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Market Report October Update: Mecklenburg County

by Mayes Harris Team

Time to do a quick review of the real estate market in Mecklenburg County for October of 2018. Hard to believe we are nearing the end of yet another year. It went fast, didn't it?!

Let's take a look at the summary of a year-over-year comparison for real estate activity in Mecklenburg County starting with October's new Listings. There were 1,958 new Listings in October 2018, which was an 8.1 percent increase from October 2017 where there were 1,811 new Listings.

The median sales price was $250,000 in October 2018, which was a 7.3 percent increase from October 2017, where it was $233,000.

The days on market until sale increased by 6.5 percent to 33 days in October 2018. In the year previous, October 2017, it was 31 days on market until sale.

Here's a nice visual graph which shows a good summarization of year over year changes for Mecklenburg County. New Listings up 8.1 percent, closed sales down 13.6 percent, median sales price up 7.3 percent and months supply of homes increased by 5 percent.

The median sales price chart below shows the direction of the market in an upward motion from 2013 onward. 

If you would like to discuss listing your home or anything about the local real estate market, don't hesitate to reach out. That's what we're here for. 

Why Should I Consider Staging My Home?

by Mayes Harris Team


It is a question that sellers often contemplate and that is, "Why I should I spend money to stage my home?" Ask most any real estate professional that question and they will usually give you several reasons why and here are my top 5 reasons.

1. Staging doesn't have to cost you a lot of money, but the return in investment is why people choose to move forward with the action of home staging. If you hire a certified stager your return can be an average of 10 percent better in the final sales price than a non-staged home. 10 percent can definitely add up!!

2. Buyers are able to visualize living in a home if it is staged because certified home stagers know just how to present the home at a non-emotional level which is hard for the homeowners to do. When buyers can visualize living in the home then the offer is more likely to be written.

3. Online marketing will stand out better. Online marketing has become very powerful in selling homes these days and good photography is essential. So a staged home assures that the photography will be top notch and the first impression will be a good one!

4. Staging will actually help buyers overlook nonessential flaws on the home that they might otherwise be drawn to in a non-staged environment. 

5. Homes that are staged sell FASTER! 

Seventy-seven percent of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. NAR RESEARCH REPORT

So sell faster. Sell for more money. Look nicer. That's about it! Contact me if you need help or real estate advice. 

Gina Mayes Harris
RE/MAX Metro

 

The 4 Factors That Determine The Length of Time A Home Is On The Market

by Mayes Harris Team

There are 4 factors which directly impact the length of time a home sits on the market and they are the following:

1. Condition

2. Price 

3. Terms

4. Realtor©

Location is not something you can control, but it will have an impact on your home's listing price. Let's discuss the 4 factors you can control.

Condition - The condition of the home/property. Has their been upgrades? Is the decor dated or is that up-to-date? What renovations have their been? When was it painted last? How's the landscape? So many things to factor in.

Pricing - If it is on the market over 30 days then in most areas that would indicate the price is too high for the current demand.

Terms - What terms can you offer that would make the listing more attractive and more competitive with the other active Listings in your area?

Realtor© - This is an area where you really need to do some research. Ask family and friends in the area who they used. Look at the real estate professional's marketing, availability, and their brokerage. Is it a well-known brokerage? Do they have an extensive sphere to reach out to with news about the home when put on the mls? What kind of visibility will your home get once listed? 

I'm sure you've heard the term that the market determines the price on a home, right? This is true. 

Homes typically sell for the most within the first 30-days. After 30-days a home which is still on the market needs to have a review as to why. Re-adjusting the listing price is probably going to be your best strategy to get things moving again. The price is the MOST important factor in selling your home.

I think that's it. I hope this helps you if you are considering selling your home or if your home is currently on the market and you are wondering why it is STILL on the market. 

 

200 Cape Cod Way Mooresville, NC 28117

by Mayes Harris Team

The Point is sure to impress!! 

From the moment you enter the grounds at 200 Cape Cod Way on the Point in Mooresville, you sense you've entered a different way of life. Built on a peninsula in a high-end community which is home to Trump National Golf Club is where you'll find this beautiful estate. Built in 2005, this customized 5,836 square foot, 4 bed 5.5 bath masterpiece is sure to impress! Touring the grounds you'll notice the exterior is built with cedar shake and stone construction which results in very low-cost maintenance. Also impressive is the lake frontage that comes with this estate OVER 90 FEET! Not only that but enjoy having your boat parked at your very own boat slip which is located on the pier. The landscape is beautifully surrounded with lights to enjoy in the evening and there s an irrigation system that helps in the drier season. Also, there is more than enough outdoor areas to take in the views with a large outdoor seating area, a screened in porch, and a gorgeous natural area in the backyard. Entering this magnificent estate you'll find exquisite wood floors at every turn and plenty of entertaining options with a formal dining room, living room, theater/office room, and a family room. For personal use, you'll find an exercise room, a huge full pantry, laundry room with sink and built-in cabinets and tons of shelving for storage, upstairs bonus room and trey ceilings in both the master bedroom and bath with heated floors in the master bedroom and bath! A great conversational piece is the 8 x12 Mural of the Augusta National Fame No. 16th hole. There are 3 fireplaces with gas logs to enjoy with friends and family or to relax with by yourself. You also will appreciate the indoor batting cage and driving range when the weather prevents you from going outdoors. The home is energy efficient with Icynene home insulation. Finally, this home comes with so much storage including a large additional storage room in the basement, unheated additional storage in the lake room and a 3-car garage with shelving! Call us today for your private tour!

Here are some things the current owners particularly loved about the home  -

🔸The in-law suite with private entrance
🔸The reputation of the builder, Jay Young, and his crew - Dale, Larry, Mike and Amy
🔸The beach
🔸The boardwalk around the cove and to the pier
🔸The quiet cove (we had a trampoline out there when the boys were young)
🔸The quiet cul-de-sac
🔸The big front yard and big backyard (boys had many baseball and football games in these yards)
🔸The heated master bedroom floor
🔸The kitchen and the screened porch
🔸The Icynene insulation promising lower energy bills (our bills are lower than all of our neighbors!)
🔸The proximity to Woodland Heights Elementary School
🔸 Golf course in the front yard and lake in the back

For ALL THE PHOTOS and more click - 200 Cape Cod Way

Displaying blog entries 1-4 of 4

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