Providence Plantation Real Estate Market Summary 2011

Providence Plantation real estate market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

My Providence Plantation Real Estate Market Summary 2011 shows that despite the last few turbulent years,  Providence Plantation in South Charlotte, NC remains one of Charlotte’s most highly desired neighborhoods!  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!

Click here to search for homes for sale in Providence Plantation, or scroll down the page!

If you having been thinking of buying a home 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 Schooland 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 Summary 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 real estate market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

Providence Plantation Real Estate Market Summary 2011 – 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 real estate market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

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 market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

 

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3313 Plantation Road Charlotte, NC 28270

$1,950,000 - 6Br/6Ba -  for Sale in Providence Plantation, Charlotte
New
$1,950,000
6 Beds
5.5 Baths
-- SqFt
Status Active
MLS # 4120909
Property Type Single Family Residence
Price Type --
An exquisite home nestled on a gorgeously landscaped 1.22 acre lot with a saltwater pool! This crown jewel home of Providence Plantation provides the perfect setting for entertaining & relaxing. A stunning circular drive welcomes guests & owners alike to this timeless estate which has been thoughtfully renovated with no detail overlooked. Updates & features include: a kitchen w/ inset cabinetry, a large island, & a Wolf gas cooktop & double wall ovens, refurbished fireplaces w/ marble surrounds & custom mantels in the family & dining rooms, hardwood floors, upgraded millwork, recessed & designer lighting throughout, remodeled bathrooms w/ high end finishes, a first floor guest suite/2nd primary, a custom laundry room/pantry/scullery-type room on the main plus a laundry room up, & a primary suite w/ 2 custom walk-in closets, stand-alone tub, & marble flooring. A screened porch overlooks the expansive travertine terrace, pool & patios. Come see all this incredible estate has to offer!

2305 Fontaine Court Charlotte, NC 28270

$1,399,000
8 Beds
5.5 Baths
-- SqFt
Status Active
MLS # 4114703
Property Type Single Family Residence
Price Type --
**PRICE ADJUSTMENT**Nestled in the highly sought-after Providence Plantation, this stunning 8-bed, 5.5-bath home embodies luxury. The spacious and beautifully updated main and second floors feature 6 bedrooms, 4 full bathrooms, formal dining room, sitting room, and an open kitchen/living room space perfect for family living and entertaining. The walk-out basement has been beautifully remodeled and fully equipped to serve as a secondary living space, featuring 2 bedrooms, 1.5 bathrooms, full kitchen, living room, dining space, and its own laundry, storage, and separate entrance (accessible without stairs). This house offers abundant outdoor space and amenities, including an upper deck, covered patio, hot tub, solar-powered workshop, and a newly-built lower deck centered in the 1/4-acre fenced back yard. Conveniently located near I-485 and Providence Road's amenities, this residence offers a perfect blend of convenience and luxury living.

3023 High Ridge Road Charlotte, NC 28270

$1,249,000 - 5Br/5Ba -  for Sale in Providence Plantation, Charlotte
New
$1,249,000
5 Beds
5 Baths
-- SqFt
Status Active
MLS # 4119916
Property Type Single Family Residence
Price Type --
Nestled on a sprawling, private lot spanning over an acre, this remarkable estate is elegant living at its finest. Its distinguished four-sided painted brick exterior and carefully curated designer elements throughout encapsulate the epitome of contemporary sophistication and character. Adorned with intricate woodwork, custom tile, hardware and fixtures throughout, the charm upon each unique space is enough to call this gem your next home. The jewel of the home, a stunning four-seasons room, worthy of a magazine cover, boasts soaring ceilings and a welcoming fireplace, offering a tranquil escape throughout the year. Meticulously maintained, this sanctuary seamlessly harmonizes opulence with comfort, presenting itself as a turnkey masterpiece for its next homeowner. With expansive outdoor grounds ensuring seclusion and serenity, this estate transcends accommodation, emerging as a lavish retreat for both refined living and entertaining.

Providence Plantation Real Estate Expert

Providence Plantation in South Charlotte NC is definitely a popular neighborhood for people moving into the area.  You’ll find beautiful homes and lots, a thriving shopping, dining and recreation scene, top-ranked public schools and easy commuting access.

I have lived in Providence Plantation since 1998, and it would be my pleasure to show you around my neighborhood!  If you are thinking about selling your Providence Plantation homeI 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 Providence Plantation, please contact me so we can talk about finding the best home 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!

Melissa Brown, Broker/Realtor®
704-654-9700 (cell)
Melissa@MelissaBrownHomes.com
Savvy + Co. Real Estate
14825 Ballantyne Village Way, Suite 165
Charlotte, NC  28277

 

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