Monday, July 6, 2009

July Local Market Update from Rich Ferretti

Charlotte's real estate market is still defying national trends. With over 1900 closing reported for the month of May and the number of active listings up by over a 1000 listings from April, the Charlotte area market is showing an upswing--and doing so despite the under-performance of similar-sizes US cities.

Charlotte has also become the 18th-largest city in the country during the year ending July 1, 2008, according to the U.S. Census Bureau. Our beautiful Queen City had 687,456 residents, up 2.7 percent from 669,205 the previous year. The growth is strong and steady, and Charlotte is now ranked the 23rd fastest-growing city in the United States.

Need help finding your dream home? Just tell me what you are looking for and I will search all of our sources and provide you with a convenient report of all the properties that you may be interested in, complete with photographs of the properties and detailed neighborhood information. Now IS the time to BUY!!

If you would like to know the current value of your home, your potential net proceeds, and the benefits of buying or selling now, please contact me. If you have any friends or family that could benefit from my assistance, definitely give me a call.

Below are the highlights of our area's monthly statistics.

April 6 - May 5, 2009
Contracts Reported 2269
Closings 1773 Avg.
Avg. Listing Price $228,550
Avg. Closing Price $201,352
Avg. Days for List to Close 150.6
Total Active Listings 28,275

May 6 - June 5, 2009
Contracts Reported 2360
Closings 1912 Avg.
Listing Price $223,470
Avg. Closing Price $199,243
Avg. Days for List to Close 144.5
Total Active Listings 28,657

If you would like a Market Analysis on your property to see how the value has changed, please let me know. You can also sign up for the Market Snapshot report on my website. The report will be emailed to you monthly to ensure you are knowledgeable about the activity in your neighborhood. Just go to and fill in your information within the Market Snapshot box on the right hand side of the page, then click the Next button. You can also search for any properties in the MLS from my website.

Whether you're buying a new home in Charlotte, investing in property or selling a house, feel free to contact me, and I will be happy to help you with all of your real estate needs.

Helping People Home for Over 20 Years!

Rich Ferretti
Realtor/Broker NC/SC
Charlotte, North Carolina
704-564-0807 Direct

Would you like more information about the Mint Hill, Matthews and Charlotte area real estate market?

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