Charlotte NC Real Estate Market Report | Dilworth | JAN 3, 2012

East Blvd, is the thoroughfare that leads you to and through Charlotte’s popular Dilworth Community.  Lined with shops and restaurants as well as stately, mature oak trees, Dilworth beckons you into one of Charlotte’s most coveted communities.

Dilworth, which began as Charlotte’s first streetcar suburb, was established by Edward Dilworth Latta in the 1890’s and like its neighboring Myers Park, the streets of Dilworth, all with sidewalks and homes with front and wrap-around porches, just remind you of days of old.  Dilworth features lovely and unique bungalows as well as stately mansions and quaint ranch homes–all on the same street!  Dilworth is also home to the Charlotte Metro area’s largest regional, Level 1 trauma hospital, Carolinas Medical Center.  Dilworth also offers walkability to shops and dining as well as easy access to Charlotte’s Lynx light rail service.

Dilworth’s proximity to Uptown contributes greatly to its solid property values.  The average single-family home price is $476,906, with 2,100-square-feet average home size at $226/SF.  Average list to sales price ratio is 94% and the average days on the market are just over 3 months.  With only a 5-month supply on-hand, it is a seller’s market in the Dilworth community.