Talk Charlotte Blog - Real Estate, Community Resources, & other Good Stuff

Welcome to the Talk Charlotte blog where are talk about the Charlotte real estate market, highlight our listings, discuss various neighborhoods and developments, and offer insight to our community.

April 21, 2017

Charlotte area home sellers take note - median prices rose 13.3% in March

Charlotte area homeowners thinking of putting their property on the market this year may want to act quickly to take advantage of the strong demand and rising prices. According to a recent report from the Charlotte Business Journal, the median sales price of a Charlotte area home grew by a double-digit increment last month, registering as the third-highest out of 53 markets nationwide.

This data comes from the Denver-based Re/Max's monthly national housing report. The report reflected a 10.1% price gain from February 2017 to March 2017. Even more impressive, the median price of $226,500 rose 13.3% from the same time last year.

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Posted in Real Estate News
April 13, 2017

Studies Show Affordability, Not Location, is Drawing Millennials to the Suburbs

A pair of recently released reports has found that millennials - the generation following the baby boomers - are more interested in buying homes in the suburbs than urban areas. This breaks the long-held stereotype of millennials placing more value on experiences and lifestyle than saving money and building equity. Could this change the way we see the millennial generation, and how the real estate market interacts with these young adults?

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Posted in Real Estate News
April 12, 2017

Pending Home Sales Increase 5.5% in February

As the spring buying season rolls on with demand often outpacing supply, pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the latest data from the National Association of Realtors®.

According to a March 29 press release from NAR, the Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, increased 5.5 percent to 112.3 in February from 106.4 in January. February's index reading was 2.6 percent above a year ago, was the highest since April 2016 (113.6) and was the second highest since May 2006 (112.5)

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Posted in Real Estate News
April 4, 2017

Charlotte Named a Top Investment Housing Market in the US

We've known for a long time that Charlotte is a great place to call home. But now, our beloved Queen City is getting recognized for its investment value - specifically, investment housing value. According to a recent report from HomeUnion, a California-based real estate investment management firm, Charlotte is a leader in the single-family rental market.

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Posted in Real Estate News
March 16, 2017

Beautiful Weddington Home For Sale: 7235 Forest Ridge Drive

Looking for your perfect home just outside the busy city limits? Look no further than 7235 Forest Ridge Road located in the cozy town of Weddington, NC.

Property Details:

  • List Price: $989,000
  • 7 Bedrooms, 5 Bathrooms
  • 5,567 sq ft
  • Located in east Weddington (approx. 20 miles south of Charlotte)

This private entry, spacious estate is situated on over 5 acres of land in the Providence Place subdivision, and has recently been fixed up with cosmetic updates. There's room for all with a 2 stall attached garage AND a 3 stall detached garage.

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March 15, 2017

Featured Home For Sale: 851 Burrage Road, Concord NC

A home like this comes along once in a blue moon. 851 Burrage Road is a custom built Estate Ranch on a private lot in Concord, equipped with hard wood floors with Brazilian cherry inlay, a formal dining room, double sided fireplace and an upgraded security system.

Property Overview:

  • Current List Price: $665,000
  • 4 Bedrooms, 5 Bathrooms
  • 3,933 sq ft
  • Located in North Concord (Approx. 25 miles northeast of Charlotte)

Make an immediate impression when guests pull into the custom circular driveway and step foot onto the welcoming brick front porch. Manicured shrubbery and trees further enhance the elegance of this home. 

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Jan. 30, 2017

What Are the Disadvantages of Living in an HOA Community?

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What are the disadvantages of a homeowners association, or HOA?

There are many restrictions with most HOAs. Some people might not want an HOA because they just want lots of land where their pets can roam free or to park a boat or RV on their property. You would want a loose HOA (or none at all) for these things.

Another reason not to want an HOA is if you run a business from your house. Many HOAs won’t approve a home business or a lot of customers coming and going from your house. With a home business, you’d want a property that isn’t regulated strongly by an HOA.

HOAs come at a price.

HOAs also come at a price; fees vary from community to community depending on what the fee includes. They can run from $100 a year to thousands of dollars a month. It just depends on your amenities, so you have to weigh the benefits against what you get. You might, for example, have a gym membership you could get rid of if one is included in your HOA fee.

Your HOA could also give you access to tennis courts or a swimming pool, which give you value, but remember that it doesn’t add value to your home. An HOA is simply a feature of your community.

If you have any questions about the disadvantages of an HOA or you’re thinking of buying or selling a home in the Charlotte area, give me a call or send me an email. I’d be happy to help!

Posted in Charlotte Living
Jan. 20, 2017

Quail Hollow Estates - One of South Charlotte's Fastest Growing Developments

Just ten miles from Uptown, the Quail Hollow Estates neighborhood in South Charlotte is one of the city's fastest growing planned unit developments that boasts impressive architecture and landscaped grounds for those looking for modern residences where luxury interiors and oversized lots (some as large as 3 acres) are the standard and not the exception.

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Jan. 13, 2017

What Are the Advantages of an HOA?

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Want to buy a home? Search all homes for sale.

If you’re looking to a buy a new home, it’s possible you’ll end up in a neighborhood supported by a homeowners association, or HOA for short. There are many benefits of an HOA.

First, homes with an HOA must meet the standards set by that HOA or they are likely to receive a fine. This keeps the community looking beautiful with an absence of unkempt lawns or unseemly exterior flaws such as chipping paint.

Some HOAs even have an architectural committee that any additions to the existing structure or landscaping must be approved through. If someone tries to skip going through the committee, they will have to take any unapproved changes down.

Your HOA dues take care of most of your home’s maintenance.

With an HOA, you also get recreational amenities. Your community could include a clubhouse, pool, gym, walking trails, or in some cases, a beach. Your HOA dues entitle you to use any of the amenities available in that area.

Another benefit to having an HOA is the HOA management itself. If you ever have a problem, like a dispute with a neighbor over a dog barking or bright lights in their yard, or if you need something done, like a speed bump put in on your street, HOA management will take care of those things for you.

One of the best parts of having an HOA is that your dues take care of most of your home’s maintenance. It’s likely that your yard, the exterior of your building, and even your roof will be taken care of by the HOA. All you have to worry about are your windows!

If you have any questions about HOAs or general real estate questions, please feel free to give me a call or send me an email. I look forward to hearing from you!

Posted in Charlotte Living
Dec. 19, 2016

Charlotte Neighborhoods with the Largest Price Gains

The temperatures may be dropping, but Charlotte area home prices are heating up! According to a recent analysis by Charlotte Business Journal parent company ACBJ, the Queen City has seen positive home value growth not just recently, but over the past decade. But which neighborhoods are seeing the fastest gains in market value?

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