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Charlotte Real Estate Blog by Angie Adams




Charlotte Area Real Estate News. Homes for Sale
Price Reduced on 1011 Theodore Lane in Taylor Glen

Taylor Glen, Indian Trail  -  Announcing a price reduction on 1011 Theodore Lane, a 2,006 sq. ft., 2 bath, 3 bdrm 2 story "Over $35,000 in Upgrades!". Now MLS® $193,900 USD - Reduced!.

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

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Affordable Real Estate Markets with Lush Price Growth!

Prices in these metro areas increased more than the 3.2% national average in the past year. And they are relatively affordable, meaning that at least 40% of the homes could be purchased by a family with the median income for that area.

Ogden, Utah+15.2%
Erie, Pa.+4.2%
Richmond+ 6.9%
Asheville, N.C.+10.9%
Charlotte, N.C.+8.6%
Beaumont, Texas+10.6%
Wilmington, Del.+5.2%
Raleigh, N.C.+ 7.1%
Source:NAHB/Wells Fargo Housing Opportunity Index;
Office of Federal Housing Enterprise Oversight.

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Charlotte Area posted the largest Price increase in the South

As reported by Bizjournals on 11-21-07. The Charlotte area posted the largest price increase in the South for existing single-family homes in the third quarter.

Prices rose 11 percent to $220,100 from the same period last year, according to the National Association of Realtors.

The local market was followed by the Beaumont-Port Arthur area of Texas, with a 10.2 percent gain to $129,100, and Corpus Christi, Texas, at $140,500, up 7.6 percent.

The median existing single-family home price in the South fell 3.6 percent to $180,800 in the third quarter compared with the year-ago period.

More here on Charlotte Home Prices

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Best U.S. Housing Markets

Reported by Forbes.com on 11/21/07. Home prices in Salt Lake City, Charlotte, N.C., and San Jose, Calif have continued to climb without so much as a hiccup.

In Salt Lake City, the median home sale price for the third quarter this year rose 14% over the same time in 2006, according to data released today by the National Association of Realtors (NAR). That's the biggest increase of the country's 50 largest metros measured. Prices in Charlotte, one of the country's most undervalued markets, surged 11%. In San Jose, they jumped 9.4%

More here : Best and Worst U.S. Housing Markets

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Townhome For Sale in South Charlotte (Area 5)

Front of home
Walk to Everything!

• 1,280 sq. ft., 2 bath, 3 bdrm 2 story "Townhome" - $95,000 USD - Best Price in area 5!

 -  Well kept townhome in excellent location. Walking distance to Carolina Medical Center, Carolina Place Mall, Shops and Restaurants! No car necessary, Bus Stop is nearby. Enclosed Brick Patio. Location, Location. Best Value in Area 5. Corner 51 and 486

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Charlotte is third-cheapest real estate Market in the Country

Forbes.com on Nov.13, 07 reported that Charlotte made the list for the third most undervalued real estate markets.

You're most likely to find undervalued real estate in cities where the real estate boom was driven by sustainable factors like job growth and economic expansion like Charlotte, NC

The city has quietly become one of America's leading financial centers: Its banking sector, anchored by Bank of America and investment subsidiary Bank of America, has continued to expand even as Wall Street takes its lumps.

Airlines are rapidly adding traffic between Charlotte and New York and between Delta, US Airways, Continental and JetBlue. There are 26 daily non-stop flights in each direction.

Read more here at Forbes.com:  America's Undervalued Real Estate Markets 

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

New Wal-Mart in Tega Cay with a Small Village Atmosphere!

The Wal-Mart off S.C. 160 that is under construction in TEGA CAY is beginning to look like a town Main Street. A pending rezoning request would give most of the remaining Stonecrest development a village ambiance.

Tega Cay City officials met last week to see what look they want for 29 acres on the development's north side bordering S.C. 160, Stonecrest Boulevard and Hubert Graham Way.

There are plans to request rezoning for 17 commercial acres and 12 more currently zoned for high-density residential. It would complement Wal-Mart, individual shops with second-story windows, a township feeling.

The 17 acres along S.C. 160 is expected to be rezoned from one classification, which would allow a strip mall look with a large parking lot, to another classification that would require clusters of shops with parking around them, more pedestrian-friendly areas and wider sidewalks, perhaps with sidewalk cafe’s and landscaping with a small village atmosphere.

Originally were planned an additional 12 acres for 74 townhomes along Hubert Graham Way, but there are plans to request it to be rezoned so he can put village-like shops and restaurants on it. It will be a tremendous tax base for Tega Cay for years to come.

It's possible another mini-anchor retail store also will reside on the 29 acres, but it is agreed it should not look like a big box.

Eventually, Hubert Graham Way will be extended to Gold Hill Road. The city will be responsible for a small portion near Stonecrest, and "Pennies for Progress," tax dollars voters approved to improve York County's road system, will finance the rest.

Wal-Mart itself was controversial when first proposed because Tega Cay residents did not want a big box surrounded by asphalt in their bucolic city. City officials, aware Tega Cay needed services that could not be provided by homeowner taxes alone, fought long and hard for the village look their Wal-Mart will have. In the process, they gained a reputation throughout the Southeast region, said a Wal-Mart spokesman, and the Tega Cay design has become a model for future Wal-Marts elsewhere.

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

New Fort Mill School Elementary Site

Fort Mill's seventh elementary school will be built west of Interstate 77 on Pleasant Road, the Fort Mill school board unanimously decided Monday night. The board voted to purchase about 20 acres at $85,000 an acre from Ruth Crook Adkins Family Ltd. Partnership. Total cost comes to $1.695 million rounded off, according to Pat Puthoff, district assistant superintendent of finance and operations. The site is on Pleasant Road between S.C. 160 and Gold Hill Road, across Pleasant from Whitley Road. The woodland slopes and contains no wetlands, according to Jim Britton of Southern Management Group, the district's planning and construction consultant. The board voted with little discussion.


by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Charlotte Home Sales decline in October 07

The number of houses sold in the Charlotte area fell 23 percent last month, and the average closing price also declined, according to the Carolina Multiple Listing Services Inc.

The number of closings dropped to 2,662 last month from 3,471 in the year-ago period.

The average residential closing price decreased to $217,504 in October from $219,268 in the year-ago period.

The average number of days homes were on the market was 124 last month. Nearly 50 percent sold in 90 days or less.

The housing data covers homes that have existed for at least a year and some newly constructed residences in Mecklenburg, Union, Iredell, Lincoln, Cabarrus, Gaston and Stanly counties.

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Angie's Market Watch for October 07
According to the Charlotte Regional Realtor Association statistics, the average home sales price for October was $217,504. The average sales price was down by -.01% over the same period last year. October sales totaled 3,262 out of approximately 23,150 listings, so it is taking almost 9 months for the inventory to turn over.

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Tega Cay plans 100-acre Park at Lake Wylie

Founders of Tega Cay are not kidding when they declared it a recreation community.

There about a dozen parks already available for walking, swimming, golf, tennis and more, the city is planning yet another: the 100-acre Catawba River Park.

A 10-acre portion owned by the city might open sooner, but City Parks and Recreation Director Charlie Funderburk estimates it will take five years of legal requirements, fundraising, planning and construction to open the complete multi-purpose facility, located below the Lake Wylie Dam at the boat launch and public access area. The city's 10 acres adjacent to New Grey Rock Road was donated by Cornerstone Development, developers of Gardendale.

Read more on Tega Cay here


by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Things you should do when placing your home on the Market!

One of the questions I am asked after a client decides to place their property on the market is, “What should I do to get ready?”  The first thing to remember is that we all have different tastes.  So don’t make a lot of major changes that might suit you but not the new buyers.  A buyer will make changes according to their own decorating preferences.

The key is to keep things simple.  The less clutter the better.  If things seem crowded, think about storing items or use this opportunity to make a donation to your favorite charitable foundation. 

Do make minor repairs such as leaky faucets.  

The overall first impression is most important to a prospective buyer. Outside, landscaping can make a dramatic difference.  Often something as simple as flowers lining a front walkway can make a more inviting entrance.

DON’T go to any great expense. 

One of the aspects of my assistance is that I can provide you with a list of qualified people to assist you in readying your property for sale. I have an excellent team of painters, handymen, gardeners and cleaning service. Visit my website www.AngiesWeb.com to learn more!

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Angie's Market Watch for September 07

According to the Charlotte Regional Realtor Association statistics, the average home sales price for September was $236,061. The average sales price was up by 9.2% over the same period last year. September sales totaled 3,067 of approximately 23,018 listings and time on the market jumped up to 7.5 indicating a major slowdown going into the winter months.

Also see: www.AngiesWeb.com

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Charlotte # 6 America's Fastest-Growing Cities

Recently published by Forbes.com:

6. Charlotte, N.C.

Population: 1.58 million

Growth since 2000: 19%

Median home price: $207,300

Charlotte's housing market continues to see strong growth in one of the nation's best job markets

For some city dwellers, more people mean more headaches. Roads become congested, trash accumulates and getting a reservation at a top restaurant becomes a Herculean feat.

But economically, it's generally a good thing. Increases in population, immigration and migration mean more money for the city and local businesses. It also helps to create a healthy housing market by introducing new buyers into the mix. Read more here

Also see www.Angiesweb.com!

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Greater Charlotte Home Price comparisons 2006/2007

Sales of new and existing single-family houses, townhouses and condos fell during the third quarter in the eight-county region of Mecklenburg, Cabarrus, Gaston, Iredell, Lincoln and Union counties and Lancaster and York in South Carolina. But sales prices generally rose.

Here are median* prices for the third quarter this year and last year:





$ 196,000

$ 205,500


$ 185,000

$ 145,140

Single-family houses

$ 237,000

$ 218,000


$ 226,000

$ 206,500






$ 138,000

$ 128,000


$ 125,000

$ 127,000

Single-family houses

$ 173,000

$ 169,000


$ 167,500

$ 163,000

-- * Median means half of sales were above and half below that point.

Source: Newton Graham Consultants


by Angie Adams NC/SC REALTOR® Broker | (Comments Off)