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HomeMy WebLinkAbout20210183 Ver 4_02 Laurelbrook IP Appendices A-D SAW-2020-00886_20241108- - I r�NMENTAL Appendix A — USACE IP Application ENG-4345 ENG 4345 Application..................................................................................A32 Agent Authorization Form.............................................................................A42 Adjoining Property Owners Map.....................................................................A43 Adjoining Property Owners List......................................................................A44 ATLAS Environmental, Inc. 338 S. Sharon Amity Road #411 Charlotte, North Carolina 28211 1 704-512-1206 (o) / 828-712-9205 (m) www.atlasenvi.com I Offices in Asheville and Charlotte 31 U.S. Army Corps of Engineers (USACE) Form Approved - APPLICATION FOR DEPARTMENT OF THE ARMY PERMIT OMB No.0710-0003 For use of this form, see 33 CFR 325. The proponent agency is CECW-CO-R. Expires: 2027-03-31 The public reporting burden for this collection of information, OMB Control Number 0710-0003, is estimated to average 11 hours per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding the burden estimate or burden reduction suggestions to the Department of Defense, Washington Headquarters Services, at whs.mc-alex.esd.mbx.dd-dod-information-collections(a)mail.mil. Respondents should be aware that notwithstanding any other provision of law, no person shall be subject to any penalty for failing to comply with a collection of information if it does not display a currently valid OMB control number. PLEASE DO NOT RETURN YOUR APPLICATION TO THE ABOVE EMAIL. PRIVACY ACT STATEMENT Authorities: Rivers and Harbors Act, Section 10, 33 USC 403; Clean Water Act, Section 404, 33 USC 1344; Marine Protection, Research, and Sanctuaries Act, Section 103, 33 USC 1413; Regulatory Programs of the Corps of Engineers; Final Rule 33 CFR 320-332. Principal Purpose: Information provided on this form will be used in evaluating the application for a permit. Routine Uses: This information may be shared with the Department of Justice and other federal, state, and local government agencies, and the public and may be made available as part of a public notice as required by Federal law. Submission of requested information is voluntary, however, if information is not provided the permit application cannot be evaluated nor can a permit be issued. One set of original drawings or good reproducible copies which show the location and character of the proposed activity must be attached to this application (see sample drawings and/or instructions) and be submitted to the District Engineer having jurisdiction over the location of the proposed activity. An application that is not completed in full will be returned. System of Record Notice (SORN). The information received is entered into our permit tracking database and a SORN has been completed (SORN #A1145b) and may be accessed at the following website: htt[)://dr)cld.defense.aov/Privacy/SORNsindex/DOD-wide-SORN-Article-View/Article/570115/a1145b-ce.aslp (ITEMS 1 THRU 4 TO BE FILLED BY THE CORPS) 1. APPLICATION NO. 2. FIELD OFFICE CODE 3. DATE RECEIVED 4. DATE APPLICATION COMPLETE (ITEMS BELOW TO BE FILLED BY APPLICANT) 5. APPLICANT'S NAME 8. AUTHORIZED AGENT'S NAME AND TITLE (agent is not required) First - Jim id - st - Mac Company - presti or tlo First - Jennifer Middle - Last - obertson Company - Atlas EEnvironmen.Tn E-mail Address - jim.mac@pres tgecorp.com E-mail Addre'°� r �robertson atlasenvi.com 6. APPLICANT'S ADDRESS: 9. AGENT'S ADDRESS: Address- 7224 Jameson Way Address- 338 S. Sharon Amity Road #41 1 City - Stanley State - NC Zip - 28164 Country - US City - Charlotte State - NC Zip - 28211 Country -US 7. APPLICANT'S PHONE NOs. w/AREA CODE 10. AGENTS PHONE NOs. w/AREA CODE Mobile Fax Mobile Business Fax +19805053297 +18287129205 +t7045121206 Ext. STATEMENT OF AUTHORIZATION 11. 1 hereby authorize, Jennifer Robertson to act in my behalf as my agent in the processing of this application and to furnish, upon request, supplemental information in support of this permit application. SIGNATURE OF APPLICANT DATE NAME, LOCATION, AND DESCRIPTION OF PROJECT OR ACTIVITY 12. PROJECT NAME OR TITLE (see instructions) Laurelbrook 13. NAME OF WATERBODY, IF KNOWN (if applicable) 14. PROJECT STREET ADDRESS (if applicable) Terrapin Creek Address Terrapin Creek 15. LOCATION OF PROJECT city- Catawba State- NC Zip- 28609 Latitude: -N 35.6472 Longitude: -W _80.99297 16. OTHER LOCATION DESCRIPTIONS, IF KNOWN (see instructions) State Tax Parcel ID 460901378911, 460901478, Municipality Section - Township - Range - ENG FORM 4345, MAR 2024 PREVIOUS EDITIONS ARE OBSOLETE. Page 1 of 3 17. DIRECTIONS TO THE SITE The proposed project site is located at 1778-1848 Wooten Street, Catawba, North Carolina 28609. Project is generally located between Mollys Backbone Road and Hopewell Church Road. Main entrance to property is located at the end of Wooten Street at 1778-1848 Wooten Street, Catawba, NC 28609. 18. Nature of Activity (Description of project, include all features) Prestige Corporation proposes development of approximately 1700+ homes on approximately 875 acres on the Eastern side of Wooten Street, Southeast of Hopewell Church Road (SR 1834), and on the Western side of Mollys Backbone Road (SR 1835), in the Sherrills Ford community for a residential development. The area of development for application request includes the construction of 1700+ single-family homesites, roadways, and walking and nature trails. Total permanent impacts to jurisdictional aquatic resources for the proposed project include 995 linear feet (0.12 AC) of perennial and intermittent streams and 0.043 acres of wetlands for the purpose of road crossings. Crossing 1 of perennial stream includes (S 1) Fill Permanent of 23 LF (0.001 AC) and (S2) Rip Rap / Pump Around Temporary of 61 LF (0.004 AC) and (WI) Fill Permanent of 0.043 AC of wetlands. Crossing 2 of perennial stream includes (S3) Culvert Permanent of 155 LF (0.006 AC) and (S4) Fill Permanent of 41 LF (0.002 AC) and (S5) Rip Rap / Pump Around Temporary of 31 LF (0.002 AC). Crossing 3 of perennial stream includes (S6) Culvert Permanent of 156 LF (0.046 AC) and (S7) Rip Rap / Pump Around Temporary of 98 LF (0.030 AC). Crossing 4 of perennial stream includes (SS) Culvert Permanent of 26 LF (0.002 AC) and (S9) Culvert Permanent of 26 LF (0.001 AC) intermittent and (S 10) Rip Rap / Pump Around Temporary o1'51 LF (0.001 AC). Crossing 5 ofperennial stream includes (S11) Culvert Permanent of 102 LF (0.014 AC) and (S12) Rip Rap / Pump Around Temporary of 39 LF (0.005 AC). Crossing 6 of perennial stream includes (S13) Culvert Permanent of 156 LF (0.019 AC) and (S14) Rip Rap / Pump Around Temporary of 75 LF (0.009 AC). Crossing 7 of perennial stream includes (S15) Culvert Permanent of 310 LF (0.029 AC) and (S16) Rip Rap / Pump Around Temporary of 70 LF of (0.006 AC). 19. Project Purpose (Describe the reason or purpose of the project, see instructions) The purpose of the proposed project is to construct a large-scale (1700+ homesites), low -density residential community with modern amenities in the greater Charlotte Metropolitan region. The proposed development will include approximately two dwelling units per acre and provide adequate common space, buffers, and setbacks. A T E 2 DREgGED A FILL MA T D AJL f'fA'P'v 20. Reason(s) for Discharge Culvert installation for five road crossings and permanent impacts associated with sewer crossing previously permitted as a temporary trench. 21. Type(s) of Material Being Discharged and the Amount of Each Type in Cubic Yards: Type Type Type Amount in Cubic Yards Amount in Cubic Yards Amount in Cubic Yards See Appendix C 22. Surface Area in Acres of Wetlands or Other Waters Filled (see instructions) Acres X 0.000528 or SEE IP PACKAGE FOR COMPLETE LIST OF WATERS IMPACTED Linear Feet 23. Description of Avoidance, Minimization, and Compensation (see instructions) Avoidance and Minimization: The proposed project has been designed to avoid higher quality streams and wetlands to the greatest extent possible. Buildable lots have been designed and sized to the minimal allowable extent according to zoning and setbacks. Trails and other amenities have been realigned away from aquatic features to the greatest extent possible and bridges used when aquatic features must be crossed. Associated infrastructure has been sited to minimum spatial extents to accomplish the project purpose and need. Retaining walls are proposed to avoid and further reduce impacts to aquatic resources. Compensatory mitigation is proposed in the form of in -lieu fee mitigation. Total permanent impacts to jurisdictional aquatic resources for the proposed project include 995 linear feet (0.12 AC) of perennial and intermittent streams and 0.043 acres of wetlands. Compensation: ENG FORM 4345, MAR 2024 Page 2 of 3 24. Is Any Portion of the Work Already Complete? X❑ Yes ❑ No IF YES, DESCRIBE THE COMPLETED WORK Phase 1 of the site develop began in 2022 with the construction of an NC DOT connector road (Acadia Parkway) and the extension of a sewer line. Clearing for Phase 1 access roads and homes sites has started. All work in uplands except for activities previous permitted under NWP 14 and 58 and revised impacts under NWP 14. 25. Addresses of Adjoining Property Owners, Lessees, Etc., Whose Property Adjoins the Waterbody (if more than can be entered here, please attach a supplemental list). a. Address- 1778 Wooten St City - Catawba State - NC Zip - 28609 b. Address - City - State - Zip - c. Address - City - State - Zip - d. Address - City - tA I State , )ZI I Py e. Address - City - State - Zip - 26. List of Other Certificates or Approvals/Denials received from other Federal, State, or Local Agencies for Work Described in This Application. AGENCY TYPE APPROVAL" IDENTIFICATION DATE APPLIED DATE APPROVED DATE DENIED NUMBER USACE NWP 14 and 58 SAW 2022-00886 01/25/2022 08/15/2022 NC DWR 401 20210183 v 3 10/13/2023 11/30/2023 USACE NWP 14 SAW-2022-00866 10/13/2023 12/11/2023 Would include but is not restricted to zoning, building, and flood plain permits 27. Application is hereby made for permit or permits to authorize the work described in this application. I certify that this information in this application is complete and accurate. I further certify that I possess the authority to undertake the work described herein or am acting as the duly authorized agent of the applicant. /s/ - provided on authorized agent form Jennifer Robertson SIGNATURE OF APPLICANT DATE SIGNATURE OF AGENT DATE The Application must be signed by the person who desires to undertake the proposed activity (applicant) or it may be signed by a duly authorized agent if the statement in block 11 has been filled out and signed. 18 U.S.C. Section 1001 provides that: Whoever, in any manner within the jurisdiction of any department or agency of the United States knowingly and willfully falsifies, conceals, or covers up any trick, scheme, or disguises a material fact or makes any false, fictitious or fraudulent statements or representations or makes or uses any false writing or document knowing same to contain any false, fictitious or fraudulent statements or entry, shall be fined not more than $10,000 or imprisoned not more than five years or both. ENG FORM 4345, MAR 2024 Page 3 of 3 U.S. Army Corps of Engineers (USACE) ENG 4345 PROJECT INFORMATION SHEET (ITEMS 1 THRU 3 TO BE FILLED OUT BY THE CORPS) 1. APPLICATION NO. 2. FIELD OFFICE CODE 3. DATE RECEIVED 11 /08/2024 (ITEMS BELOW TO BE FILLED OUT BY APPLICANT) 4. SELECT THE TYPE OF PERMIT YOU'RE REQUESTING ❑ Standard ❑ Letter of Permission ❑ General Permit 5. SELECT A DEVELOPMENT TYPE ❑ Commercial ❑ Non-commercial ❑ Government/Tribal 6. APPLICABLE STATUTORY AUTHORITY ❑ Section 404 Clean Water Act ❑ Section 10 Rivers and Harbors Act ❑ Section 103 of the Marine Protection, Research, and Sanctuaries Act ENDANGERED AND THREATENED SPECIES 7. DESCRIBE YOUR CURRENT KNOWLEDGE OF ENDANGERED SPECIES THAT MAY BE AFFECTED BY ACTIVITIES OCCURRING WITHIN THE PROJECT OR ACTION AREA Tricolored bat,Schweinitz's sunflower, Dwarf -flowered heartleaf ADDITIONAL AFFECTED SPECIES: The western half of the property was extensively logged between 2010 and 2013 and the Southeastern portion of the property was logged between 2017 and 2018 based on Google Earth aerial imagery. The property has been leased to a hunt club and used for hunting during the various seasons. There are many roads and trails that traverse the property. The powerline rights -of -way are cleared. Phase 1 of the project was permitted in 2020. Phase 1 included the construction of a NCDOT connector road between Mollys Backbone and Hopewell Church Road. It also included initial development of the residential home sites that would occur as part of Phase 1 development. The only species documented on site during T&E species surveys was the Dwarf -flowered Heartleaf. All populations of this species were avoided by the proposed project. No impacts are expected to the Dwarf -flowered Heartleaf. No impacts are expected to any other T&E species. We have received concurrence from USFWS in a letter dated April 8, 2020 and in subsequent email communications. HISTORIC PROPERTIES 8. DESCRIBE YOUR CURRENT KNOWLEDGE OF HISTORIC PROPERTIES THAT WOULD HAVE THE POTENTIAL TO BE IMPACTED BY ACTIVITIES OCCURRING WITHIN THE AREA OF POTENTIAL EFFECT/PERMIT AREA There are no historic resources which would be affected by the project. We have received a letter from the NC Department of Natural and Cultural Resources State historic Preservation Office dated April 15, 2020. NATIONAL WILD AND SCENIC RIVERS 9. IF THE PROPOSED ACTIVITY WOULD OCCUR IN A NATIONAL WILD AND SCENIC RIVER SYSTEM OR IN AN OFFICIALLY DESIGNATED STUDY RIVER, LIST THE RIVER OR STUDY RIVER SECTION 408 USACE CIVIL WORK PROJECTS 10. WILL THE PROPOSED ACTIVITY REQUIRES PERMISSION FROM THE USACE PURSUANT TO 33 U.S.C. 408 BECAUSE IT WILL ALTER OR TEMPORARILY OR PERMANENTLY OCCUPY OR USE A U.S. ARMY CORPS OF ENGINEERS FEDERALLY AUTHORIZED CIVIL WORKS PROJECT? ❑ Yes 0 No ❑ I'm not sure 11. IF BLOCK 10 IS YES, HAVE YOU SUBMITTED A WRITTEN REQUEST 12. IF BLOCK 11 IS YES, PROVIDE THE DATE YOUR REQUEST WAS FOR SECTION 408 PERMISSION FROM THE USACE DISTRICT HAVING SUBMITTED TO THE DISTRICT JURISDICTION OVER THAT PROJECT? ❑ Yes ❑ No SECTION 103 OF THE MARINE PROTECTION, RESEARCH, AND SANCTUARIES ACT 13. HAS THE PROPOSED DISPOSAL SITE BEEN DESIGNATED FOR USE BY THE ADMINISTRATOR, EPA, PURSUANT TO SECTION 102(C) OF THE MARINE PROTECTION, RESEARCH, AND SANCTUARIES ACT OF 1972, AS AMENDED (33 U.S.C. 1413)? ❑ Yes ❑■ No 14. IF BLOCK 13 IS NO, DESCRIBE THE CHARACTERISTICS OF THE PROPOSED DISPOSAL SITE AND AN EXPLANATION AS TO WHY NO PREVIOUSLY DESIGNATED DISPOSAL SITE IS FEASIBLE 15. DESCRIBE KNOWN DREDGED MATERIAL DISCHARGES AT THE PROPOSED DISPOSAL SITE 16. PROVIDE THE EXISTENCE AND DOCUMENTED EFFECTS OF OTHER AUTHORIZED DISPOSALS THAT HAVE BEEN MADE IN THE DISPOSAL AREA (E.G., HEAVY METAL BACKGROUND READING AND ORGANIC CARBON CONTENT) I I Fri opy 17. PROVIDE THE ESTIMATED LENGTH OF TIME DURING WHICH THE 18. PROVIDE THE SOURCE OF THE MATERIAL DISPOSAL WOULD CONTINUE AT THE PROPOSED SITE (in months) 19. DESCRIBE THE TYPE AND COMPOSITION OF THE MATERIAL 20. DESCRIBE THE METHOD OF TRANSPORTATION AND DISPOAL OF THE MATERIAL 00 CL CZ 3 O a a 0) .a Q cz d a a a a O o U a N N W Z U O Z H � w � O U }' c� a U o z z N ,3 O OC CA z a L U 7 a Q m X d a a a o J p � p � �t O a CA Cl) 70 O U Q ci a a a O � � U Q w Lo7z a¢ � O a m o a W a V a • w En c- v; c O -0 a) m m L fL6 c O O N O a) O CD L In "O a �_ c 0 a) a) Ln En E F U) c co 0 2 OU E L U cn N a) P > O cn In O U U 7& Cv O m O D) O O L .0 O y U (D(6 O U -0 E m U a) a) a) E a L ) , Q N a] c En H c y En a) O O cn U (6 (6 U a) L a) m c c� o� O c O_ U (p Q cc6 :3 a) O U L U) i > m .15 a) :3 a) > U N _ L U a) CQ _ c6 E a)a)Q -0 � O 0 m O a) E O E O c O m a)rl = n _CL L _ TL. U L a) Q E m O () } L O a) m L . O cn O C L U (A O a) � E U O_ U r U p a) U S O a) O mO mEn (6 a) O a)X m a a) E o a) E n3 _ a Q) U% O a)U a)O 7 _ z L O O O O E�� L O E I ai 0 CL E E C X 0 4Fc O U Ya) O J a) 0- Y L >+ L O 00 L.L — 0 N L) U U ^ W L a) 0 a) a) _[6 L L O 7 a) O � co O c _ a) o �� E E C �o a w m m c a) m U) O L L m E c L O U ++ m U O_m E f4 O U .L O LY R U O = a) d o x W t. c In � w_ C -E _U O _ 0 _0 a) L (� V) fn a) >� C a) L O O c y a) a) a) f4 Q) cn 0 (0 -0 0 .0 L E m p a) cn O c m � O L m E o m o L 300_ _' O Uto a) zm7 c c •0 c c v)0 m �� UU� a)0 a)a)�a)a) OU .0 n Z>, O N O_ U O O Q) Q) O d.c m (6 Q }� O 0U a) E o O m o)v0 Q O O (/� 0 yY L L O u).G1 (6 E H E R ED 0 o D D L)� o L M 0 = U) 3 a) Z C6} U000w0ty-cn O u m p L Z i L Z O U = L O O L 3 C O.7- r R a) U d V O E L6 u O L mc� a�� r Ho �, �� G� �-0 Q W a m — a ILI pool a a J N N LL 7 N J Y m m C m a a a a cr N O U c d a a o �n Q � � O a � O U a m 0 Q o W a � O a -� O y � a y z y w TLAS EWIRONMENTAL AGENT AUTHORIZATION FORM U.S. Army Corps of Engineers, Wilmington District Attn: Mr. Scott McLendon, Chief, Regulatory Division PO Box 1890 Wilmington, North Carolina 28402-1890 -and- NC Division of Water Resources, Water Quality Program Wetlands, Buffers, Streams — Compliance and Permitting Unit Attn: Mrs. Karen Higgins, Supervisor 1617 Mail Service Center Raleigh, North Carolina 27699-1650 I, the current landowner, lessee, contract holder to purchase, right to purchase holder, or easement holder of the property/properties identified below, hereby authorize Atlas Environmental Inc to act on my behalf as my agent during the processing of permits to impact Wetlands and Waters of the US that are regulated by the Clean Water Act and the Rivers and Harbors Act. Federal and State agents are authorized to be on said property when accompanied by Atlas Environmental Inc staff for the purpose of conducting on -site investigations and issuing a determination associated with Waters of the US subject to Federal jurisdiction under Section 404 of the Clean Water Act and/or Section 10 of the Rivers and Harbors Act of 1899 and Waters of the State including 404 Wetlands, Isolated Wetlands, and other non-404 Wetlands subject to a permitting program administered by the State of North Carolina. Atlas Environmental Inc is authorized to provide supplemental information needed for delineation approval and/or permit processing at the request of the Corps or NC DWR Water Quality Program. Project Name: Property Owner of Record: —_ Contact Name: Steven Bailey Address: 21000 Torrence Chapel Rd, Ste 100 Address: Cornelius, NC 28031 Phone/Fax Number: 704-892-7790 Email Address: steve@pcdllc.net Project Address: Project Address: Tax PIN: Signature: ---------- Date: 5.1.2020 . Environmental Inc. 338 S. 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z Q W W 0 n, Qz ZZ Of �UmUU)D0 ZU~ W Of O 0 z w W O 0 Q= Q LL Q F-- 122ofofc)w U QD I— M I-- M LO 00 qqt I-- O 0')1-- LO N LO I-- M Cfl — M I-- CA CA LO I-- I-- 1-- 00 O 00 M O qqt M qqt M M Cfl CA � CA I-- qqt qqt I-- I— I-- O O 00 N I-- M Cfl M LO O 00 CA -- N I-- O E M— 0 0qqt 00 N LO CA Mqqt CA Cfl CA LO N O LOqqt CA LO M Cfl O M O — 00 I-- 1-- — O I-- M I-- O 1-- O I-- N O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O CA 0 0 0---- 0 0 0 0 0— 0 0 O O O O O O O O O CD � O O O O O O O CD M M CD M I O� M M CD M I O� M M Nt Nt Nt Nt Nt Nt Nt Nt Nt Nt������ T r O t7A co d 1.- �NMENTAL Appendix B — Resource Maps Aquatic Resources Sketch Map...................................................................... B50 ParcelMap................................................................................................B68 TopographicMap........................................................................................ B69 AerialImagery Map..................................................................................... B70 USGS Topographic Map.............................................................................. B71 USGS Topographic Map Vicinity.....................................................................B72 USGS 1-24,000 Quadrangle Map...................................................................B73 FEMAMap................................................................................................ B74 Digital Elevation Model.................................................................................B75 National Hydrographic Dataset......................................................................B76 National Wetland Inventory ........................................................................... B77 Stream Classification...................................................................................B78 Web Soil Survey and Hard Copy....................................................................B79 HUC 12 Watersheds....................................................................................B82 HUC 08 Watersheds....................................................................................B83 ATLAS Environmental, Inc. 338 S. Sharon Amity Road #411 Charlotte, North Carolina 28211 1 704-512-1206 (o) / 828-712-9205 (m) www.atlasenvi.com I Offices in Asheville and Charlotte 49 Figure 4 Pages 1-18 Project Overviews - Pages 2 - 4 Project Detail Sheets - Pages 5 - 14 Aquatic Resources Tables - Pages 15 - 18 Legend for Map Pages Conservation Easement Review Area Project Parcels Stream_ Perennial Stream_ Intermittent Wetland Contours_2 Ft Streets Hunting Pond Page 1 of 18 L LZ8Z 'ON a}}olaoyO L Lt# `pa (I!-v uoao4S 'S 922 I71N3W Nd SYIV%L) L6Z66'08— 'OZ/ VT92 :sa}owipJo00 6099Z `0N 0gM0400 ;@@JIS ua400M 9t9 l — 9LL l suaow aaopoayl -in 011 na0 agoJodjo0 a6i}saJd :god 0 y/N :pa}opdn o� OZOZ '90 AJonuop :a}o0 � I I L LZ9Z 'ON a}}oIJ040 L6Z66'08— 'OZLb9'92 :sa}owipJoo0 spiow aiopoayl •Jw llb# 'P2j xl!wd uojo4S 'S a IVIN3WN0 6099Z `ON ogMoIoO 0-n .^a0 a}oiodio0 abi}said :ioj C�1_J'�1 a 499a}S ualooM 8t8 L — 9LL L y/N :pa}opdn s V l� i%��) U O LU J ) o S a p r) ]] OZOZ '90 Xionuor :a}oa FLO _ U - a a� 9 _ c� E 3 l� o') C 0) (0 a L LZ8Z 'ON a}}OIJDgO L6Z66'09— 'OZLbg'g2 :sa}owipJo00 suaow aaopoayl •Jw L Lt# `pa (I!-v uoao4S 'S 922 IV. 1N3WNd 6092Z 3N Dgmi:)}fOo Oil 'AG(] agoJodjoO a6i}saJd :god SYIV%L) c ;aaaIs ua400M 8t8 l — 8LL l y/N :palopdn U O l JJ Do s a p D] OZOZ 'g0 AJonuor :a}OQ Of� II e U q U �g 0. _a � 5 C'1 0LL >0 J T C 00 O W Z I 0 m a20 0 LL U Q � M C � O O >0 O I t0 O w. 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O N (D E CL � � O LL W N CO � ^ N J Z V O L O O a -j LL O N 0 N M L 73 fu r'1 �u M N Q� C� O CO Lri N n M fu c L O U x 2 O . � - � ■ z �a] • % �j13 - u - ) k ^ Ck� 2 ƒ �0 % ƒ E ? \ % \ § \ § . ` P i~ » § ] d cƒ 3 - / ( �2� 3 \ CD % O , ) )( §)(Ij } E \ \ \ \ k ) { ƒ § g • ) % . E A j } f4J Ile ] / . - _ � � � e 2 \ � 2 / \ f 2 \ q Ln e k ) 00 � \ \ % / / k / ( $ / ¢ E 2 E \ \ , u 2 . % \ 0 \ ƒ / S. / d � ƒ / Q w 2 ± L9 Z � k � Ln Ln A ) S d LU 13113 m CD 4 F •:• _ s q�... v�J APvr eE M5 C e� PsF4 Ps F PeE CeB2 CaC �c Z. CaC ChAP�cC CaD PaE3` PsF`Ps F GaD aima; PaE3kF4 MhE2 CaC PaE3CliW CaBAsB CeB3 RkA PI F e . ChA CaC CaB CaC W W AsC PaE3 PaE3 CaC � • CeB2 ti•: CaC CaD fr's CaD CaB PeE `'s: • PaE�3 , CeC2 Ps F CeC2 ce6;2 PeE CaB P.I , CeC2 P r 3 P.-aE3 �' ChA PaE3, PaE'3 RkA AsC :.:.X PaE3 MkF4 PeE q`as aB " PeE• WdE AD CeC2 Ca`C CeC2. LcB Mk PeE.. CeC+2 CeC2 Pcr CeC2 Cat C CaD°•• CeC2 MkF4 'CaD MIiE2, y PCC CaC I CaB PeECaC CeB2 / PeE CaID �CaD CaB CaQ CaC PaE3 -� CaD CaB CaC f.. y CaB CeC2 " CaC ` CaB ,I PeE - sf ; �i _. h { , i• Racoon Track Dr l., SherrillsFord Rd A Soil Map —Catawba County, North Carolina (Boundaries) MAP LEGEND MAP INFORMATION Area of Interest (AOI) r. Spoil area The soil surveys that comprise your AOI were mapped at Area of Interest (AOI) � Stom'Spot 1:15,800. Solis Please rely on the bar scale on each map sheet for map C Soil Map Unit Polygons Very stony spot measurements. e Soil Map Unit Lines Wet Spot Source of Map: Natural Resources Conservation Service Other Web Soil Survey URL: 0 Soil Map Unit Points Coordinate System: Web Mercator (EPSG:3857) . - Special Line Features Special Point Features Maps from the Web Soil Survey are based on the Web Mercator V Blowout Water Features projection, which preserves direction and shape but distorts Streams and Canals distance and area. A projection that preserves area, such as the ® Borrow Pit Albers equal-area conic projection, should be used if more Cla S t y� hansportatl accurate calculations of distance or area are required. - - - Rat 4 Closed Depression This product is generated from the USDA-NRCS certified data as Interstate Highways of the version date(s) listed below. Gravel Pit US Routes Soil Survey Area: Catawba County, North Carolina Gravelly Spot Major Roads Survey Area Data: Version 19, Sep 16, 2019 ® Landfill Local Roads Soil map units are labeled (as space allows) for map scales Ad Lava Flow Background 1:50,000 or larger. . Marsh or swamp Aerial Photography Date(s) aerial images were photographed: Apr 8, 2015—Nov 28, 2017 o� Mine or Quarry The orthophoto or other base map on which the soil lines were 0 Miscellaneous Water compiled and digitized probably differs from the background imagery displayed on these maps. As a result, some minor O Perennial water shifting of map unit boundaries may be evident. V Rock Outcrop + Saline Spot Sandy Spot _ Severely Eroded Spot Sinkhole Slide or Slip . Sodic Spot l5[.).. Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 1 /13/2020 Page 2 of 3 Map Unit Legend ._ __ Project Name: Eades Garman Location:1778-1848 Wootn Street, Catawba NC 28609 - _ 1RONMENTAL For: Prestige Corporate Development LLC Coordinates: 35.64720,-80.99297 Date: November 26, 2019 Map Unit Symbol Map Unit Name Acres in AOI Percent of AOI AsB Appling sandy loam, 2 to 6 0.7 0.1% percent slopes AsC Appling sandy loam, 6 to 10 19.0 2.2% percent slopes CaB Cecil sandy loam, 2 to 6 71.5 8.2% percent slopes CaC Cecil sandy loam, 6 to 10 96.9 11.1% percent slopes Cal) Cecil sandy loam, 10 to 15 95.5 10.9% percent slopes CeB2 Cecil clay loam, 2 to 6 percent 22.1 2.5% slopes, moderately eroded CeC2 Cecil clay loam, 6 to 10 60.2 6.9% percent slopes, moderately eroded ChA Chewacla loam, 0 to 2 percent 44.6 5.1% slopes, frequently flooded LcB Lloyd loam, 2 to 6 percent 7.2 0.8% slopes MgC Madison gravelly sandy loam, 0.0 0.0% 6 to 10 percent slopes MhE2 Madison -Bethlehem complex, 26.3 3.0% 10 to 25 percent slopes, moderately eroded MkF4 Madison-Udorthents complex, 26.6 3.0% 25 to 45 percent slopes, gullied PaE3 Pacolet clay loam, 10 to 25 136.4 15.6% percent slopes, severely eroded PcC Pacolet gravelly fine sandy 4.2 0.5% loam, 6 to 10 percent slopes PeE Pacolet soils, 10 to 25 percent 198.9 22.8% slopes PsF Pacolet-Saw complex, 25 to 45 37.1 4.2% percent slopes, stony RkA Roanoke loam, 0 to 2 percent 21.9 2.5% slopes, occasionally flooded W Water 0.9 0.1 WdE Wedowee sandy loam, 10 to 3.1 0.4% 25 percent slopes Totals for Area of Interest 873.2 100.0% IRONMENTAL Appendix C — State of the Market Reports Spectrum News 2023 — Housing demand high in NC's largest cities ............................C85 Forbes 2023 — Will the Charlotte housing Market Crash in 2024?....................................C87 Norada 2024 — Charlotte Housing Market Trends and Forecast for 2024..................... C98 ATLAS Environmental, Inc. 338 S. Sharon Amity Road #411 Charlotte, North Carolina 28211 1 704-512-1206 (o) / 828-712-9205 (m) www.atlasenvi.com I Offices in Asheville and Charlotte 84 630 CHARLOTTE > I MARCH 28, 2024 New homes continue to pop-up in and around Charlotte (Spectrum News 1/Jacob Reynolds) CONSUMER Housing demand high in N.C.'s large cities, despite rising mortgage rates, loan officer says BY JACOB REYNOLDS I NORTH CAROLINA PUBLISHED S:13 PM ET OCT. 23, 2023 CHARLOTTE, N.C. — As national mortgage rates soar to nearly 8%, housing demand in Charlotte remains high, according to a loan officer. Similar demand continues in Raleigh and in towns along the coastline, according to the same loan officer. What You Need To Know • Average, 30-year fixed rate hovering at just under 8%, according to Nerd Wallet • Demand is still high in North Carolina cities like Charlotte and Raleigh • Mix of new residents, first-time homebuyers and non -motivated sellers creating demand, loan officer says 630 CHARLOTTE > I MARCH 28, 2024 "It's no doubt a payment shock or just an interest rate shock of, 'Whoa, how did we get to interest rates close to 8%, or 8%. Or, even high 7s' And, that trickles down into what people's monthly payments are looking like," Laraway said about the current mortgage rate market. Financial advising website NerdWallet says the 30-year fixed rate mortgage average is just under 8%. On the typical $400,000 Charlotte home, the rate increase in the last year, from 5% to just under 8% adds about $650 a month to mortgage payments, according to Laraway. The increase was calculated on a $400,000 home with a down payment of 10%. "I mean this has been 12-plus months of pretty high interest rates, so the big shock isn't there," Laraway said. "I think more folks are surprised when they see a No. 7 or No. 8." Despite the increase in the last 12 months, it's doing little to stop demand in Charlotte, Raleigh and towns along the coastline. "Charlotte is an anomaly, we haven't seen big price decreases. I believe our year-to-date average is a 7% appreciation in the Charlotte area, our average home price has gone up to $400, $450 [thousand]," Laraway said. People still want to leave high-priced city rentals, while existing homeowners do not want to sell, for fear of losing their original lower -rate loan. Add in thousands of new people moving to the state, and you get the soaring demand, according to Laraway. "It's not demand like COVID, that was unprecedented. We still have a demand for housing. There's a housing shortage in Charlotte. Meaning, there are not enough houses to meet the demand of everybody moving here," Laraway added. Client response is a mixed bag for Laraway's team at LendScout by American Security Mortgage. The current rates are a surprise to many first-time homebuyers, who have not seen rates this high in their lifetimes, Laraway described. Meanwhile, older homeowners say the current rates are nothing compared to the rates seen in the 1980s and 90s, but homes were often much cheaper, Laraway added. There is some good news for buyers. Laraway said the current market is creating the first advantage for them since before the pandemic. Sellers are offering better deals on closing costs and other incentives, to combat higher monthly payments, he said. Additionally, new home builds will help alleviate some of the demand. "This is kind of unprecedented," Laraway said. "Average home price $400,000 with a 7-8% interest rate, it's gonna hurt." FORBES > MONEY > PERSONAL FINANCE Will The Charlotte Housing Market Crash In 2024? Andrew DePietro Contributor Follow I cover real estate, economics and cost of living. N� Nov 1, 2023, 10.37am EDT A view of downtown Charlotte, which has become one of the fastest growing cities in the U.S. and ... [+] GETTY Charlotte, North Carolina, is one of the hottest spots in the United States. From 1990 to 2000, its population grew by 36.6%: From 395,934 people to 540,828. From 2000 to 2010, it surged by another 35.2%: From 540,828 to 731,424 people. And though less but still impressive, from 2010 to 2020, Charlotte's population grew by almost one -fifth, from 731,424 people to 874,579• All this growth has not coincidentally led to a major surge in housing market activity in Charlotte. The city was already bubbling before the pandemic - induced frenzy of homebuying activity in 2021 and 2022. Read on to find out key trends developing in the Charlotte housing market in 2023 and how likely a housing market crash could be. Charlotte Housing Market 2023: Overview Through our analysis of housing data sourced from Redfin RDFN +8.7%, the Charlotte metro area housing market is perhaps not as hot as it was in 2021 and 2022. As a result, several core cities in the greater Charlotte housing market BETA Privacy - Terms have experienced declines in prices. That said, other housing markets in the Charlotte metro area are seeing prices still on the rise. BETA The median sale price for a home in the Charlotte metro area reached a peak of $410,000 in June 2022. As recently as July 2023, the median sale price was $400,000. As of September 2023 (the most updated data available), the median sale price in the Charlotte metro area is $390,000 — unchanged from September 2022. For the city of Charlotte proper, home prices peaked just back in June 2023, with a median sale price of $425,000. That's up by 5.1% from $385.500 in September 2022. More importantly, the new, higher price levels in the Charlotte housing market established in the wake of the pandemic are here to stay. Comparing 12-months average home prices make this clearer. For the 12- month period October 2022 to September 2023, the average median sale price in Charlotte was $399,573• Compare that to $31g,o83 for the period October 2020 to September 2021 and $271,873 for the period October 2019 to September 2020. MORE FROM FORBES ADVISOR Best High -Yield Savings Accounts Of September 2023 By Kevin Payne Contributor Best 5% Interest Savings Accounts of September 2023 By Cassidy Horton Contributor Below is a table of the 24 housing markets in the Charlotte metro area we examined, ranked in order of greatest year -over -year growth in home prices: Charlotte Housing Market by Median Sale Price 0 List of 24 housing markets analyzed in the greater Charlotte area, ranked in order of greatest increase in median sale price from September 2022 to September 2023. YOY Median Sale Median Median Median F Price Sale Price: Sale Price: Sale Price: Sale Change September September September Sept City N 2023 2022 2020 1 Waxhaw, NC 30.0% $780,000 $600,000 $392,003 $: 2 Matthews, 27 2% $582,500 $458,000 $349,000 $: 3 Daavidson, 27 0% $679,200 $535,000 $469,094 $; 4 Statesville, 26.0% $305,000 $242,000 $219,950NC $1 5 Stallings, 24.1 % $576,015 $464,000 $290,500NC $: 6 Mooresville, 10.6% $453,000 $409,660 $: $313,250NC Kannapolis, 7 8 9% $309,000 $283,750 $217,000 $1 NC e Monroe, NC 6.7% $378,750 $354,950 $255,000 $1 9 5.3% $527,190 $500,715 $306,000 $: NCmont, 10 NC rlotte, 5.1 % $405,000 $385,500 $292,000 $: Holly, 11 4.8% $335,500 $320,000 $248,000 $: NCunt Trail, 12 4.0% $415,000 $399,020 $281,000 $: NCian 13 NC Gastonia, 2 6% $289,950 $282,500 $205,000 $1 Charlotte, 14 NC metro 0.0% $390,000 $390,000 $294,950 $: area 15 NCntersville, -1.1 % $550,000 $555,878 $347,948 $: 16 Pineville, NC -2.2% $431,000 $440,525 $305,750 $: 17 -4.3% $280,000 $292,500 $186,500 $1 Macolnton, 19 Harrisburg, -7 n% Sd7n nnn A s n s s n n SdnAAQ1 S' BETA NC 1e Mint Hill, NC -7.6% $425,000 $460,000 $367,000 $: BETA onelius, 20 Cornelius, -8 1 % $468,000 $509,500 $354,750NC $: 21 Concord, -8 9% $341,000 $374,500 $268,490NC $: 22 -9.2% $245,000 $269,900 $195,000 $1 NCisbury; Kings 23 Mountain, -11.6% $225,000 $254,500 $212,000 $1 NC 24 NCddington, -20.4% $975,000 $1,224,997 $730,277 $� Table: Andrew DePietro • Source: Redfin • Get the data • Embed • Created with Datawrapper Investing Digest: Know what's moving the financial markets and what smart money is buying with Forbes Investing Digest. [Email, address Sign Up By signing up, you accept and agree to our Terms of Service (including the class action waiver and arbitration provisions), and Privacy Statement. Forbes is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply. The city of Waxhaw, which is between 25-30 miles south of Charlotte, experienced the largest year -over -year growth in home prices. It's also one of the fastest growing cities in the state. From a median sale price of $600,000 in September 2022, prices rose by 30%, reaching a median sale price of $78o,000 in September 2023. The city of Matthews is closer to Charlotte and to the southeast. Its median sale price rose by more than a quarter (27.2%), from $458,00o in September 2022 to $582,500 in September 2023. BETA Meanwhile, Weddington, which is between Waxhaw and Matthews, experienced the largest year -over -year decline in home prices. But they came down from lofty heights. In September 2020, the median sale price in Weddington was $730,277. It then surged to $1,224,997 by September 2022. A year later and the median sale price has fallen by 20.4%, to $975,00o as of September 2023. Inventory in the Charlotte Housing Market Continues to Drop In contrast to many other major housing markets, like the Las Vegas housing market, which have seen their housing inventory buildup, in Charlotte this is not the case at all. Only five out of the 24 housing markets we analyzed in the greater Charlotte area witnessed increases in available inventory year -over - year. For the Charlotte metro area overall, available inventory dropped by 16.2%, from 8,72o homes for sale in September 2022, down to 7,305 homes in September 2023. In Charlotte proper, the decline was steeper, with a drop of 22.1%, from 2,476 available homes in September 2022, down to 1,929 available homes in September 2023. Charlotte Housing Market by Inventory List of 24 housing markets in the greater Charlotte area, listed in order of largest year -over -year decline in available inventory, from September 2022 to September 2023. YOY Inventory Inventory: Inventory: Inventory: In Change September September September Se City N 2023 2022 2020 1 NCian Trail, -51.7% 83 172 110 2 Stallings, -42.4% 34 59 50 NC Kings 3 Mountain, -41.2% 50 85 13 NC 4 NCntersville, -37.2% 130 207 322 5 Mint Hill, NC -36.0% 73 114 107 6 NCddington, -34.1 % 27 41 80 7 NCcolnton, -33.7% 59 89 68 a Waxhaw, NC -29.3% 58 82 153 Matthews, 9 NC -28 1 % 64 89 112 Concord, ocord, 10 NC -26.6% 221 301 351 Charlotte, 11 NC -221% 1,929 2,476 3,109 12 Monroe, NC -19.6% 127 158 126 Salisbury; 13 NC -18.6% 153 188 142 Cornelius, onelius, 14 NC -18.6% 105 129 159 Charlotte, 15 NC metro -16.2% 7,305 8,720 9,570 area 16 Pineville, NC -11.1% 24 27 22 Ka napolis, 17 NC -8 2% 168 183 175 Holly, 1e NC -3.1% 62 64 100 BETA 19 MCmont, -1.5% 65 66 114 atonia, 20 Gastonia, 2 8% 326 317 303 BETA NC Davidson, 21 NC 3.5% 88 85 114 22 Mooresville, 6.5% 247 232 379 Statesville, 23 NC 7 0% 198 185 172 24 Harrisburg, 23.1% 80 65 50 P, Table: Andrew DePietro • Source: Redfin • Get the data • Embed • Created with Datawrapper In Indian Trail, a suburb southeast of Charlotte, next to Matthews, available inventory was cut in half. It declined by 51.7%, from 172 available homes in September 2022 to 83 available homes in September 2023. This diminishing inventory is most likely putting downward pressure on the number of active listings, which declined by 45% year -over -year. On the flip side is Harrisburg, a suburb to the northeast. It's seen its inventory expand by 23.1%, from 65 homes for sale in September 2022 to 8o homes for sale in September 2023. Accordingly, prices have dropped there, with the median sale price in Harrisburg falling by 7%, from $505,500 last September to $470,000 this September. The Percentage of Active Listings With Price Drops Has Decreased One of the more useful metrics for analyzing housing market activity is the percentage of monthly active listings that have had their listed price reduced. In BETA times when sellers are trying to move homes, typically there is an uptick in the percentage of active listings with price drops. On the other hand, in times when demand is high and inventory is low, it is more likely that price drops will decrease. That's essentially what happened with most of the Charlotte area. In the city of Charlotte, one third of active listings in September 2022 had price drops. That figure fell to only 27J% by September 2023. For the Charlotte metro area overall, almost 35% of active listings had price drops in September 2022, before falling to 27% in September 2023. Below is a table detailing the trends in the percentage of active listings with price drops in the 24 areas we analyzed in the greater Charlotte housing market: Charlotte Housing Market by Price Drops List of 24 housing markets in the greater Charlotte area, ranked in order of the greatest decrease in the percentage of active listings with price drops, from September 2022 to September 2023. YOY % with % with % with Price Price Price Price Drops Drops: Drops: Drops: Change September September September Sept City N 2023 2022 2020 1 Monroe, NC -57.4% 19.7% 46.2% 14.3% Harrisburg, 2 NC -55.2% 20.0% 44.6% 22.0% Kings 3 Mountain, -54.2% 28.0% 61.2% 0.0% NC Gastonia, 4 NC -48.3% 20.9% 40.4% 13.9% 5 Waxhaw, NC -39.4% 25.9% 42.7% 11.1% Weddington, 6 NC -39.3% 22.2% 36.6% 12.5% Ka napolis, 7 NC -31.1 % 32.7% 47.5% 12.6% Concord, ocord, 9 NC -30.5% 33.0% 47.5% 13.7% Holly, 9 NCunt -30.0% 30.6% 43.8% 12.0% DaCvidson, 10 -29.8% 18.2% 25.9% 13.2% Stallings, 11 -25.6% 26.5% 35.6% 14.0% Charlotte, 12 NC metro -22.6% 27.0% 34.9% 13.4% area Statesville, 13 NC -20.1 % 26.8% 33.5% 19.8% Trail, IndNC 14 -20.1 % 32.5% 40.7% 10.0% rlotte, 15 NC -17.9% 27.1 % 33.0% 15.2% Mooresville, 16 NC -13.5% 37.7% 43.5% 8.4% 17 NCntersville, -10.8% 32.3% 36.2% 8.7% BETA 18 NCttnews, -7.3% 25.0% 27.0% 8.9% 19 5.0% 30.7% 29.3% 15.5% BETA NCisbuM Belmont, 20 NC 7.2% 29.2% 27.3% 12.3% 21 Pineville, NC 12.5% 33.3% 29.6% 18.2% 22 Mint Hill, NC 14.0% 37.0% 32.5% 17.8% Cornelius, onelius, 23 NC 18.6% 26.7% 22.5% 16.4% 24 NCcolnton, 70.5% 44.1 % 25.8% 10.3% Table: Andrew DePietro • Source: Redfin • Get the data • Embed • Created with Datawrapper The Bottom Line on a Charlotte Housing Market Crash Based on the data and our analysis, it does not seem like the Charlotte housing market will crash. One of the biggest indicators of a looming housing crash is a significant stockpiling of housing inventory. That definitely has not occurred in the Charlotte housing market. While it's true homes for sale are sitting on the market longer than last year in the Charlotte metro area, but in the city of Charlotte proper houses are spending fewer days on the market compared to last year. Another important thing to look at when trying to anticipate a crash is the sales -to -list ratios of housing markets in a certain area. For example, when you have a sale -to -list price ratio of 99%, that means a home was sold for i% under its list price. A sale -to -list price ratio of ioi% means a home sold for i% over its list price. During housing bubbles, sales -to -list ratios tend to soar passed i00% as homebuying drives up the final sale price. In housing crashes, the opposite is true, as the original listed price sits on the market without being sold and thus has a lower final sale price when it's finally bought. In the Charlotte housing market, sales -to -list ratios have been very stable over the last three and even five years. There have been fluctuations, with some cities surpassing i00%, but the highest sales -to -list ratio reached in the Charlotte housing market was ioi.i%, in Matthews in September 2023. Follow me on Twitter or Linked.In. Andrew DePietro LFo-110wj I'm a finance writer with years of experience covering topics such as taxation, Social Security, entrepreneurship, investing, real... Read More Editorial Standards ADVERTISEMENT Join Our Conversation One Community. Many Voices. Create a free account to share your thoughts. Read our community guidelines here Log in Be the first to comment... No one seems to have shared their thoughts on this topic yet Leave a comment so your voice will be heard first. Reprints & Permissions BETA Powered by 0 OpenWeb Terms I Privacy I Feedback HOME MARKETS PROPERTIES NOTES MEMBERSHIP PODCAST LEARN A Charlotte Housing Market Trends and Forecast for 2024 uary24, 2024 By Marco Santarelli a#"UF'10XXV Housing Market Trends & Forecast Prices Sales Supply Demand With the competitive nature of the Charlotte housing market, characterized by a high percentage of the original list price received and a shortened time on the market, the current conditions favor sellers. However, buyers should navigate the landscape strategically, taking into account the reduced inventory and potential price fluctuations. Factors such as the fluctuating average sales price and inventory levels will likely influence the trajectory of the Charlotte real estate landscape. Charlotte Housing Market Trends in 2024 How is the Housing Market Doing Currently? The Charlotte housing market, as of January 2024, has witnessed notable shifts in key metrics compared to the same period in 2023. The Charlotte Metropolitan Statistical Area (MSA) encompasses Cabarrus, Gaston, Iredell, Lincoln, Mecklenburg, Rowan, and Union Counties in North Carolina, along with Chester, Lancaster, and York Counties in South Carolina. Let's delve into the comprehensive local market update provided by the Canopy Realtor® Association for January 2024. • New Listings: In January 2024, the market experienced a robust increase in new listings, with a notable uptick of +8.7% compared to the previous year, reaching a total of 2,851. • Pending Sales: Despite a slight dip of -1.0 % in pending sales, totaling 2,867, the market remains dynamic, reflecting fluctuations in buyer -seller interactions. • Closed Sales: The number of closed sales experienced a decline of -5.4%, with 1,794 transactions in January 2024, signaling a potential shift in buyer behavior or market conditions. • Median and Average Sales Prices: The median sales price showed a marginal decrease of -1.1 % to $380,655, while the average sales price surged by+7.8%to $468,535. These contrasting trends suggest a nuanced market with varying price dynamics. • Percent of Original List Price Received: Sellers saw an improved +1.9% in the percentage of the original list price received, reaching an impressive 96.6%, indicating a competitive market favoring sellers. A Investment Properties For Sale A Premier Turnkey Investment Marketplace For Investors Newly Listed Investment Properties For Sale In Affordable Growth Markets BROWSE PROPERTIES A great starting point to make money Search �Q S Popular Blogs Housing Market News 2024: Today's Market Update Existing -Home Sales Surge 9.5% in February 2024 Housing Market Predictions 2024: Will Real Estate Crash? Is It a Good Time to Buy a House or Should I Wait Until 2025? Housing Market Predictions Next 5 Years 2024, 2025, 2026 Will the Housing Market Crash in 2025? Mortgage Rates Predictions 2024: Will Rates Go Down? Economic Forecast for the Next 5 Years Florida Housing Market Predictions 2024 & Next 5 Years: Will it Crash? Where Are Housing Prices Falling 2022? Hottest Housing Markets Predicted for 2024 Housing Market Crash: What Happens to Homeowners if it Crashes? If The Housing Market Crashes What Happens To Interest Rates? HOME MARKETS PROPERTIES NOTES MEMBERSHIP PODCAST LEARN A illustrating increased buyer activity and demand. • Inventory of Homes for Sale: The overall inventory decreased by -12.0% to 4,006 homes, potentially contributing to Related Posts the competitive nature of the market. Worst Places to Live in Florida for • Months Supply of Inventory: Despite fluctuations in inventory, the months' supply remained steady at 1.4, Families & Retirees in 2023 & 2024 reflecting a balanced equilibrium between supply and demand. Stockton Housing Market 2024: Trends ")w Competitive is the Charlotte Housing Market? and Forecast Will the Housing Market Crash in Charlotte housing market's competitiveness is evident in several key indicators. The increased California in 2024? centage of the original list price received, coupled with a shortened list -to -close duration, suggests a orable environment for sellers. Buyers may face challenges due to reduced days on the market and a Salt Lake City Housing Market Trendsand Forecast 2024 ited inventory. Interest Rates Over the Last 10 and 20 Are There Enough Homes for Sale in Charlotte to Meet Buyer Demand? Years How to Invest in Real Estate for The decreased inventory, down by-12.0%, raises concerns about meeting the rising buyer demand. With Beginners in 2024 fewer options available, buyers may encounter increased competition and potentially higher prices. The How to Generate Passive Income With market dynamics suggest a need for strategic planning for both buyers and sellers. No Initial Funds? What is the Future Market Outlook for Charlotte? Naperville Housing Market Trends and Forecast for 2024 Considering the current market trends, the future outlook for the Charlotte housing market appears Honolulu Housing Market Trends and dynamic. Factors such as the fluctuating average sales price and inventory levels will likely influence the Forecast for 2024 trajectory of the real estate landscape. Monitoring these indicators will be crucial for making informed 10 Tips to Be Successful in Real Estate decisions in the coming months. Investing (2024) How Much Do Real Estate Agents Charlotte Rent Price Trends in 2024 Make Per Sale? The Zumper Charlotte Metro Area Report analyzes active listings last month across the metro cities to Passive Income Tax Rate: How Much Tax Do You Need to Pay show the most and least expensive cities and cities with the fastest growing rents. The North Carolina one bedroom median rent was $1,176 last month. Charlotte was the most expensive city with one bedrooms Tax Assessed Value vs. Asking Price: What's the Difference? priced at $1,530 while Gastonia was the most affordable city with rent at $1,000. What Does Assessed Value Mean on The Fastest Declining Cities For Rents in Charlotte Metro Area (Y/Y%) Property Taxes? Best Places to Live in North Carolina • Kannapolis rent had the largest decline, down 16.2% since this time last year. Near the Beach (2024) • Concord saw rent drop 9%, making it second. Housing Prices Are Predicted to Fall in • Gastonia was third with rent falling 6.5%. 2024: A Bold Forecast Best Places To Live In South Carolina The Fastest Declining Cities For Rents in Charlotte Metro Area (M/M%) Near The Beach 2024 • Mooresville rent had the largest decline last month, down 6%. Best Places to Live in South Carolina for Families in 2024 • Kannapolis saw rent dip 4.8%, making it second. 10 Most Expensive States to Live in the • Concord was third with rent decreasing 4.7%. US (2024) Charlotte Housing Market Forecast for 2024 and 2025 Top Whre Homa Prices Are en Prrojet dities to Rise 2024 According to Zillow, the Charlotte -Concord -Gastonia housing market is currently experiencing notable trends and forecasts. Understanding key metrics is crucial for both potential homebuyers and sellers. Let's Categories delve into the details of the Charlotte housing market. 1031 Exchange (3) Asset Protection (16) Banking (19) HOME MARKETS PROPERTIES NOTES MEMBERSHIP PODCAST LEARN A The average home value in the Charlotte -Concord -Gastonia area stands at $368,712, reflecting a 2.7% Financing (145) increase over the past year. Homes, on average, go pending in around 21 days (Data through January 31, 2024). Flipping (4) Foreclosures (27) i-Year Market Forecast General Real Estate (59) Zillow predicts a 6.3% increase in the housing market over the next year, as of January 31, 2024. Getting Started (75) Growth Markets (218) rentory and Listings Housing Market (564) For Sale Inventory (January 31, 2024): 7,168 homes are currently listed for sale. Making Money Online (16) New Listings (January 31, 2024): There are 1,940 new listings, indicating continued activity in the market. Mortgage (42) le and List Prices Passive Income (25) Personal Development (21) • Median Sale to List Ratio (December 31, 2023): The ratio stands at 0.994, indicating a balanced market between sale and list prices. Podcast (6) • Median Sale Price (December 31, 2023): Homes are being sold at a median price of $350,500. Property Management (27) • Median List Price (January 31, 2024): The median list price has reached $381,000, suggesting potential Real Estate (149) appreciation. Real Estate Investing (107) Market Dynamics Real Estate Investing (457) Real Estate Investments (89) • Percent of Sales Over List Price (December 31, 2023): 30.6% of sales are exceeding the list price. Real Estate Market (140) • Percent of Sales Under List Price (December 31, 2023): 52.1 % of sales are occurring below the list price. Real -Estate -Investments (1) The Charlotte -Concord -Gastonia Metropolitan Statistical Area (MSA) encompasses several counties, Rehabbing (6) including but not limited to Mecklenburg, Gaston, and Cabarrus. This thriving MSA boasts a housing Self -Directed IRA Investing (5) market of significant magnitude, with diverse opportunities for both buyers and sellers. Selling Real Estate (29) As the data indicates, the Charlotte housing market remains dynamic, influenced by factors such as Stock Market (4) inventory, pricing trends, and market forecasts. Whether you are considering buying or selling, staying Taxes (62) informed about these key metrics is essential for making well-informed decisions in this evolving real Trending News (40) estate landscape. Is Charlotte a Buyer's or Seller's Housing Market? Assessing whether the current state of the Charlotte housing market favors buyers or sellers is crucial for making strategic real estate decisions. With an average home value increase of 2.7% over the past year BROWSE PROPERTIES and a 6.3% 1-year market forecast, the market leans towards a sellers advantage. The relatively low median days on market (21 days) further emphasizes the demand, signaling a competitive environment for A Premier Turnkey Investment Marketplace For Investors buyers. Newly Listed Investment Properties Are Home Prices Dropping in Charlotte? For Sale In Affordable Growth Markets Contrary to a decline, the data reveals an upward trend in home prices. The median sale price of $350,500 (December 31, 2023) and a median list price of $381,000 (January 31, 2024) both indicate an appreciation in property values. Buyers should be aware that the market currently reflects a scenario of rising home prices. Will the Charlotte Housing Market Crash? As of the current data, there is no indication of an imminent housing market crash in the Charlotte - Concord -Gastonia area. The 6.3% 1-year market forecast from Zillow suggests a positive outlook, and the market's stability is reflected in metrics such as the median sale to list ratio of 0.994 (December 31, 2023). HOME MARKETS PROPERTIES NOTES MEMBERSHIP PODCAST LEARN A Considering the current market conditions, deciding if it's a good time to buy a house depends on individual circumstances. The percentage of sales under list price (52.1 %) indicates opportunities for buyers looking for deals. However, the 30.6% of sales over list price suggests a competitive environment. Prospective buyers should weigh factors such as personal finances, long-term plans, and market trends to determine if now is the optimal time to make a purchase. Dillow Home Value Index v v 1-yr 5-yr Max Charlotte -Concord -Gastonia $388K $273K $213K $153K 2016-07 2017-05 2018-03 2019-01 2019-11 2020-09 2021-07 2022-05 2023-03 2024-01 Source: Zillow Charlotte Real Estate Investment Overview Charlotte is a bustling city in North Carolina, known for its thriving economy, rich culture, and abundance of outdoor recreational activities. With a growing population and a strong job market, the real estate market in Charlotte is poised for steady growth in the coming years. The average home value in the Charlotte - Concord -Gastonia area is $368,712. Additionally, the 1-year market forecast predicts an 6.3% increase, making it a promising market for investors. One of the top reasons to invest in Charlotte's real estate market is the city's strong job market. With a diverse range of industries and companies, including the headquarters of Bank of America and Duke Energy, Charlotte has a low unemployment rate and a growing population. This combination of factors is likely to continue to drive demand for housing in the city. Another reason to consider investing in Charlotte's real estate is the city's attractive rental market. With a growing number of young professionals and families moving to the area, there is a strong demand for rental properties. The rental market in Charlotte is also experiencing significant growth and demand. With the influx of new residents and a strong job market, the demand for rental properties has been steadily increasing. This has led to an increase in rental rates. One of the main factors contributing to the growth of Charlotte's rental market is the high demand for housing in the city's urban core. Many young professionals and families are seeking to live close to the city's vibrant downtown area, and are willing to pay a premium for the convenience and amenities this area offers. This has led to a surge in new apartment developments and mixed -use properties being built in and around downtown Charlotte. Another contributing factor to the growth of Charlotte's rental market is the city's strong job market. With the presence of major employers like Bank of America, Wells Fargo, and Lowe's, many people are relocating to Charlotte for work and are looking for rental properties to live in while they establish themselves in the area. HOME MARKETS PROPERTIES NOTES MEMBERSHIP PODCAST LEARN A can provide a steady stream of rental income and the potential for long-term appreciation. Charlotte also offers a relatively affordable real estate market compared to other major cities in the United States. This makes it an attractive option for investors looking to enter the market or expand their portfolio. Finally, Charlotte has a strong and growing economy, which bodes well for the future of the real estate market. As the city continues to attract new businesses and residents, the demand for housing is likely to rease, creating opportunities for investors to capitalize on this growth. summary, Charlotte's real estate market offers investors a promising opportunity for long-term growth i income. With a strong job market, attractive rental market, affordable prices, and a growing economy, re are many reasons to consider investing in Charlotte's real estate market. References: • https://www.zillow.com/Charlotte-nc/home-values • https://www.zillow.com/Charlotte-Concord-Gastonia-nc/home-values/ • https://www.carolinahome.com/market-data/monthly-reports • https://www.zumper.com/blog/charlotte-metro-report/ • https://www.neighborhoodscout.com/nc/charlotte/real-estate • https://www.realtor.com/realestateandhomes-search/Charlotte_NC/overview FILED UNDER: About Marco Santarelli Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments —a nationwide provider of turnkey cash -flow investment property. His mission is to help 1 million people create wealth and passive income and put them on the path to financial freedom with real estate. He's also the host of the top -rated podcast — Passive Real Estate Investing. U N E E# ti C�NSTi;IJC��V11V "Go Zone" Going Gang Busters Recommended Articles: f ► ^0 WORST HOUSING MARKETS I1, IN AMERICOL A Norada in Worst Real Estate Markets in the US How To Invest in Real Estate Duringjl Recession? HOME MARKETS PROPERTIES NOTES MEMBERSHIP PODCAST LEARN A Name Email Address SUBSCRIBE !al Estate Quick Links Blog Posts timore Markets Worst Places to Live In Florida for ningham Membership Families & Retirees in 2023 & 2024 Cape Coral Notes March 28, 2024 • Marco Santarelli Charlotte Contact Us Chicago Stockton Housing Market 2024: Trends and Forecast March 28, 2024 • Marco Santarelli Will the Housing Market Crash in California in 2024? March 28, 2024 • Marco Santarelli Terms of Use Privacy Policy Testimonials Suggestions? 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