Southpark Showdown: Barclay Downs vs Foxcroft
Barclay Downs is one of the most desirable and thus, difficult neighborhoods to move into in Charlotte. With that in mind, let’s see how it stacks up against another prestigious Southpark community: Foxcroft
Barclay Downs is a small, highly desirable neighborhood that runs between Myers Park and Southpark mall. With homes originally built in the late 50s or early 60s almost all of the homes have been updated, if not significantly remodeled. At the time of this post there are only 7 homes for sale in Barclay Downs!
Past clients have told me they like Barclay Downs because of it’s Southpark location and Myers Park schools. Incidentally, if you’re a resident of Barclay Downs and have considered making a move, why not see what your home is worth with the free valuation tool below? Of course an in-home visit is best so our listing experts can take the home’s condition (and Barclay Downs unique situation) into account when calculating home values:
Now, without further ado, let’s get down to it! I promised a comparision between Barclay Downs and here it is :0) Before we dive in, it’s important to note that Foxcroft is several price points higher than Barclay Downs so it’s not exactly apples to apples. The reason for that is there are no other communities in the Southpark area that are very similar to Barclay Downs.
(scroll over the lines for individual data points)
Typically we define neighborhoods with under 5 months inventory as “hot” neighborhoods (the homes are selling faster than they can be replaced). Perhaps we need a new designation for Barclay Downs as it’s inventory is almost half that, standing at 2.6 months. Barclay Downs is “sizzling”! On the Foxcroft side we can see there are several more months of inventory. This is common in luxury communities as there aren’t as many buyers.
Median Percentage of Original Price
Since Barclay Downs and Foxcroft are neighborhoods with different price points one of the better comparisons is looking at % of original price (in other words: sales price was what percent of list price). The graph here pretty much tells the story. Foxcroft is acting like a normal luxury community, higher list prices come down by about 10% to accommodate the lower numbers of buyers. Barclay Downs has gone the other way; remember too that this is the median numbers, so a good number of Barclay Downs homes sold this year at and above list price! Phew, Barclay Downs is on fire so far this year.