Summerlake (28226) Market Report JULY 2018

By
Real Estate Agent with www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 228209

Summerlake (28226) Market Report JULY 2018   Summerlake neighborhood SouthPark Charlotte NC

One of SouthPark's premier communities, Summerlake features 135 custom-built, elegant, traditional style homes.  The homes in Summerlake range from 2,500 to 6,000+ square feet.  

 

Some of Summerlake's lots overlook the community pond, some are situated on the walking trails and others have 'back door' access to Olde Providence Swim & Racquet Club*. This lovely neighborhood is situated in the heart of SouthPark, approximately 3 miles from Quail Hollow Country Club, nearby Carmel Country Club and Cedarwood Golf Club is within close proximity as well.  

 

Of course, if you're into shopping and dining at fine restaurants, you will love this location, near SouthPark Mall and the mall's surrounding fabulous restaurants.  Summerlake residents also enjoy the convenience of the Arboretum and it's central location to all of Charlotte's premier private schools.  This neighborhood boasts top-ranked public school assignments as well.  

 

How's the market faring in popular Summerlake neighborhood?  

 

The average price per square foot in Summerlake is $196./SF  

 

The average sales price in Summerlake is $810,000, a 7% decrease year-over-year  

 

The average days on the market are 39, a 43.9% decrease year-over-year.   (Bear in mind that this price range does tend to have slightly increased days on the market; 2014 was the rebound year for the recession and in our opinion, the days on the market have returned to a more 'normal' average.)

The market absorption trend reflects a 2.5 month supply of homes for sale in the Summerlake neighborhood, a strong sellers market.    

 

The market absorption trend can be impacted by any or all of the following:

  • The price set on homes for sale in the community
  • The improvements made upon each home for sale within the community
  • The location within the community
  • The exterior construction - some buyers prefer stucco, some brick.
  • Current market buyers' preference dictates how quickly a home will sell based upon these factors.

*Data provided by CMLS; information is reliable but, not guaranteed.

 


 

 

If you're thinking of buying a home in SouthPark, we know the area like the backs of our hands!  We'd love to give you the grand tour and assist you with your home purchase.  Let us know when you're ready!  View currently active homes for sale in SouthPark.   

 

 

HOMES FOR SALE IN SUMMERLAKE  

 

SUMMERLAKE SCHOOL ASSIGNMENTS  

Summerlake Schools (SouthPark Charlotte NC)

*School assignments are subject to change - please check with CMS to confirm the school assignments currently in place for any home's address that you are considering purchasing.

 


 

 

  Summerlake Homes for Sale in Charlotte's SouthPark

If you're a Summerlake homeowner, we would love to talk to you when you're ready to list your home.  Visit www.ListMyCharlotteHome.com or give us a call /text at (704) 491-3310 or email SavvyBroker@me.com.  We live in the area and have a vested interest in maintaining the values within!

 

 

Here's why savvy Charlotte home sellers are listing with us - our days on the market are well below average and our list-to-sales price ratio is above and beyond the competition!  

What does this mean?  We get your more money for your home in less time - the top two requests that every seller makes!  

 

Follow our SouthPark page on Facebook  

 

 

*Olde Providence Swim & Racquet Club is located directly adjacent to the back of the Summerlake community and memberships are available to Summerlake homeowners. Contact OPRCTennis.com or (704) 366-9817 for details & membership.

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | (704) 491-3310 | Summerlake Market Report JULY 2018  

Originally posted at https://www.icharlotterealestate.com/summerlake-market-report-southpark-july-2018/

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Hyper-Local
2018 Market Reports
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Rainmaker
51,071
christine & James prestininzi-madalone
NEXTHOME Real Estate Executives - West Palm Beach, FL

Charlotte is such a great place. Have college friends there and pass through when i head to NY for summers. Summer lake sounds awesome!

Jul 19, 2018 09:04 PM #1
Rainmaker
2,963,865
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

One of these days, Debe I will see these reports... those AR gremlins are hiding them from my eyes.... good thing you wrote $196 per sq ft for the average and if I may as what is the average living sq ft? Endre

Jul 19, 2018 10:04 PM #2
Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Your Summerlake  Market Report is very detailed abd interesting to read and analysis Debe...

Jul 19, 2018 10:57 PM #3
Rainmaker
4,317,133
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jul 20, 2018 03:59 AM #4
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Christine & James! Oh, I absolutely love it here! Do stop in next time you're passing through - would love to meet you!

christine & James prestininzi-madalone 

Jul 20, 2018 05:13 AM #5
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Endre Barath, Jr.! I hate that everyone isn't seeing these reports. What browser do you use?

Jul 20, 2018 05:15 AM #6
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Paul S. Henderson, REALTOR®,CRS,! Thank you and happy, happy Friday!

Jul 20, 2018 05:15 AM #7
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Thank you so much, Gita Bantwal! Have a fantastic weekend!

Jul 20, 2018 05:16 AM #8
Rainmaker
2,963,865
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Well Debe, the good news is I am seeing the graphs now and it is the same browser I have been using for years, CHROME:))Endre

Jul 20, 2018 10:48 PM #9
Rainmaker
4,636,381
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Debe.  Thanks for the information and update for the Summerlake real estate market.

 

Jul 24, 2018 06:33 AM #10
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Oh, that IS great news, Endre Barath, Jr.! I either use Chrome or Safari and am most often using Chrome when playing in the Rain. I have seen a 'delay' in load-time but, they typically show up...eventually!

Jul 24, 2018 06:36 AM #11
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Hi Gabe! Thank you and Happy Tuesday! 

Gabe Sanders 

Jul 24, 2018 06:41 AM #12
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