Spotlight on Wessex Square

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If you want a beautiful, mature neighborhood close to SouthPark but don’t quite have the Foxcroft or Myers Park budget then take a look at Wessex Square!

Built in the 1980s, the 241-home neighborhood is full of mature trees and 1.5-2 story homes ranging in size from about 1,700 square feet to 2,800 square feet.

Wessex Square is located off Rea Road between Cedarwood Country Club and Carmel Country Club. Colony Place shopping center is right down the street, and the neighborhood is convenient to both SouthPark Mall as well as Carolina Place Mall, which is a few miles west down Pineville-Matthews Road (Highway 51). Just across Highway 51 is the Arboretum Shopping Center.

Home prices in Wessex Square range from about high $100,000s to mid-$300,000s. The highest sold price in the last 12 months was $365,000. Screen Shot 2016-02-07 at 10.37.18 PM

The average sales price for the 26 homes sold in the last 12 months is $283,365. Expect to pay about $129 per square foot for a home in Wessex Square, which is the average for the last 12 months.

Currently, there is only 1 home on the market in Wessex Square, and it is under contract. An average of 2.2 homes sell per month in the neighborhood, which is 2 weeks inventory for the market.

Homes in Wessex Square have sold for an average of 97.8% of list price in the last year.

Neighborhood schools are among the city’s best rated – Old Providence Elementary School, Carmel Middle School and Myers Park High School.

Location, affordability and maturity make Wessex Square a great choice to buy a home, even a first home!