It’s been an incredible year for Ivester Jackson Christie’s International Real Estate and some of Ivester Jackson’s most beautiful listings have garnered national and international attention from the press across digital marketing and social media channels.
From Forbes, Robb Report & the Wall Street Journal to local TV News outlets and publications, Ivester Jackson Christie’s homes in Charlotte, Lake Norman and Asheville have been featured in articles about luxury, architecture, beauty and history.
Ivester Jackson / Christie’s International Real Estate is excited to be the presenting sponsor again this year at The Peninsula Community Foundation’s annual fundraising event, “Let’s Celebrate Friendsgiving,” which will be held November 17th at The Peninsula Club at Lake Norman.
This annual gala serves to raise money to support local charitable organizations to improve the lives of those in need in our community.
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.”
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. You can visit the PCF website to learn more about their extensive work with the many charitable organizations they support.
Please join our agents for a fun night of cocktails, dinner, games, raffles, and dancing to support our community!
Clean air to breathe and water to drink, excellent medical & dental care, a good education, these are just a few of the things we take for granted living in America, but in countries like Guatemala, one of the poorest countries in the Western Hemisphere life isn’t easy for most of the population.
For 6 years Ivester Jackson agent Melinda Meade-White has answered the call to help the people of Guatemala gain access to these items and more by traveling to their country with Davidson United Methodist Church.
Melinda says “It’s such a wonderful week we get to spend with the people of Guatemala, building special relationships while offering much-needed assistance.” Many times Melinda’s group travels into very remote villages in the highlands where they build stoves that vent to the outside. Traditional stoves in the homes are non-vented trapping smoke inside leading to respiratory problems.
The team works on many other projects as well, including building churches, teaching children Vacation Bible School, medical exams, and seeds and nutrition training. Education is important for economic development and in this area, missionaries offer scholarships, basic computer training, and Micro-finance loans. They also help provide clean water by supplying water filters to families which help clean the dirty water that they get from community wells.
Melinda says “we work with locals as our interpreters since we have to translate from English to Spanish to local dialect Chi-Chi.”
The group’s mission is to work with the people, not for them so the community will be involved and benefit while working together for greater goals.
To learn more about DUMC Guatemala visit their website.
CHARLOTTE, N.C. – The Charlotte Regional Realtor® Association provides monthly reports on residential real estate market activity for the Charlotte Metro region based on data from Carolina Multiple Listing Services, Inc. (CarolinaMLS). The Charlotte Metro region, which this report is based on, includes 12 counties in North Carolina and four counties in South Carolina.
The Charlotte Metro region year-over-year home sales in April increased 1.6 percent, with 4,028 properties sold compared to 3,963 properties sold in April 2017. Compared to the previous month (March 2018), sales rose 4.2 percent.
The average sales price in April 2018 ($292,158) increased 8.1 percent compared to April 2017 ($270,241), while the median sales price ($240,000) increased 7.4 percent compared to April 2017 ($223,498). Compared to the March 2018, the average and the median sales price increased 4.4 percent and 2.1 percent respectively.
The average list price in April 2018 ($342,606) increased 6.6 percent compared to April 2017 ($321,505), bringing the percent of original list price received measure to 97.4 percent, a slight increase of 0.2 percent compared to the same period last year. Pending sales in April 2018 (5,245) rose 10.7 percent compared to April 2017. Compared to the previous month (March 2018), pending sales increased 1.2 percent.
“It’s good to see year-over-year sales this past April increased slightly over last year’s sales; however, sales activity remains slow this spring and lagging behind previous years with tight inventory impacting home prices,” said 2018 Charlotte Regional Realtor® Association/CarolinaMLS president Jason Gentry. “The good news is that pending contract activity continues to show strong interest from buyers.”
New residential listings (5,773) increased 0.7 percent in April 2018 compared to the same period last year. Compared to the previous month (March 2018), new listing counts decreased 3 percent. Inventory continued to fall, with the number of homes for sale down 22.6 percent compared to April 2017, which left the CarolinaMLS region with 8,515 properties for sale at report time, or 2.1 months of supply of inventory. A year ago in April 2017, the region had 11,008 properties for sale or 2.8 months of supply.
The average number of days a property was on the market from the time it was listed until it closed (list to close) was 94 days, which is five days fewer than it was in April 2017. Days on Market, the metric that accrues for “Active” and “Under Contract-Show” statuses, totaled 44 days, which is five days fewer than April 2017.
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.
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).
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.
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.
“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.
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.
6 years ago a group of women in the 18-Hole Ladies Golf Association at Carmel Country Club came up with a wonderful way to raise thousands of dollars to help bring cutting-edge cancer treatments to Charlotte and the Carolinas.
Many of the women in this tight-knit group and their families have been touched by cancer and so far through their hard work and dedication, they’ve raised more than $150,000 for the Levine Cancer Institute.
Ivester Jackson real estate agent Leslie Fisher is involved with C4CC and says funds are far-reaching “They work on clinical trials and research for a variety of cancers, not just one specific one, so the nice thing is our money impacts so many people!”
Two C4CC recognition plaques have been placed in Levine Cancer Institute public spaces including The Phase 1 Clinical Trials Family Waiting Room which was dedicated in August 2014 and another plaque was added to the LCI Pharmacy in 2016.
Want to get involved? You can still attend the 6th Annual C4CC Dinner Reception/Silent Auction on Thursday, October 5th at 5:30 PM at Carmel Country Club – contact Margie Eades (C4CCcancer@aol.com or 704-236-0920) for details before the Friday, September 29th deadline.