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Sun City Carolina Lakes Market Report 2009

February 20th, 2009 Listed Under: Community Reports, South Carolina, Terrys Top Ten Communities

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Once again Sun City Carolina Lakes led the new home subdivisions in sales in 2008- the Del Webb concept of a self-contained, active adult, golf cart community, just 30 minutes from a major city (Charlotte) with a large airport, in low tax South Carolina, is a bright spot in an otherwise tough year for Pulte Home Corporation, the owners of the Del Webb franchise since 2001.

With over 500 sales, Sun City Carolina Lakes accounts for 5% of the new home sales in the Charlotte area.  So How did they do it? The dropped their prices- heavily and gave away a lot of golf carts!

Working from the Carolina MLS we get only a feel for what they sold their as they report only about 15% of their sales in the MLS- enough to keep people and Agents looking online. The Sold data is intriguing, to say the least.

Median Home Sale Prices At Sun City Carolina Lakes

Median Home sale price in 2007 was $344K, or $141 per sf on about 2443 square feet. In 2008, size and price were reduced, as buyers paid a median price of $122/sf on 1515 sf, or $184,830.  Median price per sf was off 13%, but average size was off 38% as well.

The range of prices were even more interesting: In 2007, buyers paid an average (median)  of  93% of list price, from $104/sf to 89/ sf.

But in 2008,  they paid a median price of 80% of list, paying between $90 and $162 per sf. .. Interesting indeed.

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Moving to the Charlotte Area? Carolina Lakes? South Charlotte, Waxhaw, Lake Norman, Fort Mill Perhaps? Your first Charlotte home?

I am a Charlotte real estate broker specializing in relocations, 2nd homes and first time home buyers–buying and sellingTerry McDonald Charlotte Real estate real estate of all kinds- and will represent only you. My team works with Buyers and Sellers every day from Ballantyne to Lake Norman -and Fort Mill SC too. We work with all relocation companies. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not, and where the deals are. I represented Buyers in the largest foreclosure sale in Charlotte in 2008.  And I helped a handful of first time home buyers. I was the Top Agent in 2008 in our 800 + Agent firm, and won an award for customer satisfaction in 2008. We are flexible and at your service.

We are working to help you “buy smart” in Charlotte, and to make your relocation  easier and less stressful.

If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry

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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
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Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519