Charlotte NC Real Estate Update for January 27, 2012

It’s been a great week for Charlotte home sellers–homes are moving and buyers are getting a jump on spring home shopping in Charlotte!

The focus this week is Area 4, which covers Southeast Charlotte including the city of Matthews and the neighborhoods of Eastover, Elizabeth, Cotswold, Chantilly, Providence Plantation, Landsdowne, Sherwood Forest and Stonehaven.  17 homes Closed this week in Area 4 with an average list price of $329,245 and sales price of $311,989, a 95% list-to-sales price ratio.  The average days on the market are 122.  Square foot average is 2,407, or $129.62/square foot.

In Area 4 this WEEK, 24 homes went into Escrow with an average list price $302,125 and 98 days on the market, demonstrating that Charlotte’s recovery is in progress!

Median Sales Price

Here is the median sales price graph for last month and the previous 2 Decembers for Area 4 sales.  Again, a reflection of the recovery that is taking place in our market.

List-to-Sales Price Ratio

Below is the average list to sales price CITY-WIDE; as you can see with the above statistics, Area 4 is holding steady at a 95% list-to-sales price ratio, a healthy 5% above the city average.

Check out our eNews for the week!  Take in some open houses and enjoy the wonderful Charlotte weather we’re having this weekend.