Thursday, March 26, 2009

The Farms homes for sale

The Farms community currently has 28 active listings available and 2 conditional; listings. Prices range from $449,000 to $1,175,000. Bookmark and Share

Interest Rates




My husband, Peter is an investment advisor, he sent this out to his clientele and I thought it pertains to housing as he sees us in "The Last Great re-fi"




Here’s a chart that’s disconcerting relative to future inflation as measured by the CPI index. Interest rates will correlate to the CPI, so as gov’t spending goes, so goes CPI and so goes rates. However, this is not an immediate effect, the CPI is not going up tomorrow, this is something that is longer term out, but at this point looks to certainly be in the cards, unless new information down the road changes this. Just as we saw and alerted you to the “last great bond rally” by via the inverted yield curve that started in late 2006-early 2007 and has always preceded every recession, we now see very high odds of future inflation from unintended consequences of Government action and that is something that is also now present in a very steep yield curve that has preceded every recovery and again this is out 1-3 years and we now suggest we are seeing “the last great refi” of perhaps your lifetime, this may persist for the remainder of the year or so but soon thereafter inflation will push rates up. Lock up long term rates while they are on sale!!


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Wednesday, March 25, 2009

Price Changes

144 Union Chapel in The Point lowered from 2mil to 1,950,000 yesterday Bookmark and Share

Tuesday, March 24, 2009

Latest sale in The Point

A sale of a waterfront home on Great Point Dr. took place today in The Point at $239 per sq ft. This home also included a full equity membership. Good deals for buyers out there. Bookmark and Share

Local School Profiles

Learn more about Brawley Middle School, grades 6-8 click here

http://www.ncreportcards.com/src/schDetails.jsp?pYear=2007-2008&pLEACode=490&pSchCode=308


Learn more about Woodland Heights Elementary K-5

http://www.ncreportcards.com/src/schDetails.jsp?pYear=2007-2008&pLEACode=490&pSchCode=390

Learn more about Lake Norman Elementary k-5

http://www.ncreportcards.com/src/schDetails.jsp?pYear=2007-2008&pLEACode=490&pSchCode=336 Bookmark and Share

Exit 32 Coming Soon!!

Mooresville officials have said the new exit 32, off Langtree, will be open in July and expect that this will help ease traffic on Fairview by Lowes headquarters. Should also ease some evening commuter traffic getting off at exit 33. Bookmark and Share

Local Home Sales

YTD thru yesterday here are some local stats from MLS

The Point has had 3 homes go pending and 5 closed with prices ranging from $575,900 to $1,625,000. One home that sold was a waterfront for about $225 per sq foot. Interestingly, the home has two other good data points, it's recent sale is about 8.5% less than a sale in 2006 and it's current sale was about 10% higher than it first sold in February 2004. Given that prices from 2006 continued to rise in our area until their peak in 2007, these price points look pretty realistic to current market conditions.


The Farms neighborhood we've seen 1 home go pending and there have been 4 homes sold with prices ranging from $412,000 to $730,178. Prices per sq foot ranged from $95 to $186.

The Harbour at The Pointe has seen 3 homes sold this year with no current pendings. Prices in this very nice neighborhoood have ranged from $310,000 to $1,150,000. Interestingly, the latter home sale was at $183 per sq ft and waterfront. This beautiful home was on the market for only 21 days. Days on market can be a good indicator of value as we are in a buyers market. If you are looking to sell your home, it needs to be priced for today's market not 2007. Bookmark and Share

Monday, March 23, 2009

AIG name change?

Hearing AIG may change their name to IOU! The Witch Hysteria that took place in Salem MA in 1692 forced this town to change its name to Danvers in 1752!! How do I know such odd info, because my husband Peter, was born, raised and lived in Danvers for 40 years, until we moved here in 2004. Bookmark and Share

Saturday, March 21, 2009

Iredell Land Use Meeting Notice

Meeting: Monday, March 23 to discuss the new Iredell 2030 Land Use Plan. The meeting will be conducted as a drop in review from 5 to 8 PM with a brief presentation at 7 PM. It will be held at the Mitchell College Mooresville Center, 219 N. Academy Street, Mooresville in room 123.
I encourage you to attend if you are interested in the proposed land use and zoning plan for Iredell County visit the website www.co.iredell.nc.us/Departments/Planning/upcoming.asp they speak of The Iredell 2030 Horizon Plan: Preserving culture and heritage, protecting the environment, coordinating government systems. Cooperation, Diversity, Respect, Vitality. This sounds like it will be a great meeting - a lot of hot topics - Conservation and Growth how do the two work together? share your thoughts! Bookmark and Share

Friday, March 20, 2009

Ripple effects of larger real estate markets

The median home price in San Francisco Bay Area in February dropped below $300,000 for the first time in almost a decade. The median price fell to $295,000, down a record 46 percent from $548,000 a year earlier and reaching the lowest level since 1999, A total of 5,032 new and existing houses and condominiums sold last month in the nine-county region, up 26 percent from a year earlier. Bookmark and Share

Tuesday, March 17, 2009

Davidson Day School

I thought I would pass this along. I know some are always looking for alternative education - we moved to this area because of Lake Norman Elementary - then onto Woodland Heights we have been very pleased; the teachers are fabulous - but here is something - join your friends and neighbors for a heart-to-heart talk about education with Bonnie Cotter Davidson Day School Headmaster . Choosing a school for your child is one of the most important decisions you'll ever make. This is your opportunity to ask questions and get straight answers about today's educational challenges. You'll learn how Davidson Day School is uniquely positioned to meet these challenges and prepare children for the demands of the 21st century. As you explore the facts and weigh your choices, you can determine if this school is the ideal fit for your child and your family.
Tuesday, March 31, 2009 - 6:30 p.m. at The Courtyard Room, The Point Lake & Golf Club Bookmark and Share

Monday, March 16, 2009

Just Listed Waterfront


If you are looking for "great" waterfront without your shore being slammed, this one just listed today at 1,899,900. It's across from the 13th has 3 levels, a pool and beautiful sunsets with views of Little Mountain. Call or email me if you would like to see it.
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Case-Shiller 10 City Housing Composite


Here's a current look at the Case-Schiller housing index and the futures currently predicting a turn up in real estate next year.
Economics Professor Karl Case of Wellesley College and Robert Schiller of Yale are two leading authorities/experts on housing and housing prices. A few years ago they developed a way to hedge the housing markets with futures as they saw a significant bubble forming in nationwide housing prices.
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Saturday, March 14, 2009

The Wine Loft

If you haven't visited the new Wine Loft bar next to the new Harris Teeter on 150 I would recommend you do so. They have a full bar, an appetizer menu and a very cool, comfortable living room vibe going on. The owner, Clark Johnson, who is from New Orleans, has put together an nice upscale themed bar. Sort of feels like I'm in a Miami Beach bar with the draperies and couches, really nice for conversation. This a great choice for a night out, and be looking for La Crema Chardonnay on the wine menu soon and also be looking for the band Pointless to kick things up soon. You can visit them online at http://www.thewineloftmooresville.com/ Bookmark and Share

Friday, March 13, 2009

Homes Sales at The Point

Ok, we're 2 weeks into the month of March and here's what we've seen at The Point so far in pendings and in closed and that total is two. The Simonini house on the west side of Brawley, past the traffic circle (on Brawley,new) that's been on the market for as long as I can remember finally went pending! As well today a house in Sconset closed for $580,000, it's latest listing price was $595,000. This house was also a Simonini built and last purchased in the summer of 2007 for $701,000, looks like someone perhaps got a good deal at $168/sq. Bookmark and Share

Short Sale

See a professional when dealing with a "short sale" . In laymens term a short sale is when the lender agrees to accept less than what is owed on a property. House has a $600,000 mortgage but is only worth $500,000. A buyer offers $500,000. The bank is "short" $100,000 if it agrees to the short sale. .......remember:
Obtain legal advice from a competent real estate lawyer
Call an accountant to discuss short sale tax ramifications Bookmark and Share

Golfers house back on market

For those of you that know or played some golf with Mike Long and had been in his beautiful home, which he sold very quickly in June 2007, it's back on the market by the new owners. It's on a good spot on the 8th so no chance of getting hit unless you're really bad! give me a call if you want to see it or know of anyone who might want a home with nice golf course view! hope Mike is still enjoying the coast! - Bookmark and Share

Great Deal on House

This house is a great home to get into! was first listed at over $1m now $699,000 tax value $815,000. call me if you would like to see it. some fixtures are brass - needs a little updating but I think it's worth the look. Bookmark and Share

Wednesday, March 11, 2009

Saving Money

In times like these trying to save a few bucks makes sense. Here are the links to our local grocery store weekly sales.

Bloom

http://www.shopbloom.com/Savings/Specials/NorthCarolinaGO.aspx


Harris Teeter

http://flyer.harristeeter.com/HT_eVIC/ThisWeek/eVIC.jsp


Lowes

http://http://lowes.mywebgrocer.com/CircularMain.aspx?s=42168846&g=9169cfcc-223b-4bd6-a761-e866021d1002&uc=1BA1B3&st=A451103 Bookmark and Share

168 Dedham Loop

This is a really beautiful custom home, that shows better than new. Great waterviews and sunsets; an outdoor oasis! Vacation in your own backyard. Visit it at http://www.annielivingston.net/ and check out the virtual tour. Bookmark and Share

Summer sales data for the Lake Norman Area


Here is the summer sales data for the last 4 years. Hopefully we'll start seeing a pickup, but with the economy continuing to be tough, some sellers may need to re-adjust their prices to adapt to a slowing market.




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Did you know we were The Point's 300th family 5 years ago!



Here we are in February 2004, as seen in The Point newsletter for being The Point's 300th family. We loved the community then and we still love it now and have made some wonderful lifelong lasting friendships. Bookmark and Share

Bloom Grocery Store

How convenient to finally have a grocery store a bit closer to us here in The Point. What's funny to Peter and I is we have yet to go there and not run into someone we know. Bloom is the Mooresville version of "Cheers" where everybody knows your name. Bookmark and Share

My 1st post

Wow! This is exciting. I plan to update this daily blog frequently with things going on with the Brawley School Road area and especially what's up in the real estate market. But, it should be a fun place to share some ideas as you can comment on here as well. I hope to make this an informative site that hopefully you will frequently come back here and to let your friends know about. Welcome!!



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