Tag Archives: $8000 tax credit

Market Monday Update – Charlotte Homes

Weekly Market Activity Report

market watch monday 42715

(Data current as of April 27, 2015)

More Homes Hit the Market in the 2nd Quarter Than All Year Long

You may have been browsing the internet for a home to buy once yours sells and not found what you like. There’s good news and bad news. The bad news is if you’re a seller and waited until the second quarter you’re going to have a lot more competition. The good news is that you’ll have a lot more selections available for your move in or move up neighborhood in the next 30 – 60 days because more homes hit the market in the 2nd Quarter than all year long!

Call me to set up a time to discover why Giving Tree Realty is the preferred brokerage firm in Charlotte for THE top sellers in our area, and how my marketing plan can help you get significantly more money for your property by correctly preparing it for market.

The Roy Group Home Selling Team is at your service.

In the Charlotte region, for the week ending April 18:

  • New Listings increased 6.2% to 1,246
  • Pending Sales increased 46.7% to 1,141
  • Inventory decreased 19.8% to 13,214

For the month of March:

  • Median Sales Price increased 9.9% to $189,000
  • List to Close decreased 2.2% to 133
  • Percent of Original List Price Received increased 1.5% to 94.6%
  • Months Supply of Inventory decreased 26.0% to 4.1

This research tool is provided by the Charlotte Regional Realtor® Association.  For more information, contact me, Your Full time REALTOR®.

T  E  S  T  I  M  O  N  I  A  L

I highly recommend Chrystal Safari Roy and The Roy Group Home Selling Team. In the selling and purchasing of our home she worked with us for over 9 months, even before we were sure about selling and re-purchasing. With her input we were able to sell our home in 7 days.

In the purchasing of our new home Chrystal was very patient and extremely knowledgeable. Chrystal took us thru several neighborhoods and areas and providing us with great feedback and input on what is a great investment and purchase for our family.

Chrystal has a great knowledge of real estate, including national markets and international markets. Chrystal was born and raised in the area; she has lived aboard and has strong ties to the international communities here in Charlotte.

Chrystal has provided us with so much information, I think it would be worth your time to just take a couple of minutes and speak to her about what you and your family’s needs and desires are in your new home.

Desi and Dinika Collins Bryant South Charlotte

Contact us for all your real estate needs.  Chrystal Roy 704.562.1030 / MyAgentChrystal@gmail.com

Builder Wade Jurney expands to Charlotte by taking C.P. Morgan lots

Friday, June 19, 2009

The Charlotte Business Journal’s Laura Youngs reports that Triad builder Wade Jurney is expanding to Charlotte by taking C.P. Morgan lots.

Wade Jurney, president of the Greensboro-based company, says he has 351 lots — all from defunct Indiana builder C.P. Morgan Homes Inc. — under contract throughout 30 Charlotte neighborhoods.

The company also has 52 C.P. Morgan lots under contract in the Triad, including five developments in Rural Hall, Burlington, Greensboro and Winston-Salem.

Jurney says he hopes to close by early July on all of the properties. Three model homes in Charlotte were part of the deal and already have opened as sales centers for Jurney Homes.

Jurney declines to give the price of the lots, since the sale is not complete. But he says he is getting a discount on the $33,000 per lot that C.P. Morgan paid. Jurney is putting together an equity group that would finance the majority of the project. An official with C.P. Morgan confirms the deal is pending.

So far, three sales consultants have been hired to run the Charlotte offices, and Jurney has added a construction superintendent here.

By the fourth quarter, the company plans to have up to 13 employees in Charlotte.

Jurney says the company will offer the same starter-home product it builds in the Triad, which often runs between $100,000 and $200,000.

He says he harbors some concerns about expanding into Charlotte, which has been hit hard by losses in the banking sector and foreclosure issues.

However, he says he wanted to move now to take advantage of discounts, as well as a strong available labor pool. The expansion also will mean Charlotte and the Triad will share fixed overhead costs, such as administrative operations.

Jurney hopes his homes will appeal to the sought-after first-time buyer, who is eligible for an $8,000 tax credit before year end.

“We’re going in looking to be the lowest-priced and best-value builder,” he says.

Jurney is one of several Triad builders looking to take advantage of bargains on land in a slow market. With some builders going out of business and their property left behind, development and construction firms that have survived the downturn are increasingly interested in buying.

‘With complimentary elevations and modern floor plans, Wade Jurney looks like a good fit for current homeowners in existing CP Morgan communities,’ adds Chrystal Safari of Peters & Associates, a boutique firm specializing in luxury homes in the Charlotte Metro area.

                                                            #  #  #

A Charlotte area native, and licensed in NC & SC, Chrystal is very experienced with international relocation, home buying and selling and with rental portfolio development and holds MASTERS Designation specializing in New Construction, Finance, Marketing, Objection Handling, Relocation, and Technology and is a member in good standing with Charlotte Regional Association of REALTORS®, North Carolina Association of REALTORS® and National Association of REALTORS®