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Old 01-27-2008, 07:45 AM
 
1,054 posts, read 3,035,528 times
Reputation: 173

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So are they dropping in Charlotte?
I have heard a lot of people saying Charlotte was still steady, not dropping.
But now I am looking at the same homes I was looking at 1-2 months ago, and the prices have been reduced.
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Old 01-27-2008, 08:02 AM
 
Location: Tampa Bay Area Florida
7,937 posts, read 18,973,343 times
Reputation: 2007
it depends on where you live..in our development the prices are hangin in there..and still selling..obviously not as quickly as 6 months ago, however there is a home where we live that went up for 2 weeks ago for 615k went up and went under contract in 6 days....
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Old 01-27-2008, 01:00 PM
 
Location: Huntersville
1,852 posts, read 4,889,680 times
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I think since summer they are about 2-5% less, but much better than the rest of the country. Then you also have to look at areas, Concord will probably drop, because of the changes, where south Charlotte will probably increase.
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Old 01-27-2008, 01:12 PM
 
Location: Wouldn't you like to know?
9,115 posts, read 16,547,188 times
Reputation: 3713
In MOST areas (not all) in Charlotte metro, prices are and have been falling due to excess inventory and transplants not being able to sell their homes in their native areas. There still are pockets that are holding their own, but the overwhelming majority of areas (as you've all seen) have had price reductions and homes just don't move.


Also, #'s don't tell the whole story. Incentives are not calculated w/numbers so the falloff most times is even greater than whats reported.

Bottom line, Charlotte was late to the party but it will be here for a while....

If you are buyer w/o any contingencies and are approved, you are like GOLD to builders and homeowners who want to sell here.
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