Sunday Night Steals and Deals

Tonight we will continue looking at Huntersville, NC, a little higher up on the price ladder...under 600k, under 800k and under 1 million.

In the under 600k range, we now see many features become common place. Mostly full brick veneer, granite counter tops, Stainless Steel appliances, and tile bathrooms. Neighborhood features step up a level as well, including golf, clubhouse, pool and tennis courts. Several of these homes were on the Golf course. Of, course. lot sizes are larges, ranging from .32to .94 acres.

Here is a case where $/sf is not always the best measure of value. The range here was 131 - 170 $/sf. Your 'value' in these homes would be in direct proportion to your interest in Golf, no necessarily in the amount of total space in the home. The same goes for the one house that had a private pool in the yard. Either you want it or it has no 'value', and may even be a negative, in your estimation of value.

Having said all that, the choice in this range was a 3866 sf home in Skybrook. A golf course community that has all the amenities mentioned above. At $151/sf it is solidly in the middle of the range at $584,900. Built in 2004, many of the new home hassles, like establishing a yard and initial window treatments are already in place. Of course new owners may have different tastes for some items, but changes can be made over time, not immediately. The house has a Master Suite down, a feature more and more in demand.

My choice in the under 800k range was easy. There was only one available, and newly on the market, as well. Also in Skybrook, priced at $799,900, the distinctive feature is a fully finished basement. Larger than the others at 5861 sf, it has 6 bedrooms and 6 baths, sitting on .57 acres!

In the under 1 million category, we see some true custom homes and estates, with land up to 15 acres or Lake view or even Waterfront. My choice is the Waterfront home. This is new construction, 3561 sf at $899,900. There is a private deck off the master bedroom with a lake view. This home even has a Private pier on Lake Norman (this is becoming a rare item, as every lot is not automatically allowed to have a pier). All these features make this one a real 'Deal', if it's in your range.

As I've said before, due to advertising restrictions, I cannot show pictures of these homes here, but you can email me and I will be glad to send you a full property report.

See you next week.

August Market Report- 28078

Huntersville, NC consistently ranks as a top place to live in the country, and it reports solid fundamentals in August. I think its convenience and relative value, what do you think?

Average	2006	2007	% Inc/dec
Cost per SF	$112.13	$114.36	1.99
# Solds	119	122	2.52
Aug-07	Average Sales Price		$296,653
ATS Index			106.96
Months Inventory			3.23

August to August up 2%, sold volume up 2.52, more evidence of a developing national market for real estate as actual sales volume- units- doesn't correspond to sold prices. Rather, I think our area appreciation is based more on competition from other cities-- and because of Hutnersville's popularity in recent years, it has reached a "national" value perhaps for this kind of suburban residential real estate? What do you think? A healthy ATS (Asking To Selling ratio) of 107% and inventory at 3.23 months indicates its continuing popularity. Here is a great photo link to introduce you to Huntersville.