Hot Properties
Where the air is thinner, so are the showings
What’s going on in the high-end market? It’s a tale of two cities—Under about $1.1 million vs. over $1.1 million. There were 1,235 total showings for homes priced between $725,000 and just under $1.1 million, according to Angela Standish, sales manager for Allen Tate’s Lake Norman and Davidson offices. For houses priced at just under […]
Charlotte proximity, lake, weather drive market
The S&P/Case-Shiller index shows prices increased 5.4 percent year over year in December 2015 vs. a 5.2 percent increase the month before. A 20-city composite showed a year-over-year gain of 5.7 percent in November and December. Portland led the way with an 11.4 percent year-over-year price increase, followed by San Francisco with 10.3 percent and […]
Helen Adams moving LKN office to Cornelius
Charlotte-based Helen Adams Realty will move its Lake Norman office from Huntersville to Jetton Village in Cornelius, just outside high-end neighborhoods like The Peninsula, Patrick’s Purchase and Shearwater. The new office, some 3,000 square feet, will be within eyesight of Premier Sotheby’s International and some of the luxury agents at Allen Tate’s Lake Norman office […]
One of the largest residential sales in Mecklenburg County in 2015 was in Cornelius.
A 9,866-square foot lakefront home at 16709 Tinker Place sold in December for $3.7 million. Tinker is a small street off Molly Pop Lane, where race driver Denny Hamlin is building a 30,000 square foot house. The three-level, seven-bedroom mansion that sold Dec. 17 was built in 2012. The seller and builder was Jamie Rolewiscz […]
Real estate outlook is stellar, due to in-migration, economy
It looks like home sales and home prices will rise faster than the national average here because of continuing in-migration. Indeed, Charlotte and parts of the South and Midwest will do better than other parts of the country because of affordability and appeal to a younger set of buyers. It all bodes well for the […]
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 […]
