Myers Park, Charlotte NC Values Up, A Look at the Over $1M Market
April 24th, 2008 Categories: Buy A Charlotte Home, south charlotte
Charlotte Real Estate Market Report- Myers Park, A Blue Chip in All Seasons, 1 st Quarter ‘08 Sold Prices up 8.7%
In a first quarter that saw Charlotte home prices fall 2.3%, in the wake of a 28% drop in demand (unit sales), there were a number of stand outs firmly in positive territory, and Myers Park was one with Average Cost per SF of Sold homes rising 8.7%, to $313/sf for the quarter. A very popular suburb, close to town, the reason is obvious if you live in an upscale suburb in most any “Big City, USA”- 313/sf is still relatively cheap. I filmed an early video of Myers Park and its arts and crafts neighbor Dilworth last fall. Now for the exact home sale numbers, 1/1/07- 3/31/07 compare to 1/1/08 to 1/31/08. All numbers are from the Carolina MLS.
Over 1 Million Home Sales Myers Park
| 2007 | 2008 | % change | |
| Unit Sales | 10 | 11 | 10.00% |
| Cost Per Sf | 288 | 313 | 8.70% |
| High | 1725000 | 2700000 | na |
Here is a closer look at the market today, how the homes for sale prices break down- there are multiple
“markets” within Myers Park.
Market Report Myers Park Homes For Sale 4-24-2008
There are 24 Homes for Sale for Under $500,000
There are 53 Homes For Sale For under $1,000,000 but over $500k
There are 29 Homes for Sale For Under $1,500,000, but over $1M
There are 27 Homes For Sale for Under $2,500,000, but over $1.5M
There are 9 Homes For Sale Over $2,500,000, top is $4.2M
Blue Chip? You bet. Convenient? Absolutely! A place for your family? Perhaps, you will have to see for yourself. For More on Myers Park
Moving to Charlotte? Considering a Move? You may Search All Charlotte Homes here. Please don’t hesitate to call me, Terry McDonald, direct at 704-351-1519
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Terry, Glad to see the Charlotte market is picking up speed. I believe that buyers are recognizing it’s an excellent time to buy.
Sandy Sibley
[...] Myers Park- The Over $1M Market [...]
Interesting that the list price per square foot in Myers Park went up this year. Do you think it’s because the highest price home is 1M more than last year, or is the group of homes for sale in Myers Park more expensive in general?