Category: Location

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.

4 Aug 2010

Insider Secrets: Raleigh’s Cameron Village

In 1946, my Dad, Willie York, got on a train to head to Chicago to attend the annual Home Builders Association meeting. On that trip, he met JC Nichols of Kansas City, who had developed Country Club Plaza, the first planned shopping center in the United States.  After hearing about the Plaza, Dad decided he wanted to develop a similar shopping center in his hometown of Raleigh.

Now 64 years later, Cameron Village, Raleigh’s first planned mixed use development, remains one of the most desirable addresses in the city.  The concept was simple. Six open blocks of retailing where stores are visible, easily accessible and bordered by apartments, single family houses, and office buildings. It has been sold three times to owners who have enabled it to grow and prosper and has been managed by York Properties the entire 64 years.

3 Aug 2010

What Are You Waiting For?

Well, the first half of the year is over.  Can you believe how quickly this year is moving, it’s hard to believe that it’s already August??  For real estate in the Triad, the spring season proved to be an incredible few months.  The tax credits really worked and as a result, sales in the region abounded.

The million dollar question is where do we go from here?  Here are some thoughts on where we are now and where we are going:

  • Sales for the first half were overall strong.  The tax credit shifted our median price down between 8 to 10%, which means that a large number of buyers were purchasing homes at lower price points.  For the Triad Region, the median price was $135,000.  Now that the tax credit has ended, Demand for Entry Level Houses will remain flat for the 2nd half of the year.
  • All those folks who sold their homes this spring are looking and we expect Demand for Move-up Homes to remain strong for the next few months.  In fact, the numbers locally for May and June prove that as sales in the $250,000 to $750,000 range picked up!  So Demand for Upper-End Homes should slowly gain strength.
27 Jul 2010

Summertime Fun in the Triangle – Part 2

You may remember that earlier this month I talked about all of the great indoor activities that the Triangle region of North Carolina offers its residents, visitors, friends and families. To be honest, I could have made that blog post A LOT longer but sometimes its fun to explore and discover new places for yourself (hint, hint! If you found one I didn’t list then please let me know!).

This week I am heading outdoors and sharing several great attractions and activities that are an absolute must this summer!

The Durham Bulls are a minor league baseball team based in Durham, North Carolina and are the Triple-A affiliate of the Tampa Bay Rays major-league club. Enjoying a game outdoors with friends or family is a perfect way to spend an afternoon or a whole day!

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.

13 Jul 2010

Summertime Fun in the Triangle – Part 1

In addition to being just a 2 hour drive to the ocean and a 3 hour drive to the mountains, the Triangle region of North Carolina offers lots of summertime fun for kids of all ages.  In fact, there are so many things to do, I am going to tell you about indoor and outdoor activities separately.  Let’s start in the air-conditioning!  With a record setting summer for temperatures upon us, I want to stay indoors as much as possible and I’m sure you do as well!

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!

5 Jul 2010

The Crown Jewel of Downtown Durham

Tickets-check, Dinner reservations-check… And we were off to the Durham Performing Arts Center, the crown jewel of downtown Durham, NC.

My husband & I were heading to see our first performance but couldn’t decide if we were more excited about the play or our highly recommended dinner location.  As soon as we booked the show, I reached out to a good friend at the Durham Chamber of Commerce, for recommendations on where to dine.  Having visited Durham numerous times, I have my old favorites such as farm-to-table Watts Groceryand the Parisian-style Rue Cler, but wanted to venture outside of my comfort zone and try a new spot for dinner. Hands down no questions asked, the recommendation we were given was for Revolution.  It was the perfect selection for us!

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