Union County Real Estate Talk

Lake Park NC Real Estate Market Report—2009

How did the Lake Park NC real estate market fare in 2009 and how did it compare with 2008? 

The Lake Park NC real estate market is small due to the small size of the town.  In 2009, average prices for single family homes were down 6% compared with average prices in 2008.  Average prices for condos and townhomes in Lake Park were up 17% in 2009.  These numbers indicate that Lake Park’s real estate market performed better than most of the other small towns in Union County NC.  Sellers in Lake Park NC waited longer to sell their homes in 2009 with days on market increasing 36% for single family homes and 45% for townhomes and condos.

Lake Park NC Average Real Estate Prices, Homes Sold and Average Days on the Market

2008 Average Sales Price:  $190,277      2009 Average Sales Price:  $178,567    Year-to-Year Change:  -6%

2008 Number of Homes Sold:  22        2009 Number of Homes Sold:  17      Year-to-Year Change:  -22%

2008 Average Days on Market:  85        2009 Average Days on Market:  107      Year-to-Year Change:  +36%

Townhomes and Condominiums in Lake Park NC

2008 Average Sales Price:  $131,480      2009 Average Sales Price:  $154,780     Year-to-Year Change:  +17%

2008 Number of Homes Sold:  5          2009 Number of Homes Sold:  5       Year-to-Year Change:  no change

2008 Average Days on Market:  147      2009 Average Days on Market:  214     Year-to-Year Change:  +45%

Source:  Carolina Multiple Listing Service

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Lake Park NC Real Estate Market Report—2009*

How did Lake Park NC real estate market activity in the third quarter of 2009 compare with the second quarter 2009? 

This post will summarize third quarter 2009 real estate sales in Lake Park NC plus compare changes in sales data with second quarter 2009 results.  The chart shows average sales prices in Lake Park NC for 2008 and each quarter of 2009.

Lake Park NC Real Estate Market Report--2009 Third Quarter Data and Change from 2009 Second Quarter

Single Family Homes in Lake Park NC

Number of Sales:  5

Change from second quarter:  no change

Average Price:  $186,350

Change from second quarter:  +2%

Average Days on Market:  152

Change from second quarter:  +72%

Current Active Listings:  18

Change from second quarter:  -28%

Most Active Neighborhoods:  Lake Park

Townhomes and Condominiums in Lake Park NC

Number of Sales:  7

Change from second quarter:  +75%

Average Price:  $136,814

Change from second quarter:  -11%

Average Days on Market:  232

Change from second quarter:  +24%

Current Active Listings:  16

Change from second quarter:  +50%

Most Active Neighborhoods:  Lake Park

Source:  Carolina Multiple Listing Service

Compare with the 2008 Lake Park NC real estate market.

Copyright 2009.  Carol Fox.  *Lake Park NC Real Estate Market Report--July to September 2009*

What happened in the Lake Park NC real estate market during April and May of 2009?

This post will summarize first quarter real estate sales in Lake Park NC plus compare average sold prices with 2008 closed prices.

Lake Park NC Real Estate Market Report--April to May 2009

Single Family Homes in Lake Park NC

Number of Sales:  4

Price Range:  $128,000 to $230,000

Average Heated Area:  2052 sq.ft.

Average Price:  $178,250

Average 2008 Price:  $181,160    Change: -1%

Average Days on Market:  56

Number of Contracts Pending:  4

Most Active Neighborhood:  Lake Park

Current Active Listings on Market:  26

Townhomes and Condominiums in Lake Park NC

Number of Sales:  2 

Price Range:  $137,900 to $152,500

Average Heated Area:  1998

Average Price:  $145,200

Average 2008 Price:  $139,715    Change:  +3%

Average Days on Market:  191

Number of Contracts Pending:  1

Most Active Neighborhood:  Lake Park

Current Active Listings on Market:  8

Source:  Carolina Multiple Listing Service

Compare with the 2008 Lake Park NC real estate market.

Learn more about homes and neighborhoods in Lake Park NC.

Copyright 2009.  Carol Fox.  *Lake Park NC Real Estate Market Report--April to May 2009*

Don't miss this newly listed Lake Park NC home for sale at 6621 Courtland Street.  This pretty two-story home is located on a quiet cul-de-sac street in the back of the neighborhood.  The original owners have lovingly maintained their home and have enjoyed living in the Village of Lake Park where most town amenities are within walking distance.  A short drive outside Lake Park will take you to a Walmart, Lowes Home Improvement Store, fast food and fast casual restaurants and a post office.

You'll feel at home when you step inside this Lake Park NC home for sale at Courtland Street.  Warm colors and plentiful windows give this spacious pristine home a cozy, welcoming feeling.  The great room runs the length of the home from front to back providing abundant wall space for your furniture.  A gas log fireplace with pretty mantel is the focal point of the room.

The great room is open to the eat-in kitchen making family conversation and entertaining easy.  Built-in bookcases in the breakfast area provide a spot for your decorating touches.  The kitchen has warm cabinetry with crown molding, a center island and a deep walk-in pantry.  Patio doors to the patio and backyard add to the sunny feel of the kitchen and breakfast area.  A formal dining room at the front of the home provides additional space for meals.

Upstairs in this Lake Park NC home for sale, you'll find a large master bedroom suite.  The luxury master bathroom has a tile shower and separate garden tub plus walk-in closet.  An oversized bonus room with closet can be used for a fourth bedroom, playroom or home office. Two other secondary bedrooms plus the laundry room complete the upstairs.

Enjoy the backyard where a custom deck with pergola provides space for relaxing and grilling.  A landscaped fence creates privacy but allows views of the mature hardwood trees in the neighborhood beyond.

The price of this Lake Park NC home for sale is $180,000. The home may be perfect for you if you are a first time home buyer.  The sellers will assist with your closing costs and are providing a one-year home buyer warranty.

Click here to learn more about living in Lake Park NC--Union County's Most Walkable Town.

Visit www.CarolinaSmallTownLiving for more information about buying or selling homes in Lake Park and other small towns of Union County NC.

***Update***

This beautiful Lake Park home is no longer available.  Contact Carol Fox at 704-814-6242 for more information about other Lake Park NC homes for sale.

About the author:  Carol Fox of Allen Tate Realtors has been selling homes in Lake Park NC since its inception.  Do not hesitate to call her at 704-814-6242 to schedule an appointment to see this beautiful home.

Copyright 2009.  Carol Fox.  *Lake Park NC Home for Sale--6621 Courtland Street*

Where can you find the Lake Park NC community in March?  The answer is the annual Kite Festival sponsored by the Lake Park Homeowners Association.  Last Saturday the skies were bright blue and sunny and the cool wind was brisk, a perfect day in Lake Park for the festival.  Village residents converged on Founders Park where children of all ages tried their hand at kite flying.  The festival included demonstrations by a kite-flying club and other activities for neighborhood children.

The kite festival is just one of Lake Park NC community activities available to Village residents throughout the year.  Other events include village-wide yard sales in April and October, new resident socials in February and November, the Lake Park Fall Festival with rides and a band at the Town Center gazebo, and the tree lighting ceremony at the Lake Park Christmas Festival.

Lake Park NC was designed to provide spaces throughout the village for passive and active recreation as well as social activities like the community festival.  A series of neighborhoods of various types of housing and price ranges are separated by parks, small lakes and walking trails.  The Town Center in the heart of Lake Park has a landscaped park with bell tower and village green with gazebo.  The Lake Park NC Community Center is located in the Town Center.  It has two swimming pools, a water playground and two tennis courts.

Learn more about Lake Park NC

Lake Park NC-Union County's Most Walkable Town

Lake Park NC 2008 Real Estate Market Report

Click here to learn more about homes and neighborhoods in Lake Park NC.

Copyright 2009.  Carol Fox. *The Lake Park NC Community Loves Its Annual Kite Festival*

Do you want to know how the Lake Park NC real estate market fared in 2008?

This post will summarize the 2008 real estate sales for the Town of Lake Park NC.

2008 Real Estate Market Report for Lake Park NC

Single Family Homes

Number of Sales:  46   Price Range:  $110,000 to $295,000   Average Heated Area:  1881 sf   Average Price:  $181,160   Average Days on Market:  87  Years Built:  1992-2006

Townhouses and Condos

Number of Sales:  13   Price Range:  $110,000 to $160,000   Average Heated Area:  1522 sf   Average Price:  $139,715   Average Days on Market:  81  Years Built:  2001-2004

Schools 2008-09: Sardis Elementary, Porter Ridge Middle, Porter Ridge Senior

Source:  Carolina Multiple Listing Service 

Learn more about the Lake Park NC schools:

Union County NC Schools:  Just How Good are They? 

Want to know more about the Lake Park NC real estate market and Lake Park NC neighborhoods?

Visit www.CarolinaSmallTownLiving.com.

Copyright 2009.  Carol Fox.  All rights reserved.  *Lake Park NC 2008 Real Estate Market Report*

Want to live in a small town where you can walk to the coffee shop, a park, a community center, your church?  If so, you must consider the Village of Lake Park NC.  The Village of Lake Park was designed by its developers in the mid-1990s to create a small town atmosphere where individuals and families in every life stage could find a place to live and the community organizations and amenities that enhance a small town lifestyle.  In the process, the Lake Park designers created Union County's most walkable town.

Some Things to Know about Lake Park NC

Lake Park is an incorporated village, not just a subdivision.

Incorporated in the late 1990s, Lake Park has a village council and Lake Park residents pay town taxes.  There is a homeowners association for the whole village and a separate one for the condos and townhomes.  The HOA fees for single family neighborhoods are minimal.  The post office that serves Lake Park is Indian Trail 28079 but Lake Park is not a part of Indian Trail.  Lake Park's population was estimated at 2854 citizens in 2007.

The Town Center, parks, playgrounds and ponds are within walking distance of Lake Park homes.

The Village of Lake Park is organized into a series of neighborhoods of various housing types including single family homes, condos and townhomes, and maintenance-free patio homes.  The Town Center is located in the heart of Lake Park with higher density townhomes and condos near the center and lower density single family neighborhoods radiating outward toward the edges of the village.  A series of green spaces with three parks, six playgrounds, and thirteen ponds thread through these neighborhoods.

The Lake Park Town Center has space for village commerce and social activities.

A landscaped park with a bell tower and a village green with gazebo dominate the Lake Park Town Center in the heart of the village.  Town festivals, such as the Kite Festival in March and the Fall Festival, take place at the village green. The Lake Park Community Center has two swimming pools, a wading pool and water playground, and two tennis courts.  Town Center commercial buildings include office space, a coffee shop, a restaurant and other small businesses.  A day care center, a private school, and several churches are also found in the Town Center.

Lake Park Real Estate Market

For more information about buying or selling real estate in Lake Park NC, visit 

www.CarolinaSmallTownLiving.com

Want to know more about other area walkable neighborhoods?

Downtown Matthews NC Walkable Neighborhoods

Downtown Mint Hill NC Walkable Neighborhoods:  Brighton Park

About the author:  Carol Fox of Allen Tate Realtors at 704-814-6242 is a veteran real estate agent who has been selling Lake Park NC since its inception.

Copyright 2008.  Carol Fox.  All rights reserved. Updated March 2009.  *Lake Park NC:  Union County's Most Walkable Town*