Welcome To Sunny Yate's Charlotte North Carolina Real Estate Website!

Charlotte North Carolina Real Estate is Sunny Yate's specialty. I ensure the process of buying and selling Charlotte North Carolina Real Estate is straightforward and simple.

My site provides you with an easy and convenient way to search all active Charlotte North Carolina Real Estate listings .

The website is designed to facilitate quick and accurate retrieval of relevant listings for your particular property requirements,

I hope that you find using my site a pleasurable and rewarding experience....please feel free to contact me if you require any further assistance on all matters regarding Charlotte North Carolina real estate!

Good luck in your property search!

Charlotte North Carolina Real Estate News

2011 is a great year to buy properties in Charlotte. Interestes rates are still at historic lows and inventory is at a historic high. If you're considering buying there has never been a better time!

Mecklenburg County August 2009 There were a total 0f 952 sales of single family and condos in the month of August 2009. which represented a total of approximately $197 million dollars in sales.This represents an average sale price of $194k with West Mecklenburg county having the lowest average at 94k and South Mecklenburg county with the highest average at approximately $364k.

Downtown Charlotte reported a 21% drop in house sales in 2008 , down to 348 from 440. The median price of these houses rose from 0.7 % from $315,000 to $317,500. The price percentage of asking price remained in the 95-100% range. Charlotte North Carolina real estate still seems to be one of the stronger real estate areas in the country however the trend continues downward for this part of the country although not as accute as other areas.

Bank Of America ,one of Charlotte North Carolina's largest employers and instrumental in it's real estate business, has just announced a 2.39 billion dollar loss for the last quarter of 2008. They have requested a further $20 billion from the treasury to help with the acquisition of Merril Lynch which, according to BOA, has larger than anticipated losses.Bank of America’s last quarter loss was equivalent to 48 cents a share, which represents a a massive decline from the same time last year when it posted a profit of $215 million, or 5 cents a share, a year ago.

The final quarter of 2008 has seen an unprecendented decline in charlotte north carolina real estate business. The uncertain future of Wachovia bank and Bank Of Americas decision to lay off 35000 employees during the next 2 years has only added to the uncertainty surrounding the economy of North Carolina. This together with the world wide credit crunch will make for a very challenging time for the economy in 2009. The only area of growth is foreclosures and businesses associated in some way with distressed properties.

During winter 2008 charlotte north carolina real estate has undergone some interesting changes.

It has been, generally speaking, a buyers market which flies in the face of the country wide trend. The average time on the market for properties in charlotte north carolina real estate is between 60 and 90 days.

The housing supply in charlotte continues to be in limited supply which is , ofcourse, great news for those wishing to sell.

The average home price for charlotte north carolina real estate is $175,000 which is up by 5% from last year with most properties receiving multiple offers of between 95 and 100% of asking price.

The greatest activity within the charlotte north carolina real estate market has been for single family homes.

Overall charlotte north carolina real estate continues to buck the nationwide trend of poor sales and oversupply of housing suggesting that it's cautious expansion over the last few years rather than the explosive growth that has been experienced in other housing markets has given it a far more solid foundation for stability and future growth.

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