Hot Properties
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 leading 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 […]
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 […]
Hot Properties
In Cornelius A lakefront house at 16520 Belle Isle Drive has sold for $1.42 million after being listed by Emily Duke of Ivester Jackson at $1.499 million. The main level has an area of 2,010 square feet while the upper level comprises 2,290 square feet. The five-bedroom, five-bath house has a tax value of $1.14 […]
Hot Properties
A lakefront house at 16520 Belle Isle Drive in Cornelius sold for $1.42 million. The selling agent was Sandy Reynolds with ReMax. The land underneath sold for $196,000 in 1996 A lakefront home down Jetton Road has sold for $1.45 million after being listed at $1.5 million by Dixie Dean of Allen Tate. The […]
Milllion-dollar homes continue to sell
In Cornelius A 7,000 square foot lakefront home at 15536 Fisherman’s Rest Ct. in The Peninsula has sold for $1.175 million. The house has two master suites, as well as heated floors in the baths, a three-car garage and a deeded boat slip. Sandy Reynolds with ReMax Executive in Cornelius represented the sellers, while Bill […]
Race driver Mark Martin sells home for $2.425 million
Mark Martin, one of the biggest names in NASCAR, has sold his house in The Peninsula for $2.425 million. The lakefront home, on Halyard Pointe Lane, was on the market a little lover three months. The house has walls of windows over looking 190 feet of shoreline. Inside are state-of the-art automation, artisan millwork, a […]
2017 looks like more of the same: Tight inventories, rising prices
Residential resale prices are up 5.6 percent year over year in Charlotte, a little less than the national average, but a strong showing nevertheless. Charlotte has traditionally seen more moderation around highs and lows than cities like San Francisco or Miami. The national average for December 2016 over December 2015 was 5.8 percent. According to […]
Baby Boomers at root of move-up bottleneck
Curious what the Baby Boomers have been up to? Not much, when it comes to their homes. Baby Boomers are laying low and staying put, many in homes they have lived in for more than a decade. Because Baby Boomers are healthier and living longer lives, they are choosing to downsize much later than previous […]
Upward trend continues for high-end properties
House values in the Charlotte area posted a healthy 5 percent gain during May, according to the latest S&P CoreLogic Case-Shiller Indices, a national survey of residential sales in 20 major cities. Values in Charlotte rose at about the same rate as the national average, according to the report. S&P says nationwide house values are rising […]
It looks like more price appreciation this year, next year
Look for above-average home price increases to continue this year and next year. Pat Riley, the president of Allen Tate, says inventory shortages are not going away anytime soon. The historic recession that began in earnest in 2008 decimated the home construction industry with construction workers and contractors disappearing, some never to return. “I don’t […]
