Good News in Residential Real Estate

Let’s Share Some Good News in Residential Real Estate!

I follow a number of real estate gurus. I read the newspaper. I listen to the radio and watch television looking for real estate news. Depending on the source, the housing market is either recovering or really bad. From my perspective, some of it’s good and some of it’s bad. But, this week I want to share only the good news.

Carolina Regional Realtors reports that new sales contracts for February were up 14 per cent at 1,954 versus February 2009.  February was an increase of 6.6 per cent versus January.

The NC Association of Realtors reports that there were 1,397 homes closed in the Charlotte area in February. An increase of 4 per cent versus February 2009. This represents a 2 per cent increase over January.  Statewide home sales were flat from 1 year ago. Charlotte continues to lead the market.

Pat Riley, president of Allen Tate Realtors just sent an update to all the Tate agents that we are averaging 58 SALES A DAY so far in March with just a few days to go. That is a 60 per cent increase over the same month last year and a 27 per cent increase year to date. March has been hot!

Ballantyne is not missing the train. The Allen Tate Ballantyne Office is poised to sell 100 homes this month. That is the first time since last August we’ve topped the 100 mark.

What are people buying in the Ballantyne area? Everything!

Probably the hottest properties are in the lower price ranges due to the tax incentives for first time home buyers; these incentives expire in April. If you would qualify as a first time home buyer or know someone who could be, then you need to read this article.

We are also seeing some new activity in the higher end homes because sellers are getting realistic about the market and adjusting their prices.

What does April hold? Hopefully, more of the same. As sellers get adjusted to the world of reduced prices and buyers scurry to take advantage of the tax breaks, it sets the stage for a great month.

For my listings on my site, go here or the link below.

http://www.davidhuss.com/home.asp

It’s good to have some good news!

Would you like to get a monthly update on home values in your neighborhood? I gather up to the minute sales information as it is reported by the Charlotte Regional Realtor Association. It is easy to sign up. Go here now.

Advertisement