|
Charlotte Makes Headlines
|
 From The Charlotte Observer Saturday, Feb. 24, 2007:
The word for 2006: SOLD
Contrary to nationwide figures, local housing market stayed strong
"Home sales in the Charlotte region rose 13 percent last year, contrasting sharply with the national slowdown. In Mecklenburg County, sales of homes, condos and townhouses were up by 11 percent.
Nationally, existing home sales took the worst tumble in 17 years, dipping by more than 8 percent.
Prices rose here, too. The average residential closing price through Carolina Multiple Listing Services, which serves Mecklenburg and surrounding counties, was $221,130. That's up about 4 percent. In Mecklenburg, the average sales price rose about 5 percent to $227,502."
Click here to view this article
From The Charlotte Business Journal January 25, 2007:
NASCAR Hall of Fame ready to roll
"Political and business leaders joined NASCAR stars past and present to break ground Thursday on the $154.5 million NASCAR Hall of Fame."
Click here to view this article
 From Forbes.com January 25, 2007:
America's Best & Worst Housing Markets
"Cities showing gains exhibited high job growth and positive net migration figures. They were also areas in which home affordability remained close to national averages through the boom, making them less prone to the corrections and adjustments seen in overheated markets."
Charlotte-Gastonia-Concord, N.C., S.C.
Median Home Price: $198,300
Median Home Price Change 2005-2006: 4.5%
Click here to view this article
From The Charlotte Observer December 22, 2006:
N.C. population surges into nation's top 10
"Continuing waves of newcomers from the Northeast and other regions boosted both Carolinas in the ranks of the nation's most populous states in new U.S. Census Bureau data being released today. North Carolina passed New Jersey to become the nation's 10th most populated state."
From The Charlotte Business Journal January 16, 2007:
Job growth to fuel local apartment market
"According to Marcus & Millichap Real Estate Investment Brokerage Co.'s 2007 National Apartment Report, employment in the Queen City is expected to increase 1.6 percent with the addition of 13,000 jobs.
Limited construction and a growing population will bolster the demand and lower vacancy rates for rental apartments in 2007. That will enable local apartment owners to raise rents an average 3 percent to $377 per month."
Click here to view this article |
CALLOWAY'S FEATURED INCOME PROPERTIES |
Saint Johns Ridge Opens to
High Demand
Calloway Investments, Inc is pleased to announce the opening of St. Johns Ridge. This beautiful neighborhood is ideally located in the University City area of Charlotte. University City is the region that surrounds the University of North Carolina at Charlotte which has been the fastest growing university in the state system. Due to its convenient access to highways 49 and 29 and Interstate 77 and 85 this area has seen tremendous growth in the recent years including new housing, shopping centers and office buildings. For these reasons and many more, University City has become one of Charlotte's hottest rental markets.
As our customers know, our brand new homes are always upgraded with our exclusive rent-ready package, and come complete with the builder's 2-10 year warranty. With all the up indicators in the area, this neighborhood is in high demand and will sell out quickly. Do not miss your opportunity to get into this amazing market.
Click here for complete information about the hyper-growth potential of this area and to see available inventory in St. Johns Ridge.
| Rental Hot Spot
"University City has become a hot spot for investors interested in buying rental properties in Charlotte, according to area real estate brokers.
Investors cite the area's strong economy for growth in the rental industry, brokers say. The area is second only to uptown Charlotte in its ability to rent apartments, according to industry analysts."
-The Charlotte Observer
September 7, 2006 |
|
|
|
|
Calloway Investments, Inc Announces a New Relationship with Craft Homes USA
Calloway Investments, Inc is pleased to announce that we have established a new builder partner relationship with Craft Homes USA. St. Johns Ridge, located in the University area of Charlotte will be Calloway Investments, Inc and Craft Homes' first joint venture.
Craft Homes, started in 1999 headed by David Cuthbertson, has been dedicated to building high quality, affordable homes throughout North and South Carolina including Charlotte and the surrounding areas. The company has quickly developed a reputation for their high levels of service to their customers and commitment to value. This reputation is what caught the attention of Calloway Investments, Inc.
"We are thrilled to be teaming up with Craft Homes on this project," says Calloway Investments' President Nick Sabardin. "Craft provides a high quality product at a great value. With all the up indicators in the University area, including the announcement that new IKEA will be located nearby, we anticipate explosive growth in the region. We see this relationship not only benefiting both companies, but all of our clients well into the future." |
David Cuthbertson & Nick Sabardin
|
CALLOWAY WAS THERE FIRST! |
Charlotte Growth Attracts Business and Retail
As we predicted, the growth in Charlotte is now attracting both business and retail to the area. Recently two well know companies have announced that they will be locating in the Charlotte region.
Google, Inc., the search engine powerhouse, announced at the end of January that it will open a data center in Lenoir, just outside the Charlotte MSA. Google will invest up to $600 million and create 210 jobs over 4 years. Wages are expected to average $48,300 per year excluding benefits. This well exceeds the current average in the area.
The same week Google made their announcement IKEA announced that it will open a store in the University area of Charlotte. The international home furnishings retailer will build a 345,000 square-foot store on 25 acres off interstate 85 that is set to open in spring 2009. The store will create about 400 new jobs for the area.
Google to locate in Lenoir
IKEA to open University-area store
|
YOUR POTENTIAL TURN-KEY SOLUTION |
Red Tulip & Sales, Inc.
|
|
Although Calloway Investments does not provide property management, our referral relationship with the best property managers in the area is an important part of our potential "turn-key" solution. To better serve our customers we have added Red Tulip Realty, Charlotte's premier full-service property management company, to our list of the best in the business in the Charlotte area. Red Tulip Realty has had overwhelming success renting Calloway Investments, Inc's properties due to their dedicated team of professionals, high quality service and our highly in demand units in the most desirable areas.
We are also pleased to announce the addition of on-site professional lease-up in the neighborhoods of Constitution Park and The Villages of Bent Creek provided by Calloway Investments, Inc through Sales, Inc. Now, professionals in the area of marketing and leasing properties are on-site at both neighborhoods in order to get the highest quality tenants in our clients' units just as quickly as possible. We are committed to the interests of our clients and will have this service in place until the neighborhoods are completed.
|
|
|
|
| |
| *You are under no obligation to use any particular mortgage lender, property manager, or insurance company. Recommendations are made as a courtesy only, based on the reputation of, and our experience with, the referred companies. Calloway Investments Inc. and their advisors cannot be and are not responsible for the conduct of other firms.
**Nothing herein implies that other than the owner is responsible for choosing and directing each element of management. Calloway Investments Inc. is a developer and vendor of real estate, and nothing herein should be construed as legal, tax, financial or other professional advice. |
|
|
