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Charlotte Real Estate Market Report and eNews 11/05/11

Charlotte NC Real Estate Market Report – The Recovery Continues… 

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The Charlotte real estate market remains fairly stable with prices stabilizing, days on the market decreasing and list to sales price ratios improving.  What does this mean for buyers?  Savvy sellers are listing their homes more in-line with the current market conditions and are standing firm (94% average) with their list prices as they negotiate with their buyers.

As for sellers, your days on the market are improving significantly and as long as your list price is reflective of current market values, your home WILL sell!

Here are the real estate market statistics for the past 7 days in CHARLOTTE (homes and condos and ONLY in Charlotte proper):

SINGLE FAMILY HOMES

CLOSED SALES DATA:  128 single family homes in the Charlotte proper market were Closed this week:
List Price:  $207,788
Sales Price:  $195,320
Avg. List to Sales Price Ratio:  94%
Avg. Heated Square Feet: 2,194
Price Per SF:   $89.25
Average Days on the Market:  103

PENDING DATA: 204 single family homes in the Charlotte proper went into Escrow this week:
List price: $202,650
Avg. BR/BA:  3/2
91 Average days on the market

(*Above data includes Charlotte city only.) Contact us for more specific community sales and market statistics.

Charlotte City Condo Market Data:

CLOSED SALES DATA:  40 total properties Closed this week
List Price:  $197,806
Sales Price:  $186,406
Avg. List to Sales Price Ratio:  94%
Avg. Heated Square Feet:  1,530
Price Per SF:   $121.83
Average Days on the Market:  151

PENDING DATA: 66 total properties went into Escrow
List price: $212,808
Avg. BR/BA:  2/2
Average SF:  1,530
145 Average days on the market

Posted in: In the News, Sold Homes in Charlotte This Week, The Latest on All Things Real Estate - Charlotte NC Tagged: Charlotte Home Buyers, Charlotte NC Real Estate Market Reports, Charlotte NC Sellers

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As local Charlotte Real Estate Agents we also have access to homes before they hit the market and can show you more homes and information that are only accessible in the MLS. If you would like to set up a time to go over your real estate needs, please free to contact us at your convenience. There is no obligation and or pressure... we hope to hear from you!

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