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The Obama administration is going to ramp up the pressure on mortgage lenders to accelerate the loan modifications by highlighting firms that are slow in this area. The $75 billion Treasury Program would pay the mortgage lender $1000 that agree to lower troubled borrowers initially and then $1000 for the next 3 years. This program has received a lot of criticism for failing to stem the tide of foreclosures. To read the full story as reported by CNBC click here.
The average closing price for the Charlotte metro area was $196,204 for the month of October, 2009, which is down approximately 9.5% compared to the average closing price in October 2008. Average days from listing date to closing date was 140.7 in October, 2009.
There were 2210 total closed residential units in October 2009, up 16.4%, compared to 2008. The bulk of homes sales continues to be in the lower price ranges, with 89% of sales in the $350,000 and under category. The extension of the $8000 First Time Home Buyer credit until June 2010 will likely continue this trend.
The new tax credit bill also provides a $6500 credit to home owners who purchase a new primary residence – provided they meet income level requirements. This new addendum to the bill will likely increase home sales in the “move up” category, and perhaps raise the average home sale price for the Charlotte metro area.
Click below to see November 2009 Charlotte Real Estate Market Activity:
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According to the U.S Census 34 million Americans moved in 2007. According to Relocation.com’s search results Charlotte came up as #3 for most interest. CNBC posted the results today on their website. Click here to see a slide show of the top ten results.
On Saturday, September 19th, from 2-4 PM, there will be a Neighborhood Open House featuring three great homes currently for sale. Come tour close-in Woodbridge and see why folks love this neighborhood! The homes are located at 1730 Shagbark Rd. (MLS #881337); 2008 East Barden Rd. (MLS#877774); and 1323 Wandering Way (MLS#861002).
Woodbridge is so close to the best shopping in Charlotte!
South Park Mall and Phillips Place are minutes away. Ditto for Harris Teeter’s flagship grocery located at Morrocroft Village. A family favorite restaurant just down Fairview Road is Brixx Pizza- wood fired pizza made to order. And don’t overlook The Fresh Market, a terrific specialty grocer. Check out their meat department! My son and I grilled over an open campfire a memorable Fresh Market bought rib eye we willingly carried in our backpack this Labor Day while hiking 26 miles along the Appalachian Trail in the high country surrounding Mt. Rogers, the tallest peak in Virginia. Residents of Woodbridge don’t have travel or strain that hard to enjoy the same!
For more information on Charlotte Homes visit our website, www.helenadamsrealty.com.
CHARLOTTE REAL ESTATE Located conviently near Charlotte, NC and the town of Davidson, River Run is one of Charlotte’s leading golf course communities. River Run has all the ammenties you would expect including indoor and outdoor tennis, hiking trails, several pools with lazy river and water slide, Clubhouse and fitness center, childcare facility - all situated in a natural rolling terrain with century old forests, four lakes and a small town feel. 
River Run offers a wide range of recreation and entertainment options. The River Run Championship Golf Course at River Run Country Club, was designed by master course architect, Robert Walker. This challenging par-72 course is beautifully situated on 394 acres, making it a true pleasure to play. Brand new greens were installed summer/fall 2007.
River Run is located approximately 25 miles north of center city Charlotte, which is about a 30-40 minute commute in rush hour traffic.
For more information about homes listed in River Run please visit our website, www.helenadamsrealty.com
CHARLOTTE HOMES Sales are blooming for Simonini Builders; they have sold 4 spec homes in the past month in their Southpark area neighborhoods of The Conservatory and Park South Mews!
The flowers are blooming too in the gorgeous gardens of The Conservatory, their premier gated community off Park South Drive. You will want to see the 3 beautiful ready to move into homes that remain there!
Located just 1 mile from South Park Mall, Conservatory is a 2008 winner of national community of the year and homes are open and available to see or show Monday – Saturday from 11 to 6 and Sundays from 1 – 6, or always by Supra located at the main model.
For more information visit www.helenadamsrealty.com
CHARLOTTE REAL ESTATE Helen Adams Realty has a reputable history in Charlotte and an exceptional knowledge of the real estate market.
With over three decades of new home sales experience in Charlotte, Helen Adams Realty has developed an extensive network in the real estate industry. Our new home developments receive maximum exposure within the segments of the community most likely to generate sales. The Helen Adams Realty name is known for providing the highest level of personal service and real estate expertise. A partnership with our firm will ensure a successful sales process.
Helen Adams Realty understands new construction sales and marketing.
We are a leader in the industry, and our experience enables us to provide valuable market input to get the sales effort up-and-running quickly. Our years of success in marketing new home communities limits your risk, and our knowledge of the process minimizes the learning curve.
Helen Adams Realty will provide an experienced, talented sales team and support staff.
Members of our new construction team represent some of the finest real estate brokers in our company. Their professionalism, drive and insight will enhance the sales effort for the duration of your project.
Helen Adams Realty has a proven track record in new construction sales.
Since the early 1990′s, Helen Adams Realty has successfully represented over $835 million of new construction communities in the Charlotte area. As a result, our firm has become one of the most sought-after new home representatives in the industry.
For more information visit our website, www.helenadamsrealty.com
Helen Adams Realty provides up to date financial information for our investor clients.
We value your opinion and look forward to any comments or requests to enhance our investment category of this blog.
Information concerning real estate investment opportunities from our New Construction Projects will be posted when available.
| 52-WEEK | ||||
|---|---|---|---|---|
|
LATEST
|
WK AGO
|
HIGH
|
LOW
|
|
| 30 DAY |
4.78
|
4.61
|
6.49
|
3.98
|
| 60 DAY |
4.85
|
4.71
|
6.56
|
4.14
|
| ONE YEAR RNY |
|
3.375
|
3.375
|
3.375
|
| 52-WEEK | ||||
|---|---|---|---|---|
|
LATEST
|
WK AGO
|
HIGH
|
LOW
|
|
| 30 DAY |
4.673
|
4.569
|
6.566
|
4.099
|
| 60 DAY |
4.755
|
4.673
|
6.618
|
4.186
|
| 52-WEEK | ||||
|---|---|---|---|---|
|
LATEST
|
WK AGO
|
HIGH
|
LOW
|
|
| 1 Month |
0.47875
|
0.47000
|
4.58750
|
0.32875
|
| 3 Month |
1.25625
|
1.25125
|
4.81875
|
1.08250
|
| 6 Month |
1..77250
|
1.78000
|
4.39375
|
1.46500
|
| One Year |
2.07375
|
2.09500
|
4.23375
|
1.73750
|
| 52-WEEK | ||||
|---|---|---|---|---|
|
LATEST
|
WK AGO
|
HIGH
|
LOW
|
|
| 2 YEAR |
1.729
|
1.620
|
3.978
|
1.257
|
| 3 YEAR |
2.099
|
1.957
|
4.325
|
1.542
|
| 5 YEAR |
2.683
|
2.483
|
4.661
|
1.903
|
| 10 YEAR |
3.250
|
3.028
|
4.968
|
2.304
|
| 20 YEAR |
3.362
|
3.257
|
5.200
|
2.438
|
| 30 YEAR |
3.328
|
3.249
|
5.248
|
2.365
|
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TESTIMONIALS
Melissa was an absolute pleasure to work with! She is extremely knowledgeable about all aspects of the real estate market, from staging a house to comparable pricing in the neighborhood. She is very professional and especially articulate in dealing with the often difficult and ignorant sellers (myself included!), whom I’m sure make her job more difficult than necessary.ENTERPRISE NETWORK
