Where the new houses are being built in Charlotte (+ the 5 most expensive)

Where the new houses are being built in Charlotte (+ the 5 most expensive)
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Apartments have been getting all the attention lately, but the areas where new houses are being built also tells us some interesting things about Charlotte’s economy.

The map below is a snapshot of permits for new residences year-to-date in Mecklenburg County. It’s not going to capture everything, but it’s enough to give you a good idea of what’s going on. Be sure to zoom in on the map. It’s hard to read from a county-wide view, but if you move in and then look around you’ll pick up some trends. Keep in mind that construction cost does not equal what the sales price will be.

What I noticed

  • The southwestern part of the county is absolutely booming. There’s a huge amount of development just south of Pineville-Matthews Road by the state line, and Steele Creek is on fire from near the airport all the way down to the border. There’s a whole neighborhood (12+ homes) in the Palisades area down there that doesn’t show up on the map because Google doesn’t recognize the streets yet.
  • Good bit of activity in south Dilworth/north Sedgefield area. Roughly defined as between South Boulevard and Park Road north of Ideal Way. Looks like there’s been some tear-downs and rebuilds.
  • Not nearly as many new homes being built in Ballantyne as I would have guessed. Is the area built out at this point?
  • Elizabeth, Villa Heights and northern Plaza Midwood are well-represented.
  • West Charlotte as a whole has very little construction. But there’s a little pocket in Biddleville, right near Johnson C. Smith University, that has a flurry of activity. This bodes well for the Historic West End revitalization that’s just getting started.
  • There’s still a lot of lakeshore left to build on. Lots of permits issued around Lake Norman in Davidson, Cornelius and Huntersville.

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The 10 most expensive on the map

(1) 13900 Girl Scout Road

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Area of town: Steele Creek
Construction cost: $1.6 million
Builder: Whitlock

(2) 18205 Town Harbour Road

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Area of town: Cornelius
Construction cost: $752,763
Builder: Hyde Park Builders

(3) 16645 Cobbleview Lane

cobbleview-map

Area of town: Huntersville
Construction cost: $700,495
Builder: Simonini Homes

(4) 14023 McCord Road

Area of town: Huntersville
Construction cost: $680,834
Builder:  Hess

(5) 2761 Loch Lane

loch-lane-map

Area of town: South Charlotte
Construction cost: $672,590
Builder: Arcadia Custom Homes

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