HOA News & Analysis
2 articles
Market Mood
Condo Owners Cut Prices by $121K Amid Rising Fees in 2026
Condominium owners are facing challenges selling their units, with some cutting asking prices significantly. One owner reduced his asking price from $270,000 in May 2025 to $149,000 by September 2026. Homeowners association (HOA) fees are increasing, with some approaching $470 per month, while special assessments, averaging nearly $2,500 for older buildings, are also rising. This trend is seen across the U.S. as community associations anticipate further fee increases to cover rising insurance and financial reserve standards.
Read More: Condo Owners Cut Prices by $121K Amid Rising Fees in 2026
HOA Fees Surge from $350 to $1,250 for North Carolina Homeowners
Residents of the Magnolia Cove subdivision in Sherrills Ford saw their monthly homeowners association (HOA) fees increase from $350 to $1,250, along with a $10,000 special assessment. This significant fee hike is part of an ongoing conflict with the neighborhood's developer, Aaron Guess. Homeowners claim they were promised amenities such as lawn maintenance and a community pool, which have not yet been delivered. Currently, there are approximately 20 homeowners remaining in the 80-home community, as many properties have turned into rentals, raising concerns over how HOA funds are being utilized.
Read More: HOA Fees Surge from $350 to $1,250 for North Carolina Homeowners