Charlotte Homes For Sale with Glorious Gardens

Looking for a home with a glorious garden?

Ivester Jackson Christie’s has several spectacular homes in Charlotte that can satisfy your green thumb and love of the outdoors.

Continue reading Charlotte Homes For Sale with Glorious Gardens

Charlotte Real Estate Market Reports

 

* Pending Sales Report (Over $500k) for May 2018 – Lake Norman/Davidson, Charlotte, Union County & Buncombe County:

While Lake Norman, Union County & Buncombe County pending sales showed upward movement as the month of May progressed, Charlotte’s pending sales ended the month down by 5%. Union County had a slightly higher pending sales increase at 15% over Lake Norman’s 12% increase but Buncombe County lead all areas with almost a 19% increase in pending sales by month end.

* Showing Trends Report (Over $500k) for May 2018 – Lake Norman/Davidson, Charlotte, Union County & Buncombe County:

Following suit, Showing Trends for May 2018 compared to this same time in 2017 were also up across all areas except Charlotte, which was down albeit by only 1%. This indicates a pretty tight inventory with showings about flat and pending sales down for the area as buyers struggle to find homes they like enough to go see much less buy. Lake Norman showings were up by 20% as were both Union and Buncombe Counties by 26%-27%, right in line with their upward pending sales trends.

Charlotte | Lake Norman Christie’s Significant Sales for May

102 Eastham Court, Mooresville NC

A rare find on Lake Norman – not only is this home located in the highly sought after “village location” at the Point – but it is one of the few homes which embraces the style of lake living.

Closing Price – $2,700,000

Listed by Agent: Annie Livingston

1962 Brawley School Road, Mooresville NC

Tucked behind a lushly landscaped burm on a private drive it is conveniently located across from Club amenities.

Closing Price: $828,000

Co-Liste by Agents: Doris Nash & Jessica Simpson

8270 Catawba Cove Drive, Belmont NC

Gorgeous Custom Timber Frame home with a large open view of Lake Wylie for the perfect backyard retreat!

Closing Price: $845,000

Listed by Agent: Candy Thomas

Charlotte Market Snapshot: Luxury Property in Weddington, Waxhaw, & Providence Road

Market Snapshot

Weddington, Waxhaw, & Providence Road

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 – 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.

Charlotte Christie's homes for sale

Charlotte Christies homes for sale

Charlotte Christie’s Luxury Homes Market Report

First Quarter Charlotte Luxury Property Report

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.

South Park

christie's charlotte homes real estate
2032 Delpond Lane

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

christies charlotte real estate homes for sale
964 Granville Road

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

christie's homes for sale charlotte real estate
8500 English Turn Lane

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/)

Read Our Q1 Lake Norman Market Report

We Look Forward To Providing Advice On Your Next Property Transaction_
Ivester Jackson I Christie’s International Real Estate
704.655.0586 (9-5 M-F)
Info@IvesterJackson.com

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

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.

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

 

 

Ivester Jackson|Christie’s Significant Sales

The Charlotte real estate is hot this year.

We kicked off 2017 running and haven’t slowed down.

Take a look at some of our “Significant Sales” at Lake Norman and Charlotte.

View All Ivester Jackson Listings

January – 

9011 Pine Laurel Drive, Weddington

$1,000,000

Lisa McCrossan


 

9800 Sedgefield Drive

9800 Sedgefield Drive, Waxhaw

$1,375,000

Betsy Stec Market


 

8608 Waxhaw Creek Road, Waxhaw

$1,265,000

Cindy Castano Swannick

Master Bedroom (1)


 

16334 Belle Isle Drive, Cornelius

$3,250,000

Lori Jackson

Tracy Davis


 

February –


8430 Double Eagle Gate Way, Charlotte

$950,140

Kim Raymond


 

8608 Waxhaw Creek Rd, Waxhaw

$1,265,000

Cindy Castano Swannack


 

tuskara trail

March –

185 Tuskarora Trail, Mooresville

$1,525,000

Emily Duke

Doris Nash


 

1623 scotland den

1623 Scotland Avenue, Charlotte

$1,325,000

Kim Raymond

 


 

473 Hempstead Place, Charlotte

$2,885,000

Matthew Paul Brown


 

16922 Green Dolphin Lane, Cornelius

$1,400,000

Lori Jackson


 

16304 Belle Isle Drive, Cornelius

$1,742,220

Lori  Ivester Jackson


 

April –   2124 sherwood

2124 Sherwood Avenue, Charlotte

$1,550,000

Tommy Ingram


 

1204 Mainsail Point, Cornelius

$1,650,000

Lori Ivester Jackson


 

16240 north point road

16240 North Point Rd, Huntersville

$1,260,000

Alison Smith


 

107 Vineyard Dr, Mooresville

$1,800,000

Doris Nash

Jessica Simpson


 

8149 Deep Water Lane, Denver

$1,300,000

Alison Smith

Tracy Davis


18204 Mainsail Pointe Drive, Cornelius

$1,650,000

Lori Ivester Jackson

Reed Jackson

 

 

 

 

 

Big Jump Expected in 2017

By: Dee and Tar Reid – Brokers Ivester Jackson | Christie’s

Big Jump Expected in 2017 for Charlotte Luxury ($1M+) Home Sales

 

Showing activity is a leading indicator of upcoming sales.  Since the election, Charlotte Luxury Home ($1M+) showings jumped 45% compared to the same period last year.

luxury showings tar 1

This suggests stronger first quarter 2017 Luxury sales than 2016 sales – and Q1 2016 was robust.

Big Jump Expected in 2017 for Charlotte Luxury CONDO Sales

Since the election, Charlotte Luxury Condo showings have also jumped 96% compared to the same period last year.
condoWhy not get a head start on the market and get your home positioned for an early sale?

At Ivester Jackson | Christie’s International Real Estate, we’re one of the region’s fastest growing luxury brokerages in large part because we actually invest in getting your home maximum exposure.

We invest extensively in print advertising – The Charlotte Observer, Charlotte Urban Home Magazine, Luxury Magazine, SouthPark Magazine, Wall Street Journal, New York Times, and our own Ivester Jackson I Christie’s Portfolio of Fine Homes in our area.

We also market your home on social media including custom Facebook ads, by drilling down into demographics to target more likely Buyers.

Agent Dee Reid - Ivester Jackson | Christie's
Agent Dee Reid – 704-281-3913
Agent Tar Reid - Ivester Jackson | Christie's
Agent Tar Reid – 704-905-8221