Mecklenburg County, NC Real Estate News

By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 LATEST NEWS ON CHARLOTTE'S BALLANTYNE HOUSING MARKET...WHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... Key take-aways about the Ballantyne area housing market in May 2023 included: Closed home sales increased to their highest level since October 2022. A list to sale price ratio of 101.1%. Average days on market were low at 19 days, despite increasing from the previous month and year-over-year. Average sale price increased 21+% over April and 11+% year-over-year. May 2023 housing inventory was at its lowest level since June 2022. New listings were down year-over-year and up only by three homes versus the previous month.  BALLANTYNE AREA HOUSING MARKET HIGHLIGHTSMAY 2023 BALLANTYNE HOME SALE PRICES Median sale price in May 2023 was $540,000, increasing 3.96% from $519,425 in April 2023....
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on Charlotte Region's luxury homes market...What happened in May 2023...  YEAR-OVER-YEAR TRENDS IN THE LUXURY HOME MARKET IN CHARLOTTE REGIONThe luxury homes market in Charlotte saw a 10.1% increase in new listings year-over-year after decreasing in April 2023. Inventory increased year-over-year by 20.3%. The months supply of inventory increased from 2.7 months one year ago to 3.1 months. Median home sale price increased 2.2%, while average home sale price increased 7.9%. Closed sales increased 8% in May 2023 versus the same month one year ago. Median list to sale price ratio decreased 2.3% year-over-year, but was still 100%. Buyer foot traffic decreased 10.1% from 7.9 showings per home to 7.1 showings year-over-year. Median days on market were just four in May, one day more...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Ballantyne (Charlotte NC) Real Estate Market Report - JUNE 2023The Ballantyne Charlotte NC area is a vibrant and rapidly growing community that's capturing the hearts of homebuyers seeking spacious living, top-notch education, and the excitement of a bustling business center nearby. Get ready to be amazed by the incredible value you'll find in larger homes, excellent schools and the incredible opportunities that await you just around the corner - convenience abounds!  Homes in Ballantyne range from affordable or luxurious townhomes to sprawling estates in Ballantyne Country Club, situated on the golf course.  Prepare to be completely dazzled by the breathtaking beauty of the Ballantyne area! Immerse yourself in the luxurious atmosphere that is BALLANTYNE, where everything is pristine an...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
Charlotte is a booming city, and as a result, land here is becoming increasingly valuable. Buying Charlotte land can be a wise investment if you're strategic about it. Of course, you need to be careful – not all land in Charlotte is created equal. You’ll need to research to find the right piece of property. But the rewards can be great if you do your homework. Not only will you see a return on your investment through appreciation. You can also make money by selling the land later on. I deeply understand the local market as a Charlotte-based real estate agent who is licensed and serves both North and South Carolina. There are many profit opportunities. I will provide insights on maximizing your return on investment in this article. How to Profit from Buying and Selling Land in Charlotte ...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Summer Is The Most Dangerous Season For Pets!Tips To Keep Your Pet(s) Safe All Summer LongAlthough, Summer has not yet "officially" arrived, in Charlotte it's arrived for all intents and purposes. This past week we've seen our temperatures reach the mid-80's. We expect to see high 80's in the coming days and week.  We are talking about a weather forecast that is HOT, HOT, HOT! If it's hot for us humans, it's HOT, HOT, HOT for our pets. Pets are more at risk in the summer months than any other time of the year. How hot is too hot for your pet? Touch your hand to the ground for 5 seconds.  If it's painful or uncomfortable for you, it's too hot for your pet's paws. ASPCA's infographic below points out the 5 Summer Dangers For Pets, which include sun and heat, fireworks and thunderstorms, ...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
High-end gated communities have been around for decades. Still, they’re becoming more popular in Charlotte, NC, and other U.S. cities. A growing number of households are seeking exclusive, gated communities. So why are these communities appealing to homebuyers? Why are more people interested in living in them?This is likely due to a combination of factors, like increased safety and security. Likewise, this may be due to these communities' perception of increased value. I will explain the different reasons for this unique trend in this article. Gated Communities in Charlotte, North CarolinaThere are plenty of homes with gated communities. Most of them are affordable and within reasonable driving distance from major cities. Here are 34 homes listed from $230,000 to $5.3M. There are many g...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
EAT BLK CHARLOTTE RESTAURANT WEEKJUNE 2 - 11, 2023 Eat BLK Charlotte Week is the Queen City's food and culture festival celebrating and showcasing Black-owned food businesses in the Charlotte region. Come out and discover Greater Charlotte area's Black-owned restaurants during Charlotte's Eat Black CLT Restaurant Week. The 3rd annual restaurant week runs through Sunday June 11th. Take advantage of prix-fixe menus at Black-owned restaurants throughout the Charlotte region. For a complete list of participating restaurants and their menus, click here. On Saturday, June 10th enjoy food trucks and music at the 3rd Annual Eat Black Charlotte Food & Culture Festival from 2:00 PM till 7:00 PM. This Festival will feature delicious foods and desserts from some of the best black-owned food trucks ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Discovering History Along Uptown’s Tryon Street Tryon Street, oh what a vibrant and lively hub it is! It’s the heart and soul of Charlotte, a bustling ‘avenue’ that proudly displays the city’s charm and welcomes visitors with open arms. From sunup to sundown, you’ll find a delightful mix of bankers, office workers, concertgoers, and bar enthusiasts, all coming together to create an electrifying atmosphere. Step onto the sidewalks during the day, and you’ll be greeted by a sea of professionals, striding with purpose and determination. The energy is contagious as the city’s economic prowess fills the air. And when the sun sets, the scene transforms into a playground of excitement, with music lovers, avid sports fans, art aficionados and foodies, all converging to make unforgettable memori...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Popular SouthPark Neighborhood Market Update JUNE 2023  - Barclay Downs Barclay Downs - A SouthPark Community - The Numbers are in for MAY 2023 How's the Market in Barclay Downs? BARCLAY DOWNS SOUTHPARK CHARLOTTE:  SouthPark, once part of a 3,000-acre farm owned by N.C. Gov. Cameron Morrison, that has since been transformed into one of North Carolina’s most esteemed and successful live/work communities. It contains one of the most popular neighborhoods in Charlotte - Barclay Downs. Neighbors include SouthPark Mall, The Colony, Piedmont Row and more. Barclay Downs features several award winning public schools, a regional library, and plenty of general and specialty retail shopping.Barclay Down’s livability score is 68 – ranked #68 in Charlotte and #63 in North Carolina. Ranked A+ for ame...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
BLAKENEY TOWN CENTER 2023 SUMMER SOUNDS OF SUMMER CONCERT SERIES IN CHARLOTTE'S BALLANTYNE AREA The popular live Blakeney Sounds of Summer Concert Series is back this Saturday, June 3rd and runs through July 8th, 2023. Concerts are weekly every Saturday evening from 7:00 pm till 9:00 pm and FREE. Just bring your blankets and lawn chairs! Well-behaved, leashed dogs are also welcome. Location: The Blakeney Plaza at Ardrey Kell and Rea Roads. If you'd like to do some shopping or dining at Blakeney before the concerts, click here for a directory of Blakeney shops and restaurants. South Charlotte's Ballantyne/Blakeney area offers many entertainment options to its residents throughout the year. Those options have grown each year. If you're interested in the Ballantyne lifestyle and have been ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Market Report Zip Code 28104 | MAY 2023Matthews & Weddington share zip code 28104, and both continue to show strong performance in home sales even with increased days-on-the-market. There remains increased interest in the area. The history in Matthews runs deep, but most of the town’s 25,000+ residents have relocated to Matthews in the past decade, attracted by affordable homes in beautiful new subdivisions, strong schools, lower taxes and the historic, pedestrian-friendly downtown.  Some historic Matthews homes remain around the fringes of Matthews town center, however the Matthews area has seen tremendous growth with new subdivisions.  Homes for sale in Matthews range from transitional to historic colonial to craftsman style. Weddington encompasses approximately 17 square miles or 11,...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
CHARLOTTE REGION APRIL 2023 REAL ESTATE REPORTWHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... April 2023 home sales declined in the 16-County Charlotte Region year-over-year for a 16th consecutive month. Pending sales were also down year-over-year for a 16th consecutive month. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022.  Higher home prices coupled with increasing interest rates have impacted affordability and continue to cool buyer demand. The market in 2021 was clearly an anomaly and we now see that year-over-year sales declines from 2022 appear significant. Sales are still occurring... just not at the pace of the last couple of years. By the same token, the housing market continues to experience steady activity with high buyer interest ...
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By Carolina Buyers Agent, We Specialize in Buyer Representation Only!
(Carolina Buyers Agent)
Unwrapping the Mystery of Those New Mortgage FeesAs if the real estate market weren’t confusing enough, the Federal Housing Finance Agency has implemented new rate schedules. Though the change was announced this January, it took a few months before the industry realized the bottom line: rates were going up for borrowers with good credit and down for those with lower credit scores. Understandably, both industry professionals and home buyers were confused.Here’s an example of how this will work. Under the new policy, a borrower with a higher credit score will pay an .875 percent fee for an 80 percent loan-to-value loan. Formerly, they would pay a .5 percent fee, so that borrower would pay an additional $1,313 on a $350,000 mortgage. In contrast, a borrower with a lower credit score borrow...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 ON MEMORIAL DAY HONOR THOSE WHO GAVE THEIR ALL...We who live in freedom will always be grateful to those who helped preserve it.  "For love of country, they accepted death." ... James A. Garfield Freedom is not free. Freedom comes at a cost... in the sacrifice of life and acceptance of death. We are uniquely free in the United States of America because there have been many throughout our history who were willing to sacrifice their lives and accept death to protect our freedom.  "A hero is someone who has given his or her life to something bigger than oneself."... Joseph Campbell Below, I've posted one of my favorite Memorial Day Tributes by Ronald Reagan. As President Reagan said "words cannot repay the debt we owe."  This Memorial Day speech never fails to move me. The message is simp...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Memorial Day 2023 - Honoring America's Fallen Heroes Memorial Day transcends mere leisure, extending beyond a weekend respite, a feast, or an escape to the beaches. It stands as a reverent occasion, a solemn tribute to the valiant warriors who selflessly laid down their lives for their nation. Memorial Day embodies a moment of collective remembrance, honoring the courageous souls who made unimaginable sacrifices to safeguard our liberties.  As Monday dawns, let us unite in unwavering homage to those who never returned, an eternal devotion that should permeate every single day of our existence. This sacred juncture compels us to reflect upon the immeasurable cost of our freedom, borne by the indomitable spirit of those who paid the ultimate price. This Memorial Day, please take the time ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Real Estate Market Snapshot The Gates at Quail Hollow |  MAY 2023 A popular South Charlotte condo complex, located just off of Park Road, The Gates at Quail Hollow offers convenience in so many forms of the word!  Residents enjoy nearby restaurants, SouthPark Mall, boutique shopping and close proximity to the freeways and Uptown.  When you're home at The Gates at Quail Hollow, the complex is ever so peaceful and quaint - enjoy quiet, sound buildings that boast private patios and even grassy areas around the complex for your fur-babies! Amenities include Clubhouse, Fitness Center, Hot Tub, Pool and Tennis Courts.   Enjoy a solid HOA with very reasonable HOA dues that include water & sewer as well.  End units also feature garages. Considering a condo purchase in SouthPark?   Give us a ca...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Summerlake (28226) Market Update MAY 2023    One of SouthPark's premier communities, Summerlake features 135 custom-built, elegant, traditional style homes. The homes in Summerlake range from 2,500 to 6,000+ square feet.  Some of Summerlake's lots overlook the community pond, some are situated on the walking trails and others have 'back door' access to Olde Providence Swim & Racquet Club*. This lovely neighborhood is situated in the heart of SouthPark, approximately 3 miles from Quail Hollow Country Club, nearby Carmel Country Club and Cedarwood Golf Club is within close proximity as well.   Of course, if you're into shopping and dining at fine restaurants, you will love this location, near SouthPark Mall and the mall's surrounding fabulous restaurants.  Summerlake residents also enjoy...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
Latest news on the Huntersville, NC real estate market in April 2023... What it means for you... What you need to know... Huntersville housing market showed considerable strength in April 2023. Key take-aways include: Record high median and average home sale prices. Days on market dropped to 23 days in April, down 41+% month-over-month.  Huntersville housing inventory was at its lowest level since March 2022. New listings were down from March 2023 and year-over-year. Lack of inventory and new listing were a factor in lower closed sales month-over-month and year-over-year. List to sale price ratio of 99.68% left little room for buyers to negotiate on price.  Huntersville Housing Market Highlights: April 2023HOME SALE PRICES REACH NEW HIGHS IN APRIL 2023Average sale price in April 2023 wa...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Saturday's Shots - A Spectacular Charlotte Sunset We had several great sunsets this week but, I particularly loved this one. A stormy day was coming up so the clouds were dark but, the combination of the dark clouds and the brilliant reflection of the sun behind them was truly breathtaking. Of course, our ONE 'odd' shaped tree always seems to make it to the foreground!Tonight we had a dark, rainy evening and with no sunset to watch, we enjoyed dinner out and reflected on our past sunsets in pictures.Hope you're having a lovely holiday weekend... © Debe Maxwell, CRS | The Maxwell House Group | Savvy + Company | Saturday's Shots - A Spectacular Charlotte Sunset SavvyBroker@me.com | Saturday's Shots - A Spectacular Charlotte Sunset
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(Savvy + Company (704) 491-3310)
Charlotte NC STONECROFT Market Report MAY 2023The area's most elite custom builders came together and created an exclusive, luxury South Charlotte neighborhood, preserving age-old trees and developing stunning streetscapes. A complimentary mixture of architecture within the 120 elegant estate homes in Stonecroft, overlooking Carmel Country Club, draws one into this wonderful community.Located in SouthPark, just minutes from Uptown and Charlotte Douglas International Airport, Stonecroft homeowners have fingertip access to everything that Charlotte has to offer. From the finest dining to cultural arts, professional sporting arenas to upscale shopping and schools to churches of all denominations, Stonecroft residents have ready-access!Property in Stonecroft will always be desirable and as ...
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Mecklenburg County, NC Real Estate Professionals