Market spotlight: Midwood

Welcome to Midwood, one of Charlotte’s most diverse and eclectic streetcar-era neighborhoods, filled with art galleries, funky shops and great restaurants.  It is approximately one mile to the Northeast of Uptown, with the 19-acre Veterans Park lying to the south. Midwood is home to turn-of-the-century factories and blue car housing and one of Charlotte’s largest pre World War II suburban shopping strips, as well as the city’s most prestigious country clubs. The neighborhood is characterized by early 1900s large craftsman bungalows and by cottages built between the 1920s and 1940s.

Midwood is considered  one of the hippest neighborhoods in Charlotte, as its the perfect blend of classic and cool. Be sure to get your Carolina BBQ fix at Midwood Smokehouse and check out the interesting selection of retro shops at The Common Market.

Charlotte, and Mecklenburg County as a whole, are in a bit of a seller’s market, with inventory hovering around three months. Midwood, with 37 homes currently on the market, has 2.9 months of inventory, in line with the rest of the area and certainly seeming to favor sellers at the moment.

midwood.inv

 

 

 

 

 

The average sales price has been steadily climbing over the past year, which is good news for sellers.

midwood.salesprice

 

 

 

 

 

Furthermore, the average sales price of homes in Charlotte overall have also been steadily on the rise for the past five years. This is definitely a good sign for the market here.

And, as good news for buyers and sellers alike, the average price per square foot has seen very little change over the past twelve months, not straying far from $206/square foot. This consistency indicates a stable market, which is always a desirable thing.

midwood.ppsf

 

 

 

 

 

The market in Midwood is looking good, and with so much history and uniqueness to offer, its a wonderful neighborhood to live in and explore.

 

 

 

 

 

email

, , , , , , ,

Read previous post:
The Daily Targets Fall Opening in Fourth Ward

Nightlife industry veterans Kevin Devin, Maynard Goble and Tommy Timmins (Connolly’s, Prohibition, Dandelion Market, Tyber Creek and Workman’s Friend) and new...

Close

Previous posts box brought to you by upPrev plugin.