Lynnsy Logue The Real Estate Lady® and Condo CanDo® in Charlotte, NC
Charlotte, N.C. How are we doing?
We must be an anomaly...I see, hear, read more good than on a national level. Even our radio market sports good numbers, growing audiences. And, of course, it is Spring here, azaleas are Queen, Dogwoods reign, tulips and pansies paint the landscape. Building continues. Teardowns continue. Charlotte is growing, no doubt.
Four new condominium projects were announced this week: in Eastover, Cotswold, NoDa and Dilworth. Smaller projects than we are used to hearing about but definitely filling that neighborhood niche for attached housing.
We are learning more about Foreclosures, reading more about Short Sales, Credit Scores and innovative solutions for trying times. The one I like is a self-help, non-profit, designing a rent to own program for foreclosures.
In reviewing our first quarter just for Mecklenburg County 2007 and 2008, our numbers are down and at this moment, the solds are 71% of last year. The average price is very similar and days on the market less. It is important to remember in our market, many of the builders do not participate in MLS...so the numbers are by no means accurate. We will wait and see what real estate consultant, Chuck Graham has to report for a more accurate report.
Another exciting note is "Green". Green seems to be the coming attraction in building for both residential and commercial. I am curious about how "Green" will effect the towers on the rise and the immediate future of condominiums under construction. And while all that is green is not gold, how the builders will play the card.
All in all it was another great week in Charlotte. Taxes are done, the grass needs cutting again for we are really getting some delicious rain, thanks for joining us.
And if you have questions or comments or topics you would like discussed, be in touch, we'd love to hear from you.
Lynnsy Logue The Real Estate Lady® and Condo CanDo® in Charlotte, NC
No comments:
Post a Comment