Current Real Estate Market Trends:

Average price per square foot for Charlotte NC was $96, a decrease of 2% compared to the same period last year. The median sales price for homes in Charlotte NC for Feb 10 to Apr 10 was $139,948 based on 2,584 home sales. Compared to the same period one year ago, the median home sales price decreased 1.1%, or $1,552, and the number of home sales increased 2.8%.

The average listing price for homes for sale in Charlotte NC was $297,999 for the week ending May 12, which represents an increase of 0.8%, or $2,446, compared to the prior week. Popular neighborhoods in Charlotte include Myers Park and Dilworth, with average listing prices of $852,910 and $406,511.

History of Charlotte:

The seat of Mecklenburg co., S N.C.; inc. 1768. The largest city in the state and the commercial and industrial leader of the Piedmont region, Charlotte is the third-ranking U.S. banking center as well as an air, transportation, and distribution hub for the Carolina manufacturing belt. Hydroelectricity from the Catawba River powers industries producing textiles, chemicals, clothing, machinery, food, metals, and printed materials.

The Univ. of North Carolina at Charlotte, Queens College, and Johnson C. Smith Univ. are in the city. The Mint Museum of Art is a reproduction of the U.S. Mint located in Charlotte from 1837 until 1913. The city is home to professional football (the Panthers) and basketball (the Hornets) teams. The huge Charlotte Coliseum and high-rise office buildings have transformed the city’s skyline since the 1980s. Lowe’s (formerly Charlotte) Motor Speedway is in nearby Concord.

The city (settled c.1750) was named for Queen Charlotte, wife of George III of England. Its citizens were among the most outspoken in opposition to the British government, and it was at Charlotte that the Mecklenburg Declaration of Independence was signed in May, 1775. In his brief occupation of the city (Sept.–Oct., 1780), British General Cornwallis called it a “hornet’s nest of rebellion.” In 1971, Charlotte and Mecklenburg co. became the scene of the first major court-ordered busing program (ended 1999) to eliminate school segregation.

Charlotte Chamber of Commerce