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Movement Out at Providence Downs South

May 21st, 2009 Listed Under: Everything Else

Providence Downs South- Is it Turning?

Providence Downs South, a custom home community cut out of a horse farm on gently rolling hills in Waxhaw, is located at the corner of New Town and Waxhaw-Marvin Road, and has had its share of problems over the last 2 years. Bad timing, some bad plans, and the generally huge inventory of $1M plus homes in Union County, has left many homes here partially complete,  quite a handful empty, in pre-foreclosure or foreclosure status. Still, after the dust clears, I think it is too well located and too beautiful to fail, and there is enough occupancy to weather the economic storms… and the bottom may have been reached  in the last 60 days.

We know of 6 closings in the last 30-45 days- not all in the MLS, and 4 more Conditional or Pending sales appearing inthe MLS today, from 799,000 to 1.2M.  So, is it turning? Or just wishful thinking on my part? Have a look at the pics below to get an idea of what I’m talking about… to beautiful to fail.

custom home at providence downs south In the woods at Providence Downs south- a Tudor providence downs south clubhouse Providence Downs South custom home in waxhaw Providence Downs South providence downs south- castle on a hill

OF course,  you’ll never know the “bottom” until 60-90 days later, and then of course it will have passed you by.

So, searching for a deal? A $1M+ home for 55% of its sales price, possibly the best deal in Providence Downs South this year? Have a look here.

Skilled Buyer Agents and Smart Buyers Make GREAT Deals Happen Call me direct- I am easy to reach, at 704-351-1519

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified

Charlotte Communities Online

Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519