Cornelius and Davidson Rank High on Best Beach Towns List

When you think beach towns, the first thing that comes to mind is likely somewhere in Florida, or maybe the North Carolina coast, the Jersey Shore, Hawaii, or California. But what about lake area beach towns? Fortunately, if none come to mind, the website WalletHub just posted a list of the Best Beach Towns to Live In, with rankings for both ocean and lake towns. 

Based on 62 key indicators of livability, their study found the top three lake beach towns to live in are Traverse City, MI (Lake Michigan), Folsom, CA (Lake Folsom) and Cornelius, NC (Lake Norman). Also ranked high on the list at number 7 was Davidson, the only other east coast town to make the top twenty. Continue reading “Cornelius and Davidson Rank High on Best Beach Towns List”

May Market Report: Demand Increased Relative to Supply

Here are some of the highlights from the May 2019 Charlotte Region Monthly Indicators report, compiled by the Charlotte Regional Realtor Association:

New listings increased in the Charlotte region by 2.8 percent to 6,587 for the month of May, compared to May 2018. Pending sales increased 17.3 percent to 5,627, while inventory was down 10.1 percent to 9,443 units in comparison to last year at this time.

Prices moved higher as Median sales price was up 5.7 percent to $259,900, and months supply of homes for sale was down 11.5 percent to 2.3 months, indicating that demand increased relative to supply. Continue reading “May Market Report: Demand Increased Relative to Supply”

I-77 Express Lanes: What You Need to Know

The I-77 Express Lane project, taking place on 26 miles of I-77 from the Brookshire Freeway (Exit 11) in Mecklenburg County to N.C. 150 (Exit 36) in Iredell County, is nearing completion. Here’s what you need to know:

What are the I-77 Express Lanes?

The express lanes are dedicated travel lanes which run adjacent to the existing general purpose lanes that you already use on I-77. By converting the current High Occupancy Vehicle (HOV) lanes to express lanes, more vehicles can travel more quickly through the north corridor. During each trip, motorists will be able to decide if they want to use the optional tolled express lanes, the free general purpose lanes or a combination of both to allow for a more efficient commute.

In addition, the express lanes will feature variable prices that fluctuate based on supply and demand to ensure a predictable, higher-speed commute and allow traffic to flow at a minimum of 48 mph during peak travel times. 

Continue reading “I-77 Express Lanes: What You Need to Know”

Mooresville: New Listings Up, Sales Prices Down for First Two Months of 2019

[MOORESVILLE, NC] New listings and pending sales saw increases in February 2019 compared to February 2018, while sales price and percent of original list price received dropped in comparison to their figures from the same period last year.

208 new listings were added in February, which combined with the 217 added in January equates to a 20.4% increase in new listings through the first two months on this year, compared to last year. Closed sales, however, are down, with 224 total through February marking a 2.2% decrease from February last year. The month ended with an inventory of 568 homes for sale, an increase of 1.2% over 2018.

Continue reading “Mooresville: New Listings Up, Sales Prices Down for First Two Months of 2019”