Fine River Run home on the 14th green. Walk to the swim and racquet center, greenway and restaurant Slice. Open floor plan from 2 story great room to open kitchen with Viking cooktop and cherry cabinets. Great golf course views from the large deck and screened porch. Third floor entertainment area with wet bar, billiard area and views of the 14th green.
Davidson, NC As we enter 2021 with our hopes for the vaccine to bring us back to normalcy we look back on a remarkable year in real estate. The combination of record low interest rates, a migration from cold climate, high tax states, and a growing national reputation as a great place to live, Davidson has become a hot real estate market. Today there are 35 single family homes for sale in Davidson. In 2019 we normally had 120 or more single family homes for sale at a given time.
The popular River Run neighborhood, with 900 homes, has only 5 homes for sale currently. The starting price in River Run is $899,000 right now.
The lack of inventory in town has created a feeding frenzy when an updated, well- priced property comes to market. In 2020 we had multiple offer situations in all price points. I had clients put homes under contract sight unseen so they wouldn’t miss out. Showings via Zoom and FaceTime were common. Buyers in this market do everything they can to make their offer stand out.
At a minimum buyers today are pre-qualified and often offer asking price or above for the right home. Larger due diligence fees and terms that meet a sellers wishes are common in today’s contracts. We have also seen a large influx of cash buyers in Davidson.
As the Title Sponsor of the Davidson Farmers Market I am at the market on Saturdays and meet folks from all over the country checking out the Lake Norman area. Commonly I’ll meet families from New York, New Jersey, California, Florida and Chicago checking us out. Often they remark on our low property taxes.
The real estate market is considered balanced when there is a 6 month supply of homes. Davidson currently has a 1.1 months supply of homes. Anything below 6 months is considered a sellers market. We are in an extreme sellers market right now. Sellers have the upper hand and buyers have no leverage.
Lack of inventory, record low mortgage rates and a migration to the suburbs is causing prices to rise. We had 31 single family homes close in 2020 at over $1 million in Davidson.
The pandemic has caused housing priorities to shift. People want more space to spread out, a home office, pool or other outdoor living, and community.
Davidson is also considered a great place to retire. The College and community create an active environment for retirees. We meet people relocating to be near kids and grandkids who have moved to the booming Charlotte region for work. The demand from these buyers for master bedrooms on the main floor and a walkable to town location makes certain homes with these features additionally in demand.
Last March, when the pandemic hit, I had no idea what would happen in the local real estate market. Once the heavy stay-at-home orders were relaxed in May and real estate was deemed an essential service the market exploded.
You can see in the chart above that showings collapsed in North Carolina in March and April and rebounded in May.
Living in Davidson provides a wonderful lifestyle. Area schools are considered very good. There is ample recreation with the parks, greenways and lake. Davidson College provides sports and lectures for the community. Historic Downtown Davidson has great dining and shopping options.
As we emerge from the weight of the pandemic and life gets back to normal I anticipate continued strength in our local housing market. The only headwind in 2021 may come from mortgage rates starting to tick upward. Right now is the perfect time to refinance or move. If you have not yet, please take advantage of these low rates. I don’t imagine we’ll see rates this low again in out lifetime.
If you have any questions about the local market or just want to chat please stop by and say hi at the Farmers Market or give me a call.
Davidson, NC 173 Burnell Place – Davidson, NC New price – $1,750,000
2 home offices. Room for a pool. Plenty of space to live. This is a wonderful home. Please view the video below.
Call 704 996-0948 for a private showing. Presented by Clark Goff – Allen Tate Davidson. Additional info – Click here
Well-appointed Craftsman Style luxury home of natural stone and brick features walk-out lower level on 1.5 private, wooded acres. Mahogany hardwood door with leaded art glass invites you into this eco-friendly oasis.
Rich European style cabinetry of exotic and domestic hardwoods throughout. A stunning floating central wood stair connects the upper and lower levels and a four-person elevator provides additional convenience. Master on the main level features travertine master bath with oversized luxury shower and Hans Grohe fixtures.
Gourmet kitchen features granite floors, large center island and Thermador Masterpiece Series appliances. Open lower level with media and game room, kitchenette, sauna, and laundry and private bedroom suites. 3.5 car garage. Solar panels and geothermal heat pumps support LED lighting throughout yielding modest utility bills. This home is less than 10 minutes to shops, restaurants and college campus in Historic Downtown Davidson.
Walk/Bike to Historic Downtown Davidson with its boutiques, restaurants, Farmers Market, and Concerts on the Green. Close to Davidson College and all it has to offer. Cape Cod style home on nearly an acre with a quiet cul-de-sac location.
This charmer is ready for your touches. Bonus room is a perfect guest room with full bath. No closet means we count as bonus only, but add a closet and this is an easy 4 bedroom home. Beautiful creek and woods behind the house are part of local natural walking path. New dishwasher and microwave. New HVAC for bonus room and main floor.
Davidson, NC We are in crazy times as we adjust to Covid-19. We are in crazier times when we realize how hot the Davidson real estate market is. We are seeing multiple offers, new pricing highs, record low inventory and homes selling sight unseen. Check out the charts below to see this illustrated graphically.
Anything less that 6 months supply indicates a seller’s market. We are seeing multiple offers. Sight unseen offers. All indicate an excellent time to be a seller.
While this upper chart indicates a rise in New Listings, the truth is that there are only 68 homes for sale and 25 townhomes and condos for sale in Davidson today. This is an historically low inventory. Another indicator of a seller’s market. See below.
Homes are selling fast in Davidson despite the pandemic. We are seeing buyers from all over the country.
This chart is a little misleading. We are seeing records in the high end of the market while the average is being lowered with new construction in Westbranch, Kenmare and Davidson East.
Days on Market indicates how quickly homes are selling.
We can see in North Carolina showings are back to levels we saw last year following a significant drop in March and April due to Covid-19.
Conclusion: Now is a great time to sell if you are thinking about listing your home. We are following strict protocols when showing homes; online viewings, requiring masks, requiring disinfectants, shoes removed.
Complied by Clark Goff – Allen Tate Davidson 704 996-0948 clark.goff@allentate.com my website
Well-appointed Craftsman Style luxury home of natural stone and brick features walk-out lower level on 1.5 private, wooded acres. Mahogany hardwood door with leaded art glass invites you into this eco-friendly oasis.
Rich European style cabinetry of exotic and domestic hardwoods throughout. A stunning floating central wood stair connects the upper and lower levels and a four-person elevator provides additional convenience. Master on the main level features travertine master bath with oversized luxury shower and Hans Grohe fixtures.
Gourmet kitchen features granite floors, large center island and Thermador Masterpiece Series appliances. Open lower level with media and game room, kitchenette, sauna, and laundry and private bedroom suites. 3.5 car garage. Solar panels and geothermal heat pumps support LED lighting throughout yielding modest utility bills. This home is less than 10 minutes to shops, restaurants and college campus in Historic Downtown Davidson.
To Our Friends, Clients, and Colleagues, It has been an unprecedented past few weeks as our world faces historic challenges with the growing COVID-19 (coronavirus) pandemic. First and foremost, we wish to send our love and support.
To our clients, please know that we will continue to serve your every real estate need, according to all social distancing best practices laid out by the CDC, and will do everything we can to offer our knowledge and support.
With that in mind, on March 28, 2020 the US DEPARTMENT OF HOMELAND SECURITY issued a memorandum instating real estate professionals (e.g. agents, mortgage officers, et al.) as essential services during this current hardship. Governor Cooper of the State of North Carolina also deemed real estate professionals as essential services now.
Mecklenburg County, however, issued stricter guidelines which we interpret to mean that real estate agents are deemed essential when they are involved in a property that is Under Contract. The rules keep changing and we are working hard to keep up with the latest while maintaining safety. We at Goff Choice Properties – (Clark Goff and team at Allen Tate) recognize the seriousness of this announcement and will conduct ourselves accordingly.
Over the past week, we’ve received a number of calls and emails inquiring how we are conducting business during this time. For buyers:
Virtual buyer consultations through the Zoom platform
FaceTime showings by Sellers
Shop for a home from home with new search platforms
Strategies to get a home purchase completed safely while adhering to guidelines
For sellers:
Virtual listing consultations through the Zoom platform
FaceTime consultations to review how to prepare the home
No Open Houses
FaceTime showings to qualified buyers
Where we can conduct showings adhere to all social distancing and CDC guidelines
If you have questions about buying or selling real estate, we would be delighted to schedule a virtual consultation to discuss the options. Please email Clark.Goff@allentate.com to coordinate.
We will continue to monitor and adhere to guidelines set forth by our local, state and national governments, as well as leading real estate industry authorities.
We are here to assist you in every way possible and are committed to providing you with the utmost service and guidance moving forward. On behalf of Goff Choice Properties we send our love, prayers and best wishes for the health of you and your loved ones. We will get through this together.
DAVIDSON, NC Natural stone and brick custom contemporary ranch with basement on 1.5 acres in Davidson. Completed in 2016, this 4 bedroom home rests on a wooded, private cul-de-sac lot.
Rich European style designed cabinetry of English brown oak, teak, bamboo, Honduras mahogany, quartered and rift white oak. Master on the main with stunning open floor plan with architectual central staircase.
Master bath with giant shower, teak cabinets and dual vanities.
Thermador appliances in kitchen with white oak cabinetry and marble flooring. Two private main floor offices. 4 person elevator. Sauna.
Open entertainer’s basement. Solar and geothermal systems keep monthly utility bills to approximately $150.
Less than 10 minutes to the shops, restaurants and college campus in Historic Downtown Davidson. Minutes to Davidson parks.
Offered at $2,099,000
Listing by Clark Goff – Allen Tate Davidson 704 996-0948. Please call for a private showing.
Beautiful home in desirable, gated Park Creek. Master on the main with open concept. 2 additional bedrooms on the main floor coupled with open, inviting family space.
Beautiful beams and stone fireplace accent the sitting room off the kitchen while the great room opens to the dining room and foyer. Wonderfully landscaped yard. Enjoy your rocking chair front porch all year. Over-sized 2 car attached garage in addition to a large detached garage allow for plenty of parking, storage and work space.
314 Pinecrest Street, Davidson Saturday 1-4 and Sunday 12-2 $669,000
Tastefully remodeled ranch with basement or secondary living quarters in the heart of Davidson. This home is just blocks from Historic Downtown Davidson, Davidson College, shops and award winning restaurants.
Walk to Davidson Elementary. Screened porch and on a cul-de-sac. Neutral colors, hardwoods throughout, lots of light and a wonderful wooded lot. Updates and upgrades just 2 years ago include appliances and HVAC. Secondary quarters features include 2 bedrooms, 1 bath, kitchen/family and a separate entry and drive. These don’t come along often
DAVIDSON, NC. Amazing opportunity for the ultimate Davidson, NC lifestyle. Nearly an acre on a cul-de-sac. Walk/bike to Historic Downtown Davidson. 1130 Churchill Road. $599,900.
Open House Saturday 1-3. Please stop by after the Farmers Market.
Wonderful outdoor space
Great Cape Cod Curb Appeal, Lovely, quiet outdoor space.
Fun family space
Call me for a private showing. Clark Goff 704 996-0948.
10-10:30am Family Storytime – Davidson, NC Library – details
11-11:30am Family Storytime – Davidson, NC Library – details
12-1pm Davidson Rotary Club – North Harbor Club – details
5:30-6:30pm Davidson College presents Tayo Rockson: “Use Your Difference to Make a Difference” – details
6:30-8pm Paint and Sip – Davidson Wine Co – details
6:30-8:30pm MARKETING FOR STARTUPS – The Hurt Hub – details
7-7:55pm Strange New Worlds Book Club – Davidson, NC Library – details
7-8:30pm Davidson College presents Davidson Reads – Cynthia Lewis and Andrew Rippeon – details
7-9pm Davidson College presents Malinda Maynor Lowery: American Indians and the War on Drugs: The Death of Julian Pierce and the Rise of Lumbee Self-Determination – details
DAVIDSON, NC Please stop by Saturday after the Farmers Market from 1-3pm to view this wonderful property. 314 Pinecrest Street.
314 Pinecrest Street – Easy walk to Davidson
Quiet cul-de-sac living in the heart of Old Davidson. Enjoy your wonderful backyard from your screened-in porch.
An easy walk to all that Historic Downtown Davidson has to offer including boutiques, restaurants, the Farmer Market and Concerts on the Green. Walk to Davidson College and Davidson Elementary. A home on a side street this convenient to town is a rare find.
Close to everything for the Davidson lifestyle
This home boasts tons of natural light.
For a private showing contact Clark Goff – Allen Tate Davidson 704 996-0948 more details – click here
DAVIDSON, NC Please stop by Saturday after the Farmers Market from 1-3pm to view this wonderful property. 314 Pinecrest Street.
314 Pinecrest Street – Easy walk to Davidson
Quiet cul-de-sac living in the heart of Old Davidson. Enjoy your wonderful backyard from your screened-in porch.
An easy walk to all that Historic Downtown Davidson has to offer including boutiques, restaurants, the Farmer Market and Concerts on the Green. Walk to Davidson College and Davidson Elementary. A home on a side street this convenient to town is a rare find.
Close to everything for the Davidson lifestyle
This home boasts tons of natural light.
For a private showing contact Clark Goff – Allen Tate Davidson 704 996-0948 more details – click here
Please stop by and check out my new listing after the Farmers Market.
Charming Bungalow
Walk/bike to Davidson College and historic Downtown Davidson with its restaurants, boutiques, farmers market and concerts. Wonderful updated home with 4 bedrooms and additional potential sleeping quarters/office detached from house.
Kitchen with top of the line renovation. New quartz countertops, cabinets, appliances, farm sink. New hardwoods throughout.
Open and inviting, plenty of space. Fenced, private yard with tons of trees. Cul-de-sac lot on quiet Davidson street. CAT6/gigabit Ethernet run in the house.
Davidson, NC Proposed custom built home on 7 acres in Davidson, NC. Minutes to River Run Country Club, Davidson Equestrian Center, Fisher Farm Park and the boutiques and restaurants in Historic Downtown Davidson.
Wonderful Farmhouse Plan
5 Bedrooms 4 1/2 Baths Approximately 4357 sft
Porches front and back with an available loft above the 3 car garage.
The land has a conservation easement with Davidson Land Conservancy on it allowing buyer choice of a 1 acre parcel to build on with outbuildings. Buyer owns the entire 7 acre parcel and can enjoy the abundant nature all around their preserved estate.
First FloorSecond Floor
Davidson’s premier home builder, Artisan Custom Homes has agreed to build on the site. Offered at $1,450,000.
This listing is presented by Clark Goff – Goff Choice Properties Call 704 996-0948 to discuss this or any other listing. See you at the Farmers Market Saturday!
Davidson, NC Murder Mystery, Cooking Demonstration, Davidson Basketball Begins, Little Mermaid, Cookie Crumb Trail, Wine tasting, LIVE Music, Twilight 5k. Another great weekend in Davidson!
