Last week, the eldest Peters duo (Kaitlyn and Caleb) participated in their first overnight camp of the summer. After reuniting yesterday, the three have been inseparable. Today’s adventure included a family bowling outing. (Kaitlyn had to catch up on her online summer class, missing the festivities.)
AMF University Lanes in Charlotte offered the Peters family the perfect outing. Open every day, the 40-laned entertainment facility provides traditional bowling for professionals and neophytes alike. The best part? Kids bowl free all summer long!
After playing about an hour, Nicholas came out on top, but Caleb was proud of his distant second place. Even Brayden had fun, scoring a strike before anyone else in the family.
A site dedicated to anticipating and analyzing the nation’s various housing markets predicts another good year for Charlotte.
“Forecasters generally agree Charlotte has fully recovered from the Great Recession and is expanding once again,” says Adam O’Daniel of the Charlotte Business Journal. According to Zillow Charlotte, NC has a home value index of $148,300. Charlotte North Carolina real estate reported a significant slowdown in home value appreciation last year. At the end of 2013 the home value appreciation was showing a year-to-year increase of 7.8%. So while a drop to 3.3% might seem like a large decrease the Charlotte real estate market has rounded out to a more modest pace; the current rate could not be sustained much longer.
At the beginning of this year the average sale price for the Charlotte market was around $227,000. The conforming loan limit for Mecklenburg county (where Charlotte is located) is currently $417,000. Mortgage loans that can be sold to Freddie Mac and Fannie Mae cannot exceed this amount. This is a good sign for buyers. When loan limits are higher than median prices, as they are in Charlotte, anyone buying a home should be able to find a reasonably sound real estate investment within the conforming loan limits. To put it in layman terms, buyers using standard mortgage financing have plenty of options when shopping for a house.
So how will home values do this year? The general consensus is that prices nationwide will increase more gradually in 2015 compared to last year. The number of homes for sale in the Charlotte market rose by over 8% over the last 12 months. This is another contributing factor for anyone buying a house in Charlotte to have more options to choose from. So the takeaway is that home prices in the area are expected to rise throughout this year but not as much as in previous years.
Charlotte saw an unemployment rate that peaked at 12.6% in 2010. Since then, the rate fell below 6% today. Charlotte is the second-largest banking center in the nation behind only New York City. This strong economy draws in young professionals from around the country. The strength in the local economy puts more people in a position to buy a home and adds another positive trend for Charlotte as economic strength drives housing demand.
We expect mortgage rates to remain below 5%, home prices to increase, and Charlotte’s economy and job market to steadily improve. “We’re looking at the best year in terms of economic growth that we’ve had in almost a decade,” says N.C State economist Mike Walden. All of these contributing factors make Charlotte one of the best places to live in North Carolina.
The Charlotte City Council has seen growing developer interest for commercial real estate in the area as the real estate climate climbs.
Another bidder has emerged for a 3.76-acre city-owned property in uptown Charlotte. The parcel of land is one of five surplus right-of-way tracts the city acquired from the N.C. Department of Transportation while modifications to the Interstate 277/South Caldwell Street interchange were made. Its prime locale has helped garner developer interest from several groups.
A limited liability company called Morgan Bond Charlotte made a $15.1 million upset bid for the parcel at the intersection of Caldwell and Stonewall streets, says Tony Korolos, director of the city’s real estate division. Morgan Bond is planning a mixed-use development at the uptown site that would bring in more employment opportunities and housing for local residents. The proposition includes multifamily, retail and potentially a hotel, Korolos says.
This is the fourth offer submitted for the land and the third upset bid. Prior to the Northwood Ravin bid, apartment development firm Camden USA Inc. had agreed to pay $13.3 million for property. Before that upset bid, Pollack Shores had offered to pay $12.2 million for the site.
“The winner at the end is going to be the taxpayers,” Korolos says.
Running out of ideas to incorporate sweet potatoes in your daily diet? Want to feed your entire family something that’s nutritious while satisfying your undeniable sweet tooth? Our recipe this week includes an easy-to-make side every family member will love!
Sweet potatoes (abt. 1 per person)
Roast sweet potatoes at 400 for approx 30-45 min, depending on size. (This can be done ahead of time and stored in fridge.)
Mash peeled baked sweet potatoes (1 medium per person) with 1 tsp of coconut oil per potato, 1 tsp honey and 1/4 tsp cinnamon.
Ever wonder what our listings look like beyond the weekly Featured Listing Friday or occasional New Listing Alert? Take a glimpse into our Charlotte area luxury listings on our recently updated Youtube account. Each video is a comprehensive slideshow of interior and exterior pictures of the home.
If you’re looking for a tour of a specific neighborhood, we offer those too! Check out our drive through Concord’s Kings Crossing community below.
One of our #FeaturedListingFriday homes has an updated virtual tour ready for anyone looking to relocate to the Concord area! With a spacious, family-friend yard and ample space for entertaining, this dream home is perfect for all families.
For more information on this home or any others posted on the blog, contact Nicholas Peters at (704) 264-4572.
School’s out for the summer. You know what that means: finding fun and affordable activities for your children. Thankfully Simon Malls has multiple mini-events for members of their KIDGITS Kid Club.
Lil’ Chef’s Party! June 6th at Concord Mills
KIDGITS offered kids ranging from 3 to 10 an opportunity to make their own fun-inspired treats this afternoon. Ranging from Twinkie submarines to robots made out of juice boxes, fruit roll ups, and applesauce, Caleb and Brady had fun donning their little Chef’s hats and creating edible goodies!
If you live in the Concord area and want to sign up for future KIDGITS events or want to know more about the program, visit Simon Malls here. Membership is $5 per calendar year from sign up date and includes a free T-shirt and birthday prize.
This Tasty Tuesday offers a quick, simple sweet potato side to compliment most poultry and seafood entrees. Depending on how generous you portion the topping, this recipe can serve up to four adults.
4 medium sweet potatoes
1-2 ripe, firm avocados, cubed
3 Tbsp. lime juice, divided
1 large, ripe tomato, diced
1 can black beans, rinsed and drained
½ jalapeno, stemmed, seeded, finely chopped
2 Tbsp. cilantro, chopped
3 Tbsp. olive or avocado oil
½ tsp sea salt
¼ tsp freshly ground black pepper
½ tsp cumin
1. Bake sweet potato. Preheat oven to 400 degrees F. Run sweet potatoes under water, cut a slit 1” long in the center of each potato, and then place on baking sheet. Bake for approximately 45 minutes, or until soft in the middle.
2. Prepare the topping. Slice, dice, cut, and cube. There’s plenty of time to do this while the sweet potatoes bake.
3. Combine all the ingredients and top a cool, baked sweet potato!
This week’s featured listing might be recognizable if you’ve seen Cinemax’s Banshee. Located in Waxhaw’s premier Saratoga Woods subdivision, this exquisite estate provides ample privacy without lacking in spectacular opulence. Treat yourself to a peek inside one of Charlotte’s most exceptional properties!
1420 Saratoga Woods Drive $4,495,000
On an astounding 22 acres, this regal home has approximately 10,000 sq. ft. of elegant living space! The grand entry with dramatic ceilings gives the appearance of grand-scale luxury as soon as you enter. The superb formal dining room, spacious family room, and projection room add to the home’s regality.
For a personal tour or more information on this featured listing, Charlotte real estate, or Charlotte luxury homes, please contact Nicholas Peters at (704) 264-4080.