Archive for January, 2008

Where exactly are sales down in Charlotte?

Thursday, January 31st, 2008

I saw the headlines in the Observer today about new homes sales being down, they show sales down 41% in Mecklenburg county Real Estate which Charlotte NC is a part of. Also in Union county to the east which includes Weddington Real estate, Monroe real estate, and both Indian Trail real estate and Stallings real estate being down 43% and in Cabarrus to the north which includes Harrisburg real estate Concord and Kanapolis real estate being down 40% and to the south in York county which includes Rock Hill and Lake Wylie real estate and Tega Cay real estate down 46% and then in Lancaster county real estate sales which includes Ft Mill real estate and the lower edge of both Ballantyne and Waxhaw real estate being down 46% then in Gaston county including Gastiona real estate being down 24% and Lincoln real estate including Stanley, and Linconlton Real estate being down 41% and to the North Iredell county real estate sales including Statesville real estate, Lake Norman real estate and Mooresville real estate being down 20%.
Wow when you see all this then the next statement in the paper says but prices are actually up a little, something doesn’t make sense does it. Well here’s the answer, all the builders obtain their permits to build when they first buy or commit to buy a site and this is where the differences lie!!! Really a big lie!! All the builders invested heavily in land and site preperation the last few years and went ahead and applied and paid for their building permits. Because of all the growth in our area many counties are either adding or talking about raising their per lot impact fees. In Cabarrus they now charge $14000 per lot, that is a lot of money for a builder building 100 homes, but last year Cabarrus approved at least 3 years worth of subdivisions and building permit approvals so this messes up the number a lot. But you all know I or you or the media can make the numbers say anything they want.

Waking up to another cold day In Charlotte, NC

Monday, January 28th, 2008

Wow! I just went and got the paper and it’s still pretty cold, was down to 20′ last nite. Very cold for us here in Charlotte, NC. But never fear yesterday it was 55′ and today the high is to be 58′, very nice day to look forward to. The sun is shinning very bright on all the frost in the yards and even my dog has lost most of her frost from the sunlight. I’ve a lot of things to take care of today, first in Charlotte near Eastland mall I have to take pictures of a home that was forclosed on a few weeks ago. For all you investors this will be another great deal. The home sits in Charlotte, NC on a little over an acre lot, it’s all brick ranch with a carport attached in with a rear entry. The previous owners have torn out the middle wall between the kitchen and living room to make one large area, however they did not take out the wiring, so it’s just hanging there. But other then that it looks pretty good. I’m going over to take pictures today so if you are interested in seeing them give me a call and I’ll have a link set up.

I hear a lot about real estate being slow around the country, but I just don’t see it here. There are still so many people moving here, and wanting to move here that I’m at the point of begging for a vacation from Charlotte north carolina real estate for a few days anyway. Good news it is coming soon, I’m going to the Keller Williams Family renuion in a couple weeks and it will be a good time to learn new things and meet lots of new people in Atlanta, Ga.

Actually my son Patrick has his brokers license and will be filling in while I”m away, and with all the knowledge my wife, Edith, Has of the Charlotte NC area she’s ready to start studing for her North Carolina Real Estate license also. This will give me a little break from time to time and better help you when you come to visit. One nice thing if when you talk to Pam, my assistant, if you know when you will be coming to Charlotte let her know, Thanks.

see ya soon
Gary

I had to wear a jacket!!

Tuesday, January 22nd, 2008

I must apologize to all you visitors to Charlotte, I finally had to wear a jacket the last couple weeks. Not every day mind you, but a couple of days it was pretty cold about 25 to 30 with some wind, made me feel pretty cold. Today about 2 or 3 oclock it was 35 and raining, felt pretty cold but I still didn’t need the jacket. Just cool. It’s hard to believe in Mint Hill NC it would be this cold, I think one nite at my house just off Lawyers Rd in SouthEast Charlotte it got down to 14. Now that is cold, real cold. At least we had some snow, just it rained afterwards and there was only a little left by morning. It was very pretty when I looked out about 2am but by daylight the rain had washed most of it away. Maybe this will be our year for the snow. I hope so, we love the fun and especially the kids in Charlotte building snowmen!!!! See ya soon.

Try BOOPSIE-Ever wish you could search the web without typing all those letters

Saturday, January 19th, 2008

I ran across this great program I downloaded to my Treo. But it would work much better for those of you that don’t have the QWERTY keyboard. You just have to type in a couple letters of what you are looking for and it will find the most popular searches for those letters. Pretty cool when you have to find something in a hurry, or even don’t know how to spell it (like me) But try for yourself go to boopsie.com and download it to you phone now. I think you will love it, what do you think?

There are no signs of a slowdown in Charlotte NC Real Estate market

Tuesday, January 8th, 2008

All I have to do is just look around me, there are signs of new homes being built everywhere. This real estate market is hot and ready to get hotter, you better hurry before the prices start going up too much! I can see the changes already….. With the recent Forbes article that Charlotte North Carolina Real Estate is the 3d lowest price in the nation, how can our prices stay down? And do you know who is ahead of us, Just Detroit and Atlanta have a lower price per square foot. What a deal Charlotte Real Estate is.

I live in Mint Hill NC and let me tell you new home subdivisions are being built here like crazy. There are a couple of new developments where the homes are above the $300K range with several hundred new homes sites. One called theSummerwood.com is giant. All of the homes have larger lots and there will be many manyof them. Both Shea and Pulte are the builder there. Once you drive thru some of the areas in Mint Hill, North Carolina you will see how much is going on here. It’s wild all the northerners that are moving here, only 80,000 new residents expected this year alone. Wow!

There is quite a bit of anticipation of the ground beaking for the Bridges of Lawyers, sooner or later it will happen I will get off I485 at the Lawyers Road Exit and head for Mint Hill and I’ll see the loaders and moving equipment out there working. Everyone is so excited and ready for that day. Must be pretty soon!! and it will make quite a change on our area.

See ya later from the Charlotte North Carolina Real Estate source!

Things you need to know about Charlotte North Carolina Real Estate

Friday, January 4th, 2008

Here are some things about Charlotte, North Carolina Real Estate that may help you with your move:

For some reason everyone wants to move here, guess there is a lot of open space. A nice long summer and short cold spells in the winter. Maybe we’ll even have some snow one day. Cool huh! Sometimes they close down the schools if they just call on snow. And you better get your bread and milk in advance for the store shelves will be empty when the weatherman mentions snow. Of course it snows here at least once or twice each year and we actually see some, and sometimes it will cover the grass. In 98 we had 20 inches at one time, an all time record. Monroe, NC about 30 miles east of downtown Charlotte was closed down from Sunday until the next Friday. In the Weddington NC area some places had 24 inches of snow, Amazing huh! Of course the snow was gone by the next week. It just won’t stay cold enough here to last. And we are all just like big kids when it snows, we all want to go out and play in it.

Here’s a link to the Charlotte visitors bureau http://www.visitcharlotte.com/default.asp

Here’s a link to the Charlotte Chamber and you can find out more then you want to know there!! Much more. http://www.charlottechamber.com/home.cfm

You like NASCAR? we’re the home of about 90% of all the big time race teams. Most of the drivers live on the lake (Lake Norman with over 500 miles of shoreline and lots of deep water and million $+ homes. www.lowesmotorspeedway.com

Maybe you like the beach and all it has to offer, well Myrtle Beach is just 3 hours or so south. http://www.mbchamber.com

Old town Charleston, with it’s civil war history, old slave market, and Battery around the south tip of the city is just 3 hours south also
http://www.charlestoncvb.com

The mountains skiing hunting hiking fishing, its all just a short drive from here. We’re a big city in the middle of the country. You can drive 10 minutes in any direction from the almost completed I485 beltway and see cows, chicken houses, horses, and farmers. What this means is the new homes are being built everywhere.

Some say Asheville is the mountains! The Biltmore house is there http://www.biltmore.com only the largest house in the USA or so they say. Or downtown Asheville with all the artists and quaint shops and stores http://www.ashevillechamber.org But I really feel like the ski area around Boone http://www.boonechamber.com and Grandfather mountain http://www.grandfather.com (from my grandpa Sharpe’s house it really looks like a grandfather laying down. It’s about 2 hours to the Boone area and about 2.5 to Asheville.

You just might want to check out some of the mountain lore and stop to see the Brown Mountain Lights between Boone and Morganton on Hwy 181 I saw them once
http://www.ibiblio.org/ghosts/bmtn.html really a cool trip, only sometimes you have to go several times to see them, If it’s cold enough tonite they might be out.

There are a lot of things in Charlotte also Discovery Place http://www.discoveryplace.org/home/discovery_place-home.asp

The http://www.blumenthalcenter.org Blumenthal Theatre downtown.

And the Mint http://www.themintmuseums.org

And the list goes on, you’ll never believe the number 1 tourist attraction is a mall, Concord Mills about 2 miles from the Lowes Motor Speedway. #2 is the Blue Ridge Parkway between Boone and Asheville http://www.blueridgeparkway.org

But in most cases about 20 minutes from the central city area or uptown, downtown, or center city as they call it today. About 100K people work downtown, so a lot of traffic heading that way and most of the homes within a couple miles of the downtown loop are above 500K. and higher. We are Building 25 condo projects in the center city area starting from the low 200’s up to some penthouses in the millions. But in the 20 minutes or so drive you can find a nice home 2000 square foot home with a two car garage priced around $200k and less in some neighborhoods.

The explosive growth of the city is south, actually south and east. If you look at the city as a clock with center city as the middle and 12 o’clock N toward Lake Norman and up I77 and south at 6 o’clock and I77 South, then the massive growth has been between 3 and 6o’clock with most toward Weddington at 5 o’clock. Now traffic is a mess in the south area so people are starting to look a little more North. But the south is where the growth is and every body wants to live.

Our schools are a mess, only around 120K in Charlotte Meck Schools. http://www.cms.k12.nc.us
We just hired a new superintendent Peter Gorman He might make a difference but has quite a battle on his hands with status quo!!
Many people with school age kids either move to one of the surrounding counties all with great schools, or put their kids in private or Christian school. But North Carolina is the #1 Home Schooling state so lots of parents also home school and there are lots of activities they can do, from sports to math and science together.
But should you decide in live in Mecklenburg, then living in the areas from 3 to 6 o’clock will give you the best schools. As good as you can get anywhere! Also the school board has approved a new High School near the Palisades www.thepalisades.info and it will make the area around Lake Wylie a great place soon, for the elementary and Middle schools are great already.
The school info site I use is www.schoolmatters.com also www.ncreportcards.org http://www.ncpublicschools.org/ http://www.greatschools.net/modperl/go/NC

Also sports is a big thing here, many attended ACC schools. Duke, and University of NC at Chapel hill are both just a little over 2 hours away with NC State another 15 minutes. Wake Blue or the color God colored the sky blue http://www.unc.edu

But I always say I bleed “Red” like everyone else for I went to NC State http://www.ncsu.com
Maybe you remember Jimmy V http://www.jimmyv.org

We are building light rail from center city down the 6 o’clock to Pineville, NC and it’s causing quite a stir in real estate prices. It has made it much easier to find parking for the Panthers and Bobcats games, just park somewhere on the light rail line and then the train stops beside Bobcats arena, and not too far from Panthers statuim.
http://www.lightrailnow.org/facts/fa_lrt_cha.htm It was opened right after Thanksgiving 07 and the ridership is much higher then expected.

Both the Panthers http://www.panthers.com/home and Bobcats http://www.nba.com/bobcats/bobcats_intro.html have stadiums in center city. Plus they are trying to build a AAA baseball park there, but many hope to wait on a major league team

I was raised 50 miles north of the center city in a small town called Stony Point, never been a traffic light, never. And I was born in Statesville just another 10 miles or so north of Lake Norman. My public high school senior class was so big there were 25 of us that graduated and we attended classes from the first grade thru 12th in the same building. I had 3 cousins and 10 other in my class and we were together all 12 years. All our parents knew each other and me and mom had the same first grade teacher (Mrs Sloan). But things are starting to change now with more and more Charlotte North Carolina Real Estate buyers willing to live an hours drive from downtown.
Wake Forest (Played in the Orange Bowl in 06) is about 2 hours north. And of course we have little old UNCC University of North Carolina @ Charlotte here.
People around here bleed one of two colors either dark blue Duke http://www.duke.edu or light grow up that way, about 20 minutes north of Lake Norman, but it’s still country.

There are nearly 30K homes and properties for sale in the MLS so we’ll need to narrow your search a little before your visit.

Plus I have some special deals worked out at a hotel just off I485 and Independence Blvd (Hwy 74) They have a continental breakfast and double room suites that are great for families.

Happenin’s In Charlotte North Carolina Real Estate.

Tuesday, January 1st, 2008

So one day I wake up and things in Charlotte North Carolina Real Estate are bad. Like really bad. Then the next day things are great and we are the top market in the country. How can this be, could it be that the media has no idea what’s going on in Charlotte, or in Real Estate in general. I really think you just read a few other articles about how bad real estate is in Florida, or New York and then you just make up a story about how bad things are here. Any one that has been to Charlotte, NC lately knows that things are still hopping here. Maybe not like they were in 06, but Charlotte Real Estate is very hot right now. We are one of the least expensive markets in the county. Only Detroit and some parts of Atlanta have a lower cost per square foot then us. When you think you can move to Matthews, NC and find a very nice home with 4 bedrooms and 2.5 baths and a two car garage with a nice .33 acre lot for under $250K and with a swim club and great schools close by, shouldn’t that make you want to move there also. Plus it was 60 degrees yesterday. but of course it was 30 last nite and going to maybe hit the teen’s the next couple nites. But just wait until next week it will be back into the 50’s and maybe even the 60’s. One thing I always say is give the weather 3 days and it will change, you can count on it. Come visit me and let me shown you around Charlotte, Mint Hill, Ballantyne, Lake Norman, Waxhaw and the other parts of our city that I think you will love. I’ll waiting on you.
See ya soon!
Gary