With only 80 homes over $1,000,000 sold in the entire city of Charlotte during the past year, million-dollar sellers are feeling the economic pinch like never before. How much can $1M buy in today's market? The answer varies quite a bit, depending upon the area of Charlotte. During the past two years, Charlotte has experienced a tumultuous million-dollar market with some areas faring better than others.
Our team's main focus is on areas 4 & 5 of Charlotte. This compilation of data is from Charlotte's area 5 and specifically areas 5/3 and 5/4. This area, because of its popularity due to location and proximity to schools, shopping, churches/temples and restaurants, seems to be faring better than most areas with million-dollar homes.
Area 5/4, which includes the Southpark area is one of the most popular areas in the city. Just minutes away from Uptown and the best of the best shopping and restaurants, this is a highly desired area of the city. Strong public school assignments and close proximity to some of the best private schools in the state are reasons for many to choose this area to reside. Searching MLS for homes in Charlotte NC that are over $1M in the 5/4 area, zip code 28226, you'll find 50 gorgeous homes over $1M in neighborhoods such as Carmel Park, Pellyn Wood, Town and Country, Dovewood and Carmel Country Club.
(Note: Some of the properties in zip 28226 bleed over into area 5/3)
Area 5/3, at the southernmost tip of Southpark, from Park and Quail Hollow Roads, has a more central location in the city--minutes from Uptown and mere minutes to the Pineville and Ballantyne areas. Searching for homes in Area 5/3, zip code 28210, you will find 39 homes over $1M in simply gorgeous neighborhoods, including the gated community of Heydon Hall and prestigious Seven Eagles in the Quail Hollow community.
For more information regarding Charlotte NC's million-dollar properties, email us or give us a call!
(THE best Charlotte home search available - no kidding!)
Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310
