Charlotte, NC Real Estate News

By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
February, 2021 Market Snapshot | Ballantyne Meadows Charlotte North Carolina Real Estate Are you in search of homes for sale in the Charlotte Ballantyne area?  You won’t want to miss this great neighborhood in the heart of Ballantyne. This popular Shea-built community features great lots, wonderful schools and fantastic neighbors.  This community is assigned to award-winning schools as well.  Just a short jaunt to everything Ballantyne, you'll find fabulous restaurants, cozy shops, golfing and recreation as well as easy access to the I-485 freeway.Ballantyne Meadows is a constant in the Ballantyne (Zip Code 28277) area - home sales are increasing, sell quickly and appreciation in the community continues at a steady pace. Here is the most recent market snapshot for Ballantyne Meadows nei...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Charlotte Market Update - FEB 2021 - UPTOWN - Fifth & Poplar Fifth & Poplar couldn't be more conveniently located. Sitting on the west side of Uptown in the Fourth Ward, many of the units in the complex have sweeping views of Uptown Charlotte's gorgeous skyline. Read more about this popular Uptown condo complex.  So, how's the market doing in Fifth & Poplar? There are 6 condos currently active on the market in the complex with 4 under Contract & in Escrow. There is an approximately 3.3 month supply on the market (a 94.1% increase year-over-year) and a 121-day average on the market for sellers in Fifth & Poplar. Here's the market snapshot for this February, 2021.      SEARCH UPTOWN CONDOS FOR SALE  SELLERSIf you're thinking of selling your first, second, third or...home, let’s talk! As w...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Love is in the air this Saturday, February 6th at the outdoor, pop-up shop with CLT FIND and Amy Moffatt Art. Isn't it nice that not all events are virtual this year? The Saturday pop-up shop will be open from 11:00 AM till 3:00 PM at 911 Mason Oaks Court in south Charlotte. Why not check it out? Maybe you'll find a special Valentine's gift for that someone special in your life. Find Out More About Amy Moffat And Her Art A Portfolio Of Amy Moffat's Work "Love is like a piece of art work, even the smallest bit can be so beautiful."-- Stacie Cunningham  Do you remember the song, "Love Is In The Air?"This song was released as the lead single from Young's fourth studio album, Love Is in the Air (1978). At the Australian 1978 King of Pop Awards the song won Most Popular Australian Single.   
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By The Vining Group at eXp Realty, Relationships First. Real Estate Second.
(The Vining Group)
We’re excited to present this gorgeous, move-in ready, mid-century modern ranch to the Charlotte market. This home is nestled in the resounding Windsor Park neighborhood. This newly & fully renovated masterpiece will leave guests in awe. It’s clean! It’s modern, crisp and swanky! The layout and finishes of the home make it fantastic for entertaining while allowing for peace and serenity. This beautiful home is conveniently located near NODA, Plaza-Midwood and Kilborne Park; which means great dining, amazing eateries, exercise and fun are just minutes away.
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Parkwood Knoll (Myers Park) Market Report JAN 2021Popular full-brick complex in fabulous Park Road/Myers Park location in Charlotte, Parkwood Knoll is the premier luxury condominium complex.  Sales prices continue to rise and the time on the market continues to decrease with 106 days on the market in Januray 2021. Below are the details with average sales price, days on the market, list-to-sales price ratio and current inventory (months supply).  The charts below are interactive so, you can click on each of them for the updated information or review the history by following the graph as well.Average Sales Price   Average Days on the Market  List-to-Sales Price Ratio  Months Supply of Condos for Sale in Parkwood Knoll**The months supply is 2.9, slightly higher than average in the area. Hi...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Real Estate Market Snapshot The Gates at Quail Hollow |  JAN 2021     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 fabulous nearby restaurants, SouthPark Mall, boutique shopping and close proximity to the freeways and Uptown Charlotte.  When you're home at The Gates at Quail Hollow, the complex is ever so peaceful and quiet. The buildings feature private patios and even grassy areas around the complex for your fur-babies! Amenities include Club House, 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 ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Ballantyne – Blakeney Neighborhood Market Update JAN 2021 – MITCHELL GLENPopular South Charlotte neighborhood in top-ranked school zone offers amenities with LOW HOA DUES. Amenities include recreation area, playground and pond. Sales in Mitchell Glen continue to show an incredibly strong market. Average sales prices remain some of the strongest in the area. Days on the market are 7 and there are currently no homes in Mitchell Glen that are actively being marketed - no active, coming soon listings or any currently in Escrow at the moment.Here is the Ballantyne – Blakeney Neighborhood Market Report JAN 2021 – MITCHELL GLEN: Current Average Sales Price in Mitchell Glen ($368,177)  Mitchell Glen's Average Days on the Market - 7 (My personal average days on the market in Mitchell Glen  are 3...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Charlotte NC STONECROFT Market Report JAN 2021The 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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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Debunking the Forbearance and Foreclosures Myths in 2021Many homeowners had their lives turned topsy-turvy nearly a year ago with their economic stability, completely disrupted. In the beginning of the COVID pandemic, economic uncertainties were first and foremost in most American’s minds. The government very quickly responded to that angst, putting into place forbearance plans. They were available to homeowners who had experienced job loss and/or economic hardships, allowing them to remain in their homes, without making their monthly mortgage payments.  Some who signed up for the forbearance program, quickly rebounded and have since attempted to secure a mortgage for a new house and many to refinance their homes. Sadly, those who accepted forbearance are unable to refinance or secure m...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
2020 Final Home Sales Data Signals Strong Expectations for 2021 What is the outlook for 2021 in the real estate market? I think taking a look at the year of obstacles, 2020, is a great place to start making projections.  Last year, the year of the pandemic, sales out-performed 2019 by 5.5%. I know that’s difficult to believe but, really, everyone needs housing and now that we have been ‘exposed’ to the effects of a pandemic, we now know how valuable housing really is. Spending more time at home than ever before, needing more space for home-schooling and for office space for ourselves, we felt the pressure to get out and find more space.Here’s how the market fared for 2020, including final numbers for DEC 2020: • Charlotte-area home sales continue to show increasing signs of stabilizatio...
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By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
 Ballantyne Book Club 2021 Reading List Did you know that Charlotte's Ballantyne area has an active Book Club which meets monthly? If you love reading good books and discussing them, you might want to participate in Ballantyne's Book Club. The 2021 reading list includes a mix of fiction, classic books, and non-fiction... something for everyone who loves to read.  “Sleep is good, he said, and books are better.” -- George R R Martin  The next Ballantyne Book Club meeting is on Wednesday, January 27th, 2021 at 5:30 PM. Until further notice, all Ballantyne Book Club events are virtual over zoom. The Book Club does ask for an RSVP. When you RSVP you'll receive an email link to join the Zoom Meeting.  “That’s the thing about books. They let you travel without moving your feet.”  -- Jhumpa Lah...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Market Report JAN 2021 - How's the Real Estate Market in Providence Springs?    Providence Springs, being a community of only 128 homes, typically does not have a large selection of homes on the market - low turnover year-after-year.  Some years, there are more relocation sellers than others and we are seeing a bit of a slow down in the relocation business this year. The economy continues at a steady pace, as our Providence Springs market improvements continue to demonstrate.  If you're a buyer, interested in a fabulous, neighborly community on the NORTH side of Highway 51 in a great school zone, visit www.ProvidenceSpringsInfo.com for more information on this popular Charlotte luxury community.  We know that you won't be disappointed!Here are the market stats for Providence Springs: Av...
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By Nancy Braun, Professional Service, Personally Delivered
(Showcase Realty LLC)
When a homeowner can no longer pay off their mortgage in Charlotte, NC, the house may be foreclosed. However, a short sale is a better alternative to an eventual foreclosure. In a short sale, a house sells for less than, or short of, the amount left on the mortgage. This frees the homeowner of the financial burden of the house. This money is paid directly to the bank and not the homeowner.  When a homeowner is in true financial distress, a short sale may be the best option for all parties. For the homeowner, once they sell the house, they are free of the mortgage that they were unable to pay. This comes at the expense of a hit to their credit rating though. For the bank, if the homeowner is incapable of paying in any form, a short sale is preferable. A foreclosure can cost the bank more...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Speechless Sundays - Sunset #11This one was following two days of rain and ominous skies. We didn't anticipate seeing much of a show at all but, even an ominous sky during a sunset is breathtaking!  Happy Sunday, Everyone! © Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | Speechless Sundays - Sunset #11
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
SELLERS: Update it, Fix it and Achieve Exceptional Results Selling Your HomeI thought I would share a recent comment by a seller whose home had been listed before, but with no serious Offers. When informed that there were several items that needed updating and repaired, the husband said,  "If they don't want my house the way it is, we can wait for the next buyer."WHAT?  So no one has explained the current market conditions and how buyers want EVERYTHING done? Yes, it's a sellers market but, that doesn't mean you want to 'settle' for a lower price. I am seeing buyers who do not want anything left for them to have to update - even simple paint in a room or two! Everyone who is working during the pandemic, seems to be working MORE from home than they were when they were commuting to their ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Creekshire Estates Market Report JAN 2021 (Steele Creek)Creekshire Estates homes tend to command top dollar, selling in a relatively short period of time. With a wonderful location in the Steele Creek community and proximity to Lake Wylie, residents enjoy the convenience of the city and the enjoyment of the lake, both!Friendly neighbors, great floorplans and low HOA dues are draws to this lovely neighborhood.  I recently listed and sold two lovely homes in Creekshire Estates.  Both of these homes can be virtually toured on our www.ListMyCharlotteHome.com website. We work extensively with our sellers to be sure that their homes are staged and 100% prepared for the market before they are listed. As a result, our listings in Creekshire Estates command a higher price than others within the ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
SouthPark Market Report - JAN 2021  SouthPark is a prestigious address that offers wonderful proximity to everything Charlotte. We have something for everyone here in this wonderful community. Read more about SouthPark neighborhoods here. Three zip codes make up the SouthPark area including 28210, 28211 and 28226. There is a small area of SouthPark (in which Barclay Downs is located) that is located in zip code 28209 (not included in this data due to skewing with the inclusion of Myers Park in the 28209 zip code). Here is the link to the Barclay Downs housing report for this month.  To pinpoint the SouthPark area by map, click the map below:   SouthPark home sales continue to reflect that our community remains a hot spot to land when moving to the Charlote Metro area! Here is the latest...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Popular SouthPark Neighborhood Market Update JAN 2021Barclay Downs - A SouthPark Community - Market Report JAN 2021How'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 69 – ranked #61 in Charlotte and #75 in North Carolina. It currently has a 97.3% high school graduati...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
3 Reasons Buying a Home in 2021 is a Savvy Move Experts expect the real estate market to continue to see growth in 2021. The growth will largely be driven by the lasting impact the pandemic is having on our lives.  All of this extra time at home has us reevaluating our homes, including offices, classrooms, etc. and what we may need in a home moving forward. The good news is that, for homeowners, this will be a fantastic year to make a move for several reasons. Here are the top 3 reasons buying a home in 2021 is a savvy move…  1. Mortgage Rates Are At Historic LowsContinued low rates have certainly set buyers up for significant long-term gains. In fact, now, it is less expensive to borrow money for a home loan today than it has been in years past. Although mortgage rates are expected to ...
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By Debe Maxwell, CRS, The right Charlotte REALTOR!
(www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310)
Zip Code 28203 Market Report JAN 2021Included in one of North Carolina’s hottest zip codes (28203), the Dilworth, Wilmore, Sedgefield, South End neighborhoods remain hot with very little inventory.  The $500K and below price ranges are still entertaining multiple Offers while those over $500K are selling with a few more average days on the market than in the earlier markets.Wilmore & Sedgefield continue to be the up-and-coming west side 28203 neighborhoods with lots of new construction and renovation taking place on nearly every street. The location of the 28203 zip code simply can’t be beaten!Zip Code 28203 Market SnapshotClick the interactive chart below to track the historical data – average sales prices in ZIP CODE 28203.  The largest community within zip code 28203 is Dilworth.  Le...
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