Lake Norman - The Lake continues to rock and roll with no sign of a slow down. 2 great reasons to buy now - 1. we're at the low point of the lake now so you know exactly how good your water depth is and 2. our winters for this area are extremely mild: we get a lot of rain instead of snow/ice, and we don't dip as much in temperature (I just aerated and overseeded my lawn last week). It is becoming more and more difficult to find a waterfront home in good condition for under $1M. Great lots start at $600K. There are options, with other nearby lakes, but we're looking at either a longer commute or limited amenities.
South Charlotte - Firethorne represents a unique opportunity - great location without the Ballantyne price tag. Innisbrooke at Firethorne is another option, a little more upscale. Piper Glen is a bit hilly but has some great architecture. Providence Country Club is another great neighborhood in South Charlotte - golf, under valued, etc.
Cabarrus County -There are wonderful upscale neighborhoods, including new offerings - Kensington Forest, Laurel Park, Pine Creek. There are great offerings from the $120K's to over $1M. We will have a 21 acre property with a remodeled older ranch with horse barns that backs to Rocky River and has its own pond - coming soon for $600K!
Uptown Charlotte -Get up with us quick on this hot area. Remember that the majority of the offerings are ‘to be built'. You will pay $300 per sq ft or more for the better locations. Demand is far outstripping supply here.
Historic areas - Careful. Some agents are pushing areas that are ‘up and coming'. That's fine but remember to research the crime rate and school ratings. NoDa still has a ways to go and SoDa is just getting off the ground (short for North Davidson and South Davidson St). Incredible established neighborhoods include Myers Park, Dilworth, Chantilly, Eastover, etc.
Overview - Greater Charlotte in General - Possible Differences from where you're coming from:
1. Open Houses - We don't hold them and if it is held its often a hard to sell home.
2. Are market is expanding/appreciating. I know that in many markets its slow, not here.
Average closing time = 30-45 days.
3. Earnest money - 1-2% for resale, up to 10% over time if custom or semi-custom new.
4. This time of year sellers are beginning to ask for advance showing notice. Try to give us a few days notice to ensure good showing opportunities.
Michael Fournier and The Living Charlotte Team
Kelli, Audrey, Louis, Deb and Kim
Voted #1 Team at Helen Adams Realty 2004, 2005
http://www.livingcharlotte.com/
http://www.helenadamsrealty.com/
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