Saturday, May 29, 2010

110 Fitchburg Court The Point Mooresville

This home in The Point in Chatham Village also closed yesterday at $555,900. It was a bank owned foreclosure and it's latest list price was $600,000. The home was built in 2006 and has literally been on the market for 4 years mostly at $775,000. The sale price puts this at $127 per sq foot which is a great deal for the buyers and a little cheaper than some of the other foreclosure homes sold. This did not include a boat slip and will be difficult if not impossible to get one in Pier Z. Keller Williams represented the buyer on this home. Congratulations to the buyer on a great deal, welcome to the neighborhood.

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104 Masthead The Point Sold

This lovely home sold yesterday for $822,000 after being on the market for only 32 days and listed at $859,900. This sale puts this interior lot home at $198 per sq foot and above recent sales of interior's. I would guess this didn't appraise at the sale price but sometimes buyers don't care, this will help a lot as a comp. Probably sold due to circumstance right buyer, right house, right time. Kudos to Keller Williams as listing agent for getting a deal for the sellers, sometimes you just get lucky.

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Friday, May 28, 2010

127 Heathland The Point Mooresville

This home just came back on market yesterday, priced at $950,000. It's a corporate owned relocation that sits on a great location on the par 3 13th hole of The Point Lake and Golf Club. This home built in 2002 by Kingswood and Assoc. was first sold in 2002 for $899,000. This home has a beautiful waterview and really feels like a waterfront home when your'e in it as the only thing separating you from Lake Norman is a narrow patch of a par 3. The views are much better than alot of waterfront homes. If you are a golfer it's in a really good location, which I'll tell you why if you are interested. You will also love the sunsets from this location and the views of Little Mountain. The pictures posted for this home do not do it justice. If you want to see pictures when the home was occupied or want a buyers agent to represent you let me know, I am familiar with it, know it's history, so let me help negotiate a good deal for you. It's listed by Weichert, Realtors, Craven & Co MLS# 874228

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Lake Norman Food and Wine Festival

Next Saturday or Sunday June 5-6 at Kenton Place in Cornelius, the Lake Norman Food & Wine Festival is the place to be. In addition to wine tastings from 12 North Carolina wineries, the Lake Norman Wine and Food Festival will feature area restaurants and vendors, including Dressler's, The Creole House, Sangam Indian and more. The event will include a number of distinct areas including: the Main Tent, wine lectures and cooking demonstrations; the Wine Reservoir, the Restaurant Galley, small dishes from local restaurants; as well as a Merchants area, regional vendors and boutique offerings.

The Lake Norman Wine and Food Festival was founded to benefit local charities in need and has filed for its 501(c)(3) nonprofit status. The festival will be donating proceeds to Angels and Sparrows, Hope House and the Mooresville Soup Kitchen.

link to their website for more info Bookmark and Share

Thursday, May 27, 2010

Luxury Home Sales Bounce Back

This article in today's Wall Street Journal corroborates with what we are seeing in The Point and around Lake Norman as we currently have 6 homes priced over $2,500,000 under contract either pending or contingent/conditional with 5 of these in The Point and another just outside of it. The highest priced at $4,299,999. We have not seen such activity in the high end for a at least a couple years.

link to the article here Bookmark and Share

Crescent Resources to exit Chapter 11

Link to article in The Charlotte Biz Journal Bookmark and Share

Charlotte ranks No. 16 for quality of life, a Biz Journals company has ranked Charlotte 16th overall out of 67 cities for quality of life. Click here for an interactive chart ranking the various cities by numerous categories. Bookmark and Share

Tuesday, May 25, 2010

For Sale by Owner $698,000

Here's a home For Sale by owner in The Point, it's on the corner of Brawley School Rd. and Yacht Road. Built by Bealer in 2007. The square footage range is 3700 - 4500, putting the price range per square at $155-$189. It's listed thru MLS courtesy of online realty, mls 942278. I can work with the homeowner if there's a buyer who doesn't want to deal direct.

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Week in Review May 18- May 24 2010

For Mooresville Lake Norman Area 13-2

New Listings/back on - 22
Price Reductions - 29
Pending/Cont/Cond -6

The Point saw 3 homes come on the market for the week, including 2 new spec homes. Northshore subdivision has one new listing, which is a great Crescent built neighborhood and does not have alot of turnover, this is the only home for sale in that neighborhood. It's a good neighborhood to become familiar with when you're looking to move here to either use as comparisons or to move to.

One home sold in The Harbour at the Pointe, another great place to live. The range of prices of homes that sold this week was between $390k - 618.5k. The home at 618k is located in Donaldson Landing near the end of Canvasback and included a boat slip. It's another very nicely maintained smaller subdivision. The 3640 square foot home sold at $169 per sq foot.

The Point saw 4 price reductions on the week. The Harbour At The Pointe had two.

One home across the water from Vinnies that includes a basement is on the water and ranges between 5400-6500 square feet went conditional this week at a 725k list price. This home went on the market last year originally at $ 1149000, it is a short sale. Something to keep an eye on if the deal can't get worked out, let me know.

Activity still remains good. Bookmark and Share teenagers?

go to to get your FREE spicy chicken sandwich from Chic-fil-A. Bookmark and Share

Thursday, May 20, 2010

Week in Review May 11- May 17 2010

Real Estate activity for Lake Norman Area 13-2 only the week of May 11-May 17 2010

New Listings/Back on Market - 17
Downward price changes - 18
Pending/conditional - 9
Sold - 7 Bookmark and Share

A sign of a market turnaround? Maybe? Hopefully?

Interesting to see two new spec homes coming on the market by Simonini Builders in The Point. We haven't seen any spec building for quite some time and Simonini Builders were one of the first to peel back and pull out of Sconset a couple years ago, so they must be seeing some good things now.

Both homes, listed through the Crescent Communities Realty sales office, are on the smaller side for The Point. The lower priced home is listed at $554,900 ranges between 2300-2800 square feet so it's priced somewhere between $198-$241 per sq foot. A boat slip is available for $22,500 MLS#: 940855. The second home is priced at $758,900 with a range of 3400-4100 sq feet, put it at between $185-$223 per sq foot, including a boat slip, MLS#: 940881. Call me if you want to see either properties. Bookmark and Share

Wednesday, May 19, 2010

The Point Golf Course homes sold

This scattergram gives a different glimpse to information and depicts every home on the golf course in the point sold between 2002 and 2009 with it's respective price per square foot. Color markers are used to represent more than one sale of the same home.

 click on the chart.

The reason to use a quantitative approach like this is to turn numbers into knowledge which more information should help both sellers and buyers in their decision making process and aid in removing the emotions home selling or buying can have on logic. Bookmark and Share

Downtown Mooresville

Downtown Mooresville hosts A STARRY NIGHT DOWNTOWN this Friday night at 6pm. Dinner and music, tours and much more. Purchase your tickets today online at or at Ye Olde Mantel Downtown.

This will be alot of fun starts at Soiree, be sure to have a moore-tini at Soiree. Bookmark and Share

Tuesday, May 18, 2010

7 Things to Stop Doing Now on Facebook

Click here for an article about Facebook and some of the privacy issues they have going in.

Also ZD net has a short article about two different developer apps released yesterday to regain control of what's public. click here Bookmark and Share

271 Milford Circle Mooresville, NC

This 4585 square foot Kingswood built home on a waterfront cove lot in The Point with a shared dock sold on May 13 for $1,100,000. List price was $1,150,000. There was a similar uncleared lot that sold fairly recently for just over 400k, so figuring the land value at roughly the same value puts this home at $152 per square foot without the land. Total price paid per sq foot with land is $240. The home was first purchased in 2006 for $1,418,000 and put back on the market at $1,590,000
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Handy list of some Lake Norman Transportation Companies

  • A Taxi  - 704-777-2000
  • CATS - Charlotte Area Transit System 704-336-7433
  • Airport Shuttle 704-894-0796
  • Carolina Classic Limousine 704-892-0195
  • Enterprise Rent-a-Car 704-895-0513
  • Lake Norman Airport Taxi  704-662-0834
  • LKN Designated Driver  704-892-5000
  • Masters Transportation 704-618-2814
  • Ragin' Uptown Bus 704-451-7433
  • Yellow Cab 704-662-9222
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Monday, May 17, 2010

Please pass along this blog

If you find this site useful or helpful in learning more about the Brawley School Road area please pass the link to your friends, neighbors, co-workers etc. At the end of each post is a convenient way to quickly share the post to your facebook page, twitter account or to easily email someone. As I strive to continue to build readership your help is appreciated. If there is information you think I should write about either post a comment or send me an email. Thanks for all your support.

Annie Bookmark and Share

Sunday, May 16, 2010

Brawley School Road Work Updates

Sunday through Thursday night this week starting at 9:00pm Brawley will have some one lane closures for nighttime work. Not much traffic after 9:00 but plan accordingly. Bookmark and Share

Friday, May 14, 2010

Deals Deals Deals

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Privately sold in The Point

The majority of home sales take place through the traditional channels of using an agent. Periodically we'll find the details on homes that are sold by owner and it's interesting to compare how they did. A waterfront home in The Point sold earlier this month for $1,050,000. according to excise tax records. The home was originally purchased in 2003 for just over $1,200,000. It was put on the market for $1,775,000 in 2008 by a popular agent with alot of listings.This home was overpriced at $1,775,000, it was as obvious then as it is now, however and I'm just guessing here but this agent gets alot of listings that are overpriced and has alot of homes that don't sell and has alot of significant price reductions.....homeowners out there...listen up.... the agents that overprice your homes are doing a disservice to you, use your common sense and the more information you have about all the details of your competition will help you, that's what this website is all about.....buyers and sellers having more information than your typical agent even knows. So how did this sale stack up based on the square footage in tax records.... it sold for $179 per square foot........Since 2002, 162 waterfront homes have sold in The Point. How many of those do you think went for less than $179 per sq foot?  Email me if you want the answer. By listing this home originally by $275k more than what it should have been at that time, cost the seller a wonder he didn't get an agent involved again!! Price your house right when you first list it!! Bookmark and Share

What's in the news

Charlotte-area home sales jump 25%

Fannie Tightens Interest-Only Requirements Bookmark and Share

Thursday, May 13, 2010

Baseball complex gets formal unveiling

Nice article in The Mooresville Tribune today about the new Baseball Facility

It two years, the call of "Let's play ball!" might be heard loud and often in Mooresville.

The summer of 2012 is when officials hope to swing open the gates to a 25-field youth baseball complex in Mooresville, welcoming thousands of youngsters and their families each year who, in turn, will have a strong economic impact on Iredell County.

Originally unveiled last week, the project became official Wednesday when owners of America's Park LLC, along with town and county leaders, formally announced plans for the facility. They received final economic incentives from the county on Tuesday.

To be built on undeveloped land on Rankin Hill Road northwest of Mooresville, the baseball camp is touted as the country's largest youth baseball facility.

Its owners said they chose Mooresville over 26 communities in 11 states. read the entire article Bookmark and Share

The Harbour at The Pointe Mooresville

The Harbour at The Pointe is a terrific family community developed by Crescent Resources and located just as you enter The Point community. Homes in this neighborhhod can sell very quickly when they are priced competitively.There are currently 18 homes listed for sale from $397,000 and up. Click on this text to view an interactive map with details about the 7 homes that have sold in this neighborhood so far this year.

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Wednesday, May 12, 2010

Keller Williams the leading firm to sell your house in The Point

Check back often as this is updated continuously to give you more information about what's happening locally.
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Some of the Keller Williams Lake Norman team

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Thursday May 13th is RED Day at Keller Williams

RED (Renew, Energize and Donate) Day is a Keller Williams Realty service initiative dedicated to improving our local communities. All Keller Williams Realty associates in the United States and Canada were asked to donate their time on May 13, 2010 to renewing and energizing aspects of their local communities. Because of her constant commitment to the culture of our company, this day has been dedicated in honor of our Vice Chairman, Mo Anderson.

Check out this video from last year Bookmark and Share

Carolina Big Bass Classic coming to Lake Norman

If you like fishing, you'll love Lake Norman. You know if the pros fish here it's good. This weekend May 15-16 the Carolina Big Bass Classic with a grand prize $33,000 2010 Nitro Z8 with 200HP Mercury Pro XS. The host location is Midtown Sundries.

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Tuesday, May 11, 2010

Lake Norman Real Estate week in review 5/3/10 - 5/10/10

This area covers the Lake area from 150 to I-77 in Mooresville

New Homes listed/back on market -32
Sold - 9
Pending -7
Contingent/Conditional - 8

8 of the new homes listed are over 1 Million with the highest listed at 2.9 mil in The Point.
8 of the 9 homes sold were under 1 Million.

Activity and interest remains high.
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Price reduced in The Village neighborhood at The Point Mooresville

This unique home, listed through Keller Williams was reduced today from $999,000 to $899,000. This puts the price range based on the square footage at between $163-$195 per square foot. Schedule a viewing to check it out.
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Mothers Day 2010

Is there any better way to spend Mothers Day than with your family. Here I am with my 3 boys on the 9th green of The Point Lake and Golf Club.
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104 Waitsfield CT Mooresville, NC 28117 Lot for sale

This waterfront lot on Lake Norman, across the cove from the The Point's Lake Club and in cocktail cove has been on the market for more than 2 years. The list price was lowered yesterday from $850,000 to $650,000.
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Monday, May 10, 2010

Mother's Day at Shoals

Had a great dinner with my family at Shoals on Brawley School road yesterday. The Filet Mignon was awesome and it's Prime Beef. Only 2% of the restaurants in the U.S. serve prime, give it a try and tell Keith that Annie sent you. Bookmark and Share

Meredith Whitney speaking at a Hedge Fund Conference last week

Meredith Whitney, the famed banking analyst who correctly forcast the problems in the banking system due to real estate starting a few years back was speaking at a Hedge Fund conference last week and made the following remarks. Take a look at my earlier note on John Paulson and his positive comments on the housing market. Guess one is right and one is wrong.

"If you look at what happened last year, I would say a vast majority of the banking sector's profits and capital creation was government induced. In the first quarter, it's highly arguable that certain companies wrote up assets. People lowered their provisions on losses."

"What has kept home prices stable - and make note that politicians and banks are eating their own cooking because they really believe home prices are stable - they're stable because there's been a ton of inventory kept from the market. So if you control the supply, you can control the price without controlling the demand.

"Here's a statistic that I find fascinating. This is just for the top four banks. If you look at nonperforming assets - that's loans that haven't paid over 120 days - the size of that is 1.5 times all of the chargeoffs that banks have incurred since 2005. So you think credit has stabilized, mortgages have stabilized? Non-performs have ballooned so they've more than doubled since the beginning of 2009, and that's just stuff that has to start going on to the market, and interestingly, this quarter you're starting to see housing supply reach the market. That to me triggers another down leg in housing, so to me, I'm steadfast in my belief that there's going to be another double-dip in housing."

"There's huge growth in non-performing assets. These are numbers, apples-to-apples, on the four big banks. The issue is when does that stuff that's not paying come to market, and when do banks recognize the chargeoffs? I think you're going to see more of that in the second quarter and the third quarter. Does the supply move in the second quarter and then you report it in the third quarter? The timing may be weighted more to the third quarter. I just don't know. I think you see a huge leg down in asset prices when you see the supply reach the market. So no, it's not factored into valuations. No, it's not factored into bank guidance. And yes, I think it's going to be a big problem for the banks." Bookmark and Share

The Point waterfront lot sold today

The 1.3 acre Lot on Chatham Road in The Point sold today for $550,000. It's most recent asking price was $675,000 and had been reduced a couple times from an original asking price of $825,000. The lot is a waterfront lot and on the golf course. Bookmark and Share

Private Schools in Charlotte, NC

Charlotte Magazine recently wrote an article about "The Best Private School Programs" in The Charlotte area. Here's a link to the article.

They rank their top choice by various categories, some highlights are:

Band - Charlotte Catholic
Baseball -Charlotte Christian
Community Service Program - Charlotte United Christian Academy
International Studies - Providence Day School
Community Service Program - Charlotte Country Day
Men's and Women's Swimming Program - Charlotte Latin
Technology - Providence Day School
Science/Nature - Trinity Episcopal
Outdoor Education - Omni Montessori
Mock Trial - Charlotte Country Day
Men's Cross-Country - Providence Day
Football - Charlotte Latin
Women's Softball - Hickory Grove Baptist Christian
Learning Disabilities -The Fletcher School
Broadcasting - Charlotte Christian
Critical Thinking Program -Davidson Day School
Visual Arts - Providence Day
Mentorship -Charlotte Preparatory school
Learning Disabilities (Reading) - Dore Academy
English as a Second Language -Charlotte Country Day
Drama - Charlotte Christian Bookmark and Share

John Paulson calling for a V-shaped Housing recovery

John Paulson, the famed hedge fund manager known for making 15 billion dollars by betting the housing market was going to decline is speaking to his investors today and is now expecting that housing is in a V shape recovery and he expects housing prices to increase by 3-5% in 2010, followed by an increase of 8-12% in 2011. Bookmark and Share

The Point homes under contract

I had a customer ask me for a map of homes under contract. There are currently 22 homes in The Point under contract. This interactive map will provide you with details such as location, list price and the and prices per square foot. CLICK HERE
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Wednesday, May 5, 2010

The Point Golf course homes for sale as of May 5

click on this text for an interactive map of homes available and on the golf course within the Point Lake and golf Club Bookmark and Share

Mooresville to become home to 'Disney World of baseball'

Great news for baseball fans and especially my 10 year old who plays on the Lake Norman Wildcats travel baseball team.

By Megan Pillow

Mooresville Tribune

Published: May 5, 2010
Mooresville and NASCAR have been linked for years, but soon the town's name is going to be synonymous with another popular sport: youth baseball.Town commissioners announced Monday that a corporation affiliated with Cooperstown Dreams Park – a 22-field complex in New York often called the "crown jewel" of youth baseball, home to the American Youth Baseball Hall of Fame – has chosen Mooresville to be the site of an $18 million-$21 million, 25-field youth baseball tournament complex.The facility would be the largest of its kind in America, officials said."It's one of those deals that comes along once in a million years," said Commissioner Mitch Abraham.

The complex, to be called America's Park Mooresville – has been in the works since July 2009. To be built on approximately 111 acres off Rankin Hill Road on Mooresville's north side, the complex is scheduled for completion by summer 2012. It will bring in an estimated $35 million annually in tourism revenue during the 13-week height of its summer season alone and could be used by 95 to 103 teams per week for tournaments, officials said.
In addition to several hundred parking spaces and 24 standard ball fields, the project will feature a 4,000-6,000-seat stadium."This is the Disney World of baseball," said Commissioner Mac Herring.Commissioner Chris Carney said town officials were surprised to discover that Mooresville was a contender among other cities across the country which were also courting the project. But, said Carney, Mooresville had several things going for it.

To read the full verson of this article, see today's Mooresville Tribune. Bookmark and Share

great feature I just added

Click here to make this map interactive. These are The Point Home sales from last September to April 20, and provides some very nice information by clicking on the push-pins Bookmark and Share

This is a repost from March

This provides buyers and sellers in The Point with alot of good information as 2010 prices have remained around the same as 2009 but the level of activity has picked up.

2009 The Point Home Sales Statistics

We saw a total of 41 homes in The Point sold for all of 2009. Let's break down the pricing into 3 categories to see how the prices stack up (or down).

Homes sold Under 1 million:

21 homes sold for an average selling price per square foot of $160. Median square foot price was $162. Carving this into 3 categories of Distress sales which include short sales and/or foreclosures; New homes; and then resales we see the following trend;

Distress- 8 homes sold at an average of $149 per sq ft

New homes - 5 homes sold for an average of $158 per sq ft

Resale homes - 8 homes at an average of $175 per sq ft.

It's obvious that the Distressed sellers continue to put pressure on prices and that trend so far into 2010 is continuing. For the Buyers there are some great deals out there....take advantage of it!

on another note only 2 of these homes were sold above the Iredell county appraised value and the average selling price was 8% lower than the County's appraised value!! Hey, maybe it's time to apply for tax abatements!

The least expensive home sold was a tie between 2 homes in Sconset Village at $500,000. The size of these homes ranged from the smallest at 3,295 sq feet to the largest at 6,231 sq ft. The lowest selling price per sq ft was $130 and the highest was $207. That "backyard oasis" makes a difference in this category.

There were no waterfront homes sold under 1 million.

Homes Sold from 1 - 2 Million

14 Homes were sold in this price range and actually only 3 homes were sold at over 1.5 million and the other 11 at under 1.5 million. The average selling price per sq ft was $236. Markedly down from the glory days of 2006-2007 and Interest Only mortgages.

The breakdown: New vs Resale

New homes - 7 sold at average of $241 per square foot

Resale - 7 homes at average of $231 per sq foot

The breakdown; Water vs interior

Water - 10 homes at an average of $240 per sq ft

Interior - 4 homes at an average of $226 per sq

Waterfront ranged from a low of $187 per sq to a high of $285 per sq.

How "good" your waterfront lot really is made a difference in the selling price last year. Location, location, location.

Homes 2 million and up

4 homes in this category. one home sold at just slightly above 2 mil and the other 3 at over 3 million. The average selling price was $400 per sq ft. When these homes, which are all waterfront are added to the under 2 million waterfront it skews the averages a bit to the upside and these 3 million plus homes tend to be on lots that are the best in The Point so they belong in their own category. The most expensive home was at $512 per sq ft. There is waterfront and then there is WATERFRONT. In total The Point has had only a total of 8 homes ever sold north of 3 mil, with 2 of those over 4 million. Bookmark and Share

Keller Williams Mooresville is the top producing office!

Click on the picture have a look at the top 3 producing firms in Mooresville. It sure is nice being part of the top producing Real Estate office in Mooresville. The Keller Williams team of agents has almost 22% market share while second place is only 8%. Wow!! We've had 81 different agents delivering results so far. Way to go to the Keller Williams team! Think of Lake Norman Homes by Annie to help you with your real estate needs.

THANK YOU FOR YOUR BUSINESS!                 email ANNIE Bookmark and Share

Tuesday, May 4, 2010

Looks Like a Deal

This house in the Point is now being sold via short sale as of today. Tax records have the square footage as 6452 and tax appraisal of $1,007,990. It originally sold as a new home in 2007 for $1,315,000. The current price is now $925,000 which puts it at $143 per square foot, which for this home is a buyers deal and is 30% less than it's 2007 price. The home has a basement and a pool with Jacuzzi and most likely won't last at this price for very long so act quickly. Call me or email for details as I am very familiar with the home.
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Lake Norman Homes sold comps vs last 4 years

This chart represents the number of homes sold for the 1st four months of the year back to 2006. The blue bar represents total homes sold and the red bar is total homes more than 1 million sold. This is for the Lake Norman area 13 sub area 2 which is the Brawley peninsula, The Langtree Peninsula and the 150 peninsula. It's nice to see tha market coming back this year as we have 92 sold vs 54 last year.
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The Farms Community comps over last 4 years

Heres a look at the lkast 4 years over comparable time frames at prices per sq foot in The Farms. As you can see the average price since 2007 has dropped 20%.
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The Farms under conditional contract continue to show

This nice looking home located in The Farms went under conditional contract yesterday. Listed at 499,000 it looks like this is priced at $134 per sq foot. According to Iredell county tax records it's listed as being 3718 sq feet and has a tax value of 579,930.
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Recent updates to make this site easier to navigate

at the end of each post where it says "labels" if you click on it it will sort all of my posts to that category. So, for instance if you see "2010 Point home sales" it will give you only my posts related to that topic. Hope this site is useful to give you more knowledge and insight on pricing trends, and to know firsthand what just sold and at what price to help with your valuations, as well as to provide some insight into this area. Bookmark and Share

1785 Brawley School Road The Point Mooresville

This home sold yesterday for $530,000. Built in 2003, originally sold in 2004 for $555,000 it's listed  square footage is 3227, putting it's price at $164 per sq foot. This is inline with other properties on interior lots that have recently sold in The Point.
The tax value is $501,800 which makes this only the 3rd home since January 2009 and priced under 1.2 mil to sell for more than it's tax value in The Point. As a Realtor living in the neighborhood and really having a great understanding on valuations make me think the tax appraiser on this home was off and rightly so this home should have sold for more than the tax value listed. We tend to find the largest tax variations on waterfront lots, where the land can vary so significantly in price. People need to be careful using tax values as they can either be good or bad numbers. It takes alot of work to gather the data necessary and then to analyze those numbers to understand how and when they fit. I have worked with buyers who are insistent on using tax numbers and I have worked with sellers who are insistent on NOT using tax numbers. My job is to remove the emotions that a seller or a buyer may have and to help in putting values on properties as the market dictates. Sometimes the tax appraisals are good numbers and sometimes they are bad numbers, let my experience help you.

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104 Morrows Ridge Lane The Harbour at The Point Mooresville Sold

This home in The Harbour sold yesterday for $328,000, listed sq footage is 2375 putting the sale at $138 per sq foot. Tax value is $357,150.

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265 Milford Circle The Point

This home sold Monday for $1,235,000. It's listed sq footage is 4835 and is a waterfront home. It sold for $255 per sq foot which is encouraging given the fact that in 2009 the average waterfront home sold, that was priced under 2 million, was $240 per sq foot. Tax value is $1,427,230. It originally sold in November 2005 for 1.495m and was resold in 2008 for 1.35m.
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Monday, May 3, 2010

Builder Magazine's annual top 20 healthiest real estate markets for 2010

The Charlotte area was noted as #3 in this magazine's annual list of the healthiest housing markets. Also of note is the Carolinas made 7 of the 20 spots. They say the job market in 2010 is expected to add 2% more jobs and the high household formation of the area make it attractive.
For the full article click here Bookmark and Share