The Charlotte Real Estate Market Report with Focus on Inventory and Pending Home Sales
The good news for the Charlotte Real Estate Recovery Train for sellers is also an ‘alert’ to prospective buyers that NOW is the time to buy! Buyers have been perched upon the wait-and-see fence, some for nearly three years, thinking that the market still had a ways to go as it spiraled downward. Mortgage interest rates also continued to fall during the recession and with both numbers (housing prices and mortgage rates) at their rock bottom, the recovery train began.
As we near the end of 2011, Q3, we’re seeing a fairly steady rise in Charlotte North Carolina real estate sales. Interest rates remain low but, why not consider a purchase before both interest rates and housing prices simultaneously rise? As you can see in the first two graphs below, the pending sales for the last 3-month period shows a 20% increase over last year, same period.
Charlotte NC Pending Home Sales
Charlotte North Carolina real estate inventory has also shown a significant decline over the past year. From a high of 27,784 in July 2010 to a low this past month, August 2011 of 21,319, the Charlotte real estate market has shown a 24% reduction in inventory. Again, NOW is a great time to buy!
Charlotte NC Inventory of Homes
Read more: http://www.icharlotterealestate.com/charlotte-real-estate-market-report-09062011/#ixzz1XEptW1DA
(THE best Charlotte home search available - no kidding!)
Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310
One of the hardest hit condo complexes in one of 
Historic Fourth Ward, comprised of the the northwest quadrant of Charlotte's Uptown area which was resurrected in the mid-1800s, was one of the more prosperous areas of town, providing homes to local merchants, physicians and ministers. The First Methodist, First Presbyterian, and St. Peters Episcopal Churches are all part of the Historic Fourth Ward and by the 1900's, became nearly desolate as many residents moved to the 'suburbs' of 
South Charlotte is home to the beautiful Summerlake community and is located approximately 7 miles south of Uptown Charlotte. This lovely neighborhood is also located a short drive from Quail Hollow Country Club, Carmel Country Club, and Cedarwood Golf Club. In Summerlake's backyard is Olde Providence Racquet Club so, if you're into tennis, this neighborhood is incredibly convenient!
One of South Charlotte's most elegant communities, lies just off of Olde Providence Road, within minutes of Charlotte Douglas Airport and the Uptown area. Chambéry is a lovely neighborhood with small lot sizes and large, gorgeous European style homes. The homes in Chambéry feature tumbled brick, stone, hard coat stucco, cedar beams and columns with gas entry lights and carriage-style garage doors. Impressive architectural details with no two similar looking homes in the community. A few lots remain and 6 homes are actively being marketed in this 42-home community.
