Charlotte Area Home Prices Ahead of Trends
By Dave diCecco, Dave Sells Charlotte
(Helen Adams Realty)
I read a great article yesterday on cnnmoney.com. It was discussing the home values of the 299 biggest real estate markets. they were talking about how prices were in relation to the market values in the area. As a seller the news was good. As a buyer the news was great. Charlotte area was tied for 15th place among the 299 markets for the most undervalued home prices. What does this mean?Well it means that buyers are buying the homes for an average of 6% less than the market value of the home should be. For buyers that means they are purchasing homes for a slightly better value than the true market value of the home. for sellers, it means they are getting close to the market value of what there home should be. In a perfect scenario the average price would be 0% of the market value. you ...
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