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Wednesday, March 31, 2010

Sold - 1125 Molokai in Tega Cay





WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Thursday, March 25, 2010

Housing Activity on the Rise - Good News for All



Home Buying and Selling is on the move.  Although homes are still typically staying on the market much longer than this area is used to in the past, in the last few weeks, properties are pending and buyers are shopping!  Busy is good!

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Waiting to See what happens to PTL Towers



MorningStar planned a 174 to 220 unit retirement center. The group has begun to collect $1,000.00 to hold units. Banks are not issuing letters of credit to begin until York County issues permits for the work. We'll keep watching this project. Could be a good thing for retirement in Fort Mill.

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Monday, March 8, 2010

From A Lender in the Business



Charlotte’s the second best place in the country to buy a home, according to Forbes. The magazine ranked Charlotte #2 based on quality of life, job stability and predictions home prices here will rise.

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Sunday, March 7, 2010

New Farmers Market may be coming to Uptown Charlotte



Cheryl Myers, Center City Partners senior vice president for planning and development, says the market would be an ideal draw for tourists!  BLTs for ALL!  The sites being considered are:
Daniel Levines' 20 acre First Ward
Charlotte Transportation Center on Trade Street
Brevard Street, near the bus hub
A parcel near the proposed baseball stadium property in Third Ward

Isn't is nice to be SO CLOSE to Charlotte here in Tega Cay!!!

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

TRY THIS FOR JOBS: TweetMyJobs.com



What works?  Try this?  http://www.tweetmyjobs.com/ 

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Clear Springs BACK TO DEVELOPMENT



Like Baxter, small town feel, ready to go, FIRST PHASE!
A mixed use development is moving forward, the first like this since the economy and the real estate market went south.  According to the Business Journal, construction should move forward this fall in Fort Mill toward a 300,000 square foot Springfield Town Center.  The completed retail and office components would likely be valued at $45 million.  It will have a similar look and feel as the Baxter Town Center.  Why quit when the formula works! 

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Wednesday, March 3, 2010

What Type is Your Home?



My home is "unique"
My home is "my haven"
My home makes a "statement"
My home is "carefree"

From a recent article from the National Association of Realtors, a woman's perspective can be the deciding factor, in the purchase of 91 percent of ALL homes. What does YOUR HOME SAY?

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Thursday, February 18, 2010

Average Home Sales Price Chart



Click on Picture to Enlarge



















WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, www.EDIRealEstate.com North/South Carolina (704-319-9069 / 803-396-1423)

Median Close $193,000



York County Closings from December 6, 2009 to January 5, 2010

Units, Volume, Closed Average Price, Median
127,    $28,345,825,    $223,195,    $193,000

WE CAN SHOW YOU ANY PROPERTY YOU FIND FOR SALE, NOT JUST PROPERTIES WITH OUR TRUSTED SIGN...Doug Collins, Broker-In-Charge, http://www.edirealestate.com/ North/South Carolina (704-319-9069 / 803-396-1423)

Tuesday, February 16, 2010

Want to Go Green? Thought This Interesting from the Realtor Association

There is a variety of reasons to go green, but most come back to supply and demand. We have a limited amount of resources available and more and more people using them up. If we want our future generations to enjoy the same standard of living we've experienced, we need to take action.
Green building is a great place to start, as buildings consume 14% of potable water, 40% of raw materials, and 39% of energy in the United States alone (according to the US Green Building Council). That's 15 trillion gallons of water and 3 billion tons of raw materials each year! If that's not enough to convince you, here are some other reasons to go green:

For The Environment
Want to make the world a better place? Implementing green practices into your home or office can help reduce waste, conserve natural resources, improve both air and water quality, and protect ecosystems and biodiversity.

For The Savings
Want to make your dollar go further? Green systems and materials reduce energy consumption, which in turn reduce your energy bills. They also increase asset value and profits and decrease marketing time; making your dollar go further for longer.

For Your Health
Want to live healthier? Green building isn't just good for the environment; it's also good for YOU. Sustainable design and technology enhance a resident's overall quality of life by improving air and water quality and reducing noise pollution. According to a 2006 study by the Center of the Built Environment, University of California, green office buildings improve productivity and employee satisfaction in the workplace.

House Logic?

House Logic
Want to stay informed about how federal, and eventually state and local, actions could impact homes and communitites. Sign up and be equipped to join with REALTORS to make your voices heard.

Saturday, January 30, 2010

Business Journal - Report on Charlotte loses bid to join Supreme Court water fight

Lake Wylie, our water here in Tega Cay. Interesting article recently in the Business Journal.

Susan Stabley, Sjstabley@bizjournals.com
Portions of the Article.

South Carolina v. North Carolina is designated as case 138 Original; there have been only 137 other times a legal matter has gone straight to the high court. Usually a lawsuit is seen by the nine judges last, after working its way up from lower courts.

The inter-basin transfer or the IBT, removes water from one river basin into another. That's a problem for downstream communities and businesses - and states - because an IBT reduces the amount of water flowing in a river.

Energy companies and water utilities account for 92% of the water pulled from N.C. rivers. Of that, public-water supplies account for just a tenth of the demand. Charlotte pulls 53% of the water drawn by municipalities along the river. The demand for treated water grew to 110 million gallons per day in 2006 from 57 million gallons per day in 1987. The projected need by 2050 is 215 million gallons per day.

The city can still file a "friend of the court" brief to comment on issues in the federal case that it finds important.

"The city will work actively with the state to have our voice heard," says City Attorney Mac McCarley.

Wednesday, January 20, 2010

Home Sales Rose 13.1% in 2009 from December, 2008 Closings

The average sale price was $211,705, up 5.7% from $200,226 a year ago.

The average listing price of houses sold last month was $239,062, up 10.4% from December, 2008.

The number of home closings in the Charlotte area fell 23.7% in December from the 2,000 recorded a month earlier. The average sale price rose 8.4% from the $195,244 average in November.

Either way, this is good news for the area.

Thursday, January 14, 2010

California posts nation's largest foreclosure total in 2009, from Business Journal Report

About 4 million foreclosure filings -- default notices, scheduled foreclosure auctions and bank repossessions -- were reported on U.S. properties in 2009, according to RealtyTrac.

That represents a 21 percent increase in total properties from 2008 and a 120 percent increase in total properties from 2007, RealtyTrac reported. One in 45, or 2.21 percent of all U.S. housing units, received at least one foreclosure filing during the year, up from 1.84 percent in 2008, 1.03 percent in 2007 and 0.58 percent in 2006.

Foreclosure filings were reported on 349,519 U.S. properties in December, a 14 percent jump from the previous month and a 15 percent increase from December 2008, when a similar monthly jump in foreclosure activity occurred.

Despite the increase in December, foreclosure activity in the fourth quarter decreased 7 percent from the third quarter, although it was still up 18 percent from the fourth quarter of 2008

Four states accounted for more than 50 percent of the nation’s 2009 total, with more than 1.4 million properties receiving a foreclosure filing in California, Florida, Arizona and Illinois combined.

Monday, January 11, 2010

Where do you get the most for your money? Home Additions ...Cost vs. Value

National Averages: Addition to Recoup Value
Attic Bedroom, 83.1%
Bathroom, 59.5%
Composite Deck, 70.9%
Wood Deck, 80.6 %
Family Room, 65.3%
Garage, 62.2 %
Master Suite, 65.2%
Sunroom, 50.7%

Sunday, January 10, 2010

Tim Newman, CEO of the Charlotte Regional Visitors Authority, possible Democratic National Convention in Charlotte...has Tega Cay Link

From the Business Journal:
In May, the $200 million NASCAR Hall of Fame opens, just as the National Rifle Association brings its annual convention to town.

...Later this month, Newman, along with Mayor Pro Tem Susan Burgess and other leaders, will decide whether to move forward on a potential bid to host the 2012 Democratic National Convention...

On a personal note, nice man and family...met them when they visited Tega Cay on a short term rental on the lake, one of EDI Real Estate's properties.

February 9, 2010 Special Election in Tega Cay

Don't forget to Vote!

Tuesday, January 5, 2010

Beginning 11/06/2009 and Ending 12/05/2009 - Average Closed Home by County

Mecklenburg:
Units - 935
Average Closed Price - $210,811.00

York:
Units - 176
Average Closed Price - $186,247

Union:
Units - 175
Average Closed Price - $250,709.00

Lancaster:
Units - 45
Average Closed Price - $232,325.00

Gaston:
Units - 143
Average Closed Price - $123,187.00

988 Knob Creek, Tega Cay, SC 29708


Price Adjustment - Now $334,000
Ranch with Basement - MUST SEE!

Sunday, January 3, 2010

Welcome to Sugar Creek Garden Center - Owners from Tega Cay

Jan and George Wallace, from Tega Cay are planning to open a garden center in the Spring of 2010.   It will cater to homeowner demographics according to their website.  Looking forward to this opening!
Follow the link for more info.  http://www.sugarcreekgardencenter.com/Sugar_Creek_Garden_Center/Welcome.html

Saturday, January 2, 2010

Catawba Bridge!

York County is vying for federal stimulus money to help pay for a bridge across the Catawba River.


The $20 million dollar project would create a gateway connecting Rock Hill and Fort Mill, replacing a narrow two-lane bridge that spans the water on U.S. Highway 21. The county and municipalities would contribute more than $700,000 for bridge enhancements.

Friday, January 1, 2010

Manila Bay Ranch - For Sale WATERVIEW


Call Today if You Would Like to See this Ranch in Tega Cay
803-396-1423 Ex: 203

Higher-End Homes Face the Price Pressure (This and the Point of Sale in SC is hurting us all)

Though the cheapest houses on the market may not get much cheaper, more-expensive homes still have further to fall, which will likely slow the broader housing recovery.


The Standard & Poor's/Case-Shiller home-price indexes for October are due on Tuesday morning. Economists estimate the index tracking prices in 20 major cities was down 7.7% from a year ago.

That would mark the smallest year-over-year decline since November 2007, but would also leave prices slightly lower than in September, ending a four-month string of month-to-month improvements. That might cause some anxiety about the housing recovery.

Despite recent signs of a bottom, many observers expect home prices to fall an additional 10% before the bust ends.

A pipeline clogged with future foreclosures is the most-cited reason for such forecasts. Another has to do with the shifting mix of home sales.

So far this year, between a third and half of all sales in any given month have been foreclosures and other "distressed" properties, which have mostly hit lower-priced homes, typically the most available to subprime borrowers. Distressed properties have kept home prices falling, even as the government tax credit has boosted sales.

The worst of the subprime-mortgage defaults has likely passed, most analysts agree. That could explain why low-end homes are decreasing as a percentage of total foreclosures, while middle- and high-end homes are taking bigger shares, according to Zillow.com data.

That shift suggests price declines will prove more pronounced in middle and higher-end housing brackets, which haven't yet fallen as far as the broader market. In San Francisco, high-end prices are down just 25% from their peak, compared with 39% for the broader regional market, according to Case-Shiller data.

Monthly payments for adjustable-rate mortgages, which helped many buyers afford more-expensive homes, could rise next year, either due to payment resets or rising interest rates. That trend threatens more defaults on higher-priced properties, which would weigh on prices.

Further government aid could ease the sting, but may not be enough to offset market fundamentals—it couldn't stop prices from falling this year.

Printed in The Wall Street Journal, page C1