In a recent Redfin article, the annual hottest neighborhoods report breaks down the top neighborhoods to live in 2019 using a combination of agent insights and data. Common across all areas this year, buyers are looking for affordable living which is proving to be difficult in such a hot market.
This year, the top neighborhoods shifted from last year’s west coast focus, to a dispersed west coast-east coast mix. While Charlotte neighborhoods didn’t make the top 10 either year, one thing is for sure, prices are rising and so are sales! In 2018, Redfin released the top three neighborhoods in each of the largest metro areas poised to become desirable in 2018. The three Charlotte neighborhoods selected were Pawtuckett, Fourth Ward, and Oakdale North. All three had a median days on market of over 60 days. Fast forward to 2019, those numbers have decreased to a median of 45 days with a high median sales price of $303,000 compared to last year’s high of $260,000.
The top three Charlotte neighborhoods in 2019 poised to be the most desirable neighborhoods in the country in the coming year are as follows:
Wedged between Hamilton Circle, Beatties Ford-Trinity, and Oakdale North, Sunset Road is situated just minutes from I-77, I-85, uptown and shopping centers. Sunset Road is easily accessible and surrounded by beautiful neighborhoods, parks, and golf courses. This neighborhood offers spacious lots and newer construction at affordable prices.
According to Redfin, the median sales price in this area is $201,500, just under the $240,000 median sales price of the overall metro area. Sunset Road has the lowest median days on the market compared to the other top three Charlotte neighborhoods at just 37 days with almost half of the homes in this area selling above list price!
Another conveniently located neighborhood made the list this year. Easy access to the Lynx Blue Line, just 15 stops from Uptown and located close to major highways and the airport, Madison Park has a lot to offer. This neighborhood boasts two city parks with access to outdoor tracks, a playing field, a gym complex, and senior center, making it a great place for families of all stages to live.
Madison Park features a variety of home styles dating back to the 1950’s and is maintained by an active homeowner’s association. The median sales price according to Redfin is $303,000, slightly higher than the overall Charlotte median price. Madison Park has a higher amount of median days on the market compared to the other top three Charlotte neighborhoods at 60 days with 13.5% of homes in this area selling above list price.
Mallard Creek-Withrow Downs
This quiet, suburban neighborhood is located north of Charlotte, and is close to major highways, airports, and parks. Homes in this area are spacious and well suited for a young family seeking activities and access to the surrounding city.
The median sales price of Mallard Creek-Withrow Downs is $255,000, fairly consistent with the overall Charlotte median price. The amount of median days on the market in this neighborhood is 45 days with 24.1% of homes in this area selling above list price.