Justice Real Estate Partners

12/02/2021

Excited to read the news that the conventional loan limit has increased! In 2022, the conventional loan limit on one-unit properties will be $647,200. This is really nice to see as home prices continue to rise. If you have questions about loan limits, rates, loan products...please let me point you to a trusted loan officer who can answer your questions. This is great news for buyers in this competitive market!

11/05/2021

https://justicerealestatepartners.com/2021/11/what-a-run-during-my-lunchtime-says-about-our-real-estate-market/

A quick run through the neighborhood showed me how homeowners feel about the current market. It's not what you think either - this isn't about lots of "for sale" signs!

10/30/2021

10/29/2021

10/27/2021

Coming Soon in Weddington! Showings begin at 9am on Friday, 10/29. Open House Saturday, 10/30, from 1-3pm. Check out the video tour. Is this "the one"??? Let us know if it might be!
MLS 3796171
Justice Real Estate Partners
Listed by Sara Justice, NC/SC Realtor®

https://postcard.wowvideotours.com/3007-twin-lakes-dr-matthews-nc-28104

3007 Twin Lakes Dr, Matthews, Nc 28104 - Specializing in real estate video tours. Movie Tours allows you to show multiple homes at multiple times to multiple clients. Serving Ohio and surrounding states.

10/07/2021

Studying the market because that's what I do in the morning. Why? Because it's my job to be knowledgable about our area. I look at new listings and coming soon's every morning. I pull up some areas I work in and other areas I want to work in. I study particular neighborhoods, looking for inventory, seeing how quickly homes are going under contract, and if they are going over list price. (I'm still seeing extremely low inventory, homes still going very quickly, and going at or over list price, just in case you were curious).

This morning I'm looking at my own neighborhood and running some numbers because I love my neighborhood and I love numbers. They tell so much about what's going on in the market! One thing I've focused on this morning is looking at homes that were purchased fairly recently and already sold. So say someone bought in 2016 and sold less than 5 years later. I wanted to see what kind of appreciation in price they have realized in that short of a time frame. It's pretty staggering! I see some appreciation rates over 50% in that time frame. Wow!!

I run numbers for myself daily to stay in the know. If I can run any numbers for you, please let me know what interests you and I'll make it happen! I have a calculator...access to market data...an accountant's brain...and a realtor's motivation. This is what I do!

05/09/2021

Happy Mother’s Day from Justice Real Estate Partners! We hope you are being spoiled and celebrated and enjoying your day.

05/07/2021

This is a quick and easy read which explains why we aren't in a bubble. I get asked this all the time!

Buyers may be showing concern that the market is overheating. But economists say this isn’t 2006, despite the skyrocketing prices.

05/05/2021

Just how low can we go?

I'd love to highlight Months Supply Inventory in Union County. This is a very telling metric. It is calculated as the current month's inventory of homes divided by the average homes sold per month.

What does that mean? It tells us the time it would take for all the current inventory to sell if it all sold at the current rate and if no new inventory came on the market. Basically, how low is our inventory and how quickly could we run out of homes to sell!

Our MLS association provides monthly market data, the most recent published in March 2021. In March 2021, our Months Supply Inventory in Union County was 0.5! Said another way, with the rate at which houses are selling (lightning fast!), it would only take half of a month for us to be completely out of houses to sell if there were no new listings. A year ago, this figure was 2.0, or two months of inventory. You can see that our inventory has been decreasing drastically.

A market is considered balanced when there is a 6 month supply of inventory. Again, we were at 0.5 in March, which is LARGELY in favor of sellers. I'll keep you posted when the updated April figures come out which should be soon. Check out the graphic created by our Canopy MLS with lots of great data about real estate in Union County. Reach out if you'd like to discuss! I can break down all these statistics to tell you what it means for you, your home, your situation. Let's talk!

04/19/2021

Inspired by Charlotte Magazine's annual Best of the Best (BOB) awards which just came out, we did our own! Check out what JREP has to say about our favorite local spots. We'd love to hear your thoughts on our very unofficial "winners" and what you think we missed!

Our very own version of BOB Awards, highlighting some of our favorite local businesses. From brunch to burgers to date night!

03/25/2021

Here are some numbers that might make you say WOW! Stick with me.

We all know home prices are skyrocketing lately – but how much? We also know that if you own a home for a while, let’s say a decade or more, the hope/expectation is a pretty significant increase in home value. But what about people who bought in the last 5 years and have already sold? I wanted to know how that looks very locally - here in my own neighborhood (Lawson in Waxhaw).

I grabbed 5 recent sales from the newer section of Lawson. I chose to focus here because the homes are new-ish, most built between 2016 and 2020. Therefore, I knew that any recent sales would show me the amount of appreciation they were able to realize in a relatively short amount of time. I tried not to choose anything that had obvious, high-dollar improvements (like a pool or a significant kitchen remodel) because that would skew my appreciation numbers.

Check out the graphic to see some pretty staggering appreciation in 5 years or less. Just…wow.