Wednesday, June 8, 2011

228 Freshwater in The Farms SOLD

This was a great deal on a foreclosure that I brought to a family relocating to Mooresville, NC. This home was built in 2004 by Zande builders, located in The Farms on 228 Freshwater was built as custom house and is one of only two waterfront lots that are in The Farms Community. The home with it's own private boat slip has 4637 square feet and I got it for $730,000 for my clients. This home had been on the market back at the peak in 2007 for $1,400,000. Was it ever worth $1.4, well no buyers thought so, but for $730k, it puts this at a price in the $150's per square foot. WOW. A waterfront lot, private boatslip, newer home, upscale development in the $150's per square. Not alot of those around, when you see them  act quickly.

 When the home inspector was out looking at the house for the buyer he turned to me and said "how do you find all these great houses at these prices". That's a pretty good compliment! He had seen another house I brought a buyer to the week before. If you are relocating to this area around Brawley School Road, please use a realtor that lives here and if this blog helps you gain local knowledge then please use me. I relocated in 2004 from Boston to The Point, have 3 kids at 3 different schools, play tennis and golf, I am on the ACC committee at The Point as well as PTO board at Woodlands Heights Elementary, so I have alot of local knowledge to help you make more informed choices.

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Charlotte Housing Market May 2011

Thought I would make a quick observation about our local housing market Charlotte, NC. These are the numbers from CMLS system for total homes sold for the month of May over the last 4 years:

2011 - 1638 homes sold
2010 - 2150
2009 - 1668
2008 - 2445

So the market activity is down 24% from last year and even to slightly lower than May 2009 when the economy was just past the brink of collapse and the Dow Jones had just touched under 7000. With lower activity comes lower prices. If you are a seller needing to sell, be realistic. If you are a seller hanging on to a price thats unrealistic then you are helping someone else sell their house as your's gets used as a reference and makes another house price more appealing. Bookmark and Share

107 Squam Ct The Point SOLD

This waterfront home for sale in The Point Lake and Golf Club closed on Monday for $1,053,000. It was originally listed last June at $1,249,000. The home built by Arcadia builders in 2005 is 3874 square feet which converts to a price per square foot at $272. Tax Value is $1,024,260.
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164 Polpis Rd in The Point sold

This waterfront home for sale in The Point on Polpis Rd closed yesterday for $1,310,000. The home sitting on just under an acre is 5666 square feet, putting the price per square foot at $231.
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