By the Numbers: Real Estate in Charlotte
Rising rents, hot neighborhoods for investors, and other facts you need to know about the real estate market this year.
As of November 2014, Charlotte-area median home prices had increased on a year-over-year basis for 13 consecutive months.
In the 28213 zip code, in the Newell area northeast of uptown, median prices increased 53 percent from December 2013 to December 2014.
Average appreciation for Charlotte-area homes is expected to hover between 2.5 percent and 3 percent in 2015, similar to last year, according to Pat Riley, president and chief operating officer of the Allen Tate Companies.
Zip code 28214, north of Charlotte Douglas International airport, is a popular area for investors.
The listed price for a five-bedroom home in Piper Glen. With new construction inspired by Hollywood’s golden era in the 1940s, it has more than 8,000 feet of rope lighting, crystal chandeliers, a salt water pool, spa, pool cabana, dry sauna, and a four-stop elevator. (Source: realtor.com)