Myers Park, Dilworth, Foxcroft, Southpark, Ballantyne, Waxhaw, Lake Norman
How does the luxury home market break down in South Charlotte? What's happening with home prices?
The South Charlotte luxury home market falls along several fault lines, geography is one. Schools are another, Prices are moving up, but slower than much of Charlotte. I've put links to the homes on the market now with each group so you can see for yourself.
Close in-town areas like Myers Park, Dilworth and Eastover, are the historic suburbs of Charlotte. Known for the wide tree lined streets, the deep green canopy's shade these boulevards and gave the city on of its first nicknames, the City of Trees. Building began in earnest about 100 years ago, many of the trees date to those early days.
South of Myers Park is Southpark, first a mall, then a destination. Today, it is the 4th largest economic unit in the state, with major employment along with designer stores at Southpark Mall. Many of Charlotte's finest restaurants are in the Southpark area, from Phillips Place to Piedmont Row, or the Cheesecake Factory in the mall itself, Southpark offers a central location 20-25 minutes to the airport, and 15 minutes to Bank of America. Here are some the finest Southpark neighborhoods. Foxcroft homes for sale, Morrocroft homes, Pellyn Wood homes and more.
The Ballantyne area, and just beyond, the Marvin-Waxhaw area have been a favorite of relocating families for years. You will hear plenty of New York accents at Ballantyne Country Club or Longview in Waxhaw. Ballantyne is our latest "ring city" sitting at 485 and Johnston Road, and is home to major employers including MetLife, ESPN, Liberty Mutual, SPX Corporation, LendingTree.com, and many others. Marvin and Waxhaw, are just a short distance commute to Ballantyne, and a bit longer to Southpark.
The luxury home market also breaks down along build dates and price points. Ballantyne was built from 1995 to 2005, plus or minus a few years. Providence Country Club with its wide streets was the first suburban club built in the late 1980's. Our oldest homes in Eastover, Myers Park and Dilworth were built pre-WWII, and are in a constant state of renovation. Some are tear downs and new builds in the city.
Infill homes are alive and well, these are areas where there may have been a few acres and and an old house that was torn down, subdivided and 3 or more larger custom homes were built. These will have modern conveniences including top of the line kitchens and baths, open floor plans, and screaming curb appeal. You will like the houses- some of Charlotte's best designers, architects and builders have completed real masterpieces here.
Where do you want to live?
There are many variables, but that choice often comes down to where are you working, how much time you want to invest in commuting, and, if you have children, what are your school options. When Sealed Air chose a location, they picked the Arrowood Road exit precisely because employees could commute from all the aforementioned areas, and nearby lake Norman too. Lake Norman has rebounded nicely in the luxury market and just below $1M as well. I'm on the lake a dozen or more times per year, if you need to see a home from the water on Lake Norman or Lake Wylie, just let me know.
How are the homes priced? Check the links to see for yourself. You will notice all the real estate prices are very local, but most start from around $180/sf, and go up from there. All real estate is local, luxury property too! tm
The McDonald Group is a team of top agents working with buyers and sellers through out the Charlotte area, from Lake Norman to Waxhaw. Need some help? Call 704-351-1519.
Author:Cheryl Sileo Phone: 704-351-0978 Dated: September 29th 2015 Views: 2,341 About Cheryl: ...
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The McDonald Group at EXP Realty is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
The Group's core values are all about integrity and market expertise. We look out for their clients interest above all others. We are a learning organization, and big believers in training and lifetime learning. Sellers know us for our technological savvy, our aggressive marketing, and the ability to consistently beat the averages in Days on Market. Buyers love us, we never pressure anyone, yet were able to save our Buyer clients 44% off the market average in 2013- and now that the market has changed we win more than our fair share of multiple offer situations.
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