Myers Park Charlotte Real Estate Market Report DEC 2017
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. Year-to-date (2017 only), 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 thus far this year.
Average sales prices in Myers Park
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 the current inventory 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 below…yet another reason to have an agent who is on top of the market to represent you!
Search all Charlotte homes for sale in Myers Park
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Myers Park Charlotte Real Estate Market Report DEC 2017