2009 March Archives
Google Trip Planner for Public Transit In Charlotte NC
March 30, 2009
CATS (the Charlotte Area Transit System) is now linked with Google Trip Planner, so it’s possible to get a route including public transit options in Charlotte NC. To view any available public transit options for a given starting point and destination in Charlotte NC and pull up a route with any public transit options, including directions to the nearest public transit routes and estimated time for the trip. To access the trip planner, you can either go to the CATS website (the... Read more →
Charlotte NC Neighborhoods - Olde Providence Real Estate Market in Charlotte NC 3.30.09
March 30, 2009
Real estate inventory levels in Charlotte NC’s Olde Providence neighborhood have been on the rise. As of March 30, 2009 Olde Providence real estate market conditions are weighted strongly in favor of buyers considering purchasing a home in Olde Providence. With 10 available Olde Providence homes for sale in Charlotte NC and zero Olde Providence real estate listings under contract, Charlotte NC’s Olde Providence real estate supply is far exceeding demand right now. ... Read more →
Another Note About Real Estate Inventory Levels and Absorption Rates…
March 27, 2009
A few days ago I’d posted about Real Estate Absorption Rates and Inventory Levels for Real Estate In Charlotte NC and just wanted to add an additional note. Lately it’s not uncommon to find a lack of any recent successful sales for a Charlotte NC neighborhood, particularly in prices ranges over $250,000. When that happens the absorption rate is zero, meaning the available Charlotte NC real estate for sale isn’t being absorbed or bought by current buyers. The recent... Read more →
Charlotte NC Neighborhoods - Beverly Woods Real Estate Market in Charlotte NC 3.26.09
March 26, 2009
We have the first signs of life in the Beverly Woods real estate market in Charlotte NC with 2 Beverly Woods real estate listings currently under contract. For the past three months I’ll admit the Beverly Woods real estate market reports have been pretty blah with nothing to report except the active and available Beverly Woods homes for sale. Under contract listings are an indicator of buyer activity and future closed real estate sales and the 2 under contract Beverly Woods homes... Read more →
First Time Buyer Tax Credit
March 25, 2009
For eligible home buyers who purchase a home before December 1, 2009 there’s an added benefit - up to an $8,000 tax credit. As with most things there are rules as to who qualifies for the tax credit including prior home ownership. First time buyer is defined as a buyer who has not owned a primary residence in the past 3 years. That requirement applies to spouses too. The home must be a primary residence meaning you’ll live in it as your principal dwelling - so it can’t... Read more →
Absorption Rates and Real Estate Inventory Levels in Charlotte NC
March 24, 2009
Absorption rates for real estate in Charlotte NC are a measure of recent real estate activity and can provide valuable insight when it comes to current and recent real estate market trends in Charlotte NC. The absorption rate for a Charlotte NC area or neighborhood is a measure of how much time it would take to clear all of the real estate inventory based on the recent rate of successful real estate sales. To fully gauge real estate market conditions in Charlotte NC, recent absorption... Read more →
Charlotte NC Neighborhoods - Landen Meadows Real Estate Market in Charlotte NC 3.21.09
March 21, 2009
As of March 21, 2009 there are 6 available real estate listings in Charlotte NC’s Landen Meadows neighborhood with list prices ranging from $188,000-$299,000. There are currently 6 Landen Meadows real estate listings under contract which is double the amount of under contract real estate listings from about a month ago. The increase in under contract Landen Meadows real estate listings is an indication of increased real estate market activity. Landen Meadows Real Estate Market... Read more →
If It Sounds Too Good To Be True….
March 20, 2009
When it comes to buying real estate in Charlotte NC, if it sounds too good to be true….it probably is. Buying a house in Charlotte NC for pennies on the dollar or snapping up a once in a lifetime deal without any risk just isn’t reality. The notion of scoring a fantastic house with little or no potential for pitfalls is certainly attractive but the reality is there are always, ALWAYS potential pitfalls and fine print that can really burn you if you’re so caught up in... Read more →
Cameron Wood Real Estate Market 3.19.09
March 19, 2009
As of March 19, 2009 there are 15 available real estate listings in Charlotte NC’s Cameron Wood neighborhood with list prices ranging from $209,900-$439,900. Two Cameron Wood real estate listings are under contract currently and both are in the $250,000-$299,999 price range. Cameron Wood Market Report 3.19.09 Price Range Active Listings Under Contract Listings # Sold Past 3 Months Inventory Levels Less than $200,000 0 0 1 0 $200,000-$249,999 4 0 2 6... Read more →
My Job Is Not To “Sell” You A House
March 18, 2009
When working with buyer clients looking for a home in Charlotte NC, my job is not to “sell” them a house. There is a difference between selling and advising. “Selling” (in my opinion) involves a focus on the house instead of the buyers. A primary focus on the attractive features, price, details of a Charlotte NC house for sale. “Advising” when it comes to buying real estate in Charlotte NC isn’t just about the details of any one home in... Read more →
