Photo Credit: Reside Realty
Reside Realty was founded by Matthew Paul Brown who is familiar with luxury real estate and international brokerages. Brown launched both Sotheby’s International Realty and Christie’s International Real Estate offices in Charlotte as Managing Broker until officially launching his own boutique company
As a firm, Reside Realty focuses on quality, not quantity. Reside Realty is a full-service, luxury real estate brokerage and lifestyle company representing clients in both residential and new developments. Reside Realty extends far beyond what a conventional brokerage firm offers. It is a lifestyle company committed to excellence offering design, marketing and sales solutions for buyers, sellers, developers, and investors across the globe. Headquartered in Charlotte, North Carolina, Reside Realty works with athletes, celebrities, international investors, and international developers. Haute Residence caught up with Brown to discuss North Carolina's real estate and what buyers are looking for in 2020.
How has the luxury real estate market in North Carolina been performing so far in 2020?
So far, in Charlotte, North Carolina we have experienced 8 sales over 2 million with $4,850,000.00 being the highest sales price. I anticipate the market will rebound over the next 12 months given the latest developments. As you know, we are not only dealing with a health epidemic, we have a financial crisis in front of us. The stock market hasn’t seen drops as we experienced since 1987. The Federal Reserve hasn’t seen rates as low since the Great Depression. Yes, all this is negative news, however, we must continue forward with positive attitudes and work towards adapting to the new norm for now. After consulting with our financial advisor, he believes the real estate market will rebound quickly with interest rates remaining at all-time lows! Now is the time to regroup and focus on strategies for a robust rebound.
What are buyers looking for in their homes in North Carolina in 2020?
Most high net worth individuals are looking to purchase a home as a way of improving their quality of life. When searching for homes, my clients are focused on what type of lifestyle the area offers and they must feel an emotional connection with the property as well as the location. The amenities of the area and high-end finishes are certainly another major focus. The sales price and proximity to entertainment and family are other important factors. And they also wish to secure a property that will appreciate in value. In Charlotte, North Carolina values remain steady even with the market correction.
Which has been a highlight sale for you so far in 2020?
Photo Credit: Reside Realty
One of my highlight sales so far was representing a past client on the sale of her luxury villa in Myers Park. She has not only been a client but quickly became a friend and Mentor. I have become a trusted advisor to her as she lost her husband many years ago. Yesterday, I met with her amid the chaos of the CoronaVirus to deliver her vintage Jaguar that I had been storing for her after the sale of her residence while she settled into her new Virginia home. Working with clients and protecting their investments is one of the greatest gifts of my career.
Are there any new restaurants or other spots in North Carolina you’ve been loving lately?
Charlotte is a vibrant community and we reside in an evolving food scene. New restaurants are opening their doors left and right and the result is diverse as the city grows. We are fortunate to have the culinary school, Johnson and Wales University in Uptown Charlotte. This year, my wife and I have enjoyed on several occasions dining at Bar Marcel. They offer a delicious menu from incredible salads to a full steak entrée. They are widely known for their specialty cocktails such as the Apertini. It is an Aperol base, yet slightly sour with freshly squeezed grapefruit and white lilet. It is topped off with Drambuie and garnished with dried fruit. We love to pair this drink with their Kale and Apple Salad.
For a casual eating spot, there is a place called Bossy Beulah’s. They offer a sandwich, “The Beaut” with Joyce Farms chicken breast, pickles, and Duke's mayo on a Copain bun that is absolutely delicious. Also, they have amazing chicken nuggets, french fries, slaw and more! I love grabbing an outdoor bench on a warm day and enjoying my lunch and people watching. Now more than ever we will need the return in full force to support our restaurants and bars after we pass this health and financial crisis. We must show our support!
It’s time for spring break. What is a fun activity in North Carolina?
With warmer weather hitting the Carolinas, I love going to the US National White Water Center only minutes away from the Charlotte Douglas International Airport. They offer everything from mountain biking, kayaking, white water rafting, zip-lining, ropes course, and incredible summer night concerts while watching all the activities. It is definitely a must-do when visiting the Charlotte region! I have done team building events here with our real estate firm and everyone had a blast!
At the present time, spending time out in Mother Nature and practicing social distancing is a must to protect our communities. It looks like Spring break will be returning to the basics and spending time with our loved ones. As I like to say, time is our biggest asset in life. Let us all take this time to reflect on what is truly important in our lives. Let us all pray for our entire nation and world.
To continued health, happiness and blessings, Matthew Paul Brown Founder of Reside Realty
