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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 4Q07          
           
Percentage Market Shares          
           
Corridor/Quintile I II III IV V TOTALS
           
  $165,000 $209,000 $265,000    
Price <$ 165,000 209,000 265,000 371,500 >$371,500  
           
NORTH 0.68 1.59 3.04 2.86 2.97 11.14
Mecklenburg 0.46 1.14 1.77 1.69 0.87 5.93
Iredell 0.11 0.33 0.89 0.72 1.34 3.40
Lincoln 0.10 0.12 0.38 0.45 0.76 1.81
           
NORTHEAST 2.74 3.87 3.30 3.67 1.84 15.42
Mecklenburg 1.69 2.44 1.66 0.90 0.16 6.86
Cabarrus 1.04 1.43 1.64 2.77 1.68 8.57
           
NORTHWEST 4.31 2.17 0.75 0.24 0.49 7.96
Mecklenburg 3.74 1.75 0.45 0.14 0.10 6.17
Gaston 0.58 0.42 0.30 0.10 0.38 1.79
           
SOUTH 0.70 2.14 3.02 5.03 8.75 19.63
Mecklenburg 0.32 0.41 0.87 1.69 2.94 6.23
Lancaster 0.29 1.64 1.79 1.93 1.55 7.19
Union 0.09 0.10 0.36 1.41 4.27 6.22
           
SOUTHEAST 2.87 3.16 3.61 2.80 1.89 14.33
Mecklenburg 2.11 1.45 0.92 0.68 0.72 5.87
Union 0.76 1.71 2.69 2.12 1.18 8.46
           
SOUTHWEST 3.63 4.44 4.38 3.87 2.73 19.06
Mecklenburg 1.56 1.95 1.90 1.05 0.75 7.21
Gaston 1.39 1.29 0.77 0.73 0.25 4.43
York 0.69 1.20 1.72 2.09 1.73 7.42
           
SUBTOTAL 14.93 17.37 18.10 18.47 18.67 87.55
Mecklenburg 9.88 9.14 7.57 6.15 5.53 38.27
Surrounding 5.05 8.24 10.53 12.32 13.14 49.28
           
REMAINDER 4.81 2.70 2.05 1.53 1.36 12.45
Mecklenburg 0.98 0.29 0.31 0.15 0.41 2.15
Cabarrus 1.05 0.56 0.19 0.07 0.06 1.93
Gaston 0.36 0.06 0.10 0.02 0.00 0.54
Iredell 0.60 0.42 0.34 0.47 0.13 1.96
Lancaster 0.07 0.04 0.10 0.04 0.01 0.26
Lincoln 0.24 0.06 0.03 0.07 0.03 0.43
Union 0.05 0.01 0.05 0.07 0.03 0.22
York 1.45 1.25 0.93 0.63 0.69 4.96
           
TOTAL 19.74 20.08 20.16 20.00 20.03 100.00
Mecklenburg 10.86 9.43 7.88 6.31 5.95 40.43
Cabarrus 2.09 1.99 1.83 2.84 1.75 10.50
Gaston 2.33 1.77 1.16 0.85 0.64 6.75
Iredell 0.72 0.74 1.24 1.20 1.47 5.36
Lancaster 0.37 1.68 1.89 1.97 1.55 7.45
Lincoln 0.34 0.18 0.41 0.52 0.78 2.24
Union 0.90 1.82 3.10 3.60 5.48 14.90
York 2.13 2.46 2.65 2.72 2.42 12.38
 

 

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