Hot Properties
High-end market has differences across price ranges
Home prices are still climbing in the Golden Crescent, but selling a swanky abode always was and always will be best left to the pros. For one thing, it takes stamina to sell homes that cost six, 10, even 20 times the cost of the average North Carolina home. Abigail Jennings, president of Lake Norman […]
Standout properties shine spotlight on Lake Norman, Cabarrus
Some of the costliest homes in the Golden Crescent are either on the market, or have recently sold. Trump Realty has the highest price listing, an 11,574 square foot lakefront house on Thurstons Way in The Point in Mooresville. Asking price: $7.95 million. In Mount Pleasant, a stately 10,965 square foot house is on the […]
Baby Boomers provide a boost to home sales
Baby Boomers, who are accustomed to the world around them changing to meet the size of their demographic as well as their tastes, are changing the products homebuilders are building. Wells Fargo economist Mark Vitner says Charlotte has seen a huge influx of young people and Baby Boomers. “Charlotte was not thought of 10-15 years […]
Realtor forecasts LKN future with $10 million estates
There were 170 home sales pending valued at more than $500,000 in June, a 10-year-high. The market is hot enough for a new trend: Multiple tear-downs for larger estates as lakefront properties in Cornelius and Mooresville once again approach 2008 peak Properties in both Cornelius and Mooresville once again began to approach 2008’s peak lot […]
No sign of a slow-down in high-end residential market
The economy is good enough that even lenders are loosening up. Appetites for mortgages over $500,000 are back at levels not seen since the downturn, and more small banks and investor funds are looking for a piece of the action. Nationally, home prices were up 4.2 percent from April of last year to April of […]
Home prices strengthen; what a difference a view makes
High-end home prices in Denver are benefitting from “much-improved highway access to Charlotte. “The Denver area with it’s newly widened highway and improving amenities has posted five straight quarters that exceeded the comparable prior-year quarter,” says Reed Jackson, managing partner of Ivester-Jackson Distinctive Properties in Cornelius. A major change in this year’s luxury home sales […]
No housing bubble anywhere in sight
The Charlotte housing market is hot compared to other markets around the country. While the numbers regionally are strong, close-in neighborhoods and those with amenities like greenways and access to rail are the hottest, according to economists and Realtors. The high-end suburbs, where supply is limited, is strong too. “Median sales prices are holding steady […]
Market over $2 million is as hot as it was back in 2006-07
Not that everybody can participate, but it looks like the market for homes priced over $2 million is about as hot as it was before the Great Recession. Last year there were 21 deals valued at $2 million-plus in Lake Norman, compared to only nine such big deals in 2012, according to Reed Jackson, managing […]
High-price lots are selling as tear-down market heats up
High-price lots are moving fast as high-end buyers look for exactly the right spot to build their dream houses. One lakefront lot in Cornelius—actually two parcels that will be sold as one—is apparently ready to break the $2 million barrier. The property at 20205 Lola Circle is listed at $2.35 million with Lee Ann Miller […]
Hot Properties: It may be cold outside, but real estate looks hot in 2015
By Dave Yochum. While real estate activity nationally fell or flattened out in 2014 after a strong comeback in 2013, Golden Crescent residential real estate, particularly high-end properties, is still hot. For one thing, tear-downs are up. It’s an indication that in densely developed submarkets like Lake Norman, property is scarce. In 2014, there were multiple […]
