Charlotte-based Helen Adams Realty will move its Lake Norman office from Huntersville to Jetton Village in Cornelius, just outside high-end neighborhoods like The Peninsula, Patrick’s Purchase and Shearwater.
The new office, some 3,000 square feet, will be within eyesight of Premier Sotheby’s International and some of the luxury agents at Allen Tate’s Lake Norman office on Old Jetton.
DELLINGER
Bob Dellinger, broker in charge at Helen Adams in Lake Norman, has been a fixture in the Lake Norman real estate community for a decade. He came on board with Helen Adams and opened the Lake Norman office, near Birkdale in 2005.
Before that, he was in commercial real estate in Cabarrus County after the textile industry snagged on overseas competition. He was a textile industry executive, having been president of sales and marketing for Fieldcrest Cannon in Kannapolis.
The Davidson resident says the demographics around Lake Norman, Cornelius in particular, are “significant.” The corner location near Sotheby’s and Allen Tate will provide increased activity. “The visibility is something we really like,” he said.
The Lake Norman office has 25 agents. Helen Adams, which was founded four decades ago in Charlotte, has offices on Randolph Road and in Ballantyne Commons.
Dellinger said the high-end market, by it’s very nature, is a little slower than homes priced around the median..
Over the past six months, the average DOM for houses in Cornelius priced between $500,000 and $1 million was 66 days. For homes over $1 million, the average DOM was almost twice as long.
Homes priced between $500,000 and $1 million sold at an average of 9 per month which equates to a 4 month supply. For the same six month period, the statistics for homes priced $1 million and higher, the average DOM was 127 days. Homes in this category sold at an average of 3 per month which equates to a 15-month supply.
In spite of all the discussion about I-77, Dellinger—as well as commercial broker and former Mayor Gary Knox—said Cornelius is “hot.”
“As we begin 2016, the DOM is beginning to trend downward and prices are solid and according to the past three months, they are trending up in the luxury category,” Dellinger said.
