Neighborhood Spotlight: Jefferson Park

There aren’t many opportunities to own a new construction home close in to Charlotte anymore. There are a few infill neighborhoods that are really something to see. Jefferson Park is one of those. The neighborhood has the perfect location next to Shalom Park and the Jewish Community Center. There are many schools within walking distance and an Uptown Commute is quick and easy.

There are existing homes in Jefferson Park and they come in a variety of styles. Many have unique architectural features and there are one story, two story and split-level plans. These homes are large, from 2,500 to over 3,500 square feet. They have 3-4 bedrooms and 2-3.5 bathrooms. The original homes were built in the 1950’s and have all of the character you would expect. Some of the homes have been extensively remodeled to make them work for today’s lifestyles.

Knotts Builders is offering some custom new construction homes within the neighborhood. They overlook the beautiful pond and celebrate the peaceful wooded neighborhood. These homes are a little bit larger and grander than the original homes, yet don’t feel out of place. They have at least 3,800 square feet in two story all-brick plans with two car garages. Features include first floor guest suites, open kitchens, bonus rooms, home offices and much more.

To get to Jefferson Park from Uptown Charlotte, take Providence Road south until just past Sardis Road. Turn left on Jefferson Drive to enter the neighborhood. Residents are walking distance to Charlotte Jewish Day School and Providence Day School. Less than one mile away are Country Day School, Charlotte Preparatory School and Charlotte Christian School. Public school assignments for the neighborhood are for Landsdowne Elementary School, McClintock Middle School, and East Mecklenburg High School. Please verify school assignments as they are subject to change.

In the past year, homes in Jefferson Park sold for between $595,000 and $799,000. There are currently two homes on the market which represents a 6 month supply of inventory. These homes don’t come up for sale often. If you would like to schedule a private tour of these homes, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

 

Don’t Miss Out on Pecan Ridge in Fort Mill

If you have been dreaming about a home in Fort Mill, Pecan Ridge may just fit the bill. This great neighborhood is brought to you by national builder LGI Homes and is right next to Waterside at the Catawba. Pecan Ridge is perfect for first time home buyers as the location and schools are great and the price point is lower than surrounding neighborhoods. Pecan Ridge is also zoned for great Fort Mill schools.

Pecan Ridge is located on Whites Road just North of the intersection with JW Wilson Road. The Catawba River is close as is Fort Mill and a little bit further away Rock Hill. The neighborhood is conveniently located close to Charlotte, NC and has an easy commute via major highways.

This family-friendly neighborhood features a community park with lots of green space. The park is centrally located in the neighborhood and has a playground, pavilion and picnic tables. There are also hiking and biking trails close by as are sports fields and golf courses. Residents can also easily access the Catawba River for kayaking and canoeing.

LGI Homes is offering a variety of floorplans each packed with upgrades including stainless steel kitchen appliances, wood floors, and granite countertops. Homes have between 3 and 5 bedrooms and 2.5 to 3 full bathrooms. Homes can have one or two stories and each has a 2 car garage. There is plenty of storage in walk-in closets and master suites are sumptuous and spacious. These thoughtfully designed homes are sure to please any family.

Children in Pecan Ridge attend Dobys Bridge Elementary School, Banks Trail Middle School, and Nation Ford High School. Please verify school assignments as they are subject to change.

If you are interested in a private tour of homes in Pecan Ridge, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

Explore Ladera in Marvin

If you are looking for a luxury gated community in the Waxhaw area, Ladera should top of your list. This amazing project is underway right now and has fantastic large homes on large lots in a great location. Top rated schools are yet another draw bringing residents to Ladera.

This gated luxury community was begun by Standard Pacific who merged with Ryland Homes to become CalAtlantic. CalAtlantic became part of Lennar Corp, but none of the quality of these homes has been lost with all of the change. Ladera is in good company with Ainsley by John Weiland, Pulte and Shea Homes close by as well as Providence Downs South just down the road.

Ladera is located just off New Town Road between Waxhaw-Marvin Road and Crane Road in the Marvin area. There are major road closures occurring in the area so during the closures residents and guests have to enter from Crane Road. Minutes away from Blakeney, Ladera is close to shopping and dining. There are also many quaint shops on Main street in Waxhaw.

The homes feature wooded and cul-de-sac homesites, some with basement lots. Homes features owner’s suites with spa-like baths, guest suites, gourmet kitchens, open floor plans, and spacious entry foyers. Many of the homes feature upstairs porches, outdoor living spaces, courtyard style garages, and stylish exteriors. Many of these homes enclose over 5,000 square feet of tastefully appointed living space.

The neighborhood also includes a pond, sidewalks, streetlights, and walking trails, in addition to the privacy of the stylish gates. In the last year, homes in Ladera have sold for between the $730’s and the $970’s. There are currently 14 homes on the market in various stages of construction representing an 11.2 month supply of homes.

Children in Ladera are currently zoned for top rated Marvin Schools. These assignments are for Marvin Elementary School, Marvin Ridge Middle School, and Marvin Ridge High School. Please verify school assignments with the school district as zoning boundaries can cut through neighborhoods.

If you would like to schedule a private tour of homes in Ladera, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Brookwood Hills

There is one more opportunity to own a beautiful home in Brookwood Hills. There were two new construction homes built here, but one has already been sold. The Howey Company is responsible for building these amazing homes, and you don’t want to miss out on the only one left.

Located near Myers Park on a quiet street, Brookwood Hills is close to everything you need. There are restaurants, shops, pubs, country clubs, and parks all close by. An uptown commute will take around 15 minutes. The airport is about 20 minutes away for a business trip or vacation. SouthPark Mall is only about 4 minutes away and is great for world-class dining, shopping, and pops in the park as well as community events.

Brookwood Hills is also zoned for great schools that are just minutes away. Current zoning is for Selwyn Elementary School, Alexander Graham Middle School, and Myers Park High School. All schools are top rated in the Charlotte area. Please verify school assignments with the school system in case of boundary changes. There are also many private, charter, and magnet school options nearby. For younger children, there are mother’s day out programs, daycare and preschools close by as well.

Homes here don’t come on the market often, in fact only three have been up for sale since 2016 which includes the two new construction homes. Homes are grand in scale with the smallest being almost 4,000 square feet and the largest just over 5,200 square feet. The new homes include Thermador chef’s kitchens, open living spaces, main level master suites, and three car garages. They have four upstairs bedrooms each with access to their own private baths. Homes have bonus rooms, home offices, luxury features and much more. All of the finishes are high end and they support the large price tags at around $1.5 million.

If you are interested in an amazing home in Brookwood Hills or any other neighborhood close by or in the Charlotte area, give us a call at (704) 525-4045. We will schedule a private tour of homes to meet your needs. You can view current listings and create custom searches on our website here.

August Market Statistics

The monthly numbers are out from the Charlotte Regional Realtor Association. They gather the data from the Carolina Multiple Services and compare what is happening in the market now with last year at the same time. For four months, home sales have been down across the Charlotte region. It looks like this may be the new trend for the area.

The Charlotte Business Journal reports that “another straight month of annual sales declines during the peak home-selling season shows “the cooling effect limited inventory and waning affordability are having on the Charlotte market””. The quote is from Jason Gentry, the CRRA President.

If you look at home sales between last year (4,800) and this year (4,514), there is a decline of 6%. This is not what you typically expect at this time of the year. Home prices are edging higher as well with the average sale price up to $294,107. This is up 8.8% over last years $270,274.

Pending sales are up 7.4% over last year at this time from 4,443 to 4,771. New listings were up 1.5% from 5,576 to 5,660. This shows that there is still strong interest from buyers despite prices rising.

Inventory woes persist in the Charlotte market as once again the supply of homes is down year over year. There are currently 10,052 homes on the market, down 14.3% from last years 11,736. This represents just a 2.4 month supply of inventory, well down from the 4-6 months supply that typically represents a balanced market between buyers and sellers.

Homes continue to sell at a faster rate than last year spending just 38 days on the market. This is down from 43 days last year, a decline of 11.6%. This means that buyers have to be pre-approved for loans and ready to jump on a home quickly after it is listed.

If you are in the market to buy or sell a home in the Charlotte market, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

 

Visit Fort Mill’s Massey

Discover one of the hot spots in Fort Mill, SC at Massey. This amazing neighborhood features many different builders, quality homes, great schools, close proximity to Charlotte, extensive amenities, and lower South Carolina taxes. What’s not to love?

Massey is conveniently located minutes from Highway 521 and Interstate 77. Residents are about 5 miles from Fort Mill, a great place to shop, dine, and be visit with neighbors and friends. Ten minutes away is Ballantyne which gives residents easy access to additional shopping, dining, entertainment, employers and much more. A trip into Uptown Charlotte should take around 30 minutes and will connect you with not only employers, but sporting events, concerts, museums, dining, theater, and much more. Residents are also about a half hour from Charlotte Douglas International Airport.

Active families love Massey because of the amenities and strong community. There is a pool with splash area and lazy river, clubhouse, fitness center, recreation area, sidewalks throughout, street lights, and walking trails. The active homeowners association puts on events all through the year for the whole family.

Homes in Massey typically have between 3 and 6 bedrooms, and 2.5 to 5 bathrooms. Many homes have flex spaces which can be used for offices, game rooms, bonus rooms, or home theaters. Many of the homes have basement lots which can be fully finished for additional living space. Homes range between 2,200 and to over 5,000 square feet of heated living area.

In the last year homes in Massey have sold for between $292,000 and $521,880 with an average sale price of $406,064. Currently there are 30 homes on the market representing an 8.6 month supply of inventory.

Families also love Massey for the award winning school district making it a highly desirable neighborhood. Children in Massey currently attend Dobby’s Bridge Elementary School, Banks Trail Middle School, and Nation Ford High School. Please verify school assignments as they can change from one school year to the next.

If you would like to schedule a private tour of homes in Massey, call us at (704) 525-4045. You can create custom searches and view current listings on our website here.

 

Build Your Dream in Tuscan Ridge

If you are looking for a luxury home in Weddington, do yourself a favor and check out Tuscan Ridge. There are 12 lots being developed by LAWD Properties, LLC, so not many chances to get in on this amazing project. They are zoned for top rated Union County schools, and have a great location. There are several plans to choose from or you can bring your own plan.

Tuscan Ridge is located just south of I-485 off Providence Road and Hemby Road. Just down the street is a grocery store, restaurants, banks, churches, gas stations, and everything you need for a quick trip. If you go a little bit further away, you will have more options as you can easily get to Promenade on Providence, Ballantyne, Piper Glen or into Weddington. With I-485 so close, you can easily get into Uptown Charlotte or head out for a trip via Charlotte Douglas International Airport.

These 12 lots are sized between 0.92 and 1.1 acre in size. This gives plenty of space for the minimum 3,000 square foot home as well as space for outdoor living spaces and privacy. Peachtree Builders have already built two homes in the neighborhood that are full of unique details and packed with features. They have 4 or 5 bedrooms, 4 or 4.5 bathrooms, and three car garages. Plans are open concept and have tons of natural light. Custom storage, gourmet kitchens, coffered ceilings, and much more are included in over 4,00 square feet of living space.

You can choose an already built home, build from your own plan, or just customize one of the existing plans to make it into your dream home. Homes are on county water and septic systems. Exteriors are brick, stone, and stucco with gas lanterns. Homes start in the $700’s and with upgrades can go higher.

The homes in this exclusive neighborhood are zoned for top rated Antioch Elementary School, Weddington Middle School, and Weddington High School. All schools are in the award winning Union County school district. Please verify school assignments as they can change from one school year to the next.

Schedule a private tour of these homes in Tuscan Ridge by calling (704) 525-4045. Create custom searches and view current listings on our website here.

 

Neighborhood Spotlight: Deerfield

Do yourself a favor and call us to schedule a private tour through Deerfield. This new construction neighborhood has easy access to SouthPark, and Ballantyne and is zoned for some of the best schools in the Charlotte area.

Builder JP Orleans is bringing these magnificent homes to life. They are located off Alexander Road just north of Pineville-Matthews Road (highway 51). This location means that residents are close to shopping, dining, entertainment, fitness, golf courses, churches, and much more. Close by highway access means that the 8 mile Uptown commute or just a trip to see a sporting event or concert is a breeze.

The homes themselves exude Southern charm. JP Orleans is known for craftsmanship and attention to detail and Deerfield is no exception. A new phase is open now with 10 estate homesites. These homes are grand in scale with at least 3,000 square feet of heated living space. Some of the homes are much larger. Each home has a large wooded homesite to accommodate the home and a 3 car garage. Plans are open concept with spacious flexible floor plans. There are many opportunities to personalize and customize your home.

Some of the customizations available are owner’s suite on the first or second floor. A in-law suite on the first floor is also an option. Spa-like owner’s baths, morning rooms, conservatories, covered porches and more are possible for your dream home.

Children in Deerfield currently attend Elizabeth Lane Elementary School, South Charlotte Middle School, and Providence High School. There are also many private, charter, and magnet school options nearby. Please verify school assignments as they can change from one school year to the next and boundaries sometimes cut through neighborhoods.

To schedule a private tour of Deerfield, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

July Market Statistics

Home prices rose again in July, and inventory tightened yet again, continuing a trend that we have been stuck in for some time. This makes first time buyers more hesitant to enter the market and keeps sellers from listing as they are afraid of not being able to find a comparable home.

Jason Gentry, president of the Charlotte Regional Realtor Association says “Without a doubt, limited inventory continues to pressure prices across the region, while also effectively slowing sales during what’s typically our prime selling season. Demand and pending contract activity remain strong, which means buyers must move quickly to purchase the home they want.”

When you look at the numbers for the Charlotte region, average home prices were up 6.7% from this time last year. In 2017 the average sale price was $276,434, in 2018 it has risen to $290,486. When you look at the longer trend, in 2012 the average sale price was just $219,867.

In July of 2012 there were 18,228 homes for sale in the Charlotte region. This July, there are just 9,790 homes for sale. Those 9,790 homes represent a 2.4 month supply of inventory. This is well below the 4-6 months supply that would normally signal a balanced market between buyers and sellers.

All of these numbers come from the recently released report based on data from the Carolina Multiple Listing Services. The numbers show that closed sales were down this month over July of last year by 2.8%. This is concerning as it occurs during what is normally the busiest time in the yearly cycle for sales.

New listings were down 0.4% year over year which leads us to believe that the market is due for a further slow down. We will have to watch and see what happens in August to be sure if this is indeed the trend.

Pending sales on the other hand were up substantially from this time last year. In July of 2017, there were 4,398 pending sales. This July, there are 4,947, an increase of 12.5%. If all of these head to the closing table, we should see a rise in sales for next month.

It is taking less time for homes to sell once they are put up on the market as well. Homes are staying on the market for an average of 83 days from list to close. From the time of list until the sale is just 36 days. This means that buyers have to be completely ready to go when they find the home they want.

If you are looking to buy or sell in the Charlotte area, give us a call at (704) 525-4045. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Carolina Orchards

Carolina Orchards is a premier community for active adults age 55 and older. This jewel of Fort Mill, South Carolina is close to shopping, entertainment, dining, and much more. The community is packed with amenities and has thoughtfully designed homes with amazing indoor and outdoor living spaces. These amazing homes are close to everything, yet have lower South Carolina taxes.

Located close to I-77 and I-485, residents of Carolina Orchards can easily get to Uptown Charlotte or head into Rock Hill, South Carolina. Charlotte Douglas International Airport is an easy trip up I-77 and you can get to SouthPark easily as well. Closer to home, you are just up the street from Springfield Town Shopping Center, Anne Springs Close Greenway and many award-winning golf courses. Residents can also enjoy life on the water as Lake Wylie is just down the road a bit and has public boat ramps.

Built by Pulte and Lennar homes, Carolina Orchards offers many different floor plans and home styles sure to please any home buyer. The homes are available from three distinct series of homes the Passport, Expedition, and Pinnacle. These homes range from a 2 bedroom 2 bath with 1,400 square feet and a 2 car garage starting from $262,500 all the way up to a 3 bedroom 3.5 bath home with 3,455 square feet for over $600,000.

These homes are all ranch style with open floor plans and lots of natural light. Homes are maintenance free meaning that the neighborhood takes care of exterior maintenance and landscaping as part of the homeowners association.

There are 15 different villages within Carolina Orchards. Each has around 30 homes. Spread throughout the neighborhood are nature trails, ponds, lush landscaping and the amenity center. The amenity center offers leisure activities, a state-of-the-art fitness center, hobby rooms, game rooms, indoor and outdoor pools, and sports facilities. There is a yoga room, tennis, pickleball, bocce courts, outdoor pavilion, and many organized activities.

To schedule a private tour of homes in Carolina Orchards, give us a call at (704) 525-4045. You can also view current listings on our website and create custom searches here.