Is the real estate market picking up? It is a question many people have been asking recently. I hear it every day from clients, friends and neighbors. The short answer: Yes.
Yes, the greater Charlotte area real estate market and Lake Wylie’s market are both picking up. This generalization cannot be applied to all neighborhoods, communities and price points, but overall it appears 2013 will be a stronger year for housing.
According to the Carolina Multiple Listing Service, Lake Wylie and Area 15 is rebounding.
First quarter 2013 numbers are in the books. Compared to the first quarter in 2012, the average sales price in Lake Wylie increased 7.3 percent the first three months this year. The total number of homes sold increased 41.2 percent. Average days a house stayed on market fell 13.7 percent.
lt may be premature to think the housing crisis is behind us, but these numbers are great news. The real estate market is gaining momentum.
Lake Wylie remains a desirable area to live and a popular choice for people moving locally or from out of state.
Lake Wylie’s close proximity to Charlotte-Douglas International Airport and brief commute to uptown Charlotte continue to draw buyers to our market.
Combined with nearby recreational activities and expanding retail options, Lake Wylie should continue to attract homeowners through 2013, and years to come. These are a few reasons we moved to Lake Wylie years ago and look forward to sticking around for many more.
Brian Wade is a local Realtor. He can be reached at firstname.lastname@example.org.