Charlotte NC|Real Estate Market Report, November, 2007
December 6th, 2007 Categories: Buy A Charlotte Home
Charlotte NC| November Home Prices are Up 1.75% over November 2006,
based on Sold Cost Per Square Foot, in the 7
county area I call “Greater” Charlotte. Units sold dropped nearly 23%. Ouch! That is caused by the fall off in folks moving here just because they could, not because they had to be here as today’s movers.
Prices over three month, September through November 2007, show Charlotte prices up 2.9%, and unit sales off about 20%.
This is a slowing after the Standard and Poor’s Case Shiller Report showing Charlotte topped the nation in appreciation through 3 quarters in 2007.
It is time for leadership from Washington and Raleigh, more than the very qualified and tepid announcement made today. It is time the people who were knowingly gorging themselves on the destruction of others, lenders, investors and parasites alike, to do the right thing on their own, or be held accountable. The nationwide “Big Freeze” in housing, building and credit is gaining traction even here. It is time to get the market moving, befoerit gets worse, and the country faces another million foreclosures!
A couple of other recent articles about the terrific Charlotte real estate market by Forbes.com and ABC News 
Smart money is moving, investing or buying 2nd homes in Charlotte; you deserve expert representation. Give me a call, a try out, and I’ll work every day to make you a raving fan. Terry McDonald
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Wow Terry- love the new look!
People seem to think they we are spinning the numbers when we tell them that the prices are still going up. Glad to see that Arlington, VA isn’t the only place that it’s happening. At least it’s happening at a reasonable rate than a few years ago.
Great post.
Terry, you mentioned that “unit sales off about 20%”; in Pensacola we are seeing a similar rate.
But if you compare dcurrent sales to pre-bubble volumes we are looking good.
I don’t think that 2002-2006 sales volumes were normal at all. I think this is part of the problem with the media. They are comparing the current market to the best real estate market EVER in the history of the world!
How does the current charlotte sales volume compare to 2001 sales volumes? This is a better comparison.
I view 2001 as the last “normal” market we had.
Thanks for the good news Terry. It’s nice to know Charlotte real estate has gained some value. In Pensacola, we’ve lost a little ground, but not too much. It’s great to have real estate experts in different areas to let us know local conditions in their areas.
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