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Waxhaw’s Providence Downs, Area 10/1 Market Report, March Prices Up

May 27th, 2009 Listed Under: Everything Else, Union County

Charlotte, NC. Last week I wrote that I thought Providence Downs and Providence Downs South were on the move. This morning, I checked the May activity so far, and found there were 9 new PD or PDS houses that went Conditional or Pending in May, 5 in PDS and 4 in PD. Yes- the skeptics will say there are still plenty of homes available, and that is true, but which homes do you think would sell first, the best ones or the trashy ones? The best deals are Selling now. custom home waxhaw providence downs south

Area 10/1, the western side of Union County that includes Providence Downs and PDS,

has had its best month in quite some time with 43 Pending or Conditional Sales. 23 of these home sales are under $400,000, 13 are for homes priced above $600,000, and 4 for homes priced above $1M- a good spectrum.

The popular under $400,000 includes the popular Hunter Oaks, The Reserve, Quellin and the new  Millbridge. The over $400K category  includes PD and PDS, Kingsmeade, Longview, Highgate, Woodall and a few others.

Prices have fallen, and buyers are making their best deals. Yes, inventories are high, but once you add all the things you like, the universe shrinks quickly. I had one this week buy in Providence Downs- Not included in the numbers above. Next week, I’ll detail the numbers on this deal, once fully ratified and on its way.

Yesterday’s Case-Shiller Index revealed Charlotte home prices were up .3% in March over February

reports The Charlotte Observer this morning, the only city in the 20 city index with an increase.  Very modest, but nie to be in positive territory. Last city in, first city out.


TerryMcDonaldRealEstate- Skilled Buyer Agents Meeting Smart Buyers… Where Great Deals Happen! 704-351-1519

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
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Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519