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Old 06-20-2014, 09:14 AM
 
2,833 posts, read 4,142,996 times
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Quote:
Originally Posted by LLN View Post
We sold our home in Charlotte area in 2007. Our neighbors begged us not to "low ball it, just to get out." Homes are now about $120K less than then. His is on the market, now.

If the market is cooling off further, God bless you folks!
You sold at about the top of the market LLN! It is likely going to take a very long time to get back to 2007-2008 prices unless you are in Myers Park, Eastover, Dilworth or Southpark (or very close to center city).

I have seen a slow down in sales recently.
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Old 06-21-2014, 05:47 AM
 
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Depends on the neighborhood and the house. My neighborhood has had a couple houses sell really quick but more have been taking awhile. I live in a fairly rural area and yet there are 2 new home neighborhoods (albeit 1 is pretty small) being built within a mile. I am a little nervous with the abundance of new homes being built (all over) that there is going to be a a lot of supply out there.
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Old 06-21-2014, 06:38 AM
 
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I've got rentals in two neighborhoods of Charlotte, decent areas but not trendy ones people talk about much on the forum. Pricing is getting better every year, but in neither of them would I say prices are back to the 2007 peak.

Location really matters. A decade ago I had a house on the east side near WT Harris and Albemarle. I thought the neighborhood was nothing special so I sold that one. Prices of neighboring homes now, indicate the area is still stuck in the early 2000s and maybe even late 1990s pricing-wise.
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Old 06-21-2014, 02:57 PM
 
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I live North of Charlotte in Cabarrus County close to the Meck line and the house we are renting is under contract less than two weeks after it was listed. Two showings.
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Old 06-21-2014, 10:13 PM
 
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As someone who just bought a house, I can tell you that my perception is that the market is heating up. At least in North Charlotte. My wife and I actually found 3 houses we liked and got outbid on the first 2. Other houses that we looked at got offers within a couple weeks of being listed. I can't speak to prices, but I'd guess we're getting close to 2007 levels.
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