The largest city in North Carolina, is located in Mecklenburg County. The city and county are both named in honor of Charlotte of Mecklenburg, a German Princess who had become queen consort of King George III the year before the city was founded. The city has since been nicknamed The Queen City.
In 2009, Charlotte had an estimated population of 716,874 which makes it the 19th largest city in the United States. With a recent 12% job growth statistic, the median family income is approximately $71,506. In 2008, the average home price was $150,000. Due to these factors, Relocate-America chose this beautiful city as the "Best Place To Live in America" in 2008. CNN Money ranked it at #8 on their list of "100 Best Places to Live and Launch," based on the town's lifestyle and new business opportunities.
The areas real estate is made up of 199 neighborhoods which span from the city center to Ballantyne, a 2000 acre community in south Charlotte. The community of Ballantyne is considered to be one of the most popular for family living. Due to its location, high academic standards and performance in and from the schools, it is a much sought-after area in the local Real Estate market.
Within these 199 neighborhoods, that make up this city, there are currently over 2000 Charlotte homes for sale. This includes homes for sale by the owner, real estate managed homes for sale, and foreclosed homes for sale. There are approximately 1180 homes that are currently in foreclosure status. Most of these homes are being sold for thousands under what the current estimated real estate market value is.
With an estimated 230,000 new homes in Charlotte (including condominiums) it appears that only 1% of those homes are for sale. This says a great deal for their economy. When so many other states are being hit hard by the current recession, this city is booming. Taking advantage of the opportunities now being offered for home buying, and with the mortgage interest rates being so low, anyone considering a move for improvement of lifestyle for the family should be looking at the opportunities in this community.
From its beautiful lakes, to its thriving metropolitan area, the Charlotte North Carolina Real Estate market has something to offer everyone who may be considering taking up residency in the Queens City. Whether relocating from another city or state, or in need of a larger or smaller house in Charlotte, there are over 70 Real Estate Brokerages available to assist you in finding a new home in the area that is right for you.
Article contributed by Ken Lutz. Ken is an experienced REALTOR® based in Charlotte, North Carolina. Thinking of purchasing a home in the Charlotte, NC Real Estate market? Ken Lutz is a professional with all the answers you need!
