To even a casual observer, the Dilworth subdivision of Charlotte is hot. Close to town with tall trees and walkable neighborhoods, Dilworth is full of renovators and builders working on turn of the 20th century homes. Today it is filled with craftsman and bungalow home, some original, and some torn down and rebuilt. Quality homes sell quickly, prices are increasing. Indeed the Average home Sold price in Dilworth is up 15% for August, Year over Year (YOY), compared to Charlotte's hefty 9.8% increase. I prefer to look at another measure, Sold price per Square foot, and here Dilworth is up just 2% year over year to $296/sf, lower than Charlotte's average by a bit... but then Dilworth started much higher. This average also includes Condos.
But Averages are deceiving... they only tell a small part of the story. We've identified a number of "sub-markets" within the "Dilworth realm."
One is New Construction- these are infill projects, typically teardowns and new builds, how do they compare to re-sale home prices?
On NEW construction sales in Dilworth, last 6 months, averaged $304/sf SOLD, just a bit over a 3% premium over re-sales.
On re-sale homes in Dilworth, last 6 months, average of $294.00/sf
Another way we might check, what about those Dilworth properties north of East Blvd, the beautiful area around Latta park and onto Moorehead? Latta on the left, Southend on the right
The lots are a bit larger, the park is the focus, and it is a bit closer to the city. We found there is a contrast, with the Latta Park side of Dilworth outperforming the upstart Southend side of Dilworth below East blvd by 5% in Sold Price per Square foot so far in 2017. Also, the average price sold is quite a bit higher in the Latta Park side.
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.
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"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.