109 Lynnfield Court SOLD in The Point Lake and Golf Club

This Kingswood home built in 2004 with great curb appeal closed yesterday for $938,000. The home has 4854 square feet, so it's price per square is $193. The home is located near the par 3 15th green of The Point Lake and Golf Club. The last sale of this home was in June 2007 at $1,375.000 so yesterdays sale price represents a home value decline of 31%, whereas the Charlotte Case Shiller index over a comparable time frame only had fallen by 17%.

Home sales data for The Point Lake and Golf Club Mooresville

Below are a couple charts (click to expand) with median sales prices and average prices per square foot in The Point. The charts compare rolling 12 month periods ending in July 2009, 2010 and 2011. As you can see in the first chart, median prices peaked in June 2007 at just over 1 million and currently is at $845k.

The lower chart breaks down prices per square foot at different price points. One note concerning this chart at the high end is more sales at over 2.5 million have taken place in the last couple years than in prior years and with the small number of comparisons it's easy for this number to skew and distort real price trends. At the lower end a high number of distressed property sales skewed this number to the downside.

Let me know if you would like a custom chart with sales/price trends for any town, neighborhood or subdivision around the Charlotte area.You can email me at annielivingston@kw.com or call me at 704-996-2744. Let me help you with your real estate needs.

139 Broad Sound waterfront home in The Point SOLD

This modern waterfront room with 4750 square feet closed for $1,150,000 or $242 per square foot. The home was listed at $1,299,000 and the tax value is $1,163,840.

The listing agents remarks on the listing sheet were:
Awesome Waterfront Home in The Point architecturally designed for water views. Gourmet Kitchen w/ 4 piece Crown, Viking Appliances & Sub-Zero Wine Fridge. Hardwoods throughout w/ 2nd Living on LL. billiards, Exercise Rm LL w/ 4th Garage Heated and Cooled! Approved for Pool w/ Boat Slip available 100 yards from home

163 Easton Dr The Point Lake and Golf Club SOLD

This is a great waterfront house in The Village that sold for $1,180,000 or $222 per square foot. These are the agent remarks on the listing sheet......Amazing $$ on this European inspired Home in 'The Village'.Nestled amoung the trees and flowers with BIG waterfront view and private pier.  Open floor plan with HUGE kitchen, Cherry Cabinets, 5 burner Decor Cooktop, Dacor Dbl Ovens, Built-in Sub-Zero Frig and Separage Freezer,2 dish washers, 2 beverage Coolers and Ice Maker.An entertainers dream. Too many features to mention.  Come and see!!
This home was listed at $1,375,000 and  it's tax value is $1,013,010

104 Maddaket Loop in The Point Lake and Golf Club SOLD

3900 square feet, built in 2003 by Kingswood Homes. The sales price includes a full equity golf membership at The Point Lake and Golf Club currently $42,500, and a boat slip which is $22,500. This home closed on Thursday for $650,000 or $167 per square foot. In 2004 this home sold for $728,500 and it re-sold in 2006 at $815,000. So it's current value at a 20% discount to a 2006 print is in-line with national and regional trends in pricing. Current tax value is $751,330. It was listed at $699,900. Doris Nash of Ivester Jackson represented both buyer and seller.

107 Squam Ct The Point SOLD

This waterfront home for sale in The Point Lake and Golf Club closed on Monday for $1,053,000. It was originally listed last June at $1,249,000. The home built by Arcadia builders in 2005 is 3874 square feet which converts to a price per square foot at $272. Tax Value is $1,024,260.

164 Polpis Rd in The Point sold

This waterfront home for sale in The Point on Polpis Rd closed yesterday for $1,310,000. The home sitting on just under an acre is 5666 square feet, putting the price per square foot at $231.

The Point Sales information

If you are looking for data on homes for sale or homes sold look no further than this blog. Scroll down and on the right hand side you will find the "search" bar, making this site more navigable to your needs. So, if you want thepoint sales data you found the right place. I have been blogging about real estate for three years and have been a resident of The Point for more than seven years.

Home Sales in The Point

Sales activity in The Point has slowed through May 4, 2011 versus the same time frame last year. On CMLS there have been 11 homes closed vs 18 homes last year.

According to a report on MSNBC by Clear Capital (click here for it) prices nationally have officially double dipped and are below the previous trough seen in 2009. The good news is Charlotte was the best performing major metro market with prices only down -1.4% quarter over quarter, although year over year prices slipped -5.1%. REO homes continue to weigh locally and nationally on prices and foreclosure properties are at an all time high. The pipeline of homes in the foreclosure process along with the number of homes that are 90+ days delinquent is 45 times the size of the current monthly foreclosure sales number, which is 34.5% of all sales. So it remains a buyers market for the forseeable future and I have found some great buys recently for my customers.

If you are selling your home; being realistic in your pricing is very important, if you price your home too high, odds are you will not get alot of showings and your home gets used to sell other properties because buyers see the value elsewhere. Listing agents with alot of listings might even use this tactic. When I am representing buyers I make them very aware of valuations and we stay away from homes priced unrealistically in today's market.

138 Brick Kiln Way The Point SOLD

This 7487 square foot waterfront estate home in the Point Lake and Golf Club closed today for $2,050,000 putting it's price per square at $273. This home with a European  influence and it's own private dock includes an infinity pool and spa and it's own wine cellar.This home listed by the Francis team at Keller Williams had been on and off the market since 2006 and originally had listed it at $2,625,000. Michele Burton also in my Keller Williams office brought the buyer. It's latest list price was $2,250,000 representing a sale to list price of 91% and of the original price 78%.

114 Mayfair Rd in The Point Lake and Golf Club Sold

This 2005 Zande built home with 3600 square feet closed for $540,000 or $150 per square foot including boat slip. The home first sold in 2006 for $665,999. Rose Miller of Coldwell Banker was the listing agent and The Francis Team at Keller Williams represented the buyers.

135 Falmouth Road The Point SOLD

This waterfront "estate" home located in the Village neighborhood of The Point Lake and Golf club closed for $2,210,000. Built by Dienst builders in 2000, the last sale in 2003 was at $3,125,000. Tax value is $2,160,410 in 2011 down from $2,599,400 in 2010. The listing sheet shows the square footage at 8372 feet, which puts the sale at $263 per sq foot.

152 Old Post waterview lot with deeded boat slip sold

This .76 acre lot located in the popular village neighborhood of The Point sold recently, listed by Christy Allen Keller Williams in December for $150,000 the selling price was $145,000. Tax value is $76,000.

124 Milford Circle The Point SOLD

This home on Milford Circle with 5530 square feet built in 2006 closed for $820,000 or $148 per square foot. The home originally sold for $894,500 in 2006. My Keller Williams office represented the sellers and Prudential Carolinas Realty in Huntersville represented the buyers. Tax Value is $936,840.