Charlotte, NC| Market Report for Uptown Charlotte Condos
January 8th, 2008 Categories: Buy A Charlotte Home, Uptown Charlotte
2006-2007 Market Report for Uptown Condos
Uptown Charlotte living remains affordable as the numbers for 2007 come in. The average cost of purchasing a condominium in Uptown Charlotte in 2007 was $331,146, they averaged 1,083 square feet, making the average cost per square foot $306. The cost/square feet was down from the 2006 average of $311. This small decline may be due to the number of new condominium complexes currently under construction in Uptown (14 at last count), the real estate situation across the country or some mix of the two. The five and ten year outlook for Uptown property? I still consider it very promising as Charlotte continues to grow, incomes are going up and Uptown remains a very viable place to call home. Don’t take my word for it, see what Forbes has to say about Charlotte’s real estate market here: Forbes/charlotte
Specific advanced market information is available to clients.
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divided into 45 galleries, divided by community, area and fun things to do, see them at: Uptown Dilworth, SouthPark, Ballantyne Country Club, High Gate and more. (Pictures are of the Imaginon children’s library on the left, and the light rail Lynx on right)
Concerned about the market? Here are couple of recent articles about the strong Charlotte real estate market by Forbes.com and ABC News
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Thanks for the Charlotte condo update. Always good to see what is going on with your real estate market.
Even with a slight decline per square foot, I would think sellers would be confident that they had made a solid investment in their condo.