Some current trends in the Charlotte region’s housing market may add an interesting twist or a challenging dimension to your search. First, while prices are still reasonable here compared to some other parts of the country, housing in this area isn’t the bargain it once was. Thus, depending on your circumstances, finding a home in your price range may mean you’ll have to look a bit longer, come up with some more cash or expand your search to less-costly neighborhoods that are a little farther away from the office.
At the same time, you’ll find some options here that you wouldn’t have enjoyed a few years ago. Case in point: condos and lofts in various locations throughout Uptown and other urban neighborhoods in Charlotte. Neo-traditional communities, whose homes and layout reflect the old-fashioned neighborhoods many of us grew up with, also have become extremely popular.
If you like condos or townhomes, you’ve come to a good place. The condo market has boomed in the past decade, with sales nearly doubling in the five-county Charlotte region. In addition, building permits for condos and townhomes have increased several hundred percent over the last five years.With demand, though, comes a higher price. You’ll pay more for a condo in Charlotte’s hottest neighborhoods, although you may still find some bargains in new construction and former apartments that were converted to condos years ago.*
Data gathered from http://joansellsthecarolinas.com
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