127 Heathland Mooresville The Point Lake and Golf Club Priced to Sell!

This corporate relo home now priced at $799,000 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. 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   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  Coldwell Bankers United listing #945576

link to it's MLS listing by clicking here and typing in 945576

121 Marston Mills Dr The Point Mooresville Sold

This 6043 sq foot ranch/basement home located on the third golf hole at The Point Lake and Golf Club recently closed at $875,000, or at 95% of it's $925,000 asking price. Built in 2003 by Simonini Builders, the home closed at $145 per square foot and has a tax value of $1,109,930. Good deal for the buyers.

Today's Brawley School Road Traffic

Notice the extra traffic on brawley? It was due to the first full day of kindergarten at Woodland Heights for all the classes. I expect traffic to be similar to today for a couple more weeks when more mom's start using the bus. Traffic is usually a little lighter on Friday's and a little heavier on Monday's. In a few weeks some of the part time summer residents move back to their full time residence whichs helps the traffic also.

132 Chestnut Bay Mooresville Sold

 This 3931 square foot home built in 2006 by Zande Builders located off Blume road in the Beech Tree Bay Community has sold for $460,000. It was originally listed back in mid-late 2006 for $740,000 and ended up becoming a bank owned property with a gradually reduced list price until June 2010 when they lowered it to $529,900 and then shortly thereafter went under contract and has now closed. The selling price puts it at $117 per square foot; down from it's asking price of $134 per sq foot. The tax value is $622,480. Average home price per sq foot in Mooresville is $125 according to Trulia. The home was listed by Moss Realty.

Lake Norman Waterfront Homes below tax value

Click anywhere on this text to view an interactive chart with lots of data that shows the 13 homes that are currently priced below tax value, are waterfront properties, and in the Woodland Heights school district. There are 84 active waterfront listings and the only criteria to create this list of 13 homes is it must be below tax value.

click here

145 Pine Mist Mooresville

Now here’s a home that you can move right into! Absolutely nothing to do to the inside of this home – it is beautifully decorated and has a great floor plan. The masters suite is out of a magazine; soothing colors and attention to detail……….The kitchen is gorgeous not only does it have a keeping room within the area but also a large breakfast area to accommodate a large family. The best part about this home is the location – it will take you less than 5 minutes to get to Woodland Heights and it's priced to sell at $389,000 between $108-$129 per sq foot!! listed by me and Keller Williams MLS# 924901

click here for the MLS listing

How about adding a live web cam at a couple points on Brawley. What do you think?

397 Bayberry Creek in The Farms available

Here’s a rare find in the Farms that I just listed– this home is in pristine condition the homeowners have taken such great care of this home that you wouldn’t believe it’s been lived in. incredible triple crown molding on the main floor – custom woodwork from Strom Construction (and it’s great that the builder is still in business and actively building in the Farms)beautiful maple cabinets in the kitchen with a great breakfast area that connects to the screened in porch with seasonal water views. What I really like about this house is the secluded bonus room over the 3 car garage; it has a convenient entertainment bar for those late night movies! This is listed through Keller Williams by me. MLS# 966369

Click here to see the listing on the MLS system

National New Home Sales just released

New Home sales contracts signed for July dropped 12.4% to a seasonally annual adjusted rate of 276k close to the lowest annual rate on record which was May 2010. Average price was 196k vs 214k in July 2009 and now back to levels of 2004. Inventories of new homes moved up to 9.1 months supply. In the South housing starts are running at levels not seen since the late 70's and in some month's in early 80's. With household formation continuing to grow eventually supply will meet demand, just as builders overbuilt in the 2000's, they are now underbuilding, it will take time to catch demand, but it is a simple supply side economics issue.

Traffic on Brawley

Welcome, the school year has begun so plan accordingly. Soon enough the road will be done and we'll have nothing to complain about. If you think we have it bad, how about this 60 mile long traffic jam in China that is now 10 days old and expected to last for weeks, cars are moving 1 mile per day, read the WSJ article here.

Mt. Mourne IB School

Just a passing thought........talking with my oldest and how he's excited to get back to school (8th grade) at the IB school and we are reminded that this school is 1of 5 schools in the entire state of NC in which 100% of the students tested at or above grade levels last year. How's that for great schools in NC.

Brawley School Road traffic

Today is the last day to enjoy your commute on Brawley School Rd. if you need to leave between 6:45am -8:00am. I expect traffic will be awful starting tomorrow for the first day of school. It tends to ease up a little bit in about 3 weeks but still if you are in The Point or beyond get on the road by 6:45am.

I recall when we moved to The Point in 2004 Woodland Heights Elementary was not built yet so my oldest attended 1st and 2nd Grades at Lake Norman Elementary and the commute to school and back home was an hour! So, not much changed in 6 years. Can't wait for the road to be done!

July 2010 Existing Home Sales from NAR

Just released data today from NAR confirm the recent softness in real estate markets with July existing home sales down a whopping 27.2% from year ago levels. Total units sold were 3.8 million, way off from the expectation of 4.7 million. In the South we were 22.6% below last year levels and median price was down 3.3% from July 2009.

Inventory levels continued to grow reaching a 12.5 month supply and is at record levels. Distressed properties accounted for 32% of sales and interestingly 30% of closed sales were to cash buyers. The market remains a buyers market and sellers need to be realistic about their pricing and make sure your home really stands out from the competition. This website is filled with details you need to help you understand the current values in our local area such as The Point, The Farms, and The Harbour at the Point and areas off Brawley School Road. I also have several "pocket listings" so if you are a buyer in the The Point, contact me.
(read the full NAR release here)

Homes Sales over the last 30 days in Mooresville 28117

Click here for an interactive Google map with all homes sold in the 28117 zip code through CMLS over the last 30 days to August 9, 2010. This map I designed contains a significant amount of information for those interested in the details of recent home sales.

Highlights are:
36 Homes Sold
Average Price =$507,747
Average sales price/ list price = 96%
Average Price per square foot = $127
Average Square footage = 3882
Average Year Built = 2002
Only 12 sold for more than Iredell County Tax Value
Only 1 home sold for over $200 per square foot

 addresses included
126 Whispering Cove CT; 114 Avocet CT;149 St Charles LN;127 Hawksnest LN;146 Orchard Farm LN;
118 Morehouse AVE;115 Wilton PL; 199 Chandeleur DR; 135 Lynn Cove LN; 108 Yacht RD;
205 Templeton Bay DR; 113 N Audubon AVE; 124 Spears Creek DR; 156 Eclipse WAY;
115 Standish LN; 118 Ewart PL; 243 Woodstream CIR ; 108 Sandpiper DR; 121 Seabury DR;
256 Wood Duck LOOP; 708 Isle Of Pines RD; 105 Purple Finch LN; 106 Lightship DR;
125 Sapphire DR; 268 Indian TRL; 120 Fantasy LN; 165 Kilborne RD; 117 Sundown Cove DR;
105 Gammon Point CT; 132 Chestnut Bay LN; 111 Jase CT; 143 Palmer Marsh PL; 101 Egrets Walk PL;
268 Bay Harbour RD;  133 Vista Bluff LN; 152 Longboat RD;

Compared to the same period one year ago, the median home sales price decreased 7.8%

This report is from Trulia:

Average price per square foot for Mooresville NC was $125, a decrease of 3.8% compared to the same period last year. The median sales price for homes in Mooresville NC for May 10 to Jul 10 was $205,000 based on 203 home sales. Compared to the same period one year ago, the median home sales price decreased 7.8%, or $17,300, and the number of home sales decreased 32.1%.

There are currently 1,790 resale and new homes in Mooresville on Trulia, including 140 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Mooresville NC was $464,012 for the week ending Aug 04, which represents a decrease of 1.5%, or $6,831, compared to the prior week.

127 Thurstons Way Mooresville, NC For Sale

Look no further than this waterfront estate home for the most discriminating tastes.Panoramic views of Lake Norman, handcrafted quality construction, and a beautiful Cape Cod design. It is listed through CottinghamChalkHayes, Realtors  MLS # 945354. Take a tour of this beauty by clicking here

105 Gammon Point Court Mooresville NC The Point

This home closed recently for $755,000. Located on the right hand side of the 6th fairway, it has 4853 square feet and a tax value of $906,590. The home last sold in 2005 for $835,000. It's selling price per sq is $156.

346 Bayberry Creek Circle Mooresville, NC The Farms

This lovely home located in The Farms community recently closed for $492,000. The home has 3600 square feet for a per sqaure foot selling price of $137, right in line with the average and median prices we've been seeing in The Farms. This home last sold in May 2007 for $590,000. It's latest sale price represents a -16% decline in it's price and roughly in line with the 14% decline in the Case-Schiller indices for Charlotte over that same time period.

108 Yacht Rd Mooresville The Point

This home on the corner of Brawley and Yacht Rd recently sold for $1,150,000. This home has beautiful curb appeal, is located along on the 16th fairway bridge, has 6252 sq feet, a basement and a nice waterview. Selling price pe sq foot is $184. Originally listed in 2007 for $1,549,000.

106 Lightship Mooresville, NC The Point

This 6300 square foot basement home recently closed for $975,000. It is located across from the 13th green , the last house in the cove with it's own boatslip. It's selling price per square foot is $155, putting it well below average waterfront prices. It was originally listed at $1,499,000 in late 2007 and it's current tax value is $1,123,480.

Still a large supply of housing inventory to households

National Pending Home Sales down 18.6% vs. June 2009