As of December 26, 2009 there are 12 available Olde Providence neighborhood homes for sale, ranging in price from $214,000 to $325,000. The two lowest priced Olde Providence homes for sale ($214,000 and $239,900) are both potential short sale situations.
There are currently 3 Olde Providence real estate listings under contract, an INCREASE in under contract activity from last month.
For the Olde Providence neighborhood in south Charlotte NC overall, the under contract and recent successfully sold real estate listings are greater than the currently available Olde Providence homes for sale. Based on the recent pace of successfully sold homes, the current Olde Providence neighborhood real estate inventory is at a 6 month supply of homes for sale which is within balanced real estate market conditions.
The most recent real estate movement in the Olde Providence neighborhood in south Charlotte NC has been over the $250,000 price point, which is where all of the under contract Olde Providence real estate listings are priced and also where the majority of available Olde Providence real estate listings are located.
Since late June of 2009 the 12 successfully sold Olde Providence real estate listings:
– had an average sales price of $262,666 (range was $192,000 to $295,500)
– spent an average of 51 days on the market (range was 8 days to 200 days)
– sold for an average of 93.4% of the original listing price (range was 86.9% to 100%)
Seller paid closing costs ranging from $4500 to $5500 were included in 4 of the 12 recent Olde Providence neighborhood real estate sales.
To set up a consultation (via phone or in person), OR for any questions you may have about buying or selling a home in Charlotte NC and how current real estate market conditions may relate to you, contact us.
Olde Providence is a Charlotte NC neighborhood of single family homes built primarily in the 1960’s and 1970’s in the heart of South Charlotte between Rea Rd and Colony Rd. The Olde Providence neighborhood is conveniently located between South Park and Ballantyne in South Charlotte NC.
Related Articles: Real Estate Market Reports for Charlotte NC
Copyright©2009 by Diane McDermott, All Rights Reserved, “Olde Providence Neighborhood Real Estate Market December 2009″
*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.