Lake Norman Real Estate
Great new way to get information about homes for sale in the Lake Norman area
Ever wonder how much a home is listed for? How many bedrooms, baths, etc? Some agents put out flyer boxes, great idea if they any flyers in it. Sometimes they run out or the weather ruins the flyers. What if you had a number that gave you all the information on any listing in the area, no matter who has it listed? That would be a valuable item. I have a number that I can give to you for FREE. Just contact me and I will happy to set you up with just such a number.
Easy way to get information when you see an interesting home for sale
August stats
The Charlotte Regional Realtors Association reported for the month of August 27,878 active listing. 2221 Closed. (8%). That is about the same as July. Flat is better than down!! The average sales price was $209,245. The Average list/close days were 145.9. If you want stats for a particular neighborhood, just contact me. I will be happy to get them for you.
Closed another one!
Just closed another home for a buyer in Mooresville. Got a pretty good deal for them on a new home (90%) of original asking price. Can I do that for everyone? NO ! but I try. Sometimes real estate is luck and timing.
Can you still flip a house?
Can you still flip a house? It is almost impossible to do these days. FHA will not do a new loan to any buyer on a particular address, for at least 90 days. So those few folks that are still trying to get a bargain. Fix it up and sell it…well now it is even harder. Other rule changes; a house has to be inhabitable before it closes. Ergo, if anything needs fixing, someone must do it before the FHA/VA appraiser/inspector will give the okay.
So if a property is bank owned, or short sale and the seller will not repair the items, then no closing will take place if the buyer is getting a VA/FHA loan. Sometimes I feel like we are going around in a circle.
Of course cash is king. If someone has the cash and does not need a loan, then they can do almost whatever they want.
Here are some quick stats for July
Here are some quick stats for July
For residential, Listing and Sales Prices (July 6, 2009 -August 5, 2009) The average listing price of solds was $238,269. The average sales price was $212,977. That is a 89.2% list to sell ratio. That is about what is has been running for the past few months. It will be nice when it goes up to 95%. Remember each neighborhood is different, there are some that still get 97% of asking price, because they are priced correctly for THIS CURRENT market!
Contact Sue Robertson if you want more statisics
June statisics from the Charlotte Regional Realtor Assocation
Here are some quick stats for June
For residential, Listing and Sales Prices (June 6, 2009 -July 5, 2009) The average listing price of solds was $244,316. The average sales price was $218,728. That is a 89.5% list to sell ratio. That is about what is has been running for the past few months. It will be nice when it goes up to 95%. Remember each neighborhood is different, there are some that still get 97% of asking price, because they are priced correctly for THIS CURRENT market!
Contact Sue Robertson if you want more statisics
Data show housing market starting to recover
–I just read some positive news! The housing market is showing improvement. Click on this link and you can read it for yourself.
Closed another one in Charlotte
Just closed another home in Charlotte. I had the listing side. It went under contract in 32 days for approximately 95% of asking price. How did I do that in this market, when the average sale is 90% of asking price and the average days on the market are 114days ? Well I tell sellers the truth about the condition of their home and give good suggestions to get it into selling condition and I show them the CURRENT market conditions.
