Myers Park in the spring is amazing. Charlotte has returned to near normal temperatures for this time of year…highs in the high 60′s.. Trees and flowers are blooming and people are outside enjoying the longer days. There is a steady stream of walkers along the Sugar Creek Greenway, in around the lake at Freedom Park, and it appears people are out looking at real estate on the housing market more!
The average priced home on the housing market in Myers Park is $1,150,000 and the statistics on showings.com indicate that showings in that price range in Myers Park almost doubled in March when compared to the previous month on the housing market. But, only two single family homes in the $1 million price range in Myers Park were reported in MLS as going under contract in March. One of these was a foreclosure. This is no surprise that as close to 20% of all U.S. real estate transactions in the past year involved a foreclosed property, according to Zillow.
What is selling in the Charlotte housing market are properties under $200,000 and there are some of those in Myers Park… if you are interested in a condo or town home. This is a great way to get into the Myers Park housing market; Myers Park being one of the most desirable locations in town. Also, it is a strong buyer’s market for condos and town homes in Myers Park, so there is potential for buyers to get a good deal. And, if you buy a condo or town home, then you’ll have more time to stroll along the greenway yourself or hang out at your favorite coffee shop or restaurant… and there are plenty of those in Myers Park!