Charlotte IS STILL a Great Market!

I was looking at a fancy new Whirlpool washer the other night, telling my husband about all the fabulous things it does, when a sales lady walked over and greeted us. She continued to explain the features and show me colors and options, and then I thanked her for her time. When I started to walk away, she pulled out her business card and said "here take this, we work on commission". I took the card and said "I'm a Realtor, so I understand working by commission", and she got a sour face and replied "Ooh bad time right now...I can't wait to get out of here."

UGH!

Well, I couldn't just let her think this way so I smiled and said "No, it's not a 'bad time' right now...we're still growing and doing good....have you looked at us compared to the majority of the country?" "Ofcourse things seem a little slower right now, but it's a mixture of the time of year, all the media trying to scare people out of buying houses, and the people who are waiting for interest rates to go down (who can complain about those 5%-6% rates that are everywhere??)"


So this morning I came in and spent some time gathering data(January 2005-January 2008) from our MLS and put it into perspective. It's below for all of you who have a little doubt about our market...hopefully it will help us here in the Charlotte area understand that we ARE fine and we WILL BE fine. We also just added a chart to our homepage at http://www.nc-living.com/ showing that the Charlotte area is ranked #5 by the NAR...go check it out!



Carolina Multiple Listing Service (includes Charlotte and it's surrounding cities)

01/01/2005 - 01/01/2006
Avg Sales Price: $217,678

01/01/2006 - 01/01/2007
Avg Sales Price: $229,084 (+5.24%)

01/01/2007 - 01/01/2008
Avg Sales Price: $240,057 (+4.79%)

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Charlotte

01/01/2005 - 01/01/2006
Avg Sales Price: $219,003

01/01/2006 - 01/01/2007
Avg Sales Price: $229,579 (+4.83%)

01/01/2007 - 01/01/2008
Avg Sales Price: $244,209 (+6.37%)

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Concord

01/01/2005 - 01/01/2006
Avg Sales Price: $162,058

01/01/2006 - 01/01/2007
Avg Sales Price: $175,219 (8.12%)

01/01/2007 - 01/01/2008
Avg Sales Price: $188,716 (7.70%)

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Matthews

01/01/2005 - 01/01/2006
Avg Sales Price: $270,730

01/01/2006 - 01/01/2007
Avg Sales Price: $282,781 (+4.45%)

01/01/2007 - 01/01/2008
Avg Sales Price: $295,318 (+4.43%)

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Cornelius

01/01/2005 - 01/01/2006
Avg Sales Price: $365,433

01/01/2006 - 01/01/2007
Avg Sales Price: $400,813 (+9.68%)

01/01/2007 - 01/01/2008
Avg Sales Price: $426,691 (+6.46%)

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Rock Hill

01/01/2005 - 01/01/2006
Avg Sales Price: $170,601

01/01/2006 - 01/01/2007
Avg Sales Price: $178,968 (+4।90%)

01/01/2007 - 01/01/2008
Avg Sales Price: $191,019 (+6.89%)

*the above information is deemed reliable, but not guaranteed. Derived from the Carolina Multiple Listing Service Jan 11, 2006