Neighborhood Spotlight: Plaza Midwood
Plaza Midwood is one of the hottest neighborhoods in Charlotte, located approximately a mile northeast of Uptown. Most consider this the Queen City’s most diverse and eclectic neighborhood. It’s full of fantastic restaurants, pubs, art galleries and funky shops.
The neighborhood was originally developed in the early 1920s as a streetcar suburb, and a portion of Plaza Midwood is a historic district with distinct character. The charming Plaza Midwood community features local parks, wonderful entertainment, and easy access to all that Charlotte has to offer. It’s nestled among a cluster of highly sought after neighborhoods, each with it’s own distinct character.
There are currently 57 homes on the market in Plaza Midwood,representing 4.5 months of inventory, which is only slightly higher than the 4.1 months of inventory that Charlotte as a whole has available
But don’t let these numbers fool you – the market for homes here is extremely competitive, with most selling within hours with multiple offers. This means the market is currently favoring the sellers. There has been a steady climb in the average price per square foot of homes over the last several years.
Furthermore, the market is quite active with approximately 12 homes selling per month, that is, until the last three months, where an average of 17 homes per month have been sold.
Homes currently on the market here range in price from $250,000 to $1.9 million, and range in size from just over a thousand square feet to over almost 7,000 square feet, and feature a wonderfulvariety of architectural styles and unique qualities. There is something for every taste in this incredibly appealing neighborhood.
You won’t want to miss this one-of-a-kind, incredibly sought-after Charlotte district!
CURRENT MIDWOOD LISTINGS
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