Uptown Charlotte Foreclosures & Preforeclosure Condos For Sale

Uptown Charlotte Foreclosures

Finding Uptown Charlotte condo foreclosures is easy! The list below is updated daily with new Uptown Charlotte foreclosure condo listings. Condo foreclosures offer huge discounts, contact us today to view any of the properties listed below. Uptown Charlotte foreclosures, preforeclosures and short sale condos for sale. Check back often as this Uptown Charlotte foreclosures page is updated daily with new foreclosure listings, preforeclosure condos and short sale properties.

Uptown Charlotte condos for sale below could be foreclosure, preforeclosure, short sale, reo, bank owned foreclosures, relocation, VA, HUD, estate or bankruptcy.

Listings 1 - 2 of 2

401 N Church Street -- 2 BR, 2 BA
Price: $369,000 (1195 sqft)
Complex: Jefferson Square
→ More info
CottinghamChalkHayes, | MLS # 3309245 | Active
333 Trade Street -- 1 BR, 1 BA
Price: $330,000 (924 sqft)
Complex: Trademark
→ More info
Midtown Properties | MLS # 3149265 | Active

Listings 1 - 2 of 2

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Fourth Ward Center City Charlotte

Fourth Ward Condos

Fourth Ward lies directly to the north of the intersection of Trade and Tryon. It is that quadrant bounded by North Tryon on the southeast and West Trade on the southwest.

Third Ward Center City Charlotte

Third Ward Condos

Third Ward lies directly to the west of the intersection of Trade and Tryon. It is the quadrant bounded by South Tryon on the southwest and West Trade on the northeast.

Second Ward Center City Charlotte

Second Ward Condos

Second Ward lies directly to the south of the intersection of Trade and Tryon. It is the quadrant bounded by South Tryon on the northwest and East Trade on the northeast.

First Ward Center City Charlotte

First Ward Condos

First Ward lies directly to the east of the intersection of Trade and Tryon. It is that quadrant bounded by North Tryon on the northwest and East Trade on the southwest.

NAR Data Shows Now Is a Great Time to Sell!

NAR Data Shows Now Is a Great Time to Sell! | Keeping Current Matters

We all realize that the best time to sell anything is when demand is high and the supply of that item is limited. Two major reports issued by the National Association of Realtors (NAR) revealed information that suggests that now continues to be a great time to sell your house.

Let’s look at the data covered in the latest REALTORS® Confidence Index and Existing Home Sales Report.

REALTORS® CONFIDENCE INDEX

Every month, NAR surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions.” This month, the index showed (again) that home-buying demand continued to outpace supply in May.

The map below illustrates buyer demand broken down by state (the darker your state, the stronger the demand is there).

NAR Data Shows Now Is a Great Time to Sell! | Keeping Current Matters

In addition to revealing high demand, the index also mentioned that “compared to conditions in the same month last year, seller traffic conditions were ‘weak’ in 24 states, ‘stable’ in 25 states, and ‘strong’ in D.C and West Virginia. 

Takeaway: Demand for housing continues to be strong throughout 2017, but supply is struggling to keep up, and this trend is likely to continue into 2018.

THE EXISTING HOME SALES REPORT

The most important data revealed in the report was not sales, but was instead the inventory of homes for sale (supply). The report explained:

  • Total housing inventory rose 2.1% to 1.96 million homes available for sale
  • That represents a 4.2-month supply at the current sales pace
  • Unsold inventory is 8.4% lower than a year ago, marking the 24th consecutive month with year-over-year declines

According to Lawrence Yun, Chief Economist at NAR:

“Current demand levels indicate sales should be stronger, but it’s clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions.”

In real estate, there is a guideline that often applies; when there is less than a 6-month supply of inventory available, we are in a seller’s market and we will see appreciation. Between 6-7 months is a neutral market, where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and should expect depreciation in home values.

As we mentioned before, there is currently a 4.2- month supply, and houses are going under contract fast. The Confidence Index shows that 55% of properties were on the market for less than a month when sold.

In May, properties sold nationally were typically on the market for 27 days. As Yun notes, this will continue, unless more listings come to the market.

“With new and existing supply failing to catch up with demand, several markets this summer will continue to see homes going under contract at this remarkably fast pace of under a month.”

Takeaway: Inventory of homes for sale is still well below the 6-month supply needed for a normal market. And the supply will continue to ‘fail to catch up with demand’ if a ‘sizable’ supply does not enter the market.

Bottom Line

If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers that are still out searching for your house.


Go to Source
Author: The KCM Crew

What Would You Sacrifice to Save For Your Next Home? [INFOGRAPHIC]

Saving to buy a home?
What Would You Be Willing to Sacrifice to Buy Sooner?

Bank of America’s Homebuyers Insight Report revealed that a “majority of homebuyers, especially those purchasing their first home, are looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.”

What Would You Sacrifice to Save For Your Next Home? [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.
  • The top item that buyers sacrifice is new clothes, at 54%.
  • Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their last home.

Go to Source
Author: The KCM Crew

Search for your new Charlotte condo

Start 2017 Off Right… List Your House for Sale

Market Analysis

Start 2017 Off Right… List Your House for Sale | Keeping Current Matters

As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years.

The recent jump in mortgage rates has forced buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale have dropped dramatically as compared to this time last year.

Here is a chart showing the decrease in inventory levels by category:

Start 2017 Off Right… List Your House for Sale | Keeping Current Matters

Bottom Line

Demand for your home is very strong right now while your competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the time.

Contact us now for a free Comparative Market Analysis (CMA) on your Charlotte condo, Lake Norman condo or Lake Norman home.

Go to Source
Author: The KCM Crew