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monsoon

Charlotte Real Estate Prices

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This is a representation of real estate prices for the last 100 or so years in the United States. Note what has happened in the last few years relative to the rest. So how much does this apply to Charlotte? Should a real estate "investor" be worried in Charlotte, especially if they are holding recently acquired property in high profile neighborhoods?

[googlevid]-2757699799528285056[/googlevid]

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This is a representation of real estate prices for the last 100 or so years in the United States. Note what has happened in the last few years relative to the rest. So how much does this apply to Charlotte? Should a real estate "investor" be worried in Charlotte, especially if they are holding recently acquired property in high profile neighborhoods?

[googlevid]-2757699799528285056[/googlevid]

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Looking at the latest MLS data from Feb 2007 it shows that the avg home price in the market has increased 10% over Feb 2006 to $219,515. The number of homes sold during Feb 2007 in the Charlotte Area MLS was 2,878 a 5% increase over Feb 2006. So more homes are being sold at higher prices.

The Charlotte real estate market remains healthy, its a market that long term investors have done well in.

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