Comments on: Charlotte Real Estate Updates- August 4 2008 http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/ An insiders look at Charlotte Communities, Charlotte Relocation, Charlotte Homes for Sale, Charlotte NC Real Estate and all things Charlotte Tue, 6 Jan 2009 12:57:24 +0000 http://wordpress.org/?v=2.3 By: Terry http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/#comment-1523 Terry Mon, 04 Aug 2008 18:20:29 +0000 http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/#comment-1523 I revised the headlines removing Lake Norman because the numbers there are far below the Charlotte averages. Apologies to all. I revised the headlines removing Lake Norman because the numbers there are far below the Charlotte averages. Apologies to all.

]]> By: Terry http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/#comment-1522 Terry Mon, 04 Aug 2008 18:04:30 +0000 http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/#comment-1522 Averages can hide alot, and Charlotte is in fact made up of many markets, and the over $1M market-category is suffering disproportionately throughout Charlotte. From your description, without research, my hunch would be that there are too many similar properties currently available... and about 94% of the sales in the MLS are under $1M if that gives you an idea. I don't know if you've read any of my other posts, but I will repeat something I've said for the last 6 months: If you don't HAVE To Sell, then take the home off the market, reduce the inventory and give a better chance to those that HAVE to sell. This is not a year to move casually (as we have for so many years) at any price point. tm Averages can hide alot, and Charlotte is in fact made up of many markets, and the over $1M market-category is suffering disproportionately throughout Charlotte. From your description, without research, my hunch would be that there are too many similar properties currently available… and about 94% of the sales in the MLS are under $1M if that gives you an idea.

I don’t know if you’ve read any of my other posts, but I will repeat something I’ve said for the last 6 months: If you don’t HAVE To Sell, then take the home off the market, reduce the inventory and give a better chance to those that HAVE to sell.

This is not a year to move casually (as we have for so many years) at any price point.

tm

]]> By: Mel http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/#comment-1521 Mel Mon, 04 Aug 2008 16:46:33 +0000 http://www.charlottecommunitiesonline.com/2008/08/04/charlotte-real-estate-updates-august-4-2008/#comment-1521 I have found the market in lake norman to be terrible. My home is listed and shows like a castle. My price is very competitive. Listed for 3 months. The only offer I got was a REAL SUPER LOWBALL offer. Buyers want sellers to GIVE the home away. Not much activity here in The Peninsula subdivision. My home is listed over the 1 million range. I've already told my husband that it won't sell for the next 2 years..... I have found the market in lake norman to be terrible. My home is listed and shows like a castle. My price is very competitive. Listed for 3 months. The only offer I got was a REAL SUPER LOWBALL offer. Buyers want sellers to GIVE the home away. Not much activity here in The Peninsula subdivision. My home is listed over the 1 million range. I’ve already told my husband that it won’t sell for the next 2 years…..

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