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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Charlotte New Homes- The Sanctuary on Lake Wylie, Inventory Report 11-08
November 8th, 2008 Categories: Charlotte Homes for Sale, Lake Wylie NC and SC, luxury homes in charlotte
Charlotte NC There are
Big Savings on Charlotte New Inventory Homes, Custom Homes and Luxury Real Estate in Charlotte NC- Here is what is available at The Sanctuary for closing by year end.
The homes below are from the Sanctuary, the area’s #1 Selling new home community in the “over $1M Luxury home” category. These are larger inventory homes that I could get great deals on before years end. Builders need to move these units, we NEVER pay retail, and in many cases we can buy them at or slightly above their replacement cost, a floor that can’t be lowered- and some will do more. And your savings with TerryMcDonaldRealEstate.com continue as well- we rebate 1) Any Realtor bonuses to you 2) Buyer commissions above 3% 3) on homes over $1M, there is always a 1% Rebate to the Buyer. So on a $500,000 home with a 4% commission, the Buyer gets a $5,000 rebate for using our excellent services (IMHO), that you probably would/could or should be using anyway, on a $1M home with a 3% commission, the buyer would receive $10,000 Rebate. Throughout Charlotte, custom homes, luxury homes, Custom Homes priced from the 400K’s, to a waterfront beauty at $2M.
See the link below for the top luxury home communities over $1M.
Recent Charlotte Luxury Home Market Reports: Myers Park, Dilworth, New Home Communites-Over 1M
Pictures of the Sanctuary (>60)
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Moving to Charlotte? Your first Charlotte home?
Have a home buying or home selling questions? I am a Charlotte real estate broker specializing in relocations, 2nd homes–buying and selling real estate of all kinds- and will represent only you. We work with Buyers and Sellers every day in Myers Park, Southpark, Matthews and Huntersville, Lake Norman, Waxhaw and Lake Wylie too. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not and where the deals are. I think as you read my posts you’ll see that we understand home buyer needs, from a first time home owner to a luxury home purchaser.
If you still haven’t figured out where you might want to live in Charlotte, you may compare area Charlotte home prices and communities, from our MLS based home search below. If you haven’t already, try my my fact-filled and well received Introduction to Charlotte NC Video (over 9000 You Tube views) and don’t miss the FAQ videos-answering the Big Question- Where to live in Charlote, or where to look for a luxury home in Charlotte? (in the right column just under the Introduction to Charlotte Video Screen)
If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry
Related Links (check the categories on left for more)
Charlotte Homes For Sale- Map & Community Based, over 20,000 properties for sale!
Charlotte NC Homes Best Value Under 500K
New Luxury Homes Over $1M- The Sanctuary Leads after 3 quarters
Charlotte North Carolina Real Estate- More Good Years Ahead
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Waterfront Beauty on Lake Wylie- A Bargain in Reflection Pointe
November 4th, 2008 Categories: Charlotte Homes for Sale, Lake Wylie NC and SC
A waterfront home on Lake Wylie with dock, stunning views, pier, close to the Charlotte airport, elegance in every room, over 8000 SF, at $1,999,000 a bargain
Lake Wylie, NCÂ Â Details are what set homes apart- and in custom luxury homes at this level, the details should be impressive… and they are. Check out the details in the pictures below at 3524 Ashwood Park in Belmont, the gated community is Reflection Pointe, in an up and coming area west of Charlotte, the most convenient waterfront to Charlotte’s Douglas International Airport.
Some of the details include: a large family home on the water, facing southwest with fantastic water views and access from over 100 of shoreline, great water views from all bedrooms, 12′ ceilings on the first floor, master on the main, a chef’s kitchen, covered boat storage, downstairs guest suite with full kitchen, extraordinary light fixtures, travertine upstairs and downstairs, exercise/theater room, huge storage area, dock, lift and covered boat area made with synthetic decking, large 2nd story bonus room and a view from just about every room.
The size, included items, waterfront location in a gated community should add up to a total in the mid $2M’s.  Have a look for yourself, and you be the judge.
 
 
This is a one of a kind home less than 30 minutes to the Charlotte Airport… easy in and easy out. Quality custom building costs $200/sf plus land in Charlotte. Developed waterfront lots like this one typically sell at 5-600K at Lake Wylie. It is ready in December.
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Moving to Charlotte? Your first Charlotte home?
Have a home buying or home selling questions? I am a Charlotte real estate broker specializing in relocations, 2nd homes–buying and selling real estate of all kinds- and will represent only you. We work with Buyers and Sellers every day in Myers Park, Southpark, Matthews and Huntersville, Lake Norman, Waxhaw and Lake Wylie too. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not and where the deals are. I think as you read my posts you’ll see that we understand home buyer needs, from a first time home owner to a luxury home purchaser.
If you still haven’t figured out where you might want to live in Charlotte, you may compare area Charlotte home prices and communities, from our MLS based home search below. If you haven’t already, try my my fact-filled and well received Introduction to Charlotte NC Video (over 9000 You Tube views) and don’t miss the FAQ videos-answering the Big Question- Where to live in Charlote, or where to look for a luxury home in Charlotte? (in the right column just under the Introduction to Charlotte Video Screen)
If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry
Related Links (check the categories on left for more)
Charlotte Homes For Sale- Map & Community Based, over 20,000 properties for sale!
Charlotte NC Homes Best Value Under 500K
New Luxury Homes Over $1M- The Sanctuary Leads after 3 quarters
Charlotte North Carolina Real Estate- More Good Years Ahead
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NEW Charlotte Homes Over $1Million| The Sanctuary is in First Place in 2008
October 24th, 2008 Categories: Charlotte Homes for Sale, Lake Wylie NC and SC
The Sanctuary on Lake Wylie is Leading the Charlotte area in New home Sale over $1M after 3 Quarters…
Charlotte, NC But its a close race… In a year when many thought the Charlotte “over $1M home sale” was dead, three communities have done quite well. The Sanctuary by Crescent Communities has a small lead over the Club at Longview and both have a bit larger lead over The Point on Lake Norman. This is interesting because of the closeness of the race between the Sanctuary and Longview, and the great contrast between the communities.
The Club at Longview is quite obviously a country club, and quite a
spectacular one at that- with the areas only Jack Nicklaus Signature golf course, and a clubhouse and “family play center” that is hard to find anywhere at any price. Large homes on long fairways abound. Here is a past Longview Country club post
The Sanctuary takes a different view, and provides space for families to spread out, to grow, and the ultimate in privacy with homes situated on a minimum of 2.5 acres, many are on 3, 5, or even 8 acre estate sites. (There were 2 waterfront sites at 10 acres each!) More on the Sanctuary here
The compiling of these stats were not entirely scientific. I used the MLS, requested information on any unlisted custom homes, an my own personal knowledge of sales in each. I’ll do better for the year ends!
Cost per square foot? These two Charlotte luxury communities are just about tied-
of the 10 properties for sale at the Club at Longview, the average sales price is $2,131,000 and $307 per sf. The Sanctuary? The 4 homes here average $1,880,000 and $295 per sf.
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Moving to Charlotte? Your first Charlotte home?
Have a home buying or home selling questions? I am a Charlotte real estate broker specializing in relocations, 2nd homes–buying and selling real estate of all kinds- and will represent only you. We work with Buyers and Sellers every day in Myers Park, Southpark, Matthews and Huntersville, Lake Norman, Waxhaw and Lake Wylie too. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not and where the deals are. I think as you read my posts you’ll see that we understand home buyer needs, from a first time home owner to a luxury home purchaser.
If you still haven’t figured out where you might want to live in Charlotte, you may compare area Charlotte home prices and communities, from our MLS based home search below. If you haven’t already, try my my fact-filled and well received Introduction to Charlotte NC Video (over 9000 You Tube views) and don’t miss the FAQ videos-answering the Big Question- Where to live in Charlote, or where to look for a luxury home in Charlotte? (in the right column just under the Introduction to Charlotte Video Screen)
If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry
Related Links (check the categories on left for more)
Charlotte Homes For Sale- Map & Community Based, over 20,000 properties for sale!
Charlotte NC Homes Best Value Under 500K
Charlotte North Carolina Real Estate- More Good Years Ahead
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The Palisades at Lake Wylie- Ryan under $400,000-Great Home
August 29th, 2008 Categories: Lake Wylie NC and SC
Ryan at The Palisades- Popular Floor Plans Plus Palisades Amenities
Charlotte NCÂ Â Â Â Â Â Ryan homes offers two communities at the Palisades, Briarcliff and Morningside, in the Palisades, that you can build a new home in the under $400K range, some as low as the 350’s. Offering their sunroom for “free” ( a 15K Option they routinely offer as a throw in) Ryan is offering the new home models people love to buy- even in this market! As other builders wither, Ryan is holding up strong in the Charlotte area and will, more than likely, be the largest volume builder in Charlotte in 2008 again.
Ryan does not build inventory homes, (TYPICALLY- but if you love their models, there are some Inventory- Ready Now homes available- call me for details)Â so everything is built to order, taking 5-7
months. They do accept contingencies, and contingencies falling through act as their “inventory.” On the model tour, always ask “What is an option?” because Ryan is notorious for needing $50 to 80k in “option”s other builders often consider standard.
Three caveats to buying a Ryan home? (Summarized from my 10 Essentials for Buying a New Home)
The best homes are part of a bigger community- like these two- at the Palisades. Communities add more to long term value than builders, and the Palisades is a winner, a Terry’s Top Ten Community in Charlotte.
As always – do not buy the first house in (no matter what the incentives) and do not buy the most expensive home in the neighborhood… your best position is always the least expensive home in the most expensive neighborhood you can afford.
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Lake Wylie Homes|New Homes at The Palisades On Lake Wylie for Under $400000
August 21st, 2008 Categories: Charlotte Homes for Sale, Lake Wylie NC and SC
Ryland Homes, OVER 3800 SF New Homes for Under $400K at the Palisades!
By now, just about everyone in Charlotte knows The Palisades, the country club with resort style amenities on Lake Wylie, just 25 miles from Uptown Charlotte. There is a natural beauty in the 1600 acres of rolling hills, tall trees and their visible commitment to Audobon International’s Green Community designs…
But it is the amenities most folks remember the best- and what amenities! Miles and miles of paved biking trails, walking trails and unpaved horse trails… then there is the Tim Wilkinson Sports Center- a fitness center plus 7 Tennis courts, plus the only grass court in Charlotte, home to the Jim Courier Tennis tour (see below) Plus a resort style pool, a Nicklaus designed championship golf course, soccer
fields of Charlotte United Futbol, an on site private school and an on-site public elementary coming in 2010. Site of Homerama ‘08 (see below),it made my Top Ten New Home Community List in 2007. In time it is the next Ballantyne, developed greener in a more natural setting, and made more affordable by the variety of neighborhoods. For more information find out why I named the Palisades to Terry’s Top Ten Communities in 2007, or when it was announced they’d sold the most homes in Southwest Charlotte in 2007.
I’ve a client from Minneapolis with 2 children, the husband has accepted a territory in the Carolinas, and his company would like him
to live in Charlotte. His wife found me on the Internet- where else? And they called last weekend. We took one day and did a rapid survey of South Charlotte and Union County, they liked much of what they saw, but we had talked about the Palisades, and their desire for an “outdoor” lifestyle-after all its one of the reasons they want to move to Charlotte: their family loves to walk, hike and explore- loves golf, they own a boat and two kayaks–with that in mind I told them they had to consider the Palisades in southwest Charlotte.
And off we went to the Palisades and they fell in love almost immediately. Ryland, had several floor plans of interest but the one they liked the most- the Rossendale, isavailable with a 3rd floor bonus – they want that as an office for her husband, and they loved the big bonus on the 2nd floor, large master and very comfortable greatroom-eat-in kitchen- kitchen area. We were helped by an extremely knoweledgeable on site (builder) agent, and shown a few lots, some were quite “buyable.”
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Charlotte Real Estate Updates- August 4 2008
August 4th, 2008 Categories: Buy A Charlotte Home, Lake Wylie NC and SC
Homes ARE Selling in Charlotte, South Charlotte and Lake Wylie
This past week, 7/27-8/2/08, 565 homes sold in the 15 county Carolina MLS, and the average cost per square foot sold fell to $110/sf. Last years stats were 719 homes sold at an average of $114/sf– so sales have slowed by 21% (this is an improvement over the near 30% drop we’ve experienced through the first six months) and the 3.5% decline just cuts into gains made in 2007. The more precise Case-Shiller, ranks Charlotte best in the nation again, with a .2% drop in overall prices in June, and PMI affordability index of 114–which means, regardless of the rest of the country, Charlotte real estate is just in a slow down, not downturn and because more folks can afford the average price home here, we are not going to see the major price declines that have occurred in some parts of the country.
Also in the week ending 8/2/08, 14 Homes Sold (closed) in Lake Wylie, and 28 Homes sold in the Lake Norman area, two were above $1Million.
A total of 9 homes sold in the over $1M price range, 4 in South Charlotte (Myers Park, Dilworth, Southpark) and the rest spread out among the usual suspects- the Point, The Sanctuary, the Club at Longview…
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