As the economy continues to move along, the Charlotte Foreclosure market continues selling at a strong pace. For January 2013, a total of 1915 single family homes sold. Of those, there were a total of 526 foreclosure homes sold.
So how does this compare? Total sales increased 25% in January 2013 compared to January 2012. The total foreclosure sales decreased from our 2012 peak in January of last year of 19% to 27% in 2013. As long as the sales continue to grow, the market will absorb all of the foreclosures.
Yes, there is still an abundance of opportunity in Charlotte Foreclosures but at this pace of sales, it is only a matter of time until the Charlotte Real Estate market has a full recovery.
If you have been waiting for the bottom of the Charlotte Real Estate market, it looks like you waited too long! There are still opportunities but be prepared for multiple offers on aggressively priced foreclosure homes.
Learn about Charlotte Foreclosures and let's find your ideal home today! You do not want to hold off any longer; it will be a decision you will regret for many years to come. There are those who watch opportunity pass them by and those that seize it! Which group do you wish to join?
Call today at 704-770-6559 and I, Rick Waite, will be here to help you find a great Charlotte area Homes for sale!
Authored by Rick Waite
