The 14 successfully closed home sales in Charlotte NC’s Olde Providence neighborhood over the past six months…
– had an Average Sales Price of $217,678 (range was $129,000 to $312,500)
– spent an Average of 137 Days on the Market (range was 26 days to 251 days)
– sold for an Average of 86.1% of the Original List Price, average of 94% of the Final List Price
– Seller Paid Closing Cost Contributions of $1,000 to $8,000 were included in 9 of the 14 recently closed Olde Providence neighborhood home sales
Sold activity has been highest Under $300k (the majority has been Under $250k)
Available homes for sale are priced from Under $200k to the Low $200s but the majority (70%) are at the Low $200s
The supply of homes for sale in Olde Providence is DOWN again as of December 2011 to 4.3 months of real estate inventory – as the amount of Available homes for sale dropped off and the Sales pace went UP.
This month’s real estate inventory level is a new LOW for 2011 (also a low for the past 18 months!) and below the supply of homes for sale at this time last year.
For the first time in quite a while the amount of Olde Providence neighborhood real estate inventory is BELOW balanced market conditions.
The currently available homes for sale are ranch and tri-level home styles (some with basements)with 3 to 4 bedrooms, 1.0 to 3 baths and living space from under 1500 square feet to more than 2500 square feet.
To view the neighborhood real estate listings (link updated daily) – Olde Providence Homes for Sale
To view available homes in nearby South Charlotte NC neighborhoods:
OR to enter your own home search criteria, NO registration required – Search Charlotte NC Area Homes for Sale
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.
Copyright©2011 by Diane McDermott, All Rights Reserved, “Olde Providence Neighborhood in Charlotte NC, Recent Home Sales Activity and Real Estate Inventory Trend December 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