Regency At Palisades Active Adult Neighborhood In SW Charlotte Near Lake Wylie
Real Estate Report 2024 + Neighborhood Spotlight
Regency at Palisades experienced no change in average and median home sale prices in 2024 compared with the previous year. The average price per square foot rose 3% year-over-year to $283.
Home sales declined by 30%, with only 21 properties sold, partly due to the completion of new construction by Toll Brothers, who developed this neighborhood, reducing available inventory. The average days on market increased by 24% to 87 days. It is worth pointing out that the new construction homes with 364 DOM skewed the days on market average number. The resale homes averaged 57 days on market.
The list-to-sale price ratio declined 3% year-over-year to 98.3%, offering buyers a slight opportunity to negotiate on price. Part of this decrease stemmed from the incentives Toll Brothers offered buyers to sell off their final inventory in 2024. Resale homes saw a list to sale price ratio of 99%, about 1% higher than the new construction homes. Meanwhile, the months’ supply of inventory surged 59% to 0.43 months. Despite this increase, with less than half a month’s supply, Regency at Palisades remained a strong seller’s market in 2024.
REGENCY AT PALISADES 2024 HOME SALES
MEDIAN SALE PRICE TRENDS IN REGENCY AT PALISADES
(ROLLING 12 MONTHS)
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Regency at Palisades, Regency at Palisades is an exclusive, not age-restricted, active adult community situated within the Palisades neighborhood. Catering to the needs and preferences of mature adults, Regency at Palisades offers a luxurious and vibrant lifestyle set against the backdrop of the scenic Lake Wylie area.
Designed with discerning adults in mind, Regency at Palisades features a range of upscale amenities and resort-style facilities aimed at promoting an active and social lifestyle. Regency at Palisades provides active adults with a dynamic and enriching living experience, combining luxurious amenities, scenic surroundings, and a vibrant social atmosphere.
An on-site lifestyle director organizes events, clubs and activities for residents. The indoor/outdoor pools and pickleball and tennis courts are especially popular. Whether enjoying a round of golf, attending a fitness class, or simply relaxing by the pool, residents of Regency at Palisades find themselves immersed in a fulfilling and rewarding lifestyle tailored to their unique needs and preferences.
Homes at Regency at Palisades are typically around five years old, with the oldest dating back about ten years. The majority are one-story, though 1.5-story and two-story options are also available. Lot sizes average approximately 0.2 acres. Floor plans include three-bedroom homes with 2.5 to 3 bathrooms and four-bedroom homes with 3 to 3.5 bathrooms. On average, homes offer around 2,700 square feet, with larger models reaching up to 3,400 square feet. Lawn maintenance and irrigation are covered by the monthly HOA fee.
WHAT TO KNOW ABOUT THE PALISADES IN CHARLOTTE
The Palisades is a 1,600 acre master planned community in Southwest Charlotte, just off of Hwy 49 and situated around Lake Wylie, Charlotte area's second largest lake. The Palisades is known for its stunning waterfront properties, lush greenery, and upscale lifestyle. Homes in The Palisades range in price from the mid-$400,000's to over $1.5 million Homes range in size from 2,400+ square feet to over 5,000 square feet. Builders have included Niblock, Toll Brothers, Lennar Homes, Ryland, Standard Pacific, Shea Homes, St, Lawrence, and custom builders (Harris Construction, Kingswood, Jordan James, Stanley Martin, Arcadia, amongst others). Homes were first built in 2005 and there is still new construction in The Palisades today.
The Palisades community is comprised of some 20 neighborhoods. These include: Ashton Oaks (custom homes); Austin's Creek; Bear Creek (gated); Briar Cliff; Crosshaven; Eagles Landing (gated); Highcliff; Lantern; Marbella; Montage; Morningside; Regency at Palisades; Rusty Creek; The Ranch (gated equestrian neighborhood); Treetops (custom homes); Turtle Point; Westerham (gated 11 home enclave); Whispering Pines.
Community amenities for all residents in The Palisades include a Clubhouse, outdoor pool, playground, tennis courts, walking trails. Additional private, membership amenities include the Palisades Country Club, which features an 18-hole Jack Nicklaus Golf Course, a Tim Wilkinson Sports complex with grass tennis courts, hard tennis court, clay courts; a yoga center, state of the art fitness center; dining options. Palisades Park offers soccer fields. There's also an equestrian center and the Catawba Yacht Club, the Carolina Boat Club. The 1,132 acre McDowell Nature Preserve is also minutes away. This is resort-style living at its best.
One of the defining features of the Palisades is its proximity to Lake Wylie, a 13,400-acre reservoir known for its recreational activities such as boating, fishing, and water sports. Residents of The Palisades enjoy easy access to the lake, allowing them to indulge in a range of outdoor adventures right in their backyard.
Overall, The Palisades neighborhood offers a tranquil retreat from the hustle and bustle of city life, while providing residents with an unparalleled combination of luxury living, natural beauty, and community amenities. Whether enjoying a round of golf, relaxing by the lake, or exploring the surrounding area, Palisades residents find themselves immersed in a lifestyle that truly embodies the essence of Charlotte living.
CLOSE TO EVERYTHING CHARLOTTE HAS TO OFFER
With just a 30-minute ride to Uptown Charlotte, residents easily enjoy theatre, professional sports, ballet, opera, symphony and a plethora of dining options, museums and more. Local shopping is just 10 minutes away at the Rivergate Shopping Center. Baxter Town Center is just 15 minutes away. Charlotte Premium Outlets and Berewick Town Center are also just 15 minutes away from The Palisades. All the amenities and shopping in Charlotte’s upscale South Park area are just under 30 minutes away.
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