Myers Park Market Update
Myers Park by the Numbers- Homes Sold, Homes for Sale
What a difference a year makes, from strong Buyer to Strong Sellers market!
March 1 – April 5, 2013 There were 34 New listings, 26 homes went Under Contract, and 22 homes Sold/Closed in the Carolina MLS.
On the sold homes, the median list price was $750,000, with a median sales price of $745,000, and $233.69/sf on 3419 square feet.
On The Homes for Sale side, the average price is $1,101,150, Median is 844,500 with a top price at $3,495,000
The number of sales is up nearly a 100% over the same period in 2012, and home sizes sold are up as well, with this year’s average of $867,795 vs last years $633,696- interestingly the cost per sf was a bit higher last year, reflecting the smaller houses for sale. (The smaller SF usually indicates a higher SP/SF~ typically)
Against the 6 months average, March looks good, with SP/Sf up 5%- and at a 4 month supply of homes? Don’t let that fool you, 15 homes, 29% of the market was under contract in under 15 days. 5 of the homes were under contract in 3 days or less.
Myers Park Homes and Condos Under $750,000
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