August Market Report- 28209 and 28211

The SouthPark area is well known for its convenience, shopping, quality homes and value.

Average	2006	2007	% Inc/dec
Cost Per SF	198.34	220.68	11.26
# Solds	77	54	-29.87
Average Sales Price		$564,046
ATS Index		106.68
Months Inventory		3.57

It is a well deserved reputation. Despite 30% fewer buyers in the market, instead of price decline, prices are up11.26%. Wow. Clearly this is an area newcomers and old timers alike truly love. And the sellers and agents are doing a good job of keeping it real with an ATS of 106%. Inventory at 3.5 reflects the far fewer buyers in this market in August 2007.
See recent pictures of the SouthPark here.

August Market Report- 28277

Zip Code 28277, is a popular South Charlotte zip.

Average	2006	2007	% Inc/dec
CPSF	133.96	136.33	1.77
# Solds	154	144	-6.49
ATS Index		105.21
Months Inventory		2.80

Where CPSF is the Average Cost per SF of sold homes. So the ATS (Asking to Selling) is a manageable 105%, Inventory 2.8 month supply, prices up and even the number of solds, is only down slightly.

All numbers are derived from CMLS data, not provided by CMLS

August Market Report- 28270

August, 2007 Zip Code 28270, central South Charlotte

Average 2006 2007 % Inc/dec
CPSF 117.74 122.87 4.36
# Solds 73 51 -30.14

Aug-07 Average Sales Price $326,842
ATS Index 107.68
Months Inventory 2.71



Average cost per square foot of the solds rose 4.36% in August over August 2006. Number of units fell 30% over a year ago. The ATS index (Asking To Selling) See here for a full explanation- Average Per Sg FT of the Listed to the Average SF of the Solds,- the average listed is asking 107% of the same months solds.

If current sales paces continues, there is an estimated 2.71 months supply of homes.

What of the 30% fewer sales? There were 30% fewer buyers in this zip this month, but prices went up. The market tells the truth, this is still a very popular zip code, central and with good schools.

All data is derived from the Carolina MLS, but is not provided by the MLS

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