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Charlotte, NC Real Estate News

By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
The Charlotte housing market has changed recently. Before, prices kept increasing constantly, but now, it is a more varied landscape. Some places are experiencing price increases, while others are witnessing price decreases.  This is different from the previous trend because prices just kept increasing.  We want to help you know why this change is happening. This knowledge can help you make decisions when buying or selling a home in Charlotte, NC.  Will Housing Prices Fall in Charlotte, NC?  The prices are changing in different parts of Charlotte. Some areas that used to cost a lot in 2021 and 2022 are now getting cheaper. But in other parts, the prices are going up.  Around June 2023, house prices in Charlotte were expensive, about $425,000 on average. That’s a big jump of 5.1% from ho...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Charlotte has many different neighborhoods. Some neighborhoods feel old and historic, while others are modern. These neighborhoods show how Charlotte keeps growing and changing over time.  This guide discusses how these neighborhoods are changing and what makes them unique. We’ll learn about what’s special in each area and why they appeal to residents.  Find the right neighborhood with this guide, whether you like old-style, modern, or a blend of both.  Is Charlotte NC Up and Coming? Charlotte Regional Business Alliance found that many people are moving here in Charlotte.  About 113 people picked Charlotte as their new home every day between 2021 and 2022. That’s a significant number! It shows that many people favor Charlotte’s living environment. Charlotte is getting more new residents...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Now is a great time to sell your home! With experts like Nancy Braun, you can make the most of this seller’s market.  This guide is your source for selling your home in Charlotte. The real estate market is changing, but right now, there are a lot of people searching for homes to buy.   You need to follow tips to guarantee a fast and profitable sale. These include finding the right agent, enhancing curb appeal, or making prompt repairs. In this article, we'll discuss these tips and more.  How Can I Sell My Home in Charlotte, NC? Selling Your Charlotte Home at the Right Price When you want to sell your home in Charlotte, getting the price right is super important. It makes your sales quick and profitable. But don’t worry. We’ve got tips to help you with this.   Look at Similar Recently So...
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By Tracy Soussi, NC & SC Broker - Large Bank Foreclosures
Believe it or not, clients are choosing to build custom homes in this environment.  Our Building Group Wingfoot Building Group - Homes by Simonini  currently has eight custom homes under construction all in the over 1M range.   And, we are bidding on many more. Why would someone choose to build with so many homes currently on the market?  Because building costs are down 20 - 30%.  Vendors and suppliers are more than happy to discount their product to get business.  What was once unaffordable has become affordable. Also, interest rates are so low.  We currently have one financial instutution that is offering prime minus one percent!!!  Its almost like free money!! Many people are choosing to build on homesites that they have recently aquired at a great price or one that they have had and...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte NC: Art Abounds at Spirit Square  First Baptist Church, erected in the early 1900’s, was designed by J.M. McMichael of Harrisburg, PA.  The central element of the structure (which has no steeple) is the Byzantine dome, similar to New York City’s Madison Square Presbyterian Church.  Church goers marveled at the stained glass windows, as you will. One window on the south side of the sanctuary was donated by Vinton Liddell in honor of his father, W. F. Liddell. Originally doubtful that the acoustics would be sufficient for even being able to hear a sermon in the church, but the acoustics did work!  The sound of the music was unbelievably glorious and the sermons reverberated like music to the ear.  In 1975, the old building was destined for destruction.  A local  chairwoman of t...
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By Brandon Farmer, Keller Williams Realty Huntersville, NC
The FUTURE -Charlotte is expected to add 24,000 households by December 2009!Look for changed consumer mindset focused less on luxuries. Look for higher density projects. Buyers are taking on average, 12.1 weeks to purchase. Sellers are taking a 10% hit on the sale of their homes but are gaining 10% when they buy.  If you want to move into a larger home, there is no better time than now.  Interest rates are at record lows. The Charlotte residential market remains among the nation's most structurally sound! Charlotte has seen an 11% discounting of prices in the 3rd Q of ‘08. Charlotte's new home market is currently operating at 50% of peak volumes, seen 27 months ago. Short sales are becoming common and are allowing buyers to get amazing deals on new construction.  TOP LINE ACTION - Why p...
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By Tom Palmer
(Terra Vista Realty)
This beautiful neighboorhood boasts park-like backyards and a short walk to Colony Place. to see Wessex Square real estate currently for sale in Charlotte. Homes in this subdivision tend to range from $200,000 to $290,000. Therefore, with Terra Vista Realty’s 1.5% cash rebate, we can pay you from about $3,000 to $4,400 to buy a house in Wessex Square through us. Houses in this neighborhood generally range from about 1700 to 2900 square feet. Below is additional information on Wessex Square in Mecklenburg County, North Carolina... Approximate Lot Sizes: 0.3 - 0.87 acresBuilders: John CroslandHome Styles: Cape Cod, Colonial, Traditional, TransitionalKey Roads: Truscott RD, Bournewood LN, Benridge LN, Cringle CT, Deanscroft DR, Ovington CIR or Macandrew DRZIP Code: 28226Plan names: Approxi...
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By Tom Palmer
(Terra Vista Realty)
Lots of spacious homes with a variety of lot sizes are available in this Steele Creek neighborhood. to see Steele Creek real estate currently for sale in Charlotte. Homes in this subdivision tend to range from $131,500 to $380,500. Therefore, with Terra Vista Realty’s 1.5% cash rebate, we can pay you from about $2,000 to $5,700 to buy a house in Steele Creek through us. Houses in this neighborhood generally range from about 1400 to 3100 square feet. Below is additional information on Steele Creek in Mecklenburg County, North Carolina... Approximate Lot Sizes: 0.16 - 5.39 acresBuilders: Beazer Homes, Keystone, Keystone BuildersHome Styles: Colonial, Traditional, Transitional, WilliamsburgKey Roads: Cades Cove DR, Anna Rose RD, Elm Bend DR, Steele Meadow RD, Cedar Rock DR, Mariannes Ridge...
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By Tom Palmer
(Terra Vista Realty)
Close to the light rail, Collins Park is a charming, established Charlotte neighborhood. to see Collins Park real estate currently for sale in Charlotte. Homes in this subdivision tend to range from $102,000 to $347,900. Therefore, with Terra Vista Realty’s 1.5% cash rebate, we can pay you from about $1,500 to $5,200 to buy a house in Collins Park through us. Houses in this neighborhood generally range from about 700 to 2700 square feet. Below is additional information on Collins Park in Mecklenburg County, North Carolina... Approximate Lot Sizes: 0.155 - 1.26 acresHome Styles: Bungalow, Rustic, Traditional, TransitionalKey Roads: Applegate RD, Manhasset RD, Murrayhill RD, Northgate AVE, Scaleybark RD, Rockford CT or Firwood LNZIP Code: 28209Plan names: Approximate Homes Sales Annually:...
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By Dante LaTerra
(Julie LaTerra Homes)
Hello to all of my fellow Charlotte REALTORS! I am new to this community, and since the market has changed I have been searching for new ways to get connected with fellow REALTORS. My whole life I've been really into sports and actually believe strongly that "Together Everyone Achieves More" aka TEAM! I am so glad to be a part of this community and I hope that it will help me to connect with other REALTORS and sell homes. I also found a Google group for Charlotte REALTORS called "Charlotte Top Producers". You can go to google.com and click on groups then search for it under groups or just visit www.CharlotteTopProducers.com and click the link on that site to join it. There is no benefit to me to have you join, although I guess there is, because I believe that the more connected we all a...
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By Tracy Soussi, NC & SC Broker - Large Bank Foreclosures
                                    The 24th Annual Major Achievement in Marketing Excellence (MAME) Awards Banquet will be held March 28, 2009 by the Charlotte Builder's Association in Charlotte. Wingfoot Building Group - Homes by Simonini has a very user friendly, appealing website.  It is a wonderful tool used by our financially strong building group to introduce its product to new clients and clients looking for custom and spec homes. It is very helpful for clients looking in Lake Norman, North Carolina, Rock Hill & Lake Wylie, South Carolina - attracting clients from diverse markets such Florida, New York and New Jersey from the website. It has a special section for existing clients to log in on and view their custom home in various construction stages with photos, allowance, chang...
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By Melissa Polce, Lake to Land, I've Got It Covered!
(ERA, Wilkinson Real Estate Charlotte)
If you have decided to hedge your bets and try and sell your home before you foreclose, you are in luck...as more and more banks are trying to work with homeowners who have their homes on the market. This is still a great option if you can't make payments, can't modify your mortgage or your just going to walk away(however quite a bit of leg work). A short sale will no doubt "ding" your credit for 12-24 months but in no way will it be a foreclosure on your credit for 7 years or more. If you are just opening your 1st filing note in the mail, you still have time.The home is going to be on the market for less than what you paid...and we will work with the bank on this. You need to know once we get an offer the real work begins for you and your real estate agent...endless calls and paperwork...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
drumStrong Chairty Event Charlotte NC a HUGE Success! Friday evening I was honored to win tickets to the charity event to benefit drumStrong (DrumsForCures) and the Levine Children's Hospital's cancer research here in Charlotte NC (Thank you Meck-South Rotary for the evening)!  Spirit Square was the venue and the place will just never be the same for me!  There were amazing bands and a 'Not-So-Silent Auction' and lots and lots of food and beverage!  Generosity spilled into the hallways of Spirit Square with donations from across the Carolinas and the world!  There were trips to Tuscany, autographed footballs and photographs, crystal and jewelery and much more--all donated by those who are just hoping and praying for a cure for children's cancer. The drumStrong live auction featured a P...
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By Becky Elliott
(Prudential Carolinas Realty)
I know of two websites that are great for getting discounts on gift certificates in the Charlotte area. The first is  http://www.wsoctv.com/justpayhalf/index.html. This website offers a variety of different vendors, including golf, beauty salons, restaurants and massages too! Pay half for gift certificates and save money. Check this website often because they limit the number of gift certificates and the good ones tend to run out quickly. The second is http://www.restaurant.com. You can type in your zip code and a long list comes up. The most popular certificate I've seen is a $25 certificate for only $10. Some will offer you $50 for only $20. Be sure to check on the restrictions on these as some of them are kind of quirky. Anyway, if you are looking for a great way to save some $$ this...
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By Sara D'Amico
(Southern Homes of the Carolinas)
Overlook is a beautiful community with waterfront lots and plenty of amenities including a Club House, Lake, Playground, Pool, Recreation Area, Tennis Courts, and Walking Trails.  To get to Overlook, take Hwy 16 North and take a right on Mount Holly Huntersville Road, then left on Overlook Mountain Drive.  As of February 9, 2009, there are 23 properties On The Market in Overlook.  These properties range in price from $369,900 up to $1,599,000.  Most homes have 5 bedrooms and square footage ranges of 3,300 up to 3,900 square feet.  The average list price in Overlook is $524,973 with an average of 190 days on the market. Also, as of this date there is 1 property Pending/Under Contract in Overlook.  It is listed for $462,500 and has been on the market for 106 days. Within the past 6 months...
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By Sara D'Amico
(Southern Homes of the Carolinas)
As a Charlotte area Realtor, I appreciated the article that I read on Charlotte.com by Stella M. Hopkins and Ted Mellnik.  It pointed out that while home prices in the Charlotte area did fall last year, things are not as bad as some make them out to be.  It also explains why we're not feeling the pain in Charlotte as much as they are in other areas of the country.  Everyone talks about bubbles bursting and it clearly points out in this article that Charlotte's housing market did not behave in this way, and for this reason does not have as much to recover from in the long run.  However, it still needs to be noted that Charlotte does still need to recover from the current housing market.  It was interesting to read the zip codes that had declines last year and the zip codes that continued...
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By Olan Carder
(Fairway Independent Mortgage)
All you hear about is how high inventory is and the negative effect it has on prices in Real Estate.  I understand that what you hear from the media are national numbers, but honestly even I assumed Charlotte inventory has to be pretty high right now. This past weekend I decided to drive around and drop in on some open-houses and meet some new agents.  I started by looking on the Internet to find some open houses that were near my house.  I blocked a couple hours and hit the road.  First of all, I was suprised by how few open houses there were to visit.  I figured there would be a lot more... Second, I was very suprised by how few houses were listed for sale around my area.  I really thought I would see a lot more, and it has me thinking... Is Charlotte Inventory high or low right now??...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Happy Birthday, Scott Morrison! Last week Scott and his lovely wife, Jacquie, and several of our dearest friends enjoyed dinner to celebrate Scott's big 4-0!  Scott thought that it was only Ray & I going to dinner with he and Jacq and we had several others there to 'surprise' him for his 40th.  He was totally surprised and enjoyed the evening at his favorite, Mickey & Mooch Restaurant (read our recent review).  Here are a few photos from the evening... The 'dinner' gang (some visited at the piano bar for awhile and did not stay for dinner as we ate VERY late!) Sitting at the piano looking out over the bar and dance floor area at Mickey & Mooch's. Scott & Doug, the head waiter for the evening!  The wait staff was FABULOUS! Cheers Scott!  Happy 40th! {Teresa--this one's for YOU!} You jus...
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By LePage Johnson, Charlotte Lake Norman Homes
(Keller Williams Realty)
FEATURED LISTINGS   The Conservatory is a Private True Gated Community located just minute from downtown in South Charlotte. This small, exclusive, luxury community will offer 25 custom built Simonini homes as well as walking trails for all its residents to enjoy. If you are looking for privacy and luxury along with the convenience of being close to downtown Charlotte, The Conservatory may be a perfect fit for you. For additional information or detailed listings contact: Luxury Home Specialist Craig R. LePage at 704-618-2412   Community: The Conservatory Price Range: $800's to $1.2 Million Location: South Charlotte County: Mecklenburg Community Description: Private Gated   Amenities: Green areas, Walking Trails, Gated   Home Site Sizes: 0.16 to 0.2 Acres Number of Home Sites: N/A Sq. F...
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By LePage Johnson, Charlotte Lake Norman Homes
(Keller Williams Realty)
FEATURED LISTINGS  Eastover is a high end luxury home community on the outskirts of south Charlotte just east of the popular and area of Myers Park. This area of Charlotte has been around for nearly century and offers the elegant architecture of the Traditional, Colonial and Georgian styles. New development and second generation luxury homes are still being built in Eastover and are currently available for purchase. For detailed current home listings or home showings contact: Charlotte's Luxury Home Specialist Craig R. LePage at 704-618-2412 Community: Eastover Price Range: $400's to $3.5 Million Location: Southeast Charlotte County: Mecklenburg Community Description: Historic Charlotte Look   Amenities: N/A   Home Site Sizes: 0.2 to 1.0 Number of Home Sites: N/A Sq. Ft. Range: 1800 to...
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By Tony Orefice, Realtor- Cabarrus County, NC
(NorthGroup Real Estate/www.TonyORealtor.com)
 University of North Carolina at Charlotte         The wife came home Friday with two tickets to the Charlotte 49er's game for today. Of course, I would take no one other than my buddy...my son.               The game was 20 minutes away at the University of North Carolina at Charlotte. The entrance to the university is on University City Blvd. The campus is large and nicely planned with beautiful landscape and lots of walking paths.            It was certainly an exciting game. I'd say the teams were evenly matched for the score was pretty much tied throughout the 1st half and it wasn't until mid 2nd half that the 49er's started to lead. During halftime, we went to the concession stand to have a little lunch. We had chili cheese hotdogs, curly fries and a couple of drinks. YUM!!! Oh a...
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By Jerry Fletcher, Charlotte NC
(J Fletcher Realty)
Home prices around Charlotte fell last year, but not as much as you might think. On average, prices across the six-county area fell about 4 percent, shedding the modest gains of 2007. No one likes a loss, especially in the value of their home. And the outlook this year is lousy. But there's hope. The average price of homes sold last year in more than three-fourths of the area was at or above prices from 2003 through 2005. That means most people who have been in their houses a few years are likely still sitting on gains. Carolina Multiple Listing Services' sales from 2003 to 2008 show the following: Last year, 26 of 70 area ZIP codes, or more than one-third, posted their highest prices of the six-year period. Only seven ZIP codes posted declines for the period. In Charlotte, the Universi...
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By Brian Belcher, Charlotte Realtor
(RE/MAX Executive)
In addition to awesome ice cream joints, I visited one of the many restaurants in Stonecrest, a shopping center in the Ballantyne neighborhood in Charlotte NC. City Tavern has several locations around North Carolina. One is in Wilmington, NC, another is at Lake Wylie, and still another is in uptown Charlotte. It is what they call an upscale casual dining restaurant. They actually have a ton of seafood on the menu, which is what I was thinking about getting. I was planning an offseason trip to the Wilmington beaches that got interrupted. Seafood in Charlotte would have to suffice. Sometimes, you just have to get out of the city. The dinner was great and the atmosphere was nice and lively. There is a full bar there and many folks seem to show up just to sit at the bar. Perhaps they were w...
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