Lake Wylie - The Palisades Real Estate Market Conditions & Reports, Lake Wylie - The Palisades Market Trends, North Carolina

Market Commentary Provided by The Carolina Mega Team
The water levels are very low due to the weather and lack of rain. Our Lake is about 6 ft low right now. This has caused some drop in pricing for waterfront sales.

Report Date

Fall 2009

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The Carolina Mega Team
RE/MAX Executive Realty
Charlotte, North Carolina
888-966-7355
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Nearest Metro Area

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

90-120 days

Market Trend

Increasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$550,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 10-15%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Lake Wylie - The Palisades is

Seller Activity for the past 90 days in Lake Wylie - The Palisades is

Is Financing Available For Qualified Buyers in Lake Wylie - The Palisades?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Waterfront property is HOT especially if it has a dock!

Reason to Buy/Sell

Population Growth

Average Sold Price

$550,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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