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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Lake Wylie - The Sanctuary. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 888-297-6100! Search all Lake Wylie homes at http://WWW.VIEWLAKEWYLIEHOMES.COM and watch for my Monday Madness blog posts about all the deals on Lake Wylie at http://www.TalkCharlotte.com.
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| Average Home Price | $300,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $200,000 - $249,000 |
| Worst Selling Price Range | $800,000 - $849,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Increasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Lake Wylie - The Sanctuary is | Increasing |
| Seller Activity for the past 90 days in Lake Wylie - The Sanctuary is? | Decreasing |
| Multiple Offers? | No |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 15-20% |
| Is Financing Available For Qualified Buyers? | Yes |
| Comments on Financing For Qualified Buyers | Terry Stutts 704-661-4885 W.R. Starkey Mortgage 10800 Sikes Place suite 110 Charlotte, NC 28277 tstutts@wrstarkey.com www.LoansWithTerry.com Office- 704.849.2125 Fax- 1.866.546.8949 Cell- 704-661-4885 |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | Great time to buy! We are at a historic low in pricing AND interest rates! |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Good economic news |
| Nearest Metro Area | Fort Mill, SC |
| Housing Hot Spots | Downtown Charlotte, Uptown Charlotte, Near the Panthers Stadium ,First Ward, Second Ward, Third Ward, Forth Ward, New Condo’s Uptown, NoDa, Plaza Midwood, Chantilly, Elizabeth, Eastover, Dilworth, Myers Park, Cherry, Foxcroft, South Park, Near the South Park Mall, Montibello, Kings Wood, Pellyn Wood, Pellyn Grove, Near Myers Park High School, Near Alexander Graham Middle School, Stonecrest, Stonecroft, Giverny, Piper Glen, Near the Big Pink Church, Near the Arboretum, Cotswald, Lansdowne,I nside Providence and 51, Matthews, Mint Hill, Pineville, Beverly Wood, Near Beverly woods elementary, Near ,Providence High School, Providence Plantation, Providence Downs, Near Weddington Schools, Hunter Oaks, Lake Wylie, Steel Creek, Palisades, The Sanctuary, The Vineyards, Berwyck, Candlewyck, Providence Springs, Carmel Country Club, Near Quail Hollow where Tiger Woods plays, Providence Country Club, Ballantyne Country Club, Quellin, Cameron Woods, Birkdale, Berkley, Ardrey, Carmel Road area, Inside 485, Outside 485 loop, Morrocroft, Phillips Place |
| Average Sold Price | $300,000 - View Graph Trend |
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Donna Forrest Johnston
RE/MAX Executive Realty
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