How’s the Real Estate Market in SouthPark?

SouthPark, once part of a 3,000-acre farm owned by N.C. Gov. Cameron Morrison, has been transformed into one of North Carolina’s most esteemed and successful live/work communities.  SouthPark is a prestigious address that offers a variety of housing styles, ranging from 1950’s ranch homes in Beverly Woods and Barclay Downs, popular Mountainbrook (developed in the 1960’s) to mid-range communities like Summerlake to old & newer multi-million-dollar homes in neighborhoods like Quail Hollow, Carmel Park, Foxcroft and the exclusive gated communities of Morrocroft and nearby Seven Eagles.

The Harris YMCA, located at the corner of Sharon and Quail Hollow Roads, is also a legacy from the Morrison/Harris family.  Additionally, SouthPark is the second-largest business district in the state (developed primarily by the Bissell and Harris families), with over 40,000 workers.  Impressive office buildings are spread throughout the area, including the alluring Rotunda with its dramatic fountains.  Several hotels are also located in SouthPark.  Some would compare SouthPark to Atlanta’s Buckhead neighborhood.

So, how IS the market doing in SouthPark?  Average sales prices continue to be on the rise as days-on-the-market are on the decline.  SouthPark is truly the ‘center’ of the city – with fabulous shopping, divine restaurants and so much to do right here in SouthPark – why live anywhere else?

Average Sales Price in SouthPark (Single Family Homes):

Price Per Square Foot in SouthPark:

SouthPark Homes’ Days on the Market:

Months Supply (inventory in SouthPark):

© Debe Maxwell | The Maxwell House Group | SavvyBroker@me.com | SouthPark Real Estate Market Report AUG 2016