Dilworth Experiences Double-Digit growth in the Charlotte residential real estate market!
An article from the Charlotte Business Journal shows continuous double-digit growth in the Charlotte residential real estate market. According to the Charlotte Regional Realtors Association, closings increased by 23.4% in December as compared to the same time last year. The growth was not only contained to the month of December either– October 2012 and November 2012 showed a 36.8% growth rate and 35% growth rate respectively. In fact, the past 11 straight months have shown positive returns and the association president, Eric Locher, seems to think our housing market is in recovery, “Charlotte’s housing market has shown steady signs of improvement over most of 2012 and could be called the year our local recovery started. With some of the uncertainty on the federal level temporarily averted, we’re hopeful these trends will continue through what is generally considered a slower selling season.”
Not only have our closings improved, but so has the average sales price. The average sales price in December 2011 was $190,656, however the December 2012 was showing a 7.9% increase in the average sales price, putting it at $205,537. A more accurate indicator of trends over time, the median sales price, has also increased by 2.5%.
And even more good news is that the average amount of time from listing to closing has decreased by two days, now reflecting an average of 156 days.
As chronicled in our previous Dilworth post, overall home inventory continues to fall. This past year we had an astonishing 27.7% decrease in the amount of inventory available, leaving our region with about a five month supply of homes– Dilworth, however, has less than three months of inventory available.
Check out the Charlotte Business Journal to see the article in its entirety, and take a look below at the homes for sale in Dilworth:
Dilworth homes for sale
UNIQUE DILWORTH PROPERTY with many great options. Solid Investment in the best of Charlotte's Lifestyle. This charming income producing DUPLEX is located in the desirable DILWORTH neighborhood. Many great property use options might include- live in one side & rent the other side, renovate, expand, or build a new single family home. (Consult County zoning for desired use) Units are fully tenant occupied with great upside for increased rents. Each unit has 2 bedrooms, 1 bath and beautiful solid hardwood floors. The owner has maintained the property well along with many updates. Located within walking distance to restaurants, shopping, Freedom Park, Latta Park and South End. Minutes from downtown, all sports arenas, the airport & major Hwys. Schools are among the best in the area. History shows total annual return on investment property use of over 15%. Please contact listing agent for details.
| MLS#: | 4084353 |
| Price: | $839,900 |
| Square Footage: | 2021 |
| Bedrooms: | 4 |
| Bathrooms: | 2 |
| Acreage: | 0.15 |
| Year Built: | 1956 |
| Type: | Single Family Residence |
Based on information submitted to the MLS GRID as of 2024-04-30 06:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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