Madison Park Neighborhood Real Estate Market December 2009

   As of December 30, 2009 there are 45 available Madison Park neighborhood real estate listings with prices ranging from $78,900 to $319,900.

   Compared to last month, available and under contract activity for real estate listings in Madison Park has remained the same. 

   For the Madison Park neighborhood in Charlotte NC there is currently an 8.7 month supply of homes for sale, and available Madison Park real estate listings continue to outnumber the recent successful sales and current under contract activity.

    By price range, the pace of recent real estate sales in the Madison Park neighborhood is at or just below the level of available Madison Park homes for sale….until the $250,000 threshold where real estate market conditions shift and available homes are more than twice the recent sales activity.

   Currently there are available Madison Park homes for sale in a variety of price ranges for buyers to consider, with the highest amount of available Madison Park real estate listings located in the $250,000 to $299,999 price range.

   Since late June 2009 the 31 successfully closed Madison Park real estate sales….

– Sold for an average of $217,403 (range was $111,250 to $275,000)

– Spent an average of 100 days on the market before going under contract (range was 4 days to 368 days)

– Sold for an average of 89.9% of the original listing price (range was 63.5% to 100.7%)

   Some amount of seller paid closing costs were included in 21 of the 31 recently sold Madison Park real estate listings and those seller contributions ranged from $493 to $7,000.

  To set up a consultation (via phone or in person), 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.

Madison Park is a Charlotte NC neighborhood of single family homes built primarily in the 1950’s and 1960’s, located within minutes of the light rail line and is convenient to both South Park and Uptown Charlotte NC.

Copyright©2009 by Diane McDermott, All Rights Reserved, “Madison Park Neighborhood Real Estate Market December 2009”

*Data based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.


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