Charlotte Home Prices Rise 5% in April, In Town Zipcodes Vary Widely
Using our Carolina MLS, we track a number of zip codes in Charlotte to see how these local markets perform. There is always a surprise. We use a Median Sold Price per SF, April '15 compared with April '16 (YoY) as our main price gauge, but also look at Days on Market, or DOM, to judge the velocity of the market.
Our 5 zip codes share something in common, they are all , or mostly within 15 minutes of Uptown, forming an "Inner Ring". After that, they are all different, with Myers Park leading the price increase as 22% , and neighboring Dilworth falling nearly 9% inthe same period. Cotswold shot up an amaing 22% as streets in and around McAlway are turning over, house by house and street by street. Midwood was not far behind up 13% YoY.
Many of these zipcodes may be skewed by a small number of large transactions so we'll dive more in depth at the mid point of 2016, comparing 6 months of Y o Y data
More Coming Soon!
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Author:Connie Massetti Phone: 704-340-5967 Dated: May 11th 2016 Views: 250 About Connie: Licensed agent assistant who coordinates with McDonald Group clients and agents during all aspects o...
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