Waxhaw’s Providence Downs, Area 10/1 Market Report, March Prices Up
May 27th, 2009 Categories: Buy A Charlotte Home, Union County
Charlotte, NC. Last week I wrote that I thought Providence Downs and Providence Downs South were on the move. This morning, I checked the May activity so far, and found there were 9 new PD or PDS houses that went Conditional or Pending in May, 5 in PDS and 4 in PD. Yes- the skeptics will say there are still plenty of homes available, and that is true, but which homes do you think would sell first, the best ones or the trashy ones? The best deals are Selling now. 
Area 10/1, the western side of Union County that includes Providence Downs and PDS,
has had its best month in quite some time with 43 Pending or Conditional Sales. 23 of these home sales are under $400,000, 13 are for homes priced above $600,000, and 4 for homes priced above $1M- a good spectrum.
The popular under $400,000 includes the popular Hunter Oaks, The Reserve, Quellin and the new Millbridge. The over $400K category includes PD and PDS, Kingsmeade, Longview, Highgate, Woodall and a few others.
Prices have fallen, and buyers are making their best deals. Yes, inventories are high, but once you add all the things you like, the universe shrinks quickly. I had one this week buy in Providence Downs- Not included in the numbers above. Next week, I’ll detail the numbers on this deal, once fully ratified and on its way.
Yesterday’s Case-Shiller Index revealed Charlotte home prices were up .3% in March over February
reports The Charlotte Observer this morning, the only city in the 20 city index with an increase. Very modest, but nie to be in positive territory. Last city in, first city out.
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