The Charlotte Business Journal reported on September 14th that a new solar community is underway in Cotswold. Consisting of 24 homesites, ReAlta will be a great example of efficiency. Each contemporary home will have state of the art environmentally friendly features. Solar panels are just the start, they will also have energy efficient appliances, digital controls for lighting, HVAC, security and entertainment.
Builder Chelsea Building Group says they aim to “promote good health, feel comfortable and solid, be well-lit and ventilated, and use energy efficiently.” This is great news for buyers as they are always looking for ways to economize and have a smaller environmental footprint.
Homes in ReAlta will range from 2,350 to 3,980 square feet in 5 open floor plans. Features will include high end finishes and European Kitchens.
Located on Rama Road between Charing Place and Riviere Drive, ReAlta is a great location. Nearby is Rama Road Elementary School and a short drive away is Cotswold Village Shops. Just down Rama Road as it becomes Sardis Road are great dining options and the Fresh Market. SouthPark Mall is right around the corner with world class dining and shopping. Twenty-six minutes away is Charlotte Douglas International Airport. Uptown Charlotte is just five miles away making for an easy commute.
Homes in ReAlta are expected to range in price from $459,000 to $598,000. This puts most plans under the average sale price for Cotswold which came in at $596,308 last year. Current listings in Cotswold, of which there are 44, average $702,454. This makes these homes a great value for the area with a potential to appreciate quickly.
Builders are definitely seeing demand for communities that fit with today’s values. Buyers are demanding more environmentally friendly building materials and features. There are even developers creating communities surrounding foodie culture and village style living. It will be interesting to see what other trends appear in the housing market.
To read the entire Business Journal article, click here.