Laurens was a pleasure to work with during our recent search for a new home. She took the time to get to know me and my husband, our likes and dislikes and how we pictured our ideal home. She was thoughtful and listened to our feedback as she patiently showed us house after house. Working with Laurens was low-pressure and we always felt as though we could be candid with her. She was patient as our priorities shifted and found us exactly the home we were looking for. We look forward to working with Laurens again in the future!
Nearly 30,000 of the 648,000 households in the Charlotte-Gastonia-Rock Hill market earn income and benefits worth more than $200,000 per year, according to the study. That represents 4.6 percent of the metro area’s households.
Raleigh-Cary leads North Carolina in the percentage of affluent households, placing 52nd on the national list, with 5 percent earning more than $200,000. Durham-Chapel Hill is a close second in the state, with 4.7 percent of that area’s households above the threshold. The Queen City ranks in third in the state.
The nation’s strongest concentration of high-end incomes can be found in southwestern Connecticut, where 16 percent of the households earn more than $200,000 annually.
More than 4 million U.S. households — 5.4 percent of the national total — are above the $200,000 threshold. Percentages tend to run higher in the biggest metro areas, where the cost of living is more expensive.
Noratel North America Inc, a Europe-based transformer manufacturer, has located its U.S. headquarters in Charlotte. The new location will be at 2015 Ayrsley Town Boulevard, Suite 202.
For more than 86 years, Noratel has been producing transformers in one form or another. What began as a local manufacturer of radios and loudspeaker systems is today an international group of 16 companies in 12 countries with more than 2,300 employees. Noratel is a global supplier for transformers and reactors, has worldwide sales of approximately $140 million and offices located in Europe, Asia and now North America.
The firm’s products include 1-phase transformers and reactors (water and fan cooled); 3-phase transformers and reactors (water and fan cooled); Toroidal transformers and chokes (water and fan cooled); HF transformers, medical power supplies, DC power supplies, current transformers, aeronautical ground lighting series transformers and unit assembly services. You may click the following link for product details: http://en.noratel.ezpublish.no/
Noratel expanded to Charlotte because of good infrastructure with an international airport, an attractive business environment, a convenient time zone to Europe, reasonable living costs and proximity to many of their customers’ headquarters.
Noratel’s Charlotte office will provide sales and technical support services with the possibility of local stocking. In the next phase, the company will consider production within the U.S.
The Charlotte Chamber and North Carolina Department of Commerce assisted Noratel with expansion planning.
For additional information on Noratel North America Inc, please contact one of the following:
Noratel North America Inc.
Good Morning Everyone. Welcome to our first in a series of company-wide sales meetings this year. Over the past 3 months, I have met with most of you together with Laurie, Donna, or Bob to discuss your business plans for this year. The great majority of your plans conveyed a sense of gratitude for what you have and the opportunities before you.
Since this sense of gratitude was a common theme among our most successful business planners, I thought I would leave with you today three essays which convey a sense of self-worth and gratitude toward others. A positive mindset and a desire to help others are key ingredients to a successful sales program. Before we move forward with our meeting, lets take just 5 seconds to reflect on who or what we have to be thankful for… ok. Raise your hand if you were as thankful for Patty Adams as I am?
Slide #4 – Cunningham Slide
Other people I am thankful for are Rebecca Madej, Chris Tilley, David Gulledge, and Hang Cunningham for their outstanding mortgage partnership with us. I am very pleased to introduce Hank Cunningham to you. Hank is President of Cunningham and Company. He has more than 37 years of professional mortgage experience. He currently serves as chairman of the Residential Board of Directors of the Mortgage Bankers of America. Hank is also chairman of the Legislative Committee for the Mortgage Bankers of the Carolinas and holds the designation of Certified Mortgage Banker. Please join me in welcoming Hank Cunningham.
Scott’s changes in technology, Bryan Perkins, Holly Hester slides & printed material, Donna Hall & printed material, Laurie Knudsen & printed material.
Charlotte Metro Report: (FYI) Most of these charts will be published on our website later this week. This report was created and published by Moody’s Analytics in July 2011. They are forecasting that:
The unemployment state will steadily improve over the next for years.
Our population will continue to grow 1.5-2% per year.
Our single family permits will more than double in 2012.
Our existing home prices will slide 1.5% in 2012 and increase an aggregate of 11.5% by 2015.
Net migration in Charlotte has been positive for as long as I can remember. Cities which are big contributors to Charlotte population include: New York, Washington, Atlanta, Fort Lauderdale, Orlando, and Miami.
The Annual Home Price Appreciation Chart is published by the Federal Housing Finance Agency. In 2011 they depict price depreciation of 4.4%, which is in line with Moody’s and the stats published by our association.
Mecklenburg Single Family by permits were about the same in 2011 as 2010. For 2012, we are forecasting that double the number of permits will be issued as builders sell of their existing inventory and begin to build their pipelines; this is in line with Moody’s forecast as well.
The average sales price in Charlotte dropped 4% from $208,924 to $200,656. We forecast a 1% price decline in 2012.
The number of units sold in our MLS system rose 2.3% to 22,529 units. We forecast that the number of units closed in 2012 will be 23,205, which is an increase of 3%.
This slide shows the number of sales by price range in our MLS system. We believe we saw a big increase in sales in the 251-350 price range because this is the price range for buyers who are moving up from their first home and have gained some confidence in the market. In 2012, we will see continued strength in this mid-range price point. Homes priced up to $150,000 will continue to share a large part of the market as homes in this price range are released by the banks, which will turn into attractive 3rd party investment opportunities.
This slide is a history of total sales volume and total units sold since 2000. The dollar volume change from 2006 to 2011 dropped 53%. The # of units sold in 2011 is 22,529 units – a drop of 48% from 2006 levels.
Slide #12 – “The Trouble with #s, or why you Need a Realtor”
The Charlotte Observer did some pretty good research, which serves as the basis of this story “Housing Glut Looms”. However, they didn’t tell all sides to the story, which can create misunderstanding and confusion. Following are a few quotes from this article:
“For every home listed for sale in Mecklenburg County, at least two more are poised to come on the market.”
“It’s an epidemic”, said attorney Rick Mitchell, who sees a growing number of clients who have stopped making mortgage payments but have not been foreclosed on.
“The mere thought of shadow inventory makes potential buyers wary of investing in a new home”
When shadow inventory comes on the market, it typically sells at a steep discount, depressing neighborhood values.
“Shadow inventory is probably the most critical part of the equation in terms of getting a recovery going. It has a chilling effect”, said Mike Vitmer, Chief Economist at Wells Fargo.
But let me ask you to raise your hands? How many of you in this room have been involved in a multi-offer situation in the last 12 months? This article suggests that bank owned sales are an epidemic and they are pervasive… that bank sales are happening throughout the market.
In all MLS, the number of closed sales for bank owned properties is at a rate that is 70% higher than in areas 4-1, 5-1, and 6-1. In all MLS, the number of bank owned properties that are bank owned is 106% higher as a percent of listings than bank owned properties in areas 4-1, 5-1, and 6—1. Finally, the sold median price for the entire MLS for foreclosures and short sales is $70,000 and $130,000 respectively, vs. $161,950 for traditional sales in all MLS.
And if the Observer had gathered opinions from other sources like Zelman’s quote that “inventories of homes coming down, showing healthy declines or…
…from Nick Timivaos, who said, “Prices can stabilize as long as the “distressed” sort of home sales remains about one-third of all sales.” Also, if the Observer has shared these prices, then it would have been clear that the majority of bank owned business is in the lower price range of our marketplace.
Slides 16-23 just represent the back-up data for the Bank Owned Activity Summary, so I won’t spend any more time on them, but they do show a constant level of bank owned business over the past 24 months.
Briefly, here’s a few of the descriptions of a Ninja: self-improvement, knows the market better than their competition, great customer satisfaction, sales systems with proven consistent results, focused on what works. For those of you who have been involved with Ninja Selling over the past 4 years, you will recognize this description of courses which Zan Monroe has taught us.
And how do we reinforce our business strategy and coach and advise you, our business partners, to execute on these “Ninja Systems”? The answer is our team of managers and staff who all engage with you on many, many levels on a daily basis… as coach, as educator, as advisor, as friend.
We have the correct business strategy. We have the best systems and processes, and the managers and staff to help you execute. How will we sell real estate in the future? Active Web, our website provider, asked each of our 23 Enterprise Partners to try and answer this question. At your seat is my essay, and I would like to highlight some key insights as to how I think we will sell real estate in 2030. First, we must become masters of the real estate process. Our business becomes more and more complicated each day, and only the full time professionals will survive into the next decade. Here are a few excerpts…
This idea of sharing knowledge is the essence of Eric Thompson’s statement that “we will become masters of the real estate sales process.” We strive to become masters of the process by being informed about ALL issues effecting real estate.
So what is a REALTOR? A professional, full-time, fully engaged REALTOR is someone who, as Eric Thompson says, “is sort of like a hybrid REALTOR-Attorney, but much more.” A full-time professional agent has the knowledge and experience to provide choices or advice and/or guidance in the areas of contract negotiations, design, education, mortgages, appraisals, inspections, remodeling, taxes, investment strategies, market history, market trends, marriage, and family, and on and on and on. The nature of real estate and its transaction is heterogeneous in the extreme.
The internet has unleashed the information genie from the bottle and she will not return. This free-flow of information gives consumers the ability to make better, more informed decisions which will drive the real estate market to greater and greater efficiency. Ignorance cripples market efficiency, while sound data lets buyers and sellers make smart choices. In a choice-driven market, the consumers take the central roll and become drivers of change… So how will we sell real estate in 2030? In the end our clients and customers will shape this answer through their quest for richer and more timely information, greater transparency and well-defined service and performance standards. As REALTORS we recognize these interests of our clients and customers, and we will adapt and join them in their quest.
We are looking forward to an extremely, highly successful year this year. We will continue to focus on things we can control: the kind of people we hire and work with, the way we treat our customers, the quality of our service, our integrity, and our attitudes. Here’s to a fabulous 2012, and thank you for joining us today.
As an introduction, my name is Jerry Rudolph and I recently moved to the Charlotte area from New Jersey. Melissa Brown was my agent when I purchased my home in Fort Mill, SC (7001 Roxburgh) and I would like to tell you about my experience with her.
It started when my wife had read some good things about Melissa and asked her to show us some homes when we first visited Charlotte back in October. We were only in town for a weekend and spent almost an entire day with Melissa looking at homes. Despite the great interaction my wife and I had with Melissa over the phone and through email prior to meeting her, I was extremely guarded that day because of some terrible experiences I had with real estate agents in the past.
Many things happened between that first meeting and my eventual purchase, including me backing out of a contract due to some inspection concerns on another home. Throughout the entire process Melissa was absolutely amazing. She was always helpful by giving advice when we wanted it, and almost more importantly she was always patient and never pushed my wife and I to do anything we weren’t sure about. My greatest experience with Melissa came during the most stressful point in my purchase. My mortgage company had some last minute issues supplying the proper documentation and almost delayed my closing. This might not sound that horrible but when you consider I had long distant movers scheduled and I was leaving the next morning for a business trip, it was a surprise I was not ready for. I was beyond stressed and it was Melissa that was able to keep things moving and kept assuring me that regardless of what happened everything would be ok. We spent about 7 hours at the closing attorney’s office waiting for the closing documents to arrive. Melissa went above and beyond and never once made me feel like she didn’t want to be there.
Melissa is a true asset to Helen Adams Realty and I will continue to let everyone know what a wonderful experience I had. I will certainly recommend her to anyone I know that is looking for a home. If anyone ever requests a reference I would be more than happy for you to give them my email and/or phone number.
I would like to close by thanking you and Helen Adams Realty for employing such a wonderful individual.
Gerard (Jerry) Rudolph
My husband and I recently purchased a home with the help of Harry and Dot Munson and we could not have had a more possitive experience! Not only did we find the perfect house but we enjoyed the (realtively short) search! We only looked at 4 homes before we found our dream home! Harry and Dot really knew exactly what we were looking for and took us right to it!
Being that we were “property virgins”, Harry and Dot both really took the time to explain everything to us so that we were fully comfortable with our decision through the whole process. We will definately reccomend their services to anyone looking to purchase a home in the future!