Market spotlight: Belmont’s South Point Ridge

Let’s check in with South Point Ridge in the town of Belmont, which features spacious new construction single-family homes on beautiful lots with an average sales price of approximately $270,000. This lovely neighborhood features a community pool and playground, making it great for families. Plus, the community is located just behind South Point High School.

Residents here can take advantage of all that Belmont has to offer. It is a charming town that is small, yet thriving, and offers a fantastic quality of life. Residents can enjoy a slower pace while taking advantage of a stroll through historical shops, fantastic local dining, and plenty of downtown community festivals. Belmont is located at the northern end of a large peninsula that has Lake Wylie to the south, the Catawba River to the east, and the South Fork of the Catawba River to the west. Thus, it is surrounded by lots of natural beauty, with plenty of water, rich forests, and rolling hills. It is full of southern small-town charm, yet is within close proximity to Charlotte for all of the big-city amenities you could want.

This growing South Point Ridge neighborhood has a very steady housing market with notably little fluctuation in the number of homes sold per month, in the average sales price of homes, or in the average price per square foot, which has not strayed far from $95. This consistency indicates a very stable market, which is attractive to both buyers and sellers.

With only four homes currently on the market, there is only 3.4 months of inventory in South Point Ridge, indicating a sellers market. This is lower than the inventory in Belmont or in Gaston County as a whole, which are also sellers markets.

Belmont, North Carolina, is a wonderful town that is definitely worth exploring.

 

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