Get in on Exclusive Elegance in Wyndmoor

Century Communities, Sinacori Homes and LiveWell Homes are bringing an exclusive offering in Marvin called Wyndmoor. With just 12 homesites on two cul-de-sac streets, a pond, and walking trails, the privacy in Wyndmoor can’t be beaten. This alcove neighborhood has stunning homes close to restaurants, shopping, parks, and coveted Marvin Ridge schools.

Homes in Wyndmoor are grand. Lots are over half of an acre and homes are large as well with at least 3,600 square feet. Exteriors are full brick with European styling. Side-load three car garages are part of each floor plan that we have seen so far.

LiveWell Homes has one home currently available. This local homebuilder has been around for 50 years bringing quality homes to the Charlotte area. This home has 6 bedrooms, 5 and ½ bathrooms and laundry rooms on both floors. A large open kitchen with giant island, butler’s pantry and wet bar anchor the first floor. A two story great room is perfect for entertaining and contains coffered ceilings and custom moldings and fireplace.

Century Homes has two floorplans to choose from, the Newport and the Holly. They have one completed home available for sale as well as opportunities to build a home from the ground up. There are numerous ways to customize these homes to make your perfect space for your family. You can add a home office, guest suite, and many options for flex space.

Their current home they have available has 5 bedrooms, 4 ½ bathrooms and 4,889 square feet of living space. Like the LiveWell Home, it has a gourmet kitchen, and great room with dramatic coffered ceiling. Upstairs it has a master suite, three additional bedrooms and flex space in the loft.

Students in Wyndmoor currently attend Sandy Ridge Elementary School, Marvin Ridge Middle School, and Marvin Ridge High School. These desirable schools rank 10 out of 10 on CarolinaSchoolHub. There are also many private, daycare, mother’s day out, and preschool options close by.

If you are interested in learning more about Wyndmoor, give us a call at (704) 525-4045. You can also view current listings on our website here.

September Market Statistics

Sales across the Charlotte region fell again in September. They dropped 3.9% from last year from 4,121 down to 3,960 sales. These numbers all come from the Charlotte Regional Realtor Association’s monthly report based on data from the Carolina Multiple Listing Services, Inc.

According to the report, inventory was also down. Last year at this time there were 12,297 homes for sale in the region and this year there are only 10,140. This is a 17.5% decline year over year. The region is left with only a 2.5 month supply of homes. A balanced market giving equal power to buyers and sellers in a transaction is generally considered to be a six month supply.

Home prices on the other hand, continue to rise. The average sales price was 6.3% higher at $271,606. Median sales price was up 9.2% to $225,000. This shows that the seller’s market that has been the trend is showing no signs of stopping.

Pending sales were up 16.4% to 4,137 up from 3,555. The strength of pending sales shows that we should have a stable market for a while to come.

New listings are up year over year. They are up 3.3% to 4,700 from 4,550. This shows seller’s confidence in the market continuing to be strong.

Homes are selling quicker than last year as well. The time on the market from list to close was 99 days last year and this year is down to 90 days. Loans still take about the same time to come through so this means that the days on the market until the sale were also down from 47 to 39 days.

The market shows all indications of remaining a strong seller’s market, even with sales in a slump. If you are interested in a home in the Charlotte area, give us a call at (704) 525-4045. You can also view current listings on our website here.

Check out the Parade of Homes

If you are interested in new construction in the Charlotte area but aren’t sure what you want in a home, the Parade of Homes is a great place to start. This showcase highlights model homes in communities all around the area in a wide variety of styles, home builders, and price points. The Parade of Homes is also a great way to learn your way around if you are new to town.

The Parade of Homes began last weekend, and continues this weekend and the next. Dates are October 13-15, and 20-22. Homes are open from 11:00 am to 6:00 pm on Fridays and Saturdays, and from 1:00 pm to 6:00 pm on Sundays. The tour is free of charge and even has an app this year that will help you navigate. You can also check out http://www.paradecharlotte.com/ for the interactive website to plan your tour.

The Parade of Homes is like a huge open house. The best home builders in Charlotte and the surrounding area are all participants. They pull out all of the stops to show you everything they can do for you. Builders show fully furnished model homes and hope to get you to sign on the dotted line for a new home.

Some important things to remember about purchasing a new home. Just like purchasing an existing home, it is important to have your own Realtor represent you in the transaction. All of the sales staff for the builder work for the builder’s interests. You want to make sure you have someone to help guide you through what will probably be the single biggest investment in your life. A Realtor can help you through the process of choosing all of the options, upgrades, and finishes that will make your house a home, but will also make it appreciate and if necessary, get you the best price on resale.

Eighty homes will be a part of the tour this year highlighting 21 builders. Prices range from $240,000 up to $1.4 million. The show is organized by the Home Builders Association of Greater Charlotte. This year the homes are in Fort Mill, Rock Hill, Weddington, Huntersville, Concord, and in Charlotte as well. Builders represented this year are:

  • Alan Simonini Homes
  • Arthur Rutenberg Homes
  • Bonterra Builders
  • Century Communities
  • Chelsea Building Group
  • David Weekley Homes
  • Epcon Communities
  • Essex Homes
  • Fielding Homes
  • H & H Homes
  • Knotts Builders
  • Kolter Homes
  • Mattamy Homes
  • Meritage Homes
  • Niblock Homes
  • Saussy Burbank
  • Shea Homes
  • Smith Douglas Homes
  • Taylor Morrison
  • Terrata Homes
  • Toll Brothers

If you are interested in a new home in the Charlotte area, go tour the Parade of Homes, then give us a call at (704) 525-4045 and we will be happy to help you navigate through the process of purchasing your new home. You can also view current listings on our website here.

NerdWallet says Waxhaw is the Best Place for Young Families

Waxhaw was in the news this week for a great reason. Turns out it took the number one spot on NerdWallet’s best places in North Carolina for young families. Next on the list was Stallings, Harrisburg and Wesley Chapel with Indian Trail and Marvin also making the top 10. They ranked 145 places in North Carolina, cities, towns, villages, and census-designated places. Data came from the U.S. Census Bureau’s American Community Survey. They restricted their data to places with over 5,000 residents.

Nerdwallet used many different factors to rank cities. They looked at schools, jobs, income opportunities, friendly neighbors, and affordable living. They weighed all of these factors and came up with a score for each small town.

Here’s how NerdWallet came about their numbers:

  • Home Affordability – looked at median home values and selected monthly homeowner costs
  • Growth and Prosperity – evaluated past and current family incomes to gauge prosperity and prospects for economic growth
  • Quality of Schools – incorporated ratings from GreatSchools, a nonprofit school ratings site to help determine the quality of the local schools
  • Family Friendliness – examined the percentage of families with children in school and the poverty rate for families with young children to learn if a community is a positive environment for children.

Key takeaways from the NerdWallet study include:

  • Top places are near big employers.
  • Top places have strong family incomes
  • Best options for families are small and midsize suburbs

Results of the study conclude that Waxhaw is one of the fastest growing towns in North Carolina. Waxhaw’s historic downtown is a big draw. Waxhaw is within 30 miles of Uptown Charlotte. With around 12,000 residents, Waxhaw ranks highly for  quality of education and family friendliness. Home affordability was not great as the median home value was the fifth-priciest out of the top 10. Below are the full Waxhaw rankings:

  • Great schools – 9 out of 10
  • Median home price – $259,500
  • Median selected monthly homeowner costs $1,704
  • Family income growth 1999-2015 – 78.2%
  • Percentage of families with at least one child under 18 – 49.7%
  • Median family income – $98,317
  • Percentage of families in poverty with a child under 5 years – 0

If you are interested in a home in the Waxhaw area, give us a call at (704) 525-4045. You can also view current listings on our website here.

Explore Providence Downs South

Right in the heart of Marvin, NC is a gem of a neighborhood called Providence Downs South. It is full of custom homes with all the amenities you need with a feeling of old world charm. This gated community has lower Union County taxes, fantastic schools, and a great location,.

Providence Downs South was selling well in 2006-2007 and seemed to be in a great position, poised to be a premier community in the Charlotte area. The economic downturn hit Providence Downs South especially hard. After the developer declared bankruptcy, the existing residents banded together and took over the neighborhood association and chipped in to complete the unfinished amenities. This area has recovered fantastically well and is once again a premier place to live and raise a family.

Amenities in Providence Downs South include a large clubhouse, Olympic pool with slide and waterpark, three tennis courts, and basketball court. There is also a playground, pavilion with outdoor kitchen, play field, sand volleyball court, practice field, lush landscaping, and fishing area. A renovated fitness center and daycare quality kids room finish out the indoor amenities. All of these amenities come without having to purchase a country club membership which is rare in neighborhoods in this area.

There are opportunities to purchase a lot and build the home of your dreams from the ground up. There are also spec-homes already built, but awaiting your custom touches. Opportunities are also available for homes already built. Homes are grand here and typically have over 4,000 square feet. Indoor movie screening rooms, lavish kitchens, and dramatic owner’s suites are common.

Children in Providence Downs South attend the best public high school in the Charlotte area. Marvin Ridge High School is top rated as are Marvin Ridge Middle School and Sandy Ridge Elementary School. There are many private, preschool, mother’s day out, and daycare options available nearby as well. Kids here also have the opportunity to join the Marlin’s swim team and compete with other local neighborhoods.

The location can’t be beat in Providence Downs South. Many residents commute to Ballantyne or Charlotte, but take advantage of lower Union County Taxes. You also feel like you are in an oasis in the country with horse farms nearby.

If you would like to learn more about Providence Downs South or view a home, give us a call at (704) 525-4045. You can explore current listings on our website here.

August Market Update

The trend continues with no apparent end in sight. Once again, inventory is down in the Charlotte area while prices creep upwards. But the real story is that home sales took another hit in August. These numbers all come from the Charlotte Regional Realtor Association reporting on data from the Carolina Multiple Listing Service.

Inventory is down 18.6% compared to August of last year leaving just a 2.6 month supply. 10,153 homes were on the market for sale, while last year there were 12,477. Last month there were 10,174 for a decrease of 21 listings month over month.

Sales were down 3.8% for the same period. 4,297 homes sold in August as compared to 4,467 last year at this time. This number is up slightly over last month, just 1.2% higher than July.

Median sales price crept up to $230,000 while average sales price inched up to $273,549. This means median sales price is up 5% from this time last year but is down from last month’s $236,000. Average sales price is up 1% from last August, but is down from last month’s $280,696. These numbers can be affected by a few large sales so we will have to wait and see if this is a new trend where prices might be adjusting.

5,394 new listings hit the market in August which represents an increase of 6% over last year.

Industry analysts are predicting that the market will begin to balance over the next couple of years. They expect some relief to the inventory woes as the cooler months typically have a slowdown in the market. This seasonal slowdown should, weather permitting, allow builders to provide more inventory to the market.

The Charlotte area doesn’t seem to be cooling off anytime soon. There is still demand for listings and there is still positive job growth. This means it is still a great place to call home.

If you are interested in a home in the Charlotte area, give us a call at (704) 525-4045. You can view current listings on our website here.

Neighborhood Spotlight: Waxhaw’s Barrington

Let’s check in with the fantastic new neighborhood of Barrington located in Waxhaw, North Carolina near South Charlotte in Union County. This beautiful new construction community posts a junior Olympic pool including a splash area, kiddie pool and open-air cabana. The neighborhood also has plenty of walking trails as well as a playground, making it a great place for young families.

There are currently six homes on the market in Barrington representing 3.1 months of inventory, which is lower than Waxhaw’s inventory as a whole, which is currently at 5.5 months. While Waxhaw has a fairly balanced market, Barrington’s inventory seems to favor the sellers.

However, the average price per square foot has gone down over the past year from approximately $120 per square foot to approximately $115 per square foot, which bodes well for buyers. Furthermore, the average sales price has remained fairly steady over the last 12 months.

Homes currently on the market range in size from just over 2800 square feet to just under 4100square feet and range in price from $349,900 to $469,900. Many of these homes also feature premium finishes, including hardwood floors, stainless steel appliances, granite or quartz countertops, and more.

This is a great family neighborhood in a sought-after school district featuring floor plans that cater to families and beyond.

If you want to learn more about Barrington, give us a call at (704) 525-4045. You can also view current listings on our website here.

Exclusive Elegance in the Club at Longview

Formerly a 500 acre dairy farm, the Club at Longview is so much more now. Elegant homes, a premier golf course, and club are all housed within this serene community. This privately gated community offers 24-hour security. The lush grounds throughout are meticulously maintained, and residents enjoy amenities on par with the finest luxury resorts.

The Longview community is in Waxhaw and straddles Tom Short Road just south of Ardrey Kell Road and north of Rea Road. Residents enjoy low Union County taxes, and also top ranked Union County schools. Children attend Rea View Elementary, Marvin Ridge Middle, and Marvin Ridge High Schools. Please verify school assignments as they are subject to change. There are also many private, preschool, mother’s day out and daycare options nearby.

Homes in Longview are grand. They range from $700,000 up into the millions. Lot sizes range from 0.5 to 1.7 acres. Homes range from 3,500 square feet up to 18,000 square feet. Phase three still has lots available along the 3rd, 4th, and 5th fairways starting at $250,000. Longview offers gorgeous manor style custom estate homes with distinctive architectural designs built by some of Charlotte’s most elite custom builders.

Amenities of Longview include premier and casual dining in multiple dining areas in the 28,000 square foot club. The club also features a state of the art workout facility, complete with massage and steam room. An onsite personal trainer is always available, as is a full-service concierge. There are weekly events for members and their guests including clubs, dining and wine tasting events, and more. Onsite childcare and a youth lodge are in the 10,000 square foot activity center just across the street from the clubhouse. There are two pools, one for families, and one just for adults complete with hot tub. Competition style tennis courts have incredible views of the community.

If golf is your game, there is truly no better course in the Charlotte area. The 18-hole course at Longview is the only signature Jack Nicklaus one in the region. It features a variety of elevations, numerous water features, and tree-lined fairways set among the Carolina hills. There is a full-service practice range as well as putting and chipping areas. Onsite instructors are available to help refine your game. They also have a junior bears program with golf lessons for children as young as three.

Full Longview membership application is required before the purchase of a home here. The club offers different membership categories including: Golf Memberships, Social Memberships, Corporate Memberships, and National Memberships. Private residences and Longview Club amenities are extraordinary! Home site & club tours are available by appointment only. If you would like to learn more, give us a call at (704) 525-4045. You can also view current listings here.

Waxhaw’s MillBridge Has It All

There’s a gem of a neighborhood growing in Waxhaw right now. MillBridge is a master planned community with many sections appealing to a wide variety of buyers. The covered bridge draws you into a neighborhood that feels more like a small town. There is a lifestyle here, a slower pace to life so you can enjoy time with your family, friends, and your neighbors.

MillBridge is located in picturesque Waxhaw, NC and is zoned for award winning Union County schools. There are plenty of places to shop, dine, exercise, and have both outdoor and indoor entertainment nearby. Just 10 miles separate you from Ballantyne. MillBridge is located just off Kensington Drive (Jim Wilson Road) near the intersection with Waxhaw/Marvin Road right near the South Carolina border. It is also just a short drive away from Highway 16/Providence Road.

As is the trend with master planned communities, there are numerous amenities in MillBridge. Features include a 9,000 square foot community house, fitness classes, a Junior Olympic lap pool, state-of-the-art fitness center, parks, and community events throughout the year. There is a lazy river and waterslide, 60 acres of community parks, trails and greenways. Additionally, you’ll find a movie theater room, fitness facility, and cafe. Plenty of other features are available to explore as you move through the neighborhood. A full-time activities director can help you to find what might work for you, or can help create more value by adding activities that can further enhance your experience.

MillBridge currently has six phases with five builders spanning 900 acres. The sixth phase may have an existing or new builder as the last phase in the community. Master planner Landeavor, LLC has been creating communities like MillBridge since 2007, and they have been working to make them perfect.

Lennar has homes starting in the high $200’s in the range of 2,019-2,895 square feet. Bonterra Builders, Pulte Homes, and M/I Homes all have homes starting in the mid $300’s and ranging from 2,025 to 4,448+ square feet. DR Horton is responsible for one of the phases coming in November 2017. Each has plenty of floorplans and options to choose from to make MillBridge the perfect place for you and your family.

Once you cross the bridge, you’ll never want to leave. When you get to that point, give us a call at (704) 525-4045. We would love to help you join this great community. You can also find current listings on our website here.

July Market Statistics

The housing market in the Charlotte continues to be strong this summer. All indicators are that sales are strong, they are up 3.1% year over year which is a rise of 127 sales. However, total inventory is still down year over year down to a 2.6 month supply of homes.

The monthly report from the Charlotte Regional Realtor Association also shows that sales slowed between June and July. Sales are down 473 homes from one month to the next. This appears to follow a yearly trend. In 2016 there was a dip in sales of 785 homes between June and July.

The 2.6 months of inventory are down 25.7% from June of 2016 when there was a 3.5 month supply of homes. There were only 10,174 homes on the market at the time of the report as compared to 12,685 in July of 2016.

There are a few factors that are keeping a shortage of homes on the market. Sellers are not listing homes the same way. There is a trend of homeowners staying in homes longer, not trading up from a starter home, or just buying their forever home from the beginning. With a lack of supply in the market, it is hard for sellers to sell until they have secured their next home. This leads to a catch-22 where sellers won’t sell because they have nothing to buy.

Builders are not able to make up the gap fast enough to add supply to the market to keep up with buyer demand. There has been a labor shortage for builders so they are relying on a smaller pool of talent and that inevitably slows down building.

New listings are up 5.9% from 5,123 to 5,427. Pending sales are also on the rise from 4,068 to 4,724 representing a rise of 16.1% year over year. This is a strong sign that the market is going to continue on the current trajectory.

If you are interested in a home in the Charlotte area, give us a call at (704) 525-4045. You can also view current listings on our website here.