Palisades Home Sales Q2-2024
Palisades Home Sales Q2-2024
Real Estate Report & Neighborhood Spotlight
Palisades home sales Q2-2024 saw a 19% decline to 21 sales compared with the same quarter one year ago. Compared with the most recent quarter ended March 31, 2024, home sales increased by one in Q2-2024. The number of properties for sale in Q2-2024 increased 17% from the same quarter one year ago. New listings increased 29% to 18 year-over-year.
The average home sale price improved 4%, year-over-year, while the median home sale price remained unchanged. Quarter-over-quarter, the average sale price declined $26,000, while the median sale price declined $35,000. With home sale prices in The Palisades ranging from the low $500,000’s to $3 million, the decline in home sale prices could be attributed, to some degree, to the price mix of homes sold in Q2-2024 and not just to a decline in home values. The average price per square foot of $210 increased 1% year-over-year, but declined from $217/square foot in the first quarter of 2024.
The list to sale price ratio was flat year-over-year at 99% and increased 0.06% from the first quarter 2023. Home buyers in The Palisades saw little opportunity to negotiate on home prices in Q2-2024.
The average days on market declined 48% from one year ago to just 12 days. Compared with the first quarter 2024, average days on market declined 40 days. By any measure, homes sold quickly in The Palisades in Q2-2024.
The months supply of inventory increased 45% in Q2-2024 compared with the same quarter in 2023. However, with just 1.67 months supply of inventory, The Palisades remained in home seller “territory” in Q2-2024.
PALISADES HOME SALES QUARTER 2 – 2024 SNAPSHOT
PALISADES HOME SALES QUARTER 1 – 2024 SNAPSHOT
MEDIAN SALE PRICE TRENDS FOR HOMES IN THE PALISADES
(ROLLING 12 MONTHS)
To track sales in The Palisades “real time,” click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Palisades home sales.
Regency at Palisades, Regency at Palisades is an exclusive, not age-restricted, active adult community situated within the Palisades neighborhood. Catering to the needs and preferences of mature adults, Regency at Palisades offers a luxurious and vibrant lifestyle set against the backdrop of the scenic Lake Wylie area. Designed with discerning adults in mind, Regency at Palisades features a range of upscale amenities and resort-style facilities aimed at promoting an active and social lifestyle. Regency at Palisades provides active adults with a dynamic and enriching living experience, combining luxurious amenities, scenic surroundings, and a vibrant social atmosphere. Whether enjoying a round of golf, attending a fitness class, or simply relaxing by the pool, residents of Regency at Palisades find themselves immersed in a fulfilling and rewarding lifestyle tailored to their unique needs and preferences.
Regency at Palisades saw a 2% increase in average home sale price, while the median home sale price remained unchanged compared with the same quarter one year ago. The average sale price increased $32,000 from Q1-2024, while the median sale price increased $21,000. The average price per square foot of $270 declined 3% year-over-year.
The number of properties sold was down 30% compared with one year ago, due primarily to the fact that new construction had been completed in this section of The Palisades. However, the number of properties for sale declined 33% also impacted the number of sales. New listings were flat at four compared with the second quarter one year ago.
Average days on market declined 26% to 49 from the same quarter one year ago and from 222 days in the first quarter 2024. It should be pointed out that remaining new construction homes that hadn’t sold in 2023 skewed the DOM statistic in Q1-2024.
The list to sale price ratio declined 3%, year-over-year, to 99.1%, providing Regency at Palisades home buyers a small window of opportunity to negotiate price. Compared with the first quarter of 2024, the list to sale price ratio increased 0.73% in Q2-2024.
The months supply of inventory declined 5% to 1.14 months from the same quarter in 2023. It also declined from 2.0 month one quarter ago. With 1.14 months supply of inventory, Regency at Palisades remained home seller “territory” in Q2-2024.
REGENCY AT PALISADES HOME SALES QUARTER 2 – 2024 SNAPSHOT
REGENCY AT PALISADES HOME SALES QUARTER 1 – 2024 SNAPSHOT
MEDIAN SALE PRICE TRENDS IN REGENCY AT PALISADES
(ROLLING 12 MONTHS)
To track sales in Regency at Palisades “real time,” click here for our Neighborhood Analyzer Report and sign up to automatically receive reports on Palisades home sales.
WHAT TO KNOW ABOUT THE PALISADES IN CHARLOTTE
The Palisades is a 1,600 acre master planned community in Southwest Charlotte, just off of Hwy 49 and situated around Lake Wylie, Charlotte area’s second largest lake. The Palisades is known for its stunning waterfront properties, lush greenery, and upscale lifestyle. Homes in The Palisades range in price from the mid-$400,000’s to over $1.5 million, with prices averaging in the higher $600,000’s. Homes range in size from 2,400+ square feet to over 5,000 square feet. Builders have included Niblock, Toll Brothers, Lennar Homes, Ryland, Standard Pacific, Shea Homes, St, Lawrence, and custom builders (Harris Construction, Kingswood, Jordan James, Stanley Martin, Arcadia, amongst others). Homes were first built in 2005 and there is still new construction in The Palisades today.
The Palisades community is comprised of some 20 neighborhoods. These include: Ashton Oaks (custom homes); Austin’s Creek; Bear Creek (gated); Briar Cliff; Crosshaven; Eagles Landing (gated); Highcliff; Lantern; Marbella; Montage; Morningside; Regency at Palisades; Rusty Creek; The Ranch (gated equestrian neighborhood); Treetops (custom homes); Turtle Point; Westerham (gated 11 home enclave); Whispering Pines.
Community amenities for all residents in The Palisades include a Clubhouse, outdoor pool, playground, tennis courts, walking trails. Additional private, membership amenities include the Palisades Country Club, which features an 18-hole Jack Nicklaus Golf Course, a Tim Wilkinson Sports complex with grass tennis courts, hard tennis court, clay courts; a yoga center, state of the art fitness center; dining options. Palisades Park offers soccer fields. There’s also an equestrian center and the Catawba Yacht Club, the Carolina Boat Club. The 1,132 acre McDowell Nature Preserve is also minutes away. This is resort-style living at its best.
One of the defining features of the Palisades is its proximity to Lake Wylie, a 13,400-acre reservoir known for its recreational activities such as boating, fishing, and water sports. Residents of The Palisades enjoy easy access to the lake, allowing them to indulge in a range of outdoor adventures right in their backyard.
Overall, The Palisades neighborhood offers a tranquil retreat from the hustle and bustle of city life, while providing residents with an unparalleled combination of luxury living, natural beauty, and community amenities. Whether enjoying a round of golf, relaxing by the lake, or exploring the surrounding area, Palisades residents find themselves immersed in a lifestyle that truly embodies the essence of Charlotte living.
CLOSE TO EVERYTHING CHARLOTTE HAS TO OFFER
With just a 30-minute ride to Uptown Charlotte, residents easily enjoy theatre, professional sports, ballet, opera, symphony and a plethora of dining options, museums and more. Local shopping is just 10 minutes away at the Rivergate Shopping Center. Baxter Town Center is just 15 minutes away. Charlotte Premium Outlets and Berewick Town Center are also just 15 minutes away from The Palisades. All the amenities and shopping in Charlotte’s upscale South Park area are just under 30 minutes away.
SEARCH FOR HOMES FOR SALE IN THE PALISADES
SEARCH FOR REGENCY AT PALISADES HOMES FOR SALE
SEARCH FOR CHARLOTTE GOLF COURSE COMMUNITY HOMES
SEARCH FOR HOMES IN SOUTHWEST CHARLOTTE
WONDERING WHAT YOUR 28278 ZIP CODE OR PALISADES HOME IS WORTH?
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