A Luxury Home in Charlotte- Traditional, Arts and Crafts Low Country
Luxury home means a lot of things to different people: It has presence and curb appeal, it has a design, floorplan and details that work together in harmony, and well thought-out custom details and features that last, and create a Wow factor (s) along the way… and that’s just the house!
The luxury neighborhood-community in Charlotte is not typically gated, though some are, but the real question is still-
does it fit your family’s needs and lifestyle?
Fortunately we have lots of good choices. Yes, we have some “McMansions” (no I’m not offended by the name haha) in the outlying areas built in the easy money days, but Charlotte is home to many communities that rival the best in the US. Lets Look.
Lake Norman Weddington Waxhaw Lake Wylie Myers Park Dilworth Southpark the Point the Peninsula
Charlotte Luxury Homes
Terry McDonald
Real Estate Broker NC & SC
704-351-1519
The McDonald Team, Wilkinson and Associates, Broker
Relocation, Distressed Properties, First Homes, Luxury Homes
Top Team 2006, Top 10 2007, Top Agent 2008
LinkedIn: www.linkedin.com/in/terrymcdonald57
http://www.TerryMcDonaldRealEstate.com
http://www.CharlotteCommunitiesOnline.com
Follow me on Twitter @TerryMcDonaldRE
Charlotte’s #1 Video on You Tube- Introduction to Charlotte
Charlotte Homes Sold (Single Family Homes) Rose 12.5% in October
As dramatic as this is, it isn’t the 20% reported by the Charlotte Observer, which included townhouses and condos, and appears to include the much wider CMLS area. (Odd, I would have thought those additions would lower their numbers.)
I pull my stats from the same Carolina MLS, but I limit it to the 9 counties closest to Charlotte, see those details below. My figures show average home prices falling 8.4% from October 2008 to October 2009.
I’ve already reported regionally on October’s home sold numbers here at Weddington-Waxhaw Homes Sold and at South Charlotte Homes Sold I’ll look at Lake Norman and other areas next week.
Lets dig in and look at the First Home buyer and Luxury Home market, compare it with the Total Market.
Charlotte Homes Sold Under $250,000
In 2008, there were 1221 homes sold, and in 2009, 1450 homes sold, representing an 18.75% increase, 50% higher than the total market increase, reflecting first home buyer tax credits perhaps? Interestingly home prices fell only 1.36% in this market, to an average $76.68per sf
Charlotte Homes Sold Over $500,000, the custom luxury home market
In 2008, there were 117 Charlotte homes sold over $500,000, and in 2009, it was 115, representing a 1.71% decrease in sales, or 118% Worse than the market average reported above. Home prices in the Over $500K category fell 16% year over year to an average square foot cost of $160/sf in 2009.
See the Full Charlotte Real Estate Story
Terry McDonald
704-351-1519
The McDonald Team
Wilkinson and Associates, Broker
Top Team 2006, Top 10 2007, Top Agent 2008
LinkedIn: www.linkedin.com/in/terrymcdonald57
http://www.TerryMcDonaldRealEstate.com
http://www.CharlotteCommunitiesOnline.com
Follow me on Twitter @TerryMcDonaldRE
Charlotte’s #1 Video on You Tube- Introduction to Charlotte
Charlotte The Affordable City- Cost Of Living Comparisons
Charlotte remains a popular move to city- a growing economy is producing more jobs, physicians love it here, retirees and the over 55 set are a growing factors, as are young people moving into Uptown condos… and they all are asking themselves the same question– “if I make X, how far would my dollar go in Charlotte? What increase in my families standard of living could I expect?” I found this great calculator comes from Bankrate.com, their link is below… So you are making $250,000 in the New York City area, your job is portable, or you are retiring, and you are thinking of moving to Charlotte NC… How much more disposable income? How much better lifestyle would you have in Charlotte? this Calculator is from BankRate.com- link below.
| Change the values below and refresh listing to view the comparison. | ||
| City you are moving from: | ||
| City you are moving to: | ||
| Enter your current income:$ | ||
| Equivalent income in the city you are moving to: $105209.03. | ||
| You may take a 57.92% decrease and still maintain your standard of living. | ||
You can figure it several ways, but this shows if you bring your $250,000 income to the Queen City, you’ll more than double your standard of living…this explains the exodus of Doctors from the the northeast…
See the full post , Charlotte Cost of Living
Terry McDonald
704-351-1519
The McDonald Team
Wilkinson and Associates, Broker
Top Team 2006, Top 10 2007, Top Agent 2008
LinkedIn: www.linkedin.com/in/terrymcdonald57
http://www.TerryMcDonaldRealEstate.com
http://www.CharlotteCommunitiesOnline.com
Follow me on Twitter @TerryMcDonaldRE
Charlotte’s #1 Video on You Tube- Introduction to Charlotte
