East Charlotte is Hottest of the Hot Charlotte Real Estate Market

East Charlotte Residential Homes Real EstateToday (12/2/2015) CNN Money published a list of the 10 Hottest Real Estate Markets for 2016 – and Charlotte is among them. They say:

Charlotte’s labor market is improving, and that’s good news for its housing market. The financial industry is sturdy and the professional and business service sector — which includes software and tech jobs — is growing, Smoke said.

“Charlotte is finally seeing all positions of its economy work together.”

According to data complied by the Charlotte Regional Realtors Association, in October 2015 the City of Charlotte had a tight supply of homes with just 2.4 months of inventory. From Oct ’14 to Oct ’15 the average sales price was up 10.9%.

East Charlotte Residential Real EstateA familiar group of factors are influencing Charlotte’s growth. The Queen City enjoys an attractive location in the fast-growing Southeast. It continues to offer new-comers a high quality of life and a low cost of business, an important selling point as life and business become more mobile. Census projections call for Mecklenburg County to double in population between 2010 and 2050
as North Carolina continues to rank among the top four states in the union for net in-migration. That leads to new investment and more jobs.