Providence Springs – Charlotte Neighborhood Market Update – 26 APR 2014
Since it’s development in 1999, Providence Springs remains one of Charlotte’s most popular neighborhoods in its price range. Custom-built homes, primarily by renowned builders, Gene Harrington and Ken Dowd, Providence Springs has retained its elegance and ‘traditional’ neighborhood feel over the years. Conveniently located in the Arboretum area, Providence Springs is assigned to some of the top schools in not only the city but, the nation: Olde Providence Elementary, Carmel Middle School and Myers Park High School.
Providence Springs market report reflects the area’s continued forward steps in the recovery process.
Months Supply of Inventory
As you can see in the graph below, all price ranges in Providence Springs reflect a sellers’ market – based on the standard that a 6-month supply of homes is a neutral market, there is no more than a 1.4 month supply in any price range within the community.
Closed & Active Sales in Providence Springs
We are on target for another great year in this popular Charlotte neighborhood with regards to sales. There are 4 homes for sale in the custom section of Providence Springs; with 7 sales last year, we anticipate another 9+ home sales this year.
Providence Springs Market Snapshot
Sales are expected to reach and possibly exceed 2009 prices this year. Despite longer than average days on the market, homes are moving in this community quicker than others in this same price range in the area.
HOT New Listings in Providence Springs
Looking for a fabulous home with a pool in Charlotte? Providence Springs has a HOT new listing with one of the best lots in the neighborhood – including an enormous unground pool and spa. Check out this fabulous home and give us a call – we just listed it and with the number of showings we’re receiving, it won’t last long!
Search Homes for Sale in Providence Springs
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© Debe Maxwell | The Maxwell House Group Real Estate | SavvyBroker@me.com | Providence Springs – Charlotte Neighborhood Market Update – 26 APR 2014 | How is the Charlotte real estate market in popular Providence Springs neighborhood?