May 2nd, 2017
Forbes Names Charlotte Among Top Cities to Invest in Housing in 2017
It is no secret to its residents that Charlotte has grown significantly in the recent years. Because of this, we have seen a similar improvement in the area’s economy and real estate market.
Whether you are buying, selling or renting, real estate transactions are a major investment. And when you are making these important real estate decisions, it is smart to know that you are investing in an area that is projected to see growth and development.
Charlotte was recently named one of Forbes’ Top Cities to Invest in Housing in 2017. Forbes teamed up with Local Market Monitor, a third party company that tracks data on more than 300 housing markets, to come up with the most valuable cities to invest in housing. The break down analyzes data based on population, job and home price growth.
The Queen City was ranked No. 12 in the nation, ahead of Raleigh at spot 13.
According to Forbes, these are the current number for Charlotte.
- Average home price:$235,000
- 3-year population growth:7%
- Year-over-year job growth:1%
- Year-over-year home price growth:8%
In addition to the positive forecast of investment opportunities in Charlotte, local real estate sales have actually continued to improve as well. In March of this year, new listings were up in the Charlotte region 6.2 percent and average sales price increased 10.4 percent compared to March 2016.
The local real estate market and economy is signaling toward a promising future for the Charlotte area. If you are interested in making a move in the real estate market, reach out to one of our trained real estate agents at Helen Adams Realty. In addition, check out our monthly newsletter and market update to stay on top of the most recent real estate data.