MLS 922777  Charlotte A Short Sale at $1,295,000

Over 5000 sf, on the golf course,  the Palisades

Over 5300 sf, on the golf course, the Palisades

The Palisades at Lake Wylie, custom homes on Grand Palisades parkway, across from the Clubhouse.

On a golf course, a private club, a house that is a true custom home, inside and out… at Lake Wylie, with walking trails, and, a local bank that will have an answer to your offer in 24-48 hours— NOT  your typical short sale.

More pictures and a slide show are coming, but this home features a spare no expense gourmet kitchen, a luxurious master bath, granite in all the bathrooms, and each bedroom has a bath, a theater room, a game room with a bar, and exceptionally unique tower or turret above- and an outside grill area and water feature off the master bedroom.

Walk onto the fairway from your back yard, but a nice stand of trees separates your house from the “shanks”…that and the house over looks the golf course.  Out the front door you can walk to the clubhouse, or the swim and tennis center down the street.  This is our listing, and 922777Full listing details here

Here are a few pictures from the Palisades

For help on this home, or any other Short sale, foreclosure, new or re-sale, please call me direct at 704-351-1519

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Charlotte Luxury Homes- Over $1M

Luxury Home Market Update- Video

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Waxhaw NC Bank-Owned, 7967 square feet,  Asking $799,000

Last market sale was over $1M. Taxes $9,900 on Tax value of $1,447,790!

3 levels, all brick, 3 car garage on 2 acres.

Less than a mile from Rea and Providences Road- the right side of  Waxhaw for commuting!

This bank-owned home has a 2 kitchens in the house, plus an outdoor kitchen in the pool house. All bedrooms have their own bath, pool house has a swim up bar-very cool.

Stratford on Providence is a gated community of large acre estates on gently rolling hills with tall trees and many wooded lots. 5 homes are on the market, the median price is $1,089,000.

We  represent Buyers as Exclusive buyer brokers. Please Email Terry at terrymcdonaldre dot com with Waxhaw REO in the subject and I’ll send pictures, full details and aerials.

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Charlotte Luxury Custom Homes for the most comprehensive look at the luxury home market in the Charlotte-Lake Norman area

Charlotte Luxury Homes Video

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A Custom Luxury Home in Charlotte- Traditional, Arts and Crafts Low Country

Luxury home means a lot of things to different people: It has presence and curb appeal, it has a design, floorplan and details that work together in harmony, and  well thought-out custom details and  features that last, and create a Wow factor (s) along the way… and that’s just the house!

The luxury neighborhood-community in Charlotte is not typically gated, though some are, but the real question is still-

does it fit your family’s needs and lifestyle?

Fortunately we have lots of good choices. Yes, we have some “McMansions” (no I’m not offended by the name haha) in the outlying areas built in the easy money days, but Charlotte is home to many communities that rival the best in the US. Lets Look.

Luxury Home DealsAmazing Lake Norman Waterfront Homes Under $2M 53 toChoose From

It could be  in South Charlotte’s  traditional post WWII neighborhoods of Myers Park, Eastover, or the more eclectic Elizabeth or craftsman homes in Dilworth.  Search Myers Park-Eastover Homes Search Dilworth Homes (Home searches- after a while- require a simple email sign-up, no worries here, we hate spam as much as you do, your info never given or sold, remains internal)

Style is in the air at Southpark

Elegance! Elegance!
[click to continue…]

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How Did The Over $1M Market Get So Messed Up?

We know there is a lot of inventory- 54 months according to my last post based on the first 9 months sales of this year… an almost 5 year supply of homes.

Does the word sub-prime, or Pick-A-Pay mean anything to you? Or my preferred term, Junk Financing? Looking back, way back all the way to 2001, I charted the growth of the Over$1M market in the Carolina MLS. It is important to note, the slow but steady growth from 2001-2003, and then the sharp rise in 2004-61%, or an additional 82 homes. Thes 82 new 1M homeowners represent 24% of all

Charlotte Home Sales over 1 m

the over $1m homes sold in 2001-2003.

So what happened in Charlotte to account for this massive influx of new money – 82 homes to be precise... Did we bring a corporate headquarters here that year of significance? A NFL franchise perhaps?  What would account for not just the 133 home sales of 2003, but another 83 or215 in 2004?

What if I told you that Over $1M home sales jumped another 50% in 2005, and another 35% in 2006?

Check out the chart, and see if you can answer that question we heard so often: “Where were all these people coming from who can afford these Million dollar homes?”

In the peak year, 2007, 477 over $1M homes were sold. That is the equivalent of all the homes sold in 2001, plus 2002,2003, and most of 2004.  Whaaat?

Those of us who lived here know there is no explanation for this kind of increase in demand. Job growth was good from 2001-2203, and from 2004-2008 and that produced healthy increase in demand for housing, but not this good.

This is about greed, our insatiable desire to have everything NOW, and  junk loans. Junk loans that created a false demand, or a bubble, and now, as many of these mortgage reset, are going to produce foreclosures at record levels in the next 3 years.

Since the junk loans are no longer available, and most of those loans reset in 3-5 years, demand is quickly falling to pre-junk levels, and foreclosures will mount as sales won’t break 200 in 2009.

And in 2010? I’m predicting about 150, and inventory still at 5 year levels. It is going to get worse before it gets better.tm

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Is it safe to buy a home here in Charlotte? Yes- with conditions. Buy for the long term, buy in a blue chip neighborhood, and buy it cheap- We can help.  We help with home finding, we do the research, and we take your lead in the negotiations.. 704-351-1519

Charlotte Luxury Homes Video

Custom Homes in Stonecroft- Southpark area

Over $1M Homes Sales Market Report

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Charlotte Real Estate Over 1M-Luxury Home Market Report

October 14, 2009

Charlotte, NC
Custom Homes Sold-  Charlotte Over $1M Real Estate Market
The  Summer results for luxury homes are in. A look below at the number of sales, the median cost per square foot, and how to adjust  median cost per sf  to arrive at best, worst and most likely pricing.
Sales from 6/1/09-10/12/09, an update, there were,
77 Homes [...]

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