The Point poised for rebound in 2012

As we’ve been anticipating  for several months, conditions in Mooreville luxury community, The Point, are primed for a rebound in 2012. Prior to years of traffic issues with Brawley School Road, the community had thrived, with out of state buyers snapping up custom homes on larger lots and Lake Norman’s shoreline. The rapid growth led to significant traffic issues, something that caused values in The Point to decline, even prior to the 2008 credit crash. The crash’s impact was in effect a double whammy for The Point, as prices declined well off peak values by 30% or more.
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We think that’s all about to change. The road widening project is now completed to 4 lanes, and the community’s aesthetics and ammenities have always had major allure to luxury buyers. The improved conditions are showing up now in the form of pending contracts in a big way. Despite it being December, there are currently 16 homes under contract in The Point, the type of number you’d normally see in May. There are also very low inventory conditions, with only 40 homes currently on the market. Add those two indicators to the fact that there are only 2 distressed homes listed in The Point, and you have ripe conditions for people to begin battling for homes there in the spring.imitation oakley sunglasses buy ray ban sunglasses