Antiquity connect Cornelius and Davidson, just 25 miles north of Charlotte NC.

I only write about special real estate in Charlotte and Antiquity has a potent formula. I don't think there are two better companies to build this Charleston style of home. Both have completed projects here and in Charleston with flair and great competence. The Cornelius Downtown was built by Meeting Street; Cunnane built nearby Old Davidson and Ardrey in South Charlotte with stunning success. At Antiquity in Corneliius, you have a choice of great home designs and plans, homes ready today, townhomes and an open inviting land plan with 9 parks, a quality developer (more about them later) and two great builders, at very reasonable early pricing. Cunnane's recent success at Ardrey has to be seen to be believed- it has recorded double digit appreciation for 3 straight years. The feel of Antiquity is one from early in the last century when people walked. Charleston style homes, double porches, Federal style two story homes, colonial style, they are all mixed and matched in a unique blend. Meeting Street offers 6 different single family floor plans, each with 6 different elevations minimum, so no two house will look alike. Cunnane, offers even more selection, with four different home series, all designed by in-the-family architects. A Cunnane ranch with 2400 sf, 2 upstairs bedrooms and a large master down starts at 339,000, Meeting Street hasa 3 bedroom, 2.5 bath colonial, 2100 sf at 307,000, nicely equipped. Starting prices are lower for to-be-builts... but make an offer on inventory for your best deal. What will it look like when its all built out? The million dollar question...it will be unique, but I think I can see it, and help you see it too. Review the rest of the built models here, and then see what this neighborhood might look like in three years here, street scenes from Ardrey. These neighborhoods- Antiquity, Ardrey and Old Davidson, are built on deliberately small lots with loads of house... sacrificing large yards for bigger homes and community with the neighbors. How do you think they did?

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Here are my slides from the weekend, the Festival was great. Enjoy. Mark you r calender for next year.

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Tonight I'm looking at Huntersville, NC, a popular northern suburb, about 25 minutes to Uptown, and ranked as one of the top 100 places to live in 2004 and 2005 by Money Magazine. I'm also going to detail the criteria I use in determining value from my excellent tools at hand, the MLS. Since I don't have a personal stake in it, i.e I don't have to live there, my only objective is to help you find a place that makes you happy, understanding your choices and trade-offs, without committing any large real estate errors. Regardless of what I think, the call is ultimately always the Buyers. I looked at two entry level prices, those for under 250K and those under 400K. I also am only looking at new or newer homes, built since 2000. In the under 250K there were thirteen entries after I added the 2500 square foot minimum criteria. They're Asking Prices fell in a narrow range, from 88.95/sf to 96.61/sf. Then I began looking at features, but not the features you might think-- I began looking at what I call "Value Anchors"-- these are features that are always desirable by a large proportion of buyers, almost always are unchangeable, and they give the property its intrinsic value. They are what causes differentiated appreciation (one neighborhood appreciating faster than a neighboring one) . Prime in-town locations are obvious value anchors, as is waterfront property or golf course property. Less obvious are other traits, such as sizable yards, cul-de-sac locations, community features such as pool and playground, and other neighborhood amenities. Note, I didn't mention house features- those are more subjective and, for me, come after the house has met the aforementioned criteria. Also, it is something I rarely choose for anyone but my family-- and even then it is not wise to do alone! :) So from my 3 semi-finalists the prices ranged from 241,900 to 248,00. Since only 2 had terrific community features- pool, playgrounds and more- I eliminated the least expensive, leaving two excellent candidates, at 248 and 244.9, both with great value anchors in the community features. They were .25 and .23 acres respectively, the .23 (244.9) was fenced, the .25 was newer, 2006, vs 2001 for the 244.9. However the 244.9 was priced at 96/sf and the larger, 248 was priced at $90/sf, and larger by 200 sf at 2735 sf. I think many of you are probably seeing the benefit of a chart here? I'd recommend it. There is clearly a case for either of these, but I know something you don't know. The 244.9 is in Cedarfield, is priced 96/sf and is right in the middle of the price per square foot range for this community. Also it has a fenced yard, always good on the re-sale side plus a terrificly landscaped yard, versus the new builder special, 9 bushes and (1) 5' tree, whose sf price is near the top of its community. And the other sales in the 248AK neighborhood? There is only one larger than 248, so it is a top of the market Asking Price- something I can not recommend. Last but not least I know something you can't know at a distance, but is suggested by the above data- most people, myself included, would prefer Cedarfield to Tanners Creek-- so, we go with the slightly smaller home, at 2535 sf, with an asking price of $244,900. A study of the comparable sales shows this home to be priced aggressively, not a "hope for price" and so I'd recommend a first offer around 224, expecting to have to pay 236-239 to get it. There is a 10% chance it will go for full price as comparable sales suggest an at or near full price sale. I went througha similar process in the under 400K category having to adjust the criteria to 2800 sf minimum to get a manageable number of listings. From my Home Comparison Report, I found they ranged from $88 to129/per sf of Asking Prices, the median being $109/ sf. I had 4 semi-finalists across the price points (price per sf) but quickly cut it to two when I noticed one didn't have a community pool and one was the former model home and was priced higher than any sale in the neighborhood. SoI've labelled them A and B, so you might see it easier. A) is in Birkdale, built in 2001, AskingPrice is $385,500 and it has 3117 SF, so it is Asking at 123.5/sf. Birkdale is a golf course community with great amenities just off I-77 Exit 25 in Huntersville. The house is a 4br/3.5ba home on .344 acres, on a cul de sac, with a covered front porch. B) is in MacAulay, built in 2006, Asking Price is $380,000 on 3774 SF or 101 per sf. It too has great amenities, but no golf course and is located just of Exit 25. It hjs 5 br/3.5 ba and sits on .182 acres, and has barely been lived in. Both seem to have all the upgrades- granite/tile backsplashes and hardwood floors. Birkdale sells in a tighter range than MacAulay. MacAulay is the clear space winner, and has the extra bedroom. So this is a draw, impossible to say with the information at hand, which is the clear winner. if you don't need 3700 sf, I'd suggest the Birkdale option... it's higher sf pricing suggest a "better" community- and I thinkmot people would prefer the house spacing, street placement and appeal of Birkdale over MacAulay, not to mention it is a golf course community. On the other hand, if needed a 5th bedroom and the 3700 sf, MacAulay is a bargain at 100 per sf, a fraction above Cedarfield above. There you have it-- the basic criteria I use to evaluate properties before visiting them, to determine relative value, desirability and which could geon the the list for Sunday night Steals and Deals. I'll be travelling this week, I'll try and post from Pensacola, Florida.

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The first and third Fridays each month-- visit music and art during extended gallery hours, 3200 block of North Davidson, for details visit noda.org

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Charlotte Shout, a month long Welcome to Charlotte event, began Wednesday but the real fun starts this weekend with a host of free events- free museums, and the 30th annual Yiasou Greek Festival on East Blvd through Sunday night. Here is the rundown of free museums for Saturday, 9/8: Discovery Place (from 9am -11am) Levine Museum of the New South Charlotte Museum of History Community School of the Arts McColl Center for Visual Art Charlotte Raptor Center (10-12am) Historic Latta Plantation Also in Charlotte Shout is the Charlotte Film Festival - kids day Sunday 9/9 -1pm at the Light Factory. Later in the month there's a Jazz Festival, Art in the Park (very large exhibition of local artists at Freedom Park for a week) and an International day at UNCC. Those are just the highlights, check out full details at the Charlotte Cultural Guide. A great family day? Start at Discovery Place for 1-2 hours and enjoy the acclaimed hands- on science museum, walk a block or two at most to the Levine Museum of the New South to help understand exactly what is the New South and Charlotte's place in it, and afterwards head over to ImagineOn-another 1-2 blocks and the fantastic technology oriented nationally recognized children's library across from Bobcat stadium. You can budget an hour, but most kids can stay longer. Then, time for some food? Why not head to the Greek Festival on East Blvd--Greek dancers await, great food and of course home made Baklava... if that's too much make Imagine-On another day, it is free all the time and there is easy free parking beneath the building. Our whole family have been to the Greek Festival many times- it is a great party with lots of things going on to keep almost everyone's interest, from kiddy rides to teen dancers, crafts and other fun things to do, each year they try and "out-do the previous year" - we'll be there Saturday night I am sure. Discount tickets are usually available at Harris Teeter. If you are near Imagine-On you might see them testing the Lynx, the light rail. Next year- maybe later in the month- you will be able to take a train over to Dilworth and walk to the Greek Festival. See you in Charlotte! terry

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