The term luxury home is relative. It depends on where you live and what your expectations are.I have traveled over most of the US and I have insights into what you get for your money in different parts of the country. I also know there is much misinformation about real estate, real estate prices and values.It is not uncommon in California, particularly in the larger cities, to pay 500,000 to 700,000 for a small and rather plain house which often needs renovation. I also know
that many in CA are looking at real estate and opportunities elsewhere and North Carolina is a hot destination. North Carolina was just ranked number 1 in the US for incoming moves in the United Van Lines 2007 Migration Study.
There is also a strong NC and FL connection. Many people have chosen to spend winters in Florida and summers in NC. Florida has received some bad press lately and so I did some further research. I have information from a broker in Sarasota FL that revealed that condo sales were up in volume and price from 2006 to 2007. Sarasota also has a wide selection of real estate from the affordable, to incredible
luxury homes with spectacular views and water access. One thing led to another and we decided to present some NC and FL options for those wanting to live in either state or both. A fabulous and affordable condo can be viewed here:
http://sarasotacommunities.wordpress.com
I did a search for homes in 3 areas of NC in the price range of
180,000 to 225,000 dollars. Here is what I found:
Greensboro (northern). 69 homes, mostly brick and some in the nicest neighborhoods in Greensboro.
Kings Mountain (southwest near Charlotte). 20 homes, 3 – 4 bedrooms, 2-3 bath, mostly brick.
Wilmington (southeast). Almost 400 homes of every type.
What does this mean? You can move to NC from many places and find great real estate values and a great quality of life. For those of you moving from California or the north, you can even own a great home in NC and one in Florida for the same price as a so so house where you are now.
For more information about North Carolina real estate, contact:
[...] Original post by northcarolinabroker [...]
Interesting find. Realtor.com posted a recent statistic for the 10 Best Places for House Bargains. North Carolina was in the top 10. I’ve always known about the great lifestyle and desirable climate, I even own land there and someday will choose to have a summer home in the mountains. The study showed that there is healthy job growth and many houses available to choose from. Forbes Magazine found the market in North Carolina to have less damage from risky lending practices and employment growth will burn off the over abundance of inventory rather quickly. Raliegh, NC was second in the study. Due to the economy expanding quickly. Also Greensboro-High Point, N.C. is considered a “house bargain” for those looking for an affordable condo market.