Check out our latest significant sales for June 2018 including a stunning Mediterranean home in Seven Eagles, a gorgeous SouthPark home in Morrocroft Estates and several Lake Norman waterfront listings.
Are you dreaming of ways to cool off during your summer break? Ivester Jackson Christie’s International Real Estate has dozens of fantastic homes with beautiful pools and spas just waiting for new owners to enjoy.
Mountain resort style private estate
Spend your summer evenings cooling off by this oasis-style pool which has a breath-taking view and is accompanied by an outdoor wood-burning fireplace. This exquisite mountain resort-style, private estate is situated on 7.25 acres, the main living area looks out upon a beautiful private tree-covered backyard.
If you like outdoor living you’ll love this home! This custom-built home on two lots is the pinnacle of luxurious indoor/outdoor living. The 15,000 square foot, impeccably-detailed structure surrounds a gorgeous courtyard oasis designed with fun, relaxation, entertaining, and privacy in mind – Pool, Spa, Guest House, Outdoor Kitchen, Fireplace, TV & Surround Sound.
You can enjoy swimming at your pool all year long at this luxury custom brick home with an outdoor heated swimming pool. This Elegant 21-acre Equestrian Estate epitomizes privacy & luxury. Located within the equestrian community of Farms at the Heartwood the private gated entrance is bordered by privacy trees; a paved driveway meanders through the manicured grounds, past a 3-stall show barn, and board-fenced pastures
Privacy, 180-degree lake views, fountains, outdoor living spaces and so much more! Outdoor features include a lake hued tile pool & spa, gas fire pots, pool bath & shower, loggia with a kitchen, retractable screens, built-in heaters, and fireplace.
Outdoor amenities at this waterfront home redesigned in 2008 feature a resort style pool, cabana with fireplace & bath, and sun decks all bordering the waters of Lake Norman. It also includes a private outdoor master retreat with fireplace & spa, a covered pier, and private waterfront beach
Feel like you are spending your days in Tuscany while floating in this private oasis which includes an infinity pool and two fountains surrounded by extensive landscaping, verandas, and patios. This Italian Villa is found in prestigious Pellyn Wood in heart of SouthPark.
Savor Lake Norman’s most spectacular sunsets while floating in this saltwater pool. This private gated estate is perfectly designed for indoor/outdoor living with covered dining areas, a fire pit, and meandering terraces.
Stroll directly from your elegant owner’s retreat out to a private Euro-style infinity pool lined with privacy trees and nestled in a gorgeous mature landscaped setting. Find your zen while looking beyond at a tranquil pond.
First Quarter in Myers Park and Eastover Trails 2017 But Rallies in March
The first quarter sold activity in Myers Park and Eastover trailed last year’s sold results by a significant margin of over 50%, which by itself might indicate a serious slowdown. However, showing activity in the area had been running at last year’s levels. It appears that as March comes to a close, pending activity, particularly in the $1 million plus category, trended upward significantly with 25 homes pending to close in that price range, including 2 above $3 million in value. The sub $1 million range continues to lag early 2017 and will warrant watching in the second quarter.
SouthPark Area Matches Q1 2017, $1 Million+ Market Surges
The SouthPark area, which stretches from Foxcroft and Barclay Downs southward down Carmel, Park, and Colony Roads to the Quail Hollow area, saw a solid start to 2018. 48 homes closed in the $500K – $999K range, while 12 closed over $1 million (including a Charlotte high-bar sale at $5.3 million in Seven Eagles). With showings in both ranges running at or above 2017 levels for the first quarter, buyers in the 1 million plus range got serious and put 31 homes under contract, including an impressive 13 over $2 million, one of the strongest performances in any luxury price segment in the entire regional MLS. Foxcroft, Old Foxcroft, Pellyn Wood, and the Carmel Country Club area all saw action at the high end of the market.
Maxwell-Baynes is the market leader in the Bordeaux region of
South West France. Founded 10 years ago by Karin Maxwell and
Michael Baynes, their luxury real estate division is Maxwell-Baynes
Real Estate while their specialist vineyard company is
Vineyards-Bordeaux. Bordeaux was voted number one best city
in the world, in 2017 and has 11 Michelin starred restaurants,
elevating it to the top gastronomic destination in France and
beating out both Paris and Lyons for the top slot.
With the ski resorts of the Pyrenees 2 hours south and the famous beaches of Cap Ferret an hour west, Bordeaux has it all.
A chateau residence amongst the vines or in the countryside can
be purchased for about a million Euros and a St. Emilion Grand
Cru vineyard estate can be bought for about 5 million Euros. Or
perhaps a hunting estate near Cognac, an elegant townhouse
in the city of Bordeaux or a beach villa – the real estate here is
varied and beautiful.
Vineyards-Bordeaux is an enthusiastic vineyard and winery
investment advisory company specializing in the management
of vineyard transactions. With its team located near the wine
capital of Saint Emilion, it is situated in the heart of the “right
bank” of the Bordeaux appellation system, but its team covers
all 57 Bordeaux appellations, including the Medoc, the Graves,
Sauternes, Saint Emilion, and Pomerol, to name a few.
The Bordeaux vineyard market is relatively small with between 25
and 30 transactions taking place each year for Chateau vineyard
businesses across all Bordeaux appellations. A Bordeaux vineyard
can be purchased for under 1 million Euros but prices for the
world famous chateau can run to several hundreds of millions of
Euros. In 2016, there were 28 chateau vineyards sold. The team
at Vineyards-Bordeaux was responsible for 10 of them, holding
them as the market leader, overseeing between 30% and 40% of
the Bordeaux vineyard transactions each year.
2014 – the French voted Bordeaux the best place in France
2015 – voted by 250,000 people as the best tourist destination
2016 – 2nd place in The New York Times top cities to visit
2017 – new TGV ultra-fast train link to Paris ~ 2 hours
Bordeaux has the longest shopping street in Europe
The city has the largest UNESCO listed urban world
heritage site in Europe
Belonged to England for 300 years. The Romans occupied
the region 2,000 years ago.
Home to 100,000 students
1-hour drive to the beach, 2-hour drive to the ski slopes
14 billion Euro/year wine industry
Selling or Buying Vacation Property? We partner with trusted market leading
Christie’s affiliates worldwide to comarket
or locate investment property.
Clients get the comfort of a trusted local
Carolina-based professional, with the
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Welcome to our first Charlotte luxury real estate report for 2018. The area saw heavy activity in some emerging areas, with the communities in the [SouthPark](http://www.ivesterjackson.com/eng/community/southpark) and Carmel Road corridors surging, as well as luxury price segments in the Lake Wylie / Palisades area.
Myers Park and Eastover saw lower sell thru than the first quarter of 2017 but ended this quarter with a burst of pending contracts in the $1 million plus range, a positive sign for the second quarter. Showing activity in the luxury homes across Charlotte remained active, albeit slightly lower in some ranges ($1 million to $2 million), while the ultra-luxury segment above $2 million saw improved action all the way up to the $3.5 million range. The top of the market remained a much more finite audience above the $4 million plus range.
SouthPark Area Matches Q1 2017, Million Plus Market Surges
The SouthPark area, which stretches from Foxcroft and Barclay Downs southward down Carmel, Park, and Colony Roads to the Quail Hollow area, saw a solid start to 2018, with 48 homes closing in the $500k to 999 range, while 12 closed over $1 million (including a Charlotte high bar sale at 5.3 million in Seven Eagles). With showings in both ranges running at or above 2017 levels for the first quarter, buyers in the million-plus price range got serious and put 31 homes under contract, including an impressive 13 over $2 million, one of the strongest performances in any luxury price segment in the entire regional MLS. Foxcroft, Old Foxcroft, Pellyn Wood, and the Carmel CC area all saw action at the high end of the market.
Myers Park & Eastover
First Quarter in Myers Park and Eastover Trails 2017 But Rallies in March
The first quarter sold activity in Myers Park and Eastover trailed last year’s sold results by a significant margin of over 50%, which by itself might indicate a serious slowdown.
However, showing activity in the area had been running at last year’s levels, and it appears that as March comes to a close, pending activity, particularly in the million dollar plus category trended upward significantly with 25 homes pending to close in that price range, including 2 above $3 million in value. The sub-one million range continues to lag early 2017 and will warrant watching in quarter 2.
Lake Wylie / Palisades
The Lake Wylie / Palisades area saw a surge in luxury home sales in the 1st quarter of 2018, with closings in the sub-million dollar range jumping from 23 sales to 37 sales, and a whopping 61 homes now pending in the 500-999k price range.
The million dollar range also saw a resurgence, with 9 closings vs just 1 in the first quarter last year, and 5 additional homes pending.
Providence, Weddington & Waxhaw
Luxury home sales in the South Providence/Union County corridor showed steady progress thus far this year with the sub-million dollar category showing an 8% increase from 84 to 91 units sold.
The million dollar range saw an increase from 11 units to 13, an increase of 18%. The pending home index in both categories has jumped heading into spring, with 113 homes pending.
Ballantyne / Ft. Mill
The Ballantyne / Ft. Mill area saw a solid increase in the sub-million dollar luxury market, with 44 units closing compared to last year’s 1st quarter total of 38, a 15% increase. This range also saw a large jump in pending contracts as the quarter ends.
The million dollar plus segment saw a small decline from 5 units to 3 units sold but rebounded with 5 homes pending as the quarter ends.
Charlotte Market Forecast
As discussed above, while some communities stumbled out of the gate in early 2018, March has seen surges in luxury activity in most of the region’s key communities. Initially sluggish Myers Park and Eastover communities now boast 25 contracts over $1 million in value as they begin to replicate the hot start seen in the SouthPark, Providence/Union County, and Lake Wylie/Palisades areas.
Pending contracts have begun to equal or surpass last year’s comparable period, particularly in the luxury price ranges over $2 million, which now looks on pace to have one of its best years in history. While only 8 closings occurred in the first quarter over $2 million this year versus 5 last year, there are now a whopping 21 pending, which puts the first half of the year on pace to close 30 homes in that range. By comparison, there were only 32 sold all year last year in Charlotte. Given there had been over 2 years of inventory on the market at year end 2017, this sell-through is a welcomed assistance in returning the ultra-luxury market to a more balanced buyer/seller conditions.
While the prospect of rising rates and changes in favorable tax treatment of mortgage interest and property taxes might be slowing the dynamic growth below $1 million ever so slightly, the coming impact of corporate earnings flow through upon bonuses and stock prices may be more than enough to offset any drag on luxury housing in the short term, as is evidenced in the ultra-luxury range.
Ivester Jackson Named “Christie’s International Affiliate of the Year.”
Last month, in Buenos Aires, Argentina, Christie’s International Real Estate convened its prestigious annual owner’s conference, comprised of leaders from Christie’s flagship luxury network of 145 of the world’s leading real estate brokerages.
The conference annually recognizes the pinnacle of marketing for its network by awarding an Overall International Affiliate of The Year.
Ivester Jackson Distinctive Properties was honored as Christie’s “Best of the Best” Overall International Affiliate of The Year for excellence in innovation, marketing, and growth. “Since joining Christie’s 4 years ago, Ivester Jackson
has grown by more than 200%, the company is now the top seller of homes valued at over $2 million in the Charlotte region,” said Christie’s CEO, Dan Conn. “It excelled in every category.”
Read More: [Christie’s Recognizes Ivester Jackson as “Best of The Best.”](http://www.ivesterjackson.com/blog/christies-recognizes-ivester-jackson-as-affiliate-of-the-year/)
The Lake Norman area luxury market got off to a solid start for 2018 although, in several communities, the range below $1 million took until March to crank into high gear. Most areas lagged last year’s first quarter in that range but have also seen a large surge in pending contracts in recent weeks, which portends a very good second quarter. In the luxury range over $1 million, Cornelius saw a strong start to the year, particularly in the $1 million to $1.99 million range.
Lake Norman Market Forecast
Overall, Lake Norman’s luxury market looks as though it will slightly outperform 2017’s very solid performance. Heading into April, most price ranges are either in line with 2017’s totals or trending ahead. Looking forward, overall showings in the luxury price ranges are running 3% ahead of last year through the first quarter which provides an indication that second quarter closings should meet or exceed last year’s same period. In particular, the ultra-luxury range above $2 million appears to be headed for one of its better years, as lower inventories and showing activity currently running 8% ahead of last year’s first quarter pointing to very solid activity in the $2 million range.
Last year, the Lake saw 30 resales above $2 million, this year, with 17 either sold or currently under contract, the area seems headed for a total beyond 30 transactions, which should further bring inventory in that range down into a more balanced buyer/seller market, after several years of high inventory levels.