Kathy Byrnes - RE/MAX Executive at the Lake. Call directly for additional information 704-881-3930
If this happened then I'm not sure that Langtree area would be as attractive as someone suggested, even with the new facilities. Personally I like the area, but it is Iredell county schools so whilst Mount Mourne elementary is quite close, Brawley Middle and Lake Norman High are a bit of a hike,compared to if you live off HWY 150 West or Brawley School Rd. In addition- it seems unfair to pay Mooresville city taxes but not be in Mooresville city school district.
With the new I-77 exit 35 for Brawley School Rd opening in the Spring (2013) this will make access to BSR area even easier-and the widening of BSR has already made a huge improvement. Add to that the Trump National Golf course improvements, plus low homes inventory and you can only expect to see home values and the demad in that area go up.
Not sure there are many stores planned for Langtree-mainly restaurants and bars, so people will still need to go North or South for shopping.
Our experience is that today's buyer is both price sensitive and looking for a move in ready home. The new home market is very hot right now, especially where the existing homes for sale are aging, in need of renovation or updating, or where existing homes are overpriced. The problem is that many owners of existing homes at Exit 31 that would have an appropriate list price in the $400-$600k range have an inflated opinion of value or a mortgage that exceeds this amount.
Values of existing homes will increase only as the sales of comparable homes also increase. But existing homes values are often adjusted down against sales of new homes. If there is an increase in property values in this location, it will come as sales occur and to the extent that appraisers use these new home sales as comparable properties. My guess is that it will be a very gradual change. If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click.