Archive for November, 2007
Ben E King
November 30th, 2007 Categories: Things To Do Charlotte
Always loved Ben E King, and the Drifters. Check this out… Stand By Me- Timeless, for Kate and Andrew, for anyone…
Here are a couple of recent articles about the strong Charlotte real estate market by Forbes.com and ABC News 
I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High GateThere are more than 35 Charlotte galleries in total, I try and add new ones every week.You can learn more about me at Terry McDonald Real Estate.com or visit my Online Relocation Guide
People interested in moving to Charlotte, investing in Charlotte, or buying in Charlotte, you deserve expert representation. Give me a call and a try out, and I’ll work every day to make you a raving fan. Terry McDonald
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Charlotte NC Real Estate was #1 in Appreciation, say S&P Case-Shiller, Through the 3rd Quarter of 2007
November 30th, 2007 Categories: Charlotte Business
Charlotte NC Real Estate Still Appreciating, and Undervalued!
A Mea-Culpa, Some new Charlotte Business facts, a new video introduction to Charlotte and other Friday Ramblings by this Charlotte real estate agent.
So when you get it wrong, you get it wrong–earlier this week I reported Charlotte was #2 in appreciation, when in fact, by a couple 100th’s of a %, Charlotte was the fastest appreciating major city in the nation in the latest Standard & Poors-Case-Schiller housing report of the top 20 real estate markets in the US, leading Seattle, Portland, Dallas and Atlanta. Of course the headline was 15 of 20 markets were in price decline- and I hear it from Realtors around the country too.
Thursday night Federal Reserve Chairman Ben Bernanke spoke to the very well attended Charlotte Chamber and announced “flexibility”on his thoughts about future interest rate cuts. In his honor, I wanted to start our Charlotte Business category.
Charlotte NC Business Facts
Did you know that Charlotte is:
the 20th largest city in the nation
2nd largest financial center in the US, 4th largest in the world
8 Fortune 500 companies are located here
largest consolidated rail center in the US
10th largest airport in the US, 11th largest measured by daily flights
Charlotte Mecklenburg School System, 19th largest in the US. 5 high schools ranked in Newsweek’s top 200 high schools in 2006. Charlotte also ranks #1 or #2 at the 4th and 8th grades in the latest annual NAEP reports of lower socieoeconomic status
322 of the Fortune 500 businesses have operations here
The two reasons businesses cite for moving to Charlotte? First, is our highly educated workforce. 2nd, the quality of life for their employees.
Here are a couple of other recent articles about the strong Charlotte real estate market by Forbes.com and ABC News I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High GateThere are more than 35 Charlotte galleries in total, I try and add new ones every week.You can learn more about me at Terry McDonald Real Estate.com or visit my Online Relocation Guide
People interested in moving to Charlotte, investing in Charlotte, or buying in Charlotte, you deserve expert representation. Give me a call and a try out, and I’ll work every day to make you a raving fan. Terry McDonald
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Southpark, Charlotte NC|A South Charlotte Real Estate Market Report|Homes Available and Prices Sold
November 29th, 2007 Categories: Buy A Charlotte Home, south charlotte
Charlotte NC’s Southpark, the heart of South Charlotte
Southpark, just south of Myers Park, is the center of South Charlotte
and has long been considered Charlotte’s second downtown. It is now the 4th largest business district in the state, and home to the city’s best shopping, and some of the most magnificent homes in Charlotte. You will see from the Sold report below, this market is doing quite well!
Here is the Southpark Homes-for-Sale Market Report
There are, on the market today:
14 homes under $300,000
77 homes under $500,000, but more than $300,000
39 homes under $750,000, but more than $500,000
37 homes under $1,000,000, but more than $750,000
31 homes under $2,000,000, but more than $1,000,00
23 homes over $2,000,000– the highest? A $5.999M home, 11,279 sf on 4.7 acres
Now for sales information, SOLDS, based on the Sold Average Cost per Square Foot, 3month’s ending 10/30/07
Year Average Cost per SF SOLDS
2007 $197/sf
2006 $171/sf
2005 $158/sf
That yields a 3 year 25% appreciation rate. Very strong, and 2007 is running 16% ahead of 2006. Wow.
A couple of other recent articles about the terrific Charlotte real estate market by Forbes.com and ABC News I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High GateThere are more than 35 Charlotte galleries in total, I try and add new ones every week.
You can learn more about me at Terry McDonald Real Estate.com or visit my Online Relocation Guide with Terry’s video Intro to Charlotte
People interested in moving to Charlotte, investing in Charlotte, or buying in Charlotte, you deserve expert representation. Give me a call and a try out, and I’ll work every day to make you a raving fan. Terry McDonald
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Charlotte NC|Only Objectively Affordable City on List says Radar Logic|Fastest Appreciating City in the US, says Standard and Poors
November 28th, 2007 Categories: Real Estate News
Charlotte NC- Undervalued, Affordable and Appreciating Still! And South Charlotte is leading the way
“The only objectively affordable city on the list is Charlotte, N.C,
whose price per square foot is third cheapest in the country,” according to Radar Logic, a New York-based real estate research firm, as cited by Forbes. In these “undervalued” cities, “the real estate boom was driven by sustainable factors like job growth and economic expansion,” Forbes says, so says The SeattlePI.com quoting Forbes and Radar Logic-.
Charlotte Top of Five Appreciating Markets of Top Twenty US Housing Markets
Each month S&P/Case-Shiller® Home Price Indices ranks the top twenty US housing markets– it gave them a base line index of home prices in the year 2000, then has ranked them monthly since. Charlotte ranked 2nd in growth in home prices over a year ago. The news on the whole was Not Good for the housing market, with 17 of the top 20 markets in decline, price depreciation from a year ago. Here then are some of the winners and the losers, comparing August ‘06 to August ‘07: Charlotte home prices up 5.6%, Seattle home prices up 5.6%,Portland home prices up 2.8% – Atlanta and Dallas had increases of less than 1%
The losers, over 5% drop in value: Las Vegas, Detroit, Miami, Tampa, Washington DC, San Diego, and Phoenix leaving another 10 markets having lost in value less than 5% from last year. Trust me, this has lenders worried (terrified?) across the nation.
Interestingly, Charlotte’s 5.6% is higher than our 7 year average, of about 4.6% annual appreciation. I feel this latest research confirms the long line of folks who recognize Charlotte for its outstanding real estate fundamentals, what led Radar Logic to conclude that Charlotte was the 3rd most undervalued city in America., and what makes Charlotte an island in the storm for those wishing to invest in United States real estate, residential, commercial or land.
I said South Charlotte is leading the way, indeed it is on the residential front. A full South Charlotte Market Report is under way and will be posted soon. Stay tuned.
Commercially, its hapenning Uptown, and in Ballantyne and South Park, and along the South Blvd light rails line, and… you get the picture, the city is full of cranes!
A couple of other recent articles about the terrific Charlotte real estate market by Forbes.com and ABC News I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High GateThere are more than 35 Charlotte galleries in total, I try and add new ones every week.
You can learn more about me at Terry McDonald Real Estate.com or visit my Online Relocation Guide with Terry’s video Intro to Charlotte
People interested in moving to Charlotte, investing in Charlotte, or buying in Charlotte, you deserve expert representation. Give me a call and a try out, and I’ll work every day to make you a raving fan. Terry McDonald
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Charlotte NC Real Estate|Lake Norman Waterfront Homes Market Report
November 27th, 2007 Categories: Lake Norman real estate
Waterfront Homes on Lake Norman, 30 minutes from Charlotte
20 miles north of Charlotte, sits Lake Norman, the largest fresh water lake in North Carolina. Luxury homes abound! I’ll review the premiere communities at the Point and the Peninsula, the two premier golf and marina country clubs on Lake Norman in the near future. Remember, these are Lake Norman, on the Water, and on the Market. Not all have docks, or are able to have docks. Always check.The median sale price over the last year was just over $1Million US.
There are 25 Homes under $500,000- shacks (lovingly) on the lake, ready for teardown or remodel
There are 81 Homes under $750,000, but more than 500K
There are 76 Homes under $1,000,000, but more than 750K
There are 79 Homes under $1,500,000, but more than 1M
There are 49 Homes under $2,000,000, but more than 1.5M
There are 23 Homes under $3,000,000, but more than 2M
There are 18 Homes More Than $3,000,000 on the market today in Lake Norman… photos below are homes on the Lake representative of those above.
A couple of other recent articles about the terrific Charlotte real estate market by Forbes.com and ABC News I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High GateThere are more than 35 Charlotte galleries in total, I try and add new ones every week.
You can learn more about me at Terry McDonald Real Estate.com or visit my Online Relocation Guide with Terry’s video Intro to Charlotte
People interested in luxury homes, people who love boating and the water are considering Lake Norman, just outside of Charlotte, NC... shouldn’t you too?
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Myers Park|Charlotte NC| Luxury Homes in South Charlotte
November 26th, 2007 Categories: Buy A Charlotte Home, south charlotte
Myers Park, an eclectic collection of luxury homes in South Charlotte’s oldest suburb, has wide tree-lined streets with 100 year old oaks.
Built for Charlotte elites in the 1920’s,30’s and 40’s, Myers Park today is being rebuilt for todays elites- and you’ll have to see it to believe it.
Here is the Myers Park|South Charlotte market report:
There are 17 Homes under $500,000- many are ready for rehab, upfit and remodel
There are 18 Homes under $750,000, but more than 500K
There are 23 Homes under $1,000,000, but more than 750K
There are 18 Homes under $1,500,000, but more than 1M
There are 12 Homes under $2,000,000, but more than 1.5M
There are 13 Homes over $2,000,000…
The most expensive? $3,998,000 to a new 6000 sf English Country home on Queens Rd West� …homes below are representative of Myers Park, but not part of the market report above.
A couple of other recent articles about the terrific Charlotte real estate market by Forbes.com and ABC News I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High Gate
There are more than 35 Charlotte galleries in total, I try and add new ones every week.
You can learn more about me at Terry McDonald Real Estate.com or visit my Online Relocation Guide with Terry’s video Intro to Charlotte
People interested in luxury homes in south Charlotte are considering Myers Park, Charlotte, NC,.. shouldn’t you too?
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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A Post Thanksgiving Greeting from Isla Del Sol, St Petersburg, Florida
November 24th, 2007 Categories: Things To Do Charlotte
Charlotte NC to St Petersburg, Florida|Great sun, great water, and a large family gathering at a pair of condominiums at Isla De Sol in St Petersburg, Florida…
(one of the things we love about Charlotte is that you can be in central Florida or Washington DC in a days drive, or 75 minute flight)
made for a great Thanksgiving for the McDonald- Richards clan… an engagement announced, a turkey eaten, a hot tub enjoyed, shrimp and margaritas, and a great 4 days off the real estate and blogging trail…
About 30 minutes south of Clearwater, Isla Del Sol is an island on the Pinella Bay Expressway, on the way to DeSoto Park (best beach in the world 2006) and St Petersburg Beach. This island community has low rise – 2 story, and mid-rise elevator buildings. Surrounded by a golf course, this is Florida easy-living at its best.
The real estate? We saw a very nice 2br, 2 ba condo for $249,000. Who to call? That would have to be none other than Cyndee Haydon, (727) 422–8901 our veteran
Clearwater-St Pete Beach broker. After a great afternoon on the beach, we enjoyed the sunset at 5:37 pm…
How about real estate in Charlotte, NC?
Our Charlotte market is strong and healthy, and UNDERVALUED (Forbes) based on a strong local economy that is creating well-paying jobs…Charlotte has a four season climate, lake living, 90 golf courses in the immediate area and, for the over 55 active adult’s there is a Del Webb community-Sun City Carolina Lakes. So if you are interested in in a 2nd home, a retirement home, but don’t want to be in Florida, visit Charlotte NC, and I’ll be glad to show you around. That’s me and Cyndee below.
A couple of recent articles about Charlotte real estate by Forbes.com and ABC News
I have great pictures at my Charlotte smugmug galleries: Uptown The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate-
There are more than 35 Charlotte galleries in total, I try and add new ones every week.
You can learn more about me at Terry McDonald Real Estate.com or try our Online Relocation Guide complete with a video Introduction to Charlotte
For the expert in Clearwater Beach Real Estate here is Cyndee Haydon’s website
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Charlotte NC|Demand for Office Space is Tight, despite national trends, so says the Wall Street Journal…
November 20th, 2007 Categories: Charlotte Business
Charlotte, NC
Demand for Downtown Office Space Is Strong
By Maura Webber Sadovi WSJ
Wachovia to the left
These are heady times for Charlotte, N.C.’s commercial real-estate market, which is holding strong against the impact of a nationwide crunch in the financial sector. Although the metropolitan area’s banking-centered economy can’t escape the pinch entirely, its crowded downtown office towers make landlords in most other cities envious.
With 2.6% of its downtown office space available to lease, the Queen City’s third-quarter vacancy rate was the country’s lowest, according to a nationwide survey of central business districts by CB Richard Ellis
unfortunately the rest of this post is behind a pay per view window that the WSJ is clinging onto…
As most of you know, I post mostly on residential real estate and lifestyle ” happenings” around the city, so why this post? Because it is the commercial market’s stamp of approval on Charlotte–
People with a lot of money to invest, are choosing Charlotte, NC.
.. shouldn’t you too? Call me direct at 704-351-1519, and I’ll see you in Charlotte!
A couple of other recent articles about Charlotte by Forbes.com and ABC News
I have great pictures at my Charlotte smugmug galleries: Uptown The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate-
There are more than 35 Charlotte galleries in total, I try and add new ones every week.
More about us at Terry McDonald Real Estate.com Online Relocation Guide-video Intro to Charlotte
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Charlotte, NC:Homes Available in Dilworth|A Charlotte Community Report
November 19th, 2007 Categories: south charlotte
Dilworth,Charlotte’s first suburb, is a charming community
of craftsman style houses laid out early in the 20th century, about 100 years ago. It is very popular for those who want “urban” living, with a suburban address. Campy and never boring, Dilworth has enjoyed a renaissance of reconstruction, enlargement, and appreciation. Here is the market breakdown:
16 homes for sale under $400,000 (ready for your offer and remodel)
12 homes for sale under $600,000, and more than 400K
17 homes for sale under $800,000, and more than 600K
29 Homes for sale over $800,000
Dilworth remains a popular appreciating area, very close to town. The new Lynx train stations are spurring development along its western corridor, and there are still a few home to rehab, upfit and profit… The most expensive rings in at 1.3M– it is a beauty…Call me direct, I’ll e-mail you the listings in any price point on your Dilworth home.I have additional great pictures at my Charlotte smugmug galleries: Uptown The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate-There are more than 35 Charlotte galleries in total, I try and add new ones every week.Call me direct at 704-351-1519, and I’ll see you in Charlotte!
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Charlotte North Carolina Real Estate|It Just Keeps Getting Better! ABC News
November 19th, 2007 Categories: Charlotte Business
In a Yearlong Housing Downslide, Charlotte Keeps Getting Better
People Are Flocking to Charlotte Where They Get More Bang for Their Buck
The full story and a similar story from Forbes. com ( I am not paying these guys really!)
It is nice to get some good real estate news from media! Like to Visit a few Charlotte Communities? Here are some favorites… (it is what we do here!)
REQUEST INFORMATION ON INVENTORY BARGAINS HERE
Sun City Carolina Lakes (Ft Mill)- a Del Webb Community, just south of Charlotte, condos from the 180’s SF, from 220’s Deals Here!
The Palisades, Charlotte- Resort style living- great tennis, equestrian and golf- on 1500 wooded acres, 17 miles from Uptown. Unadvertised deals here.
Antiquity in Cornelius- the most exciting new Lake Norman area new home community- great deals on Meeting street homes
Brookhaven in Weddington- John Wieland’s amenity rich new home community in closein Union county. Prices from the 400’s and then from the high 500’s in the estate sections. Unadvertised deals
Or if you want a Golf Community, Charlotte Golf Course homes is the post for you!
I have great pictures at my Charlotte smugmug galleries: The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate-
There are more than 35 Charlotte galleries in total, I try and add new ones every week.
Call me direct at 704-351-1519, and I’ll see you in Charlotte!
Related Posts
Sun City Carolina Lakes
Charlotte Homes For Sale
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