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Keith Lutz

Chinese Drywall - Signs it could be in your home

11-09-09
Keith Lutz

Lets start by saying at this time there are no definitive scientific tests to determine if some home has Chinese drywall.

BUT          Rotten egg

What the field inspectors are noticing is a rotten egg smell (sulfuric acid).  Also the other thing people are noticing is all the corrosion (a blackening) of metal items like bathroom fixtures, electric socket copper wires, and copper pipes.  Also frequent failures of heating and cooling systems too. 

Detection Tricks!

One industry event reported this trick for detection, if you have central air.  Hang a silver piece of jewlery in front of a vent, and wait a few days to see if any corrosion has taken place.  Also placing copper pennies on the drywall in the attic, and see if it turns black.  When you are up there with your penny, peel back any insulation and look for chinese markings.  Not all have it, but some do.

Health concerns!

The biggest threat and problem with this is poeple are reporting signs of headaches, itchiness and difficulty breathing! Obvioulsy if you suspect you have a chinese drywall problem, and have these signs (or others), please see a doctor, but also report it to the Consumer Product Safety commission.

drywall

 

Where it all started?

In July 2006, a cargo ship called the Star Djervanger docked at Wilmington, N.C., after a trip from China. Its cargo: about 9,000 tons of drywall, enough to build about 2,000 homes.

Where is it?

In a word, Florida!  That is not to say it has not been detected in other states. In South Carolina, USG imported nearly 9,400 tons of Chinese drywall in April 2006, according to the PIERS data. It’s unclear where that drywall was used.  As for North Carolina, there have been no reported incidents as of yet.  Home builder Lennar has identified 400 homes in Florida, and has set aside 38 million to reslovle the issue.

 

North Carolina - No reported issues yet  ;-)

 

 

 

 

 

 

 

Charlotte's Wealthiest Zip code

10-28-09
Keith Lutz

 

Can you guess it.  I bet you could.  Of course it will be close to center city, but not in the four wards.  It is by a major hospital, has the word park in its name. It is zip code 28207. Okay you guessed it...

Myers Park

This is based on data from www.esri.com and their properitery method based on calculating affluence.  Some stats about the area are:

  1. 2009 average home value - $702,154
  2. 2009 average disposable income - $117,694
  3. 2009 average net worth - $1,415,583
  4. 2009 per capita income - $79,527
  5. 2009 median income - $114,185
  6. 2009 average income - $167,700
  7. Number of households - 3,678
  8. Number of total population - 7,846

Here are some of the homes in Charlotte's Luxury homes!  Enjoy!

Myers Park Church

 

 

Keith is a Realtor with Wilkinson & Associates in the South Charlotte area. He is a member of the National, North Carolina, and Charlotte Association of Realtors. He has formed a team with over 45 years of Charlotte knowledge, that covers the North and South and surrounding areas of Charlotte! I used to belong to the Long Island board of realtors, making happy homes for people there. Now, I have finally convinced my wife to move down to Charlotte from Long Island, NY. So if you're ready to move into a fine area or you're ready to move on out, then give me a call at 704-607-4729. I want what's best for...

...our Neighbors, our Friends, our Families!

Keith Lutz

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Charlotte home sales down 12%

10-20-09
Keith Lutz

Sorry to say, but I think we all expected the month of September to be lower than the previous month.  Kids going to school and all.  But 12% is a pretty big number for Charlotte.  Also YOY we droped 13%.

On the average sales price of a home also dipped 6%.  The price dropped from $209,245 in August to $196,760.  The closings went from 2,221 to 1,945.

The good news is after a hard winter, I predict we will bounce back in the Spring of 2010.  What say you?

Keith is a Realtor with Wilkinson & Associates in the South Charlotte area. He is a member of the National, North Carolina, and Charlotte Association of Realtors. He has formed a team with over 45 years of Charlotte knowledge, that covers the North and South and surrounding areas of Charlotte! I used to belong to the Long Island board of realtors, making happy homes for people there. Now, I have finally convinced my wife to move down to Charlotte from Long Island, NY. So if you're ready to move into a fine area or you're ready to move on out, then give me a call at 704-607-4729. I want what's best for...

...our Neighbors, our Friends, our Families!

Price Drops for South Charlotte & Union County (for week of Jan. 20th)

01-21-09
Keith Lutz

Charlotte Real Estate Price drops

Top 10 Reduced Homes in South Charlotte & Union County

(Area 5, Area 10) Last Updated: Thursday, January 20, 2009

$1,999,999

742609 | 5400 Stonesthrow Ct., Charlotte, NC  28226

Pellyn Wood

$699,000

814422  | 1540 Providence Rd, Charlotte, NC  28207

Myers Park

$1,450,000

815260 | 2130 Ferncliff Rd., Charlotte, NC  28211

Old Foxcroft

$1,149,000

828883 | 2200 Roswell Ave., Charlotte, NC  28207

Myers Park

$399,000

797072 | 1604 Princeton Ave., Charlotte, NC  28209

Myers Park

Reduced by: $399,901 (16.6%)

Reduced by: $100,900 (12.6%)

Reduced by: $200,000 (12.5%)

Reduced by: $150,000 (11.5%)

Reduced by: $51,000 (11.3%)


$400,000

789659 | 1151 Trull Hinson Rd., Wingate, NC  28174

None

$62,900

817347 | 801 Summit St., Monroe, NC  28112

None

$53,500

817251 | 806 Bragg St., Monroe, NC  28112

None

$359,900

804404 | 2701 White Pines Ct., Mineral Springs, NC  28112

Stonebridge

$849,900

821826 | 618 Beauhaven LN , Waxhaw, NC  28173

Chatelaine

Reduced by: $550,000 (55.8%)

Reduced by: $31,600 (33.4%)

Reduced by: $26,400 (33.0%)

Reduced by: $119,100 (31.4%)

Reduced by: $300,100 (26%)


Come back weekly to view the biggest price drops of the week!

Keith is a Realtor with Wilkinson & Associates in the South Charlotte area. He is a member of the National, North Carolina, and Charlotte Association of Realtors. I used to belong to the Long Island board of realtors, making happy homes for people there. Now, I have finally convinced my wife to move down to Charlotte from Long Island, NY. So if you're ready to move into a fine area or you're ready to move on out, then give me a call at 704-607-4729. I want what's best for...

...our Neighbors, our Friends, our Families!

Price Drops for South Charlotte & Union County (for week of Jan. 8th)

01-11-09
Keith Lutz

Charlotte Real Estate Price drops

Top 10 Reduced Homes in South Charlotte & Union County

(Area 5, Area 10) Last Updated: Thursday, January 8, 2009

$799,900

808569 | 3928 Selwyn Ave., Charlotte, NC  28209

None

$599,000

799313  | 2174 Colony Rd, Charlotte, NC  28209

Myers Park

$675,000

802866 | 6366 Sharon Hills Rd, Charlotte, NC  28210

Sharon Hills

$1,950,000

810328 | 8804 Covey Rise Ct, Charlotte, NC  28226

Challis Farm

$399,000

812359 | 1540 Ideal Way, Charlotte, NC  28203

Dilworth

Reduced by: $100,000 (11.11%)

Reduced by: $70,000 (10.4%)

Reduced by: $74,000 (9.8%)

Reduced by: $200,000 (9.3%)

Reduced by: $60,000 (13%)


$84,500

817367 | 715 Summit St, Monroe, NC  28112

None

$998,000

785485 | 9222 Woodhall Lake Dr, Waxhaw, NC  28173

Woodhall

$154,800

824307 | 2315 Silver Run Dr, Monroe, NC  28110

Cascades

$950,000

801699 | 481 Cj Thomas Rd, Monroe, NC  28110

None

$399,900

785425 | 6308 Wolf Creek Cir, Mineral Springs, NC  28173

Harrington Hall

Reduced by: $58,400 (40.8%)

Reduced by: $552,000 (35.6%)

Reduced by: $72,700 (31.9%)

Reduced by: $250,000 (20.8%)

Reduced by: $100,000 (20%)


Come back weekly to view the biggest price drops of the week!

Keith is a Realtor with Wilkinson & Associates in the South Charlotte area. He is a member of the National, North Carolina, and Charlotte Association of Realtors. I used to belong to the Long Island board of realtors, making happy homes for people there. Now, I have finally convinced my wife to move down to Charlotte from Long Island, NY. So if you're ready to move into a fine area or you're ready to move on out, then give me a call at 704-607-4729. I want what's best for...

...our Neighbors, our Friends, our Families!