Providence Plantation NC Real Estate Market – September 2012

Providence Plantation NC real estate market,Providence Plantation absorption rate,real estate market absorption rate,Providence Plantation neighborhood in South Charlotte, NC

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

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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 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 South Charlotteplease 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!

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

Providence Plantation NC Real Estate Location

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2028 Maynard Road Charlotte, NC 28270

$1,525,000 - 6Br/5Ba -  for Sale in Providence Plantation, Charlotte
New
$1,525,000
6 Beds
4.5 Baths
-- SqFt
Status Active
MLS # 4145118
Property Type Single Family Residence
Price Type --
Move in today and host your pool party tomorrow! This all Brick Colonial has EVERYTHING you are looking for & MORE! The main floor features a 2 Story Foyer, Office w/ French Doors, Formal Dining Room, 2 Story Great Room, Stacked Stone Wood Burning Fireplace, Open Floor Plan, Fully Renovated Gourmet Kitchen, Breakfast Room, Updated Powder Room, Hardwood Flooring, Primary Bedroom w/ gas fireplace, Renovated Bathroom & Walk-in Closet w/ Custom Built-ins. The Upper Floor has 4 Additional Bedrooms, 1 of which has an Ensuite Bathroom, Updated Hall Bath w/ Double Sinks, & Loft. The Fully Finished Walk-Out Basement has Beautiful Stained Concrete Floors, Custom Bar w/ Beer Taps, Wine Cooler, Sink, Dishwasher, Ice Maker & Locking Liquor Cabinet, Wood Burning Fireplace, Billiards Room, Game Room, 6th Bedroom, Full Bath, & Abundance of Storage. Exterior Amenities include Deck with Gas Grill Line, Covered Patio, Fully Fenced Yard, Patio w/ Fire Pit, & Heated Salt Water Pool. This is a MUST see!

2305 Fontaine Court Charlotte, NC 28270

$1,324,900
7 Beds
5.5 Baths
-- SqFt
Status Active
MLS # 4129600
Property Type Single Family Residence
Price Type --
Nestled in the desirable Providence Plantation, this exquisite traditional home offers two levels of elegant living space plus a Full Secondary living quarter on the lowest level! Discover an open floor concept adorned w/ gleaming hardwood floors & neutral tones. Floor-to-ceiling windows that illuminate the living areas, including the bright and open family room with a cozy fireplace perfect for the cold days. Entertain effortlessly in the formal dining area w/ chair railing molding. The chef's kitchen is a culinary haven w/ ample cabinet space, granite countertops, a large island & eat at breakfast bar. Unwind in the luxurious primary suite showcasing a tray ceiling & ensuite bath w/ a soaker tub and dual sink vanity. The finished walkout secondary living quarters on the lowest level presents a complete separate living area complete with Kitchen, 2 bedrooms, 1.5 bath and exits to the large partially covered patio making it the perfect place to relax or entertain!

3623 Providence Plantation Lane Charlotte, NC 28270

$1,000,000
4 Beds
3.5 Baths
-- SqFt
Status Active
MLS # 4128107
Property Type Single Family Residence
Price Type --
Back on the market & ready for you, a Providence Plantation home with all the options covered! A light, bright, great room connected to a breakfast area with a window seat, & a well-designed kitchen with an island. A formal dining room & a second space (living room or future office). Two primary bedrooms, one on each floor, great for multi-generational families. The first floor primary bath has a new garden tub & a new frameless shower enclosure. Upstairs, a loft/flex space with shelves & a window seat - a great bonus/office/playroom option. Also upstairs, the 2nd primary with a walk-in attic, & 2 guest bedrooms - a perfect plan. Plus fresh paint, beautifully finished flooring, new carpet & lighting, and a new sump pump. Then there's a 3-car garage with shelving. And the yard - a 3-tiered deck overlooking a large, private, beautifully wooded space with 11 new bushes & trees. Plus the typical repair list handled! And last, a home with Google Fiber, completing anyone's wish list.

5401 Lancelot Drive Charlotte, NC 28270

$850,000
3 Beds
2 Baths
-- SqFt
Status Active
MLS # 4147272
Property Type Single Family Residence
Price Type --
Situated on 1.3 acres of land, this custom designed modern ranch home designed by John W. Watson, Architect and interior design by Karen Almazan, KKA Architecture, PA, offers an open floor plan with natural hardwood floors throughout. Anderson Windows showcase the beathtaking views of the surrounding nature from key areas such as the kithchen, great room, dining room and master bedroom. The floor plan includes a foyer leading into a spacious great room with 13 foot celings, a built in bar and fireplace.The seamless flow between the kitchen and dining room creates an inviting atmosphere for entertaining guests. The modern kitchen insludes custom acrylic cabinets by Hanak, backsplash adorn the well-equipped kitchen along with red coutnertops make from silestone. Ample storage space included in the kitchen. Luxurious master suite include 9 ft. ceilings, spacious walk in closet, fireplace and full size double showerdoors.

2916 Redfield Drive Charlotte, NC 28270

$799,900
4 Beds
2.5 Baths
-- SqFt
Status Active
MLS # 4144666
Property Type Single Family Residence
Price Type --
Beautiful spacious home in Providence Plantation. Hard stucco front. Two story Great room with a fire place. White kitchen with granite countertops. Breakfast bar and breakfast area. Dining room and separate family room. Office with french doors. Main level hardwood floors. Upper level with bamboo floors. Primary bedroom with vaulted ceiling. Primary bathroom with glass shower enclosure, jetted garden tub, tile work, venetian plaster walls and custom cabinetry. Huge deck for all your entertainment needs. Big level lot. Providence Plantation Racquet and Swim Club amenities with membership. More info at https://pprsc-charlotte.clubexpress.com. Please view the virtual tour

9520 Squirrel Hollow Lane Charlotte, NC 28270

$700,000
3 Beds
2.5 Baths
-- SqFt
Status Active
MLS # 4145739
Property Type Single Family Residence
Price Type --
Welcome to a remarkable opportunity nestled in the highly sought-after Providence Plantation! Discover serene living in this ranch-style home, boasting 3 bedrooms, 2.5 bathrooms, a sprawling basement & an expansive 2-car side-load garage. Situated on a generous .88-acre lot, adorned w/ mature trees offering shade & privacy, tucked away on a tranquil street. Step inside to find an abundance of natural light streaming through the large windows, illuminating the spacious interiors. Indulge in outdoor living on the expansive rear deck, complete w/ a covered portion & multiple entry points from the house, providing the ideal setting for entertaining. Whether you're seeking an exceptional investment opportunity or the perfect canvas to customize & call your own, this home offers endless possibilities. Conveniently located in a prime spot w/ access to top-rated schools, shopping, an array of dining options, & easy proximity to 485. Don't miss out on the chance to make this dream home yours!

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