Steele Creek Real Estate Market Report - Mecklenburg, North Carolina
Steele Creek, North Carolina - Mecklenburg
| Market Commentary Provided by Top Agent If you can qualify, now is an exceptional time to buy a home in Steele Creek and the close Hotspots such as Fort Mill and Lake Wylie, SC. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 704-953-7208 |
| Report Date | Fall 2009 |
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| Nearest Metro Area | Charlotte | ||||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||||
| Average Time on Market | 90-120 days | ||||
| Market Trend | Increasing | ||||
| Housing Inventory | Very tight market | ||||
| Average Home Price | $175,000 - View Graph Trend | ||||
| Best Selling Price Range | $200,000 - $249,000 | ||||
| Worst Selling Price Range | $500,000 - $549,000 | ||||
| Compared to Last Year | Down 0-5% | ||||
| Prices As % of Asking Price | 95-100% | ||||
| Multiple Offers? | Yes | ||||
| Multiple Offers Commentary | Multiple offers are coming in on foreclosures and short sales. | ||||
| Greatest Activity | First Time Buyers | ||||
| Buyer Activity for the past 90 days in Steele Creek is | Increasing | ||||
| Seller Activity for the past 90 days in Steele Creek is | Increasing | ||||
| Is Financing Available For Qualified Buyers in Steele Creek? | Yes | ||||
| Existing Home Prices for the past 90 days are | No Change | ||||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||||
| Housing Hot Spots | Fort Mill and Lake Wylie, SC are housing hotspots near Steele Creek due to school popularity and much lower real estate taxes. | ||||
| Reason to Buy/Sell | Good economic news | ||||
| Average Sold Price | $175,000 - 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. Click here for full article... |
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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