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