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Chuck Webb

August Real Estate Report

09-10-09
Chuck Webb
Here are the market statistics for entire Carolina MLS area for single family residential home sales covering the period August 6, 2009 through September 5, 2009:

  • Closings: 2,221; avg. LP $234,504; avg. SP $209,245; %LP/SP 89.23%
  • New Listings: 4,953; avg. price $257,254
  • Under Contract: 2,434; avg. price $214,675
  • Withdrawn: 1,701; avg. price $329,083
  • Expired Listings: 1,493; avg. price $353,550
  • Active Listings: 27,878; avg. price $312,179


  • Closed transactions for the month of August remained relatively unchanged from July with a dip of 1.7% in average listing price and average sales price, respectively. The resulting percent of listing price to sales price remained unchanged, as well. This month’s sales are down 10%, compared to August a year ago. Whereas July was 18% below 2008 figures, August sales figures show continued improvement from a year ago.

    New listings showed a decrease of 4.7% and a decrease in average listing price of 5.5%. A decrease in new listings can be typically expected due to the anticipated seasonal slow down in the market. The decrease in average listing price perhaps reflects the continued market erosion that we have seen in the Charlotte area. Since sales comparables normally impact future new listing prices, this is probably the case here, too.

    Pending sales increased 4%. However, the average contract sales price decreased 5.3%. With the $8,000 first time homebuyer tax credit due to expire in the next few months, the sales figures are being driven by eager home buyers who are taking advantage of this opportunity.

    The number of withdrawn and expired listings decreased 3.7% and 5.3%, respectively. Total inventory in the local area remained relatively unchanged, perhaps reflecting the perseverance of the withdrawn and expired listing numbers where houses are remaining on the market for an extended period of time.

    Now is the best time to buy a home. If you are a first time home buyer, you can qualify for the $8,000 tax credit on the purchase of your home. For more information, please call me or visit my web site.

    Search for homes for sale along with area maps of Charlotte

    Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

    Huntington Forest in Historic Steele Creek

    09-07-09
    Chuck Webb

    huntington forest

    Huntington Forest is a beautiful, quiet community of 372 homes located in southwest Charlotte. The community is located near the intersection of Steele Creek Road (Highway 160) and York Road (Highway 49) with convenient access to I-77 and I-485. Huntington Forest is in the midst of the Steele Creek Historical Area and offers an abundance of parks, sites, and education opportunities for people of all ages.

    Lake Wylie Copperhead Boat access is just 3 miles away and Lake Wylie, SC access is within easy reach. McDowell Park is just 5 miles away – a great place for picnics, hiking, and even camping. Daniel Stowe Botanical Garden is on the other side of the lake, easily reached by crossing the lake on Hwy. 49's Buster Boyd Bridge. Carowinds is nearby, offering endless rides and amusement for the young and young-at-heart.

    Rivergate Shopping Center is literally right next door. The anchors of this retail center include Target, Home Depot, Best Buy, Office Max and PetSmart. You also can find several restaurants, grocery stores, banks, and other retailers just around the corner.

    The Huntington Forest community offers an Olympic size pool, a kiddie pool, and walking trails. Eventually the Mecklenburg Parks greenway system will border the neighborhood and will offer expanded walking trails to residents. There is an active Homeowners Association which sponsors numerous activities to get families involved in neighborhood events.

    Homes here range in price from the mid $200,000’s to the mid $300,000’s. These beautiful transitional style homes were built from 2003 to 2006 and range in size from 2000 to 3500 square feet of heated living area.

    Elem. School: Lake Wylie
    Middle School: Southwest
    High School: Olympic

    View available Homes for Sale with area map in Huntington Forest

    Search for Homes for Sale along with area map in Charlotte

    Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

    Weston Glen in the Heart of Ballantyne

    09-05-09
    Chuck Webb

    weston glen

    In the heart of Ballantyne lies the community of Weston Glen. Homes in this neighborhood were built by Pulte Homes. Weston Glen is conveniently located in the Community House / Ardrey Kell area, just minutes away from I-485 and upscale shopping. This is a family friendly community, where residents can walk to all levels of public education, the YMCA, the library and public park. Amenities include a pool, baby pool, club house and playground.

    Ballantyne is a 2000 acre planned community, which includes a 535 acre Corporate Park, that is located approximately 11 miles South/Southeast of Uptown Charlotte. The combination of beautiful upscale homes and attractive commercial development affords Ballantyne residents a comfortable lifestyle with many options for entertainment, dining, and employment. Ballantyne is located approximately 13 miles Southeast of Charlotte Douglas International Airport making it convenient for air travelers.

    The major attractions in Ballantyne include The Ballantyne Resort and Spa where one can play a round of golf on a truly magnificent course or just relax and enjoy a massage in the Spa facility. Dining options are available at the new Ballantyne Village, Blakeney, The Promenade, The Fountains, and Stonecrest.

    The transitional style homes in Weston Glen range in size from 2200 to 2800 square feet of heated living area. Prices are in the mid $200’s to the mid $300’s. At Weston Glen you have the best of both worlds – the best amenities and the best schools at easy reach!

    Elementary School: Elon Park
    Middle School: Community House
    High School: Ardrey Kell

    View available Homes for Sale with area maps in Weston Glen

    Search for Homes for Sale along with area maps in Charlotte

    Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

    Brighton Park Offers TND at Affordable Price

    09-02-09
    Chuck Webb

    brighton-park

    Located only 12 miles from Uptown Charlotte, Brighton Park is a "Main Street" community where the lifestyle is pedestrian friendly. This wonderful community is situated on approximately 72 acres with 233 single-family homes, 154 townhomes and over 12 acres of common open space.

    Brighton Park is a traditional neighborhood design (TND) where residents can enjoy beautiful parks and tree lined sidewalks which lead them to the rural charm of downtown Mint Hill.

    Traditional neighborhoods, such as Brighton Park, are the perfect setting for architecture reminiscent of Grandma's house. Some of the timeless elements include floor plans designed for day-to-day living, as opposed to maximum sales impact. Classic vertical proportions are used for entrances, windows and columns. Classic cottages, larger estate homes and charming townhomes all blend to create a wonderful neighborhood.

    Brighton Park features seven parks and village greens as well as a beautiful entry garden filled with trees, pergolas, and benches. Reminiscent of historic small town homes, Brighton Park creates a classic small town streetscape, complete with designer-selected exterior color schemes.

    At the center of Brighton Park is a large retail center which includes a Lowes Foods as anchor, as well as, several restaurants, and specialty shops. Mint Hill Town Hall and a bank are also nearby and add to the small town atmosphere created by the master planned community.

    Currently, there are numerous single family homes available from the $190s to the high $200s, ranging from 1,700 to 2,500 sq. ft. Resales in Brighton Park have been strong and are consistent with this area of Charlotte: there have been 8 homes sold in the past 6 months in the low to mid $200s averaging 93 days on market and sold at 93% of list price.

    Search for Homes for Sale with area maps in Mint Hill

    Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

    Brookhaven Neighborhood in Matthews

    08-31-09
    Chuck Webb

    windsor

    Just minutes away from the Ballantyne area of South Charlotte you’ll find Brookhaven subdivision, an exclusive John Wieland community. Brookhaven is a family-oriented community offering the very best in neighborhood living, with amenities that would rival any country club.

    Homes in Brookhaven feature floor plans from renown builders Habersham, Signature Homes and Colonnade Custom Homes.

    Currently, only a limited number of new homes are available from the high $400's to the mid $500's. However, there are a good number of resales available from the low $300’s to the mid $700’s. You can choose from a wide variety of compelling homes situated along sidewalk-lined streets on rolling, wooded terrain.

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    Sure to serve as the meeting place of the neighborhood, the Brookhaven Club is the focal point for neighborhood activity with swimming, tennis and much more. From two to ninety-two, there is something for everyone:

    • Clubhouse with Meeting, Fitness and Game Room
    • Kitchen and Dining Area
    • Aquatic Park with Oversized Swimming Pool
    • Waterslide, Lazy River and Water Features • Lighted Tennis Courts
    • Walking and Biking Trails
    • Volleyball and Basketball Courts
    • Playfield and Children's Playground
    • Piano Lounge
    • Media Room

    Set in the wooded "country" location of Union County, Brookhaven is convenient for commuters along I-485 with great access to shopping and restaurants nearby: The Promenade, The Arboretum Mall, Stonecrest Center, Carolina Place Mall. Brookhaven families and children enjoy a quality education with top ranked schools nearby.

    Elementary School: Antioch
    Middle School: Weddington
    High School: Weddington

    View available homes for sale and area map for Brookhaven

    Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net