Providence Plantation in South Charlotte, NC is one of Charlotte’s most highly desired neighborhoods! Despite the last few turbulent years in the real estate market in general, the Providence Plantation neighborhood remains a popular and sought-after neighborhood, and the real estate market report below supports it! Buyers choose to buy a home for sale in Providence Plantation for lots of reasons, but most select this neighborhood because of its wide array of home styles and prices, its large lots with mature trees and landscaping, its top-ranked public schools, and it’s enjoyable Providence Plantation lifestyle!
If you having been thinking of buying a home for sale in Providence Plantation, or if you need help and advice on listing your home for sale in Providence Plantation, I would be thrilled to help you! My family has called Providence Plantation “home” since 1998! My children attended award-winning Providence Spring Elementary School, Crestdale Middle School, and Providence High School, and my family and I have thoroughly enjoyed the awesome Providence Plantation Racquet and Swim Club (I play year-round tennis there!).
Providence Plantation Real Estate Market Report for 2011
I have prepared my year-end Providence Plantation real estate market report for 2011 for your information and guidance. As you will see in the table below, the average sales price in Providence Plantation in 2011 was $425,000, which shows a market correction to about 2005 sales prices (much better than much of Charlotte and the nation!). The peak sales year for Providence Plantation in South Charlotte was 2007, when the average sales price was $491,000! The good news is that sales prices have begun to stabilize in the large neighborhood: the average sales price in 2011 was just 2% less than 2010, and 2010 was just .05% less than 2009. I am seeing the number of active homes for sale in Providence Plantation increase over the last few weeks as sellers prepare to take advantage of the typically robust spring selling season in Charlotte.
Providence Plantation Absorption Rate
You may have heard about the latest statistical method to measure the health of the real estate market, called the absorption rate. Basically, the absorption rate measures how long it would take to sell all of the existing homes on the market, assuming no new homes come on the market. A balanced real estate market between buyers and sellers is about 6 months. Over 6 months, we have a buyers’ market. Under 6 months, we have a sellers’ market. Check out my Providence Plantation absorption rate analysis below. This data indicates that the 3-month absorption rate in Providence Plantation is 10 months. However, we are just emerging from the slowest real estate period of the year (holidays and winter). I am already seeing increased showing activity in Providence Plantation, which generally leads to more contracts! My prediction is that we will have a balanced market in Providence Plantation by this summer!
Providence Plantation Location and Lifestyle
I can’t say enough about the Providence Plantation lifestyle! It’s wonderful to live in a neighborhood where everyone seems to have come from somewhere else, so there’s a great sense of welcome for newcomers! There are so many things to do in and around Providence Plantation, including playing tennis or swimming at the Providence Plantation Racquet and Swim Club, walking or running through the beautiful neighborhood, join a book club, bunco club, poker club or the garden club, join a supper club, take your kids to the ballpark at MARA (5 minutes away) for baseball, softball, football, lacrosse or cheerleading, play a round of golf at a nearby golf course, enjoy shopping galore at nearby shopping centers and malls, or enjoy fine or casual dining at a wide variety of wonderful restaurants!
Providence Plantation Real Estate Expert
Buying or selling real estate in Providence Plantation in South Charlotte NC is really about lifestyle choices – finding the best home and location to fit your family’s lifestyle and budget. That’s why it’s important to partner with a Realtor® who will really listen to your needs and goals and who will keep working until your transaction is complete and beyond. Since I live in the Providence Plantation neighborhood, I can offer a unique perspective on why the community and location are so incredible.
Whether you are thinking about selling your Providence Plantation home, or would like to buy a home in Providence Plantation, 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, SFRHelen Adams Realty 704-654-9700 Melissa@MelissaBrownHomes.com