Home Buying in Charlotte>Question Details

Laurie Manny,  in Long Beach, CA

What is the average price of a nice starter home in Charlotte NC?

Asked by Laurie Manny, Long Beach, CA Sat May 19, 2007

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Our average price overall is $232,000 currently. You can find a great home without sacrificing quality or safety for as little as $150,000 (and some deals are less expensive than that). That's for single family-if you're interested in townhomes and condos, you'll find even more affordable options.
2 votes Thank Flag Link Sun May 20, 2007
The average residential closing price from Carolina multiple listing data for Sept. to Oct. was just over $236,000. This figures includes all residential property and reflects an increase from the same period last year of 9.3 percent. This mls includes a huge metropolitan area. The phenomenal growth Charlotte has experienced of the last several years has pushed the majority of new subdivisions out from the uptown area into adjacent counties. If you are looking for a home 30 minutes or less from uptown, you will find wonderful older neighborhoods. Many of these homes are full brick ranch homes at that same price point. These neighborhoods have wonderful mature landscape including beautiful hardwood trees. I have a daughter in Los Angeles. A home for $250,000 there is impossible to find. Most homes there sell for about $500 to $600 per square foot while the cost here will range from $150 per square foot to about $300 per square foot in the more expensive neighborhoods.
Web Reference: http://www.summershomes.com
0 votes Thank Flag Link Thu Nov 15, 2007
As is the case for most metropolitan areas, Charlotte has many sub-markets. Our primary market is Southeast Charlotte (from 4 to 6 if you put a clock on Charlotte). It is hard to find a home in this area for under $200,000. Starter homes will be priced in the $250s and those will be further out. It is a seller's market for anything under $350-400K. Before you buy a home in Charlotte, make sure you understand the market forces for that section of town.
0 votes Thank Flag Link Mon May 21, 2007
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