Hot Properties

This category contains 27 posts
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 […]

Upward trend for high-end house values

Upward trend continues for high-end properties

House values in the Charlotte area posted a healthy 5 percent gain during May, according to the latest S&P CoreLogic Case-Shiller Indices, a national survey of residential sales in 20 major cities. Values in Charlotte rose at about the same rate as the national average, according to the report. S&P says nationwide house values are rising […]

188 Windwood Lane in Troutman for $1.215 million

It looks like more price appreciation this year, next year

Look for above-average home price increases to continue this year and next year. Pat Riley, the president of Allen Tate, says inventory shortages are not going away anytime soon. The historic recession that began in earnest in 2008 decimated the home construction industry with construction workers and contractors disappearing, some never to return. “I don’t […]

104 Barnstable court

Prices still climbing at a healthy rate in Charlotte

The S&P/Case Shiller Home Price Index rose .72 percent nationwide, which is great news, but the news from Charlotte is even better. Reflecting deals that closed in March, the Charlotte index of prices rose .87 percent. The Case Shiller index measures the value of residential real estate in 20 major U.S. metropolitan areas, from Atlanta […]

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