Charlotte Homes For Sale Under $350000 University City Area
April 20th, 2009 Categories: Buy A Charlotte Home, Charlotte First Time Home Buyers, South Charlotte, University City
One of Charlotte’s most popular areas to live and work is the area known as University City- First time home buyers, move up buyers like the convenience in this area north and east of Uptown Charlotte around the beautiful and growing campus at University of North Carolina at Charlotte. This is another of our Charlotte Homes for sale, homes sold reports.
University City Homes for Sale
There are 76 homes for sale for under $175,000, but more than $100K- median price is 140K on aabout 1650 sf, or median prices $85/sf- ranging to over $100
There are 50 homes for sale for under $250,000, but more than $175K- median prices of $215kon about 2500 sf, or 86/sf, raning agian to slightly over $100 for new and best
There are 23 homes for sale under $350,000, but more than 250, with median prices of $296K on about 3200 sf, or 93/sf, as most of these are luxury homes in communities with more amenities.
University City Homes Sold
There were 41 homes sold in the University City area since January 1, with a median cost per sf just under $70.
Obviously, It remains a strong buyers market for single family homes here. Sales to date- from a seasonally very slow time of year, don’t translate well for those interested in absorption rates, but this months- April- results will be telling. It is till possible to see some winners and losers so far, I’ll start with the winners.
Ranch homes for one- the are all among the highest cost per sf, they are keeping their value better, selling between 86 and $160/sf.
Subdivisions?
Mallard Woods had 3 sales, ranging from $86/sf and up
Huntington Ridge 3 sales $131-$162/sf (ranches)
Leslie Farms $98-102
Subdivisions that lost ground include Withrow Downs with 5 visible foreclosures, Mallard Lakes a couple of foreclosures–in both cases foreclosures brought the median prices down in the $40’s
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Skilled Buyer Agents with Smart Buyers make great deals happen! We provide detailed analysis prior to all offers, and take a lot of the guess work out. Plus, we know where the steals and deals are! The McDonald Team 704-351-1519
Related posts
Fort Mill Homes Under $250,000
University City Townhomes-1st Quarter Results, Market Report
First Time Buyers- A Charlotte Stimulus worth $9000Â from the McDonald Team-
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University City Townhomes – Whats Hot, 1st Quarter 2009 Results
April 11th, 2009 Categories: Buy A Charlotte Home, Charlotte First Time Home Buyers, University City
A Charlotte Homes Market Report- University City Townhouses For Sale, Townhomes Sold
The University area, roughly the area in a 3-4 mile radius of the intersection of Rt 485 and Harris Boulevard, is one of Charlotte’s most important business areas-and one of Charlotte real estate’s most active areas. The first quarter was no different, townhouse sales here down 50% from last year, but prices are relatively firm, retreating to 2006 levels for median pricing. This speaks to the solid underlying values here, perfect for the first time home buyer.
University Townhouses For Sale, There are 236 Townhouse for sale, the median price is $110,500.
Lowest quarter prices:
59 Townhomes for sale form $35K-88K
59 Townhomes for sale from $89-$110K
59 Townhomes for sale from $111-$134
59 Townhomes for sale from $135K-$248K
University Townhomes Sold, there were 44 University City townhomes sold in the first quarter of 2009, the median price was $90,0000, the median cost per square foot was $67/sf-
with a ranged this way:
Lowest quarter Sold: $35-$59
2nd Quarter $60-$67
3rd Quarter $68-$80
4th quarter $80-$136
Hot University City Communities
None are “blazing”, but there are some trends,
3 Sales each
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Charlotte NC: The Healthiest Housing Markets for 2009 Charlotte 13th
February 19th, 2009 Categories: About Charlotte, Buy A Charlotte Home, Charlotte Homes for Sale, Lake Norman Real Estate, South Charlotte, Union County, University City, mortgages
from Builder Magazine, about Charlotte NC. Things are tough here too, but we are buying and selling homes! It is of course a strong buyers market.
Builder, in conjunction with Hanley Wood Market Intelligence, debuts its metric for determining markets with the best and least potential.
by
Boyce Thompson
With most economists and builders expecting a national market decline this year, this may not seem like the best time to be selecting the “healthiest” markets in the country. Virtually every market was down last year. But a close look at the numbers reveals that some markets have way outperformed others during the last four years and are likely to continue to do so this year.
13. Charlotte, N.C.
2008 total building permits: 12,231
People and businesses must love Charlotte, because they are moving there at a high rate. The metro area of 1.74 million has grown its residents by 4 percent annually over the last five years, one of the highest rates in the country. They are drawn by relatively affordable housing for the east coast—median home prices are only $210,900, and they’ve only “corrected” downward by only 4.2 percent in the last year. A strong fourth quarter helped Charlotte record 12,231 permits last year, only a 44 percent decline since 2005. Charlotte’s strength relative to other markets led the investment banking firm UBS to predict last year that it would be one of the first markets to recover from the housing downturn. Charlotte is still a single-family market, with 62 percent of the residential activity in stand-alone homes. The job market in this banking hub contracted last year, after growing 3 to 5 percent annually the previous three years
When the housing market stages its official recovery, the markets listed on the following pages are likely to lead the parade. …The healthiest markets have many things in common. Most of them are great places to live… Most of them didn’t have a huge run-up in prices during the boom and aren’t experiencing rampant deflation during the bust.
To compile these lists, we analyzed the top 75 housing markets in the country. We ranked them based on population trends and job growth, perennial drivers of housing demand. We also examined what’s happened with home prices; many of the healthiest markets have managed to hold the line on home values. And finally, we considered the rate building permits, which may be the single best ongoing indicator of builder confidence in a market.
Builder Magazine,the full story
Most of the cities in the top ten are in Texas, and other similar markets that didn’t have th high run up in pricres found in Flordia, California, Nevada and Arizona. My 2009 Charlotte Real Estate Market forecast
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Moving to the Charlotte Area? 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
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Charlotte, NC|Great Townhome Values In University City Area
January 24th, 2008 Categories: Buy A Charlotte Home, University City
What can you buy in the University City Area of Charlotte for under $150,000? Quite a lot actually…
First time home buyers, investors and 2nd home buyers take note- these University City townhouses have a lot to offer, and are located between University of NC at Charlotte and Lowes Motor Speedway, 5-10 minutes to each.
I mentioned last week that I had a home buyer put a contract in at Mallard Lake Townhomes, pictures on left, and get a great University City townhouse. Well I took a few pictures of some of the other town houses in the area, and put together this report. 
There are 54 Townhomes for sale under $150,000, the median price? $112,000
There are 14 townhomes for sale under $200,000, but more than $150,000. The Median? $164,900
There are 3 Townhomes under $250,000, but more than $200,000. The most expensive? $219,900 for over 2500 sf.
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Charlotte, NC|Mallard Lake Townhomes A University City Bargain
January 23rd, 2008 Categories: University City
A Townhome Bargain at University City in Charlotte? You bet!
Last week working with a 2nd home client I discovered the *McCar Homes project Mallard Lake, just off 485 at Rt 49, a townhome-townhouse and single family community in the heart of the University area, 3 minutes off 485. What a great deal! And they have a few more.
They have 4 Inventory homes at this writing- and this is where the deals are (see below) They are classified as Inventory, but have late spring/early summer delivery dates. There may be something sooner, call me. They are ALL 3 story with a garage on the first floor, deck off the 2nd floor, hardwoods, granite and tile backsplash, most with a guest room and full bath on the first floor, as well.
A Chestefield, with 4 br, 3.5 ba and 1959 sf at $162,130- ideal for a first place or 3 student rental
An End Unit Greenfield,, 1,959 sf, 3br/3.5 ba, $163,800
And two more units less than $161,000…
As to the deal, inventory is where it s at if you are looking for a bargain.
These units are selling quite well, and their proximity to I- 485 and the University of North Carolina at Charlotte are very strong value anchors- the units are very well done, the value fundamentals are excellent… so what are you waiting for? Call me and lets go see these. 704-351-1519Â Search for Charlotte Real Estate…
*I am not affiliated with McCar homes in any way, I represent buyers. I have had multiple buyers have good experiences with McCar, or I wouldn’t have written this post- but remember they are new home builders! 
Thinking about moving to Charlotte? more links and photos, read on Read the rest of this entry »
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