How Accurate is Zillow’s Zestimate for Homes in the Charlotte Area?

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The Zillow Zestimate has been a tool for homebuyers and sellers for years now to get an idea of what their home might be worth.  For real estate professionals, nothing has caused more heartache and distress than the Zillow Zestimate as it can sometimes lead to unreasonably high or low values which some buyers and [...]

Charlotte Area Home Prices and Sales Rebound in July

There has been very little to be positive about concerning real estate.  Well, that’s not entirely true.  There has been a lot to be positive about BUT that’s not what makes the headlines.  Hopefully, some good news on the Charlotte housing front will grace the headlines. Charlotte – Mecklenburg Sales of new and existing homes [...]

Charlotte Mecklenburg Home Sales Hit 2 Year High in December 2010

No, that headline isn't a mistake.  At the start of the recession and financial meltdown, only 695 condo, townhouses, and single family homes closed in Mecklenburg county in December 2008.   Last year, with the aid of the First Time Home Buyer Tax Credit (having been extended for the final time weeks prior), 821 homes [...]

Charlotte Mecklenburg Real Estate Market Update – October 2010

For single family and condo / townhouse sales in all of Mecklenburg county, including the city of Charlotte during the month of October 2010 Sales of single family and townhome / condo sales fell 42% in October 2010 from 1077 sales in 2009 to only 626 sales in 2010 (as recorded as of 11/8/2010).  Foreclosure [...]

3rd Quarter Home Prices Rise in Charlotte Mecklenburg

In the latest compilation of data from the CMLS, the 3rd Quarter of 2010 posted the second highest average home sale prices over a seven year period for Mecklenburg county.  Ending last month, sales from July 1 – September 30 had an average sales price of $242,104 – second only to 2007 when the average [...]

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