Just Listed in Challis Farm, Charlotte

JUST LISTED – Stunning, updated home in Challis Farm, a gated community with an 18-acre lake in great South Charlotte location. 5,184 square feet, 5 bedrooms including a main level master, 4.5 baths, 2 bonus rooms, formal living room/study, dining room, gourmet kitchen, dual staircases, beautiful new hardwoods on the main level, screened porch, 3-car garage, and much more! Visit 8812LakeChallisLane.com for more information.

8799 Lake Challis Lane, Charlotte – Just Listed in Challis Farm

8799 Lake Challis Lane, Charlotte, NC -Beautifully situated along the water’s edge, within the prestigious, gated Challis Farm community, this impeccably maintained home features generous living spaces, dramatic ceilings, extensive built-ins, and an abundance of natural light. The open floor plan boasts 6 bedrooms, 5.5 baths, a gourmet kitchen, formal dining room, study, media room, first floor master suite, screened porch with pool bath, oversized 3-car garage, two balconies, and a heated pool and waterfall spa overlooking Lake Challis. Click the link below for more information.

8799 Lake Challis Lane

Seller’s Favorite Features
Below we share what the “Seller Says” about their home, neighborhood, and town.
What will you miss most about your home?
“We will miss having our morning coffee on the screened porch, bird watching, and summer time by the pool. Our children will miss fishing in the lake and movie nights in the media room.”
What are some of your favorite features in your home?
“We love the open layout and the wall of windows in the great room; the light is fantastic.”
Compliments friends and family have made about your home:
“Visitors always have the same reaction when they first come in the front door – Wow! – They love seeing the pool and lake through the wall of windows in the great room. We have also had a lot of comments on the abundance of countertop space in the kitchen as well as the granite.”
Tell us about your neighborhood:
“We love the security of Challis Farm. Walking in the neighborhood was our favorite form of exercise. Our children loved fishing in the lake.”
Things you love about your town:
“Charlotte is great! It provides the convenience and culture of a big city, but has a small town feel. Everything you want or need is within a 15 minute drive.”
Where do you love to eat?
“We love to eat at WanFu. It is very authentic. We also enjoy the restaurants at SouthPark Mall.”
Nearby grocery stores and other conveniences:
“We have a great location with SouthPark Mall, Carolina Place Mall, I-485, and the airport nearby. We enjoy shopping at Harris Teeter and Trader Joes and we love getting fresh bread at the Great Harvest Bread Company.”
What were you drawn to when you bought the property?
“We immediately fell in love with Challis Farm – a quiet, gated community with a lake in the heart of Charlotte.”

Call us at 704-305-9148 to schedule a private showing.

Chief Economist for the National Association of Realtors Speaks to the Charlotte Regional Realtor Association

IMG_3384Lawrence Yun, Chief Economist for the National Association of Realtors, spoke Wednesday to the Charlotte Regional Realtor Association. In his presentation he said the Charlotte area will continue to have a shortage of homes for sale this year and into the next; a trend that is expected nationwide. There is a 13-year low in housing inventory nationally and a 50-year low for new home inventory.

Charlotte home prices have risen about 10 percent from the bottom. A Wall Street Journal panel predicts a 5 percent home price increase in 2014, Yun said.

Yun predicts that mortgage rates could rise to 5.5 percent by fall of 2014. Cash transactions are one-third of all transactions nationwide.

Yun also predicted four of the next five years to be improving markets.

Overall, his forecast for the Charlotte real estate market is promising.

Charlotte Foreclosures Continue Downward Slide; Lower Than National Average

Charlotte ForeclosuresCharlotte area home foreclosures dipped 1.1 percent in May from a year ago, falling below the national rate, according to CoreLogic. CoreLogic says the foreclosure rate was 2.21 percent among outstanding loans in the Charlotte area, down from 3.31 percent a year earlier. The national foreclosure rate for May was 2.61 percent. CoreLogic’s tracking of Charlotte foreclosure figures show the rate has been on a downward slide for several months. The percentage of Charlotte area mortgage loans 90 days or more delinquent also declined from a year ago. In May, the rate fell to 5.3 percent from 6.8 percent.