Hot Properties

This category contains 36 posts

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 […]

15615 June Washam

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 […]

Gates_online

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 […]

18906 Halyard Pointe_Ln

Hot Properties: February 2018

In Cornelius A lakefront home at 18906 Halyard Pointe Lane in The Peninsula has sold for $1.68 million after being listed at $1.725 million by Lori Jackson at Ivester Jackson Properties. The 5,483 square foot home, which was on the market 173 days, has been extensively updated. Assessed at $1.21 million, the house has two […]

223 Mayfair Road

Hot Properties: January 2018

In Cornelius A golf course home at 18300 Invergordon Lane in The Peninsula has sold for $654,000 after being listed at $685,000 by Dixie Dean of Allen Tate/Lake Norman two months ago. Assessed at $453,000, the four-bedroom house has a total of 3,130 square feet of space, with exceptional views of the course, front and […]

17031_Belle_Isle_Drive3b

Housing market keeps sizzling, mirroring national trend

New data from S&P Dow Jones show that the upward climb in housing prices is continuing unabated in most markets, including Charlotte, where prices are up 6.2 percent year over year. S&P’s Case-Shiller Indices, the leading measure of U.S. home prices, show Seattle led the way with a 12.9 percent year-over-year price increase. Charlotte came […]

Home remodelers hammered by demand

SPECIAL REPORT ​By Kate Stevens. The home renovation business is hot post-recession but labor shortages in the construction and remodeling sector are extending project timetables and driving up costs, according to industry experts. “We just don’t have the crew, the availability of the labor that we once had because so many people let the field […]

18941 Brigadoon

Highest price homes moving fast if updated with latest & greatest

By Kate Stevens. Swank abodes without high-end finishes and fixtures are keeping the supply of $2 million homes at the two-year mark but top real estate brokers say updated homes are selling quickly. And, for the first time since the recession, there is money to be spent. In spite of news about the tiny house […]

893 Craigmont LaneBT

Home prices are still on the rise

Standard & Poor’s survey of home prices in the nation’s 20 largest markets shows a 5.9 percent year-over-year gain. Seattle, Las Vegas and San Diego reported the highest year-over-year gains, ​with ​Seattle l​eading the way with a whopping 13.2 percent year-over-year price increase, followed by Las Vegas at 8.6 percent and San Diego at 7.8 […]

Mansion2sm

If your abode truly is a castle, it takes time to sell

Patience is a virtue when it comes to multimillion-dollar properties. The average DOM for $2 million-plus ​properties in Cornelius is 147, down 11 percent from same time last year. ​Nevertheless, Cornelius has a 9-month supply of inventory priced at more than $2 million, but that’s down 53 percent from this time last year. Spoken in […]

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