Hembstead Homes in Charlotte NC - 10 Year Sales Overview
Hembstead is a beautiful neighborhood in Charlotte NC, just south of Highway 51 and Providence Road. This prime location close to great shopping, restaurants and recreation (Arboretum Shopping Center, Southpark Mall, Stonecrest and Blakeney) is just a short 30-minute commute to uptown Charlotte! Zoned for award-winning Charlotte schools Elizabeth Lane Elementary, South Charlotte Middle, and Providence High, Hembstead is a five-star neighborhood in Charlotte!
Hembstead neighborhood's 10 year sales overview shows a steady (and sometimes dramatic) increase in average sales prices from 2001 - 2010. The peak sales price in Hembstead was in 2009 at $696,000, although this average sales price my be somewhat skewed because only 5 homes closed in Hembstead last year, and they were significantly larger in square footage, than the average in other years. Unlike most neighborhoods/areas in Charlotte, home values did not start to drop in Hembstead until 2010. At an average sales price of $546,550 in 2010, Hembstead prices have reverted to closer to 2006 levels.
In the second graph, we can see that over the last 10 years, Hembstead homes in Charlotte NC have enjoyed a steady increase in sales prices and price per square foot. As the housing market decline hit Hembstead homes in 2009, the price per square foot dropped precipitously, as did the list/sales price ratio.
As you can see, from an investment standpoint, Hembstead neighborhood makes sense. Prices in this great neighborhood have dropped, so now is the time to get a great value on a well-built home on a large, mature lot, right in the heart of South Charlotte. If you are interested in buying a home in Hembstead, or selling your Hembstead home, please call, text or email me. It would be my pleasure to help help you!
Search here on my website for homes for sale in Hembstead neighborhood in Charlotte NC.