% -45.73% -35.58% 44.38%
2 San Francisco, CA 97.2 14.43% 20.26% -46.97% -20.70% 42.81%
3 Denver, CO 90.8 11.49% 6.35% -44.77% 24.30% 29.69%
4 Seattle, WA 86.6 8.80% 9.90% -41.81% -19.15% 28.66%
5 Orange County, CA 82.2 7.77% 6.30% -41.32% -26.30% 28.19%
6 Oakland, CA 81.6 9.38% 4.59% -43.00% -35.39% 48.50%
7 Raleigh, NC 81.2 10.71% 6.72% -41.01% -21.03% 13.12%
8 West Palm Beach, FL 80.8 10.47% 5.60% -41.81% -15.13% 34.67%
9 Charlotte, NC 80.6 9.97% 6.78% -43.75% -15.16% 12.37%
10 Houston, TX 78.8 11.43% 8.88% -38.37% -17.40% 10.49%

 

If job opportunities weren’t enough, there’s also a lot to do in the Charlotte area for families. Discovery Place, one of the leading science centers in the country, is great place to geek out on engineering and technology! For the more outdoorsy folk, the UNCC Botanical Gardens and King’s Mountain are gorgeous places for sightseeing.

Charlotte isn’t the only city North Carolina that has seen a boost in its real estate market. Other North Carolina cities such as Raleigh and Greensboro also stand out as areas with great opportunities for owners since 2012.  If you bought a home in Charlotte since the prices bottomed in 2012, the economy has given you a return on investment.

 

Thanks to Trulia for the great stats and information on Charlotte’s overall real estate market. Are you ready to buy or sell a home? Give us a call!

 

 

Where Will Home Prices be in 5 Years?

That’s a big question, huh?

It’s hard enough to predict the value of a home even six months from now, much less several years. But quarterly, consulting firm Pulsenomics surveys over 100 researchers, professionals, and economists to get a handle on where the real estate market’s heading. And the good news is…the news is good!

The big data points are:

  • Cumulative home appreciation is expected to be 18.1% (!!!) by 2019
  • Home prices are up year-over-year in the Southeast by 6.12%
  • Even bear-ish minds speculate cumulative appreciation will be over 10% in the next five years

So, what does all this mean? It means smart investors are ready to buy homes NOW. Values aren’t going down any time soon and with inventory short and prices inching towards pre-bubble rates, the sooner buyers dig in, the better.

Take a look at this graph and think about what it means for your home search.

Pulsenomics graph 2015

 

Looking to buy? Now is the time. Hoping to sell? Talk to us about whether it’s smarter to take advantage of the current seller’s market or if your value could go even higher by holding for a while.

We’re ready to chat.

What’s New in Real Estate: April 2015

The real estate market in April 2015 is busy!

What does Keller Williams have to say about the real estate climate this month? This short video features quick stats and charts that give you a big-picture view of the buying and selling marketplace. What does this mean for you? Call us to find out!

We’re happy to talk to you about Charlotte real estate

This Month in Real Estate: March 2015

What’s going on in the real estate market this month?

The folks at Keller Williams have just released a video full of stats and facts about the national real estate market for March 2015. What does this mean for you? Call us to find out!

We can’t wait to talk Charlotte real estate with you.

Video: The Real Estate Market in January 2015

Play the video below to find out real estate trends and predictions for the January 2015 market.

What’s all this information mean for your home sale or purchase in Charlotte? Let’s talk! Call On the Move Charlotte today!

This Month in Real Estate: December 2014

A recap of the December 2014 real estate market from the Keller Williams team.

If you have questions about what these numbers mean for you and your home, call On the Move Charlotte today!
Real estate market december 2014
Click the photo to watch the video