Charlotte Homes For Sale Under $350000 University City Area
April 20th, 2009 Categories: Buy A Charlotte Home, Charlotte First Time Home Buyers, South Charlotte, University City
One of Charlotte’s most popular areas to live and work is the area known as University City- First time home buyers, move up buyers like the convenience in this area north and east of Uptown Charlotte around the beautiful and growing campus at University of North Carolina at Charlotte. This is another of our Charlotte Homes for sale, homes sold reports.
University City Homes for Sale
There are 76 homes for sale for under $175,000, but more than $100K- median price is 140K on aabout 1650 sf, or median prices $85/sf- ranging to over $100
There are 50 homes for sale for under $250,000, but more than $175K- median prices of $215kon about 2500 sf, or 86/sf, raning agian to slightly over $100 for new and best
There are 23 homes for sale under $350,000, but more than 250, with median prices of $296K on about 3200 sf, or 93/sf, as most of these are luxury homes in communities with more amenities.
University City Homes Sold
There were 41 homes sold in the University City area since January 1, with a median cost per sf just under $70.
Obviously, It remains a strong buyers market for single family homes here. Sales to date- from a seasonally very slow time of year, don’t translate well for those interested in absorption rates, but this months- April- results will be telling. It is till possible to see some winners and losers so far, I’ll start with the winners.
Ranch homes for one- the are all among the highest cost per sf, they are keeping their value better, selling between 86 and $160/sf.
Subdivisions?
Mallard Woods had 3 sales, ranging from $86/sf and up
Huntington Ridge 3 sales $131-$162/sf (ranches)
Leslie Farms $98-102
Subdivisions that lost ground include Withrow Downs with 5 visible foreclosures, Mallard Lakes a couple of foreclosures–in both cases foreclosures brought the median prices down in the $40’s
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Skilled Buyer Agents with Smart Buyers make great deals happen! We provide detailed analysis prior to all offers, and take a lot of the guess work out. Plus, we know where the steals and deals are! The McDonald Team 704-351-1519
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