Briarcrest in Wesley Chapel NC--2010 Real Estate Market Update
Briarcrest in Wesley Chapel NC—2010 Real Estate Market
Update
With the Wesley
Chapel Village Commons shopping center nearby and historic downtown Waxhaw
NC just a few miles away, Briarcrest is the best of all worlds for those who
want a quiet neighborhood in a rural setting with city conveniences nearby.
Briarcrest has two sections separated by Billy Howey Road but linked by a
walking trail. Construction is complete in the section with third acre lots and
a lower price point. Legendary Communities is building new homes in the other
section where lot sizes average a half acre. Briarcrest includes a swimming
pool and clubhouse, tennis courts and a playground.
How did the 2010 real estate market in Briarcrest compare with the
2009 market in the neighborhood? The table below shows median values
for several characteristics of the marketplace. Eight single family homes sold
in 2010 compared with six in 2009.
Briarcrest Real Estate Market Comparison
The homes that sold in Briarcrest in 2010 were larger and higher priced than
those that sold in 2009. Median closed prices in Briarcrest increased 6.7% in
2010 while median square footage increase 12.8%. But on a dollars per square
foot basis, 2010 home sales were lower than in 2009. This may be due to the
fact that the original builder closed and sold its remaining inventory as short
sales.
Single Family Homes
Briarcrest
Single Family Market
Update |
Median Closed Price |
Median Home Square Footage |
Median Days on Market |
Median List to Sale Ratio |
| Year 2009 |
$273,000 |
3153 |
23 |
92% |
| Year 2010 |
$291,500 |
3557 |
118 |
94% |
Source: Carolina Multiple Listing Service
Briarcrest Types of Closed Sales
| Briarcrest Sales Types |
Number of Closed Sales |
Percentage of Closed Sales |
| Resale |
4 |
50% |
| New Construction |
n/a |
n/a |
| Foreclosure |
1 |
12.5% |
| Short Sale |
3 |
37.5% |
Source: Carolina Multiple Listing Service
Read more about Briarcrest, its community amenities, builders and
public schools: Briarcrest in Wesley Chapel NC: Homes for Sale and
Neighborhood Profile
Briarcrest Homes for Sale
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here to see Briarcrest homes for sale.
Ever wonder what your Briarcrest home is worth?
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here to receive a free market evaluation.
Copyright 2011. Carol Fox. Allen Tate Realtors. *Briarcrest in
Wesley Chapel NC—2010 Real Estate Market Update*