Charlotte Real Estate

863 Old Bell Rd, Charlotte, NC MLS 2141568

in Charlotte Real Estate,Featured Listings

Want to live in the Treetops?

If you’ve ever wondered what it would be like to have a comfortable mountain villa, on a hill side and living in the treetops, wonder no more! This well taken care of 3 bed room and 2 .5 bath home has a terrific end of cul de sac location, and rooms with a view.

This very low maintenance home will fit an active lifestyle, someone who wants to enjoy their home, and not spend tons of time maintaining the home. It is located in the heart of South Charlotte, a 5 minute walk to McAlpine Greenway, 2 minutes to Charlotte Christian off of Sardis Road. Ten minutes to Southpark, 20 minutes to Uptown, perfect location for professionals working in either location.

Click here to contact us or schedule a showing!

This intriguing home has beautiful decks off three levels to take in the view, and bring nature right into your home. Hardwoods and pines grace the canopy, grass is limited, but verdant green is not!

View the Virtual Tour

The complete home details for 863 Old Bell are below:

[idx-listing mlsnumber="2141568" showall="true"]

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Charlotte Real Estate Market Report – March 2013

in Charlotte Real Estate,Market Report

Charlotte Market Continues to Improve- Many Seller’s Markets Now Buyers Markets

In March, a slow rise in inventory continues. It is uneven, for example there are slightly fewer homes available in the 0-100K and the 100-200K categories than in February. Higher price ranges saw their listing numbers increasing. So, a low inventory market did Not break out in march, which ins’t that surprising, since march felt like January around here.

The weather is turning, the leaves are coming back. The spring Selling season is on. The charts below look at individual price ranges, and then below, by zip code. If you are interested in an area, just check the price range and zip to get an idea how your local market is performing

Remember, all real estate is local.

Charlotte Real Estate March 2013 Price Range

Price Range	# of Sold	# of Active	Months of Inventory	Market
$0-100K	205	477	2.3	Extreme Seller’s Market
$100-200K	597	1386	2.3	Extreme Seller’s Market
$200-300K	435	1379	3.2	Normal Seller’s Market
$300-400K	219	858	3.9	Normal Seller’s Market
$400-500K	92	459	5.0	Normal Seller’s Market
$500-600K	54	280	5.2	Normal Seller’s Market
$600-700K	34	205	6.0	Balanced Market
$700-800k	12	175	14.6	Extreme Buyer’s Market
$800-900K	22	117	5.3	Normal Seller’s Market
$900-1M	10	79	7.9	Balanced Market
Over $1M	28	317	11.3	Normal Buyer’s Market

As you can see, only some of the higher price points are Buyer’s markets- and a word of warning, in town locations like Myers Park, Southpark Foxcroft have extremely limited inventory. Several homes were “Sold” in o or 1 Days on Market last month. In the suburbs, the averages lean towards Buyers Market because many of the suburban areas have a lot of inventory in the $700K+ range.

I follow specific communities on my sister site, Charlotte Communities. For example you could see up to date market reports here on Providence Country Club or Providence Plantation.

Market Key

12+ Months of Inventory	Extreme Buyers Market	High Depreciation
9-12 Months of Inventory	Normal Buyers Market	Moderate Depreciation
6-9 Months of Inventory	Balance Market	Flat/slight Depreciation
3-6 Months of Inventory	Normal Seller’s Market	Moderate Appreciation
0-3 Months of Inventory	Extreme Seller’s Market	High Appreciation

Charlotte Real Estate March 2013 by Zip Code

Zip Code	# of Solds	Active Listings	Months of Inventory	Market	Avg Sales Price	Avg DOM
Charlotte (city)	567	1815	3.2	Normal Seller’s Market	$199,878	95
28203	0	27	-	-	-	-
28207	9	29	3.2	Normal Sellers Market	$926,888	119
28209	16	59	3.7	Normal Seller’s Market	$324,937	72
28210	32	113	3.5	Normal Seller’s Market	$233,855	111
28211	19	88	4.6	Normal Seller’s Market	$404,710	87
28226	24	142	5.9	Normal Seller’s Market	$284,547	80
28270	18	121	6.7	Balance Market	$278,986	114
28277	49	143	2.9	Extreme Sellers Market	$354,910	69
Matthews
28105	29	98	3.4	Normal Sellers Market	$201,649	101
Union County
28104	29	135	4.7	Normal Seller’s Market	$266,474	100
28173	55	230	4.2	Normal Seller’s Market	$392,647	94

So, Sellers if you wanted to sell your home over the last 4 years, this may be your year. Call Terry today for a free marketing analysis of your home.

Buyers? Prices are moving up, inventory is low. Prices are still on 2004-1005 territory, so there are many good deals to be had. But don’t be shy. If you have looked at a few homes, and see one that stands out, think long and hard, but pull the trigger. See what happens.

Now is when you especially need a good agent to pry in there and see whats going on locally- after all that’s what most important, how is your real estate! tm

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Marvins Busy Summer

in Charlotte,Charlotte Real Estate

Kickin home sales in Marvin, UP 53% over 2011 and house prices UP 15%!

I’ve watched the market carefully, and WOWis about all you can say about Marvin, this very popular almost pastural small town just south of south Charlotte’s most popular Ballantyne. Work in Ballantyne? Live 5 -10 minutes away in Marvin , here are

The killer market numbers (beating the Charlotte average by FAR!)

In 2012 there were 40 homes sold at an average list price of $578,000, an average sales price of $563,000 or an average $129 per square foot, with days on market at 108 days.

2011 26 sold, average list price pf $543,750 and sales price of $528,000, or $112 per squyare foot, and 134 days on market…

So Marvin real estate (single family homes) saw a 53% rise in homes sold, and with a 15% price increases in sold cost per square foot, and days on market fell 19%. By every measure, home values are improving

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The Charlotte Real Estate Market is on Fire!

in Charlotte Real Estate,Home Buying

Over the past month or so the Internet has been a-buzz with news of the beginnings of a national real estate recovery (see here, here and here). But as you know, the national market does a great job of covering up regional trends. There isn’t one real estate market in the US, there are hundreds, if not thousands.

With that in mind, I wanted to pull together some Charlotte real estate numbers for 2012 so far. Does what’s happening nationally hold true for the Charlotte real estate market? Is Charlotte firmly in the midst of a real estate recovery?

Slow start to Charlotte market in 2012 ends in March

Closings in the first two months of 2012 left much to be desired in the Charlotte area. In January, only 948 homes were closed (note: I’m using the broker lingo “closings” but this just means “sold”) in the Charlotte metro area. In February we added a grand total of 2 closed homes with 950 homes sold. Recovery my ass, right? But then we look at March & see a completely different picture. Charlotte home closings in March rocketed up to 1,321, a 35% increase month over month.

Charlotte’s overall real estate market also roughly matches my experiences over Q1 of 2012. We had a relatively slow start to the year made much sweeter by a blazing hot March (literally & figuratively). Year over year March 2012 was also a strong month for the Charlotte real estate market. In March 2011 there were a 1,207 total closings. This past March marks a 9.5% increase in closings from March 2011.

April 2012 continues the trend

Ok, so I’m making the case that the Charlotte real estate market reached its low point late last year or the beginning of 2012. Is the growth trend continuing? Absolutely. In April the Charlotte metro area saw 1,402 closings, a 6% improvement month to month (on top of the 35% from March) & a 16% increase from April 2011! The numbers don’t lie, the Charlotte market is in firm recovery mode & business is booming. There is still a large inventory of homes on the market, although foreclosures, short sales & bank owned properties are beginning to dry up (the good ones at least). So two strong months of growth in March & April. How is May looking?

May closings on pace to exceed April closings

The subheading above kinda gives it away, but there have been 1,193 closings in the Charlotte metro area this month, with a week to go (an increase of 15% from the same period last year) . We’re on pace for 1,591 closings in May 2012. For those of us counting, that’s a 13% month over month increase with 3 months of more than solid growth.

But what does all of this data mean for the Charlotte home buyer? It means that NOW is the time to buy. The Charlotte real estate market has bottomed out & is now in month 3 of a strong recovery. With fixed interest rates of 3% or 4% on 30 year & 15 year notes there has never been a better time to buy a home in Charlotte.

Here’s to a strong summer & a strong recovery. The Great Recession started with housing & it will end with housing & job creation. I don’t know about you, but I’m very optomistic about the rest of 2012 & beyond. Have a good one & hope to see you in Charlotte soon!

Charlotte New Home Sales Gain In March

April 12, 2012

[caption id="attachment_8021" align="alignright" width="300" caption="Chapel Cove"]

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Charlotte, NC

We first began to notice an uptick in traffic to our websites in the 4th quarter of last year. What I found fascinating as both an internet guy and a real estate guy, was that the average time on site also nearly doubled, even as the traffic was growing by double digits month to month. So both the quantity of visitors, and the quality of visitors ( time on site) were up dramatically, and now we are seeing the results in 2012. There is energy in the Charlotte real estate market we have not seen in several years.

I’ve written that we as brokers are seeing more and better qualified buyers– WE ARE, and so are the new home builders!

Taking data from the local MLS, comparing March 2012 to March 2011, take a look at this:

New Home Sales were up 10% in March, 2012, compared to March 2011!

New Home prices were up too- the average sales price increased 4.63%, from $238,610 to $249,482.

What about the more accurate Sales Price Per Square foot, or SP/sf- this to is up 4.25%, from an average of $88.26/sf in 2011 to $92.01/sf in 2012.

This mirrors the Charlotte NC real estate market as a whole.

Consider, closing ins March 2012 were 1,825 compared to 1656 in 2011, a 10% increase! And the proportion of new homes sold to re-sale held almost steady with 15% of the home buyers preferring a new home in 2011, and 16% preferring a new home in 2012.

This is good news for Charlotte home sellers and home buyers. If you were on the fence about buying a home this year, time to get off and take advantage of the still way way low prices and the once in a lifetime interest rates! We can represent you at new home builders, on re-sales, and about 98% of FSBO’s. Since Sellers pay our fees, why wouldn’t you want a good Buyer agent at your side. The Sellers have their agent, you should have a capable Buyer Agent too! TM

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