Charlotte Condos For Sale Uptown Charlotte NC Real Estate Condo

Charlotte NC Real Estate Listing Alert Email

Fill out the form below to get FREE automatic updates from the Charlotte MLS with new Charlotte properties and price changes on Charlotte properties that fit your real estate search criteria.

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327492801 Charlotte NC Real Estate Listing Alert Email

Uptown Charlotte Foreclosures & Preforeclosure Condos For Sale

Uptown Charlotte Foreclosures

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.

Forth 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.

Lake Norman Charlotte NC Area Guide

Lake Norman Charlotte NC

Lake Norman Charlotte NC Area Guide

101 0692 224x300 Lake Norman Charlotte NC Area GuideLake Norman is sometimes referred to as the “inland sea” of North Carolina; it offers 520 miles shoreline and a surface area of more than 50 square miles. Lake Norman provides electricity to the Piedmont region of the Carolinas. It powers the generators at the hydroelectric station at Cowans Ford Dam, and is used by Marshall Steam Station and McGuire Nuclear Station to cool the steam that drives their turbines. The lake supplies water to Lincoln County, Iredell County, Mooresville, Charlotte, and other towns in Mecklenburg County, particularly Davidson and Huntersville. Popular game fish in Lake Norman include catfish, crappie, bluegill and yellow perch, as well as striped bass, largemouth bass, white bass along with multiple types of turtles. Lake Norman Charlotte NC offers beautiful sunsets, lush landscape and tranquil waters for boating, jet skiing and  summer fun. Lake Norman is only twenty minutes north of Charlotte, NC and only a short drive to the scenic Blue Ridge Mountains or the warm ocean waters of the Atlantic.

NoDa Charlotte Area Guide

noda area guide

NoDa Charlotte Area Guide

noda 300x225 NoDa Charlotte Area GuideNoDa (short for “North Davidson”) is a popular arts district in Charlotte, North Carolina. It is located in the North Charlotte neighborhood on and around North Davidson Street and 36th Street, approximately one mile northeast of Uptown. Formerly an area of textile manufacturing and mill workers’ residences, the area has also served as a center for the arts. NoDa shares the same geography as Historic North Charlotte which is on the Register of National Historic Sites. The name “NoDa” was coined by architect Russell Pound. In addition to historic mill houses, NoDa has seen a boom in residential construction in multifamily housing in recent years. The neighborhood has become an entertainment district focused on bimonthly gallery crawls. In addition to the art galleries, there are several music venues and restaurants in the neighborhood. NoDa Charlotte map with restaurants, grocery stores, gas stations, banks & hospitals. NoDa restaurants, NoDa walkscore & yelp reviews. If you have questions about NoDa please contact us. You can also request a relocation package with a NoDa map, Charlotte newspapers, Charlotte magazines, Charlotte business directory and Charlotte area attractions guide.

Uptown Charlotte Map

Uptown Charlotte

Uptown Charlotte Map – Walkscore, Yelp Reviews

charlotte uptown 150x150 Uptown Charlotte MapUptown Charlotte map with restaurants, grocery stores, gas stations, banks & hospitals. Uptown Charlotte restaurants, Uptown Charlotte walkscore & yelp reviews. If you have questions about Uptown Charlotte please contact us. You can also request a relocation package with an Uptown Charlotte map, Charlotte newspapers, Charlotte magazines, Charlotte business directory and Charlotte area attractions guide.
More Charlotte area guides:
First Ward
Second Ward
Third Ward
Fourth Ward

South Park Condo Market Update For March 2013

South Park Condo Market

South Park Condo Market Update

In March 2013 7 South Park condos/townhomes sold in the South Park MLS area, a 30% decrease from the 10 condos or townhomes sold in February 2013. March 2013 sales figures decreased 30% from March 2012 when 10 condo sold.

The average sales price decreased 11.9% from $333,182 in February to $293,581 in March. March 2013 average sales price decreased 4.8% from the March 2012 average sales price which was $308,490.

Average days on the market decreased 3.9% from 129 in February to 124 in March. March 2012 average days on the market were 151.

Currently there are 46 condo/townhomes listed for sale in the South Park area. The average unit is a 2 bed/2 bath home with 2,149 square feet and an average list price of $500,640, up 38.2% from March 2012‘s average list price of $362,238. The average days on the market are 150. Five South Park condos/townhomes are currently under contract, up 25% from March 2012.

South Park condos for sale

Lake Norman Condo Market Update For March 2013

South Park Condo Market

Lake Norman Condo Market Update

In March 2013 15 condos/townhomes sold in the Lake Norman area, a 66.7% increase from the 9 Lake Norman condos or townhomes sold in February 2013. March 2013 sales figures increased 150% from March 2012 when 6 Lake Norman condos sold.

The average sales price increased 39.9% from $145,941 in February 2013 to $204,100 in March 2013. March 2013 average sales price increased 58.6% from the March 2012 average sales price which was $128,666.

Average days on the market increased 34.7% from 95 in February to 128 in March. March 2012 average days on the market were 248.

Currently there are 101 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,488 square feet and an average list price of $220,090, down 2.8% from March 2012′s  average list price of $226,344. The average days on the market are 157. 20 Lake Norman condos/townhomes are currently under contract, a 185% increase from March 2012.

Lake Norman Condos For Sale

Uptown Charlotte Condo Market Update For March 2013

South Park Condo Market

Uptown Charlotte Condo Market Update

In March 2013 28 Uptown Charlotte condos/townhomes sold in the Uptown Charlotte MLS area, a 100% increase from the 14 condos/townhomes sold in February 2013. March 2013 sales figures increased 47.4% from March 2012 when 19 Uptown Charlotte condos sold.

The average sales price decreased 33.4% from $299,021 in February to $199,208 in March. March 2013 average sales price decreased 1.9% from the March 2012 average sales price which was $203,008.

Average days on the market decreased 8.9% from 112 in February to 102 in March. March 2012 average days on the market were 105.

Currently there are 95 Uptown condos/townhomes listed for sale in the Uptown Charlotte MLS area. The average unit is a 1 bed/2 bath condo with 1,463 square feet and an average list price of $402,566, up 1.4% from March 2012‘s average list price of $396,936. The average days on the market are 175. Currently 38, or 40%, Uptown Charlotte condos/townhomes are under contract.

Uptown Charlotte condos for sale

Charlotte Condo Market Update For March 2013

South Park Condo Market

Charlotte Condo Market Update

In March 2013 198 condos sold in the Charlotte area, a 22.2% increase from the 162 condos sold in February 2013. March 2013 sales figures increased 10% from March 2012 when 180 Charlotte condos sold.

The average sales price decreased 12.4% from $183,534 in February to $160,740 in March. The March 2013 average sales price increased 5.2% from the March 2012 average sales price which was $152,792.

Average days on the market decreased 2.6% from 115 in February to 112 in March. March 2012 average days on the market were 164.

Currently there are 863 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,567 square feet and an average list price of $232,904, up 4.2% from March 2012. The average days on the market are 128. Currently 366, or about 42.4%, Charlotte condos are under contract.

Uptown Condos For Sale
NODA/Plaza Midwood Condos For Sale
South Park Condos For Sale
Lake Norman Condos For Sale

FHA Condo Approval Changes Compound Housing Woes, Limit Condo Options

If you own a condo, or hope to buy one someday, changes in FHA’s mortgage program could end up costing you — and further crimp the housing market.

More and more condo sellers and buyers are being shut out of the housing market. That’s because of tougher condo qualifying rules for FHA loans — on top of an already tough lending market.

You may not realize it, but buyers can’t use an FHA loan to purchase just any condo. You have to buy in a condo community that’s been vetted by FHA and approved — and your condo board has to re-certify every two years.

Since FHA insures about one-third of consumer mortgages, the lack of FHA financing is contributing to depressed or artificially low condo values. All this adds up to more unnecessary uncertainty for the housing sector.

Why is FHA important?

Credit-worthy buyers like FHA because they can become home owners with a 3.5% down payment compared with having to put down up to 20% for a convention loan. An affordable down payment option is especially important when you’re a first-time buyer.

The lack of FHA mortgages has hurt the condo market from South Florida to California. Between December 2010 and September 2011, only 2,100 of the 25,000 condos (that’s 8.4%) nationwide whose approvals expired were able to renew their approval, FHA Spokesman Lemar Wooley told housing columnist Ken Harney.

What does this mean for sellers?

If your condominium doesn’t have FHA approval and your condo board can’t or won’t get it approved or re-certified, buyers can’t use an FHA loan to purchase your home. When one-third of condo buyers are looking at only 8.4% of the condos on the market (instead of your unapproved condo), your value is going to nose-dive.

What does it mean for buyers?

If you’re considering buying a condo with an FHA loan, the rules limit your choices. You’ll have to confine your home search to approved condominiums.  Since all other FHA condo buyers are doing the same thing, you’ll compete with more buyers for the approved condo you want. More competition means you’ll likely end up paying more when you buy.

FHA condo approval rules too tough

Bottom line: The rules driving condos away from FHA approval are unrealistic given the current housing market and economic conditions.

If more than 15% of your neighbors are more than 30 days late paying their condo fees, your building can’t get approved. Since condo associations don’t report late payments to credit bureaus, home owners association (HOA) dues are often the last bill paid. Right now, 30,000 U.S. community associations have delinquency rates above 20%, according to the Community Associations Institute. If an association is in good financial shape, then having 15% of owners paying 30 or even 60 days late shouldn’t be a huge issue.

No more than 50% of the homes in your condo building can be rentals and any units a bank owns (like foreclosed units) count as rentals. That’s problematic in today’s economy, but there’s no data to support the idea that having 50% owner occupancy is good or bad. It would make more sense for FHA to look at the overall health of the condominium association.

No more than 25% of the building can have mixed-use commercial space. Connecting jobs to housing reduces transportation costs and saves energy, so removing this rule makes sense from an environmental standpoint.

Your condo’s board members have to certify the condo meets state and local laws pertaining to condominiums and don’t know any reason that home owners might become delinquent on their dues in the future. If it turns out not to be true, they could be fined $1 million and sent to jail for 30 years. That potential punishment frightens condo board members — many of whom are volunteers — who then decide not to apply for FHA approval or re-certification.

The FHA rules are wrong for buyers, for sellers, and for the housing market. First-time, credit-worthy home buyers need to be able to buy condos using FHA’s 3.5% down payment. Empty-nesters looking to downsize into condos deserve access to safe, affordable FHA loans, too. If sellers can’t sell their units to a whole segment of buyers (those using FHA), the price they can get for their home will fall.

Unit we move new owners into some of the millions of condos now sitting vacant, the housing market can’t recover.

Will the FHA rules impact the housing market?

South Park Condo Market Update For March 2012

In March 2012 10 condos/townhomes sold in the South Park area, a 100% increase from the 5 condos or townhomes sold in February. March 2012 sales figures increased 233% from March 2011 when 3 condo sold.

The average sales price increased 61.4% from $191,100 in February to $308,490 in March. March 2012 average sales price decreased 4.4% from the March 2011 average sales price which was $322,833.

Average days on the market decreased 32.9% from 225 in February to 151 in March. March 2011 average days on the market were 187.

Currently there are 46 condo/townhomes listed for sale in the South Park area. The average unit is a 2 bed/2 bath home with 2,068 square feeet and an average list price of $362,238, down 7.3% from February‘s average list price of $390,732. The average days on the market are 202. Six South Park condos/townhomes are currently under contract, up 50% from February.

South Park condos for sale

Lake Norman Condo Market Update For March 2012

In March 2012 6 condos/townhomes sold in the Lake Norman area, a 40% decrease from the 10 condos or townhomes sold in February 2012. March 2012 sales figures decreased 57.1% from March 2011 when 14 Lake Norman condos sold.

The average sales price decreased 35.2% from $198,450 in February 2012 to $128,667 in March 2012. March 2012 average sales price decreased 33.6% from the March 2011 average sales price which was $193,914.

Average days on the market decreased 22.8% from 189 in February to 146 in March. March 2011 average days on the market were 138.

Currently there are 120 condo/townhomes for sale in the Lake Norman MLS area. The average unit is a 2 bed/2 bath home with 1,409 square feet and an average list price of $226,344, down 1.2% from February’s  average list price of $229,081. The average days on the market are 151. 7 Lake Norman condos/townhomes are currently under contract, a 0% decrease from February.

Lake Norman Condos For Sale