New home building increasing steadily in Mint Hill

By Michele Dotson
Cheval will develop the defunct wine community that was to have a Tuscan-designed homes and its own vineyard.

Cheval will develop the defunct wine community that was to have a Tuscan-designed homes and its own vineyard.

New home building has really been on an upswing in Mint Hill this year, with price points set for a moderate budget.

In April 2012, only 62 new home permits were issued in all of Mecklenburg County.

April 2014 shows a very different picture with 229 housing permits issued throughout the month.

So far this year, 837 permits have been issued for new homes.

While some of these new Mint Hill neighborhoods were taken over from previous builders who lost their property to foreclosure during the economic downturn, there are new properties being developed all over the area. Continue reading

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HomeArama Draws Large Crowds – Showcases Mint Hill’s Cheval neighborhood

By Michele Dotson   dotson.michele@minthilltimes.com

Screen Shot 2013-11-21 at 10.52.54 AMThe Home Builders Association of Charlotte has selected Mint Hill’s Cheval as the site for this year’s HomeArama event, currently in its 25th year. The show opened November 9 and will continue through the 24. Ticket holders enjoy a self-paced tour of six luxury homes which are open and superbly adorned with the latest innovations in home design and décor. Anthony and Tina McNeill from Charlotte spent time at Cheval doing some shopping and idea gathering. “We are in the market, but we’re looking for decorating ideas, too,” says Tina. “We’re doing a little of both.” Barbara Fox and Fay Tran from Huntersville were looking for ideas for their homes, but also wanted a chance to see what Mint Hill had to offer. “I love HomeArama,” says Huntersville resident Barbara Fox. “We have the best time and get to see a new area and get lots of ideas.” Sunday totals were a bit lower than expected because of the rain, but official totals for November 18 were at 907. According to Yvonne Case, accounting manager for the Homebuilders Association, the crowds have been very encouraging and they are very pleased with what they’re seeing. “So far we’ve had a total of 4,581 people come through,” says Case. “That’s really great.” HomeArama continues through November 24, but is closed on Monday. Advance Tickets are $12 each. Children 12 years and under are free. To purchase advanced tickets, go to http://charlottehomearama.com/homearama-tickets/ Tickets may be purchased at the gate for $15.

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Chamber hears the State of Real Estate

Meeting highlights trends in area home buying 
and financing
By Michele Dotson
The focus of the September 26 Chamber meeting on real estate and financing was facilitated by Mint Hill Chamber president and real estate professional Rich Ferretti and Monarch Mortgage loan officer, Janet Gaglione.
“There is confidence in the market and lenders are loaning money again,” says Ferretti, who cited recent comparisons in the market which shows a 12.4 percent increase in home sales in July 2013 compared with July of 2012.
“The housing market is growing in pockets around the country,” says Ferretti. “Las Vegas is hot right now, and overall, the cost of housing is down.”
Ferretti also says that North and South Carolina continue to attract a lot of newcomers, with large numbers relocating from Florida.
chamber“We call them the half-backs,” he says. “These are individuals who moved to Florida from places up north, and have now settled in the Charlotte area.”
Thanks to Charlotte’s banking industry, 2nd only to New York City, and new industry such as Met Life and Chiquita, Ferretti says our market is thriving.
Although there is a spike in interest in houses close to or in uptown, Mint Hill continues to see a resurgence in building, particularly on sites that were already prepared before the housing crisis hit.
Most recently, Bontera began construction near Lebanon and Hwy. 51 and the upscale Cheval community will be the focus of this year’s HomeArama in November.
There are also lots of investors in the market looking for good deals, and a recent study of home sales in the Charlotte area indicated that nearly one in five home sales last year could be attributed to an investment purchase. Continue reading
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2013 Charlotte Homearama coming to Mint Hill

Landscaping on Lawyers Road near the Bain School Road intersection began in preparations for Charlotte Homearama 2013 which is coming to the Woodlands at Cheval. The show, featuring the upscale Mint Hill neighborhood, opens Saturday, November 9, 2013 and will feature five new homes priced from $600,000-$850,000.

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