Myers Park Charlotte Real Estate Market Report MARCH 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.
Fast-forward to 2018 and the Myers Park real estate market is hot, hot, hot! Below is the current market snapshot of the Myers Park neighborhood. Year-to-date (2018 only), 15 single family homes have sold in the Myers Park neighborhood at a list price of $821,262 and a sales price of $812,192, an increase of 7% over 2017 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, 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 3.5 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!
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Myers Park Charlotte Real Estate Market Report MARCH 2018