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SouthPark Market Report JULY 2019

07/14/2019 by Debe Leave a Comment

SouthPark Real Estate Market Report JULY 2019

SouthPark Market Report ChalkboardSouthPark, that prestigious address that offers, not only wonderful proximity to everything Charlotte but, a lifestyle that is highly desirable. We are 12 minutes from Uptown and 12 minutes from Ballantyne (north and south) and the same distance from Cotswold on the east side and Dilworth on the west side. It really doesn’t get more ‘central’ than that, does it?! The central location in the city may just be the reason that SouthPark is one of the southeast’s largest live/work communities  as well.

A variety of housing styles fill the SouthPark community, ranging from 1950’s ranch properties in Beverly Woods and Barclay Downs to newer multi-million-dollar homes in neighborhoods like Quail Hollow, Carmel Park, Foxcroft, Sharon Hills, Royden and the exclusive gated communities of Morrocroft and nearby Seven Eagles.  The Harris YMCA, located at the corner of Sharon and Quail Hollow Roads, is also a legacy from theMorrison/Harris family. Read more about SouthPark neighborhoods here.

The latest numbers are in for June and the real estate market remains fairly strong in the SouthPark area.

SouthPark home sales continue to trend upwards, demonstrating that our community remains a hot spot to land when moving to the area! Here is the latest market report:

Average Sales Prices in the Zip Codes that make up the SouthPark community:

The inventory remains low with a  3.5 month supply, a strong sellers market.


New listings during the month of June were 1,935, fairly low inventory and very similar to the previous month.

There are currently 401 homes on the market.

Average sales price during the month of June was $502,103.

Average price per square foot during the month of June was $188.

List-to-sales price is at 96.2% in the SouthPark area.

There were 1,378 Closed homes in SouthPark during the month of June.

Average days on the market have increased slightly to 48 in SouthPark.


SouthPark Charlotte Map

SEARCH ALL SOUTHPARK HOMES FOR SALE


BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in SouthPark. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the SouthPark/South Charlotte area with you…and give you the grand tour too!

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!


SELLERS  

If you’re thinking of selling your Charlotte home, let’s talk! As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310

*References from any of our sellers are available upon request.  Read our reviews www.CharlotteRealEstateAgentReviews.com. 

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | SouthPark Market Report JULY 2019

Filed Under: Charlotte NC Home Buyers, Charlotte NC Home Sellers, Charlotte NC Real Estate Market Reports, Charlotte Relocation, In the News, SouthPark, The Latest on All Things Real Estate - Charlotte NC Tagged With: Charlotte Home Buyers, Charlotte NC Buyers, Charlotte NC Home Sellers, Charlotte NC Real Estate Agents, Charlotte NC Real Estate Market Reports, Relocate to Charlotte NC, Search Charlotte Neighborhoods, SouthPark Neighborhoods

3 Reasons We are NOT Heading Towards Another Housing Crash

02/21/2019 by Debe Leave a Comment

3 Reasons Why We Are NOT Heading Toward Another Housing Crash

3 Reasons Why We Are Not Heading Toward Another Housing Crash | MyKCM
Let’s examine the ‘why’ we are NOT heading towards another recession/housing crash
*Graphic provided by Keeping Current Matters

Almost DAILY I receive a call, text, email or Facebook or LinkedIn private message – “What is going on with the market? Are we headed towards another crash?” or “Is another recession in our near future?” or something akin to those questions. I can’t tell you how many people I have reminded NOT to listen to the ‘talking heads!’ Seriously, that’s all they are – they are speaking in general terms without any relevant data to back up their theories.

It’s very frustrating to an industry that is accustomed to combating the negatives, normally; we don’t need the help of the media or other ‘talking heads’ who truly have no clue just how local our industry really is.

With home prices softening a bit, I can understand, to some degree, that there may be a concern that we may be headed ‘toward the next housing crash.’ However, we are in a TOTALLY different market than we were during the bubble market we were in, twelve years ago.

Here are three key metrics that will explain why:

  1. Home Prices
  2. Mortgage Standards
  3. Foreclosure Rates

HOME PRICES

A decade ago, home prices depreciated dramatically, losing about 29% of their value over a four-year period (2008-2012). Today, prices are not depreciating, rather the level of appreciation is simply decelerating.

Home values are no longer appreciating annually at a rate of 6-7%. However, they have still increased by more than 4% over the last year. Of the 100 experts reached for the latest Home Price Expectation Survey, 94 said home values would continue to appreciate through 2019. It will just occur at a slower & lower rate. This is great news for home buyers who are nearing being priced out of the market. In fact, many have been already and many more would be if the rate of appreciating continued at the fast pace it was over the past 3-4 years.

MORTGAGE STANDARDS

Many are concerned that lending institutions are again easing standards to a level that helped create the last housing bubble. However, there is absolutely NO proof that today’s standards are anywhere near as lenient as they were during the period leading up to the crash.

The Urban Institute’s Housing Finance Policy Center issues a quarterly index which,

“…measures the percentage of home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates that lenders are willing to tolerate defaults and are taking more risks, making it easier to get a loan.”

Last month, their January Housing Credit Availability Index revealed:

“Significant space remains to safely expand the credit box. If the current default risk was doubled across all channels, risk would still be well within the pre-crisis standard of 12.5 percent from 2001 to 2003 for the whole mortgage market.”

FORECLOSURE INVENTORY

Within the last decade, distressed properties (foreclosures and short sales) made up 35% of all home sales. The Mortgage Bankers’ Association revealed just last week, that we currently have the lowest level of foreclosures in process since 1996 – less than 1%. That, to me, speaks the strongest to the point, we are nowhere near a recession.

Real estate statistics/data is hyper-local. Consult a local Realtor® for the local facts.

Bottom Line

After using these three key housing metrics to compare today’s market to that of the last decade, it becomes crystal clear that the two markets are simply nothing alike. We are likely in the midst of a much-needed market correction, taking real estate to a more neutral market than the sellers’ market we have been experiencing since 2013.

© Debe Maxwell | The Maxwell House Group | RE/MAX Executive | CharlotteBroker@icloud.com | 3 Reasons Why We Are NOT Heading Toward Another Housing Crash

Filed Under: Charlotte Featured Real Estate Articles, Charlotte NC Home Buyers, Charlotte NC Home Sellers, In the News, The Latest on All Things Real Estate - Charlotte NC Tagged With: Charlotte Home Buyers, Charlotte home sellers, Charlotte NC Real Estate Market Reports

Fort Mill, SC Market Report | OCT 2018

10/28/2018 by Debe Leave a Comment

Fort Mill, SC Market Report | OCT 2018

Fort Mill Real Estate Market ReportEven during the winter months, Fort Mill continues to be one of the Metro region’s hottest real estate markets.  Charlotte, being right on the state line of North and South Carolina, borders this popular South Carolina town.

A Fort Mill commute can be shorter to Uptown Charlotte than many areas within the city itself! This pristine South Carolina town offers a variety of home styles, prices, lake and golf course living and excellent schools.  Low SC taxes also draw a good number of our Charlotte area relocation clients to Fort Mill.

How’s the Fort Mill residential real estate market doing?
Here are the final numbers for November sales:

  • 82 Fort Mill single family homes sold and Closed in September, 2018.
  • Average list price was $394,904.
  • Average sales price, $377,018, a 95.4% list-to-sales-price ratio.
  • Sales prices in Fort Mill ranged from $170,000 to $960,000 last month.
  • Average heated square feet was 2,937 and sold at $131.17/square foot.
  • Average beds & baths, 4 & 3.
  • Most sales in a single community in the Fort Mill market were:
    • Four Seasons at Gold Hill – 3 sales
    • Masons Bend – 5 sales
    • Massey – 9 sales
    • Regent Park – 5 sales
    • Springfield – 3 sales
    • Waterside at The Catawba – 3 sales

Historical data via interactive graphics follow.

Average Sales Price – $331,728

Inventory – 2.8 month supply (STRONG seller’s market)

Average Days on the Market – 44

Average Number of Showings Per Listing (until Contract) – 16

Average Price Per Square Foot – $128

Number of Homes for Sale in Fort Mill (all types – new construction [listed], resales – condos/townhomes & single family homes) – 375

 


 

BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in Fort Mill, SC. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Fort Mill market with you…and give you the grand tour of this lovely area!

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

 


 

SELLERS

If you’re thinking of selling your Fort Mill home, let’s talk!  As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310 and let’s get started!

*References from any of our sellers are available upon request.  Read our reviews at www.CharlotteRealEstateAgentReviews.com

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

Search Fort Mill Homes for Sale

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Fort Mill, SC Market Report | OCT 2018

Originally posted at https://www.icharlotterealestate.com/fort-mill-sc-market-report-nov-2017/

 

Filed Under: Charlotte NC Home Buyers, Charlotte NC Home Sellers, Fort Mill SC, In the News, The Latest on All Things Real Estate - Charlotte NC Tagged With: Charlotte NC Buyers, Charlotte NC Home Buyers, Charlotte NC Real Estate Market Reports, Fort Mill Homes for Sale, Fort Mill Market Reports

Creekshire Estates Market Report OCT 2018

10/26/2018 by Debe Leave a Comment

Creekshire Estates Market Report OCT 2018

Living in Creekshire Estates in Steele Creek
Creekshire Estates is a wonderful neighborhood, located in the ever-popular Steele Creek community. Most homes in Creekshire Estates are Energy Star Certified (very energy efficient) as the community, built by M/I Homes, as an  Energy Star Partner.

The HOA dues are very reasonable and the neighbors, quite friendly. The convenient location makes Creekshire the kind of community that many Charlotte home buyers want to call home. The builder offered a 30-year transferable warranty as well, currently with 25 years remaining on the warranties.

Residents enjoy a fabulous community pool and a very social neighborhood in one of Charlotte’s most popular areas.

For those reasons, Creekshire Estates homes tend to command top dollar, selling in a relatively short period of time – especially in our current, hot market.


How’s the market in Creekshire Estates?

 

Here is the latest data on this popular Steele Creek community:

 

 

CURRENT INVENTORY – Less than a 1-month supply (0.8 months)

AVERAGE SALES PRICE – $346,581

AVERAGE DAYS ON THE MARKET – 28

AVERAGE PRICE PER SQUARE FOOT – $106.

AVERAGE TOTAL NUMBER OF SHOWINGS UNTIL CONTRACT – 12


 

BUYERS  

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in Creekshire Estates. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Steele Creek market with you…and give you the grand tour of this popular area!

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

 


 

SELLERS  

If you’re thinking of selling your Creekshire home, let’s talk! As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310 *References from any of our sellers are available upon request.  Read our reviews at www.CharlotteRealEstateAgentReviews.com.  

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!  

 


 

SEARCH ALL CREEKSHIRE ESTATES HOMES FOR SALE

View our incredible ranch with basement listing that was previously the model home!

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Creekshire Estates Market Report OCT 2018

originally posted at https://www.icharlotterealestate.com/creekshire-estates-market-report-march-2018

Filed Under: Charlotte NC Home Buyers, Charlotte NC Home Sellers, Charlotte NC Real Estate Market Reports, The Latest on All Things Real Estate - Charlotte NC Tagged With: Charlotte NC Buyers, Charlotte NC Home Buyers, Charlotte NC Home Sellers, Charlotte NC Real Estate Agents, Charlotte NC Real Estate Market Reports, Creekshire Estates

Market Report OCT 2018 – How’s the Real Estate Market in Providence Springs?

10/26/2018 by Debe Leave a Comment

Market Report OCT 2018 – How’s the Real Estate Market in Providence Springs?   

 ProvidenceSpringsInfo.com - top Charlotte luxury neighborhoodProvidence Springs, a community of 128 homes, typically does not have a large selection of homes on the market; Providence Springs has very low turnover year-after-year.  Some years, there are more relocation sellers than others and we are seeing a bit of a slow down in the relocation business this year. The economy continues to improve, as our Providence Springs market improvements continue also. So, if you are lucky enough to find a home for sale in this community, as a former resident, I can assure you that you will love living in Providence Springs.

 

If you’re a buyer, interested in a fabulous, neighborly community on the NORTH side of Highway 51 in a great school zone, visit www.ProvidenceSpringsInfo.com for more information on this popular Charlotte luxury community.  We know that you won’t be disappointed!

Here are the current real estate market stats for Providence Springs:

Average Sales Price in Providence Springs – $716,000

 

 

Average Days on the Market in Providence Springs – 40

Average Price Per Square Foot in Providence Springs, year-over-year – $171.00

Average List-to-Sales Price Ratio (what percentage of your list price you actually get when you sell it) – 95%

 

BUYERS

If you’re thinking of buying a home in Providence Springs (in the SouthPark area), we’re here to help! Many homebuyers are struggling to find a home in this tight market but, by keeping a sharp eye out and thinking outside the box, you’re more likely to find your dream home. If you’re currently searching for a home and need an agent who will search aggressively for you, let’s talk!  Give me a call or shoot me a text at (704) 491-3310.

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

SEARCH ALL HOMES FOR SALE IN PROVIDENCE SPRINGS


SELLERS

If you’re thinking of selling your Providence Springs home, let’s talk!  As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Also, check out our sales stats – we think you’ll love that we continue to get our sellers a higher list-to-sales-price ratio (more money for their homes) and in a shorter amount of time (fewer days on the market). We’re happy to share more information about listing your Providence Springs home or buying in this popular Charlotte luxury neighborhood. Call or text (704) 491-3310 and let’s get started!

*References from any of our sellers are available upon request.  Read our reviews at www.CharlotteRealEstateAgentReviews.com

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

 

© Debe Maxwell | RE/MAX Executive | The Maxwell House Group Real Estate | CharlotteBroker@icloud.com | Market Report OCT 2018 – How’s the Real Estate Market in Providence Springs?

Filed Under: Charlotte NC Home Buyers, Charlotte NC Home Sellers, Charlotte NC Luxury Homes, Charlotte NC Real Estate Market Reports, In the News, Providence Springs Neighborhood Market Report, The Latest on All Things Real Estate - Charlotte NC Tagged With: Charlotte NC Real Estate Market Reports, Providence Springs Neighborhood, Search Charlotte Neighborhoods

Ballantyne (Charlotte NC) Real Estate Market Report – OCT 2018

10/16/2018 by Debe Leave a Comment

Ballantyne (Charlotte NC) Real Estate Market Report – OCT 2018

Zip Code 28277 Ballantyne

One of Charlotte’s areas showing the most growth, the Ballantyne Charlotte NC area is appealing to those who want more square footage for the price, top ranked schools and close proximity to a thriving business center. Homes in Ballantyne range from affordable or luxurious townhomes to sprawling estates in Ballantyne Country Club, situated on the golf course. The Ballantyne area is pristine, clean, upscale and features shopping, entertainment and the list of popular restaurants seems to be growing by the month!

The real estate market in one of the nation’s most popular zip codes, 28277 (Ballantyne) continues to be a strong one and one most definitely in a sellers’ market with an average of a 2.2 month supply.

Here is the updated market report for the Ballantyne area of Charlotte, NC.

 

Average Days on the Market (DOM) last month, ranged from 18 – 55, as per the price ranges below.


 

Inventory in the 28277 zip code continues to be a strong sellers’ market with a 0.9 to a 4.1 month supply in the respective price categories below.

 


Average Price Per Square Foot are showing small gains, even in the $500K+ price range 

 

 


Sales Price Averages over a 5-year period began to level out last month with all price ranges showing slight positive gains, (less than 1%).


 
List-to-Sales Price Ratios in the 28277 zip code last month netted sellers from 96.2% to 97.9% of list price


SEARCH BALLANTYNE HOMES FOR SALE

14617 Rudolph Dadey Drive Charlotte NC 28277
1 / 48
$2,250,000
Single Family Home For Sale
Active Under Contract
6
BEDS
10
TOTAL BATHS
9,502
SQFT
14617 Rudolph Dadey Drive
Charlotte, NC 28277
Ballantyne Country Club Subdivision
9726 Wade Ardrey Road Charlotte NC 28277
1 / 30
$2,200,000
Land For Sale
Active Under Contract
4.75
ACRES
MECKLENBURG
COUNTY
9726 Wade Ardrey Road
Charlotte, NC 28277
 
11143 Mcclure Manor Drive Charlotte NC 28277
1 / 40
$2,165,000
Single Family Home For Sale
Active
5
BEDS
8
TOTAL BATHS
8,221
SQFT
11143 Mcclure Manor Drive
Charlotte, NC 28277
Ballantyne Country Club Subdivision
11840 Stephenson Court Charlotte NC 28277
1 / 48
$1,625,000
Single Family Home For Sale
Pending
6
BEDS
7
TOTAL BATHS
7,679
SQFT
11840 Stephenson Court
Charlotte, NC 28277
Ballantyne Country Club Subdivision
11131 Mcclure Manor Drive Charlotte NC 28277
New Listing - a week online
1 / 47
$1,525,000
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
6,023
SQFT
11131 Mcclure Manor Drive
Charlotte, NC 28277
Ballantyne Country Club Subdivision
12023 Royal Portrush Drive Charlotte NC 28277
New Listing - 3 weeks online
1 / 41
$1,500,000
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
7,210
SQFT
12023 Royal Portrush Drive #336
Charlotte, NC 28277
Providence Country Club Subdivision
6601 Seton House Lane Charlotte NC 28277
1 / 48
$1,499,000
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
6,266
SQFT
6601 Seton House Lane
Charlotte, NC 28277
Piper Glen Subdivision

 

 


BUYERS

Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in Charlotte. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Charlotte area with you…and give you the grand tour of our gorgeous city!

Hiring the RIGHT Charlotte Realtor® is critical to your home buying success!

SELLERS

If you’re thinking of selling your Charlotte home, let’s talk! As with everything in life, preparation is key and I will equip you with what you’ll need to get you, as seamlessly as possible, through the home-selling process. Call or text (704) 491-3310

*References from any of our sellers are available upon request.  Read our reviews at www.CharlotteRealEstateAgentReviews.com.

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success too!

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Ballantyne (Charlotte NC) Real Estate Market Report – OCT 2018

Filed Under: Charlotte NC Home Buyers, Charlotte NC Home Sellers, Charlotte NC Real Estate Market Reports, In the News, The Latest on All Things Real Estate - Charlotte NC, Zip Code 28277 Tagged With: Ballantyne Homes for Sale in Charlotte, Charlotte NC Real Estate Agents, Charlotte NC Real Estate Market Reports, Search Charlotte Neighborhoods, Zip code 28277 Homes for Sale

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Debe Maxwell, CRS
Realtor®/Broker
The Maxwell House Group
DebeM@ReMax.net  
(704) 491-3310
2901 Coltsgate RD, Suite 100
Charlotte, NC 28211

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