Myers Park Charlotte Real Estate Market Report JAN 2018
Daily, we are asked, "So, how's the real estate market doing in Charlotte?" Often, we are asked specifically about many of our popular older communities, including historic Myers Park. Myers Park is one community that continuously stands the test of time where housing appreciation is concerned. Even as the city suffered through the great recession, Myers Park is one of the neighborhoods that didn't feel the depth of depreciation/devaluation that many of the Charlotte neighborhoods experienced.
Below is the current market snapshot of the Myers Park neighborhood.
Past Year's Sales Data (2017) - 177 homes have sold in the Myers Park neighborhood at a list price of $1,091,662 and a sales price of $1,056,654, an increase of 8% over 2016 sales prices. Homes in Myers Park average 53 days on the market during 2017.
Average sales prices of homes sold in Myers Park, were up 7.8% year-over-year
The Myers Park Charlotte housing inventory has been reduced drastically - nearly double-digits, in fact; down 9.7% year-over-year! This is reflective of a strong sellers market. Low interest rates continue to drive buyers to the Myers Park neighborhood and other areas of higher appreciation in the Charlotte Metro region.
With a current inventory of 3.7 in Myers Park, you're going to want to be sure you have a Realtor® who is on top of the market and available to show you properties when one hits the market!
The average number of showings a seller in Myers Park is having before the property goes under Contract is 20 - down 9.1% year-over-year...yet another reason to have an agent who is on top of the market to represent you!
If you're thinking of buying a home in Myers Park, we're here to help! Many homebuyers are struggling to find a home in this tight market but, by keeping a sharp eye out and thinking outside the box, you're more likely to find your dream home. If you're currently searching for a home and need an agent who will search aggressively for you, let’s talk! Give me a call or shoot me a text at (704) 491-3310.
If you're thinking of selling your Myers Park home, let’s talk! As with everything in life, preparation is key and I will equip you with what you'll need to get you, as seamlessly as possible, through the home-selling process. Also, check out our sales stats - we think you'll love that we continue to get our sellers a higher list-to-sales-price ratio (more money for their homes) and in a shorter amount of time (fewer days on the market). We're happy to share more information about listing your Charlotte are home. Call or text (704) 491-3310 and let’s get started!
*References from any of our sellers are available upon request. Read oure reviews at www.CharlotteRealEstateAgentReviews.com
© Debe Maxwell | The Maxwell House Group |RE/MAX Executive | CharlotteBroker@icloud.com | Myers Park Charlotte Real Estate Market Report DEC 2017
Originally posted at http://www.icharlotterealestate.com/myers-park-charlotte-real-estate-market-report-dec-2017/