Birkdale has been a consistently strong real estate performer over the years, and it 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a surprise since it is a centerpiece in the heart of Huntersville, a city named to Money Magazines 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Birkdale in Huntersville NC- A Bluechip in the North

November 11th, 2008 Categories: Buy A Charlotte Home, Huntersville

“How good is the real estate market in Birkdale?” or asked another way, “Am I safe investing in Birkdale?”

Huntersville, NC This is the question a client asked me last week. Birkdale has been a consistently strong real estate performer over the years, and it isn’t a surprise since Birkdale is the centerpiece of modern Huntersville, a city named to Money Magazines “Best Places to Live in America” twice this decade.

My client’s offer was accepted on the Birkdale home last week, and while I told her Birkdale was one of the strongest subdivisions in Huntersville, I came back thinking I should do the numbers…

Here is the answer to her question in objective numbers.

Huntersville Homes for Sale

I compared the home sales for the last 90 days- 8/1-10/31/08 to the same period over the last 4 years, and Birkdale’s price/value strength shows through. There aren’t as many people moving to Huntersville as there were a few years ago (residents say thank you!) but the home prices? Have a look for yourself.


				Sold
Year	Homes Sold	Median price	Median SF	Cost Per SF	% +/-
2008	9	369522	2847	$129	Up 3%
2007	12	330770	2643	$125	up
2006	19	333231	2679	$124	Up 5%
2005	36	340002	2882	$118
all numbers	from the mls	(not created by	CMLS)

So while home sales have slowed dramatically in the last 4 years, the median price has increased 8.7% and the actual Cost per Square foot of the sold properties has risen 9.3%. Is this a guarantee of price rise in the future? No. Is it a testament to the real value in this crazy rel estate market we are living through? Absolutely.

Huntersville has done well for the same reasons Charlotte has done well. It is “objectively affordable”, (Radar Logic and PMI) we create jobs and employment here (in this down year about 2% increase projected) and people still want to move here, just for the quality of life.

As for my client from last week? We got her a smaller home in very good condition, with a few appliances, at about $112/sf, or 13% under the last 90 days market prices, not too bad at all.

more pictures of Birkdale and Huntersville

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Moving to Charlotte? Your first Charlotte home?

Have a home buying or home selling questions? I am a Charlotte real estate broker specializing in relocations, 2nd homes–buying and selling real estate of all kinds- and will represent only you. We work with Buyers and Sellers every day in Myers Park, Southpark, Matthews and Huntersville, Lake Norman, Waxhaw and Lake Wylie too. My team and I know the homes, the communities, and the new home builders. We know what’s hot, what’s not and where the deals are. I think as you read my posts you’ll see that we understand home buyer needs, from a first time home owner to a luxury home purchaser.

If you still haven’t figured out where you might want to live in Charlotte, you may compare area Charlotte home prices and communities, from our MLS based home search below. If you haven’t already, try my my fact-filled and well received Introduction to Charlotte NC Video (over 9000 You Tube views) and don’t miss the FAQ videos-answering the Big Question- Where to live in Charlote, or where to look for a luxury home in Charlotte? (in the right column just under the Introduction to Charlotte Video Screen)

If it’s between the hours of 8 AM to 8 PM, EDT, please don’ t hesitate to call me direct at 704-351-1519. Terry