Charlotte Metro Area Real Estate Update
Residential Real Estate Continues to Show Promise

It has been several months since news cycles have touched upon housing in any sort of sensationalistic headline grab that was common during the boom-and-bust atmosphere of a decade ago. During that tumult, heady price increases gave way to a Great Recession and foreclosure crisis. Then we entered into a period of healing and eventual recovery that we are still enjoying. For residential real estate in 2017, fewer headlines have meant mostly good news.
New Listings were up in the Charlotte region 3.1 percent to 4,336. Pending Sales increased 15.4 percent to 4,173. Inventory shrank 18.9 percent to 9,539 units.
Prices moved higher as Median Sales Price was up 6.2 percent to $223,000. Months Supply of Homes for Sale was down 25.0 percent to 2.4 months, indicating that demand increased relative to supply.


Read more in this month's newsletter!

New Video Series: 88 Seconds on Real Estate

Have you seen the documentary End of the Century: The Story of the Ramones? There's a part in it where Joe Strummer of the Clash talks about watching the Ramones play in New York and how they would finish one song and go straight into the next.

"That's one thing I learned from the Ramones: 'Slam! There's that number... where's the next one?' Because people are watching, people have got things to do! It's a busy world out there. Give it to them!"

In that same spirit, I am launching something new with my online videos. I'd struggled to keep my videos under 3 minutes long, so I'm making a radical adjustment and doing the new series in only 88 seconds each!

My aim is to illuminate real estate terminology and practices in each segment. Do you have something that puzzles you about real estate? Let me know!

The first of these new videos, 88 Seconds on the Ranch, is up on my YouTube channel. What? You didn't know I had a YouTube channel? Well now you do. It would mean a lot to me if you'd consider (and a whole lot more to me if you just do it!) subscribing to my channel. I won't take up much of your time, you'll get email notification when a new video is posted, and who knows? You just might pick up something useful... 88 seconds at a time.

Thank you!


Beyond Decadence is a Local Business You Must Know!

Have you heard of Beyond Decadence? The mobile/pop-up bakery (Lake Norman's first?)? Oh, man!

Beyond Decadence is the creation of Chef Maria Kemp. She persevered to follow her dream (it's a great story) and trained professionally at The French Pastry School in Chicago. Now she's here making unbelievably good desserts and pastries!

Being mobile, Beyond Decadence can deliver treats to your workplace or home. Maria also has a spot in the Birkdale Shopping Center through the month of December, in the cleared space right in front of Brixx Pizza. I recommend you get over there to try some of the amazing things she makes!

Regis Murphy
Regis Murphy
Direct: 704. 807. 5722
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Regis Murphy is a super positive, super upbeat person who is willing to put in real work to help sell a home, and who clearly wants all parties to leave happy. It was a pleasure working with him and I would absolutely recommend him to anyone.
- Michael Hill. Charlotte, NC.
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19826 N Cove Rd, Suite F
Cornelius, NC 28031
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