North and slightly west of downtown is another little-known neighborhood—to those who don’t live there, anyway—called Sunset Road. For the residents who live there, however, there is no better place to be. It’s close enough to the freeway to make commuting to downtown easy, but not so close that the neighborhood loses its safe, suburban feel. The high number of BMX parks, athletic fields, nature preserves, and farm trails in the area only serve to boost its cross-generational appeal, too. More affordable than other parts of the Queen City, young professionals and growing families also like to claim Sunset Road home as well.
In fact, because it has so much to offer at a more reasonable price, the number of buyers looking at Sunset Road as the community they want to call home has grown. That’s not bad considering it takes a little digging to figure out just where the boundaries for this up-and-coming Charlotte neighborhood lie. But, those who do, buy a home here as fast as they can—which explains why median days on the market clocks in at only 43.
Median home sales prices aren’t going up nearly as fast as some neighborhoods, but they are moving forward at a slow and steady pace. Once everyone gets wind of how inexpensive this neighborhood is, however, you can expect that pace to change. Either way, you won’t lose by investing in Sunset Road homes as long as you buy and renovate at the right price, then sell at the rising market value.
Of course, you’ve got to know how to find real estate deals in each of these neighborhoods to have any kind of impact on your immediate bottom line and your investment business overall. And, whatever lead generation strategy you use should also continue sending you opportunities from up and coming Charlotte, NC, neighborhoods even as those neighborhoods change—and you can bet that they will. After all, things move pretty fast here in the Queen City. Your real estate investing business had better keep up.