Charlotte vs Midwood Sedgefield Dilworth Median Homes Sold Price per sf.
As most of you know, we cover intown and midtown closely. This week are popular subdivisions Sedgefield, Dilwort and Midwood versus the City of Charlotte
The home price comparison is year over year, (YOY) so August 2015 to August 2014. Some of this is a little counter intuitive with Charlotte up 6.5%, but Dilworth down 2.4% in Median home price sold per square foot. Clearly, Dilworth is a part of the City of Charlotte ... this highlights that all real estate is local, sometimes hyperlocal.
In some subdivisions even a median sales price per sf is meaningless, because there are multiple price points. Sedgefield is a classic example with prices higher on the Park Rd side than on the South Blvd side. Many have 2 price points in the same subdivision, sometimes 3, making a past average always wrong when trying to predict a price! It is Too high for the cheap side and too low for the high side! It is even worse in uptown condos where view is everything... an example might be city views sell at X, all others X-10%.
This is why you need a top agent to help walk your way through the numbers, and double check those comp's before you make an offer.
Now lets look at % Sold/List--how close to list price did homes sell, and are there trends YOY?
Now comparing the numbers YOY Sedgefield bounced all over, but wound up much higher over 18 months ago. This is one measure of how "hot" a neighborhood is, what % of list average to they sell at. Citywide, Charlotte sold for 3.2% off list (Charlotte 100-96.8), but Midwood had the tightest pricing, with only 1.8% off list, (And it grew tighter in the last 12 months) Sellers, it may also be the Agents are a bit "price shy" about asking for higher prices. It happens.
Knowing your numbers, just one reason to have the McDonald Group help you buy or sell your next home.
The McDonald Group at EXP Realty is a group of professionals, dedicated to helping our Clients win in real estate. Expert and honest advice, local area knowledge, and seriousness of purpose but with folks who don't take themselves too seriously. The founder Terry McDonald, was a builder for 20 years, and has been a broker for the last 13 years. Buying a home or selling, first home buyer or relocating to Charlotte,the McDonald Group is here to serve. Our client list includes first home buyers to luxury homes, professional athletes, business owners and physicians. From in town to South Charlotte, Lake Norman too, we know Charlotte.
The Group's core values are all about integrity and market expertise. We look out for their clients interest above all others. We are a learning organization, and big believers in training and lifetime learning. Sellers know us for our technological savvy, our aggressive marketing, and the ability to consistently beat the averages in Days on Market. Buyers love us, we never pressure anyone, yet were able to save our Buyer clients 44% off the market average in 2013- and now that the market has changed we win more than our fair share of multiple offer situations.
Reviews on Zillow
"It was a great pleasure to work with Terry McDonald. English is not my first language so forgive any mistakes. The first time we met Terry was 5 ... more "
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"I worked with Bobby on both buying and selling my home in Charlotte. He is so personal and cares about finding the perfect home for his clients! I ... more "
"Terry was exactly the agent we needed for our relocation from the New York area to Charlotte. We first explored a move to Charlotte a couple years ... more "
Golf Course Living at The PalisadesAll Brick, 4 br, 3.5 ba, bonus
"I was living in Florida and looking to move to Charlotte area. I found Terry through the internet and explained my plans of moving to the area with my wife and kids. He was very diligent and honest in market values, location, schools, etc.. even offered advice for relocating. While I was in FL. he would send me listing meeting my criteria, he also advised for things I should be aware of that I hadn't even thought of. I eventually made my way to Charlotte and met up with him for a weekend. We nocked it out in a weekend, he had found the perfect home for me and my family. We made an offer and I went back to Fl. I thought it was going to be difficult to close while being away, but he made it happen..
I only needed to come back to sign the closing.
In 201, I was relocated to Virginia, I asked for Terry to help me rent the home while I was stationed in Virginia. He recommended an agent, It was rented out within a month and with an Incredible Tenant.
In 2014, It became apparent that I would no longer be moving back to Charlotte, I then contacted Terry to put the home up on the market in a time when it was a very difficult time to sell property, but again he made it happen. This time around, I was in Virginia the whole time.. It was difficult for me to make in back to Charlotte for any type of transaction. I trust Terry so much and am very thankful for having met him. he completed all transactions without me having to be there. Once the property closed. I received a check within weeks..
In a time when you need for things to happen and you need to trust someone unconditionally. Terry will be there.