For southwest Charlotte, the average sales price in June (see note below) for single-family homes was $207,858, and for condos/town homes was $158,650. Contact us at 704-995-4932 for detailed information on residential, investment and commercial properties in this area and the entire Charlotte region. This area is still seeing a lot of new home development, giving buyers lots of choices, and great incentives at this time. Prices on resales are down but may be beginning to stabilize. Southwest Charlotte has some of the most eco-friendly communities in the area.
For the month of June:
Number of single-family homes sold: 46 Average Listing Price: $223,252 Average Selling Price: $207,858 Selling Price Percent of Listing Price: 93.1% Average Days on Market: 117 Inventory: 10.28 months
Number of condos/town homes sold: 10 Average Listing Price: $146,697 Average Selling Price: $158,650 Selling Price Percent of Listing Price: 108.15% Average Days on Market: 161 Inventory: 11.9 months
Trends based on 6-month rolling averages: Prices: Down 9.91% in last 12 months. Time to sell: Increasing, about 3.3 months. Inventory: Continuing slow decrease at 11.9 months.
NOTE: Statistics change significantly from one month to the next; rolling averages are a better indicator of market trends.
Based on information from the Carolina Multiple Listing Services, Inc. for the period and the area noted. Statistics are updated on the 15th of the following month due to the time allowed by the MLS to enter sold data into the system.
ZIP Codes: 28273, 28278 Approximate Location Boundaries: Southwest corner of Mecklenburg County from I-485 to the shores of Lake Wylie.
Location Characteristics: Southwest Charlotte is an area that we define as the southwest corner of Mecklenburg County from I-485 to the shores of Lake Wylie. This quadrant of I-485 was opened to traffic just a few years ago, and what was once a sparsely populated piece of country with a few commercial and industrial parks has now exploded with homes and shopping. Southwest Charlotte offers easy access to Uptown Charlotte and the airport, since there are several alternate routes to those destinations, and the proximity of Lake Wylie just adds to the allure. A wide range of homes are available, from very affordable condos and town homes to luxurious developments near the lake. The Sanctuary and The Palisades are two nationally-recognized and highly desirable developments on the lake shore, and the new urbanism development of Berewick just to the north is based on a Scottish theme. Another new development, The Vineyards on Lake Wylie by DR Horton is underway north of Berewick, and Crescent Communities has just begun Chapel Cove across Shopton Road from The Sanctuary. This is a hot area that still can offer reasonably priced housing without a long commute.
About Kerry Beach:
Kerry Beach serves buyers, sellers and investors in the entire Charlotte metro area. He represents clients for homes of every size and price, plus land, farms, and investment properties, including commercial office and retail properties. Kerry is a REALTORŪ, with membership in both the residential and commercial local boards, licensed as a Broker in both North and South Carolina, and is a member of several different residential and commercial listing services. Kerry is affiliated with Helen Adams Realty, a well-known and respected Charlotte real estate agency with a long-standing reputation for personal customer service. Kerry is proud to be Quality Service Certified (www.qualityservice.org), which demonstrates his commitment to providing the best possible service to his clients.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
