Danielle Edwards

RE/MAX Executive

Danielle Edwards with RE/MAX Executive

How Shifting Mortgage Rates Affect Your Finances

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a house with many different colored numbers

Key Considerations When Buying a Home

For prospective homebuyers, understanding the significance of mortgage rates is essential in determining affordability and monthly payments.

Even minor fluctuations in mortgage rates can significantly influence your purchasing capacity.

To effectively navigate these changes and make well-informed buying decisions, it’s advisable to seek guidance from a knowledgeable local real estate agent and mortgage specialist.

2 of the Factors That Impact Mortgage Rates

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?

The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.

Inflation and the Federal Reserve

The Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates, and more. As that happens, mortgage rates tend to respond. Business Insider explains:

“The Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages. High inflation and investor expectations of more Fed rate hikes can push mortgage rates up. If investors believe the Fed may cut rates and inflation is decelerating, mortgage rates will typically trend down.”

Over the last couple of years, the Fed raised the Federal Fund Rate to try to fight inflation and, as that happened, mortgage rates jumped up, too. Fortunately, the expert outlook for inflation and mortgage rates is that both should become more favorable over the course of the year. As Danielle Hale, Chief Economist at Realtor.com, says:

“Mortgage rates will continue to ease in 2024 as inflation improves . . .”

There’s even talk the Fed may actually cut the Fed Funds Rate this year because inflation is cooling, even though it’s not yet back to their ideal target.

The 10-Year Treasury Yield

Additionally, mortgage companies look at the 10-Year Treasury Yield to decide how much interest to charge on home loans. If the yield goes up, mortgage rates usually go up, too. The opposite is also true. According to Investopedia:

“One frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10-year Treasury bond yield.”

Historically, the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate has been fairly consistent, but that’s not the case recently. That means, there’s room for mortgage rates to come down. So, keeping an eye on which way the treasury yield is trending can give experts an idea of where mortgage rates may head next.

Bottom Line

With the Fed meeting later this week, experts in the industry will be keeping a close watch to see what they decide and what impact it’ll have on the economy. To navigate any mortgage rate changes and their impact on your moving plans, it’s best to have a team of professionals on your side.

 

Danielle Edwards, Charlotte Real Estate agent stresses the fact that buyers need to be preapproved and know all their options.  Understanding the process is key.   Danielle was featured on the TV SHOW First-Time Hombuyers and it is a great glimpse into HOW she helps buyers have a great experience.

 

Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

 

Payment Myths First-Time Homebuyers

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Dispelling Down Payment Myths for First-Time Homebuyers

Embarking on the journey to purchase your first home can seem overwhelming, particularly when it comes to saving for the various expenses involved, notably the down payment. You might have heard the common belief that you need to set aside 20% of the home’s purchase price for the down payment. However, this isn’t always the case.

Unless stipulated by your loan type or lender, it’s typically not obligatory to provide a 20% down payment. This means you could be closer to achieving your dream of homeownership than you realize.

As stated by The Mortgage Reports:

“While putting down 20% to avoid mortgage insurance is advisable if feasible, it’s a misconception that this is always mandatory. In reality, most individuals opt for a significantly lower down payment.”

According to data from the National Association of Realtors (NAR), the median down payment hasn’t exceeded 20% since 2005. In fact, for all homebuyers today, it averages only 15%, with first-time buyers typically putting down just 8% (see graph below):

a graph of a number of blue squares

Exploring Available Resources to Aid Your Homebuying Journey

In addition to down payment assistance programs, such as the over 2,000 programs offered across the U.S. according to Down Payment Resource, various loan options can provide support. For instance, FHA loans allow down payments as low as 3.5%, while VA and USDA loans have no down payment requirements for eligible applicants.

To uncover what you qualify for, consult with your loan officer or broker. They are knowledgeable about local grants and loan programs that can assist you.

Don’t let the misconception that a 20% down payment is mandatory hinder your progress toward homeownership. Rely on professionals to help you discover resources that can turn your dreams into reality. Waiting until you’ve saved 20% may actually be more costly in the long term. According to U.S. Bank:

“There are numerous reasons why achieving a 20% down payment might not be feasible. For some, delaying until they’ve saved up 20% may incur too much time. While you’re saving for your down payment and paying rent, the price of your future home may increase.”

Home prices are projected to continue rising over the next 5 years, meaning delaying your purchase could result in a higher purchase price. Leveraging available resources to buy now allows you to benefit from future price appreciation, building equity rather than incurring additional costs.

Check out the journey of a first-time homebuyer as they navigate the real estate market with REMAX agent Danielle Edwards, in the insightful TV show segment.

In Conclusion

Remember, you don’t always require a 20% down payment to purchase a home. If you’re considering making a move this year, let’s connect to initiate discussions about your homeownership goals.

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Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

Today’s Real Estate Market is Ideal for Business

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More Choices, Less Stress

Why today’s real estate market is ideal for business? Ever felt like your current place just doesn’t fit anymore? Whether it’s too big, too small, or just not meeting your needs, you’re not alone. Luckily, with a 15.6% increase in homes for sale compared to last year, you’ve got more options than ever. That means less stress finding your dream home. And hey, if you’re worried about the selection, don’t be! Working with a local real estate agent keeps you in the loop on what’s out there.

a graph with red and blue squares

Less Competition, More Attention in Charlotte, NC

Now, you might be thinking, “Sure, more homes on the market means more competition, right?” Not so fast. Despite the bump in inventory, we’re still down nearly 40% from 2019 levels. According to experts, we’ve got a ways to go before hitting pre-pandemic levels. Translation? Your home, priced right and marketed well, will stand out in the crowd. With eager buyers on the lookout, you might just find yourself closing the deal faster than you think and witnessing firsthand that today’s real estate market is ideal for business.

How This Benefits You When You Sell

  1. More Flexibility for Your MoveConsidering selling because your current place doesn’t quite fit the bill anymore? Whether it’s too spacious, too cozy, or simply not meeting your lifestyle needs, you’re not alone. With a noticeable year-over-year increase, you now have a broader range of options for your next home. This means your search might just become a tad easier.If you’ve been hesitating to sell out of fear of not finding a new home that suits your preferences, worry no more. Teaming up with a local real estate expert ensures you’re in the loop about the available properties in your area.
  2. Minimal Competition for Your SaleWhile there’s a bump in the number of homes up for grabs, it’s still not quite back to pre-pandemic levels. According to insights from Calculated Risk, we’re still lagging nearly 40% behind 2019 figures. Closing this gap won’t happen overnight. As a recent Realtor.com article points out:

    “The number of homes for sale and new listing activity continues to improve compared to last year. However, the inventory of homes for sale still has a long journey back to pre-pandemic levels.”

    What does this mean for you? Well, with the right pricing strategy guided by an agent, your property is likely to attract significant interest from eager buyers and could sell swiftly.

Wrapping It Up

So, if you’ve been on the fence about selling your Charlotte home, now’s the time to hop off. With more options for your next move and less competition for your current digs, it’s a win-win situation. Ready to make a move? Let’s chat and get the ball rolling!

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Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

 

Charlotte Real Estate Market Update 2024

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Charlotte Real Estate Market Update

Is 2024 the time to buy?

Charlotte, North Carolina

Charlotte Real Estate Market Update

 

 

 

 

 

As a real estate agent deeply ingrained in the Charlotte market, I’ve delved into the latest insights provided by the Charlotte Business Journal, which have been meticulously derived from Canopy MLS data. These findings shed light on the shifting dynamics within our local housing landscape, offering valuable perspective for both buyers and sellers alike.

The analysis encompasses a comprehensive range of residential properties, including single-family homes, condominiums, and townhouses. To provide a holistic view, the data not only examines year-over-year changes but also incorporates pre-pandemic figures from 2019, allowing for a more nuanced comparison.

Before delving into the specifics, it’s worth noting that one ZIP code, 28104, has been excluded from the analysis. This decision stems from its limited geographical presence within Mecklenburg County, coupled with the relatively modest number of home sales—less than 100—in 2023.

Which Charlotte zipcode saw the biggest decline?

Among the standout revelations, ZIP code 28203 emerges with the most significant year-over-year decrease. This area, encompassing the upscale neighborhoods of South End and Dilworth, experienced a notable 36.8% decline in sales, dropping from 302 in 2022 to 191 in 2023. Moreover, sales in 28203 plummeted by 42.5% compared to pre-pandemic levels in 2019.

Following closely behind are ZIP codes 28078 and 28202, both witnessing a substantial 36.7% decline in sales. In the vibrant community of Huntersville (28078), home sales decreased from 1,456 in 2022 to 922 in 2023. Meanwhile, uptown’s 28202 saw sales dwindle from 362 to 229 during the same period.

Additional ZIP codes experienced declines of at least 30%, including 28217 in southwest Charlotte and 28204 in the Elizabeth area. Notably, 28217 stands out as the lone ZIP code in Mecklenburg County to buck the trend, witnessing a remarkable 31.9% increase in home sales compared to 2019.

In terms of overall sales volume, ZIP code 28269, situated north of center city toward Highland Creek, claimed the top spot with 1,138 closings in 2023—the only ZIP code in Mecklenburg County to surpass the 1,000 mark. Conversely, 28204 recorded the fewest closings at 120.

These findings underscore the broader narrative of a cooling housing market in 2023, characterized by constrained inventory and escalating affordability challenges attributed to rising interest rates and sustained price appreciation over the years.

Across the Charlotte region, home sales dipped by 17.3% in 2023, falling to 41,546 closings from 50,222 in the preceding year—a notable departure from the 50,854 sales recorded in 2019. In Mecklenburg County specifically, there were 15,326 closings, marking a substantial 20% decline from 2022 and a significant 26.4% decrease from 2019.

For a detailed visual representation of how home sales fared across Mecklenburg County in 2023 compared to both 2022 and 2019, refer to the accompanying infographic below. This comprehensive breakdown, organized by ZIP code and sorted in descending order of percentage decrease, offers valuable insights into the evolving dynamics of our local real estate landscape.

Charlotte Buyers – Real Estate 2024

What does this mean to you? Since rates have slowly started to drop we have seen buyers come out of the woodwork to prepare to try to buy a home again. Experts are saying between now and the beginning of April you can take advantage of incentives, less chance of bidding wars, and negotiate other terms.

Charlotte buyers love screen porches

 “Just-Right” Charlotte Homes beating the stats

  • Move-in Ready
  • Great schools/location
  • Close to greenway
  • Offering closings costs for rate buy-down
  • Screen porch, End-Unit, Pool, Cul De Sac
  • New/Like new HVAC, Roof, Windows, Siding

Charlotte Homes that are not winning

  • Homes that are outdated
  • Topography issues
  • Road Noise
  • Less desirable schools
  • Neglected repairs
  • Cost of updates both cosmetic and mechanical not considered when listed

Charlotte’s real estate market in 2024 is going to be a game changer.  No longer can you just put your home on the market and sit back and watch the money roll in.  Top experts are saying this is the year our value will stand out more than ever.

Got real estate questions?  Let’s talk!

Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

 

 

Information by Jenna Martin and Canopy MLS.

Charlote Real Estate Market Forecast 2023

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Charlotte Real Estate Market Forecast

2023-2022 home sales across the Charlotte region trend back to 2019 levels.

Article by Canopy Realtor Association shared by Danielle Edwards

CHARLOTTE, N.C. — At the end of 2022, existing-home sales across the 16-county Charlotte region declined 15.3 percent year-over-year, as 50,286 homes sold across the region last year. The region had approximately 9,300 more home sales in 2021 than in 2022, which included 12 consecutive months of year-over-year declines. 2022’s sales were on par with sales at the end of 2019, which was a healthier year of sales, due to the overall pace of the market and amount of inventory. There were 3,0

65 closed sales during the month of December 2022 throughout the region, which is down 37.7 percent year-over-year. Sales included in this report, come from Canopy MLS and include single-family and condo-townhome data only, for the 16-county region.

A gauge of buyer interest, pending contracts, fell throughout the year and totaled 47,477 houses under contract, a 20.5 percent decline from contract activity in 2021.. In part because the FED increased interest rates in response to inflationary pressure during 2022, buyers withdrew from the market. Contract activity reached a low point in December with 2,472 homes signing contracts, a decline of 32.4 percent from the previous year. Contract activity is typically a forward-looking indicator and a good predictor of future sales.

 

“Our region has experienced a tremendous amount of growth over the last year, even though year-over-year sales activity didn’t reach the level of activity we saw during the height of the pandemic,” said Tiffany Johannes, the 2023 president of Canopy Realtor® Association/Canopy MLS and Realtor®/Broker-In-Charge with RE/MAX Executive Ballantyne. We observed a return to a relatively healthier timing and pace of activity during most of last year and will continue to do so because 2021 was an outlier and an unhealthy market. If there’s any good news, it’s that the slower pace of sales should let inventory increase and possibly provide purchasers more options later this spring.

Year-end statistics reveal that with 57,973 residences posted during the year, new listing activity—which is a proxy for seller activity—was down 10% from 2021. During the month of December sellers listed 2,418 homes for sale, a 31.3 percent year-over-year decline. As buyers pulled back last year, seller activity also declined.

 

 

Inventory had 6,479 homes posted for sale as of report time on January 5, 2023. A 54 percent increase from the 4,206 homes for sale at the same time last year. Months of supply rose 100% to 1.6 months, indicating that the area is still in a seller’s market. That is far from being balanced at six months of supply. Prices continued to rise year-over-year in December.

The average sales price was $444,600 for the entire year. It was up 14.9% from the previous year, and the median sales price was $379,890. The initial list price to sales price ratio rose to 99.7%. As a result of sellers continuing to be able to sell their houses for virtually their full asking price. Only for the month of December, the median sales price ($373,625) and average sales price ($436,920). Then both grew by 6.8 and 7.3 percent over the prior year. The percentage of original list price to sales price in December dropped further, to 94.7 percent.

The property market’s slowing down is just one of many indicators that point to a recession this year. This is according to many experts, Johannes added. But buyers need to understand that a recession doesn’t necessarily equate to home prices falling. Rates are anticipated to fall further. As inflation continues to reduce, even if the era of rates of 3% is probably over. Housing would be crucial to an economic recovery, according to our current outlook, and any recession would be minor.

Time on market across the region showed homes sold quickly throughout 2022, leaving buyers little time for negotiation.  List to close averaged 77 days last year compared to 73 days in 2021. The metric that accrues for “Active” and “Under-contract-show” statuses, showed homes averaged 22 days on market in 2022. It was compared to 19 days on market in 2021.  However, on December, List to Close increased from 75 days in 2021 to 99 days in 2022. And while days on market in December, increased from 20 days in 2021 to 41 days in 2022.

Charlotte Real Estate Agent Danielle Edwards

“Charlotte, NC and the Carolinas in general rank among the top 5 States where people are moving to. Not only that many experts rank Charlotte, NC as the market to watch in 2023. Charlotte Real Estate Agent, Danielle Edwards with RE/MAX EXECUTIVE has seen buyers that have been on the sidelines starting to resurface. It is really hard to tell what our market is like. This is because like most areas we experience a seasonal slow down this time of year.
2021 was an unhealthy market, and now it is about re-educating sellers on how to price their home properly, and education buyers on ways to still win.

When I meet with new buyers I don’t just meet them at a house. I sit with them in my office and we go over their wants and needs, the different areas, and how to strategize a game plan that will have their house search here in Charlotte, NC be affective.”

 

 

Canopy Realtor® Association owns and operates Canopy MLS, the region’s primary source for accurate and timely property data in a multicounty service area including the Charlotte MSA, Asheville MSA and Catawba Valley region spanning across North Carolina and South Carolina to outside the Carolinas.

Canopy MLS provides the latest technology, tools and analytics that Realtors® utilize to support consumers with their residential real estate.

For more great real estate information on the Charlotte, NC reach out to Danielle Edwards.

If you liked this article be sure to follow us on our social media channels!

Tips on Moving to CHARLOTTE NC

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Tips on Moving to Charlotte, NC

8 Things to Know About Moving to Charlotte

No doubt, Charlotte, NC  is a fun and exciting place to visit. Whether you’re a sports fan, a history buff, or just looking for a fun night out on the town, Uptown Charlotte has something for everyone. But if you’re planning on relocating to the Queen city, here are 8 things to know about moving to Charlotte, NC and tips on moving to Charlotte NC.

#1 Uptown is downtown.

Uptown Charlotte is the central business district of Charlotte, North Carolina, and is a vibrant and exciting place to visit. The area is home to various attractions, including the NASCAR Hall of Fame, the Mint Museum, and the Levine Museum of the New South. It also has a wide range of restaurants, shops, and entertainment venues. Uptown Charlotte is home to a number of entertainment venues, including Bank of America Stadium (home of the Carolina Panthers NFL team), and Spectrum Center (home of the Charlotte Hornets NBA team). In addition, the area is home to a number of several greenspaces including Romare Bearden Park and the Little Sugar Creek Greenway.

#2 Charlotte is home to many diverse neighborhoods.

Charlotte, North Carolina is a diverse city with a variety of neighborhoods that reflect its cultural and economic diversity. Some of the city’s neighborhoods are more affluent and primarily residential, while others are more urban with a mix of residential, commercial, and industrial areas. Communities in Charlotte known for their diversity include Plaza Midwood, which is home to a mix of professionals, artists, and families. Another diverse neighborhood is NoDa (short for North Davidson), which is known for its arts scene and eclectic mix of residents. The Elizabeth neighborhood has a mix of single-family homes and apartments. And, Dilworth is a residential area with a mix of restaurants, and South End is a more urban neighborhood with a mix of residential and industrial areas.

Lake Wylie, SC

Photo: Kelly Sikkema on Unsplash

#3 Charlotte has beautiful lakes.

Lake Norman and Lake Wylie are two popular lakes located in Charlotte, NC. Both lakes are known for their beautiful natural surroundings and offer a variety of recreational activities for residents and visitors. Lake Norman, which is located just north of Charlotte, is the largest man-made lake in the state. It is home to a number of marinas, restaurants, and other amenities. Lake Wylie, which is located just south of Charlotte, is a smaller lake. It is home to a number of parks and recreational areas, as well as several marinas and boat ramps. Both Lake Norman and Lake Wylie are popular destinations for residents and visitors to the Charlotte area. They offer a wide range of recreational activities and amenities. Whether you are looking to relax on the beach, go fishing, or enjoy a day out on the water, these lakes have something for everyone.

#4 Greenways, greenways, and more greenways!

Charlotte has greenways in every pocket of the city and they will all connect by the end of 2023, making for one seamless intracity greenway called the Cross Charlotte Trail (XCLT). These trails are typically located along natural corridors such as rivers, creeks, and abandoned rail lines, and they can be used for activities such as walking, biking, and running. There are several greenways in Charlotte, including the Little Sugar Creek Greenway, which runs through the city’s center and connects several neighborhoods and parks. Other greenways in the city include the McAlpine Creek Greenway, the Stewart Creek Greenway, and the Four Mile Creek Greenway. Greenways in Charlotte are managed by the Charlotte Department of Transportation. They are an essential part of the city’s network of trails and bikeways. They provide residents and visitors with opportunities to enjoy the outdoors and engage in physical activity, and they also serve as essential corridors for wildlife habitat and conservation.

#5 Lots of roads in Charlotte change names.

There are several roads in Charlotte, North Carolina, that change names as they pass through different neighborhoods or jurisdictions. One example is Independence Boulevard, which changes its name to Eastway Drive as it passes through the east side of the city. Other roads in Charlotte that change names include:

  • Fairview Road: Changes to Sardis Road, which turns into Rama Road in the southeastern part of the city
  • Providence Road: Changes to Marvin Road in the southeast part of the city
  • South Boulevard: Changes to Park Road in the South Park neighborhood
  • Beatties Ford Road: Changes to Rozzelles Ferry Road in the northwest part of the city
  • Billy Graham Parkway: Changes to Statesville Road as it passes through the north side of the city
  • Wilkinson Boulevard: Changes to Freedom Drive in the northwest part of the city

It’s important to pay attention to road signs and be aware of these name changes, as they can confuse visitors or newcomers to the city.

Charlotte BBQ

Photo by Kitera Dent on Unsplash

#6 Amazing BBQ… Better than Texas or Midwest.

There I said it! Charlotte, North Carolina has a thriving food scene, and BBQ is one of the city’s specialties.

There are several BBQ restaurants in Charlotte that are known for their delicious, slow-smoked meats and flavorful sauces. Some popular BBQ joints in Charlotte include:

  • Midwood Smokehouse, for its award-winning BBQ and craft beers
  • Mac’s Speed Shop, which serves up classic BBQ dishes such as pulled pork and ribs
  • Smokey Joe’s BBQ, which is known for its traditional southern BBQ
  • Sauceman’s BBQ, which serves up a variety of BBQ meats and sides.

In addition to these conventional BBQ restaurants, Charlotte also has a number of newer, more modern. BBQ spots that offer unique twists on classic BBQ dishes. With such a wide range of BBQ options to choose from. there is something for every BBQ lover to enjoy in Charlotte.

#7 Taxes are higher in Charlotte, NC

Charlotte has relatively high property taxes compared to other cities in the state. According to the Tax Foundation, the average effective property tax rate in Charlotte is 1.29%. This is higher than the state average of 0.77%. In addition to property taxes, Charlotte residents also pay state and local sales taxes. The state sales tax rate in North Carolina is 4.75%, and the local sales tax rate in Charlotte is 2.5%, for a total sales tax rate of 7.25%. The state income tax rate in North Carolina ranges from 5.25% to 7.25%, depending on income level. While the tax burden in Charlotte may be higher than in some other cities, it also has a strong economy and a high quality of life, making it an attractive place to live and work.  2023 is a TAX REVALUATION year.  Learn about that here

#8 Charlotte is rapidly growing because everyone is moving here

Charlotte has experienced significant population growth in recent decades. According to data from the U.S. Census Bureau, the population of Charlotte increased by 23% between 2010 and 2020, from 731,424 to 903,393. The city’s population is expected to continue growing in the coming years. Several factors contribute to Charlotte’s growth, including its strong economy, diverse job market, and high quality of life. Charlotte is home to several major corporations and financial institutions, and it has a thriving startup scene and a growing tech sector. The city is also home to several universities and colleges, which helps act a diverse and educated workforce. In addition to its strong economy, Charlotte is known for its attractive natural setting and outdoor recreation opportunities.  Currently, Zillow has CHARLOTTE ranked as the #1 market to watch for 2023.

Charlotte, NC or North and South Carolina are amongst the top 5 states people are flocking to.  For more tips on moving to Charlotte NC and questions on the different areas, schools, things to do.. All that good stuff – let’s talk!

Contact Danielle Edwards for information on Charlotte, NC, real estate.

Questions to Ask Real Estate Agent - Charlotte, NC

Charlotte Realtor®

Tips on Moving to Charlotte NC

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edwards Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

Questions to Ask Real Estate Agent - Charlotte, NC

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for the value of your home

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

 

 

 

Voted BEST Elementary School in Charlotte 2022!

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Voted BEST Elementary School in Charlotte 2022!

“OP is the Place to Be!”

This has been the mantra for Olde Providence Elementary for many years. And this year, the greater Charlotte community is hearing our roar!  Olde Providence was voted the Best Elementary School in Charlotte in 2022!

Why does this matter to me? I live in this area and I am proud to call it home.  Clara is a proud OP student and we LOVE our school and community. With an incredible team of staff, teachers, parents and volunteers who generously give their time and talents, OP keeps getting better and better. Many groups work together with the school to ensure every need is met, a love of learning is fostered and every student knows they are important.

Why does this matter to you? South Charlotte is home to many top-rated schools and I’m here to help you find the perfect landing place for your family to thrive. Being a local resident of the area, I know the ins and outs of each neighborhood, their local parks, restaurants, shopping, entertainment options and so much more!

Click here to see what is currently on the market in this area.

And buckle-up for this Olde Providence neighborhood tour to celebrate this sweet community!

OLDE PROVIDENCE Driving Tour by CHARLOTTE Realtor®- DANIELLE EDWARDS


Olde Providence is located in South Charlotte, just south of “Southpark” area.  This hidden gem is now booming with options.  The Olde Providence community itself was established in the early 1960s.  Many homeowners are bringing their HGTV dreams to this community and making Joanna Gaines proud!

The Olde Providence Elementary school is top-notch with an excellent PTA.   Many people get on the waitlist to join the Windy Rush Country Club for their summer fun, swim team & tennis lessons.

The homes in OLDE PROVIDENCE community and area itself typically sell fast.  Its location, amenities, and excellent schools make this a great place to call home.

If you would like help getting to know this area or how to best position your home in the market- let’s talk!

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Charlotte real estate

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Charlotte Real Estate – SOLD

South Charlotte

Charlotte real estate agent – Danielle Edwards

7132 Broadford Ct
Charlotte, NC 28277
$560,000 SOLD FOR $605,000
3200 sqft
4 Bedroom
Bonus/bedroom
Oversize offer main level
Renovated Kitchen
Hardwood floors 80% of the home
Excellent greenway access

Excellent South Charlotte location close everything you need! Stunning kitchen remodel just finished! Brand spankin’ new white maple craftsman cabinets, Quartz countertops, and large subway tile. You will love the coffee bar station and dry bar area for entertaining. Home has been freshly painted, new light fixtures, and hardwood floors almost throughout! Plantation shutters, replacement windows, glass-enclosed shower, and an oversized main-level home office or flex space! The oversized bonus room could also be a 5th bedroom! Seller has meticulously followed the homeownership rule book. Painted exterior every 5 years, maintains HVAC 2x a year, gutters etc. The home has bermuda grass which is low maintenance! No aeration, disease, brown spots to worry about! A nature-like backyard that feels like you live in the mountains! AT&T fiber-optic high-speed cable/internet is FASSST. Walk to the greenway, Trader Joes, Starbucks right from your back door! Prime location to 485, Southpark, Uptown & Ballantyne.

This Charlotte home is walkable to the four-mile creek greenway too!  Nature is just outside your back door!

 

More information click here 

The Charlotte Real Estate Market is HOT.   Check out my youtube video for my tips on how to win multiple offers and what to expect as a seller in this Charlotte Real Estate Market.

This home is located in Touchstone Village in an enclave of 54 homes called Wilshire.

The location is considered South Charlotte, and it is close to Ballantyne, Southpark, 485, airport and 20 minutes to Uptown Charlotte.

This home broke a price barrier for Touchstone Village!

 

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

Contact Danielle Edwards for your Charlotte Real Estate needs.

FIVE STAR AGENT

REMAX AWARDS-

Hall of Fame, Platinum Club, Diamond Team Award, Global Marketing Winner 2015

HEFFERON | EDWARDS TEAM

704-761-7484

danielleedwards@remax.net

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer restate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

 

2021 Real Estate Market Review

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2021 Real Estate Market Review – Charlotte, NC

By Charlotte Realtor, Danielle Edwards

RE/MAX EXECUTIVE

What a CRAZY year this has been!  Let’s recap the year with some quick points to keep you current and up to date at your next gathering!

CHARLOTTE QUICK HOME STATS

  • Single Family rent prices are up 10.9%
  • The average Charlotte Home sale price is $406,915 which is up 16.7% over last year
  • Charlotte homes on average received 100.2% of the List price, which is up 1.3% over last year
  • The average days on market is 19
  • Of the 12,948 homes sold last year, 3,615 of them were CASH buyers!

The average homeowner gained around $56,000 in equity in 2021.

What do you do with all that money?

Save it
Improve your home
Buy investment property

TOP 10 Home Improvements for 2021

Listed in order with the percentage of cost recouped, average project cost, and resale value.

Attic insulation                  107.7%                    $1,343 cost                   $1,446 resale
Avg. Entry door replace    90.7%                     $1,413 cost                    $1,282 resale
Stone veneer                       89.4%                      $7,851 cost                    $7,019 resale
Upscale garage replace     85%                         $3,304 cost                   $2,810 resale
Minor kitchen remodel    80.2%                      $20,830 cost                 $16,699 resale (better offers)
Entry door fiberglass        77.8%                       $3,276 cost                    $2,2500 resale
Midrange garage door      76.9%                        $1,749 cost                    $1,345 resale (curb appeal)
Siding replacement           76.4%                       $15, 282 cost                 $11,286 resale(better offers/energy)
Window replace/vinyl      73.9%                       $15.282 cost                   $11,286 resale(better offers/energy)
Deck addition                    71.5%                         $10,707 cost                   $7,652

Charlotte homes with updated curb appeal sell faster and receive stronger offers.  I have seen this hands down over and over this year.

CHARLOTTE Realtor®

As your trusted Charlotte Realtor, I am here to advise on what improvements are most beneficial for your Charlotte home.  Plus, with my trusted network of professionals, I can recommend vendors to do the job!

How are you keeping up with your home value?

This year I invested in the lasted in real estate software for my clients and you!  It is called HOMEBOT.  It works like other algorithms, but the difference is that it connects to your personal equity/payoff and advises you on everything from refinancing to investing.  My data-loving clients are LOVING THIS!  The best part is you can add all your properties into one portal and receive a monthly update on your home.

Granted, this is software and not an exact science.  But, it is a wonderful tool and will get you off those third-party sites that are not as accurate.  You can also click ONE button to request a ‘real value’ report to be done where we can update that value so moving forward it is more accurate.

Click here to access

IN BIG NEWS!!!

Do you watch those real estate tv shows?

I was featured on “First-time Homebuyer” sponsored by the National Association of Realtors. It was surreal to be able to share one of my greatest victories of 2021 with the TV world.  My buyer Danaya and I worked nonstop to find her first home in Charlotte, NC.

The show airs on HULU or YOUTUBE TV.

Season Two / Episode 2
Or you can just watch it here

 

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards

704-604-2999

drivendanielle@gmail.com

Soldondanielle.com

Instagram- @danielle_your_Realtor

 

 

 

Charlotte Home For Sale – WILSHIRE

by

Charlotte home for sale

 

 

 

 

 

 

 

 

 

 

 

Click here for details

7212 FORTROSE LN
Charlotte, NC 28277

$389,900

2267 SQFT

4 Bedroom, 2 Full bath

Greenway access

 

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Contact

Danielle Edwards
RE/MAX Executive
12104 Copper Way Ste. 100
Charlotte, NC 28277
704-276-6882
info@soldondanielle.com

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RE/MAX Executive