Million Dollar Condos...Donde Es?

May 17, 2008

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC
Million Dollar Condos-¿Donde Es?
After visiting The Trust on Friday and reading the news story when the project was first announced, I got to thinking. It wasn’t that many years ago, that the database had to be changed to accommodate 1 million dollar condominiums in Charlotte, NC. After all, in many ways we are still a small Southern town. Our uptown is about 6-8 blocks in any direction…and then there are the neighborhoods that make up the outer part of the inner city…and they are just a stone’s throw from Uptown. A brisk walk from Myers Park or Dilworth will get you there…and even from Elizabeth, Eastover, the heart of the city is palpable.
So what if you are considering Charlotte, thinking about a luxurious condominium, want to be close to The Square (center city), but want to know all of your options? Where are the million dollar plus condominiums besides the Uptown? And what does that trending look like?

That is what I was thinking about as I played in the city Saturday night and just did a placeholder on the podcast and blog. The question to myself is from your perspective: what are my options?

A little history:
2006-Active-Mecklenburg County-Uptown Charlotte In the active column, there are no active million dollar plus condos either in Mecklenburg County and because we list them separately, in Uptown Charlotte, Area 99.
2006-Sold-Mecklenburg County: 2 condos:2400 Roswell, Penthouses at Phillips Place
2006- Sold Uptown-Area 99: 3 were sold: The Ratcliffe, Courtside and 230 S. Tryon

2007-Active-Mecklenburg County-19 in Mecklenburg County: includes Fenton Place, Metropolitan, 2021 Queens, Stephens Square, 1610 Queens and Hagood Reserve
2007-Active- Uptown Area 993 in Uptown Charlotte:2 at The Vue and 1 at 400 North Church

2007-Sold-Mecklenburg County-17 in Mecklenburg County: The Crillon, Roswell Place, St. Serrant, Queens Six Two Six, 2400 Roswell Place, Park Phillips, Courtside,
2007-Sold-Uptown: 8 units were sold: Includes Courtside, Ratcliffe, 230 S. Tryon

2008-Active-Mecklenburg County-19 condos are available includes: Rosewood, Parkside, Myers Park, Royal Court, Morrocroft (co-ops) Hagood Reserve, The Arlington and Penthouses at Phillips Place.
2008-Active-Uptown-Area 99- Nine are listed as active: Includes Encore, The Trust, 230 S. Tryon, The Vue, Settler’s Place, 400 North Church.
2008-Sold-Mecklenburg County- 2 units are reported sold: Roswell Place
2008 Sold-Uptown-Area 99-2 units are reported sold- both at The Ratcliffe

Please remember that this study is on 1 million plus condominiums…and also please remember that builders do not necessarily report activity to MLS, Multiple Listing Service. And…if you have questions, please feel free to be in touch.

Lynnsy Logue The Real Estate Lady and Condo CanDo in Charlotte, NC