Providence Plantation NC Real Estate Market – September 2012

At the end of the 3rd quarter of 2012, the Providence Plantation NC real estate market has gone from a buyers market to a sellers market.  Just a year ago, Providence Plantation neighborhood in South Charlotte NC was a buyers market, with an absorption rate of 7.5 months.  Now, at the end of September 2012, the absorption rate is a robust 5.32 months, meaning this popular neighborhood is now in a sellers market.

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Providence Plantation NC Real Estate Market – Just What is “Absorption Rate?”

Absorption rate is an important real estate term that describes housing inventory.  The absorption rate tells us how many months it would take to sell off all of the existing inventory (homes currently for sale) at the current rate of sales, and assuming no new homes come on the market.  Providence Plantation’s current absorption rate of 5.32 months means that at the current rate of home sales in the neighborhood, it would take just over 5 months to sell all of the homes on the market.  A balanced real estate market between buyers and sellers is 6 months. An absorption rate over 6 months means it’s a buyers market, and an absorption rate under 6 months is considered a sellers market.

Providence Plantation NC Real Estate Market Absorption Rate

Why is the Absorption Rate Important?

For buyers, it is important to know the market absorption rate of a given area (neighborhood, school zone, zip code, or city) because if it is a buyers market, the buyer has more negotiating power because there’s more inventory available.  Sellers are competing for buyers and offers, which drives housing prices lower.

For sellers, the absorption rate reveals how long, on average, it will take to sell their home.  In a sellers market, there is less inventory, so buyers have less to choose from.  Homes that are in great condition can expect to get LOTS of activity, and possibly even multiple offers and a bidding war.  I have seen lots of multiple offers in South Charlotte since the spring – the real estate market in South Charlotte is definitely on the upswing!

Providence Plantation NC Real Estate Market Expert

If you are looking to buy or sell a home in Providence Plantation, I would be happy to meet with you to discuss your plans.  I have lived in Providence Plantation since 1998, and I’m proud to call this great neighborhood home!  I’ve listed and sold lots of homes in Providence Plantation, and I have a very successful marketing plan to get homes SOLD!  If you’ve read this blog post this far, you’re interested in Providence Plantation!  Let me show you around!

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Providence Plantation is one of South Charlotte’s most popular neighborhoods because of its beautiful homes, large lots, top-ranked public schools, and fantastic and friendly lifestyle!    This neighborhood is zoned for Providence Spring Elementary School, Crestdale Middle School, and Providence High School.   Residents enjoy a great location close to shopping, restaurants and sports and recreation activities, especially our own Providence Plantation Racquet and Swim Club.  So call today and let’s see how I can help YOU!

South Charlotte Real Estate Expert

South Charlotte NC is definitely a popular destination for people moving into the area.  You’ll find beautiful neighborhoods like Providence Plantation, and a thriving shopping, dining and recreation scene.  Some of Charlotte’s best public schools are located in South Charlotte!

I’m a South Charlotte Realtor® – I have lived in Providence Plantation since 1998, and it would be my pleasure to show you around Providence Plantation or other South Charlotte neighborhoods..  If you are thinking about selling your South Charlotte home, I would love to share my 21-point marketing plan that combines new technology with good old hard work!  If you’re looking to buy a home in South Charlotte, please contact me so we can talk about finding the best home and neighborhood for YOU!

Come have a chat with me at our brand new Savvy + Co. Real Estate office in the heart of Ballantyne Village.  You’ll soon find out why Savvy just “gets it!”  We combine smart real estate with nice people, and what you get is an AWESOME real estate experience!  I look forward to hearing from you!

Providence Plantation NC Real Estate Location

Read MORE About Providence Plantation

• Video of Providence Plantation in South Charlotte 
• Providence Plantation neighborhood
• Great Tennis and Swim Club in Providence Plantation
• My Providence Plantation home sales – Summer, 2012
• Stunning 5 Bedroom Estate home for sale in Providence Plantation
• Providence High School in Charlotte – 2nd Highest Graduation Rate in NC
• Providence High School in Charlotte – One of NC’s highest ranked schools
• Charlotte NC Area SAT Scores – 2012
• South Charlotte High Schools Rank High on Newsweek’s Best Public High Schools

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3623 Providence Plantation Lane Charlotte, NC 28270

New

$1,000,000

4 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4128107

Property Type Single Family Residence

Price Type --

A lovely, Providence Plantation home with all of the options covered! First a light, bright, great room connected to a breakfast area with a window seat, and a well-designed kitchen with an island. There are also a formal dining room and a second space which could function as a living room or a future office. The home has two primary bedrooms, one on each floor, great for multi-generational families. Next is a wonderful loft/flex space with built-in shelving and a window seat - a great office/bonus/playroom option. The second primary bedroom with access to a walk-in attic, plus two guests bedrooms finish a perfect floor plan. You can check off freshly painted rooms, beautifully finished flooring, new carpet and lighting, plus a 3-car garage with shelving. And the yard - a three tiered deck overlooking a private, beautifully wooded backyard. The home also has Google Fiber., completing anyone's wish list.

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2718 Peverell Lane Charlotte, NC 28270

$949,000

5 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4128798

Property Type Single Family Residence

Price Type --

This walk-out basement beauty is not just a house; it's a lifestyle upgrade waiting to happen. Perfect for secondary living, game nights, or transforming into your very own media haven, the possibilities are endless. Picture yourself hosting epic cookouts and entertaining friends on the expansive deck, all while soaking in the serene views of the surrounding trees. With a spacious lot plus the bonus of an adjacent city-owned lot for the kids to roam, your backyard feels like your own private oasis. Step inside to discover open kitchen, adorned with sleek quartz countertops and a myriad of upgrades. Need a quiet space to work from home? The tranquil office room, offering views of nature to inspire productivity. Tucked away in the historic subdivision, you'll enjoy peace and privacy, w/ the option to join the prestigious Providence Plantation Racquet and Swim Club. Plus, with shopping, activities, and top-notch schools just moments away, this home truly offers the best of both worlds.

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3820 Providence Plantation Lane Charlotte, NC 28270

$925,000

4 Beds

2.5 Baths

-- SqFt

Status Active

MLS # 4126836

Property Type Single Family Residence

Price Type --

Welcome to your new home in the highly sought-after Providence Plantation! This charming property boasts a perfect blend of comfort and style. Inside you'll find hardwood floors that flow seamlessly throughout the main floor. The downstairs features a conveniently located office space, a spacious family room, and formal living room. Venture upstairs where all four spacious bedrooms await. Each bedroom offers ample space and natural light, providing comfortable accommodations for the entire family. The primary bath was remodeled in 2015. Additionally, a dedicated playroom. Situated on a spacious lot, this property offers plenty of outdoor space. The exterior boasts beautiful, original brick. Meticulously maintained and in great condition, the exterior radiates curb appeal and charm. Don't miss out on this perfect blend of modern living and timeless elegance - schedule your showing today!

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3302 Twelve Oaks Place Charlotte, NC 28270

Open House

New

$880,000

5 Beds

4 Baths

-- SqFt

Status Active

MLS # 4134233

Property Type Single Family Residence

Price Type --

Meticulously maintained home - lofty two story ceilings greet you as you enter and continue through the living and dining areas bathed in light. Stunning kitchen open to breakfast and great room is perfect for entertaining or a quiet night in enjoying dinner overlooking the woods on the back deck. Bedroom and beautifully renovated full bath on the main level. Upstairs the primary suite features a tray ceiling, reading nook and two closets; lovely bathroom with rimless shower door and relaxing tub. The bonus room is huge with a bar counter and room for fun. Basement features include a large living area, a bedroom and full bath, plus 807 sq ft of unfinished space that is partially framed into rooms. The back yard has been terraced into two large flat spaces and is fenced with irrigation; the woods are so peaceful. Providence Plantation Racquet & Swim Club available for extra charge. Award winning schools, will change to Jay M Robinson middle school.

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3221 Twelve Oaks Place Charlotte, NC 28270

New

$820,000

5 Beds

2.5 Baths

-- SqFt

Status Active

MLS # 4132461

Property Type Single Family Residence

Price Type --

One of a kind renovations showcased in this Providence Plantation home. Enjoy open floorplan living and effortless entertaining both indoors and outdoors. Gourmet bakers kitchen 2020 features custom solid cherry cabinets with lighted display, 36 Bertazzoni 5 burner dual fuel gas range and large island for family gatherings. A breakfast room and fireside great room soak in the natural light and backyard view. Walk-in pantry, dining room, office, laundry room and spacious primary suite complete the main level. Custom primary bath renovation 2021 includes soaking tub, frameless shower, dual vanity, water closet and large walk-in closet with built-in shelving. Three additional bedrooms upstairs with white tile, dual sink Jack-n-Jill bath. Bonus Room/5th bedroom features built-ins and additional storage. Head outdoors on the expanded deck to socialize and dine. Built-in serving bar with cabinets opens onto the backyard of this private .626 acre lot complete with fire pit and irrigation.

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2831 Redfield Drive Charlotte, NC 28270

$575,000

4 Beds

2.5 Baths

-- SqFt

Status Active

MLS # 4132719

Property Type Single Family Residence

Price Type --

Beautiful home with welcoming front porch, formal LR and DR, Family Rm open to Kitchen and Breakfast. All BRs are up, Kitchen has white cabinetry with black appliances; Family Rm, Kitchen and Breakast have plantation shutters, Breakfast Rm has charming built-in bench with storage, and Kitchen has two pantries. Hardwood floors throughout main level. Great Screened Porch overlooking large fenced back yard with garden area. Upstairs provides large Primary Suite and BA with separate shower and garden tub, private water closet and good sized walk-in closet. Three secondary BRs all good size with great closets. Laundry closet is up, and there is a large walk in attic for storage. This is a wonderful house and a great opportunity to get into Providence Plantation at a fantastic price point. Don't delay - this one will not last.

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Property listings 1 - 6 of 6

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