The number of homes sold during the month of October increased 13.4% compared to September and 19.6% above the level of home sales for October a year ago. The average selling price for the month decreased 0.3% from prior month, but was down 9.5% from a year ago. The first time homebuyer tax credit has been effective in stimulating local home sales and the market prices seems to have leveled off for now.
The average price reduction on home sales for the month of October was 9.8%, compared to 10.5% in September and 8.7% for October a year ago.
Total inventory of active listings decreased 13.5% for the month compared to September and 16.5% below that of October, 2008. An increase in home sales for the month of 13.4% combined with an increase in withdrawn listings of 23.6% helps to explain the loss of available inventory.
A reduction in available homes for sale will have an offsetting effect in the “buyer’s market” we have seen over the past several years. This may help to explain the leveling off of home selling prices, and it will be interesting to see how this might effect the overall Charlotte market in the coming months.
The extension and expansion of the homebuyer tax credit will surely have a positive impact, not only in the starter home segment of the market, but also in the group of homeowners who wish to “move up” to their next home purchase. As this bill takes effect, we may see inventories increase and selling prices continue to stabilize in the Charlotte area.
The best new home value in Springfield is now aggressively priced at $649,900, a $150,000 reduction in the original price. With over 4,300 square feet of living space, there is plenty of room for everyone in this great Evans Coghill home. Located in beautful Springfield, Fort Mill's premier golf community, on a home site that adjoins an undisturbed wooded buffer, you will enjoy the privacy of your rear porch and room in this home.
Look at the features of this fabulous home:
Full unfinished basement
5 roomy bedrooms and 3.5 baths
Master Bedroom on the main level
Large open kitchen with stainless steel appliances and granite countertops
Bright breakfast room or sunroom overlooking wooded backyard
Built in cabinetry in Family Room
Large formal dining room
Cozy library
Family Activity Center large enough for a pool table and seating
Hardwood flooring throughout living areas
3 car garage
Timeless homes and an enduring reputation has made Evans Coghill Homes a preferred builder in some of the Carolinas most successful neighborhood developments, raising the bar for quality construction and proving demand in previously untested markets. Evans Coghill Homes built a reputation for building classically designed homes with traditional elevations. Their homes are especially attractive to buyers who want right-size living. This home is representative of Evans Coghill Homes' commitment to quality construction and customer satisfaction.
Don't miss this opportunity to live in a highly sought after Fort Mill golf community and enjoy the best schools in the Charlotte metro area.
Elementary School: Springfield Middle School: Springfield High School: Nation Ford
Click Here for a Virtual Tour of this Wonderful Springfield Home.
Taylor Glenn, located in popular Indian Trail, offers a family-oriented environment with lighted streets and sidewalks on both sides of the streets. The neighborhood amenities include two playgrounds, lighted tennis courts, a soccer field, a kiddie pool, and an Olympic size pool with a lifeguard.
The Taylor Glenn Community has nearly 400 homes which includes a small section of townhomes. The single family detached homes are mostly 2 story with a few ranches and 1/5 story, and range in size from 1800 to 3500 square feet with three to five bedroom floor plans. Pricing ranges from the high $100,000’s to the high $200,000’s and would fit the budget of the first time home buyer or the those wishing to move up in price or location from an existing home.
Located in the Charlotte metropolitan area, Indian Trail is a growing community that has plenty to offer new and established residents. The city survives and continues to grow because the local government nurtures the manufacturing and retail businesses in the area, as well as the residents, ensuring that everyone's needs are truly met.
There is plenty to do in and around the area of Indian Trail. Local residents enjoy a host of outdoor activities, such as horseback riding, baseball, soccer, swimming, and other sports and activities. As part of Union County’s continuing growth, the Taylor Glenn Neighborhood is close to shopping, the Levine CPCC Campus, and a short drive from Uptown Charlotte.
Elementary School: Sun Valley Middle School: Sun Valley High School: Sun Valley
Click Here to view available Homes for Sale with area map in Taylor Glenn
Just a few miles south of the Charlotte city line in Mecklenburg County you’ll find the charming suburban town of Pineville. Pineville is best known as the birthplace of James Knox Polk, the 11th president of the United States. It also has a significant place in the history of the area and of the local Indians who dwelled here.
Known for its laid back small town lifestyle and being Charlotte’s closest neighbor, Pineville also offers a mild year-round climate, gorgeous landscape, low crime rate and a flourishing economy. Pineville has a small town feel with a quaint Main Street all its own, and antique and specialty shops with something for everyone.
Pineville is also home to the Cardinal Woods Neighborhood, a community of 187 homes and 9 homes in Cardinal Woods estates. Cardinal Woods is in an ideal location, near Carolina Place Mall, Ballantyne, Carowinds, and a short hop from Uptown Charlotte via I-77 or LYNX light rail system.
Homes in this wonderful neighborhood range from 1800 to 3000 square feet and are priced from the high $100,000’s to the low $300,000’s.
Elementary School: Pineville Middle School: Community House High School: South Mecklenburg
Earlier this week, the U.S. Senate unanimously passed an extension and expansion of the homebuyer tax credit. This morning, the House of Representatives approved the agreement reached in the Senate by a vote of 403-12. The bill has now passed both chambers and is awaiting the President’s signature, which could be as early as tomorrow!
Below is a summary of the new modifications in the extension and expansion of the tax credit:
1) The $8,000 tax credit will be extended and available for first-time purchases before May 1, 2010.
2) A new $6,500 tax credit will be available for repeat buyers who purchase between December 1, 2009, and May 1, 2010. To qualify for this provision, buyers must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.
3) Prospective purchasers with binding contracts in place as of April 30, 2010, will be allowed an additional 60 days to complete the transaction.
4) Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.
The time could not be better to buy your first home now that prices and interest rates are still down. Consult your Realtor for more details on how to take advantage of this golden opportunity.
Here is a beautiful 3 bedroom, 2 bath ranch in a growing area of Charlotte. The Fairways at Pawtuckett neighborhood is close to I-485, a brand new shopping center with Food Lion and other great stores, as well as U.S. National Whitewater Center. Also nearby, you have schools, churches, and more.
This wonderful home features an open floor plan, and has recently been remodeled with new HVAC, new appliances, and hardwood floors. The house is situated on a large cul-de-sac lot with a level, fenced backyard and plenty of room for the kids to romp around. The exterior is maintenance free vinyl siding and trim, so no more painting!. It has a 2 car garage with opener and remote. A washer and dryer are also included in the sale. Agent/owner
Elementary School: Pawtuckett Middle School: Coulwood High School: West Mecklenburg
Click here for more information about this home including inside photos and locator map.
Come home to a fabulous South Charlotte neighborhood with pool and cabana, located in historic Waxhaw, North Carolina. Providence Grove is located within the highly acclaimed Union County school district with students attending Kensington Elementary and the brand new Cuthbertson Middle and High Schools.
This wonderful community offers spacious ranch and 2 story homes with three to five bedrooms on lots ranging from 1/3 to 1/2 acre in size, including basements. This combination of quality, lush surroundings, and distinctive, spacious homesites is unmatched in this amazing Union County location.
Many of the homes in Providence Grove have a number of custom features in including mud room downstairs, premium cabinetry in kitchen, extensive hardwood flooring and much more! You’ll also find a bonus room upstairs and three-car garage in some homes. Many homes feature an open and dramatic two-story foyer which greets you when you enter and leads you to unbelievable floor plans.
Homes in Providence Grove range in size from 3000 to 4000 square feet and are priced from $275,000 to $375,000.
Elementary School: Kensington Middle School: Marvin Ridge High School: Cuthbertson
This wonderful KB Home community is one of Charlotte's hottest communities! It features a pool and cabana, lots of common open space, and a beautiful lake on property. In fact, you're only a short drive to Lake Wylie with all the boating, fishing, and water recreation that it has to offer.
The homes range in size from a 1,400 square foot ranch to a 3,000 square foot 4 bedroom two story home with 2 car attached garage. Pricing ranges from the $150,000’s to the $230,000’s.
Hamilton Lakes also features a great selection of shopping and entertainment which is conveniently located in either Rivergate or Ayrsley Shopping Centers. To get to Hamilton Lakes, travel south on Highway 49 (South Tryon), turn left on Highway 160, and then take a left on Hamilton Road. Hamilton Lakes will be on your left.
Elementary School: Winget Park Middle School: Southwest High School: Olympic
In the early 1900s, Plaza-Midwood grew from several developments that were started by various interests. But challenges slowed its growth. In Dilworth and Elizabeth, bridges were built to carry the trolley over or under railroad tracks. But Plaza-Midwood commuters didn't have a bridge, and a busy track at Central Avenue meant frequent waits. Plaza-Midwood residents also had to transfer to a separate streetcar line that was battery powered, unlike the electric lines that served the other neighborhoods.
In 1910, a group of businessmen purchased land for a golf course out in the country on the north side of Central Avenue. In 1917, it became the Charlotte Country Club, the city's oldest country club. Land developed west of the clubhouse was planned for a subdivision, but city leaders didn't embrace the neighborhood for their homes until they could depend on their own automobiles for transportation.
Today, being able to get uptown quickly is still one of the reasons people choose the community that's bordered by Central Avenue and The Plaza.
The changing face of the neighborhood includes the new $400 million Morningside Village development that will replace a 1950s-era barracks-style apartment complex. The 32-acrea project will include small condos to penthouses, plus retail and commercial space.
With Shamrock Gardens Elementary School as the home school for Plaza-Midwood, families with elementary students have move out of the neighborhood in recent years to send their children to schools with higher test scores. But a new movement in the neighborhood is underway to get volunteers with the school and assist with fund-raising efforts. Parents who have chosen to keep their children at Shamrock Gardens are encouraging other families to get involved and make a difference in their children's education.
With all three communities ranked as stable on the city's quality of Life index, the early years of the 21st century will go down in history as a time when Dilworth, Elizabeth and Plaza-Midwood again enjoyed good times. And although residents will come and go, many who live there now are lese neighborhoods home.
Plaza-Midwood offers an eclectic blend of new, renovated, and fixer-upper ranch-style, 1.5 and 2 story homes ranging in size from around 800 to over 4000 square feet and priced from the low $100,000's to the $600,000's.
Located just five miles from the North Carolina border and only a short distance from The Queen City of Charlotte, Del Webb’s Sun City Carolina Lakes is just minutes away from shopping, dining, entertainment venues, and award-winning medical facilities. Everything you need for your invigorating, active life style, including the Charlotte Douglas International Airport, is within your reach.
Sun City Carolina Lakes offers the best in senior living lifestyle and provides residents with unlimited opportunities to learn something new, be creative, shoot some pool, or sit at The Lake House and enjoy the company of new friends and neighbors.
Located within Lancaster County, and only a short distance from Charlotte, North Carolina, the Sun City Carolina Lakes property consists of 1,512 acres of rolling green forests and dotted with 10 pristine lakes and ponds. It is also home to the Carolina Lakes Golf Course which meanders through the community.
In addition to the championship 18-hole golf course, Sun City Carolina Lakes has a host of other amenities. They include a resort-style pool, 8 water-cooled clay tennis courts, 4 bocce courts, 2 pickle ball courts, horseshoe pits, badminton courts, an outdoor pavilion, an amenity lawn, a boardwalk along the wetlands, community gardens, a dog park, and a woodworkers shop!
The 40,000-square-foot recreation center, the Lake House, is the community activity center and is comprised of a state-of-the-art fitness center, an aerobics studio, an indoor lap pool, an indoor walking track, a ballroom, a demonstration kitchen, a billiards room, a pottery studio, a library/computer room, craft rooms, and numerous classrooms where clubs can meet.
Homes in Sun City Carolina Lakes range in price from the $100's to the $300's. You'll find ranch style homes and 1.5 story homes, some with basement, ranging in size from 1500 to over 3000 square feet.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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