Hot Properties

This category contains 30 posts

Home remodelers hammered by demand

SPECIAL REPORT ​By Kate Stevens. The home renovation business is hot post-recession but labor shortages in the construction and remodeling sector are extending project timetables and driving up costs, according to industry experts. “We just don’t have the crew, the availability of the labor that we once had because so many people let the field […]

18941 Brigadoon

Highest price homes moving fast if updated with latest & greatest

By Kate Stevens. Swank abodes without high-end finishes and fixtures are keeping the supply of $2 million homes at the two-year mark but top real estate brokers say updated homes are selling quickly. And, for the first time since the recession, there is money to be spent. In spite of news about the tiny house […]

893 Craigmont LaneBT

Home prices are still on the rise

Standard & Poor’s survey of home prices in the nation’s 20 largest markets shows a 5.9 percent year-over-year gain. Seattle, Las Vegas and San Diego reported the highest year-over-year gains, ​with ​Seattle l​eading the way with a whopping 13.2 percent year-over-year price increase, followed by Las Vegas at 8.6 percent and San Diego at 7.8 […]

Mansion2sm

If your abode truly is a castle, it takes time to sell

Patience is a virtue when it comes to multimillion-dollar properties. The average DOM for $2 million-plus ​properties in Cornelius is 147, down 11 percent from same time last year. ​Nevertheless, Cornelius has a 9-month supply of inventory priced at more than $2 million, but that’s down 53 percent from this time last year. Spoken in […]

8224_Landing Court

Hot Properties

In Cornelius A lakefront house at 16520 Belle Isle Drive has sold for $1.42 million after being listed by Emily Duke of Ivester Jackson at $1.499 million. The main level has an area of 2,010 square feet while the upper level comprises 2,290 square feet. The five-bedroom, five-bath house has a tax value of $1.14 […]

16520 Belle Isle Dr2

Hot Properties

A lakefront house at 16520 Belle Isle Drive in Cornelius sold for $1.42 million. The selling agent was Sandy Reynolds with ReMax. The land underneath sold for $196,000 in 1996   A lakefront home down Jetton Road has sold for $1.45 million after being listed at $1.5 million by Dixie Dean of Allen Tate. The […]

Fish-1_750

Milllion-dollar homes continue to sell

In Cornelius A 7,000 square foot lakefront home at 15536 Fisherman’s Rest Ct. in The Peninsula has sold for $1.175 million. The house has two master suites, as well as heated floors in the baths, a three-car garage and a deeded boat slip. Sandy Reynolds with ReMax Executive in Cornelius represented the sellers, while Bill […]

18810 Halyard Pointe Lane in Cornelius sold for $2,425,000

​Race driver Mark Martin sells home for $2.425 million

​Mark Martin​, one of the biggest names ​i​n NASCAR, ​has sold his house in The Peninsula for $2.425 million. ​The lakefront home, on Halyard Pointe Lane, was on the market a little lover three months. The house has walls of windows over looking 190 feet of shoreline. Inside are state-of the-art automation, artisan millwork, a […]

18502 Green Knoll Trace in River Run has sold for $890,000

2017 looks like more of the same: Tight inventories, rising prices

Residential resale prices are up 5.6 percent year over year in Charlotte, a little less than the national average, but a strong showing nevertheless. Charlotte has traditionally seen more moderation around highs and lows than cities like San Francisco or Miami. The national average for December 2016 over December 2015 was 5.8 percent. According to […]

21324 Olde Quarry Lane in Cornelius sold for $775,000

Baby Boomers at root of move-up bottleneck

Curious what the Baby Boomers have been up to? Not much, when it comes to their homes. Baby Boomers are laying low and staying put, many in homes they have lived in for more than a decade. Because Baby Boomers are healthier and living longer lives, they are choosing to downsize much later than previous […]

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