CharlotteCommunitiesOnline

Your Introduction to Charlotte - the Heart of the New South©

Whats Hot Whats NOT in Charlotte Neighborhoods 2014

February 6th, 2015 Listed Under: Charlotte News and Real Estate, Real Estate

Terry’s Top HOT Twenty Subdivisions in Charlotte | 2014 EditionCharlotte Core area

I’m often asked the question, “How is the re-sale value here?”  and it is usually a combination question …” Are Prices going Up? If I had to sell, how easy (hard) would it be?  This roughly relates to my TERSCORE© a proprietary  composite score measuring increased sales (units), increase in prices ($/sf) and a measure of velocity, the number of sales in less than 30 days in 2014. Ranked on a 100 point scale, where over 100 is sizzling hot, 90-100 is very hot, and above 80 is still outstanding.  So far, this is our best measure of that very relative term, “Re-Sale Value.”

All of our data is derived from the Carolina MLS, we searched a wide area.  We reviewed more than 80 area subdivisions with at least 10 sales, average home values between $100,000 and  $800,000.  We evaluated the data based on 3 criteria, the top subs  had  increases in units sold and  increases in home prices,  the percent increase.  We then  looked at what percentage from that neighborhood sold in UNDER 30 Days in 2014  We  assigned weights to each value to come up with our TERSCORE©

Those with a TERSCORE over 80 would be quite compelling, neighborhoods with excellent re-sale, above 60 good re-sale.   But there are many good neighborhoods below that, so this is just one data point. This is our 2nd year with TERSCORE,  there are some comparisons to 2013 below, but there are many of the usual suspects.  🙂

 Top HOT Twenty  Subdivisions

Terscore

The Arts District 112.5
The Point 112.1
The Reserve 112.1
Dilworth 103.1
Victoria Bay 103.1
Westmoreland 93.8
Sedgefield 90.0
Cureton 90.0
Laurel Park 87.8
Birkdale 87.8
Lawson 87.8
Millbridge 87.8
Heritage Green 87.8
Vermillion 86.3
Sun City Carolina Lakes 86.3
Chantilly 86.3
The Farms 82.8
Midwood 82.5
Cotswold 82.5
Callonwood 82.5

monthly payments

Overall the pace of increase in both sales and prices slowed in 2014. Where 2013 just blew out 2012, the Top Ten gains in 2014 were lower than’13 but still strong at a27% increase in volume, unit sales increased 4%, but the pace of sales, the relative Hotness of our TOP 10,  increased from 35 to 40%.   The Best homes in the best neighborhoods sell FAST!

Regionally, south Charlotte was still the “winner” with 6 of the Top 20 Communities, 4 from Union County, 5 from the Huntersville-Cornelius area, and 2 from the top of Lake Norman, two popular communities where we counted only the sales below $800,000 at the Pointe and the Farms.

As the economy continues to rebound, Charlotte continues to add new jobs offering a steady upward push on demand.  We like that!

Related Posts

Whats Hot Whats Not 2014

Buying with No Money Down, or Low Money Down in 2015

10 Tips To Make Your Home SHINE   from our Stager and Decorator Jill Watkins

Share:
Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

Written By

Leave a Reply

Moving to Charlotte?

Let us be your introduction to the Queen City.

Our free online guide is full of relocation information including schools, taxes, employment, neighborhood & things to do in Charlotte.

Learn More



The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified