• January 05, 2016
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  • In Category : In the News

Lake Norman Homes for SaleMeritage Homes built Tree Tops at Cowan’s Ford offers location, lake and city proximity and a country club for a lot less than you might expect to pay for the lifestyle at Lake Norman!

Located in Stanley on the southwest shore of Lake Norman, Tree Tops’ homes range in price between $300,000 and $600,000. The subdivision is sister property to Cowan’s Ford Country Club, which Tree Tops residents can join and enjoy.

Fewer than 1 home per month has sold in Tree Tops. As of Jan. 5, there are 8 homes on the market; none is under contract. There is a mix of 2015 construction and first phase homes from 2006 and 2007 on the market.

The average sales prices for a home in Tree Tops is just above $430,000 for the last 12 months. The price per square foot has remained relatively stable at about $122 per square foot.

Tree Tops has approximately a year’s inventory currently. That’s twice the total for all of Stanley and Lincoln County, which have 6.2 and 6.4 months, respectively. The top price of a home sold in Tree Tops during the last 12 months was $489,000, the lowest sold price is $387,000. The 7 homes sold during the last 12 months closed for an average of 96% of list price. lake-norman-tree-tops-homes

Given how few homes sell each month in Tree Tops, potential buyers have some negotiating power when it comes to previously occupied homes. If new construction is what you are looking for then Tree Tops has that, too!

If you are thinking about homes for sale in Lake Norman call Carolinas Metro Realty today at 704-900-2112.