Contrary to what you might hear, people are still buying condominiums and townhouses in the Charlotte area. The condominium and townhouse market continues to burn bright in Charlotte, good news for homebuyers seeking the convenience and amenities of this popular housing option.

The attached market (realtor speak for condominiums and townhouses) continue to perform well in uptown Charlotte and other popular areas surrounding the city center. In fact, condominium and townhouse median pricing climbed three and eight percent for the year in 2007 and 25 and 13 percent in the fourth quarter. New condominium and townhouse media prices rose 14 and 22 percent for the year and 28 and 20 percent for the fourth quarter.

Location, Location, Location

Charlotte boasts a wide variety of quality condominium and townhome options spread throughout the area, including sleek high-rises in our vibrant Uptown and luxurious options in the ever-popular SouthPark area and resort-like Lake Norman. Other popular areas include the traditional street-car neighborhoods surrounding Uptown such as Elizabeth, Morningside, and Dilworth.

An emerging area attracting lots of attention in Charlotte is the Historic SouthEnd thanks to the new South Corridor Light Rail Line which runs from Uptown south to the rail’s intersection with I-485. This area is experiencing a rush of new development from new loft condominiums to reclaimed buildings. The Historic SouthEnd offers a very appealing lifestyle for those seeking the convenience of condominiums and townhouses.

The combination of steady price appreciation, falling interest rates, a diverse selection of condominiums and townhouses that fit every lifestyle, and a local economy built on solid dynamics makes Charlotte an attractive market for qualified homebuyers.




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