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Any advise on Prov Downs & Prov Down South?
See lots of foreclosures in Prov Downs South, lots of emplty builder specs.
Sandy Ridge good school?
Any Jewish People living in the area?
Thanks dazed and confused....
First off...come and buy my house in Providence Downs. ;-)
There are a few foreclosures that I know about in both neighborhoods...both neighborhoods are great. The Elementary School for Providence Downs in Marvin, which is fabulous. We also spent 2 years at Sandy Ridge and it is also just as great.
We have know several jewish families in the area as well!
The problem with Providence Downs, as well as a number of developments in that area...too many people overextended and bought something they couldn't afford. I would suggest that Providence Downs will end up the Charlotte area poster boy for the sub-prime problem.
The boom busted and unfortunately a great number of them didn't get out in time.
Let me be clear, this doesnt suggest that everybody in Providence Downs in overextended....it just appears from data I watch closely that the development is fast becoming the foreclosure capital of Charlotte.
It is a beautiful place...I just hope it can sustain the hurricane that is moving upon it.
The problem with Providence Downs, as well as a number of developments in that area...too many people overextended and bought something they couldn't afford. I would suggest that Providence Downs will end up the Charlotte area poster boy for the sub-prime problem.
The boom busted and unfortunately a great number of them didn't get out in time.
Let me be clear, this doesnt suggest that everybody in Providence Downs in overextended....it just appears from data I watch closely that the development is fast becoming the foreclosure capital of Charlotte.
It is a beautiful place...I just hope it can sustain the hurricane that is moving upon it.
Where did you get this info. ...I only know of 2 foreclosures here in P Downs...? Can you post some actual stats...thanks.
Those two subdivisions are not the only ones experiencing foreclosures right now. I personally think there is an oversupply of upscale homes in Union County right now and any upscale neighborhood you go to you will see the same thing - empty lots and some foreclosures. Builders are weary of building right now with the economy so it is best to just sit on the lot and wait until it all turns around. I will say that the two neighborhoods seem to attract people who "overextend" themselves. There are people who can afford it though and maintain their homes. You can tell who can and can't afford it. That doesn't mean you should give up on those neighborhoods. They are in a great location (between 521 and Rea Rd) and good schools. Once the economy turns around and the neighborhood is finished (Prov Downs South) I think it will be a beautiful neighborhood. It is just experiencing some "growing pains" right now.
I agree Mike....Providence Downs is a great neighborhood...the homes and the lots are really attractive. And you are so right about the location.
As for foreclosures, my realtor gave me a list. Check with any realtor and they can give you information. It has been a couple months ago, but as I recall there were at least 8 houses on the list and that did not include those that were deemed "pre-forclosure."
I agree Mike....Providence Downs is a great neighborhood...the homes and the lots are really attractive. And you are so right about the location.
As for foreclosures, my realtor gave me a list. Check with any realtor and they can give you information. It has been a couple months ago, but as I recall there were at least 8 houses on the list and that did not include those that were deemed "pre-forclosure."
I guess I wouldn't consider that too bad since in the original P Downs we have over 300 homes. I am not sure how many homes are in P Downs South.
There are 50 homes listed on the mls for the original Providence Downs (approx 10 are under contract).
There are 57 homes listed for sale on the mls for Prov. Downs South
Obv this doesn't include foreclosures, FSBO's, or new construction.
A major buyers market, just like most other UC subdivisions....
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