Charlotte Real Estate Market Report | Myers Park September, 2011
There is no better introduction to Charlotte NC than a tour through historic Myers Park, via Queens Road. Here, some of the city’s grandest homes are framed by a canopy of massive, old willow oaks. Myers Park Charlotte NC emerged from a large cotton farm in 1911, and has grown to be one of the most popular communities in which to reside in all of Charlotte.
Home values in Myers Park typically lead the way in appreciation. During the recession, Myers Park was affected but, not to the degree that other Charlotte neighborhoods were. Homes in Myers Park Charlotte NC retain their value over the years and routinely show steady but, never over-inflated appreciation. A Myers Park address remains one of the most sought-after in the city!
The market absorption trend for the Myers Park community in Charlotte is below. As you can see, the market bears an 8+ month supply, meaning Myers Park remains in a buyer's market, although not as high a supply as 12 months ago. (Note: The 1-month supply is merely shown for reference and should not be considered a 'trend' as the 3-, 6-, and 12-month statistics show.)
List to sales price ratio is on the incline--to 92% during the last 3 months and days on the market are at 137. Average square foot price is also on the upswing.
Living in Myers Park Charlotte NC is pure luxury.
Myers Park Condos and Townhomes for Sale
Myers Park Single Family Homes for sale | Under $200,000
Myers Park Single Family Homes for sale | $200,000 – $400,000
Myers Park Single Family Homes for sale | $400,000 – $600,000
Myers Park Single Family Homes for sale | $600,000 – $800,000
Myers Park Single Family Homes for sale | $800,000 – $1,000,000
Myers Park Single Family Homes for sale | Over $1,000,000
Search ALL Charlotte Homes for Sale in the Myers Park area
(THE best Charlotte home search available - no kidding!)
Debe Maxwell, CRS/Realtor®/Broker
Broker@TheCharlotteScoop.com
Phone (704) 491-3310
Dear Debe -
Lots to be learned about other cities from Market Reports.
Hope your husband is doing well.
Have a happy day -
Lynn
Deb, next time I visit my two sisters in Charlotte, I will drive through Myers Park to view these beautiful homes.
Things are looking up for the Myers Park real estate market, Debe. Way to keep your consumers informed.
Debe,
I'm glad your upper end real estate - Myers Park - continues to hold its values, relatively speaking. Great market report... g