South Charlotte’s Beverly Crest, Prices ARE UP! A Community Market Report Through November 2007
December 18th, 2007 Categories: South Charlotte
Prices are UP at Beverly Crest, in the heart of South Charlotte,
located at the popular intersection of Pineville-Matthews Road, and Providence Road, significantly on the Charlotte side of that intersection; Beverly Crest is a craftsman style neighborhood in zip code 28270. It is is a larger community composed of two townhouse communities- one entry level and one empty nester, and single family homes roken into 4 villages. Built in the mid 90’s by highly-regarded local builder Sauccy Burbank, it was well received when new, and remains so today. ..
See all the photos on my CharlotteCommunites photo site.
Now to the market report.
I ran two comparisons, a Year to Date comparison of 2007 sales vs 2006, and 2005-through November 30, and for those who think that might hide a slower 2nd half, I ran the last 3 months as well, September 1-November 30, and compared that to 2006 and 2005 as well. Here then are the numbers
In the first 11 months of 2007:
36 homes sold, at an average price of 353, 400 averaging 2488 square feet, so they sold at an average of $142/sf.
In the first 11 months of 2006:
27 homes sold, at an average price of 331,935 averaging 2482 square feet, so they sold at an average of $134/sf.
In the first 11 months of 2005:
45 homes sold, at an average price of 301,026 averaging 2464 square feet, so they sold at an average of $122/sf.
So, the average SOLD prices of homes in Beverly Crest increased in the last year, 6.18%, and over 3 years -A THREE YEAR RATE OF 16.4%.
And for the skeptical among you, I ran the last 3 months as well, September 1-November 30,2007–just want to make sure the last 3 months are OK… well they are better than OK.
In the last 3 months, September 1-November 30
In 2007, 4 homes sold at an average price of $348,250, averaging 2382 square feet, or $146.00 sf (or$4/sf higher than 11 month average!)
In 2006, 7 homes sold at an average price of $349,900, averaging 2543 square feet, or $137.00 sf
In 2005, 14 homes sold at an average price of $316,221, averaging 2464 square feet, or $128.00 sf
So, for the last 3 months, Beverly Crest Prices are up 6.5% over 2006, better than the 11 month average!
Charlotte, according to the Standard and Poors Case-Shiller Report led the nation in price appreciation through 3 quarter of 2007, at 4.7% appreciation… Beverly Crest, at 6.18%, is 31% ahead of Charlotte…No matter how you measure it, Beverly Crest is a winner!
Like to see more of Charlotte? Like to Search All Charlotte Homes?
I have more great pictures at my Charlotte photo galleries: Uptown Dilworth, SouthPark, Ballantyne Country Club, High GateThere are more than 40 Charlotte galleries of homes,condos and communities in total, I try and add new ones every week.
Here are couple of recent articles about the strong Charlotte real estate market by Forbes.com and ABC News
To learn more about me, or my team, visit TerryMcDonaldRealEsate.com, my easy to use home, condo, land or multifamily~ ALL CHARLOTTE SEARCH. tm
Thanks for the great Charlotte real estate update. I wish they would publish you material in the news instead of focusing on (and exaggerating) the downside of the market. I’m glad to see the real estate numbers are looking good in Charlotte.
How refreshing for a change! Thanks for sharing some uplifting markets stats for the Charlotte real estate area.
Beverly Crest certainly appears to be doing well. Even when overall sales in Charlotte are suffering, closing home prices are up.