Charlotte NC| Sun City Carolina Lakes- Over 55 and Active? The Real Deal…
May 27th, 2008 Categories: Sun City Carolina Lakes, Terry's Top Ten New Home Communities
Over 55, Active Adult Real Estate in the Greater Charlotte Area. If you want amenities, Sun City Carolina Lakes in close-in SC is the real deal.
A client of mine saw this entrance and fell in love. (Pic taken on a fall grey day) That client closes next week! Congrats Nancy and John!
This is Part II of a series on Over 55 Active Adult communities in the “Greater” Charlotte, NC area… see part I, Four Seasons, here. So whats the attraction?
The climate obviously, golf is a 360 day sport here… some have grand kids living in Charlotte, some just think Florida is too hot (and hurricane prone) others love the ridiculously low property taxes…But really, it is all about the lifestlye... all the conveniences of city living in a golf -suburban setting, 25 minutes from a major Southeastern US city. 
Home Sales Starting to Move at Sun City Carolina Lakes
In the last 30 days, 2 homes closed, but 13 went pending- new contracts. Fence sitters are leaving the fence! There are several re-sale homes worth paying attention to, because they are on fantastic lots. I saw these earlier in the week in advance of a client coming to town.
The first is on Legend Oaks, it backs to the woods, and has a finished walkout basement. Almost 3900 sf, 3 be
drooms, 3 bath (easily a 4th if you needed it) the popular Willow Bend model, with stone front… Asking 422,000, I’d try 390K to get started.
Another is on Grandview, just a few doors down from the $500K models and sits on the golf course, this is also a Willow Bend, but with no basement coming in at about 2100 sf. Easy walk to the amenity center, or sit on your deck and watch the golfers go by. Excellent condition, many custom upgrades, sensibly priced at $375,850 , lets try $365,000.
Amenities- let me count the ways…
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Charlotte, NC|Sun City Carolina Lakes- A Deep Market Report of this Greater Charlotte Community Located in Ft Mill SC
February 12th, 2008 Categories: Charlotte New Home Developments-Builders, Over 55, active adult, Sun City Carolina Lakes
Sun City Carolina Lakes- What’s Up With the Re-Sale Home Market?
Some Re-Sale homes are asking higher prices, than the same model new construction… What? A Deep Market Report
Sun City Carolina Lakes in Ft Mill SC, an active adult resort style community is the fastest selling new home community in the greater Charlotte area. Del Webb’s popularity is well known, the lifestyle, the convenience, and the amenities are there for the leading edge of the boomer retirement curve. Charlotte’s popularity is no longer a secret either, and despite the nationwide downturn in real estate, Charlotte real estate prices are still increasing (13 of the last 14 months)and our market overall is quite healthy.
But homes for sale on the re-sale market in Carolina Lakes have frankly gone wild. Is it over eager agents pumping the prices to outlandish levels? Or, more likely, sellers demanding these prices, even as price appreciation has slowed in the region, and Agents not making their case effectively for realism in pricing? Prices in many cases appear to exceed similar new units. Folks, this won’t work!
People love Del Webb, but they’ll love it more in a New home than in a Re-sale home, the old story holds true here too. The most typical is that new homes carry a 5% premium over resale homes.
Lets have a closer look:
In the last 90 days there were 13 sales. Here is the median sale:
It was listed for for $350,345 dollars and had 2751 square feet, for a median cost per sf of $125.50.
Currently there are 11 Re-Sales and 22 new homes on the market. Lets Look at the re-sale homes first:
The 11 resales average in price is $166/sft, the average square foot price of the Solds was $125.00- the resale prices 
on the market now range from $118 /sf on a larger home, to $199/sft on smaller home- 1234 SFt. Of the Re-sales sold, 45% sold between $149 and 166 per sf. On the For- Sale Side, 81% of the homes ( 9 of 11) are priced between $149 and 199/sf. I guess it is the Lake Wo’ Be’ Gone of housing markets where every house is above average.
Well no it is not. Re-sale prices can not exceed the price of similar new units. Doesn’t happen, won’t happen and you are fooling yourself if that’s your position. This begs a question for both seller and buyer… Lets make it a Ask- The -Broker Question- When should you pay more, or sell for more? What makes a new home above average? Is it options? No, not really. There is no doubt some options hold all or part of their value- granite counters, screen porches, or additional HLA (heated living area) and hardwood floors come to mind.
Upgraded appliances? Upgraded lighting- the top package instead of a middle package? A top carpet upgrade? A jetted tub? Iron rails instead of wood rails? These are all great options that are popular expensive options thta add little to re-sale value. It is absolutely OK to buy these, as long as they are bought understanding that they are for the buyer’s enjoyment… but if something changes in their life and they want to move, they shouldn’t expect to get these options prices back. Won’t happen, each neighborhood has a price per square foot ceiling, beyond which there is very little return on investment.
The Answer to when you should pay more… or sell for more
When the property has what I call value- anchors, sometimes called intrinsic value. These are specific items that will… See the rest of the story or use the Red House to search for Sun City homes, look in Lancaster County SC– Search For Charlotte Real Estate Read the rest of this entry »
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Lancaster, SC| Sun City Homes for Sale
February 6th, 2008 Categories: Charlotte Community Reports, Sun City Carolina Lakes
Sun City Carolina Lake Homes for Sale
Del Webb’s Sun City Carolina Lake’s is an attractive choice for the active adult over the age of 55. Amenities abound with an 18 hole golf course and a 40,000 square foot recreation and meeting center. Located just 10 minutes south of Ballantyne, homeowners enjoy a golf cart lifestlye, low SC taxes and a lifestyle made famous by Del Webb. Close to Charlotte’s excellent medical facilities, 35 minutes to the airport, and about 35 minutes to the Panther stadium on a fall Sunday, Carolina Lakes offers villas, townhomes and single family homes. One young adult (over 19) are allowed with in the community with a family member.
Below are the Homes for Sale in Sun City Carolina Lake Community, in nearby Lancaster County.
There are 18 homes for sale for less than $250,000
There are 12 homes for sale for less than $350,000, but more than 250k
There are 9 homes for sale for less than $450,000, but more than $350k
There are 3 homes for sale for more than $450,000
If you’d like to find the perfect home for you in this community click on the red house and type Lancaster SC in the city field or call me, Terry direct at 704-351-1519
Thinking about moving to Charlotte? Facing a job transfer, a quality of life move, or just want to come for the weather?
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