Southeast Charlotte Real Estate Market Trends – North Carolina

News for Southeast Charlotte, NC - June 15th, 2011 1:54pm
Future is Bright for Charlotte, NC Area

May 23rd, 2011 categories: Market Trends

The Charlotte Observer recently reported on a U.S. Census Bureau study showing that the Charlotte area's population surged in the past decade, up 32% from the 2000 census to reach 919,600 in 2010 for Mecklenburg County.

According to the Observer article, the growth was fueled by transplants looking for better jobs, cheaper homes and warmer weather. This kind of trending is good for business, showing companies that people are moving here and it's a desirable place to live. A UNC professor in the article is quoted as saying: "Urban areas such as Charlotte, which attracted legions of finance workers in recent years, have led that growth, while suburbs with the best amenities — lakes, the coast or the mountains — have also seen big spikes."

Although there was a slowdown in the growth trend towards the end of the decade, that is also reversing itself "as the local economy begins to recover and news such as Charlotte's Democratic National Convention win highlights the city's attributes." Attributes include a strengthening business climate, a strong arts community, rich historical value, well planned communities, unique recreational opportunities including the U.S. National Whitewater Center, and the convenience of the light-rail line.

(Read more: People Still Flocking to Charlotte)

In addition to the news about this population growth trend in the Charlotte area, we've also posted that Charlotte Ranked First In Home Price Growth for the first quarter of 2011 according to the National Association of REALTORs. With the population expanding and the Charlotte real estate market picking up, the future is indeed looking bright for Charlotte!

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Find Charlotte NC Reduced Price Properties (Latest MLS Listings... [ + Read Full Article ]

News for Southeast Charlotte, NC - July 29th, 2010 5:23pm
Charlotte 's tremendous growth rate is reflected in the housing market, which has remained hot for years, no matter the swing in interest rates. The city offers an array of homes, both existing and new construction, giving people a selection large enough to accommodate anyone's taste. And you'll find just about any style you want: cozy bungalows or two-story Georgians, modest ranch houses or custom-built mansions, ginger-breaded Victorians or contemporary condos.
The same variety abounds in lifestyle. Choose from Uptown living or suburban locations, comfortable old towns or new-home communities, urban homesteading or prime Piedmont countryside.
Some current trends in the Charlotte region's housing market may add an interesting twist or a challenging dimension to your search. First, while prices are still reasonable here compared to some other parts of the country, housing in this area isn't the bargain it once was. Thus, depending on your circumstances, finding a home in your price range may mean you'll have to look a bit longer, come up with some more cash or expand your search to less-costly neighborhoods that are a little farther away from the office.
At the same time, you'll find some options here that you wouldn't have enjoyed a few years ago. Case in point: condos and lofts in various locations throughout Uptown Charlotte and other urban neighborhoods in Charlotte . Neo-traditional communities, whose homes and layout reflect the old-fashioned neighborhoods many of us grew up with, also have become extremely popular.
If you like Charlotte condos or town homes, you've come to a good place. The condo market has boomed in the past decade, with sales nearly doubling in the five-county Charlotte region. In addition, building permits for condos and t Charlotte own homes have increased several hundred percent over the last five years.
With demand, though, comes a higher price. You'll pay more for a condo in Charlotte 's hottest neighborhoods, although you can find a lot of Charlotte foreclosure bargains in new construction and former apartments that were converted to condos years ago.
One way to start your search is with the area map you can find on my website www.TalkCharlotteRealEstate.com and, which covers seven counties including Mecklenburg, Union, and York. The map, which pinpoints neighborhoods and developments in the Charlotte region, is used to organize home listings in the MLS directory and newspaper classified ads. The center of the map is Uptown, which is still primarily commercial and industrial but has a rapidly growing list of residential options. Look for Uptown listings in Area 99. You can get that map and search on my website at www.TalkCharlotteRealEstate.com.
Nine areas branch out from the center in a clockwise fashion, starting at the top, or the north. Area 1 is north, Area 2 is northeast, Area 3 is east, Area 4 is southeast, Area 5 is south, Area 6 is south-southwest, Area 7 is southwest, Area 8 is west and Area 9 is northwest.
Because the metro region has sprawled across county lines, the area designations extend there too. They include Area 10, Union County; Area 11, Cabarrus County; Area 12, Iredell County; Area 13, Lake Norman; Area 14, Lincoln County; Area 15, Lake Wylie; Area 16, Gaston County; Area 17, York County; Area 20, Alexander County; Area 21 Rowan County; Area 22, Cleveland County; Area 23, Stanly County; Area 24, Lancaster County; Area 25, Anson County; Area 29, Cabarrus County; and Area 35, Chester County.
Once you're ready to buy, choose from the wide selection of mortgage options. The area is served by dozens of firms, including mortgage brokers who represent lenders nationwide as well as local lenders. You can find plenty of options for 30-year and 15-year fixed mortgages, ARMs (adjustable rate mortgages) with a variety of terms and jumbo loans.
To help you negotiate the mortgage challenge, here are two tips. First, before you shop, qualify for a loan to know how much financing you can seek. Second, take a few minutes to make sure your paperwork is in order. Check your credit reports and clear up any nasty surprises you might uncover. Organize your financial papers so you'll have the documentation you need at your fingertips to complete the application process quickly.
For more information on what the Charlotte area has to offer, Give the RE/MAX Talk Charlotte Team a call 888-297-6100. You'll find these agents know the area well and can guide you in the right direction.
... [ + Read Full Article ]

News for Southeast Charlotte, NC - Sunday May 9th, 2010 12:40pm
South Park or South Park?


South_Park_Donna I was half asleep the other night but I heard that the South Park cartoon was turning 20. I can't believe it has been around that long. I will have to say I still don't like it and feel a bit insulted when I tell people I live in South Park and they laugh. The South Park I live in has been around a lot longer and is MUCH classier. I promise. I love it because it is 10-20 minutes from just about anything. It has the best shopping and restaurants Charlotte has to offer. Oh, and may I add that this sign is missing Neiman Marcus?

south park sign

The area of South Park Charlotte North Carolina was established in the 1950's originally as a residential suburb of central Charlotte. This region was once part of a 3,000 acre farm owned by a former North Carolina Governor. Morrocroft Mansion, which was the main house on the farm, is one of the areas most stunning registered historic places with a 14,000 square foot home in the Tudor Revival Style. Ownership of the mansion changed hands in the 1980's but is still used as a private residence today. Real estate in South Park Charlotte NC benefits from the area's bustling economic and retail activity. South Park Charlotte NC boasts the second largest business district in the state and one of the most popular malls around. This makes South Park exceptionally desirable for home buyers not to mention the high-end housing available in this area. The South Park District is host to the Charlotte's Symphony's Summer Pops concerts. These free concerts at the local amphitheater bring the community together for a fun evening of enjoyment. There are many recreational sites including the Harris YMCA, the greenways at McMullen, Lower McAlpine Creek and the county parks such as Park Road Park. There are alsoSouth park sign many Families who appreciate the excellent school system public or students may choose to enter one of the several private schools. In addition, there are several universities, public and private in the area as well as a community college. As you can see, there are many opportunities, conveniences, and advantages to choosing South Park Charlotte NC real estate. This is the area where it's residents refuse to settle for mediocre and enjoy the exciting lifestyle of life in South Park Charlotte NC.

What I really love about South Park is there is always something going on especially in the Summer. Every Sunday, you have to put your picnic blankets out early for theCharlotte Summer Pops at SouthPark FREE summer of pops concert brought to you by the Charlotte Symphony. Then there is the Great Grapes festival, the Latin America festival, Beer Bourbon and BBQ, The new Snow Park, Crate and Barrel, Wine Tastings on Wednesdays in the court yard, Cheese Cake Factory, oh my I could really go on. I just really love living in South Park.

So, South Park or "South Park?" When you come to Charlotte, ask us to show you South Park, or you may want to spend a day discovering all the fun you can have there... [ + Read Full Article ]