The Charlotte Area Real Estate Market
Apr 22nd, 2008 by Catherine Duncan
Well… the sun is shining brightly and the weather is starting to warm up. Spring fever has officially sprung! For most people it is a time for organizing their homes and planning their summer vacations but for me as a Realtor, it is the beginning of the busy season. And to that I say… “Bring it on, I am ready!” And with a new website to boot!
The Charlotte real estate market has been in a steady upward swing even during the typically slower months of the year. Despite what the headlines are constantly saying, we in Charlotte have an extremely strong housing market. Charlotte has seen an increase of 4.7% in the past year. The only other city to come close to that is Seattle. Charlotte’s “stable and steadily” housing market is driven by sustainable factors like job growth and economic expansion. We have quietly become one of America’s leading financial centers anchored by Bank of America and Wachovia.
Charlotte has began recieving national attention because it is such a magnet for jobs. Finance related employment in the area has increased by 69% in the past decade as the banks have helped attract thousands. Obviously, this has had a positive effect on area real estate. We have had no shortage of people moving from New York, Ohio, Michigan, and Florida. We have great deals to be made in this city and others are starting to find out just how desirable Charlotte is! Donald Trump has even considered building condos on Tryon Street!!!
