Print
Email
Share

Charlotte home sales jumped 25 percent in April

Charlotte home sales jumped 25 percent in April

by MICHELLE BOUDIN / NewsChannel 36
E-mail Michelle: MBoudin@WCNC.com

Bio | Email | Follow: @MichelleBoudin

WCNC.com

Posted on May 11, 2010 at 4:37 PM

Updated Wednesday, May 12 at 11:19 AM

CHARLOTTE, N.C. -- Drive down any street in Charlotte and you're guaranteed to find a few "for sale" signs.

The proximity of the signs is a sign of the times, but experts say the times are changing.

"We are very pleased," said Mark Bardo, vice president of Allen Tate.

Charlotte's leading real estate agency is celebrating a 41 percent increase in home sales this April over last.

According to the Charlotte Regional Realtor Association, the entire Charlotte area saw a 25 percent increase and a 17 percent increase from March to April.

The average price of homes stayed around $200,000.

"I think the tax incentive played a good role for first-time buyers. When they added in the repeat buyer tax credit we saw a flurry of activity," Bardo said.

But that tax incentive ended April 30 and still, Allen Tate Realty has seen a 27 percent jump in sales in the first part of May.

"Simply people buying homes," Bardo said. "We are expecting to see a lot of relocation business continue."

Businesses regularly expand or relocate here, bringing in people who need a place to live. Within the last few months, Siemens announced 825 new jobs, Zenta announced 1,000 new jobs and Electrolux 738 new jobs.

And, Bardo says, once people come to Charlotte they don't seem to want to leave.

"Most of our sales are within the Charlotte region -- people moving and selling within the region. We expect that to continue to be strong," he said.

"I think it would be good to take a sigh of relief compared to where we've been, but remember that we've got some ways to go before we get to our 2006 heights," Bardo said. "But we are well beyond, I believe, the bottom of the market in 2008, 2009."

Print
Email
Share

Forgot Password?

Don't have an account?

Register Now

Member Benefits

Link your account to your Twitter or Facebook account for easier login!

Link your account to your Facebook profile Link your account to your Twitter profile

Check box to receive Free Special Offers

* - Indicates required field

Check box to receive Free Special Offers

Connecting to

You may need to allow pop up window for this step of registration

Just one more step:

Please take a moment to review the available e-mail newsletters has to offer. Place a checkbox next to the newsletters you wish to subscribe to.

Welcome.

Thank you for becoming a member of WCNC.com. You now have full access to the best local coverage and late breaking news from WCNC.com. Soon you will be redirected to the page you were seeking, and a confirmation email will be delivered to you.

You will need to respond to the confirmation e-mail for your account to be activated.

WCNC.com is dedicated to bringing you exceptional news and outstanding information services, all while personalizing it to your liking. We're sure you'll enjoy being a WCNC.com member! If you need assistance, please contact us.