The Palisades- A Terry’s Top Ten Community
March 15th, 2010 Categories: Buy A Charlotte Home, Communities Under 750K, Lake Wylie NC and SC, Terry's Top Ten New Home Communities
The Palisades in Charlotte- an Amenity Rich, Green, Golf Community at Lake Wylie
The Palisades is a resort style community just 20 miles and 30 minutes to uptown, and has been on my Terry’s Top Ten Communities for Charlotte since 2005. Thankfully, they installed the amenities before this recession hit, and they have enough homeowners for a viable community. However, they have a few large problems areas, and there is a new team coming to address the problems and start anew.
Speaking of amenities- A Private Golf club, an exceptional Tennis program featuring Tim Wilkinson, a stunning swim center, a beautiful clubhouse, Charlotte’s only Boat club-the Carolina’s Boat Club, miles of walking trails, horse trails, creeks and the rolling hills and wooded lots
Like many communities, it has been hit hard by the economic recession. But parts of the Palisades are rebounding, and others are just adjusting to a new price reality.
Homes Sold Under $500,000 at the Palisades
In the under $500,000 market, sales improved nearly 100% over 2008, with only a fractional- under 2%- decrease in average cost per square foot from 2008 levels. Homes in the Palisades sell at a small square foot premium over other similar homes in zip code 28278 at $102 per sf, however the Palisades median price of $389,985 is considerably higher than the 28278 median of $284,803.
Homes Sold for Over $500,000 at the Palisades
Sales in the last 6 months of 2009 in the over $500, 000 category were off by 50%, but prices increased over 2008 by almost 9% to an average of $148 per square foot.
Much of what is left in Ashton Oaks is in foreclosure; 2 on the MLS today and our listing on Grand Palisades is a short sale. There are deals here.
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Need help at the Palisades? With a Charlotte short sale?
We are expert in the sale and acquisition of short sale homes. We know the banks, the situations and the likelihood of success. Call us for a free consult, we can in most cases stop foreclosures. Please note, you can not purse a loan modification and a short sale at the same time, banks don’t do this. If you need to get out, or would like to buy a short sale home, call us direct at 704-351-1519.
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Brookhaven New Homes Amenities- a Flip Camera Adventure
January 2nd, 2010 Categories: Communities Under 750K, Communities Under500K, Terry's Top Ten New Home Communities
I began shooting homes and communities with my new Flip camera in September- I found these clips rummaging through my computer at the New Year… so I thought I’d share, they are better than I first thought.
Congratulations to Brookhaven home sellers with 12 home sales in the 4th quarter of 2009.
Brookhaven in Matthews, has been a long time favorite- a Terry’s Top Ten, for new homes and resales in the $400-$800K price range
the majority of homes are in the $550-$650K. Building by John Wieland began in the 2004, and became their most successful community of all time. The Amenity center is one of those reasons- short of country club, there isn’t any community in Charlotte with better amenities AND it’s better than many country clubs- have look from the outside.
HOA fee’s? Under $1000 per year. That is not a misprint!
Year End Brookhaven Market Report
John Wieland has all but completed sales here- they are down to their last 10-15 lots, some of which, surprisingly are very good. New prices are ranging from the middle 600’s- $659 to $699.
There are 27 homes for sale in Brookhaven from $334,000 (hardiplank) to $950,000, the median is $569,000.
Terry McDonald
704-351-1519
The McDonald Team, Wilkinson and Associates, Broker
Relocation, Distressed Properties, First Homes, Luxury Homes
Top Team 2006, Top 10 2007, Top Agent 2008
LinkedIn: www.linkedin.com/in/terrymcdonald57
http://www.TerryMcDonaldRealEstate.com
http://www.CharlotteCommunitiesOnline.com
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Charlotte’s #1 Video on You Tube- Introduction to Charlotte
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