Archive for July, 2008

Charlotte Real Estate Bore

July 31st, 2008 categories: Our Charlotte Realtors

Check out a tune for our Blog…Blah Blah Blah more Charlotte Real Estate!! Believe me we as Charlotte Realtors are just as frustrated as the sellers and the buyers!!

Authored by Donna Johnston | Discussion: Your Comments Please »

Kid in a candy store? Charlotte’s August Market Statistics

July 31st, 2008 categories: Market Trends

When was the last time you visited a candy store?  This months Realtor Reflections shows the comparison of statistics from June 07 to June 08. Check pages 50-51 to find out what is going on in today’s market in Charlotte, NC.

The stats are not the best news if you’re sitting on a home and can’t sell but if you’re looking to buy a home ~ well the Charlotte market kinda looks like a candy store. If you’re a buyer you’re a kid again! Sellers please don’t throw Milk Duds at the computer ~ the reality is there are always people looking to buy and people looking to sell. Sellers: it’s just a matter of making sure you candy is out front and marketed well. Buyers: be patient, do your homework (you’re a kid remember) and don’t lose sight as to what features are most important to you ~ choose your favorite candy! Buyers & Sellers: Now is the time  you want need an experienced, patient and levelheaded Realtor ~ let us help you!

• Days on Market June 08- 37% closed 120 days or more, 17% closed between 91-120 days, 24% closed in 60 days or less
• Average Days on Market 125.08!!
• Whew..that why my home has NOT sold yet!!Contracts decreased 32.4% over this same period last year.
• Closings decreased 29% over the same period of one year.

Average closing price decreased 5.8%compared to the same period as last year.  Not as much as the media leads you to believe. I am not quite sure why newcomers come to Charlotte and think they can steal a home for 25% LESS than the asking price. That is just not what happens here!

This gorgeous home in Dilworth is currently listed at $699,000. The higher end market in Charlotte has seen a larger decrease in prices with longer times on market and I do think that is because of the media and the new lending regulations. This home is located at 525 Atherton. Click on the photo to see a virtual floorplan. Charlotte is still a sweet place to live!

So what is your fav candy? Snickers, Lik-m-maid, juju bees? We’d like to hear ~ please leave us a comment!

Authored by Donna Johnston | Discussion: Your Comments Please »

RESCUE ME! Bush signs a bill to help us with the housing crisis!

July 30th, 2008 categories: Market Trends

President George W. Bush signed into law a bipartisan housing stimulus bill today that is expected to bring greater stability to housing markets nationwide. The bill, strongly supported by the NATIONAL ASSOCIATION OF REALTORS®, will help some 400,000 home owners refinance into affordable, government backed loans and offer a temporary first-time home buyer tax credit, which is expected to serve as an attractive incentive to buyers and help reduce high inventories of unsold homes.
http://www.realtor.org/RMODaily.nsf/pages/News2008073001?OpenDocument
To view more information about the First-Time Home buyer Tax Credit included in the bill, follow the links below:
http://www.ncrealtors.org/meetings/HomebuyerTaxCredit.pdf
http://www.ncrealtors.org/meetings/HomebuyerTaxCredit_Features.pdf

Authored by Donna Johnston | Discussion: Your Comments Please »

North Carolina’s Top Business Climate

July 30th, 2008 categories: Real Estate News

North Carolina, Texas and Georgia have the best business climates among the 50 states, according to a recent survey of executives by Development Counselors International. North Carolina ranked second among the 281 respondents, with 30 percent saying the state has the best business climate. Specifically, North Carolina ranks second. No that does not make us recession proof but we are cooking along much better than the rest of the 47 states.

Authored by Donna Johnston | Discussion: 1 Comment »

Why Charlotte Real Estate is still Booming

July 30th, 2008 categories: Real Estate News

“One of the strengths of our city is that we have pushed to have a diverse economy. Charlotte’s efforts to grow its business community with diverse sectors has helped it to weather the recent downturns in the economy.”
Mayor Pat McCrory

“Why Charlotte Is Booming” is a feature article in the June 2008 issue of US AIRWAYS magazine . The article states “Housing prices and job creation have bucked national trends through much of the recent economic downturn ….. In January 2008, Charlotte  real estate was the only market in the country with positive home price appreciation.”

The article boasts for Charlotte:

› 9 Fortune 500 companies headquartered here;
› banking powers (= economic muscle);
› diverse manufacturing;
› transportation: proximity to 60% of the East Coast within a
1-day drive or 2-hr. flight; rail lines; a booming airport;
› bio-technology, from manufacturing to research to healthcare;
› a wealth of colleges & universities;
› tourism & cultural arts, fine dining, & professional sports;
› NASCAR (needs its own line!);
› weather – Charlotte’s “greatest natural resource”;
› fishing, boating, hiking, camping, the beaches & the mountains;
› Easy Living: “a great climate, sizzling economy, affordable
housing, a gracious hospitality” and blue skies;
› a delectable quality of life and a sense of community.

There you have it! US Airways has done a great job of selling
Charlotte. Now it’s our turn, call us for all your questions about Charlotte at 1-888-297-6100 and we will be happy to “Talk Charlotte!”

Authored by Donna Johnston | Discussion: Your Comments Please »

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