The Charlotte Region’s Luxury Profile is Rising

By: Lee Steinour – Digital Marketing Manager

A Look Back at 2017.

At the start of the new year, it’s never been more evident that both the Charlotte and Lake Norman stars continue to rise. Heading into December, sales of homes priced in the $1 million to $2 million range increased at a double-digit pace compared to 2016. In Charlotte, sales in that range were up 13%, with 257 homes closing vs. 227 in 2016.

Up the road at Lake Norman, the activity was even more dramatic, with unit sales in that same $1M to $2M range up 30% over 2016.

Perhaps more impressive is the momentum the region is displaying. Showings on homes in this range are up 11% in town, and a whopping 46% at the lake. This points to a solid winter and early spring in the luxury market’s most popular price point.

The ultra-luxury price segment above $2 million in list price, while a smaller segment of the market, also showed some strength, with 30 homes closing in Charlotte and 25 at Lake Norman, both markets on pace to double-digit gains in this segment. So far this year’s high water mark in the region is a $5.6 million dollar closing of an Ivester Jackson | Christie’s listing at The Point.

Charlotte Region Featured

Nowhere is the region’s rising profile more visible than in the national and international media. Ivester Jackson | Christie’s listings have been featured in numerous flagship publications.

Southern Living Magazine featured homes we’ve listed on Queens Road West in Myers Park and on Connor Quay Court in Cornelius. The Queens Road West listing was also selected by Architectural Digest for a feature on interior appointments, while our Pellyn Wood listing on Craigmore made a feature on “fairy tale settings” by Southern Living.

A listing in The Point was chosen as North Carolina’s most beautiful home in Architectural Digest’s feature article “Most Beautiful Home for Sale in Every State”. All of this attention points to the elevated profile the Charlotte/Lake Norman region is attaining beyond our local area. Over 40% of this year’s luxury buyers came from areas outside the state of North Carolina, and a small but increasing percentage originated internationally.

Luxury Momentum in Charlotte Continues Upward Climb

Click For Larger View

Moving into the final month of 2017, luxury activity in Charlotte continued its steady upward trend. 2017 has so far seen 257 homes close in the range above $1 million, compared to 227 last year, an increase of 13% year over year. The ultra-luxury segment has seen 33 transactions versus 21 through the same period last year, an increase of over 50% but one needed as the year started with a large inventory position on the listing side. Much of this activity occurred in the $2 million to $3 million range, with 3 transactions exceeding the $3 million mark versus 4 deals last year.

Showings in the $1 million range continue to track slightly ahead of last year for the 4th quarter, posting an increase of 11%, which should translate into a solid winter/early spring period in the city. Union County also emerged as a popular choice, particularly with properties priced around the $1 million mark.

Lake Norman Sees Surge in Luxury Market Home SalesClick for Larger View

With the fourth quarter coming to a close, the Lake Norman luxury market will post a very solid 2017. While sales in the $500,000 to $999,000 range have been roughly equal to 2016’s year-to-date sell-thru that activity remains very solid, with 580 homes selling thru October vs. 578 last year. The luxury price range, from $1,000,000 to $1,999,000, showed tremendous expansion, with 146 homes closing in 2017 vs. 114 in 2016 over the same period, a whopping 30% increase. The ultra-luxury range also showed expansion, with 24 homes closing over $2,000,000 vs. 18 the previous year. The lake area saw 5 deals over $3,000,000, including a 2017 record sale of $5.5  million by Doris Nash of Ivester Jackson | Christie’s in The Point.

Christie’s Charlotte Homes For Sale & Real Estate


Eat, Drink, & Be Giving

By: Lee Steinour – Digital Marketing Manager

Ivester Jackson / Christie’s International Real Estate is excited to be a sponsor again this year at The Peninsula Community Foundation’s annual fundraising event, “Eat, Drink, and Be Giving” which will be held this weekend at The Peninsula Club at Lake Norman.

It will be a fun night filled with bourbon samplings and wine pairings, along with dancing, silent and live auctions, plus a Golden Ticket drawing.

Photo Courtesy: The Peninsula Community Foundation

Founded in 2001, The PCF slogan is “Neighbors Helping Neighbors,” it’s an all-volunteer organization serving North Mecklenburg County. “PCF brings people, capital, and ideas together to help local Lake Norman charities and the communities they serve.”This annual fundraising gala will help raise money to support local organizations, improving the lives of those in need in our community.

pcf logo

Projects include; contributing money to help build Habitat homes, funding for The Ada Jenkins Center, improving the Hope House in Huntersville, and providing need-based college scholarships to students from North Mecklenburg public high schools.

This just touches on the work of PCF, to learn more visit the PCF website.

Event Details:

November 18th, 2017 • 6:00 pm
The Peninsula Club
19101 Peninsula Club

Our agents are very involved in supporting our communities, you can find out more here.

 


In the News – Ivester Jackson is Grabbing Headlines

By: Lee Steinour – Digital Marketing Manager

Headline after Headline…

“If You’ve Always Dreamed About Living Like a Disney Princess, We Just Found the House for You!”

“Thank you, Lord Baby Jesus for this Lake Norman mansion.”

“Top 20 Homes on Instagram You Have to See This Week.”

Ivester Jackson Christie’s International Real Estate is garnering local, national and international attention.

The most recent news includes an online article that went viral featuring a current listing seen in the popular NASCAR film Talladega Nights, a “Beauty and the Beast” style library, recognition for our excellence in marketing, Top 20 Homes on Instagram,  several properties spotlighted in the Christie’s Int’l Real Estate Luxury Defined blog and more.

Two IJ listings are included in the list of “Instagram Top 25 Homes You Have to See This Week.”  

An enchanting Charlotte French inspired home is featured in Christie’s most recent Luxury Defined blog highlighting Architectural Style: French Provencal.

Christie’s choose a lovely Lake Norman home to include in its article about desirable homes with lakeside access or views – sunset included.“Private Banks – 6 Fabulous Lakeside Homes.”

17240 Connor Quay Court

A luxury Lake Norman waterfront mansion is the focus of a Charlotte Agenda blog about NASCAR film Talladega Nights – the story was picked up by news outlets around the world, various local television stations across the U.S. and popular racing websites.

173 Macon Avenue

Just this year we opened a new office in up and coming Asheville, North Carolina, an elegant Tudor-style residence becomes the focus of another Christie’s blog called “Luxury Living: Homes that have hosted the great and good.”

1454 Queens Road

A two-floor mahogany library with a balcony, rolling ladders and fireplace captured the imagination of both Southern Living and Charlotte Agenda.

If you’ve always dreamed of extra elbow room in your shower, check out this Charlotte Agenda article showcasing super large showers.

Charlotte Business Journal wrote about Mecklenburg county’s priciest home sales and included several Ivester Jackson properties.

To stay up to date on all the news about Ivester Jackson Christie’s International Real Estate make sure to follow us on Facebook, Twitter, Instagram, LinkedIn, Google+ and Pinterest.

 

 Christie’s Charlotte Homes For Sale & Real Estate

 

 


Memorial Day Weekend Events Around Charlotte & Beyond

It’s the official kick-off to summer and there’s plenty to do this weekend in and around the Queen City.

The Speed Street Festival runs May 25 – 27 ending with NASCAR’S Coca-Cola 600 race at Charlotte Motor Speedway on May 28th. Denny_Hamlin_and_Joey_Logano_on_pit_road_2009_Coca-Cola_600

Many people break out the boat and head to Lake Norman or Lake Wylie for a weekend of fun on the water.

Live Music and Fireworks will entertain at the US National Whitewater Center. 

Families head to Carowinds just south of Charlotte to enjoy a day of thrill rides and the state’s largest water park. Note: Sunday and Monday are Carowinds Military Days – show a valid military I.D. to get in free.

Popular Birkdale Village in Huntersville will host a ceremony on Monday, May 29th, at 11 a.m. birkdale lead page

Mint Hill Madness runs all weekend with live music, carnival rides, and fireworks.

If you want to head out of town, nearby Winston-Salem plays host to the North Carolina Wine Festival May 27th. In less than 2 hours you can find yourself in the Blue Ridge Mountains, with so many quaint towns to explore; including Asheville, Boone and Blowing Rock.

 


Asheville – Tale of Two Cities

IvesterJackson Distinctive Properties & Blackstream International
are the exclusive affiliates of Christie’s International Real Estate in Asheville, North Carolina.

Asheville tells the tale of two cities by bringing together a historic mountain community with a modern urban downtown.

Land of the Sky

Nestled in a thermal valley of North Carolina’s Blue Ridge Mountains is a city the locals call Asheville, or,  “Land of the Sky”. Poised at the confluence of the French Broad and Swannanoa Rivers – not far from where the Blue Ridge meet the Smoky Mountains – this verdant paradise is home to the oldest mountain range in the world. At an elevation of 2,500 feet, the moderate climate and four distinct seasons make this mountain paradise the perfect place to enjoy year-round.iStock_000051660082_XXXLarge

The Biltmore

Once part of the Cherokee Nation, the first the first Europeans came to the area in 1540, but it was not until 1784 that the history of Asheville as a town, began. A century later, at the height of the Gilded Age, George Vanderbilt’s vision brought the renowned talents of architect, Richard Morris Hunt, and landscape architect, Fredrick Law Ulmsted, to the Blue Ridge Mountains of North Carolina. Together, Hunt and Ulmsted transformed the rugged terrain along the French Broad River and created Biltmore House,
America’s largest home. Today, the 250-room chateau continues to attract guests to the area from around the world, just as it did when it was first opened to Vanderbilt’s guests on Christmas Day in 1895.Untitled-3

Roaring 20’s

In 1889, Asheville was the first city in North Carolina with electric rail streetcars. From the 1910s through the roaring 20s, Asheville grew to become the third largest city in the state, but that growth quickly halted with the crash of the stock market in 1929. At the time, Asheville had the largest municipal debt from infrastructure projects of any city in the US. It was not until the 1980’s, when that debt was finally repaid, that Asheville began to grow again. While slow to recover, the prior epoch ensured that the most complete collection of art deco buildings in North Carolina remained intact – the impetus for its future revival.

Where The Tale of Two Cities meets Tales of the City, the area boasts a literary history of triumph and tragedy as home to poet, Charles Sandburg, birthplace of novelist, Thomas Wolfe, and where F. Scott Fitzgerald retreated to the legendary Grove Park Inn to write in seclusion. While Armistead Maupin could easily have written any number of stories in Asheville’s progressive atmosphere, and Charles Dickens could have found inspiration in the cotswold-esque, Biltmore Village – the original township adjacent to the estate built to support the large workforce required to realize Vanderbilt’s grand endeavor – Wolfe never could have imagined the cultural jewel that Asheville would become.

Downtime

Where bluegrass licks meet the aristocratic culture of the past, Asheville offers the best food, accommodations, and recreation. The verdant mountainside of the National Parks and Forests that surround the city provide great trails for walking, hiking, and mountain biking. Not far from town, rushing waterfalls and scenic waterways are perfect for fishing, kayaking, and canoeing. The walkable urban core, public transportation, and any number of taxi or ride-share solutions provide easy access to the surrounding neighborhoods and main attractions.Untitled-1

From micro-breweries to farm-to-plate cuisine, diversity is the key to Asheville. The cosmopolitan city center with its sidewalk cafes, bistros, museums and architectural masterpieces has been referred to as, “The Paris of the South.” It’s renovated and rehabbed bohemian West side is now a vibrant socially-conscious hub for young creatives and families. Blending new with the old, many buildings and properties from the 30’s and 40’s that have been
transformed over the last decade. Bike shops, boutiques, pubs, and live performance venues on Haywood Street, the main thoroughfare, provide the best mix of urban and suburban amenities.

unspecified6Click here to learn more about our Asheville Office at 18 South Pack Square or VIEW OUR CURRENT ASHEVILLE LISTINGS.IJ-Blackstream-SideBySide-Grey