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Barclay Downs - A SouthPark Community - Market Report JAN 2022

By Debe Maxwell, CRS

Real Estate Agent with Savvy + Company (704) 491-3310 228209

January 08, 2022 08:15 AM

Popular SouthPark Neighborhood Market Update JAN 2022
Barclay Downs - A SouthPark Community - Market Report JAN 2022

How's the Market in Barclay Downs?

BARCLAY DOWNS SOUTHPARK CHARLOTTE:

SouthPark, once part of a 3,000-acre farm owned by N.C. Gov. Cameron Morrison, that has since been transformed into one of North Carolina’s most esteemed and successful live/work communities.

It contains one of the most popular neighborhoods in Charlotte - Barclay Downs. Neighbors include SouthPark Mall, The Colony, Piedmont Row and more. Barclay Downs features several award winning public schools, a regional library, and plenty of general and specialty retail shopping.

Barclay Down’s livability score is 68 – ranked #66 in Charlotte and #76 in North Carolina. It currently has a 97% high school graduation rate and a 70% higher income than America’s average (the median household income is $94K). Median home prices Barclay Downs are $680,000, with the cost of living being 44% higher than the average for North Carolina.

The neighborhood is composed of nearly 400 homes, mostly brick, developed in the 1950's. Most of them have been renovated or leveled and re-built with homes selling in the low- to mid-$500's to over $1,700,000.

If you’re searching for lifestyle, discover popular Charlotte neighborhood of Barclay Downs. The popularity of this community is driven by it’s lifestyle, location and amenities. Having lived in SouthPark for many years, I know you're going to love living here!

The real estate market in Barclay Downs is booming and when well-marketed and priced correctly, sellers enjoy a bountiful sale. Here is the latest data (as of the end of last month) on the Barclay Downs community in SouthPark, Charlotte.

Market Absorption Rate - 0.6 months

Average Sales Price - $881,023

Average Days on the Market - 20 - down 59% year-over-year.

Number of homes on the market - 3 per the graph below, but, there is only 1 home currently active and 2 homes in the community under Contract as of 08JAN22.

Showings Per Listing - 15.5