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Old 03-16-2008, 08:24 AM
 
2 posts, read 4,131 times
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Hello,

Can anyone tell me what the housing market is like in the above towns? Are the prices dropping, staying the same, increasing?

Anyone know where I can get up-to-date stats on prices/activity for 2008 especially compared to 2007? I've tried local real estate companies and it's hard to get a straight answer...and just can't seem to find a website with this info.

Thanks for your help!!
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Old 03-16-2008, 06:26 PM
 
Location: Huntersville
1,521 posts, read 4,483,233 times
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Its on the rise. As they build on all the land the prices are going up.
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Old 03-16-2008, 06:33 PM
 
199 posts, read 483,336 times
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I think it depends on the $$$ market.
My wife and I have been watching houses in some of the areas sub 200k and I can say they are def. either staying the same or have lowered over the past 6 months. They are also a couple years old, new houses might be different. When I say decreasing, I mean maybe a couple thous. but def. not increasing.
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Old 03-16-2008, 07:14 PM
 
Location: Union County
5,787 posts, read 8,433,431 times
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It's not going anywhere soon... there's plenty of resale and new development available in all those areas. You won't get a straight answer from someone who is dependent on the housing market for a living - sorry, but it's true.

This mainly applies in the sub 800-900 price point. Stuff like prime lots on the lake are going to see appreciation. Big demand, limited availability. You can find 1-2m+ homes in these towns.

Where as sub 3a54d with convenient access to 77 is in very large supply - not even counting the resales in those areas. So you can play with the numbers "overall" - it really depends on how much you want to spend. Do you want to live on the lake?
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Old 03-16-2008, 07:48 PM
 
Location: Planet Earth
111 posts, read 306,667 times
Reputation: 74
Default Going down

We are heading into a deep recession, prices are definitely off. In today's Observer they said real estate was off 27% compared to last year. Big difference. We just sold our home in Fla., and are going to wait a while to purchase. The Fed will be cutting the rate soon, and if you have great credit you can no doubt get a phenomenal rate on a mortgage.
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Old 03-17-2008, 06:04 AM
 
Location: Huntersville
1,521 posts, read 4,483,233 times
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There has been plenty of development and resales here since the late 80's. Its not just because of the housing market but because this area is and has been a good place to live,work and relax. This is the entire Charlotte region not just up here by the lake. As a whole prices in the lake area are going up. We used to have a good amount of "new" homes around $200K now your lucky if you can get in under $250K.

My belief and its strictly my feelings if your in the market to buy now is a good time. This is is you are going to live there at least 4-5 years. Money is cheap and builders are giving away a ton of incentives. If you wait to long you may miss the bus
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Old 03-17-2008, 09:02 AM
 
Location: Charlotte, NC
7 posts, read 23,103 times
Reputation: 16
Quote:
Originally Posted by geogirl View Post
We are heading into a deep recession, prices are definitely off. In today's Observer they said real estate was off 27% compared to last year. Big difference. We just sold our home in Fla., and are going to wait a while to purchase. The Fed will be cutting the rate soon, and if you have great credit you can no doubt get a phenomenal rate on a mortgage.
Funny the Charlotte Observer claims doom and gloom when Bloomberg and Money Magazines point out Charlotte is one of only 3 markets in the U.S. that is gaining in price.
Lesson #1 for moving to Charlotte - Don't read the Observer
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