Have you been waiting to buy a home? We meet people every day trying to make the decision of whether now is the time to buy. With all the articles predicting when is the best time to buy or thinking one day the perfect undiscovered property will just pop up, knowing when is the right time to buy is hard.
For those of you who’ve been sitting on the fence for the last few years, we thought it would be interesting to see how much the decision to wait has already cost. Also what are the experts saying we are heading in the Charlotte market? You might just decide now is the perfect time to buy.
Take a look at the graph charting average price per square foot and the median sale price at a sampling of our top neighborhoods over the past 5 years.
As you can see each neighborhood has had a steady increase each year. In some cases a lot, making a dramatic impact on the overall cost of the home as well as your monthly house payments.
A nationwide panel of over 100 economists, real estate experts and investment & market strategists projected where home prices and values look to head in the next five years.
Here is what the experts projected in the latest Home Price Expectation Survey:
- Home values will appreciate by 3.7% in 2016. Charlotte has been seeing a 4.5% and Cabarrus is seeing 10% growth
- The cumulative projected appreciation nationwide will be 18.1% by 2019.
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
We are always happy to give excellent advice and guide
you based on your information and current Charlotte NC real estate
market.
Get real home advice that fits you by Five Star Professional Chris Carter and Renda Powell, Carter Group Realtors, has been chosen for 8 years and 6 years respectively, as one of Charlotte’s Five Star Real Estate Agents for 2015. Less than 1% of Charlotte Real Estate Agents have been selected as a 5-Star Winner for 8 years.