Doom and Gloom? Rock and Roll?

Doom and Gloom, Good Times and Rock ‘n Roll or Somewhere Between the Two?

Where are we right now in Ballantyne Residential Real Estate?

Well, what do you think? If you saw the paper, turned on the radio or caught the 6 o’clock news last week, you knew about May homes sales…down…by a significant number. The overall feeling was “doom and gloom.”

It’s not a huge surprise to me. The federal government’s tax incentives in essence pulled sales that would have probably happened in May and June forward into April before the tax credit expired. At the beginning of the year, if you had asked me, “David, what will May home sales be like?” I would have replied…”they will be off.” Even in January, I could have told you March and April would be great and May would be down due primarily to the tax breaks.

OK…May is behind us…now what about June, July, and beyond and how will this affect you?

I think June sales WILL NOT beat April sales but they will be better than May.

The swing is/was not as big in Ballantyne and south Charlotte because the $8,000 tax credit was primarily geared toward first-time home buyers and we don’t have as many in 28277 as, let’s say, University City or Steele Creek.

However, in our community, sales have been increasing every month…not spectacularly…but the climb has been steady. April was better than March, May was better than April and I’m betting that June will close out better than May. My sales have been better each month as well.

We have a market that’s not terrible but not great. If you’re selling, here’s what to expect in the Ballantyne area. If your location, price, and condition are good, I can probably show your home two to three times a week. If there’s an issue with price, condition, or location, it’s realistic to expect your home will only get a look once every two to three weeks.

If you’re a buyer, the market remains great. Yes…for the most attractive homes, you will find some competition but if you’re flexible, there are some tremendous bargains in the Ballantyne home market.

Are you thinking of selling very soon?  Click here and get my FREE brochure titled “Making Your Property Stand Out and Get Sold!”

Are you ready to buy?  There has never been a better time. Interest rates at their lowest levels ever!  Click here now and I’ll send you a FREE brochure titled “What Makes You a Strong Buyer.”

What is your house worth today? Looking to buy a dream home?  Call me at (704) 634-9682 or email me at david.huss@allentate.com

Not ready, but are curious to keep up with your home’s value?  Then go to www.charlottehousevalues.com and sign up for my free monthly value report. My web site is here. www.davidhuss.com

Why do I love living in the Ballantyne area?

Just about every day I ask myself, “Why do I love living in the Ballantyne area?” I come up with a lot of answers but perhaps the best answer came to me over the last two days.

I was working out at the Morrison YMCA recently and was struck by the number of families taking advantage of the facility. At 3 p.m. on a Sunday afternoon, the cardio and strength training floors were about 75% full. I looked out the window a saw a swimming pool that was absolutely jam-packed. When I looked to my left, I saw high school kids playing volleyball in the sand pit. Up on the track, people are running, stretching, and kids are playing soccer on the fields.

All weekend, people were gathering at Ballantyne Village for dinner and music. People were also enjoying the great weather and music at Stonecrest.

Flash forward 24 hours. Ballantyne Country Club is the scene for the Morrison YMCA’s annual golf fundraiser for Project Starfish. About 100 people participated!  Through entry fees, contests and generous donations, the Y raised over $100,000. Plus, each team got professional golfer Fred Couples hit a shot for them. What a great surprise!

At each location in this blog, people were talking; people were getting to know each other; people were having a good time. People were doing things to make a difference in our Charlotte community. People truly love living here! Everything is right at your doorstep.

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What is your house worth today? Looking to buy a dream home?  Call me at (704) 634-9682 or email me at david.huss@allentate.com

Not ready, but are curious to keep up with your home’s value?  Then go to www.charlottehousevalues.com and sign up for my free monthly value report. My web site is here. www.davidhuss.com

Wow! Real Estate has Gone NUTS!

It’s been a couple of weeks since my last post…I can explain my blog absence. You’ll be happy to know I’ve been busting it at work which is good for me, my clients, and you!

In the last two weeks, I’ve helped to put four houses under contract. Yes, it appears buyers are no longer “just looking” and are making decisions.

Why?

There is a lot of pent up demand.

People are becoming accustomed to the “new norm” of the economy.

They’re ready to make decisions and get on with life.

Some buyers were looking to get out of an apartment.

Some buyers had the ability to take advantage of a good opportunity.

Does it mean that sellers in the Ballantyne area residential real estate market can pop the champagne and throw a party? Yes and no.

Your house is not worth what it was worth three years ago. Get used to it…it’s reality. And realize too that the house you are going to purchase isn’t worth as much either.  If you’re a move up buyer, that million dollar house may only be worth $800K today.

If you looked at a $300,000 house a couple years ago, you can buy that house now for $270,000.  Yes, some sellers will hold out, but they are being delusional.

What is your house worth today?  Looking to buy a dream home?  Call me at (704) 634-9682 or email me at david.huss@allentate.com

Not ready, but are curious to keep up with your home’s value?  Then go to www.charlottehousevalues.com and sign up for my free monthly value report. My web site is here. www.davidhuss.com

Here’s a teaser!  Next blog…the luxury market is heating up.  Yes, the well-to-do are snapping up properties.