Your Guide To Charlotte Real Estate
Nicole Leininger December 15, 2021
Nicole Leininger December 15, 2021
The Charlotte real estate market has been booming for awhile and now the surge has spread out to all areas of the metro market. This boom has led to a flocking of real estate investors as the market continues to prove both lucrative and competitive. Whether you are looking to build a strong portfolio of rental properties or you are looking for a premier piece of Charlotte real estate to call home – now has never been a better time to make that purchase.
To help you with your decision – here is your guide to Charlotte real estate.
Charlotte has been recognized as one of the fastest growing cities in the country and its population is expected to grow more than 45% by 2030. People are coming from all over the world to make Charlotte their new home.
Charlotte staple neighborhoods like South End, Plaza Midwood, NoDa (stands for North of Davidson St), Elizabeth, and Myers Park are under constant development as the Queen City prepares to welcome the influx of transplants to the New South. But it’s not just Charlotte proper neighborhoods that are booming – the entire metro is too! Some of the most popular and fastest growing Suburbs in the Charlotte real estate market include Belmont to the south, Huntersville to the west, and Concord to the north.
This influx of people into Charlotte has had a significant impact on the cost of living and to say that home prices have gone up is an understatement. Since January 2012, the average price for a home in Charlotte NC has increased by over $55,000!
But don’t let this scare you off. While prices may seem high – you have to remember that this is the prime of American real estate. Charlotte real estate has survived two major recessions in recent history and each time, real estate has come out on top.
And home price appreciation isn’t just happening in Charlotte proper – it’s happening all over! Some of the most popular surrounding areas have seen their home prices increase by anywhere from 4% to 12%.
With the increase in home prices comes an increased demand for rental properties. Charlotte has quickly become a renter’s market as people who are unable to afford to purchase a home are now turning to renting as their best option. Renting is also a popular option for those relocating to Charlotte as many newcomers don’t know the city or the greater metro well enough to decide on a more permanent place to live.
The current average rent for a one bedroom apartment in Charlotte is $987 and the average rent for a two bedroom is $1,270.
With all of this competition for the best Charlotte real estate, you need a realtor that understands how to play the game. With average days on market dropping significantly over the past several years, it’s become more and more important to have a realtor that knows how to market your home. If you are looking to buy or sell Charlotte real estate, you’re going to need a realtor who is prepared for the game. Nicole Leininger is that Charlotte real estate agent. Contact Nicole today for your competitive edge in finding or selling your slice of Charlotte real estate.
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Nicole prides herself on being prompt and efficient, keeping her customers informed during every step of the journey, and resolving problems quickly. Her customers often become her friends, and she treats everyone like family. Contact Nicole now!
