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Charlotte Area Real Estate News. Homes for Sale
Taste of Charlotte
I always look forward to this event. From the 1st to 3rd June in the heart of Uptown Charlotte, "Taste of Charlotte" is the area's Largest Food Festival. Enjoy an array of culinary delights as you choose from over 100 samples from Charlotte's Finest Restaurants. Enjoy live Entertainment on Center Stage; bring the kids to Adventure Village and Little Critter Camp, Quench your thirst with fine wines and specialty beers at Tavern at the Taste and much more!

Lowes Foods Taste of Charlotte attracts more than 150,000 people from Charlotte and the surrounding areas!

www.tasteofcharlotte.com

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

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Charlotte was voted 6th Place "America's Smartest Cities"
Research done by bizournals, Charlotte easily outrates more prominent Southern cities like Atlanta, Dallas and Miami in terms of brainpower. Its emergence as the Southeast's financial center has attracted a well-schooled workforce, with nearly 37 percent of the city's adults holding bachelor's degrees.
Percentage of city adults who stopped at each level:
Earned a graduate and/or professional degree: 10.5%
Earned a bachelor's degree: 26.0%
Earned an associate degree: 6.4%
Went to college, but didn't earn a degree: 22.1%
Graduated from high school: 20.0%
Dropped out of high school: 15.1%

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

Housing values are on the rise in Charlotte!

In case you missed it, the Office of Federal Housing Enterprise Oversight said last week that home values in the Charlotte area were up almost 9.1 percent the last three months of last year, compared to the same period in 2005.

While no statistic will tell you what your home is worth -- those figures are probably the most accurate measure of appreciation readily available. National economists have persuaded me that's true.

The survey isn't perfect, though. It measures repeat transactions on the same homes, which is good. But it includes refinancings, which some say skews the median value up. And it excludes "jumbo" loans of more than $417,000, which would skew the median down.

Here are some appreciation figures from other sources. All are medians for the Charlotte area, comparing the last quarter of 2006 with the same three months in 2005.

  • National Association of Realtors: up 8 percent.
  • S&P/Case Shiller: up 6.9 percent.
  • Zillow: up 13.3 percent.

Count them them all up -- and the news is still pretty good.

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

Housing prices slumping? Not in Charlotte NC!
The housing news isn't all grim. Even as prices sag nationwide, there are several cities in the country where home values are climbing smartly.

Charlotte, Raleigh, Portland, Ore., Boise, Idaho, Seattle, Salt Lake City, Houston and Austin, Texas, are among the cities bucking the national trend. Home appreciation there between the fourth quarters of 2005 and 2006 far exceeded the national average of 5.9 percent, according to the Office of Federal Housing Enterprise Oversight. In some markets, like Boise and Seattle, the appreciation jumped well into the double digits.

"All real estate is local, despite the headlines," says Lawrence Yun, the senior economist for the National Association of Realtors. Nationwide, the median existing-home price fell 1.3 percent, to $212,800 in February from $215,700 in February 2006, according to preliminary NAR statistics.

 How is your market doing?

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

Terraces at Stonecrest at Tega Cay

Sales and construction is underway for the Terraces at Stonecrest, a 145-unit one-story townhome project in Tega Cay. The developer is Tuttle Company and it will also include retail stores in walking distance.

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

Fort Mill School District

Fort Mill Schools recently bought 54.5 acres next to the future Nations Fort High School in Regent Park. The land will be used for one of two elementary schools planned to open in 2009, as well as a future middle school.

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

U.S. National Whitewater Center

A new restaurant, "Eddy", is serving lunch and dinner. Recently opened at the U.S. National Whitewater Center on the Catawba River, the restaurant is overlooking the channel and seats 90 guests indoors and a 100 on a patio. The menu is casual eatery and includes sandwiches, pizza, ribs, shrimps and grits, salmon and steak.

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

Catawba Interbasin Transfer

As it now stands, York County has joined several municipalities in appealing the proposed interbasin transfer that would gulp 10 million gallons a day from the Catawba River for the use for the citizens of Concord and Kannapolis. The N.C. environmental Management Commission approved the transfer on Jan 10. Under the proposed legislation, a 40 year cap and a 10 year review would be placed in water transfers. There is a requirement of economic impact statements on communities in the river basin.

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

Steele Creek Medical Plaza

Carolinas HealthCare System has plans to build Steele Creek Medical Plaza, a 40,000 square-foot medical office building on N.C. 49 next to Steele Creek volunteer Fire Department at N.C. 160. The two story building is expected to open by winter 2008.

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

Palm Tree Cove, a lake community near Lake Wylie

Palm Tree cove is a new lake community of S.C. 274 and Big Allison Creek near Lake Wylie. The community has 54 homes to be built on 46 acres. The builder is Oak Tree homes and four other approved builders. One waterfront home is available; the others are lakeside interior lots. Amenities include clubhouse, pool, and an interior boat storage that is gated and locked. Home sites are only a half a mile from the boat launch. The lots are quite large, .4 are to 1.25 with homes starting around 2500 sq ft. Ranch and 2 story homes will be available and owners can select their own floor plan. Prices start in the $400,000.

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

Palisades Episcopal School

The Palisades Episcopal School is planning to open its doors in August. The Palisades is of N.C. 49 near the Buster Boyd Bridge. The private school will offer kindergarten through 4th Grade in its first year and is planning to add a grade each year until the school covers K-8.  Future plans also call for a high school. Tuition will run for about $9500 a year.

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

Restaurant under way at Lake Wylie

There is construction under way on a Restaurant beside Lake Wylie Boat and Yacht Sales at the Buster Boyd Bridge on N.C. 49. The Joyner family is rebuilding the restaurant after it burned in October 2000.

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

Progress on the new Wal-Mart at Tega Cay

Wal-Mart already has a Store under way in Tega Cay off S.C. 160 which residents fought there for 3 years. The discount giant also has announced plans for additional stores on U.S. 521 in Indian Land (near Sun City) and S.C. 161 in Rock Hill. A Wal-Mart in Belmont opened last year

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

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Proposed Wal-Mart and Lowe’s Home Improvement in Lake Wylie

Wal-Mart and Lowes is planning to build stores at the former Bethel Lumber site at the intersection of S.C. 49, S.C. 557 and S.C. 274 in Lake Wylie

Crescent Resources will develop the center which is getting some backlash and support. The proposed Supercenter Wal-Mart  will cover 176000 square feet and will be open 24 hours daily.

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

Baxter Village in Fort Mill

The Old Mill Shoppe is the latest tenant at Baxter Village in Fort Mill. The store on Market Street sells unique furniture and collectibles made in the US, including Americraft, Dunroven House, Lt. Moses Willard, Byer’s Choice Ltd., Rowe Pottery and Yankee Candle.

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