Charlotte & Lake Norman Significant Home Sales | November 2018

7005 Willow Trace Lane, Weddington NC

$2,000,000

Listing Agent: Lisa McCrossan

242 Pinnacle Shores Drive, Mooresville

$1,900,000

Listing Agent: Laura Pegram

163 Easton Drive, Mooresville

$1,387,500

Listing Agents: Doris Nash & Jessica Simpson

448 Stonemarker Road, Mooresville

$2,300,000

Listing Agents: Lori Ivester Jackson & Doris Nash

16101 Jetton Road, Cornelius

$2,175,000

Listing Agents: Melinda Meade-White & Berry Bean

107 Beachview Drive #31, Mooresville

$1,050,000

Listing Agent: Annie Livingston

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 Gated Communities – Christie’s Homes for Sale

 

Many homebuyers in Charlotte are interested in popular gated communities for several reasons including exclusivity, sense of security, privacy and an overall quiet atmosphere.

Ivester Jackson Christie’s Int’l Real Estate has some wonderful homes for sale in many of these Charlotte gated communities, including Skyecroft, Maple Grove, Pellyn Wood,  Greenwood, Morrocroft Estates, Norman Estates and Heydon Hall.

Click on the images below for more details, pictures, and virtual tours.

7919 Skye Lochs Drive | Under Contract

A Parade of Homes award winner, this meticulously maintained Skyecroft custom build features an owner’s suite on main with the second master located in the exquisitely finished walk-out basement.

Skyecroft is a lovely neighborhood with a serene peaceful landscape. It’s a resort style neighborhood with multiple walking trails, ponds, tennis courts and pool. It’s located minutes from Waverly & Rea Farms shopping & restaurants and excellent Weddington Schools.

Listing Agent: Jennifer Ford

500 Greywalls Lane $1,999,000
500 Greywalls Lane $1,999,000

Patrick Joseph custom built estate on over 3 acres in the gated community of Maple Grove.

Maple Grove has many large estate style lots and grand luxury homes, it’s located in a unique and peaceful area close to Lake Norman and just minutes from Highway 16 which makes for a quick commute to Uptown Charlotte.

Listing Agent: Reed Jackson

2019 Craigmore Drive $4,950,000

Unparalleled privacy abounds with this masterfully designed estate situated in one of Charlotte’s most desirable SouthPark enclaves, Pellyn Wood.

Some of the most beautiful Charlotte homes can be found in Pellyn Wood, located near SouthPark just 6 miles from Uptown, exquisite homes on wooded lots offer privacy for residents.

Listing Agent: Tracy Davis & Reed Jackson

8495 Norman Estates Drive
8495 Norman Estates Drive $7,200,000

Epic North Carolina Estate of unparalleled quality on a private 2.5-acre lot with miles of 180-degree views of Lake Norman waterfront.

Norman Estates is located on the quiet side of Lake Norman in Denver, NC and contains some of the most stunning waterfront lots in the area.  This community offers privacy and the best of lake living.

Listing Agent: Lori Ivester Jackson

8343 Providence Road $4,250,000

Exquisite French Country estate home nestled among immaculately manicured gardens and superbly situated on 5 wooded acres in fabulous Greenwood.

Greenwood is located just off Providence road south of Uptown Charlotte and has several sprawling luxury estates on large wooded lots.

Listing Agents: Reed Jackson & Lisa McCrossan

7545 Morrocroft Farms Lane $3,199,000

One of Charlotte’s premier settings highlights this flagship home in gated Morrocroft Estates.

Located in the SouthPark area, Morrocroft Estates is one of Charlotte’s most prestigious and private addresses, complete with 24-hour security and convenient access to Charlotte’s center city and dynamic SouthPark area.

Listing Agents: Reed Jackson & Cindy Castano Swannack

christie's charlotte golf course homes
9514 Heydon Hall Circle $1,899,000

Built by Kingswood Builders, words cannot truly describe what an unbelievable house this is, in a gated community, in a cul de sac with Quail Hollow Country Club in view.

Heydon Hall is full of spectacular homes located in a quiet neighborhood with tree-lined streets. It’s located minutes from Uptown Charlotte and right next to the distinguished Quail Hollow Country Club.

Listing Agent: Leslie Fisher

8236 Bay Pointe Drive $3,785,000

Exclusive private gated estate located on a peninsula lot. Over 800 feet of waterfront located in the middle of the main channel with views for miles.

West Bay is a beautiful gated waterfront community on the quieter side of Lake Norman in Denver, NC.

Listing Agents: Susan Dolan & Reed Jackson

3466 Governors Island Drive $3,300,000

Take award-winning luxury design features & superior finishes. Add best-in-class high-tech entertainment, automation & security.

Governors Island is a gated community located on the West Side of Lake Norman and offers spectacular waterfront views. Nearly 40 families call this island home enjoying the privacy and park-like setting.

Listing Agent: Laura Pegram

Charlotte Homes for Sale – Market Report

Charlotte’s luxury market saw a comparable start to that of 2017 this spring, while sold results in the mid-luxury segment below $1 M in value were fairly flat up to about $1.5 M in value. The ultra-luxury segment saw a surge in pending contracts near the end of March in both SouthPark and near town areas of Myers Park and Eastover.

Christie's Charlotte Luxury Homes for Sale
Charlotte Luxury Homes for Sale

Total showings and average showings per home increased about 3% in the $500 – $999 K range this spring over last spring. The range just above $1 M also saw an increase in showing activity over last spring of roughly 5%.

Charlotte Significant Home Sales
Charlotte Significant Home Sales

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 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 | August Significant Sales

By: Lee Steinour – Digital Marketing Manager

Ivester Jackson Christie’s International Real Estate Significant Sales for August 2017.

19446 Peninsula Shores Drive, Cornelius

$3,225,000

Agent: Lori Ivester Jackson


7349 Webbs Chapel Cove Court, Denver 
$1,085,000
Agent: Susan Dolan

 

 

 


419 Gladelynn Way, Waxhaw
$1,450,000
Agents: Lisa McCrossan & Cindy Castano Swannack

 

 


239 Kimberly Road, Davidson
$1,475,000   

Listing Agent: Emily Duke
Selling Agent: Colleen Ludington

 


105 Conway Court, Mooresville
$2,675,000
Agents: Doris Nash and Jessica Simpson

Christie’s Charlotte Homes For Sale & Real Estate

International Exposure for Charlotte Real Estate Firm

By: Lee Steinour – Digital Marketing Manager

Ivester Jackson Christie’s International Real Estate with offices in Cornelius, Charlotte, and Asheville North Carolina is gaining international exposure.

Wine Event with Noah May, Reed Jackson, Tracy Davis, Rick Moeser

Prominent Wine Tasting Event

The local real estate firm recently hosted a wine event at two prominent Southpark Estates and is featured in the most recent Christie’s “News for the Network” email newsletter which is sent to more than 1,300  affiliate offices around the world.

The event featured Christie’s Executive Director Rick Moeser who presented on the state of the global luxury real estate market and Christie’s Wine Specialist Noah May who spoke about the Old World and New World chardonnays and pinot noirs.

Villa in Montone, Italy

Featured in Italian Restaurant

On a recent trip to Umbria, Italy Ivester Jackson agent Colleen Ludington was delighted to see the Christie’s Int’l Real Estate magazines in a fabulous hilltop restaurant, Erba Luna, located in Montone, Italy. The magazine features several North Carolina listings. Colleen says, ‘It made me proud to see the truly global reach of our brand!”

Christie’s brochures in Italian Restaurant

The brochures were provided by the Christie’s affiliate Romolini International Real Estate Agency.