Increase in pending sales!

In the month of September there have been 8 condos go under contract (6 sold by Zach Stamey). This brings the total number of pending sales to 10. There are currently 22 condos listed for sale which is a significantly lower number than the rest of the year when it averaged around 32 condos for sale. Looks like the condo market is improving!

If you are thinking about buying or selling a Davidson Landing condo, give me a call.

www.DavidsonLanding.com

Zach Stamey
ERA Knight Realty

Market update 08/06/2009

My monthly market update will be mailed out in the next fews days. If you are not on my mailing list send me an email and I would be glad to add you.

The market has shown signs of improvement over the past month. I sold 2 ground floor 3 bedroom condos. They were in Newport and Captains Watch. Seems like ground floors are what buyers are looking for at the moment. I get lots of calls for ground floor units.  There are currently 33 condos on the market, 3 pending/under contract, and 10  sold year to date. We are still way under the number of sales from the past two years but are on the way back up. With the recent good news about real estate more buyers are out looking. They better because prices won’t be this good much longer.

There are some really nice condos for sale right now. Check out all of them at the condos for sale section of www.DavidsonLanding.com.

Zach Stamey
ERA Knight Realty
ZachStamey@era.com
704-491-4745

Marketing Your Condo!

I believe the most important two elements in selling your condo are always price & condition.  With that being said, in today’s market you have a lot of competition with the increased number of condos for sale.  You need a good marketing plan to get as much exposure as possible. This is what has allowed me to sell 37 Davidson Landing condos over the past few years.

You always need good local exposure. This is done with postcards, flyers, and signs. I provide very high quality postcards, flyers, and brochures for my listings. I am sure you know what they look like, you get them in the mail all of the time. As far as the signs go, the more you have the better. I currently have over 30 signs around Davidson Landing. So it is an understatement to say that I get most of the buyer sign calls.

From my experience listing and selling condos I have found that the best marketing tool is the internet. Especially when it comes to Lake Norman. People from all over the country search for Lake Norman online. I know this because I track it on my websites.

Buyers wants as much information as possible upfront. They want videos and virtual tours. Today, just placing a few pictures on a website will not get it done. I provide HD video tours and virtual tours on all of my condo listings.  I also provide a property specific website that goes on all of the marketing print material. A good example is www.1213TorrenceCircle.com. Check it out.

You can see the videos at www.DavidsonLanding.com. Click on “Zach’s featured listings.”

If you are going to have your condo on the market you have to have the videos and virtual tours. It just doesn’t make sense not to have it. 

My Davidson Landing website has been a great tool for selling condos. I get inquirys daily from potential buyers looking at the site. If you search for Davidson Landing on any search engine, it will be at the top of the results.

Along with my Davidson Landing website, I use all of the major real estate website. These sites are www.realtor.com, www.homes.com, www.trulia.com, www.era.com, google real estate, and yahoo real estate just to name a few. It would take all day to list every site that I use but these are really the most searched sites.

Another good tool for Davidson Landing is an open house. At least one of my condos will be open almost every weekend as long as the weather is nice. Davidson Landing gets a lot of drive through traffic because of it location near the interstate.

Thanks for checking out my website & blog. As always if you have any questions or comments please post them or give me a call.

If you would liek to sign up for my email list go to www.davidsonlanding.com

Zach Stamey, ERA Wilder Realty
704-491-4745
ZachStamey@era.com

2008 Statistics for Davidson Landing

Here are a few stats from 2008 in Davidson Landing compared to past years.

	Condos Sold	Average Sale Price	Average Days on Market	List/Sale Price Ratio
2008	17	$                  257,765	126	94%
2007	37	$                  270,472	50	97%
2006	44	$                  273,903	47	98%

As you can see the number of units sold have decreased since 2006. Price is becoming a very important factor in the Davidson Landing market, highlighted by the 94% list to sale price ratio.  This is the number that shows us what percentage of list price for which the condo sold.

Price and condition are the two key elements in selling a Davidson Landing condo in the current market. 

So far in 2009 no condos have closed but there are a few under contract. There are currently 26 condos for sale.

Zach Stamey

Market update Dec. 14th 2008

Hey Everyone. The condo market seems to be getting slower towards the end of the year as far as showing activity on current inventory is concerned. However, the internet activity has increased. So to me that is good news! These buyers are still out there looking and will be buying in the near future.  

I have listed a good number of Davidson Landing condos over the past month. They are really nice waterfront condos.  You can see them all by clicking on “Zach’s featured listings” on www.DavidsonLandingLKN.com. There you can see virtual tours along with video tours of each condo that I have listed.

Just Sold: 764 Southwest Dr. in the Tennis Villas was just sold last month. It is a ground floor unit with new carpet and paint. The sale price was $135,000.

On a rental note:   FREE RENT!!  I have a two bedroom, two bathroom ground floor unit in the Tennis Villas that is currently available for rent. It is $900 per month. I am offering the FIRST MONTH FREE if leased by Dec. 31st 2008. Call me for details 704-491-4745.

As always, if you do not  recieve my monthly Davidson Landing market update. Then send me a email and sign up!

Stats
Current active condo: 27
Current pending: 0
Sold in November: 1

Thanks,  Zach

If you have any questions or comments they are welcome.  Just post your comment!

Just Sold – 212 Northwest Dr. – Harborwatch

212 Northwest Dr. sold for $165,000. This a very nice unit with granite countertops and newer carpet. It is the larger floorplan in Harborwatch. Third floor provides vaulted ceilings that provide an open feel in the great room area. Nice view of the North Harbor from the waterfront porch.

If you are considering selling your Davidson Landing condo and would like to speak with me about pricing and a proactive marketing plan, give me call!

Thanks! Zach

212 Northwest Dr. is under contract & market update

I just put 212 Northwest Dr. in Harborwatch under contract. This unit is the larger Harborwatch floor plan and was listed at $169,900. 

The condo market has shown signs of improvement lately. There are currently 21 Davidson Landing condos for sale and 5 are under contract. Year to date there have been 11 sales in Davidson Landing. In 2007 there were 30 total sales.

List price to sale price ratio on Recent sales. Interesting

Hello everyone. The last two condos that have sold in Davidson Landing have had an interesting list price to sale price ratio. I did not have these two condos listed nor did I sell them but thought it was  interesting and wanted to share with you.

1037 Southwest Dr. in Captains Watch was listed for $270,000 and sold for $220,000 which is 81% of list price.

619 Portside Dr. in Portside was listed for $689,900 and sold for $630,000 which is 91% of list price.

The average for Davidson Landing has been approximatley 97%.

My monthly market update will be sent out this week. If you are not on my mailing list and would like to be included. Send me an email with your address. ZachStamey@ERA.com

Price reduction! 212 Northwest Dr.

The price of the condo that I have listed at 212 Northwest Dr. in Harborwatch has been reduced 10k to $169,900. The seller of this condo is going to pay remaining balance of HOA assessment at closing. This is a great value for this condo. It’s the larger floor plan in Harborwatch which is approximately 800 sqft. If you would like to see this condo, give me a call. 704-491-4745. Also, visit www.212NorthwestDr.com.

Just Listed 764 SW Dr. – Tennis Villas

Hey everyone. I just listed a condo in the Tennis Villas. It has 2 bedrooms, 2 bathrooms, with 985 sqft. This condo is a  ground floor end unit. Look for the sign as you drive past Tennis Villas on Southwest Dr. It has just been completely painted and new carpet is being installed. It’s a really good unit and priced to sell quickly. I have listed it for $148,500 and the latest comparables are $150,000+. You can see the virtual tour and photos at www.davidsonlandingLKN.com or visit www.764SouthwestDr.com.