The real estate market in Charlotte consists of 199 neighborhoods that have more than 2000 homes for sale. While this may seem like a lot of homes at first you need to factor in that Charlotte has only around 230,000 homes and condominiums. This means that there are only about one percent of the homes for sale. This shows that the Charlotte area is doing well in economic terms.
If you’re looking for a good deal on a home you may have some luck as there are around 1200 homes that are in foreclosure. Also many of the homes that are in foreclosure are being sold for less than their actual market value. Any buyer that is in search of a deal should look at homes that are in foreclosure.
The average home in Charlotte is around $150,000 in 2008. This means that you have a lot of choices when it comes to where you want to live. There are many places that you can choose from however there are a specific few that many people tend to take a look at.
The Lake Norman area is one of the neighborhoods that allow for the feel of a small town. There are a few communities that are around the Lake Norman area that many people include when talking about the area including Davidson and Huntersville. The prices range from inexpensive to expensive but have a lot to offer you.
Another extravagant area is the New South Charlotte neighborhood. It’s more expensive than the rest of the areas and it’s very upscale. Many people in the neighborhood tend to drive upscale cars and attend the country club. Homes are more expensive than the average home as well.
If you’re into history then you may want to check out Waxhaw as it’s a historic district. It gives home owners a chance at a suburban setting but also allows for easy access to the city and it has some of the best antique shops in the entire state.
There are many other areas that buyers tend to investigate such as the Weddington, Uptown, and Old Charlotte neighborhoods. Some of the areas, such as the Uptown neighborhood, attract buyers due to the old Victorian homes. With so many places to choose from buyers should aim to find a home that meets their price range or that is being foreclosed on. The prices range for each area respectably however buyers should be able to find deals on foreclosed homes in almost every area of Charlotte.