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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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FEATURED LISTINGS Zenta Mortgage Services to hire 1000 workers making #Charlotte its N. American Headquarters. 250 #jobs in the next Yr. http://bit.ly/6Db5FX Click Link to read more.... Premier Inc to add 350 jobs in Charlotte over the next 5 years http://bit.ly/6RlhNM Click Link to read more.... Electrolux to make #Charlotte its North America HQ - 738 New #Jobs http://bit.ly/6lJAXB Click Link to read more.... Email: E-mail Website: www.YourCharlotteLuxuryHome.com Charlotte Luxury Community DirectoryGolf Course CommunitiesWaterfront Luxury HomesEquestrian / Horse Friendly CommunitiesGated Communities Craig R. LePage Realty Group Inc.Charlotte's Luxury Home Specialist's - Serving the entire Charlotte area including Lake NormanPh: 704-618-2412www.YourCharlotteLuxuryHome.com
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By Carol Fox, Helping You Discover Charlotte's Best Small Towns
(Allen Tate Company 704-905-3935)
Christmas in Charlotte NC Small Towns Would you like to find a quaint, old-fashioned setting to celebrate Christmas?  You don’t have to travel far from Charlotte NC to find small, family-oriented holiday festivities.  Just stop by area small towns such as Matthews, Mint Hill and Lake Park. This is a photo blog of Christmas in these small towns.  Enjoy the holidays! Christmas in Matthews NC Matthews NC has the most extensive festivities.  The holidays start in early December with a street festival, a tree lighting ceremony with entertainment and the arrival of Santa.  Downtown businesses also sponsor a candlelight holiday stroll later in the month. Christmas in Mint Hill NC Mint Hill NC also has a tree lighting ceremony.  These photos show the Mint Hill Town Hall with the tree in the pla...
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By Chuck Webb
(Wilkinson & Associates)
If you’re looking for a traditional community in a great location with exceptional value, look no further than Raeburn. Raeburn lies just south of Stonecrest shopping center and Ballantyne Commons Parkway at the intersection of Rea Road and Parks Farm Lane. Raeburn is also accessible from Elm Lane and Bryant's Farm. Its proximity between Ballantyne Village, Stonecrest Mall and Blakeney Shopping Centers offers homeowners the widest selection of shopping, entertainment, and dining choices of anywhere in the south Charlotte area. Also, I-485 is just a few blocks away which will get you anywhere else in the city that you need to go in a matter of minutes. Raeburn touts itself as being “346 of the friendliest households in South Charlotte”! One only needs to look at recent market statistics ...
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By Don Anthony, Charlotte & Triangle NC Discount Realtor
(Don Anthony Realty ~ www.DonAnthonyRealty.com)
Homes For Sale in Charlotte Region - November 2009 Inventory Report The market slowed down a little in November in comparison with October, as overall inventory increased slightly.  The 90-day trend continues to show progress towards getting to the beginning of 2008 inventory levels.  Watch the video below for the complete report... Though inventory increased slightly in November, overall I am pleased that we are very close to 2007 levels after a huge increase for the better part of 2009. I'm optimistic with the interest rate environment what it is and the additional tax credits passed by Congress, that 2010 will prove to be a busy and productive year for real estate in the Charlotte region.
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
What is PMI ? Should buyers place a down payment of less than 20% on their new home purchase, they are required pay for Private Mortgage Insurance (PMI).   Private Mortgage Insurance protects the lender in the event that one doesn't make their mortgage payments.  If the homeowner fails to pay, the bank will foreclose upon the property.  The insurance company will then pay the bank the difference between 20% and the amount actually put down on the property.     For example, if you only put down 5% and default on your mortgage, the insurance company will pay the bank/lender the remaining 15% that you didn't pay initially or over time.   The bank is protected by your required payment for their protection (this is not currently an option in any institution that I am aware of).   If your dow...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
  Debe Maxwell | HELEN ADAMS REALTY | 704.491.3310 3522 Colony Crossing Drive, Charlotte, NC ** SOLD ** Congratulations & Happy Holidays to the new homeowner who closed today on this SouthPark townhome! 2BR/2.5BA Condo   offered at $160,000 Year Built 1981 Sq Footage 1,266 Bedrooms 2 Bathrooms 2 full, 1 partial Floors 2 Parking 2 Uncovered spaces Lot Size Unspecified HOA/Maint $171 per month DESCRIPTION JUST SOLD :: Welcome your new SouthPark Charlotte NC neighbors! LOCATION! LOCATION! PRICE! Location and price are what this townhome offered in Colony Crossing which is just a short walk to SouthPark Mall, Phillips Place, and Morrocroft! Hardwood floors and ceramic tile throughout main, large walk-in closet in master bedroom, open floorplan with 2 beds and 2.5 baths. Private, enclosed p...
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By Jonathan Osman, Charlotte House Hunter Group
(Jonathan and Associates, Inc)
Free First Time Home Buyer Workshop January 6, 2010 at 6pm The Charlotte House Hunter Group Office 2115 Rexford Road, Suite 102 Charlotte NC 28211 Register for this Event With the new year fast approaching, a tradition that the Charlotte House Hunter Group is continuing into the new year is the Smart Home Buyer University series of workshops, which includes our first home buyer workshop. This free seminar is designed help first time home buyers understand the buying process, enable you to ask questions of local real estate professionals, and learn in a group environment. We will be discussing the steps to the home buying process, purchasing a foreclosure property, taking advantage of the $8,000 home buyer tax credit, and home inspections. Seating is limited so register for this event t...
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By Jonathan Osman, Charlotte House Hunter Group
(Jonathan and Associates, Inc)
Charlotte North Carolina Market Update for: Condominium and Townhomes in Uptown Charlotte (Downtown / Center City) MLS Area 99 Map of all the developments covered in Area 99 Data gathered for November 1, 2009 - November 30, 2009 New Listings 45 In comparison to: -27.42% October | +12.5% 2008 | -16.67% 2007 | -51.61% 2006 Pending Sales: 11 In comparison to: -22.43% October | +22.22% 2008 | -35.29% 2007 | -83.82% 2006 Sold Listings: 9 In comparison to: +25% October | +80% 2008 | -50% 2007 | -84.21% 2006 Average Sold Price: $323,278 In comparison to: +47.73% October | -13.09% 2008 | +17.32% 2007 | 5.06% 2006 Median Sales Price: $300,000 (includes any single-family homes that may have closed during November as well as Condos and Townhomes) Average Days on Market until Contract: 79 In compar...
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"Oh... Deck the halls with boughs of holly (picked for free from the yard), fa la la la la, la la, la, la...  ‘Tis the season to (fake) be(ing) jolly, fa la la la la, la la, la, la...  ("Unthankful" Charlotte Business Owner)   "...give thanks in all circumstances..."  (1 Thessalonians 5:18)   "Left a good job in the city Working for the man every night and day And I never lost one minute of sleep Worryin' 'bout the way things might have been" (Proud Mary by Credence Clearwater Revival)   Wow!  It's been a tough year for traditional real estate brokerage.  In Charlotte, the year-over-year statistics for closings and home prices have gone down every month (except this past month when closings were up 1%- woohoo!).  Many of the people who left their jobs to become Realtors and contributed...
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By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
Distressed properties in Uptown Charlotte NC are not going away anytime soon especially with the volatile banking industry right now. That allows buyers to capitalize on the real estate market and get into some fantastic Uptown Condos and Townhomes. It is real important to let your Realtor do his homework and to find out how long certain properties have been on the market to determine if it is worth pursuing. To many times people have found themselves in negotiations and have left with nothing but waisted time. My rule of thumb and some may disagree but to only look at properties that are at least 120-150 days on market. That allows the Realtor who is listing to get all necessary paperwork in order so there will be no surprises. Of course there are many other variables, but do the resea...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Historic Charlotte NC - A Small Segment of Charlotte with a Big History - Dilworth    At the beginning of the Twentieth Century, the fast-growing city of Charlotte had a population of only 18,091.           The first suburbs of Charlotte were formed along the streetcar lines that extended beyond the city.         Historic Dilworth, with its beautiful park, tree-lined streets, beautiful places of worship, expansive mansions and inviting bungalows, was Charlotte’s earliest “suburban” development.          Historic Dilworth boasted not only fine residences, but also a race track, ball park, pavilion, lake and an industrial complex which included textile mills and a foundry.        Today, Dilworth envelopes those visiting or residing there, in tree-lined streets which front beautiful, arch...
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By Claude Cross, Charlotte NC Homes For Sale
(Homes By Cross, Inc. )
Pickin' and grinnin'... How Charlotte Homes For Sale equals a new home town win for you! You want a steal, a deal, or just a good value ? Know the competition. Other buyers are wanting to make a big play, too. In order to meet and successfully conclude a good Charlotte deal...be ready to act. Snooze you lose.  The reality of the offer has got to come into play. Is the offer a Hail Mary pass to just mire the system?,  Are you guessing the seller is in a situation that makes an offer received imminent and acceptable? Not a good play, if your intention is a "win".  Make sure you are informed when placing an offer on Charlotte real estate. Low ball offers rarely get jumped on. If you love to be a predator-buyer and spike home sales like the next conquest on a football field...remember you'l...
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By Debe Maxwell, CRS, The RIGHT CHARLOTTE REALTOR!
(Savvy + Company (704) 491-3310)
Recent reports of increasing foreclosures in the Charlotte NC area, of course, put me immediately in research mode!  I have to consider the affect that foreclosures will have upon my sellers and, as we are all aware, buyers who don't mind rehabilitating property need to be aware of the foreclosure status in Charlotte NC as well.   Spending time and money up front to resurrect a property that has been poorly maintained and perhaps stripped of as much as possible by the former homeowner, is a prerequesite to owning a foreclosure.  Unlike short sales, the foreclosed properties are in far worse condition and that does not even take into consideration the hidden defects that those homeowners obviously have neglected during their ownership.  I still was not convinced that we had as many forec...
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By Chuck Webb
(Wilkinson & Associates)
Eastover neighborhood is located southeast of Uptown Charlotte, just across Providence Road from the neighborhood of Myers Park. The neighborhood consists almost entirely of large, upscale single-family residences, some 550 in number. Though the fine dwellings that once lined Providence Road itself have given way to commercial development, the rest of the Eastover neighborhood retains its well-kept residential character. Cherokee Road forms the neighborhood's backbone, a gently curving thoroughfare that sweeps out from Laurel Avenue near Providence Road and eventually makes its way back to Providence several blocks south. Cherokee Road, parallel Colville Road, and intersecting Eastover Road are the sites of the neighborhood's largest residences. The secondary streets of Biltmore, Scotla...
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By Donna Johnston
(RE/MAX Executive Realty)
OK we all know Charlotte doesn’t suck (but a vacuum does) – Charlotte’s actually thriving and I still can’t think of a better place to live! This week Charlotte got a double (actually triple) dose of awesome community news a bank, a beauty** and a bevy (of appliances): 1) The venerable brand Electrolux is relocating it’s North American headquarters (700 plus jobs) to Charlotte NC! 2) Bank of America is keeping its headquarters in Charlotte **Danica Patrick is in town announcing her NASCAR debut! The most intriguing story is the Electrolux (OK Danica buts let’s stay on topic) relocation. I have long sensed that Charlotte was on the cusp of a more varied business focus – we are more than banks! Hey I’m not knocking the banks but Charlotte is quietly becoming a hotbed of entrepreneurial s...
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By Jonathan Osman, Charlotte House Hunter Group
(Jonathan and Associates, Inc)
As I was working out at the gym, I started scrolling through my Twitter page and rolled across a post by the Charlotte Business Journal announcing that Bank of America had named it's new CEO to replace Ken Lewis.  Cautiously, I scrolled to the next post which said "new CEO says Bank of America will remain in Charlotte."  I have to admit that I was so excited, I nearly fell off the treadmill.   When the Fed orchestrated the shotgun wedding between Wachovia and Citi, it sent a shock wave throughout the nation and it started a firestorm here in Charlotte.  Fearing a failure of Wachovia, the FDIC stepped in and attempted to arrange a sale that failed but led to Wachovia's eventual sale to Wells Fargo.  As one of the Charlotte area's biggest employers, it was feared that many of the jobs wou...
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By Melissa Brown, Realtor - South Charlotte NC Homes for Sale
(Helen Adams Realty)
December 16, 2009 was a great day for hopeful economic news for Charlotte, NC!  Bank of America named Brian Moynihan its new CEO, who immediately affirmed that the nation's largest bank would remain headquartered in Charlotte, NC, and that he would keep his office here.  The Charlotte Chamber of Commerce and other Charlotte leaders immediately hailed the news and applaude B of A's renewed commitment to Charlotte.  After the city lost Wachovia's headquarters in 2008's financial meltdown, the news that Bank of America would remain a Charlotte institution is great news for our local economy, and removes the uncertainty and speculation surrounding the announcement of the replacement of former CEO Ken Lewis. On the same day, Swedish appliance maker, Electrolux, announced plans to move its No...
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By Claude Cross, Charlotte NC Homes For Sale
(Homes By Cross, Inc. )
Electrolux announced today that it has decided to move it's North American headquarters here to Charlotte. This is welcome news as they are purportedly bringing 700 high paying executive positions here. Looks like an early Christmas present for the Charlotte area. Activity on transfers are to begin in the first quarter of 2010 Kevin Scott, president & CEO of Electrolux Major Appliances North America said, "Charlotte is consistently ranked as one of the best cities in which to live and work in the U.S., and it provides great access to road, rail and air transportation. Charlotte is also a center for business, finance and technology, and the educational and housing resources in the area are outstanding, as are the cultural, recreational and sports activities." North Carolina Gov. Beverly ...
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By Carol Fox, Helping You Discover Charlotte's Best Small Towns
(Allen Tate Company 704-905-3935)
What Charlotte NC Home Sellers Can Learn from the 2009 NAR Profile of Home Buyers and Sellers If you are considering selling your Charlotte NC home, you should be interested in the results of the annual survey conducted by the National Association of Realtors (NAR).  NAR surveys home buyers and home sellers every year to gather information about the demographics, housing characteristics and the experience of consumers in the housing market.  In July 2009, NAR mailed an eight page questionnaire to consumers across the country.  Of responses received, 7.9 percent came from the Charlotte NC area.  The statistics that follow are specific to the Charlotte marketplace.  This profile provides important lessons for all Charlotte NC home sellers.   Who purchased Charlotte homes? Forty-five perce...
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By Melissa Brown, Realtor - South Charlotte NC Homes for Sale
(Helen Adams Realty)
The real estate market in Charlotte, NC, continues it's slow but steady emergence from the housing market decline.  Remember, the impact of the national real estate market decline didn't really hit Charlotte, NC until the fall of 2008, so we were behind on the decline, and we are a little behind on the rise.   What does this mean for you?  There has never been a better time to buy a home in Charlotte, NC, than RIGHT NOW.  With interest rates below 5% for qualified buyers, tax incentives for first-time home buyers and now certain re-sale buyers, and a vast inventory of well-priced homes, if you are thinking about buying a home in 2010, NOW is the time.  Don't wait for interest rates to rise, as many economists predict when the overall economy starts to improve.  Don't wait for home price...
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