Charlotte, NC, Terry's Blog
I keep an eye on the Charlotte real estate market: its communities, its economy and the local micro markets.
RECENT BLOG POSTS
South Park Homes Available AND Prices SoldCharlotte NC’s Southpark, the heart of South Charlotte Southpark, just south of Myers Park, and has long been considered Charlotte’s second downtown. It is now the 4th largest business district in the state, and home to the city’s best shopping, and some ...
11/29/2007
Myers Park, an eclectic collection of luxury homes in South Charlotte’s oldest suburb, is a short 7 minutes South of Uptown Charlotte, Bank of America, Wachovia.... it has wide tree-lined streets and boulevards, with 100 year old oaks. Built for Charlotte elites in the 1920’s,30’s and 40’s, My...
11/28/2007
I recently had a customer interested in a luxury home in the greater Charlotte area, homes priced between $1.5M and $2M. The Point, the Palisades, Ballantyne Country Club, and Piper Glen Country Club were the candidates. The client's major concerns were less about the house... first the schools f...
11/26/2007
Charlotte NC|Demand for Office Space is Tight, despite national trends, so says the Wall Street Journal…Charlotte, NC Demand for Downtown Office Space Is Strong By Maura Webber Sadovi WSJ Wachovia to the left These are heady times for Charlotte, N.C.’s commercial real-estate market, which is hold...
11/25/2007
Charlotte Real Estate is Undervalued, Says Forbes.com According to ABC news: People Are Flocking to Charlotte Where They Get More Bang for Their Buck! And the latest from Forbes.com: Real Estate "There is no 'national' housing market," says Jonathan Miller, director of research at Radar Logic, a ...
11/25/2007
In what's becoming the norm, Charlotte real estate prices continue to rise in the face of national housing recession and price decline. Prices of all the single family residential Charlotte Solds, from 7/1/07 to 9/30/07, rose 4.97% over the same period in 2006, based on the sold Cost Per Square f...
11/25/2007
Charlotte, NC has sustained rapid growth (7th fastest since 2000) that has put us on the map-- and has overcrowded most of our higher quality schools (34 portables at one elementary). This overcrowding in the Charlotte-Mecklenburg School District is a "noose around the neck" of the local real e...
10/07/2007
Last month, Charlotte flexed its value muscle: prices rose 6% in August '07 over August '06, even in the face of a 18% fewer sales... virtually identical to August's 20% decrease in units, but 5% increase in price, the full report is here.So what gives? Econ 101 says if demand falls prices fall a...
10/04/2007
This is the story of the rise and fall of a "New Model" in real estate, the story of Realty Place in Charlotte North Carolina, a buyer agency company that didn't have Buyer Agents. Built on sub-prime lending they had socalled Buyer Agents who became agents of the New Home sellers, marketing to f...
10/02/2007
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Comments
Its been a great couple of days here, working with my son getting his housing for flight school. Tons and tons of homes for rent, looks like the housing recession has been going on here for sometime. Check out the white white sand. TerryMcDonaldRealEstate.com
09/27/2007
Rainer
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Terry McDonald The McDonald Group
Brokers NC/ SC
Real Estate Resources
Charlotte NC- A relocated northerner came to build a life in Charlotte NC- I now try to preserve its Southern charm and move it into the future, at CharlotteCoomunitiesOnline.
At Terry McDonald Real Estate I tackle the traditional real estate problems and issues buying and selling homes- including market conditions, national market conditions, and the new home/custom home industry.