If you purchased a home in Charlotte in 1990 you would have seen just about a 100% appreciation by the end of year 2014. The Charlotte market has remained relatively stable compared to most areas of the country and has seen an average annual appreciate rate of about 2.89%.
With the strong desire among many households and corporations to relocate to the Southeastern United States this trend is expected to continue for the foreseeable future.
During the last recession Charlotte realized its employment base was not as diversified as it should have been, largely a banking and healthcare hub. North Carolina and in particular the Charlotte area continue to see a diverse group of companies relocate their business or headquarters to this area.
With an inviting climate, the 4th Largest Airport, great education, health care and entertainment make Charlotte a draw to many looking to move South.
The Carolinas are also widely being recognized as one of the most desirable retirement destinations in the country. Known to appeal to what is known as half backs. “People from the Northeast that moved to Florida and found that it was too hot, so they moved half way back”.
Charlotte is considered a very friendly safe and manageable city unlike its larger counterpart to the South “Atlanta” with overwhelming population growth and traffic congestion.
For these reason many experts believe the appreciation will remain slow and steady for this thriving community.