Hot Properties
New valuations: Ringing in the new year with a loud gong
Jan. 9. By Dave Yochum. The go-go housing market has been great news for sellers in Lake Norman for years. But now, for owners, the tax man cometh. Quickly appreciating values, up 5 percent from October of 2017 to October of 2018, according to Case-Shiller, will be reflected in new valuations coming from Mecklenburg County […]
Beautiful home on Belle Isle Drive sells for $1.25 million
This house at 17101 Belle Isle Drive in Cornelius sold for $1.25 million after almost three months on the market. Sandy Reynolds with ReMax Executive had the waterfront listing. Brian Fisher with Keller Williams represented the buyers.
Exquisite estate on Lake Norman on market for $5.9 million
Picture a perfectly gorgeous 12,000-square-foot lakefront home on two private acres in The Point. The house, at 127 Thurstons Way, was listed at $7.95 million in 2015, and reduced to $7.45 million in 2016. It’s been re-listed at $5.9 million with Victor and Amy Petrenko of Premier Sotheby’s International. The back story is interesting. With […]
Charlotte home prices are on the up and up, but how long?
Like the Energizer Bunny, the upward trajectory of Charlotte home prices keeps on going. Year-over-year, prices rose 5.7 percent in Charlotte from June of 2017 to June of this year. It’s slightly less than the 20-city composite average of 6.3 percent, according to Case-Shiller, the S&P Dow Jones index for home prices. Charlotte’s year-over-year came […]
Luxury real estate, defined
Aug. 21. A standing-room only discussion of Charlotte’s luxury housing market by the top brass at Allen Tate Co. suggests the demand for million-dollar houses will keep growing. More private wealth is hitting the real estate markets with many multimillion-dollar properties being purchased for cash. Here are some takeaways from the presentation at The Peninsula […]
CLT home appreciation about the same as inflation over long-term
By Dave Yochum. David Blitzer, the managing director and chair of the Index Committee at S&P Dow Jones Indices, says the Charlotte housing market will continue to benefit from net in-migration. “You are picking up a fair amount of higher-end employment,” he said in an exclusive interview with Business Today. It likely means slow but […]
Home prices continue their upward climb in Charlotte
July 10. By Dave Yochum. Home-price gains moderated just a little in April, a sign that the hot, hot market for mid-priced homes may be one-word hot, thanks (or no thanks) to rising mortgage rates.A new Case-Shiller report says Charlotte home prices rose .8 percent April over March, vs. 1 percent March over February. […]
Luxury brokerage opens offices in Davidson
Mitchell Prime Properties, a luxury real estate broker based in Winston-Salem, is opening offices in Davidson at 707 Peninsula Drive. It’s one sign that the luxury market around Lake Norman is getting more competitive and more recognition across the Carolinas. “Charlotte’s huge presence in the banking sector and proximity to a genuine international airport is […]
Hot Properties: Prices rose 5.9% last year, more gains ahead
According to the new December Case Shiller Home Price Index, single-family home prices rose by 6.3 percent in 2017 with Seattle and Las Vegas leading the way. Seattle prices rose at a shocking 12.7 percent last year; Las Vegas, 11.1 percent. Charlotte prices rose at the rate of 5.9 percent last year, which is just […]
Hot Properties: To gate or not to gate, that is the question
By Dave Vieser. What’s best? Connectivity or swank, gated communities? That question is surfacing as traffic worsens near older developments and smaller, high-priced infill projects pop up. Many municipalities established partial or full prohibitions on gated communities—even though the streets are on private property—preferring instead to promote connectivity. Now, at least one municipality is taking […]
