Charlotte, NC| NC Research Campus in Kannapolis Making Progress
July 1st, 2008 Categories: Charlotte News and Politics
The North Carolina Research Campus in Kannapolis, NC
is past the halfway point in construction and the shape is becoming clear to all. The North Carolina Research Campus (NCRC) is the brain child of billionaire David H. Murdock, the CEO of Dole Food Company, and will be one of the premiere bio-research facilities in the nation. Participating universities include Duke, UNC, NC State, UNC Charlotte, and several other universities across the state. The NCRC is a private-public venture meaning that private research companies will also be setting up offices on-site. The NCRC will be focused on discovering new and innovative solutions in the fields of nutrition, health, and biotechnology.
The first section of the campus that is slated to open is the David H. Murdock Research Institute (DHMRI), which will open in mid-2008. The DHMRI is funded through a private grant from Murdock and will focus on health and nutrition studies. The DHMRI will house the world’s first actively shielded 950 MHz NMR, a super-conducting magnet which will allow researchers to delve deeper into health and nutrition studies.
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Charlotte Real Estate|Updates June 23 2008
June 23rd, 2008 Categories: Charlotte News and Politics, Charlotte Real Estate Market Reports
Charlotte Home Inventory in the MLS is Declining
Good news on the Inventory front as Home Sales + Pendings + Conditionals + Contingents + Withdraws far surpassed the New Listings for the week ending June 22, 2008
In the “Greater” Charlotte area, 12 counties covered by the Carolina MLS, for the period 6/16/08-6/22/08, there were:
515 Sold and closed Homes - Average Cost per Square foot was $114
563 Pendings , 124 Conditionals and 33 Contingent
So a total of 693 new Sales in the last week, over 1200 homes subtracted from the 22K +/- Homes for Sale. Remember, this represents re-sales and only counts about 1/3 of the new Home Sales, as many New Homes are sold but not listed in the MLS. (Builders will frequently just “List” their models to get people out) Only 33 were “Contingent” sales, 2.75% of the MLS activity, (demonstrating that the Contingent sale is all but DEAD in Charlotte, something I’ve been telling clients for over a year. Add to it last months decline in Charlotte foreclosures and I’m starting to be encouraged… maybe…
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Two major downtown condo projects are having difficulties- Speculation has the Park entering foreclosure in the next 60 days,(no apparent work for 60 days) and Ghazi and Flaherty Constucruction are entangled in law suits over the Epicenter stalling construction and fighting it out in court. Suits, counter suits and numerous liens have been filed, Flaherty claims the foundations for the 55 story tower are Not as promised… the future is unclear.
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A quick look at Beverly Crest Sales and Appreciation, I ran these figures this morning. In 2007, the sold average cost per square foot for the prior month (5/21-6/22) was $142/sf , and in 2008? Same period, $147/sf, or an increase of 3.5%… demonstrating again the blue chip value of in-close locations.
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As you can see it is a strong buyers market here in the greater Charlotte area.Thinking about moving to Charlotte, Lake Norman, or Waxhaw? To South Charlotte? You can quickly compare area prices with the links below, or just give me, Terry, a call at 704-351-1519. I am a Buyer’s Agent specializing in relocations–and will represent only you. You can also search the entire MLS, by area with the first link below.
Related Links
Home Prices Rise in South Charlotte in First Quarter of 2008
Homes For Sale Report: Berkeley, Providence Arbours, and Providence Country Club
Southpark Charlotte Homes for Sale- Foxcroft, Morrocroft, Barclay Downs
Homes for Sale Report: Beverly Crest, Providence Plantation, and Raintree
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Charlotte Real Estate- Monday Sales Updates and May Foreclosure Report
June 16th, 2008 Categories: Charlotte News and Politics, Real Estate News
Weekly Charlotte Home Sales Activity- June 8- June 14, 2008, wide area CarolinaMLS - “greater” Charlotte area
There were 470 Pending home contracts, and 426 sales contracts closed, another 105 went Conditional awaiting inspections. The average Days on Market for the Closed Sales was 92 days. Median Price: $236,736 Average cost Per SF Sold: $114
Looking for Charlotte golf property? On the course, 5 homes went pending with new contracts and 4 on the golf course homes sold.
Looking for Charlotte Waterfront Property? On the water, 9 homes have new Pending contracts and 9 homes Closed and new homeowners are moving in!
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Mecklenburg County Foreclosures Down in May 2008
Even as national and North Carolina foreclosures rose in May 2008, versus May 2007, Mecklenburg County foreclosures were down 9% reports the Charlotte Business Journal.
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Charlotte NC| Mondays News, June 2- Lynx, Homearama and more
June 2nd, 2008 Categories: Charlotte News and Politics, Real Estate News
Lynx light rail success in Charlotte has attracted statewide attention- is national attention next?
Lynx success is foundational to a new statewide transportation plan with rail at the center– a proposal to create a $1.6B fund that would match local transportation initiatives that has an important backer- former (still very powerful) highway commissioner, Sam Hunt. Interestingly, the 21st Century Transportation proposal came after a visit to Charlotte to get a first hand look at Lynx.
Sometimes called the father of NC Interstate, Hunts endorsement can not be overestimated. It is now one of the most “talked about initiatives in the Assembly… and will be up to the next Assembly to fund,” said the well-regarded Observer associate editor and blogger Jack Betts…we’ll be watching. Could this be an unintended consequence of the vicious anti-rail fight–to raise the visibility of Lynx success? He who laughs last– Ron Tober, former head of CATS and the victim of the maniacal over the top smear, must be smiling widely this morning…
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I received two calls last week about this year’s Homearama. Typically in May and June, this years’s homebulders Homearama is in October… at the Ranch, the new custom equestrian village at the Palisades.
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Politics is in the air–traveling through South Charlotte the last three days with clients and just out and about I counted about 15 Obama yard signs, 3 Hillary signs and just last night, I saw a McCain bumper sticker in the McCormick and Schmick lot at Southpark. North Carolina has been reliably Republican in national elelctions since Jimmy Carter. I think this state is in play with Obama at the head of a Democratic ticket. It would be good for NC to see the campaigns spend time and money here.
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Who knew? The barefoot water skiing champion teaches advanced water skiing on Lake Wylie?
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Did you see the Jetton Park post by guest blogger Kelli Robinson? She writes and lives at the top of Lake Norman in Mooresville. I’ll be adding bloggers to cover different parts of Charlotte- mostly in the Things to Do category, to giving more voices and more perspectives to Charlotte Communities …
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Yesterday I went and saw a matinee of 12 Angry Men at the Blumenthal Performing Arts Center, Belk Theater, in Uptown. It’s basic lesson- don’t be too quick to judge– was not lost on my young adult daughters and was a welcome reminder to my wife and I. Great acting, great show at the Blumentha., 5th and N Tryon. Yesterday was its final day in Charlotte.
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Moving to Charlotte? Considering a Move? Call me, Terry, about these or any other homes in the greater Charlotte area at 704-351-1519 or Search All Charlotte Homes , for that perfect home in Charlotte.
Related Posts
Home Prices Rise in South Charlotte in First Quarter of 2008
Myers Park Homes for Sale- Over $1M
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