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We are thrilled to share the following with you!

by Mayes Harris Team

What a day!! Finding out that Gina Harris has earned recognition as a Top RE/MAX Producer in North Carolina for not just the month of July, but also from the beginning of the calendar year through the month of July! The #1 spot!!!

She's an amazing leader and we couldn't be more proud of her. Thanks to her clients for also making this recognition possible. Without the people who come to her to buy and sell their homes this wouldn't happen and I know that Gina doesn't take that for granted. She gives 125 percent of herself when it comes to her clients' needs.

Thank you! Thank you! Thank you!

July RE/MAX National Housing Report

by Mayes Harris Team

Three Takeaways from The July RE/MAX National Housing Report:

1.)   July Home Sales Rose 1.8% Year-Over-Year
2.)   Median Sale Price was up 4.4% from July 2017
3.)   Inventory for July was 2.9 – The Smallest Ever for July


BOTTOM LINE:

If you’re selling, you’re in a prime position, and your home most likely will move quickly.

If you’re buying, we’ll strategize and be ready to act fast. Getting pre-approved for a home loan is crucial, having a list of wants and needs, and be willing to compromise will help.

Contact us today!

 

How important are good school districts when choosing a place to live?

by Mayes Harris Team

Some wonder if it is better to buy a larger home in an area that may be up and coming versus a smaller home in an area that has a better school district. Although it is a personal choice, remember that real estate is an investment and as such, you should always consider the end game. Let's see just how important buyers consider the school district to be. What sacrifices will they make in order to get into a good school district? 

According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.

What is surprising, however, is that 78% of recent homebuyers sacrificed features from their “must-have” lists in order to find homes within their dream school districts.

The top feature sacrificed was a garage at 19%, followed closely by a large backyard, an updated kitchen, the desired number of bedrooms, and an outdoor living area. The full results are shown in the graph below.

Buyers are attracted to schools with high test scores, accelerated academic programs, art and music programs, diversity, and before and after-school programs.

With a limited number of homes available to buy in today’s real estate market, competition is fierce for homes in good school districts. Danielle Hale, Chief Economist for Realtor.com, explained further,

Most buyers understand that they may not be able to find a home that covers every single item on their wish list, but our survey shows that school districts are an area where many buyers aren’t willing to compromise.

For many buyers and not just buyers with children, ‘location, location, location,’ means ‘schools, schools, schools.'

The bottom line is for buyers across the country, the quality of their children’s (or future children’s) education ranks highest on their must-have lists. Before you start the search for your next home, let’s get together to discuss the market conditions in our area.

How much improvement do I need to do to my home before selling?

by Mayes Harris Team

I am often asked what an owner needs to do before listing their home on the MLS. There are several factors to consider in answering that question and here they are.

1. How bad does the home look? Is it an eyesore from the moment you pull up to the moment you leave? If so, then a handy list of what must be done is great to get started on. 

2. How does it compare to other nearby homes on the market? Are other homes outshining your home? In what areas do they level up compared to your home?

3. How is the local real estate market? Is it a sellers' market or a buyers' market? How long are the local Listings staying on the market and what time of year are you listing your home? Is it before, during or after the school year? 

There are a lot of situations where certain fixing up and/or staging a home can play a big difference in what the owners are offered by the buyers. If you wish to discuss this, please contact us today. Let our experience work for you. 

Tip About Paint

by Mayes Harris Team

New paint makes the entire home smell clean and neat and can bring sellers top dollar. If your home has chipped paint, exposed wood, or surfaces that look faded, it's time for new paint. If your carpet is worn, dirty, outdated, or an unusual color or style, you might consider replacing it.

Many houses do not sell because of these problems. Don't think that buyers have more money than you to freshen up a home. They typically don't. They will simply look elsewhere for a home that needs less work.

Please let me know when you are ready to sell and I can help you prepare your home for today's market.

May 2017 RE/MAX National Housing Report (Infographic)

by Mayes Harris Team

The May 2017 RE/MAX National Housing Report infographic shows housing market trends throughout 53 metro areas. The report is based on MLS information, includes all residential properties and is not annualized.

Weekly Recap With Regard To The Local Lake Norman - Charlotte Area

by Mayes Harris Team


Time for weekly recap. We are going local this week. Let’s start with what’s happening in our area. 

This is for parents who might be interested in summer camps for their kids. Here’s a great website with loads of information for the Charlotte area - Charlotte area summer camp databases 2017 (and more)

Also, locally, there’s the Jetton Village for the Craft Beer SpringFest 2017. This free event will feature live music from three local bands, 10-15 breweries on site, a wine tent, food on the square, tailgate games and multiple bounce houses for the kids.

For the whole family, there is also the Easter Celebration Party on Saturday, April 8th from 1 to 3 pm. There will be fun activities for the kids including a visit with the Easter Bunny, Balloon Artist, Face Painting, Live Bunnies and Crafts. This is a free event. 


As far as our local real estate market we are seeing the following numbers:

  • In Davidson, NC: There are 256 homes for sale. The median listing price is $432k. The average price per square foot is $126. Median closing price is $285k. 
  • In Mooresville, NC: There are 1193 homes for sale. The median listing price is $341k. The average price per square foot is $110. Median closing price is $251k.
  • In Cornelius, NC: There are 349 homes for sale. The median listing price is $438k. The average price per square foot is $160. Median closing price is $275k.
  • In Huntersville, NC: There are 616 homes for sale. The median listing price is $338k. The average price per square foot is $113. Median closing price is $285k.
  •  In Concord, NC: There are 732 homes for sale. The median listing price is $245k. The average price per square foot is $102. Median closing price is $188k.
  • In Kannapolis, NC: There are 329 homes for sale. The median listing price is $100k. The average price per square foot is $67. Median closing price is $120k.

If you are interested in any of these markets or have questions, please feel free to contact me. I’m here to help you. Also, here are links to my featured listings and to my blog about the national real estate market

Also, enjoy a look at the Morning Coffee! If you would like information like this on a weekly basis, please sign up for our newsletter. 

Homes Continue to Sell Quickly Nationwide

by Mayes Harris Team

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015.

42% of homes across the country were on the market for less than a month, which is the highest it’s been since July 2015 (43%)!

Among the states with homes selling in 30 days or less are Washington, Oregon, and Minnesota. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.

 

Bottom Line

Buyer demand is increasing as the inventory of homes available for sale remains low. If you are thinking about listing your home for sale this year, let's meet up so I can help you take advantage of current market conditions!

Thinking of Selling? The Market Needs Your Listing!!

by Mayes Harris Team

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.


Lawrence Yun, Chief Economist of NAR

Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new Listings quickly replacing what's being scooped up by a growing pool of buyers. Without adequate supply, sales will likely plateau.

Jonathan Smoke, Chief Economist of Realtor.com

Low inventories and tight credit will limit the gains we will see in 2016. However, given the level of pent-up demand evident in web activity and stated buyer intentions for 2016, we should see this spring materialize as the busiest season of sales since 2006.

Rick Sharga, Ten-X's EVP

Inventory is too low to support much higher sales. There's virtually no inventory available at the entry level, and single family housing starts and permits continue to languish at levels far below where they should be at this point of the recovery.

David Crowe, Chief Economist of the National Assoc. of Home Builders

Many sellers may not have an absolute decision as to whether to buy an existing home or a new home. So the low inventory of existing homes is locking them in place.

Freddie Mac

Challenges remain, with low housing supply and declining affordability being a key concern in many markets.

RE/MAX Metro Realty Has Had A Fabulous 2015!!

by Mayes Harris Team

Our office may not be the largest in Charlotte, but we are fast becoming one of the mightiest. We just received the stats for 2015 and we have outsold the competition and that includes the larger brokerages in the area. Take a look and once again, thank you for your business, referrals and TRUST. We genuinely appreciate you!!


Displaying blog entries 1-10 of 15

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