Charlotte NC|South Charlotte Real Estate Market Report for 2007
January 2nd, 2008 Categories: South Charlotte
South Charlotte- Dilworth, Myers Park, Southpark and more close-in Charlotte neighborhoods
outpaced the record setting city-wide appreciation rate of 4.7%, compared to 2006. This market report covers the area between Rt 74 ands I-77, starting in Dilworth and Myers Park, extending south through, Eastover, Foxcroft, Morrocroft onto Southpark- down to Fairview Road-Sardis Rd. The average price per square foot in this area in 2006 was $213. The average price per square foot for 2007 rose to $235 , a 10% increase over 2006! At the same time unit sales, the number of homes sold, fell 18%, below the city wide 4th quarter numbers. 
Obviously the sub-prime mess has been affecting Charlotte in terms of the number of overall units sold, however values here are strong as home values still increased. This is due, in part, to Charlotte’s continuing economic growth and employment opportunities. While the city is still growing home prices will continue to retain their value and appreciate. Here are two additional posts for more information:
2007 Charlotte Real Estate Market Report
Charlotte the only objectively affordable city on the list (Forbes)
Are you considering a move to Charlotte? Like to see more Charlotte Homes and Communities?
Want more Charlotte information? Try the categories on the left… Search for Charlotte Real Estate? Fun Things to do, Lower Lake Norman, questions about North Carolina Real Estate, Ask-the-Broker FAQ’s , Active Adult, Over 55 Communities and more…
Then I hope you will visit my Charlotte photo galleries with more than 1500 pictures
divided into 45 galleries, divided by area and fun things to do, have a look at: Uptown Dilworth, SouthPark, Ballantyne Country Club, High Gate and more. (Imaginon children’s library on the left, and the light rail Lynx on right)
Here are couple of recent articles about the strong Charlotte real estate market by Forbes.com and ABC News To learn more about me, and my business in Charlotte, visit TerryMcDonaldRealEsate.com, my easy to use search for houses, condos, land or multifamily~
Please don’t hesitate to call me direct with your Charlotte real estate needs and questions, 704-351-1519
[…] South Charlotte appreciation? Doing just fine at over 7% in 2007 over […]
Terry - Charlotte NC is definitely a great city to move to - those your real estate market condition makes us envious. - Here’s to a great year in 2008! - Cyndee Haydon