Charlotte Luxury Homes Over $1M a Market Report

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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