I’ve had several request to share what our current real estate market condition is compared to last year. Many of you are considering options of whether this is the best time to sell or buy a home, some had questions as to what the list price to sold ratio is this year vs. last year, and many had just general questions about real estate as it applies to us. Below is a snapshot of the Tega Cay SOLD Market for January and February 2007 compared to the same time frame for 2008, as well as a breakout of Lake Shore SOLD activity.

If you would like specific information as it applies to your home and the appreciation value from when you purchased it compared to similar properties sold since that purchase date please contact me. I will be happy to do a complete analysis and provide you with information that can assist you in making important decisions. We’ve all heard about “Location, Location, Location”; in today’s changing real estate market the slogan “TIMING, TIMING, TIMING” should also become part of the equation.

WBT Radio based in Charollete, NC reported this week that US home values plunged 8.4%. But the Charlotte area maintained a plus 3% home value growth. The Charoltte Metro area includes Fort mill, tega cay and Lake Wylie SC.This information was based on data through November 2007 sales. Experts predict some softening of values in the coming months in our area. Charlotte was one of 20 cities in the home value study. Only 3 cities out of the 20 saw rising home values.