Myers Park Charlotte Real Estate Market Report JUNE 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 historic communities, including Myers Park. Myers Park is one community that continuously stands the test of time where housing appreciation is concerned. Even as the city endured 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. Don’t get me wrong, every neighborhood in Charlotte, without exception, endured some level of depreciation but, a handful held their own with minimal losses and were very quick to rebound when the market turned to the positive.
Fast-forward to 2018 and the Myers Park real estate market is back to its normal state of HOT! Below is the current market snapshot of the Myers Park neighborhood. Year-to-date (2018 only), 63 single family homes have sold in the Myers Park neighborhood at a list price of $1,057,046 and a sales price of $1,038,433, with a 98% list-to-sales price. Homes in Myers Park average 66 days on the market thus far this year.
Average sales prices in Myers Park
The Myers Park Charlotte housing inventory has been reduced drastically, as though it wasn’t low enough already! 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. Myers Park is currently at a 3.6 month inventory level.
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!
Visit www.TheMaxwellHouseGroup.com for more information and to search for homes in Myers Park. Your first step should be enlisting an experienced, local real estate broker. Selecting a great broker is not as easy as it may seem. There are real estate agents and brokers who will sell you anything but, you want to enlist a seasoned real estate professional for your real estate needs. We would love to share our knowledge of the Myers Park area market with you…and give you the grand tour of this gorgeous neighborhood!
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. Call or text (704) 491-3310
*References from any of our sellers are available upon request. Read our reviews at www.CharlotteRealEstateAgentReviews.com.
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Myers Park Charlotte Real Estate Market Report JUNE 2018
Originally posted at https://www.icharlotterealestate.com/myers-park-market-report-june-2018/