Historic Atherton Mills in Southend
Dilworth, Wilmore and SouthEnd: Homes Townhomes and Condos For Under $350,000
There are 157 properties for sale under $350K in zip code 28203- Dilworth, Southend and Wilmore, 130 are condominiums or townhomes, 27 are single family homes. The average sales price is $233,141, but lets break that down a bit more.
The area most know as Dilworth includes complexes like 1315 East, Latta Pavilion, Dilworth Walk, Ordemore, or as real estate brokers know it , Area 5-1.
There are 29 of these Area 5 Dilworth Condos for Sale Under $350K, zip code 28203, or Area 5-1.
The average Asking Price, or List price of a condo here is $252,201, the median price is a 2 bedroom 1 bath condo at Latta Pavilion for 245,000, about 1050 square feet. There have been 18 sales here since June 1, the median sales price is $242,500. The closeness between Median List, and Median Sold price is a reflection of the strong Buyers market, and December Sellers are always motivated.
There is one single family for sale in Area 5, Dilworth, for under$350,000, a modestly updated house on Scott Ave.
The areas along the light rail blue line Lynxx, known as Southend, Wilmore and the west/south side of Dilworth, includes condominium complexes like the Village at Southend, The Tremont, The Arlington, park Avenue Condominiums, Wilmore Walk, Southend Flats, Atherton Heights, or as real estate brokers know it, Area 6:
There are 104 Condominiums for sale under $350K in area 6, with zip code 28203, or Area 6-1
The Average Asking price is $224,651, the median Asking price is an Atherton Heights 2 bedroom Condo at 209,900.
There were 43 condos sold in Area 6, zip 28203, since June 1, and the median sold price is $201,000 at the Lofts at Factory South, a 1 bedroom 1 bath, extremely convenient to the Lynx. there are considerably moesiongl family opportunities in aare 6.
There are 24 single family homes for sale under 350K in area 6, with zip code 28203, or Area 6-1.
The average Asking price is 224,928, the median asking price is $199,000.
The average sold price for single family homes since June is $230,733, a the median Sold price is also $230,000,a 1000 sf 3 bedroom ranch. The low was $124,000 in Wilmore, and the high was a 1500 square foot ranch on Park Road at $346,000. Again, homes on the market in mid-December are be definition aggressive motivated Sellers, and most (not all) Sellers know the right price. Still greed get s in the way with some.
Dilworth Home, Highly Motivated Seller, Not a Foreclosure, But Being Sold AS IS Where IS
A 9 on the 1-10 Hip Scale, Renovated, with a Media Room, hardwoods throughout, 2 Bedrooms, 2 bath, basement , yard, 1 car garage, great Dilwoth Street…and more like plantation shutters, stainless appliances etc.
ASKING $349,900
Lets try $$299K-
I have more- more deals, some steals, No Money Down (in the country a bit, though one is only 5 minutes to Carlolina Place Mall!)) tons of FHA high quality low interest rates from the builders, and from our own lenders. Some builders are offering to pay $2500 of closing… some will throw in a fence, but we have to get started.
Please note: These are all one of a kind deals and when they are sold, they are gone. This post is up to date 10/19/09. You can follow my Steals and Deals on Twitter, @TerryMcDonaldRE
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Charlotte, NC
Custom Homes Sold- Charlotte Over $1M Real Estate Market
The Summer results for luxury homes are in. A look below at the number of sales, the median cost per square foot, and how to adjust median cost per sf to arrive at best, worst and most likely pricing.
Sales from 6/1/09-10/12/09, an update, there were,
77 Homes Sold over $1M in the typical areas of South Charlotte, Lake Wylie and Lake Norman.
In southern Mecklenberg County, there were 34 homes sold north of Pineville-Matthews Road, and only 2 south of that road, which means that Myers Park, Eastover, Foxcroft and a few other interior communities, accounted for 94% of the summer sales over 1M. The sold median cost per square foot was $243/sf in Eastover, $262/sf in Myers Park, and $279/sf at Foxcroft, $303/sf at Stonegate. There were a total of 36 home sales over $1m in southern Mecklenberg County.
There were 12 Homes in close-in Union county that sold for over $1M, 2 in Highgate, 3 in Longview, 1 each in Providence Downs South, and Skyecroft. The median sold cost per square foot was $313/sf at Longview,
There were 25 homes at Lake Norman that sold for over $1M, 36% were at the Point. The median sold cost per square foot at the Point was $243/sf.
There were 4 homes at Lake Wylie that sold for over $1M, and the median cost per square foot was $237.00.
So the priciest community remains the Club at Longview, followed by Stonecroft, Foxcroft and Myers Park.
Remember, these are median prices, for example Myers Park ranged from $205/sf to 464 /sf and where it falls in the that range is determined by Condition, Street Location, Aesthetics and Sellers Motivation to Sell.
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The McDonald Team works for our Buyer Clients as Exclusive Buyer Agents- our Agents won’t show you a house with their name on it, as a Listing Agent, we assign Buyer agents through Designated Agency. We’ll keep the other players on track, and help get you into your latest luxury home. From the first look, through closing, we are with you 100% of the way… and we love getting great deals on luxury homes in Charlotte!
A smart buyer, good information and a good Buyer agent Make GREAT Deals happen! Call us today, 704-351-1519
Related Posts
Charlotte Luxury Custom Homes for the most comprehensive look at the luxury home market in the Charlotte-Lake Norman area
How to Buy Smart in This Market
Over $1M Market-First Look Summer 2009
Dilworth Homes For Sale- Homes Sold Report
South Charlotte Homes For Sale
Dilworth, one of Charlotte’s favorite suburbs, is a walking friendly, bike friendly neighborhood with arts and crafts homes
one stop out on the Lynx, or a 5 minute bus or car ride into town. Known for its restaurants and wide boulevards, once just a sopt ofr young people, now has a large contingent of families who want to take advantage of the short commutes and all the city of Charlotte offer.
Homes for Sale are the current Active MLS listings today; Homes sold cover the most recent 90 day period.
Dilworth Homes For Sale
There are currently 80 Dilworth homes for sale, and over 17,000 homes for sale in the greater 9 county area of Charlotte. The average asking price of the Dilworth Home is $669,354 and the average Charlotte home asking price is $361,881
Dilworth- Charlotte Homes Sold
For the period 6/1/09-8/31/09
|
|
Dilworth |
Charlotte 9 County area |
| 2008 |
Sales |
19 |
6393 |
|
Avg $/sf |
236.99 |
113.85 |
| 2009 |
Sales |
25 |
5278 |
|
Avg $/sf |
188.83 |
102.48 |
| inc/dec 2008-2009 |
Sales |
31.58 |
-17.44 |
|
Avg $/sf |
-20.32 |
-9.99 |
Reviewing the table, Dilworth Sales are up 31% by volume, but prices fell by 20% according to the Average cost per square foot reported in the MLS. Charlotte’s sales volume fell only 17% (compared to 35% through the first 6 months of the year) with average home prices down 10%. This is not surprising, the once red hot area of Dilworth is now only “hot” selling at an 80% premium over the broad area Charotte average price, compared to a 108% premium in 2008.
It is clear that a strong Buyer’s market prevails in Dilworth.
With 25 Dilworth Home Sales in a 90 day period, versus 80 homes for sale as of September 8, this sales rate suggests an absorption rate of 10 months, not very high when compared to many parts of the country, but only slightly lower than the 10+ months of the greater Charlotte area.
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The McDonald Team works for our Buyer Clients as Exclusive Buyer Agents- we won’t show you a house with our name on it, so we’ve got your back covered every step of the way, A -Z. We’ll keep the other players on track, and help get you into your first home or latest luxury home. Watching your back includes specific price research for homes and neighborhoods, negotiating strategies that fit your comfort level and listening to all you say you are looking for, and the unsaid too! From the first look, through closing, we are with you 100% of the way… and we love Dilworth. A smart buyer and a good Buyer agent and make GREAT deals happen! Call us today, 704-351-1519
Related Posts
Charlotte Luxury Custom Homes for the most comprehensive look at the luxury home market in the Charlotte-Lake Norman area
How to Buy Smart in This Market
South Charlotte Homes For Sale
Matthews Homes For Sale-Homes Sold
