The real estate market in the Beverly Woods neighborhood in Charlotte NC has cooled off once again as of August 2009. After several months of real estate activity and movement in the lower price ranges of the Beverly Woods neighborhood, there’s now a lack of any under contract Beverly Woods homes for sale.
Over the past 3 months, 9 Beverly Woods real estate listings have sold successfully and the vast majority (89%) were below the $300,000 price point. But….even with those recent successfully sold Beverly Woods real estate listings the forward-looking under contract indicator is pointing to a stall in the absorption of available Beverly Woods real estate in Charlotte NC. Buyers are silent and none of the available Beverly Woods homes for sale in Charlotte NC are headed to closing at the moment.
What all of this means is good news for qualified home buyers as current and short term trends indicate a strengthening buyer-favored real estate market in the Beverly Woods neighborhood at the lower price points. Despite some recent movement of Beverly Woods real estate listings below $300,000 real estate market conditions appear to be shifting back to a lack of buyer activity throughout the entire Beverly Woods neighborhood real estate market, at least for now.
Over $300,000 there’s no sign of the extreme buyer-favored real estate market conditions in Charlotte NC’s Beverly Woods neighborhood thawing anytime soon but that’s been the case for some time now.
The 20 currently available Beverly Woods homes for sale in Charlotte NC range in price from $235,000-$410,000 and include ranch (including 1 with a basement), tri-level and 2 story home styles.
Beverly Woods is an established Charlotte NC neighborhood of single family homes in the heart of South Charlotte, minutes from South Park and convenient to Ballantyne, the South Blvd light rail line and Uptown Charlotte NC.
Related Articles: Charlotte NC Neighborhood Real Estate Market Reports
Copyright©2009 by Diane McDermott, All Rights Reserved, “Beverly Woods Neighborhood Real Estate Market 8.25.09”
*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.