Category: Charlotte

12 Aug 2010

Home Prices: Where Do I Price My Home Now?

Now, more than ever, pricing your home correctly is extremely important. In fact, pricing often ranks #1 in importance followed closely by location and condition of the home. So, how do you determine pricing? Let’s take a look…

In July, the List Price to Sales Price ratio fell year over year to 88%. Many misread this statistic and thought that they needed to list their home 10% above fair market value to get fair market value. Actually, the opposite is true…

From July 2003 to July 2007, the average List Price to Sales Price was 95%-97%. As the economy turned and the market supply increased, the list price to sales price ratio declined dramatically to 89% in July 2009 and then to 88% in July 2010. Several factors could be responsible for this average statistical change:

From July 2003 to July 2007, the average List Price to Sales Price was 95%-97%. As the economy turned and the market supply increased, the list price to sales price ratio declined dramatically to 89% in July 2009 and then to 88% in July 2010. Several factors could be responsible for this average statistical change:

5 Aug 2010

What Do Foreclosures Mean For You?

In recent months, foreclosure has become a buzz word within the real estate world. So, what effect does the foreclosure crisis have on you?

The North and South Carolina markets have been hit hard with foreclosures.  Mecklenburg County has the highest number of foreclosures in North Carolina and Charleston County ranks #1 in South Carolina.  The good news is that a modest recovery may be seen in many markets with in the next two years. In fact, I expect to see a modest appreciation in the North and South Carolina housing values over the next two years.

22 Jul 2010

Music and Memories at Verizon Wireless Ampitheatre

The fourth of July may have been a few weeks ago yet we still tend to think of the entire month as one during which we celebrate and remember our troops and veterans. Being the lyrical lover that I am, I can think of no better way to honor someone than through a piece of music.

Recently, I had the immense pleasure of attending a concert at the Verizon Wireless Ampitheatre in the University Area of Charlotte, NC. The concert featured Southern stars including James Otto, Trace Atkins and Toby Keith.  For those who have experienced a concert at Verizon Ampitheatre you already know about the magical atmosphere that this outdoor venue offers its patrons.

19 Jul 2010

What Baseball Can Teach Us about Real Estate

The Carolinas are rich in baseball lore.

South Carolina produced major league standouts like Camden’s Larry Doby and Anderson’s Jim Rice. North Carolina brought us Williamston’s Gaylord Perry, Hertford’s Catfish Hunter, and Raleigh’s Josh Hamilton. And while the Carolinas do not have a major league baseball team (yet), minor league teams such as the Durham Bulls, Charlotte Knights, Carolina Mudcats, Burlington Royals, Greensboro Grasshoppers, and Winston-Salem Dash keep the game relevant and thriving.

16 Jul 2010

America’s Top States for Business: North Carolina in Top 5

More good news was released this week discussing the bright future of North Carolina.  After a two year absence, North Carolina was ranked #4 in CNBC’s 2010 Edition of “America’s Top States for Business.”

So, what does that tell us?

We know that folks are retiring here. We know for a fact that the population is growing organically.  We know the state of North Carolina, through its state university systems and private universities, is attracting bright young talent.  We know that young people who go away to school return back here to build a career and start a family.  We know that folks seeking a second career are migrating here to retool and regenerate.  We know that career professionals who are self employed, and need an international airport, choose us for their landing pad.

8 Jul 2010

5 “Insider Secrets” for Charlotte’s Myers Park

When my clients first move to Charlotte, they typically ask for utility provider information and the numbers of my hairstylist, dentist and doctors. As soon as they start getting settled, I get calls for paint color ideas, where to find unique lighting fixtures, where to buy outdoor furniture… the list goes on.

I love getting these calls because I know how hard it is to find out what the insiders already know. In fact, it has taken me 14 years of living in Charlotte to discover these “Insider Secrets” myself. I hope you enjoy them as much as I do!

16 Jun 2010

It’s All About the Arts

The importance of the arts, be it concerts, museums, dance, visual arts or theater, is undeniable. The arts teach us about a region’s history and more importantly enriches the lives of those who live there. Oftentimes, when individuals or families are moving to a new region, an important factor that they consider is a strong prevalence of the arts.

North Carolina is filled with cities that offer countless opportunities to engage with the arts, the city of Charlotte being no exception. I’m a concert junkie and recently I had the chance to attend two great concerts in Charlotte.

The first was The Oak Ridge Boys, held in uptown Charlotte at the Belk Theater in North Carolina’s Blumenthal Performing Arts Center.  Ok, so it may not be everyone’s taste in music but even my husband, who wasn’t so sure about going, enjoyed the music.  From the suburbs of Charlotte, it took us 30 minutes to drive uptown, park a block and a half away for free, yes free since it was after 6 pm, and walk to our venue.  What other large city (Charlotte is the 21st largest in the US) offers such convenience?!

14 Jun 2010

What’s Up with the Upper End Market?

There has been a lot of conversation recently about the first time homebuyer’s tax credit and its effects on the market. But what about the upper end of the market, specifically homes priced at $750,000 and above?

To understand the current status, we need to review what impacts buyers and sellers in this part of the market:

  • Ability to get mortgages
  • Inventory of homes on the market
  • Consumer confidence

While the same 3 factors affect all buyers and sellers regardless of price point these trends affect the high-end buyer a little differently. Let’s take a look at how this group specifically has been affected.

11 Jun 2010

The Spirit Rides On!

On May 20, 1775, British oppression reached a boiling point and the Scots-Irish drafted the Mecklenburg Declaration of Independence. This May, a statue of Captain Jack was erected in Charlotte, NC in honor of the brave citizens who delivered the Declaration one full year prior to the Philadelphia signing.

North Carolina stirred the pot.   Cornwallis called us “A Hornet’s Nest.”

Independence has been the cornerstone of America.  In residential housing, independents are still the driving force.  Contrary to what one might think, there is no national real estate company.  Yes, there are brands that folks may identify as such, but with those franchise brands, there is a required disclosure: “Each office is independently owned and operated.”

11 Jun 2010

Taste of Charlotte Starts Today!

We all love to eat…and there’s no better time to try new foods and restaurants in Charlotte than during the “Taste of Charlotte” festival, June 11-13. Whether you favor BBQ, Indian cuisine, fine wines, or gourmet pizza, it’s all found along Tryon Street in Uptown Charlotte this weekend. Best of all, admission is free!

Food, drinks, dancing and music are part of the festival, and it’s not to be missed. Invite your friends who are new to Charlotte to attend…maybe offer them a few “Festival Coins” so you can treat them to some of the delicious food. The event is very “kid-friendly” with many games and activities just for the youngsters.