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I appreciate the wealth of information on your website about the Charlotte area. As a real estate analyst with projects nationwide, it is nice to see information for the area "as is", without spins and sugar-coating. Thanks again for all of your help, research, and knowledge. D.S. Denver, Colorado

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CHARLES G. GRAHAM, AIA, LAI, MIRM

Charlotte Real Estate Market Report
 
CHARLOTTE MARKET            
Cabarrus, Iredell, Mecklenburg, York, Union, Gaston, Lincoln, and Lancaster Counties            
Growth Corridors            
New Single Family Detached            
Twelve Months Ending 1Q08            
             
Percentage Market Shares            
             
Corridor/Quintile I II III IV V TOTALS
             
    $164,500 $209,000 $268,000    
Price <$ 164,500 209,000 268,000 375,000 >$375,000  
             
NORTH 0.66 1.60 3.04 2.64 3.05 11.00
Mecklenburg 0.48 1.14 1.86 1.54 1.00 6.02
Iredell 0.09 0.29 0.81 0.60 1.29 3.08
Lincoln 0.09 0.17 0.37 0.50 0.76 1.90
             
NORTHEAST 2.52 3.84 3.42 3.79 1.96 15.54
Mecklenburg 1.65 2.52 1.73 0.82 0.16 6.88
Cabarrus 0.87 1.32 1.69 2.98 1.80 8.66
             
NORTHWEST 4.32 2.00 0.73 0.25 0.45 7.76
Mecklenburg 3.72 1.54 0.42 0.11 0.09 5.88
Gaston 0.60 0.45 0.31 0.14 0.36 1.87
             
SOUTH 0.68 1.89 2.93 5.11 8.60 19.20
Mecklenburg 0.38 0.32 0.73 1.62 2.84 5.88
Lancaster 0.26 1.46 1.87 2.19 1.63 7.41
Union 0.04 0.11 0.33 1.29 4.13 5.90
             
SOUTHEAST 2.93 3.05 3.47 2.67 2.02 14.14
Mecklenburg 2.17 1.41 0.92 0.60 0.80 5.90
Union 0.77 1.64 2.54 2.07 1.22 8.24
             
SOUTHWEST 3.75 4.41 4.30 3.89 2.61 18.96
Mecklenburg 1.72 1.91 1.88 1.05 0.67 7.22
Gaston 1.32 1.29 0.71 0.74 0.23 4.29
York 0.71 1.22 1.71 2.10 1.71 7.45
             
SUBTOTAL 14.86 16.79 17.88 18.35 18.70 86.58
Mecklenburg 10.11 8.84 7.54 5.74 5.55 37.79
Surrounding 4.75 7.94 10.34 12.61 13.14 48.79
             
REMAINDER 5.11 3.07 2.25 1.56 1.44 13.42
Mecklenburg 1.16 0.40 0.35 0.15 0.42 2.48
Cabarrus 0.94 0.63 0.23 0.07 0.08 1.95
Gaston 0.51 0.09 0.12 0.03 0.00 0.76
Iredell 0.65 0.47 0.46 0.53 0.14 2.26
Lancaster 0.10 0.07 0.07 0.04 0.00 0.28
Lincoln 0.19 0.05 0.04 0.06 0.03 0.37
Union 0.04 0.01 0.04 0.06 0.01 0.18
York 1.50 1.34 0.93 0.61 0.75 5.14
             
TOTAL 19.97 19.86 20.13 19.91 20.13 100.00
Mecklenburg 11.27 9.24 7.89 5.89 5.97 40.27
Cabarrus 1.81 1.95 1.92 3.05 1.88 10.61
Gaston 2.44 1.83 1.14 0.91 0.60 6.92
Iredell 0.74 0.76 1.27 1.12 1.44 5.34
Lancaster 0.36 1.53 1.93 2.24 1.63 7.69
Lincoln 0.28 0.22 0.41 0.57 0.78 2.27
Union 0.85 1.76 2.92 3.43 5.36 14.32
York 2.21 2.56 2.64 2.71 2.47 12.58
             
 

 

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