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Brighton Park in Mint Hill NC--2010 Real Estate Market Update

Brighton Park in Mint Hill NC—2010 Real Estate Market Update

Click here for an update to the 2011 real estate market in Brighton Park.

Brighton Park in Mint Hill NC. Picture yourself in a traditional neighborhood where every home has a friendly front porch. Lots and streets are compact making walking to the five neighborhood parks and adjacent shopping center easy. If you prefer townhome living, that’s available too.Brighton Park in Mint Hill NC

Brighton Park was designed to bring a little bit of city living to downtown Mint Hill. This lifestyle has been very popular in Mint Hill, where most neighborhoods are low density. Construction began in the neighborhood several years ago and continues today with both resales and new homes available.

How did the 2010 real estate market in Brighton Park compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. Twenty single family homes sold in the neighborhood compared with 24 in 2009. Median prices increased slightly in 2010 while the median size of homes decreased 11.6%. This indicates a substantial increase in price per square foot in the neighborhood. The increase in price per square foot is likely due to the dominance of new construction sales in the neighborhood. Median days on market increased nearly four-fold. The median list-to-sale ratio increased to 99%, once again likely due to new construction sales.

Townhomes added another twenty sales in Brighton Park in 2010. There is no real comparison with 2009 because there was only one sale that year. All the townhome sales were new construction.

Brighton Park Real Estate Market Comparison

Single Family Homes

Brighton Park
Market Update		 Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $198,995 2467 21 96%
Year 2010 $200,102 2180 95 99%

Source: Carolina Multiple Listing Service

Townhomes

Brighton Park Market Update Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $157,000 2330 144 92%
Year 2010 $150,220 2103 90 96%

Source: Carolina Multiple Listing Service

Brighton Park Types of Closed Sales

New construction sales dominated Brighton Park in 2010 representing 87.5% of the market. There were no foreclosures and only one short sale indicating a healthy real estate market in the neighborhood.

Brighton Park Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 4 10%
New Construction 35 87.5%
Foreclosure n/a n/a
Short Sale 1 2.5%

Source: Carolina Multiple Listing Service

Read more about Brighton Park, its community amenities, builders and public schools: Brighton Park in Mint Hill NC—Homes for Sale and Neighborhood Profile.

Brighton Park Homes for Sale

Click here to find Brighton Park homes for sale.

Ever wonder what your Brighton Park home is worth?

Click here to request a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Brighton Park in Mint Hill NC—2010 Real Estate Market Update*

Posted Thursday Feb 24