Currently Offered in The Point

Luxury Property In The Point: A Market Snapshot

Luxury Market Snapshot For Christie’s Charlotte Real Estate Market

CLICK PHOTOS FOR LARGER VIEW

 

#1 Luxury Firm in The Point
#1 Luxury Firm in The Point
Significant Sales Over 1 Million
Significant Sales Over 1 Million
Currently Offered in The Point
Currently Offered in The Point
Market Snapshot

Helping Charlotte’s Homeless Children – Agents in the Community

Next month local community members will tee up at The Peninsula Club along the shores of Lake Norman to help homeless children around Charlotte.

A Child’s Place is helping spread the word about the need for helping homeless children in our local schools, according to their website “in Charlotte Mecklenburg Schools, more than 4,000 children are homeless. Imagine trying to complete homework in a noisy and crowded shelter, or sleeping in your car the night before a big test. For more than 4,000 children in our community, that is a reality. A Child’s Place intervenes at the family’s point of crisis, helping stabilize the family and addressing needs to help the children succeed in the classroom.”

Photo Courtesy: A Child’s Place

Ivester Jackson agent Julie Lopez supports the cause and says “every day in our work we see the importance of homes in children’s lives and I think it is important to help those who are not so lucky to have a home. ”

This year the tournament will be at 1 p.m. on Monday, April 16, at The Peninsula Club in Cornelius, NC, so you still have time to sign up.

Photo Courtesy: Swing Fore A Child’s Place

All funds raised from this year’s Swing Fore A Child’s Place Golf Tournament will go directly to A Child’s Place to support their crucial work with homeless children in Charlotte area schools.

Staff from the organization work in the highest-need CMS schools every day, they help ease the impact of being homeless on a child’s education.

They hope to meet the goal reached last year of $200,000 raised by the generous support of players and sponsors.

To sign up as a team, individual or to donate click the link below.

2018 Swing Fore a Child’s Place

Click on the video below to learn more.

Click Here to Learn More About A Child’s Place

Agents in the Community – Healing Dragons

By: Lee Steinour – Director of Digital Marketing

Carnevale Rosa di Firenze (Florence Pink Carnival) to be held on Carolina Grace.

 

Carnevale Rosa di Firenze (Florence Pink Carnival)

In just a few weeks an Italian style fundraising event will rock the shores of Lake Norman raising money for a great cause, the breast cancer survivor and supporter team Healing Dragons.

The 100- foot yacht Carolina Grace will host the Carnevale Rosa di Firenze.

This fundraising event will raise monies for the Healing Dragons team, which will be participating in the 2018 International Breast Cancer Paddlers’ Commission (IBCPC) Participatory Festival.

The international race is held every four years, and this July it will be in Florence, Italy, 120 teams from around the world are expected to attend.

“Carnevale Rosa di Firenze will be unlike any other event in our area as the Carolina Grace will be transformed into a festive, celebratory and fun floating venue for this unique fundraising event,” said Marlah Ebert, president of the Healing Dragons team and co-captain of their Florence team.  “Where else can you watch an amazing sunset with 100 other non-profit supporters while floating on Lake Norman in March?!”

Ivester Jackson agent Pam Boileau, VP and Secretary for the team and event says “Healing Dragons is a dragon boat racing team for cancer survivors and supporters. However, it is our breast cancer survivors that are going to Florence. The entire Boat, 22 team members, have to be breast cancer survivors.” Pam will be heading to Florence with the team and this is her 8th year participating.

Lake Norman Luxury Yacht Charters debuted the Carolina Grace in September 2017 and the charter company selected Healing Dragons as one of the non-profit organizations they will support this year through their non-profit organization, Charters for Charity.

The night will feature all things Italian, including food, entertainment, and décor. A silent auction and raffle will feature items like custom designed jewelry, local hotel stays, restaurant gift certificates, and tickets to the Opera.

Event tickets are on sale for $100 per person and are limited to the first 100 sold.

If you’re interested in attending this event which will be held Sunday, March 4th 3 – 6 PM please contact:

Pam Boileau 704-905-0366

@Pamb@ivesterjackson.com

Donations can be made to Healing Dragons Inc.

More Information About Healing Dragons:

Press Release: Courtesy of HealingDragons

Founded in 2009, Healing Dragons’ mission is to “inspire, encourage and support survivors of all cancers to triumph over the disease.” Through the collective and collaborative efforts of the team, the sport of dragon boating and team members and supporters’ commitment to health, mental and physical wellbeing, the non-profit’s goal is to improve cancer survivors’ quality of life. Education and community involvement are also a part of the organization’s vision.

The team practices on Mountain Island Lake and annually participates in at least six races throughout the southeast. Each year, the team kicks off its season in May at the Asian Festival on Lake Norman. Healing Dragons of Charlotte is sanctioned as a 501(c)3 non-profit organization.

About the Sport of Dragon Boating

Dragon boating is the fastest growing water sport in North America. The sport has been in existence for over 2,000 years and as history goes, the earliest races were in China and were rooted in training for naval warfare. Moving forward to the 1970s, the British-controlled government of Hong Kong started dragon boat racing as a way to attract tourism. Interest traveled throughout Europe, Asia and Canada with local festival races being held.

Dragon boats are human-powered watercraft.  Traditional dragon boats are 40 feet in length with ten seats, the 22 team members include side by side paddlers, a drummer/caller and steersperson. There are also ten person boats.  The length of races vary by venue and race conditions but typically range from 250 meters to a 2,000-meter finale.

In 1996, Don McKenzie, a sports medicine specialist in Canada, started the first breast cancer survivor team called “Abreast in A Boat.” It was his belief, and his research confirmed, that the sport would benefit breast cancer survivors through upper body and core strength training, lessening of lymphedema symptoms, team member support, commitment to wellness and the social aspects of being part of a team. In a very short period of time, the IBCPC was founded and now, over 166 teams from five continents are part of this organization. The organization’s international dragon boat festival will be held in Florence, Italy from July 6-8, 2018 and 120 teams, from throughout the world, will participate.

The Healing Dragons team welcomes new members and provide training. They encourage all cancer survivors and supporters to join and will start practices in late March/April depending on weather. Team members do not need to commit to the races.

 

 

 

 

 

 

 


The Ivester Jackson Team

Christie’s Recognizes Ivester Jackson as “Best of The Best.”

 Global Expertise, Tailored Service, Christie’s Credibility 

Christie’s International Real Estate, the world’s leading luxury real estate brand, announced this week it has awarded Ivester Jackson its prestigious “Overall Affiliate of The Year Award” at its annual ownership conference, this year held in Buenos Aires, Argentina.

Reed and Lori Jackson accepting award
Reed and Lori Jackson accepting Affiliate of the Year award

The overall award is given annually to one of Christie’s 145 market leading luxury brokerages from around the world, with recent previous winners including Daniel Feau of Paris, France, and Chestnut Park Real Estate of Toronto, Canada.

Market Leadership & the Passion to Succeed

While announcing the award at the Buenos Aires conference, Christie’s CEO Dan Conn noted, “since joining Christie’s four years ago, Ivester Jackson has grown by more than 200% and tripled in annual volume, in the process becoming the top seller of multi-million dollar estate homes not only in the Charlotte region but in North Carolina.”

Record 5.6 Million Transaction

International Exposure for Luxury Properties

Reed Jackson, IJ’s Managing Partner says “Our partnership with Christie’s has attracted luxury buyers to our agents and properties from a select worldwide audience and delivered maximum exposure for our listed properties. This acknowledgment of our region by an iconic brand like Christie’s highlights the continued emergence of North Carolina as an important destination for luxury property buyers from around the United States as well as for those originating internationally”.

173 Macon Ave - Asheville
173 Macon Ave – Asheville

Award Winning Magazine, Asheville & Events

In the past year, Ivester Jackson has expanded it’s Christie’s partnership into the Asheville, NC market, hosted Christie’s international head of wine and spirits, Noah May, at a wine event in Charlotte’s prestigious Pellyn Wood enclave, and been awarded the Florida Printers’ Association first prize/bound printed for it’s Portfolio of Fine Properties magazine, now distributed to over 11,000 regional luxury homeowners and international subscribers.

Ivester Jackson also wishes to congratulate the other market-level winners from this year’s conference:

Small Market: Special Properties

Medium Market: Coastal Properties Group

Large Market: Hawaii Life

 

Look for a formal announcement from Christie’s International Real Estate early next week.

Please contact Reed Jackson for more information about Ivester Jackson Christies and this prestigious award.

Reed Jackson – Reed@ivesterjackson.com

(704) 713 – 3623

Christie’s Charlotte Homes For Sale & Real Estate


839 Hudson Place

Weekend Open Houses

We have some beautiful homes open this weekend for you to tour, please join us!

Lake Norman:

Saturday:

18922 Balmore Pines Lane – Cornelius

$1,499,000

1 – 3 PM – Saturday

18922 Balmore Pines Lane
18922 Balmore Pines Lane

Sunday:

17226 Green Dolphin Lane – Cornelius
$2,950,000
2 – 4 PM – Sunday
17226 Green Dolphin Lane
17226 Green Dolphin Lane

839 Hudson Place –  Davidson
$1,299,000
1 – 3 PM – Sunday
839 Hudson Place
839 Hudson Place

3805 Deer Run – Denver
$764,500
1 – 4 PM – Sunday
3805 Deer Run
3805 Deer Run

18920 Henry Lee Knox Lane – Cornelius
$1,095,000
2 – 4 PM – Sunday
18920 Henry Lee Knox Lane
18920 Henry Lee Knox Lane

Charlotte:

3700 English Garden Drive – Charlotte

$3,250,000

3-5 PM – Sunday

3700 English Garden Drive

1614 Park Road Charlotte

$1,125,000

3 – 5 PM – Sunday

1614 Park Road

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.

 


Significant Sales for Fall

By: Lee Steinour – Digital Marketing Manager

2121 Queens Road E, Charlotte NC

$1,660,000

Tommy Ingram – Represented Buyer

Photo Courtesy: Pridemore Properties

178 Attleboro Place, Mooresville NC

$1,710,000

Doris Nash – Represented Buyer

Photo Courtesy: Chris Johnson Realty

105 Conway Court, Mooresville NC

$2,675,000

Doris Nash & Jessica Simpson – Listing Agents

 

239 Kimberly Road, Davidson NC

$1,475,000

Emily Duke – Listing Agent

Colleen Ludington – Represented Buyer

17022 Island View Drive, Cornelius NC

$1,260,000

Reed Jackson – Listing Agent

 

7349 Webbs Chapel Cove Court, Denver NC

$1,085,000

Susan Dolan – Listing Agent

19446 Peninsula Shores Drive, Cornelius NC

$3,225,000

Lori Ivester Jackson – Represented both buyer & seller

20035 Chapel Point Lane, Cornelius NC

$995,000

Lori Ivester Jackson – Listing Agent


21201 Senlac Lane, Cornelius NC

$1,060,000

Lori Ivester Jackson – Represented both buyer & seller


8385 Norman Estates Drive, Denver NC

$2,350,000

Lori Ivester Jackson – Represented both buyer & seller

8385 Norman Estates Drive - Lori Ivester Jackson
8385 Norman Estates Drive

 


108 Whaling Lane, Mooresville NC

$2,230,000

Doris Nash and Jessica Simpson – Listing Agents

108 Whaling Lane - Doris Nash Jessica Simpson
108 Whaling Lane

153 Rehoboth Lane, Mooresville NC

$3,500,000

Doris Nash and Jessica Simpson – Listing Agents

153 Rehoboth Lane Ivester Jackson Christie's Real Estate
153 Rehoboth Lane

148 Rehoboth Lane, Mooresville

$2,162,500

Doris Nash & Jessica Simpson – Listing Agents

148 Rehoboth Lane Ivester Jackson Christies Real Estate
148 Rehoboth Lane

3394 Governors Island Drive, Denver NC

$1,405,000

Susan Dolan – Listing Agent

3394 Governors Island Drive
3394 Governors Island Drive

121 Easton Drive, Mooresville NC

$2,100,000

Doris Nash – Listing Agent

Jessica Simpson – Buyers Agent

121 Easton Drive Ivester Jackson Christies Real Estate
121 Easton Drive

170 Broad Sound Place, Mooresville

$5,660,000

Doris Nash & Jessica Simpson – Listing Agents

Doris Nash – Buyers Agent

170 Broad Sound Place Ivester Jackson
170 Broad Sound Place

Charlotte’s Crown Jewel – A Modern Day Downton Abbey

By: Lee Steinour – Digital Marketing Manager

The filming of a movie spin-off of Downton Abbey is set to begin next year and in our opinion, we believe this Charlotte estate would be a perfect location! Perched amidst nearly 5 acres the home’s architecture and lush gardens were inspired by famed British architect Edwin L. Lutyens.

It seems like a lovely location for a historical period drama set in the 1920’s.

 

Unparalleled privacy abounds at this European influenced gated manor.

A magnificent two-story walnut paneled library would be the perfect backdrop and gathering space for British aristocracy. While the lower level could be transformed with movie magic into the servants living quarters during the post-Edwardian era.

The Crawley’s are all about entertaining and the property is perfect for guests, in fact, we hosted a spectacular event “An Evening with Noah May, Christie’s Wine Specialist” this past summer.

Take a Tour of 2019 Craigmore:

Contact Tracy Davis @ Tracy@ivesterjackson.com to learn more about 2019 Craigmore Drive.

 

 

 

 


The Pros and Cons of Selling Luxury Property at Auction

Longer Sales Cycles for Distinctive Properties

Distinctive properties can generally involve longer sales cycles than mid-market and everyday level homes. This is particularly true for properties in unique or isolated settings, or for those with very distinctive and personalized features. The simple fact is that the subset of the population that can afford to purchase multi-million dollar and up trophy properties is a very small segment of the population. Move up the food chain to some of today’s international trophy properties which can sell for hundreds of millions of dollars, and there may be less than 200 people on the planet who can make that type of investment.

Is An Auction the Right Solution?

Here in North Carolina, where our ultra-luxury segment probably begins north of $2 million, the question occasionally arises as to whether or not an auction is a right solution to move a property, so let’s evaluate the pros and cons, as well as some recent results.

Two Main Types of Auctions

There are a couple main types of auctions, those with a “reserve price” (a minimum the owner will take the property or they won’t sell), or those sold “without reserve” (the owner has waived the minimum and agrees to take whatever that auction’s appetite for the property will produce at offering price).

Pros:

  • Finality
  • Condensed Period of Making Home Available For Showings
  • Generally Pre-Qualified Buyers
  • Marketing Blitz To Qualified Buyers and Prior Mailing List

The general appeal of selling at auction includes the finality of hopefully being done as a seller (if sold without reserve, the home price garnered at auction generally means the selling of the home is moving toward a closing, pending a likely inspection by the buyer). An auction is a condensed period in which the home is marketed, may be open for a couple of weekends prior to, but otherwise reduces the hassle of having a home for sale and prepping it for showings over an extended period of time. Auctioneers generally verify the wherewithal to buy of all participants.

Cons:

  • If Sold With a Reserve Minimum, A Property May Not Meet The Minimum
  • Sellers Typically Participate in Thousands of Dollars in Marketing Fees
  • Sales Prices Can Be 30% Or More Below Recently Listed MLS Pricing or Comparables
  • Perceived Potential Stigma Or Fire Sale Mentality From Some Buyers
 
While a no-reserve auction can certainly be appealing given the likelihood of being able to move on fairly quickly (many auction sales still require 30-45 days of inspections, etc. to get to closing), there are some risks and downsides to consider. First, if the house is sold with a reserve that the auction audience fails to meet, its’ back to square one for the seller, often after coming out-of-pocket significantly to fund the marketing for the auction. Additionally, some buyers arrive with the mentality that auction properties are being “fire sold” or in some way have been stigmatized, which could result in the property being sold at a discount to what it ultimately might sell for with a conventional realtor’s approach. Finally, in looking at a couple recent North Carolina results, sellers need to be realistic about how a property will perform relative to its most recently listed MLS for sale price.
Two recent sales of properties listed at the $3 million dollar level, brought no reserve auction prices of $1.68 million and $1.994 million, somewhere between 30 and 40% off their most recent MLS listing prices,and it is fairly common to see auction sold price points at 25% or more below a property’s recent MLS list price. Given this discount, some sellers may want to consider adjusting their price by 5-10% prior to see if they can attract an offer above that 25-30% or higher discount that recent auctions have come in with.
Auctions Can Be a Great Option
For a seller with the simple desire to move on quickly and no sensitivity to steeply discounted offers, auctions can be a great option. For those more sensitive to net proceeds, more conventional price reduction strategies for a currently listed property, may yield a premium over the longer term to auction results. It really comes down to the goals each seller has during the property sales process.