Mountainbrook (28226) Market Report AUG 2015
Mountainbrook, one of SouthPark‘s most popular communities, features a variety of contemporary and traditional style homes, many are ranch homes with basements (very popular with Charlotte home buyers). The homes in Mountainbrook range from 2,000 to 4,000+ square feet.
A true “neighborhood” feel, beautiful homes, large lot sizes and great neighborhood amenities make Mountainbrook a popular SouthPark Charlotte neighborhood. Like other neighborhoods in SouthPark, Mountainbrook residents are assigned to top public schools and centrally located to all of Charlotte’s premier private schools.
Mountainbrook amenities include a neighborhood clubhouse, pool and tennis courts; membership is optional. The Mountainbrook neighborhood is situated in the heart of SouthPark, approximately 3 miles from Quail Hollow Country Club, nearby Carmel Country Club and Cedarwood Golf Club is within close proximity as well. Of course, if you’re into shopping and dining at fine restaurants, you will love this location, near SouthPark Mall and the mall’s surrounding fabulous restaurants. Residents also enjoy the convenience of close proximity to the Arboretum.
How’s the market faring in popular Mountainbrook neighborhood?
The average price per square foot in Mountainbrook is down 5% year-over-year to $146./SF
The average sales price in Mountainbrook is $393,550, a 3.6% decrease year-over-year
(2014 was considerably ‘hot’ and in our opinion, the average sales price has adjusted to a more ‘normal’ average.)
The average days on the market are 69, a 1.4% reduction year-over-year.
The market absorption trend reflects a 2.6 month supply of homes for sale in the Mountainbrook neighborhood (a 7.1% reduction year-over-year).
The market absorption trend can be impacted by any or all of the following:
- The price set on homes for sale in the community
- The improvements made upon each home for sale within the community
- The location within the community
- The style of the home – some buyers prefer contemporary and this style of home typically sell very quickly.
- Current market buyers’ preference dictates how quickly a home will sell based upon these factors.
*Data provided by CMLS; information is reliable but, not guaranteed.
MOUNTAINBROOK HOMES FOR SALE
If you’re thinking of buying a home in SouthPark, we know the area like the backs of our hands! We’d love to give you the grand tour and assist you with your home purchase. Let us know when you’re ready! View currently active homes for sale in SouthPark here:
Here’s why savvy Charlotte home sellers are listing with us – our days on the market are well below average and our list-to-sales price ratio is above and beyond the competition! What does this mean? We get your more money for your home in less time – the top two requests that every seller makes!
© Debe Maxwell | The Maxwell House Group | SavvyBroker@me.com | Mountainbrook Market Report AUG 2015