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.

———————————————————–

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.

Related Posts

First time Home Buyers- 5 Steps to a Wise Decision

Time Running Out for Tax Credits and First Home Buyers

Charlotte-Mecklenburg Schools Update

Charlotte 2010- The News so Far

Bookmark to:

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

Follow me on Twitter @TerryMcDonaldRE

Charlotte’s #1 Video on You Tube- Introduction to Charlotte

Bookmark to:

Once again Sun City Carolina Lakes led the new home subdivisions in sales in 2008- the Del Webb concept of a self-contained, active adult, golf cart community, just 30 minutes from a major city (Charlotte) with a large airport, in low tax South Carolina, is a bright spot in an otherwise tough year for Pulte Home Corporation, the owners of the Del Webb franchise since 2001.

With over 500 sales, Sun City Carolina Lakes accounts for 5% of the new home sales in the Charlotte area.  So How did they do it? The dropped their prices- heavily and gave away a lot of golf carts!

Working from the Carolina MLS we get only a feel for what they sold their as they report only about 15% of their sales in the MLS- enough to keep people and Agents looking online. The Sold data is intriguing, to say the least.

Median Home Sale Prices At Sun City Carolina Lakes

Median Home sale price in 2007 was $344K, or $141 per sf on about 2443 square feet. In 2008, size and price were reduced, as buyers paid a median price of $122/sf on 1515 sf, or $184,830.  Median price per sf was off 13%, but average size was off 38% as well.

The range of prices were even more interesting: In 2007, buyers paid an average (median)  of  93% of list price, from $104/sf to 89/ sf.

But in 2008,  they paid a median price of 80% of list, paying between $90 and $162 per sf. .. Interesting indeed.

IT’S ALL ABOUT THE LIFESTYLE!   tm

——————————

Moving to the Charlotte Area? Carolina Lakes? South Charlotte, Waxhaw, Lake Norman, Fort Mill Perhaps? Your first Charlotte home?

I am a Charlotte real estate broker specializing in relocations, 2nd homes and first time home buyers–buying and selling real estate of all kinds- and will represent only you. My team works with Buyers and Sellers every day from Ballantyne to Lake Norman -and Fort Mill SC too. We work with all relocation companies. 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 represented Buyers in the largest foreclosure sale in Charlotte in 2008.  And I helped a handful of first time home buyers. I was the Top Agent in 2008 in our 800 + Agent firm, and won an award for customer satisfaction in 2008. We are flexible and at your service.

We are working to help you “buy smart” in Charlotte, and to make your relocation  easier and less stressful.

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

Charlotte NC Charlotte Relocation Guide Charlotte Real Estate Charlotte Luxury Homes

Bookmark to:

Charlotte NC    Fort Mill has seen increasing in popularity- from the immediate success of Baxter Village to the widening of I-77 in SC, to the decrease in property taxes in 2007, Fort Mill, SC (close by Charlotte NC) has been increasing in popularity and Springfield, by Crescent is the latest, and best entry. Maybe the best in Charlotte.

Springfield is a self-contained community of custom homes, built by  more than twenty of Charlotte’s best custom builders,  set around thae Springfield Golf Course in Fort Mill. A rolling countryside mixes with wooded lots and windy streets to  create a peaceful setting- a doctor I was showing homes commented last month that “it was the kind of community that a parent could let their kids ride bikes without fear.” Surrounded by historic properties, the quiet streets of Springfield speak to a time gone by in many places. Award winning Cunnane builders complements the community with their City collection of southern homes at the entry, providing a built in move up market for the custom homes.

Golf is affordable at Springfield, and amenities are King!

A $1900 family membership allows play at any time, to rent a cart is additional, and no minimums. It is a very competitive course… then they added their 5 acre recreation center, 3 pools, 6 tennis courts, clubhouse with party room and fitness center, a full time recreation director staffs the after school programs and runs swim team in the summer.

Activities include, for late November and December:   Ladies night out, Tree Trimming party and Potluck, Kids Movie Night, Weekly craft corner for kids, Family Bowling, a Teen Holiday Party, An Adult Holiday Party, aProgressive cocktail Party and more.

For the outdoor enthusiast, the 2300 acre Ann Close Greenway is across the street,

with trail access from Springfield, this woodland preserve has 32 miles of trails, an equestrian center designed for learning, and 3 lakes- with fish. That’s your backyard if you live at Springfield! As an example, Ballantyne , the whole area is around 2000 acres! Its been given to the city in perpetuity by the Close children, and can never be re-sold. Click to enlarge any of the thumbnail photos.

Crescent-Resources, the development arm of Duke Energy, has developed many of the finest communities in Charlotte. A learning company, each Crescent community represents the accumulated knowledge of the top of their industry, and as they try an make each of their new communities surpass their last one, they have created communities that are unequaled, here in Charlotte, or the rest of the country.

Here are a few of the custom homes– just about every style and elevation, some with basements, from the upper $600’s to $1,000,000, or a little over.  Just like everywhere, it is a buyers market on inventory homes!

Lots are from $145K and are about 1/2 acre, and some are still available. There is a good selection of completed or RTC, Ready to Customize homes as well. I’ll have  a detailed market report in a few days.

————————————-

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 and first time homebuyers–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, and Fort Mill 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 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

Charlotte Homes For Sale- Map & Community Based, over 20,000 properties for sale!

Charlotte NC Homes Best Value Under 500K

NC Lake Best Waterfront in Charlotte Under $2M

Charlotte, NC  An Introduction to the Queen City

Bookmark to:

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 bedrooms, 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…

18 holes of golf/putting greens and driving range

8 Tennis courts, 4 Bocce Ball

40,000 Square foot amenity Center includes: indoor and outdoor pool, exercise (equipment) room, exercise class rooms,Potting and woodworking, billiards, card tables (always a game) multiple meeting rooms (always a club) miles of walking trails, biking trails and this year opening a canoe/kayak center on a Catawba branch… not to mention our major grocery chain is building a grocery store now within golf cart distance- at the main entrance of Carolina Lakes! Yea Harris-Teeter.
There are great deals on new home inventory as well, though many of the lots are more challenging- but Pulte is making deals happen. I can help you there as well.

Considering Carolina Lakes? Moving To Charlotte? Please don’t hesitate to call me direct at 704-351-1519- we are buyer agents and always represent you, and you can always Search ALL Charlotte homes with my easy to use MLS search site for the greater Charlotte area (requires an e-mail)

Related Posts

More Sun City Carolina Lakes Pictures

Living in Charlotte

Sun City Carolina LakesCharlotte Home Prices- Steady as She Goes

Bookmark to:

Resort Style living at the Palisades, 1600 beautiful acres- golf, tennis, soccer, equestrian, boat club and more…

  this from a press release just out…

Charlotte’s Developer of the Year for two years running sweeps local awards and wins national acclaim while remaining the leading developer of high end new home communities in southwest Mecklenburg County

(Charlotte, N.C., March 27, 2008….) The data is in, and Rhein Medall Communities, North Carolina’s premier residential land developer, captured regional awards and national accolades in 2007, with their communities leading the market in new home sales in multiple categories. This includes The Palisades, which continued leading luxury home sales in southwest Charlotte for the fourth year in a row.

The Palisades, Rhein Medall’s award-winning master-planned golf community above Lake Wylie, led sales in 2007 in the Mecklenburg County section of the southwest growth corridor within the fifth quintile (homes priced $372,000 and above) with 68 closings, averaging $607,000 each, and total sales in 2007 of $41 million. The Palisades opened in 2004 and has consistently been southwest Charlotte’s leader in luxury home sales since the community’s inception.

 

Developer of the Year and another HomeArama

In addition to seeing strong sales in 2007, Rhein Medall Communities was named Developer of the Year by the Home Builders Association of Charlotte at their annual awards banquet held last March. Rhein Medall also won several other awards that night, including marketing manager of the year for Jenni Willis, who shepherds Rhein Medall’s marketing operations. This was the second year in a row that Rhein Medall was named the region’s Developer of the Year. 

This community is on my “Terry’s Top 10 New Home Community List“, and did lead the area the last 2 years in New Home Sales in SW Charlotte.  We are Buyer Agents and represent only you. Moving to Charlotte? Considering a Move? You can Search All Charlotte Homes or call me direct at 704-351-1519.

Related links

The Ranch at The Palisades 

10 Essentials of Buying a New Home 

A Remarkable Custom Home for 1.7M in the Palisades  (now available about 1.4M)

Bookmark to:

Sun City Carolina Lake, Del Webb’s extremely successful community in Ft Mill SC, is an easy commute to Uptown Charlotte, the Charlotte Douglas Airport, and just 10 minutes from popular Ballantyne. It is also on my “Terry’s Top Ten New Home Community List.”

Del Webb communities are known for their easy-living lifestyle, great amenities and excellent golf…the 1200 acre Carolina Lakes is no exception. Here are the highlights of this the most popular new home community in the greater Charlotte area: a 40,000 square foot recreation center which includes a billiard room, an exercise room, a half dozen meeting rooms for clubs ranging from poker to poetry, fine arts to woodworking, indoor walking, mileso fout door walking trails, a state of the art exercise room… plus of course an 18 hole golf course, 8 clay court tennis courts, and 4 bocce ball courts! Our Active Adult, over 55 category has several additional stories. This is an over 55 community but an adult child (over 19) can live with and adult over 55.

Sun City Carolina Lakes Homes For Sale

There are 30 homes for sale under $250,000, but over $200,000

There are 12 homes for sale under $400,000, but over $250,000

There are 4 homes for sale under $500,000, but over $400,000

The most expensive? Is a single family with over 4,000 sf, 4 bedroom, 3 bath, new home with an asking price of $494,950.

Like to see some additional Sun City Carolina Lake Photos?

Are you considering a move to Charlotte? Like to see more Charlotte Homes and Communities?

Want more Charlotte information? Search for Charlotte Real Estate…. If you’ve never visited Charlotte, try my video on the right hand column, it is fact-filled and has been well received. Then if you like try some of these category posts…

Fun Things to Do in Charlotte,

A related post- South Charlotte Homes For Sale and Appreciation Report.

Most folks like pictures, and I like taking them, so I’ve published more than 1500 pictures divided into 45 galleries, divided by community, area and fun things to do, see them at: Uptown Dilworth, SouthPark, Ballantyne Country Club, High Gate and more. (Pictures are of Charlotte at night on the left, and the light rail Lynx on right)

Concerned about the market? Here are couple of recent articles about the strong Charlotte real estate market by Forbes.com and ABC News

To learn more about me, and my business in Charlotte, visit TerryMcDonaldRealEstate.com, my easy to use search for houses, condos, land or multifamily~

Please don’t hesitate to call me direct with your Charlotte real estate needs and questions, 704-351-1519

Bookmark to:

South Charlotte Homes between $1.5Million and $2.0 Million: The Palisades, Ballantyne Country Club, High Gate, Piper Glen, Southpark, Myers Park– a South Charlotte tour de force!

I’ve spent the better part of last week preparing for a weekend client from the Pacific Northwest, a great family with young children ages 6 and 9. They looked at private schools Charlotte Country Day, Charlotte Latin and Providence Day, on Friday and we looked at homes in Ballantyne, High Gate, Piper Glen, Myers Park, SouthPark and the Palisades over the weekend.

For families moving to Charlotte, no decision looms larger than”Where To Live In Charlotte,”

the BIG question, sometimes asked, “Where would a family like ours be happy?” It is a big question because we have many very nice communities here-at every price point- yet until a family comes here and looks- it is a big question, and one each family has to answer for themselves. The same is true at $1.5 to 2Million, here is what this family decided…

To start, let the schools rule. The community has to be within a reasonable commuting/carpooling distance to the schools of choice. 2nd- The community has to have amenities, a place or places families gather where they can meet children and adults their own age- folks with young children– and amenities beyond golf as they are not big golfers. Both of these are wise and crucial choices that eliminate many nice communities, but keep the communities right for this family.

Two neighborhoods stood out- the Palisades and Ballantyne Country Club. Two former Homearama Houses, great values in the $1.65 M range caught their attention in the Palisades, one by Jas-Am, one by Regal in SW Charlotte’s fastest growing community. And they liked the feel and location of Ballantyne, we saw a large number of children playing outside.

See pictures here at my smugmug galleries: The Palisades, Ballantyne Country Club, Myers Park, SouthPark, High Gate

Bookmark to:

What sets this plan apart? Here are just the highlights.

Note the “close” street design, allowing so many lots in beige to have their own street.

The covered bridge is high left, the street exiting to Davidson- as well as walking trails connecting to miles of Davidson trails

Bottom middle, among the dark red retail/commercial businesses, is the main entrance- Catawba Avenue extended

The community is surrounded by a woods, more than 30 acres of wooded parkland. 9 mini parks within.

Purple- three story live work units

Town homes in yellow

Condos in orange, Transit Station at lower front, parallel to Rt 115.

Larger Map Link

Like a Larger look at the Village Center?

Plus, they’ve made a large number of sales (exact figures later this week) sicne their October Grand Opening. So there you have it, all the reasons Antqiuti mad Terry’s Top Ten New Home Communities.

like both builders, both sets of plans are appealing, and what a great time to get into a neighborhood early. Ask me for the appreciation reports of Old Davidson or Ardrey… very impressive indeed.

Like to see more of Antiquity, of Cornelius? Of Davidson?

Meeting Street Inventory Cunnane Inventory

See more of my smugmug galleries of Lower Lake Norman, Southpark, South Charlotte

Bookmark to:

Antiquity Details and Inventory Homes|Cornelius NC, at the Lower Lake Norman page

See the Meeting Street Homes, starting here.

See the Cunnane Homes, starting here

So if you haven’t figured it out, I think a lot of Antiquity. I like both builders, both sets of plans are appealing, and what a great time to get into a neighborhood early. Ask me for the appreciation reports of Old Davidson or Ardrey… very impressive indeed.

Like to see more of Antiquity, of Cornelius? Of Davidson?

Or more than 35 communities throughout the Charlotte area, visit Charlotte Community Photo Album or

Search for homes on Terry’s Easy to Use AllCharlotteHomesSearch

As most of you know, I am not a financial adviser, but a Buyer Agent broker with a keen interest in numbers and appreciation. Also, so you know, for transparency, neither I nor any team members have a listing in Antiquity, and I have $0 financial interest there at this time, I’ll let you know if that changes. As a Buyer agent, I recommend you purchase a home in a community where you and your family will feel at home, that is the primary consideration in residential real estate. If you have no agent, we would like to represent you. Our goal as a Buyer Agent is for you to be happy- not just the day you move in, but a year later too… that means a great home in a terrific community! Antiquity, and other Top Ten’s, qualify in general. tm
E-mail Terry

Bookmark to: