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Neighborhood Spotlight: The Farms

The Farms is a beautiful and spacious community located in Mooresville, North Carolina. This neighborhood is settled on the shore of Lake Norman providing outdoors space for families or couples to spend time together. Not only is each lot already three-quarters of an acre roughly, residents can enjoy The Homestead Amenities Center. This center includes many activities for residents to enjoy themselves. There is an olympic-sized swimming pool, fields for soccer, baseball, and softball, a community playground and picnic area, exercise center, and a fitness trail. The full-time activities director is always there to make sure every participant is having fun.

The advantages don’t stop inside the neighborhood. In addition, The Farms is located in a great school district for families and in southern Iredell County with lower property taxes. Easy access to crossroads of I-77 and I-40 allow residents to reach Charlotte fairly easily for fun shopping trips or nights out with the family for entertainment purposes.

Currently, there are 4.1 homes on the market. There are 15 homes on the markets and 3.7 homes sold per month in The Farms. This slightly below the inventory for Mooresville and Iredell County, which are 4.4 and 4.5 months. Also, The Farms has seen an increase in average sales price from $549,686 to $559,651. However, this rise is small compared to the spike through the year. The average sales price increase about $15,000 and then dropped back down about $12,000. Similarly, the average price per square foot had the same trend. Although it spiked in the past year, it only rose by $0.33. The average price per square foot changed from $139.61 to $139.94. Of currently listed homes, the average listed price is $617,340. Also, the highest price is $765,000, and the lowest price is $349,500.

Come check out The Farms today!

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