Union County Real Estate Talk

Wesley Chapel NC Real Estate Market Report—2009

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

The 2009 Wesley Chapel NC real estate market reflected the market in Charlotte and surrounding areas.  Single family average sales prices were down about thirteen percent from 2008, an indication that first time home buyers dominated the marketplace.  The number of homes sold in 2009 did not change much from 2008, with only 7% fewer homes sold.  Time on the market decreased for Wesley Chapel sellers with days on market down 16%.

Wesley Chapel NC Average Real Estate Prices, Homes Sold, and Average Days on Market

The chart below shows average sales prices in Wesley Chapel NC for single family homes in 2008 and 2009 plus each 2009 quarter.

Single Family Homes in Wesley Chapel NC

2008 Average Sales Price:  $345,851      2009 Average Sales Price:  $300,505    Year-to-Year Change:  -13%

2008 Number of Homes Sold:  40        2009 Number of Homes Sold:  37      Year-to-Year Change:  -7%

2008 Average Days on Market:  133        2009 Average Days on Market:  111      Year-to-Year Change:  -16%

Most Active Neighborhoods in Wesley Chapel NC 2009

The most active Wesley Chapel NC neighborhoods are listed below.  Click on each neighborhood to get a detailed description of the neighborhood, a summary of 2009 real estate activity and search for current homes for sale.

Stonegate

Champion Forest

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

Champion Forest in Wesley Chapel NC—Homes for Sale and Neighborhood Profile

Champion Forest in Wesley Chapel NC is a small neighborhood of custom homes built between 2004 and 2006.  Ranging in size from from 3000 to 5000 square feet, the homes have full brick exteriors and upscale custom features inside, including wood and tile floors, upgraded kitchen cabinetry and granite countertops, and extensive millwork.  Lots are approximately a half acre in size.

Champion Forest is located along Cuthbertson Road in the Village of Wesley Chapel.   It is just minutes from the new Cuthberton Middle and High School complex.  The neighborhood’s location is half way between the shopping complex at Cureton in Waxhaw NC and the Wesley Chapel Town Center, under development.

 Wesley Chapel NC’s Town Center includes two grocery stores, a Target, gas stations, banks, a video store and restaurants.  Wesley Chapel is dedicated to preserving a rural atmosphere while providing access to community shopping in its central core.  Click here to learn more about living in Wesley Chapel NC.

Champion Forest Community Features

Community Amenities:  Champion Forest Homeowners Association, swimming pool, clubhouse, playground, neighborhood preserve and recreation area, walking trails

Builders:  Turnberry, Niblock, James Custom Homes

Schools:  New Town Elementary, Cuthbertson Middle, Cuthbertson High.  School assignments are subject to change.  Check with the Union County Public Schools for current school assignments. 

Champion Forest Real Estate Market Update

January to December 2009

Homes Sold:   6 homes

Prices:    $330,000 to $486,500      Average Sales Price:  $403,316

Average Square Feet:  3984            

Average Days on Market:   125

Source:  Carolina Multiple Listing Service

Champion Forest Homes for Sale

Click here to see Champion Forest homes for sale.

Ever wonder what your Champion Forest home is worth?

Click here to receive a free market evaluation.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Champion Forest in Wesley Chapel NC—Homes for Sale and Neighborhood Profile*

Stonegate in Wesley Chapel NC—Homes for Sale and Neighborhood Profile

Large lots and a thriving community are hallmarks of Stonegate in Wesley Chapel NC.  Built from 1999 to 2003, the neighborhood is organized into several villages with community recreational facilities in the center.  The smaller, lower-priced homes in Stonegate have vinyl exteriors with brick accents and lots from .3 to .5 acre in size.  Homes in the more expensive section have full brick exteriors and lots that can be as large as an acre.  Some of these homes were built with basements.  The heated area in Stonegate homes can range from 2500 square feet to over 5000 square feet in some of the basement homes.

Stonegate is located along New Town Road in the Village of Wesley Chapel.  Wesley Chapel NC is developing a town center within two miles of the neighborhood.  The Town Center includes two grocery stores, a Target, gas stations, banks, a video store and restaurants.  More shopping and restaurants, as well as a Lowes Home Improvement store, are approximately five miles away in Waxhaw.  Wesley Chapel is dedicated to preserving a rural atmosphere while providing access to community shopping in its central core.  Click here to learn more about living in Wesley Chapel NC.

Stonegate Community Features

Community Amenities:  Stonegate Homeowners Association, swimming pool, clubhouse, playground, recreation area, walking trails

Builders:  Centex

Schools:  New Town Elementary, Cuthbertson Middle, Cuthbertson High.  School assignments are subject to change.  Check with the Union County Public Schools for current school assignments. 

Stonegate Real Estate Market Update

January to December 2009

Homes Sold:   8 homes

Prices:    $204,500 to $300,000      Average Sales Price:  $243,331

Average Square Feet:  3002            

Average Days on Market:   148

Source:  Carolina Multiple Listing Service

Stonegate Homes for Sale

Click here to see Stonegate homes for sale.

Ever wonder what your Stonegate home is worth?

Click here to receive a free market evaluation.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Stonegate in Wesley Chapel NC—Homes for Sale and Neighborhood Profile*

5

Quintessa in Wesley Chapel NC—Homes for Sale and Neighborhood Profile

Quintessa is a gated luxury home community located in the quiet rolling countryside of Wesley Chapel NC.  You can find estate-sized lots of one to two acres behind the beautiful stone gates of the neighborhood.  A community pond with gazebo lies in the heart of Quintessa.

Quintessa homes are built of stone, brick and stucco and each is a custom home of more that 4000 square feet of living space.  Construction began in the neighborhood in 2005 and continues today.  It is possible to find resale homes for sale in Quintessa while Bonterra Builders offers completed new homes for sale.  If you prefer to build a luxury home, you can find lots for basement homes and cul-de-sac lots as well.  Lots are available for purchase from the $130,00s to the $170,000s

Although the Quintessa neighborhood offers a private getaway in scenic Union County NC, the Wesley Chapel Town Center is just minutes away.  You can find two grocery stores, a Target store, a gas station, a bank plus several restaurants and other shops within the Town Center.

Map of Quintessa in Wesley Chapel NC

View Quintessa Neighborhood in Wesley Chapel NC in a larger map

Quintessa Community Features

Community Amenities:  Quintessa Homeowners Association, community pond, gated community

Builders:  Bonterra Builders

Schools:  Wesley Chapel Elementary, Weddington Middle, Weddington High.  School assignments are subject to change.  Check with the Union County Public Schools for current school assignments.

Quintessa Real Estate Market Update

January to December 2009

Homes Sold:  2 single family homes

Prices:  $665,184 to $686,156   Average Sales Price:  $675,670

Average Square Feet:  4477

Average Days on Market: 162

Source:  Carolina Multiple Listing Service

Quintessa Homes for Sale

Click here to see Quintessa homes for sale.

Ever wonder what your Quintessa home is worth?

Click here to receive a free market evaluation.

Copyright 2009.  Carol Fox.  Allen Tate Realtors.  *Quintessa in Wesley Chapel NC—Homes for Sale and Neighborhood Profile*

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

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

Wesley Chapel NC Real Estate Market Report--July to September 2009

Single Family Homes in Wesley Chapel NC

Number of Sales:  16

Change from second quarter:  +166%

Average Price:  $295,303

Change from second quarter:  +7% 

Average Days on Market:  95

Change from second quarter:  -29%

Most Active Neighborhood:  Stonegate, Champion Forest

Current Active Listings on Market:  47

Change from second quarter:  -4%

Source:  Carolina Multiple Listing Service

Compare with the Wesley Chapel NC 2008 real estate market.

How did Wesley Chapel NC real estate market activity in the second quarter of 2009 compare with the first quarter?

This post will summarize second quarter 2009 real estate sales in Wesley Chapel NC plus compare changes in sales data with first quarter 2009 results.

Wesley Chapel NC Real Estate Market Report--April to June 2009

Single Family Homes in Wesley Chapel NC

Number of Sales:  6

Change from first quarter:  no change

Average Price:  $275,665

Change from first quarter:  -22% 

Average Days on Market:  134

Change from first quarter:  +100%

Most Active Neighborhood:  Hampton Meadows

Current Active Listings on Market:  48

Change from first quarter:  -4%

Source:  Carolina Multiple Listing Service

Compare with the Wesley Chapel NC 2008 real estate market.

Copyright 2009.  Carol Fox.  *Wesley Chapel NC Real Estate Market Report--April to June 2009* 

Wesley Chapel NC Home for Sale.  Discover this beautifully updated home on one of the prettiest lots in Stonegate, a swim club community located in the Village of Wesley Chapel.  Wesley Chapel NC is a small Union County NC town with a rural feel but great access to shopping and superior schools.  The Wesley Chapel Village Center with a Target, two groceries, two pharmacies, a bank, a gas station and restaurants is ten minutes from this home.  Stonegate children attend New Town Elementary, just a few years old.  In the fall of 2009, the new Cuthbertson Middle School and Cuthbertson Senior High will open on a campus within a mile or two of the neighborhood.

It is hard to find another Wesley Chapel NC home for sale that has been so nicely updated and maintained as 1411 Crestgate Drive.  A two-story foyer reveals a bright open floor plan.  The foyer and adjoining living and dining rooms are enhanced with architectural columns and extensive crown and chair rail/wainscoting moldings.  An open staircase leads to a catwalk upstairs that overlooks the two-story great room with skylights.  Plant shelves in the great room and foyer provide space for your decorating touches.

Soft accent lighting above and below the cabinetry enhances the oversized cook's kitchen.  An island and walk-in pantry add to the abundant cabinetry and counter space.  Entertaining is easy with the kitchen/breakfast area open to the great room.

This Wesley Chapel NC home has a downstairs luxury master bedroom plus three secondary bedrooms upstairs.  A bonus room is large enough for a pool table or can be used as a fifth bedroom.  Enjoy the outdoors on the nicely landscaped level lot.  An irrigation system serves both front and back.

You can live a comfortable and secure life in this Wesley Chapel NC home.  Fresh paint, new carpet and new light fixtures update it beautifully.  Walk to the community swim club.  Enjoy the new schools.  Get peace of mind from the Job Loss Protection plan and the Home Buyers Warranty offered by the sellers.

This beautiful home is priced at $260,000.

Visit www.CarolinaSmallTownLiving.com for more information about this home or other Wesley Chapel NC real estate.

***Update***

This beautiful Wesley Chapel home is sold.  Contact Carol Fox at 704-814-6242 for more information about other Wesley Chapel NC homes for sale.

Copyright 2009.  Carol Fox.  *Wesley Chapel NC Home for Sale--1411 Crestgate Drive* 

What happened in the Wesley Chapel NC real estate market during the first three months of 2009?

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

Wesley Chapel NC Real Estate Market Report--January to March 2009

Single Family Homes in Wesley Chapel NC

Number of Sales:  6

Price Range:  $38,000 to $825,000

Average Heated Area:  2680 sq.ft.

Average Price:  $356,542

Average 2008 Price:  $345,851    Change: +3%

Average Days on Market:  67

Number of Contracts Pending:  3

Most Active Neighborhood:  Quintessa

Current Active Listings on Market:  50

Source:  Carolina Multiple Listing Service

Compare with the 2008 Wesley Chapel NC Real Estate Market. 

Learn more about real estate and living in Wesley Chapel NC.

Copyright 2009.  Carol Fox.  *Wesley Chapel NC Real Estate Market Report--January to March 2009*

Do you want to know how the Wesley Chapel NC real estate market fared in 2008?

This post will summarize the 2008 real estate sales for the village as a whole plus report on the most active neighborhoods within the Village of Wesley Chapel.

2008 Real Estate Market Report for Wesley Chapel NC

Single Family Homes

Number of Sales:  40   Price Range:  $99,500 to $850,000   Average Heated Area:  3091 sf   Average Price:  $345,851   Average Days on Market:  133 

Most Active Neighborhoods in Wesley Chapel NC

Price Mill   Years Built:  2000-2004

Number of Sales:  6   Price Range:  $277,000 to $380,000   Average Heated Area:  2957 sf   Average Price:  $335,666   Average Days on Market:  186

Schools 2008-09:  Wesley Chapel Elementary, Weddington Middle, Weddington High

Berkshire   Years Built:  1997-2001

Number of Sales:  3  Price Range:  $220,000 to $339,000   Average Heated Area:  2545 sf   Average Price:  $276,000   Average Days on Market:  165

Schools 2008-09:  New Town Elementary, Weddington Middle, Weddington High

Stonegate   Years Built: 2000-2002

Number of Sales:  6   Price Range:  $339,900 to $445,000   Average Heated Area:  3399 sf   Average Price:  $373,316   Average Days on Market:  94

Schools 2008-09:  New Town Elementary, Weddington Middle, Weddington High

Source:  Carolina Multiple Listing Service

Learn more about the Union County schools:

Union County NC Schools:  Just How Good Are They?

Want to know more about the Wesley Chapel NC real estate market and Wesley Chapel NC neighborhoods?

Visit www.CarolinaSmallTownLiving.com.

Copyright 2009.  Carol Fox.  All rights reserved.  "Wesley Chapel NC 2008 Real Estate Market Report"

Who lives in Wesley Chapel NC and what is community life like in this small Union County village?

Wesley Chapel incorporated just ten years ago and lies in western Union County, one of the fastest growing counties in North Carolina.  According to a 2007 estimate, Wesley Chapel has 4,793 residents.  The Village council has worked over the last two years to develop a vision for the community and a master plan to guide growth according to that vision.  In 2007, village residents were brought into the planning process and the results of a citizen survey give us a glimpse of Wesley Chapel community life and resident opinions.

Who lives in Wesley Chapel NC?

• Wesley Chapel residents are fairly young.  Almost 40% of the responding households have two or more children under the age of 18.  Twenty five percent of the households have two or more residents in the 40 to 49 age group.
• Seventy one percent of the survey respondents have lived in Wesley Chapel fewer than nine years.

Where do Wesley Chapel NC residents work?

• Wesley Chapel is a bedroom community.  Thirty six percent of survey respondents travel 50 or more miles per day to work.  Over 50% spend more than 45 minutes per day commuting.
• Thirty five percent of the commuters work in South Charlotte and another 23% work in Uptown Charlotte.  Twenty four percent work in Union County.
• Twenty five percent of the survey respondents work at home.

How do Wesley Chapel residents feel about the quality of life in the Village?

• Approximately 60% of the survey respondents felt that it was very important to preserve the rural, small town atmosphere in Wesley Chapel.  Nearly 40% felt that it is very important to maintain agricultural activity in the village.
• A majority of survey respondents were satisfied with the rural character of the town, its clean and healthy environment and the existing architectural style of its buildings.  They were less satisfied with the availability of shopping and restaurants.

How would Wesley Chapel residents like to see the village grow in the future?

• Survey respondents called for a greater mix and diversity of building styles and housing styles for different life phases.  Most wanted to encourage single family housing rather than condos, townhouses or rental housing.
• When asked about housing density, survey respondents favored larger acre lots and opposed quarter-acre and mixed density lots.
• A majority of survey respondents support the development of recreational amenities including active parks, such as ball fields, passive parks of open space, and greenways along floodplains and creeks.

Related article:  Happy Birthday Wesley Chapel NC!

Visit www.CarolinaSmallTownLiving.com to learn more about the Village of Wesley Chapel NC and its neighborhoods.

About the author:  Carol Fox of Allen Tate Realtors is a veteran real estate agent who has been selling the horse farms, rolling pastures and neighborhoods of Wesley Chapel NC for over twenty years.

Copyright 2008.  Carol Fox.  All rights reserved.  "Wesley Chapel NC:  Snapshot of Community Life"