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.
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!
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!
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
Read MORE About Providence Plantation
2028 Maynard Road
Charlotte, NC 28270
$1,475,000
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!
2509 Houston Branch Road
Charlotte, NC 28270
$1,250,000
4
Beds
3.5
Baths
--
SqFt
Status
Active
MLS #
4160127
Property Type
Single Family Residence
Price Type
--
Lovely estate property in beautiful Providence Plantation. Immaculate attention to detail. Home has large formal rooms (LR and DR), huge great room w/masonry fireplace (w/gas logs), builtins and is open to Breakfast and Kitchen. Updated Kitchen w/massive bank of glass front cabinets. gas range, wall oven, microwave, warming drawer and subzero refrig. There is a bar room steps away from the kitchen which would be an incredible large walk in pantry or scullery; Laundry Room is large and has area for drop zone. Dual stairs lead to the upper level. Large Primary Bedroom and beautifully updated BA with huge shower, sep. water closet, dual vanities, 3 closets in the BA, and a huge walk in closet in the BR. 3 Secondary BRs are all very large with double closets, hall BA with separate dual vanities; Bonus is large, has full BA (with shower) and wood stove. Screened Porch and patio with masonry fireplace. The outside living space is absolutely breathtaking. See twilight pictures attached.
2305 Fontaine Court
Charlotte, NC 28270
$1,250,000
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!
2842 Providence Spring Lane
Charlotte, NC 28270
$915,000
5
Beds
3.5
Baths
--
SqFt
Status
Active
MLS #
4156839
Property Type
Single Family Residence
Price Type
--
Prepare to be impressed by this exceptional, move-in ready home nestled in the highly desired Providence Plantation. Meticulously maintained, this spacious 5 BR, 3.5 bath property boasts a thoughtfully designed custom eat-in kitchen featuring a pro-grade Thermador gas cooktop, ice machine & ample built-in cabinets with soft-close full-extend pullout drawers. The expansive great room is complemented by the adjoining versatile dining/music room, cozy den, office, flexible 5th BR/exercise room & an impressive, light-filled rec room. This room showcases a soaring vaulted ceiling & is equipped with dedicated heating/cooling, enhanced by a 2024 heat pump & climate controlled crawl space below. Upstairs, you will find the large primary BR retreat with ensuite bath & walk-in closet, 3 additional BRs and 2 full baths, bonus room & laundry. Abundant storage, extensive hardwood flooring, updated front landscaping, Google Fiber ready & convenient to the new 485 interchange. This home has it all!
3439 Nancy Creek Road
Charlotte, NC 28270
$795,000
4
Beds
3
Baths
--
SqFt
Status
Active
MLS #
4138695
Property Type
Single Family Residence
Price Type
--
Welcome home to this beautiful property nestled in the heart of highly sought after Providence Plantation. Discover this ranch-style home, boasting 4 bedrooms, 3 bathrooms, 2 decks, and a basement spread across 1.43 acres adorned with mature trees offering shade and privacy, tucked away on a tranquil street. The recent renovations have elevated this home to provide the ideal setting for entertaining, or to enjoy your tranquil retreat. Completely remodeled cook's kitchen including all new top of the line appliances, quartz countertops, including washer and dryer. Additional upgrades include renovated bathrooms, new carpet in all bedrooms, new LVP flooring, fresh paint inside and out add charm and appeal to this move in ready home. Conveniently located close to shops, restaurants, entertainment, close proximity to 485, and with an Optional HOA, residents have flexibility. Don't miss out on the chance to make the Dream Home Yours!
5425 Flowering Dogwood Lane
Charlotte, NC 28270
$770,000
4
Beds
2.5
Baths
--
SqFt
Status
Active
MLS #
4163620
Property Type
Single Family Residence
Price Type
--
Welcome to this beautiful 4 bedroom/2.5 bath home in desirable community of Providence Plantation! Fresh landscaping and great curb appeal set the stage! As you enter, you'll be greeted by wood floors throughout most of the main floor. Open floor plan with tons of natural light. Kitchen boasts large island with additional prep sink, ample counter space, electric glass cooktop, SS appliances, wall oven, and under-cabinet lighting. The spacious primary suite features a luxury bath with garden tub, his-and-hers vanity sinks, a large walk-in shower, and dual walk-in closets. Upstairs, which features all new carpet, also includes three more bedrooms and a full bath. Amazing outdoor space includes over-sized deck with pergola that overlooks a lush fenced-in backyard and shed. Amenities with Providence Plantation Swim & Racquet Club are available with an additional fee. Easy access to the Arboretum, downtown Matthews, and Uptown!
2916 Redfield Drive
Charlotte, NC 28270
$749,500
4
Beds
2.5
Baths
--
SqFt
Status
Active
MLS #
4144666
Property Type
Single Family Residence
Price Type
--
Location, location. 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. Hardwood flooring throughout the house. 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 https://drive.google.com/file/d/1m0t81gGST7ZUfS8QzV6DlxNSlpmkQHDy/view?usp=sharing
9520 Squirrel Hollow Lane
Charlotte, NC 28270
$650,000
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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Based on information submitted to the MLS GRID as of July 27, 2024 06:14. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.