While sold
results at The Point appear to be headed towards a positive increase
relative to 2011, the pace has been a bit more sporadic than elsewhere,
particularly in some ranges.
The community was trending ahead of 2011 results in strong fashion through June, and activity in the million dollar to 2 million dollar range has remained active and ahead of last year (including the home to the left sold by IJ's Annie Livingston). Activity in the under 1 million, and upper range above 2 million, has been more unpredictable, with the community recording its first 2 million dollar plus deal of the year last month, while sold results in the 500k to 999k range sputtered a bit the last 60 days. There has been a recent uptick, with 5 pendings in that range, as well as the continued strong showing in the million dollar mid-ranges, where 5 more homes are pending. A second 2 million dollar plus home is also pending. Given the Trump ownership change occurred in May, and several of the improvements are unfinished, its a little too early to observe any trend or impact upon the residential market at The Point, of the golf course changing hands. It remains a flagship community at Lake Norman that will be interesting to watch as the dynamic of new ownership plays out.
Inventory remains very
healthy and in fact declined a bit, from 47 units listed over 500k, to 43,
with the upper ranges declining, while the lower range increased.
Price
Range Actives
Pendings Shows/house Sold Last 60
Days Sold 60 Days''11
500k-999k 24 5
3/month 2
6
1m-2m 13 5
2/month 2
2
2m
plus 6
1
1/month 1
0
See these Point area
homes and others at www.IvesterJackson.com.
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