The 3 successfully closed home sales in Charlotte NC’s Providence Commons neighborhood over the past six months….
– had an Average Sales Price of $223,583 (range was $198,750 to $242,000)
– spent an Average of 183 Days on the Market (range was 44 days to 258 days)
– sold for an Average of 94% of the Original List Price, average of 95% of the Final List Price
– Seller Paid Closing Cost Contributions of $2,500 to $12,000 were included in ALL of the 3 recently closed Providence Commons home sales
Most of the recent neighborhood sales activity has been at the Low $200’s and that’s also where the majority of Available neighborhood homes for sale are priced.
As of March 2011 there’s a 10 month real estate inventory in the neighborhood (it would take 10 months to clear the current supply of homes for sale based on the recent sales pace)
That’s a decline in the supply of homes for sale from last month and lower than the inventory at the very end of 2010.
Still, home Buyers are generally favored with the amount of homes to consider in the Providence Commons neighborhood right now since a 10 month supply is above balanced real estate market conditions.
Whether any of the available home meet your needs as a buyer? Only you can make that decision.
To view the neighborhood real estate listings – Homes for Sale in Providence Commons
To view homes for sale in nearby Southeast Charlotte NC neighborhoods:
OR to enter your own home search criteria: Search Charlotte NC Area Homes for Sale
Charlotte NC’s Providence Commons Neighborhood is located Southeast of Uptown Charlotte NC with homes built in the mid 1990’s. The neighborhood includes Ranch, 1.5 story and 2 story home styles, many with a transitional layout (though 2 story homes are the most common). Easy commute to Uptown Charlotte, minutes to the Arboretum shopping center, convenience to South Park, Cotswold and Ballantyne from Charlotte NC’s Providence Commons neighborhood.
Copyright©2011 by Diane McDermott, All Rights Reserved, “Providence Commons Neighborhood in Charlotte NC, Recent Home Sales Activity and Real Estate Inventory Trend March 2011″
*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.
The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in south Charlotte NC