Charlotte Real Estate
October 25th, 2009 Categories: Buy A Charlotte Home, Charlotte Homes for Sale
Charlotte Real Estate|Charlotte Homes For Sale
How do you like our generally new look? Please check out the Charlotte Relocation link, to see the familiar relocation links for jobs, taxes etc. We’ve added the home search in the right column, and did some house cleaning.
Here are someof my favorite recent posts: to get you
A Charlotte First home buyer (cute one!) Says “Show Me the Money!”
Charlotte New Homes- first home buyer inventory
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Call us to get you started, still just enough time for for first home buyers. 704-351-1519
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Charlotte Weekend Update| Things To Do, Business and Real Estate Notes
June 5th, 2009 Categories: About Charlotte, Charlotte Homes for Sale
Fun things to do this weekend in Charlotte, June 5-7
It’s a busy weekend in Charlotte, a few of the highlights:
Krispy Kreme offers a free doughnut today, no purchase required!That’s a stimulus!
Taste of Charlotte- a quick culinary tour of Charlotte, 6/5-6/7
Gallery crawls: Both NoDa and Historic South End have gallery crawls Friday. The NoDa crawl features Free Music Friday at the Evening Muse.
Charlotte Shakespeare Festival continues (this weekend and next) with multiple performances of Twelfth Night.
A WWII Encampment at Charlotte Museum of History Saturday, June 6, honoring the 65th anniversary of D-Day
Imaginon- daily events, mostly free, take the train in or free parking underground, engaging activities for pre-schoolers to teens
visit my friend at Charlotteonthcheap.com for more
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Business Notes from Charlotte NC
North Carolina announced that Apple computer will invest $1Billion in North Carolina and will, in all likelihood, be in one of the economically hard pressed counties (Cleveland and Caldwell mentioned most often) within 50-70 miles of Charlotte. Their “East Coast Data Center” will employ about 50 skilled workers, however economic spinoff is expected to be much higher. Google already operates a similar center in Caldwell County North Carolina, since 2006.
Ethan Allen announced the addition of 302 new jobs at it’s Maiden plant, an investment that will ake 3 years to fully realize. Good news for our furniture industry.
Mortgage Lenders are hiring! Despite the recent interest rate uptick, new purchases are driving the process! yea!
Mecklenburg County foreclosures are up, way up over 2008. For the year, a 30% increase over 2008 through May.
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Real Estate Notes
Pending Home sales rose 6.4% in May, generally a good sign. However, I fear it is on the backs of increased foreclosures and dirt cheap houses. Pending sales fell in the South .2% even as Charlotte fared better.
Here is a very cool Charlotte New Home tool if you want to search exclusively for new homes: From Lake Norman to Fort Mill, Waxhaw to Huntersville, if its new, its here.
Charlotte New Homes
In addition, new pages have been added at TerryMcDonald Real Estate.com, including pages for Matthews Homes and Waxhaw-Weddington Homes which will help families relocating to Charlotte look at these areas more closely.
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Skilled Buyer Agents and Smart Buyers make great Deals happen! We are skilled! Call the McDonald Team at 704-351-1519 for your Charlotte Real estate needs.
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Charlotte Weekend RoundUp- It is All About Speed!!!
May 22nd, 2009 Categories: About Charlotte, Charlotte Homes for Sale
Charlotte, NC. What’s your speed this weekend?
Are you in the mood for speed? The culmination of Race Week brings the Coca-Cola 600 to Lowe’s Motor Speedway. When the race isn’t going on you can still get into the racing spirit at Food Lion Speed Street in uptown Charlotte. Featuring live music, kids’ activities, and plenty of freebies, it’s an event all on its own. A new event, SpeedCentre, brings Race Week to Uptown’s newest entertainment spot, EpiCentre.
Want to enjoy a slightly slower pace? On Saturday, check out the Mint Hill Highland Games. There’s still a spirit of competition, but it’s between sheepdogs. Enjoy Celtic music craft items, and even learn the history of your family name.
Still not slow-paced enough? Get away from it all with a free forest walk, lead by a naturalist, in McDowell Nature Preserve, at 1:30PM Saturday.
Charlotte Real Estate?
A busy weekend with 3 buyers in town, 2 physicians moving to Charlotte to 1) improve their practices and 2) improve their lifestyles. Lower insurance rates, fewer HMO’s and the Carolinas lower taxes are appealing!
Seeing Waterfront at Lake Norman at 2003 -2004 prices!
Great home, convenient to I 77 in Mooresville, good water front, 4000 sf +, 4 bedroom, 3.5 bath home, granite, trex deck and 12000 lb boatlift! $549,900Â Lets go buy this one this weekend!
Like a genuine $1.3M home for under 800K in Union County??? I think we ould do it, visit here.
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Skilled Buyer Agent and Smart Customers Make Great Deals Happen 704-351-1519
This week’s event lineup courtesy of CharlotteOnThe Cheap. Thanks Jody
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Matthews NC| Homes Sold, Homes For Sale, First Home Buyers
May 13th, 2009 Categories: Charlotte Homes for Sale, Matthews
| Quick Search Charlotte Homes | Charlotte Condos and Townhomes |
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Matthews, NC, one of south Charlotte’s favorite communities blends a small town feel downtown featuring historic Renfrew Hardware, a farmers market and the festivals at Stumptown Park… with the modern conveniences of Costco, Target, Lowe’s, Home Depot, the fantastic Siskey YMCA, the Matthews Senior center and more. It doesn’t hurt that it has some of the highest rated schools in CMS, a terrific library, and you can buy a home with a suburban or a rural feel to it.
It is just a click away if at any time you would like to Search Matthews Homes for Sale
We define first home buyers as buyers buying homes below $250,000. Since there is no real time way to measure who is or isn’t a first home buyer, this is completely arbitrary. We know that not all are first time home buyers, and some first home buyers buy above $250,000, but it seems a good cut off, that should average out over time- we continue to research it… by this measure
there were 22 Matthews home sales, or 45% of all purchasers were first home buyers taking advantage of those $8000 tax credits.
Matthews Homes Sold Since April 1
There have been 48 Matthews homes sold from $75,000 to over $800,000, the distribution looks like this:
There were 19 Matthews homes sold for below $200,000
There were 7Â Matthews homes sold for less than $300,000, but more than $200K
There were 8 Mathews Homes sold for less than $400,00, but more than $300K
There were 8 Matthews Homes sold for less than $500,000, but more than $400,000
There were 6 homes sold for over $500,000
The median cost per sf was $91.00, and it ranged from $49 to $173/sf, making Matthews one of the best values in Charlotte. One quarter of the homes sold were Ranch style, and just about 10% had basements. 48% had amenities- pools and clubhouses, recreation areas for children, walking path’s etc.
The big sellers by subdivision? Brookhaven was clearly #1 with 9 sales, the next best was 3 sales each at Callonwood and Emerald Lake. Â Back to Brookhaven, the cost per square foot ranged broadly from $94/sf to $173/sf, this reflects the different styles and price points within Brookhaven, which combined with its suberp amenities, make it a very popular community indeed. The median cost per sf was $120.00.
Sold Cost per sf’s vary widely based on lot size and quality, home features and condition, street location, and a seller’s need to sell, as well as other factors.
Buy a Matthews Home with the McDonald Team and receive a $500 Gift Card to Pottery Barn or Lowe’s within 48 hours of closing! SEARCH Matthews homes
Matthews Homes For Sale
There are 518 Matthew Homes for Sale on May 13, 2009, represent about a 10 month supply based on April’s Homes sold. A strong buyer’s market? Yes. A crazy buyer’s market, hardly, as many parts of the nation face years of inventory, and matthews enjoys one of the lowest foreclosure rates in North Carolina.  Still, there are great deals to be had!
There are 203 “first home buyer” homes for sale, for under $250,000, about an 8 month supply.
There are 379 homes for sale for under $400,000, about the same 10 month supply.
There are 55 homes for sale fore more than $500,000, but less than $1M, and 13 homes for sale above $1M
Related links:
The Siskey YMCA– not your Northern Y! truly a community focal point
More on Brookhaven
Charlotte and Matthews Schools, all a part of CMS
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Skilled Buyer Agents make great deals happen… we will save you time, and in almost every case, money! Do you know how the Federal Tax credits work? Call me Today, at 704-351-1519, or visit this simple (no 3rd degree) signup page for more information.
We have a special program for First Home Buyers…Â Details here
Like to search for homes, on Charlotte’s easiest most complete search site? See over 20,000 homes from the Charlotte MLS
Like to see more of Matthews in Pictures? One of 45 galleries from around Charlotte, 3000 Pictures plus
Meet Terry, Terry’s Team and sign up to Search for homes at Charlotte Real Estate
Follow TerryMcDonald on Facebook or on Twitter at @TerryMcDonaldRE
Search for Matthews Homes
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South Charlotte Ballantyne in 28277- Homes For Sale
April 1st, 2009 Categories: Charlotte Homes for Sale, Community Reports
Homes Sold, Homes for Sale, 1st Quarter Market Report: Ballantyne
Ballantyne, Ballantyne Country Club and Ballantyne Resort fill the center of the rapidly growing Ballantyne area- home to great restaurants, a large business district, and convenient to the rest of south Charlotte. I went to a meeting there today and in the center court of 3 mid-sized buildings, was a putting green. Perfect.
The median Sold cost per square foot on the 8 homes was $154.00. Ballantyne has several sub markets- on the golf course gets a premium of course.
| Total Bedrooms | Total Baths | Street Name | Total HLA Range | Original List Date | Listing Date | List Price | Sales Price | Cost /sf | %Sale/List |
| 5 | 6 | Ney Manor | 6733 | 02/20/2009 | 02/20/2009 | 1099000 | 900000 | 133.67 | 81.89 |
| 4 | 5 | James Jack | 4451 | 01/03/2009 | 01/03/2009 | 699900 | 646000 | 145.14 | 92.3 |
| 5 | 4 | Ballantyne Crossing | 3791 | 10/01/2008 | 10/01/2008 | 599900 | 572450 | 151 | 95.42 |
| 4 | 5 | Jockeys Ridge | 4267 | 10/15/2008 | 10/15/2008 | 698000 | 660000 | 154.68 | 94.56 |
| 5 | 6 | McCullers | 7010 | 03/28/2008 | 03/28/2008 | 1499000 | 1240000 | 176.89 | 82.72 |
| 5 | 4 | Ballantyne Crossing | 5288 | 10/27/2008 | 10/27/2008 | 1039500 | 955500 | 180.69 | 91.92 |
| 5 | 6 | Catherines Mine | 5300 | 11/12/2008 | 11/12/2008 | 1149500 | 1100000 | 207.55 | 95.69 |
Ballantyne Homes For Sale
In the 1st quarter, 41 new listings came on the market, bringing to a total to 57 homes for sale, from $514,900 to $3.2M, of these:
There were 18 homes for sale for under $750,000
There were 21 homes for sale for under $1M, but more than $750K
There were 18 homes for sale for over$1M, and 6 homes are listed above $1.5M
Absorption numbers don’t make too much sense because January and February are such low sales months normally. Obviously it is a strong buyers market.
Home Prices show Strength in Ballantyne
Homes sold were off 30%, prices 1% comparing 1st quarter 2009 to 1st quarter 2008.
Average cost per square foot sold in 2008, was $205.00. In 2009, it was $203. Minor.
This report is a simple summary of the comprehensive price analysis provided to our clients. Knowledge is power and a great strength in any negotiation. This is what I bring to bear in negotiations for our clients.
Skilled Buyer Agents make great deals happen.
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New to Charlotte? See the #1 Video on You Tube for Charlotte NC
Meet Terry, Terry’s Team and sign up to Search for homes at Charlotte Real Estate
Follow TerryMcDonald on Facebook or on Twitter at @TerryMcDonaldRE
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Charlotte NC: The Healthiest Housing Markets for 2009 Charlotte 13th
February 19th, 2009 Categories: About Charlotte, Buy A Charlotte Home, Charlotte Homes for Sale, Lake Norman Real Estate, South Charlotte, Union County, University City, mortgages
from Builder Magazine, about Charlotte NC. Things are tough here too, but we are buying and selling homes! It is of course a strong buyers market.
Builder, in conjunction with Hanley Wood Market Intelligence, debuts its metric for determining markets with the best and least potential.
by
Boyce Thompson
With most economists and builders expecting a national market decline this year, this may not seem like the best time to be selecting the “healthiest” markets in the country. Virtually every market was down last year. But a close look at the numbers reveals that some markets have way outperformed others during the last four years and are likely to continue to do so this year.
13. Charlotte, N.C.
2008 total building permits: 12,231
People and businesses must love Charlotte, because they are moving there at a high rate. The metro area of 1.74 million has grown its residents by 4 percent annually over the last five years, one of the highest rates in the country. They are drawn by relatively affordable housing for the east coast—median home prices are only $210,900, and they’ve only “corrected” downward by only 4.2 percent in the last year. A strong fourth quarter helped Charlotte record 12,231 permits last year, only a 44 percent decline since 2005. Charlotte’s strength relative to other markets led the investment banking firm UBS to predict last year that it would be one of the first markets to recover from the housing downturn. Charlotte is still a single-family market, with 62 percent of the residential activity in stand-alone homes. The job market in this banking hub contracted last year, after growing 3 to 5 percent annually the previous three years
When the housing market stages its official recovery, the markets listed on the following pages are likely to lead the parade. …The healthiest markets have many things in common. Most of them are great places to live… Most of them didn’t have a huge run-up in prices during the boom and aren’t experiencing rampant deflation during the bust.
To compile these lists, we analyzed the top 75 housing markets in the country. We ranked them based on population trends and job growth, perennial drivers of housing demand. We also examined what’s happened with home prices; many of the healthiest markets have managed to hold the line on home values. And finally, we considered the rate building permits, which may be the single best ongoing indicator of builder confidence in a market.
Builder Magazine,the full story
Most of the cities in the top ten are in Texas, and other similar markets that didn’t have th high run up in pricres found in Flordia, California, Nevada and Arizona. My 2009 Charlotte Real Estate Market forecast
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Moving to the Charlotte Area? South Charlotte, Waxhaw, Lake Norman, Fort Mill Perhaps? Your first Charlotte home?
I am a Charlotte real estate broker specializing in relocations, 2nd homes and first time home buyers–buying and selling
real estate of all kinds- and will represent only you. My team works with Buyers and Sellers every day from Ballantyne to Lake Norman -and Fort Mill SC too. We work with all relocation companies. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not, and where the deals are. I represented Buyers in the largest foreclosure sale in Charlotte in 2008. And I helped a handful of first time home buyers. I was the Top Agent in 2008 in our 800 + Agent firm, and won an award for customer satisfaction in 2008. We are flexible and at your service.
We are working to help you “buy smart” in Charlotte, and to make your relocation easier and less stressful.
If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry
Charlotte NC Charlotte Relocation Guide Charlotte Real Estate Charlotte Luxury Homes
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Charlotte Real Estate Market Report 2008 A Look Forward to 2009
January 23rd, 2009 Categories: Buy A Charlotte Home, Charlotte Homes for Sale, FAQs About Charlotte
We have a new President but the US economic news is, not surprisingly, still grim. The nation’s housing is in its 2nd year of pain, falling prices, increasing foreclosures, sub-prime and the Alt A fiasco still unwinding- and more recently, disturbing increase of unemployed workers. The new President and Congress are likely to pass a massive economic stimulus- historic in size, up to 1 Trillion Dollars designed to put Americans back to work.  These are momentous times in the US, what does this mean for Charlotte, NC? What does it mean
 to home buyers and sellers in Charlotte NC?Â
Last night cruising through some cable channels I came across the entertaining Jim (Bet the house on Wachovia) Cramer on the Chris Matthews show, and he breathlessly told Matthews that nationally home prices “had to fall another 20%.” Well No Jim- perhaps in 4 states prices need to fall by another 20%,
but in 66% of the 381 major US Markets, prices have a “Low” or “Minimal” chance of falling prices in the next 2 years, according to the just released US Market Index by PMI.
Trying to simplify the story into sound bites, Jim, like almost all the other national news outlets are screwing up the housing story. Why? Because there is no one “housing market” there are hundreds of markets in the US. PMI measures 381 MSA’s each quarter. First a look back at 2008, then I’ll jump in to the PMI Market Risk Report by PMI, the company who puts their money where their mouth is.
Charlotte Real Estate Market Report 2008
In the 15 County area covered by the Carolina Multiple Listing Service (CMLS) there were:
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