For many young professionals the idea of living in Uptown Charlotte (inside 277) is very appealing. The surrounding areas like South End, NoDa and Midwood are popular too but you can't walk to work from them! With that in mind, we've taken a look at what's currently available in Uptown Charlotte for under $250,000. At the time of this search there are 24 units for sale under $250,000 (those numbers and the links will update constantly of course). We'll expect more inventory to come on the market this March and April too.
Ok, so the convenience of living Uptown speaks for itself. But what about resale value? Below we've compared the last 3 years of sold data in Uptown Charlotte (28202) to NoDa, Plaza Midwood and South End:
*Scroll over the chart for individual data points*
Since Jan 1, 2012 median real estate prices in Uptown Charlotte have increased an astounding 25% ([$261-$208]/$208 = 25%). Across Charlotte the average appreciation in 2014 was 7%. Uptown Charlotte killed it last year with a full 15% year over year appreciation. As a point of comparison, South End has only appreciated 8.6% since last year (*only 9% appreciation* year over year is still powerful) and Plaza Midwood brings up the rear with only 1.6% appreciation over the last year. This chart updates each month in real time, it will be interesting to watch home values go up in NoDa and Midwood as the blue line extension continues it's path through these neighborhoods (eventually ending up at the University area by some time in 2017).
It's no surprise that Uptown Charlotte real estate has done well the past 3 years -- over the past 10 years the city of Charlotte has seen 400,000 people move here -- a city the size of Cincinnati! What is surprising is just how well Uptown real estate has done in the past 3 years. If you bought in '07 or '08 you might not be under water anymore and if you bought in '10 or '11 you're loving life right now :) Enter your address below to find out what your Uptown property is worth (works for any Charlotte area address).
The McDonald Group at Wilkinson ERA is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
The Group's core values are all about integrity and market expertise. We look out for their clients interest above all others. We are a learning organization, and big believers in training and lifetime learning. Sellers know us for our technological savvy, our aggressive marketing, and the ability to consistently beat the averages in Days on Market. Buyers love us, we never pressure anyone, yet were able to save our Buyer clients 44% off the market average in 2013- and now that the market has changed we win more than our fair share of multiple offer situations.
Reviews on Zillow
"It was a great pleasure to work with Terry McDonald. English is not my first language so forgive any mistakes. The first time we met Terry was 5 ... more "
by polina katz
"I worked with Bobby on both buying and selling my home in Charlotte. He is so personal and cares about finding the perfect home for his clients! I ... more "
"Terry was exactly the agent we needed for our relocation from the New York area to Charlotte. We first explored a move to Charlotte a couple years ... more "
The Cost of Renting vs. Buying in the US Less to Buy than Rent? L
"Relocating to Charlotte from California, we were unfamiliar with the area. Bobby was more than accommodating when it came to showing us homes in different areas. He made us feel relaxed & was always patient with our energetic little ones! He helped us propose a fair offer on a beautiful home & we are indebted to him for the flexibility & know-how he exhibited through the whole process. We love Bobby!"