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7973 Salem Springs Drive, Denver, NC 28037 - $279,000
 
 
Fabulous 4 bedroom home w/open floor plan. Hardwood & ceramic floors on main. Spacious eat-in kitchen w/42" cabs, SS appliances, gas range, double wall oven. Over sized master suite, master bath, garden tub, frameless shower & walk-in closet. Private guest suite w/full bath. Custom built-ins, plantation shutters, full yard irrig. w/sep meter to save on water cost. Walk-in attic. Garage shelves & sink. Private yard, gutter guards,1 yr home warranty. Click here for more info.
 
 
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Charlotte ranks 16th in Urban Land Institute Report
 
The Charlotte market ranks No. 16 on a list of markets to watch in the 2014 Emerging Trends in Real Estate report, released by the Urban Land Institute and PricewaterhouseCoopers.
 
Charlotte ranked No. 17 last year and moved ahead of the Raleigh-Durham market, which slipped six spots this year to 17th.

...The report provides an outlook on real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas and other issues.
 
The report is based on survey responses from more than 1,000 real estate professionals.
 
The rankings of markets to watch is based on how respondents view real estate prospects in each city for investment, development and homebuilding.
 
In those three categories, Charlotte ranked 17th, 18th and 13th, respectively. Charlotte made the biggest jump in the homebuilding category, rising from 19th, or “fair,” last year to “good” this year.
 
“Growth next year will be faster as the large service sector, including professional and business services, expands consistently,” the report says of the Charlotte market. “Well above-average population growth bodes well for gains in health care, consumer industries, and housing. Charlotte will outperform the country as a whole in the near term.”
 
The report also notes Charlotte has the second-highest five-year projected growth in the age 20-34 population, or nearly 15%.
 
“That is an impressive number,” says Stephen Blank, a senior resident fellow for real estate finance at the ULI. “That is a number that gets people’s attention. It’s a great statement for the city.” ... Read the full article here
Source: "Charlotte ranks 16th in Urban Land Institute real estate report" Charlotte Business Journal online, 11/20/2013
 
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Charlotte home prices, sales rise in November
Charlotte-area home prices rose 9.2 percent on average in November from a year ago, as closings increased and the supply of homes for sale continued its downward streak, the Charlotte Regional Realtor Association said Monday.
 
Lake Norman Real EstateInventory fell to a five-month supply from a 5.3-month level the month before and a 6.5-month supply a year ago, according to the report that tracks only existing-home sales. A balanced housing market has an approximately six-month supply, according to a widely accepted definition.
 
Low supplies helped drive up prices in November, the association said. The average price rose to $223,725 from $204,820 a year ago. The average price is at its highest level since $237,635 in August.
 
Another factor in rising prices is fewer sales of distressed homes, which tend to sell for less than nondistressed properties. Foreclosures and short sales accounted for a smaller percentage of sales than a year ago, the association said.
 
Sales continued their trend of annual gains. November closings rose to 2,619, up 15.2 percent from a year ago. Closings in the region have logged annual gains every month since July 2011... Read the full article here
 

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2013
 
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Lake Realty
704-892-1111
 
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Job & Economic News
 
230 jobs coming to Charlotte with new insurance technology center
 
Hundreds of six-figure-salary jobs are coming to Charlotte from one of the nation's leading insurance companies. Charlotte beat out several cities in a nationwide search for AIG's newest technology center. The jobs will be designing and testing software to support AIG's insurance business, which already has an office in Southpark. ... Read more here
 
Jet order by American Airlines will add jobs in Charlotte
 
A major order of regional jets by American Airlines Group Inc. (NASDAQ:AAL) will nearly double the size of regional carrier PSA Airlines, creating 900 new jobs — including some in Charlotte. Dayton, Ohio-based PSA says its job growth will include hiring pilots, flight attendants and maintenance crews at all of its locations.... Read the full article here
Lake Realty • 19900 W Catawba Ave, Suite 103 • Cornelius, NC 28031
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