While many areas of the country have experienced a volatile real estate market in the past 3-4 years of the national housing/mortgage crisis, with huge decreases in property values, the real estate market in South Charlotte, NC has fared relatively well in 2011. South Charlotte real estate has proven the old adage that “all real estate is local!” Homes for sale in South Charlotte NC have always been a popular destination for buyers looking to relocate to Charlotte, find a great “move-up” luxury home, or find a home in a top-ranked school district in Charlotte.
South Charlotte NC Areas
The South Charlotte NC real estate market includes areas south of Uptown Charlotte all the way south to the Ballantyne area and include charming Dilworth, prestigious Myers Park, historic Elizabeth, stately Eastover, bustling Southpark, elegant Carmel area, desirable Providence/Arboretum area, hopping Ballantyne, charming Matthews and Pineville, and many more! These wonderful areas in South Charlotte continue to attract buyers of all types: first-time home buyers, move-up buyers, young professionals, families, retirees and downsizes, and investors.
What Will 2012 Hold for the South Charlotte NC Real Estate Market?
I wish I had a crystal ball, magic wand, fairy dust or any other item that would help cut through the fog of depressing media coverage of real estate and economy. The fact is, each year the professionals and economists who are paid to make predictions for the coming year get some things right, and some things wrong. All I can do is report on what I see, from my South Charlotte NC real estate market niche!
During 2011, I saw some encouraging things about the South Charlotte NC real estate market. I had buyers galore who wanted to take advantage of lower sales prices and incredibly low mortgage interest rates. I had 3 sets of buyers who were involved in bidding wars over the same well-priced and attractive houses. I saw market absorption rates in many of the more desirable South Charlotte real estate market fall well below 6 months over the summer months indicating that the inventory of well-priced and top-condition houses is decreasing, and when a good one comes on the market, buyers are snatching them up! Absorption rate measures how long it will take to sell off all existing inventory; 6 months is considered a balanced market, below 6 months is a seller’s market, and over 6 months is a buyer’s market.
From my position as a South Charlotte NC real estate specialist, I see my market area as bottoming out and stabilizing in 2012. With new companies choosing to relocate their headquarters to Charlotte (Chiquita, SPX, Electrolux, Infinisource, Bosch Solar Energy, etc.), there will be continued demand for homes for sale in South Charlotte, as these new employees will be seeking housing in this popular area because of the top-ranked public schools, great amenities, and great location.
2011 South Charlotte Real Estate Market Snapshot – by Zip Code
The tables below show the 2011 Real Estate Market Report Data for South Charlotte NC, by zip code. You can click on each zip code header to begin your search!
Zip Code 28226 – Providence Springs, Carmel Estates, Carsons Pond, Montibello, Windswept, Sturnbridge
Zip Code 28270 – Arboretum, Providence Plantation, Bailewick, Hembstead, Beverly Crest, Lansdowne, Willowmere
Zip Code 28277 – Ballantyne, Providence Country Club, Ballantyne Country Club, Piper Glen, Raintree, Bridgehampton
Entire Charlotte MLS – Single Family Homes Only
South Charlotte Real Estate Specialist
Buying or selling real estate in South Charlotte NC is really about lifestyle choices – finding the best neighborhood, home, school, and location to fit your family’s lifestyle. That’s why it’s important to partner with a Realtor® who really listens to your needs and goals and works tirelessly until you are completely satisfied. Whether you are thinking about selling your South Charlotte home, or would like to buy a home in South Charlotte, I look forward to showing you why I’m not your ordinary Realtor! I use cutting-edge technology to market my listings and to attract home buyers who want that South Charlotte lifestyle!
Let me put my knowledge and experience to work for YOU! For more information on how I can best serve you, please fill out the online contact form or call, text, or email me.Melissa Brown, ABR, SFR Helen Adams Realty 704-654-9700 Melissa@MelissaBrownHomes.com
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