Condo CanDo's Weekly Wrap by the Numbers

April 26, 2008

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC

Our Weekly Wrap by the Numbers

This has been a lovely spring…rain by showers and rain by thunderstorms and early morning fog and rain. We measure the rain by inches, last year and this year, the lowest and the highest, the longest and the shortest. We count.

And the other numbers we look at are where we are in the country. As real estate goes we are in the top markets and the only one with a small percentage of appreciation. And yes, the Charlotte market is off but still perking. One problem we have is folks coming from other parts of the country can’t sell what they have to buy here.

And what about those coming to Charlotte?The Mecklenburg Times, our Business and Court Newspaper have a great article about where Charlotte has been and where Charlotte is going according to snapshots from the Census.

Where we have been:
2000 CensusMecklenburg County Population 695,454
Charlotte Population 540,824
National Rank 26th
Metro-area Population: 1.33 Million
National rank: 37th
Rate of growth for metro area in the 90’s:29%
Where we are going:
Projections for 2010 from recent Census Bureau estimates:
Mecklenburg County Population: 940,614
Charlotte Population 668,900
National rank: Top 20
Metro-area population:1.79 million
National Rank: Top 33
Rate of growth for metro area in the 2000’s: 34%

Tony Crumbley, vice president of research for the Chamber of Commerce Economic Development Office thinks a lot of businesses move here for similar reasons, one of the biggest being their desire to build a workforce based on Charlotte’s pool of available labor. He thinks this market is growth-oriented, young and diverse. Further, he says Charlotte has the second highest migration (nationally) of young, educated people between 25 and 30 with a college degree. He adds, “I’d put us in the category of a flower about to bloom-we’ve seen nothing yet, but we’re just now budding and the growth potential here is phenomenal. We’ve just been discovered.”

And while that is the good news by the numbers, the downside is residents are frustrated about crime. For the first three months of 2008, violent crime rose 15.3 percent and property crime rose 11.9 percent compared with the same three months in 2007. And residents from neighborhoods across the city are coming together within Neighbors for a Safer Charlotte. For more information about the grassroots organization, go to http://www.neighborsforasafercharlotte.orgsafercharlotte.org/.

Thanks for joining us. This is

Lynnsy Logue The Real Estate Lady,Condo CanDo in Charlotte, NC