Dickens Mitchener Semi-Annual Market Report 2015

DICKENS MITCHENER semi-annual market report 2015

Your Best Source for Residential Real Estate.

Your Best Source for Residential Real Estate.

When you choose our Dickens Mitchener team, you are putting your trust in the most talented, experienced and technologically savvy Realtors® in the Charlotte region. We are committed to setting new standards for extraordinary customer service as well as providing our clients with intimate community knowledge and expertise. We’ve spent more than 20+ years perfecting our unique and effective business method to become your best source for residential real estate.

Founded in 1991 by Vicky Mitchener and Al Dickens, our Dickens Mitchener team is comprised of more than 70+ experienced real estate professionals who have mastered the latest trends of the ever-changing market and are dedicated to making every transaction as seamless as possible. Our agents are full-time experts who set the region’s standard for innovative practices, client satisfaction and outstanding results. We are true neighborhood specialists, who have intimate knowledge of the region’s most outstanding properties in Charlotte’s most sought-after neighborhoods.

VICKY MITCHENER owner/president

Beyond Charlotte, Dickens Mitchener is specialized in offering premier relocation services virtually anywhere in the world. Our relocation experts help you find the communities, school districts and amenities that match your lifestyle. As a proud member of the Leading Real Estate Companies of the World®, Luxury Portfolio Fine Property Collection® and Worldwide Employee Relocation Council®, we have connections to more than 500 real estate firms around the nation and in more than 50 international countries. These memberships provide you with the comfort of knowing you will receive the same superior service, regardless of where in the world you may be headed.

NEW LISTINGS FOR ‘CHARLOTTE’ 2 Years (Monthly) June 2013 - June 2015

2,000

1,500

1,000

500

Jun Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun 13 13 13 13 13 13 13 14 14 14 14 14 14

Jul Aug 14 14

Sep Oct Nov Dec Jan 14 14 14 14 15

Feb Mar Apr May Jun 15 15 15 15 15

PENDING SALES FOR ‘CHARLOTTE’ 2 Years (Monthly) June 2013 - June 2015

1,600 1,400 1,200 1,000 800 600 400 200 Jun 13

Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 13 13 13 13 13 13 14 14 14 14 14 14 14 14 14 14 14 14 15 15 15 15 15 15

CLOSED SALES FOR ‘CHARLOTTE’ 2 Years (Monthly) June 2013 - June 2015

1,600 1,400 1,200 1,000 800 600 400 200 Jun 13

Jul Aug Sept Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 13 13 13 13 13 13 14 14 14 14 14 14 14 14 14 14 14 14 15 15 15 15 15 15

BALLANTYNE COUNTRY CLUB From elegant estates and country club communities to a four-star resort & spa, complete with a top ranked PGA golf course, this Queen City neighborhood is fit for royalty and is the definition of upscale suburban living.

AVERAGE PRICE PER SQ. FT.

170 165 160 155 150 145 140

2010 2011 2012 2013 2014 2015

(Jan-Jun)

Nearly 20 miles south of downtown Charlotte and just north of the South Carolina border is the highly esteemed 2,000 acre community of Ballantyne. The neighborhood sits on what was once the Morrison hunting preserve, and over the past 20 years it has been developed into a spectacular mini-city of its own.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 33 31

average sales price $774,029 $836,159

average days on market 152 106

AVERAGE PRICE PER SQ. FT.

COTSWOLD Spacious lots, mature trees, great walkability and a close commute to Uptown are just some of the perks of this desirable, inner-city neighborhood.

150

100

50

0

2010 2011 2012 2013 2014 2015

Cotswold is a vibrant area nestled between a cluster of the city’s most elegant neighborhoods—Myers Park, Eastover and Foxcroft. In recent years, Cotswold has experienced an explosion of popularity due to its close proximity to Uptown and its unique blend of old Charlotte charm and modern living amenities. Many families and young professionals call this neighborhood home and live in a mix of custom upscale homes and 1950’s renovated ranches.

(Jan-Jun)

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 48 54

average sales price $457,563 $584,804

average days on market 88 77

AVERAGE PRICE PER SQ. FT.

DILWORTH 300 250 200 150 100 50 2010 2011 2012 2013 2014 2015

(Jan-Jun)

Close your eyes and imagine a quaint street, lined with majestic oak-shaded sidewalks, two-story colonials, urban townhomes and historic bungalows with inviting front porches.

The captivating and historic neighborhood of Dilworth is a picture of vitality. Dilworth is known as Charlotte’s first streetcar-era suburb and, in modern times, it has become a magnet for Charlotte’s young professionals and their growing families.

Dilworth is known for its walkability, stylish shopping, hot spot dining, neighborhood schools, and stunning area churches. Exploring Dilworth’s main thoroughfare, East Boulevard, you will stumble upon hip eateries, corner cafés and even the freshest whole food markets.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 58 80

average sales price $604,087 $707,487

average days on market 97 70

AVERAGE PRICE PER SQ. FT.

EASTOVER Take a relaxing breath and escape into a serene, secluded neighborhood, featuring lavish lawns, rolling, green hillsides and the most prestigious southern classic architecture in Charlotte.

300 250 200 150 100 50 2010 2011 2012 2013 2014 2015

(Jan-Jun)

Noted for its elegant historic single-family estates, Eastover is paired with Myers Park as one of Charlotte’s most prominent residential areas. Situated on a slight hillside that slopes down to Briar Creek, the atmosphere of Eastover offers a true retreat from Charlotte’s bustling central business district. Cherokee Road and Eastover Road, gently curving south through the neighborhood, showcase some of Eastover’s finest homes on sprawling lots shaded with towering oak trees. The prevailing architectural style in the older areas of Eastover is classic red brick Georgian Colonial Revival as well as Tudor Revival.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 22 16

average sales price $1,068,045 $1,404,958

average days on market 157 106

AVERAGE PRICE PER SQ. FT.

ELIZABETH

“The breezes of heaven blow their freshest, the light of the sun is at its brightest in the favored neighborhood.” This 1910 poetic Charlotte Evening Chronicle description of the historic Elizabeth neighborhood holds true more than 100 years later, as this enchanting community continues to captivate and charm residents and newcomers alike.

200 150 100 50

2010 2011 2012 2013 2014 2015

(Jan-Jun)

Elizabeth is a perfect family neighborhood with plenty of private oak-covered streets and safe sidewalks to stroll. Much of the neighborhood was developed in the early 20th century, so the trees have had time to mature. They now form charming canopies over most of Elizabeth’s residential streets. A dynamic mix of entrepreneurs, artists, young professionals and families call Elizabeth home and live in the beautiful turn-of-the century bungalows, renovated condos and small to mid-sized homes.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 22 29

average sales price $464,793 $527,465

average days on market 81 56

AVERAGE PRICE PER SQ. FT.

FOXCROFT

Foxcroft continues to be one of Charlotte’s most desirable neighborhoods, where homes sit on sprawling lots, surrounded by mature trees and incredible landscaping. The Crepe Myrtle trees perfectly canopy the sidewalks and the oak trees provide a pop of lush green color in the summer.

300 250 200 150 100 50 2010 2011 2012 2013 2014 2015

From traditional homes, to classic Georgian to French Provencal, Foxcroft’s charming homes appeal to everyone. The neighborhood features Foxcroft Swim and Racquet Club, permanent water fountain near the tennis courts, and also the beautiful Susan Phelps Memorial Garden.

(Jan-Jun)

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 12 13

average sales price $1,283,758 $1,159,188

average days on market 115 221

AVERAGE PRICE PER SQ. FT.

MONTIBELLO 200

Gorgeous landscapes and a prime location are just a couple of the reasons why residents love to call this neighborhood home.

Montibello features 571 custom homes and is located in the SouthPark area of Charlotte, near the corner of Carmel and Quail Hollow Roads. This convenient location offers easy access to Uptown and the thriving SouthPark business and shopping districts. The Cedarwood Country Club and Carmel Country Club and Golf Course are right around the corner. The neighborhood is also walking distance to Olde Town Village shopping center and is close to the Harris YMCA. Residents enjoy the rolling, curvy, tree-lined streets, where neighbors come together to enjoy family-friendly activities.

150 100 50

2010 2011 2012 2013 2014 2015

(Jan-Jun)

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 9 12

The architecture varies form home to home and includes houses built back in the late 1960’s as well as many new construction homes. The styles include colonial, French provincial and contemporary.

average sales price $577,500 $601,568

average days on market 104 49

AVERAGE PRICE PER SQ. FT.

MYERS PARK With impressive historic estates and gently winding streets lined with giant oak trees, this area boasts picturesque Southern charm, quiet elegance, and natural beauty that you have to see to believe.

250 200 150 100 50 2010 2011 2012 2013 2014 2015

(Jan-Jun)

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 112 90

The neighborhood of Myers Park—located on the west side of Providence Road and south of Uptown Charlotte—is considered to be one of the most affluent and reputable areas in the city. Within the neighborhood’s elegant suburbs is a diverse mix of estates, mid sized homes, small cottages, condos and town homes surrounded by giant willow, oak, tulip poplar and elm trees.

average sales price $927,843 $914,673

average days on market 100 112

AVERAGE PRICE PER SQ. FT.

PIPER GLEN

It’s a marvelous country club neighborhood with a unique family feel and a true sense of community.

Welcome to Piper Glen.

135

Piper Glen is one community with 12 distinct neighborhoods, each with its own unique characteristics.

Residents have spacious homes, luxury estates to accommodate growing families. Piper Glen is home to a stunning 18-hole Arnold Palmer designed golf course.

Members also enjoy countless actives at the clubhouse including Friday Night Fine Dining, Burgers and Beer on the Patio, and scrumptious Sunday Brunch. A very popular dinner tradition for families is the weekly Family Night with delicious and child-friendly menus and an assortment of organized activities for the young ones.

130 125 120 115 110 2010 2011 2012 2013 2014 2015

(Jan-Jun)

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 18 22

Within a radius of five miles and five minutes of driving time, there are numerous locations for picturesque runs or walks. Residents also have the connivence of close shopping at The Shops at Piper Glen as well as SouthPark Mall. The Piper Glen Community is in the very center of the most vibrant and exciting area of Charlotte.

average sales price $689,444 $597,718

average days on market 171 149

AVERAGE PRICE PER SQ. FT.

PLAZA MIDWOOD It’s been dubbed one of the hippest, most eclectic neighborhoods in Charlotte and is home to a thriving business district, a picturesque historic community and one of Charlotte’s most prestigious country clubs.

200 150 100 50 2010 2011 2012 2013 2014 2015

(Jan-Jun)

Located just northeast of uptown, several major thoroughfares help form the boundaries of the Plaza Midwood neighborhood: Hawthrone Lane on the west, Central Avenue on the south, and The Plaza and Parkwood Avenue on the north. Briar Creek and the Charlotte Country Club form the eastern boundary. The predominant residential neighborhood of this area, Midwood, takes pride in its historic roots. Many of the bungalow-style and brick homes have been restored to their turn-of-the-century charm and beauty.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 96 82

average sales price $359,914 $368,322

average days on market 73 58

AVERAGE PRICE PER SQ. FT.

PROVIDENCE COUNTRY CLUB 160 140 120 100 80 60 40 20

This elegant neighborhood is family focused, offering its residents a plethora of fun, year-round activities as well as all of the luxuries of country club living.

2010 2011 2012 2013 2014 2015

(Jan-Jun)

Referred to as Charlotte’s premier family club, Providence Country club offers its members an impeccable golf course, tennis courts, state-of-the art pool facilities and amazing dining opportunities. The club offers an extensive social calendar for the whole family, complete with holiday themed celebrations like Easter egg hunts, pumpkin carving, and Sunday brunch with Santa. This upscale community is in the heart of South Charlotte and is just minutes from amazing shopping and entertainment options in Ballantyne. The architectural styles vary in this lavish neighborhood, featuring brick colonials, French Provincials and everything in between.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 6 25

average sales price $579,583 $690,396

average days on market 83 89

AVERAGE PRICE PER SQ. FT.

QUAIL HOLLOW 200

It’s luxurious country club living at its finest and residents love to rave about this amazing Charlotte neighborhood.

150

Quail Hollow is north of Ballantyne and Pineville, and just south of SouthPark, conveniently nestled between Park and Carmel Roads. Located adjacent to the Quail Hollow Country Club, it is one of south Charlotte’s most lavish golfing communities and offers residents beautiful golf course views. The country club is home to the Wells Fargo championship PGA Tournament each year, which many residents are able to watch right from their backyards. Many of the homes sit on very spacious lots, up to 3 acres in size, and feature incredible lawns and landscaping.

100 50

2010 2011 2012 2013 2014 2015

(Jan-Jun)

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 5 1

average sales price $763,665 $950,000

average days on market 80 125

AVERAGE PRICE PER SQ. FT.

STONECROFT Location, location, location! This luxurious neighborhood is located in coveted South Charlotte. It’s conveniently accessible to the city’s major thoroughfares-- Colony, Rea, & Providence Roads and it’s just minutes from Uptown. Residents in this neighborhood have access to it all!

200 150 100 50 2010 2011 2012 2013 2014 2015

(Jan-Jun)

The incredible homes in Stonecroft are built by some of the area’s most elite, custom builders and feature stunning, sophisticated designs. The architectural styles vary in this 120 home community, which offers breaktaking views of Carmel Country Club.

5 YEAR COMPARISON

time frame 1/1/14 - 6/30/14 1/1/15 - 6/30/15

number of sales 6 2

average sales price $1,104,583 $844,500

average days on market 203 102

Dickens Mitchener Proudly Supported these Organizations in 2014

Billingsville School

Eastover Elementary