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Dilworth Home Prices Rise Faster than City Prices

April 26th, 2013 Listed Under: Dilworth

Charlotte’s Love Affair with Arts and Crafts Homes Continuesdilworth house

Dilworth, one of the largest craftsman style home collections on the East Coast, continues to re-vitalize, remodel and thrive, just 5 minutes from Uptown Charlotte

Home prices have risen dramatically in Dilworth in the first 4 months of 2012, either 11 or 16%, depending on how you measure, well above the city of Charlotte’s steady 7% year over year price increase.

Average Price per square foot is up 11% to $229.43 year over year, while the average home price rose from 501,000in 2012 to over 584,000 this year
representing a 16% increase in average price.
The top Quartile sold from $258/sf to $338/sf, healthy numbers indeed!

About 25% of the homes sold in under 10 days on the market, and 35% in under 30 days, so this market is brisk, and the inventory absorption rate?
About 4 months.

My favorite street, McDonald Ave saw one sale at $790,000. If you want to visit on street transforming itself, visit McDonald Avenue.

A Blue Chip Terry’s Favorite Community? You bet!

 

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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

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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

Charlotte Communities Online

Terry McDonald [email protected]   704-351-1519

Bobby McDonald [email protected] 704-351-1519