The AVERAGE number of days a property was on the market from the time it was listed until it closed was 142.2, two days longer than October.

According to the Charlotte Regional Realtor Association, the number of closings for November (2,000) decreased 9.5 percent over October, 2009 (2,210). However, November/s closings are up 31.5 percent when compared to November, 2008. The average sales price for November ($195,244) remains nearly unchanged from October’s ($196.204) and is up 1.1 percent over last year’s average sales price of $193,035. The average listing price sales in November ($216,507) decreased 1 percent over October’s list price of $218, 050.

“With high affordability and low interest rates, along with the extension and expansion of the homebuyer tax credit, we are optimistic the trend will continue through the winter months, which are typically slower sales times.” From Donna Anderson, CRRA President and CMLS, Inc. President.

Hardwood flooring maker to move plant to Lancaster, Co

Another Charlotte company is moving to Lancaster County. Next month, the 20-employee Greyne Custom Wood Co. will begin production in the former NewGroup building in 521 Perimeter Park in Indian Land. The company also expects to add 35 jobs to its work force within three years.

IRS – Listen Up Folks!!

The Internal Revenue Service has provided guidance to businesses on how they can use losses in 2008 and 2009 to offset income earned as long as five years ago. Businesses normally can carry back net operating losses for only two years. The economic-stimulus bill expanded that period to five years for small businesses, and lawmakers recently passed legislation extending the benefit to all businesses.

“This presents a significant opportunity for taxpayers and can result in a cash refund for qualifying companies that had taxable income in previous years.” Says Paul Manning, a principal in KPMG’s Washington national tax practice.

For information, go to www.irs.gov.

A Little Culture …From Charlotte Business Journal:

Two weeks before its glitzy opening gala, the Bechtler Museum of Modern Art took a test drive with the great unwashed. …


The $20 million Bechtler museum is considered by many to be the crown jewel in the Queen City cultural campus coming to life on South Tryon Street. It opens January 2, with 109 works from Andreas Bechtler’s 1,400-piece collection on display. Other than a brief exhibit in Zurich in 1981, Bechtler’s art collection has never been seen by the public. His parents started the art collection. Andreas Bechtler owns half of it, and his sister, who lives in Switzerland, has the other half.

Golf Anyone, River Hills Plantation - Lake Wylie, SC

This course is located next to Lake Wylie. The signature hole is #18, a par 4, requiring a second shot across the lake that guards the front of the green. This course is not long, but it has many out-of-bounds stakes lining the holes. The fairways are mostly average width, but there are some which are narrow. This is a well-balanced course that has many right and left dogleg fairways.


Looking for a home in River Hills, Call EDI Real Estate. 803-3296-1423
Put Experience to Work for YOU.

La Jolla, north of San Diego highest in home price

A comparison of similar 2,200 square feet homes in over 310 US markets by national Real Estate Company found that La Jolla was priced at 2.125 million compared to $130,875 for the same sized home in Fayetteville, NC.


Michigan ranked as the most affordable with a price of $112,675.00.

What is your home worth? Let us help in your buying and selling process.

Surveys Matter

My next post comes from a reprint of a March 2004 Real Estate Bulletin.


There is some school of thought that it may not be necessary to obtain a current survey when purchasing a home. EDI Real Estate encourages all buyers to obtain a current survey. From our personal home to hearing other's mishaps, we recommend always obtaining a current survey.

Encroachments, building restriction lines, wells, features, swimming pool decks, access ways, utility easements, flood zones and other similar matters can all show up on a survey.

Many times the buyer hopes that Title insurance will cover any unexpected items that may appear in the future, but coverage that protects purchaser's interests unlikely to be included unless a survey is performed prior to issuance of the policy. Also, using a survey from a previous owner does not contemplate changes to the property since the earlier survey was performed.

So don't worry about delaying closing, get a survey, just order it EARLY! An informed buyer knows that an accurate, current survey will provide peace of mind that cannot be obtained from any other source.

2 Oakwood Lane, Lake Wylie, SC - River Hills Plantation

This is a classic River Hills Ranch. Underneath the wallpaper, this house is a real gem. Sunken Living Room, Formal Dining Room, Spacious Kitchen and Dinette. Huge Master Bedroom opening to Large Private Deck, Separate Great Room. Private Back Yard and Wonderful Courtyard. Across from

Community Garden and Playground.

Call Today for A Showing - Virtual Tour at EDI Real Estate

River Hills Real Estate with EDI Real Estate

Looking for Real Estate in River Hills, SC.  Call us Today to see properties or to market your home.

River Hills is located in Lake Wylie, South Carolina.

From the Chamber of Commerce, Lake Wylie is a vibrant and thriving community where geography, people and economic vitality have fashioned a distinctive Southern lifestyle. The leisure and excitement of lakeside living, our comfortable, small town atmosphere and convenient proximity to regional commercial and cultural centers make Lake Wylie the perfect setting to live and do business.


Recreation is an integral part of the Lake Wylie lifestyle. With 325 miles of shoreline, the Lake is ideal for boating, fishing, water skiing and sailing. The temperate, yet wonderfully distinct, seasonal changes not only enhance the area's beauty, but also afford year-round enjoyment of such outdoor pastimes as golf, tennis and bicycling. For sports lovers, the NBA Charlotte Bobcats play their home games at the Time Warner Cable Arena and the Charlotte Knights play professional baseball at Knights Stadium a few minutes away in Fort Mill.