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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2201 Grimmersborough Lane Charlotte, NC 28270

$989,000
5 Beds
4 Baths
3,840 SqFt
Status Active
MLS # CAR3624892
Property Type --
Price Type --
Mid Century Modern New Construction Home in Providence Plantation Close to Arboretum and I-485. Large one acre home site welcomes this beautifully built modern home with craftsman touches. Mahogany front door opens to white oak floors, an open floor concept and tons of natural light. Sierra Pacific windows plaster the entire home. Sliding glass door opens to a wooden deck which overlooks lots of trees and privacy. Home includes craftsman style cabinetry, quartz countertops, tile in all bathrooms including floor to ceiling in master bathroom, Rinnai tankless water heater, Trane HVAC, foam insulation in rafters, radient barrier roof OSB, white oak stair treads with glass railings, office/bedroom on 1st floor, master bedroom on 1st floor, multiple barn doors, large 2nd floor loft with built in cabinets, large laundry room with drop zone, large master closet with built in shoe cubbies, gas log fireplace in living room with built in beside, custom shelving and much more.

2224 Providence Canyon Drive Charlotte, NC 28270

$845,000
5 Beds
4.5 Baths
5,324 SqFt
Status Active
MLS # CAR3578684
Property Type --
Price Type --
Full Brick Estate in Providence Plantation! This lovely, well-maintained home has abundant windows offering natural light & peaceful views of this wooded cul-de-sac lot w/mature landscaping As you enter the 2-story foyer, you are met with a stunning formal staircase with formal dining and living rooms to either side. This home is fantastic for entertaining large gatherings. Interior features a Gourmet kitchen with island, 6 burner Viking cooktop and double wall ovens. Beautiful family room w/gas fireplace and built in cabinets. Private staircase to upper level loft,bedrooms, baths and Spa like Master. The renovated basement is perfect for entertaining guests featuring a wood burning fireplace, wet bar, billiards room, additional bedroom, gift wrapping room and full bath. Double French door access to large deck rear deck Motivated sellers, ready to Downsize. This home is ready for it’s next chapter with a new family and is a perfect home for a multi-family buyer(in laws)

2701 Plantation Road Charlotte, NC 28270

$799,000
5 Beds
4.5 Baths
4,675 SqFt
Status Active
MLS # CAR3609666
Property Type --
Price Type --
Classic painted brick home on over an acre, built in 1995 with a modern day open floor plan and master down. Gorgeous flat landscaped lot. Large custom built bonus room addition on the main level, and sun room addition with a wall of windows overlooking the back yard. Kitchen has been updated with custom cabinets and granite counter tops. Master bath has dual vanities,spa tub and a new seamless glass shower door. The upper level offers 4 spacious bedrooms, 3 full baths and a separate office. Detached 2 car garage with additional storage. Third floor walk up storage with permanent stairs. Easy access to Weddington Road from Plantation Road. Neighborhood amenities available which include pool and tennis. https://pprsc-charlotte.clubexpress.com

2317 Houston Branch Road Charlotte, NC 28270

$639,900
4 Beds
3.5 Baths
3,566 SqFt
Status Active
MLS # CAR3577298
Property Type --
Price Type --
Gorgeous, custom home 4 or 5 BR on beautiful corner lot in PP. Covered front porch, large Formal Rooms, split staircase opens to Foyer and Kitchen, Great room with coffered ceiling and wainscoting has two-sided fireplace that opens to the Kitchen/Breakfast Room. Fabulous Kitchen with SS appliances, granite counters, new decorative tile backplash, double wall ovens with sep. microwave. Large island for bar stools. Huge laundry room on main level. Breathtaking updated Master Suite, new Master Bathroom with pedestal tub, separate shower, water closet, heated towel rack. Master closet any homeowner would LOVE! Jack and Jill Bath as well as an additional hall Bath. Walk in attic storage! Two raised patios, and huge back yard. Don't miss this one!

711 Ashgrove Lane Charlotte, NC 28270

$625,000
5 Beds
3.5 Baths
4,241 SqFt
Status Active
MLS # CAR3614890
Property Type --
Price Type --
Stunning ALL-BRICK 2-story traditional home w/fully-finished walkout basement & in-ground pool. Featuring 2-story foyer, formal living room, formal dining room w/ tray ceiling, heavy trim & bay window. Gorgeous wood flooring. Gourmet kitchen w/center island, granite counters, tile backsplash, gas cooktop, wall oven & breakfast area. Great room w/ fireplace, laundry room w/sink & shelving, & crown molding throughout. HUGE luxury Master Suite upstairs w/double door entry, walk-in closet, tiled spa-like bath w/ dual vanities, soaking tub, & large glass/tile shower. 3 add'l BDRMS & full bath upstairs + bonus room/office w/vaulted ceilings. Fully-finished walkout basement level with den, fireplace, bedroom, full bath, exercise room & utility/storage room. The backyard is an oasis w/an amazing POOL & surrounding patio for sunbathing, another patio to relax/grill, a covered patio & large deck above overlooking pool & fenced, landscaped yard. MUST SEE TO FULLY APPRECIATE!

2313 Keara Way Charlotte, NC 28270

$569,900
5 Beds
3.5 Baths
4,024 SqFt
Status Active
MLS # CAR3598914
Property Type --
Price Type --
Beautiful, Master on Main, full brick home in desirable Providence Plantation. The large foyer is flanked by a formal living room or office and formal dining. The kitchen has granite countertops, stainless steel appliances, breakfast bar and dining area. It opens nicely into the 2-story family room with a gas fireplace and tons of natural light. The master bedroom on the main level with vaulted ceiling and dual walk-in closets. The master bath has dual vanities with new granite countertop and separate tub/shower. Upstairs has 4 bedrooms with a large loft. One bedroom has a full bathroom attached - perfect for guests. The unfinished basement is over 2400 square feet and can easily be converted to additional heated living area. It is already plumbed for a full bathroom. Both HVACs and the roof are only about 1 year old. Don't miss this opportunity to be in one of Charlotte's most desirable neighborhoods and school districts. Neighborhood has pool and tennis courts that can be joined.

2201 Retana Drive Charlotte, NC 28270

$559,000
5 Beds
3.5 Baths
3,899 SqFt
Status Active
MLS # CAR3619767
Property Type --
Price Type --
Spacious, 5-bedroom home in highly sought after Providence Plantation! This home is equipped with a master suite w/ vaulted ceilings on the main level, open floor plan, brand new carpet upstairs, spacious bedroom/bonus room, expansive deck for making entertaining a breeze, and a jaw dropping patio area with outdoor fireplace!!!

3330 Rhett Butler Place Charlotte, NC 28270

$489,900
4 Beds
3 Baths
3,262 SqFt
Status Active
MLS # CAR3607860
Property Type --
Price Type --
High def 3D tour available in media link for virtual tour. Located in Providence Plantation is this 2-story home with a relaxing backyard featuring an enclosed sunroom off the kitchen! Step inside to an open foyer leading to the two-story living room and dining room that have french doors to access the outdoor deck and pergola. On the first floor, there is an updated kitchen with granite counters, a large kitchen island, plenty of storage, a pantry, breakfast area, family room with gas fireplace, laundry room, bedroom, and a full bathroom. Upstairs there are 2 additional bedrooms, a bonus room with a closet that could be used as a 5th bedroom, and the master suite with sitting area, walk-in closet, dual vanities, jetted tub and separate shower. Bedroom, laundry, and full bathroom on the main level. Just minutes from Waverly, The Arboretum, The Promenade, Whole Foods, Starbucks, great restaurants, shopping and I-485.

6518 Silver Fox Road Charlotte, NC 28270

$475,000
4 Beds
3 Baths
3,726 SqFt
Status Active
MLS # CAR3588476
Property Type --
Price Type --
Rare Find in Providence Plantation! Full Brick Ranch with Lower Level Open Floorplan on Private Acre Lot. Needs Cosmetic Updates. Great Rm has Wood Burning Fireplace & Double French Doors leading to deck. Lots of Counter and Cabinet space in kitchen & breakfast area overlooking serene backyard. New Carpet on Walk Out Lower Level. Features also include French Doors & Wood Burning Fireplace in Rec & Game Area. Full Bar with backlights and sink. Office, Full Bath, Lg Laundry Room w/sink & cabinets PLUS Flex Rm w/double closets. Enclosed Storage Rm under deck. You'll love the oversized Brick patio for outdoor entertaining. Fenced area in backyard could be used for garden or pets. Providence Plantation offers swim/tennis, zoned for Top ranked Schools & a short distance to Waverly & Arboretum for Shopping & Dining.

730 Ashgrove Lane Charlotte, NC 28270

$470,000
4 Beds
2.5 Baths
3,399 SqFt
Status Active
MLS # CAR3607680
Property Type --
Price Type --
Nestled between 2 cul-de-sacs, this gorgeous home features tons of natural lighting and upgrades! Gleaming hardwood floors on the first level. French doors lead to office on first level, and kitchen w granite counters, center island, 42 inch cherry cabinets open up to bright airy family room. Oversized garage w/ custom storage and epoxy floors. Upgraded laundry room. Large open loft on 2nd level perfect for an extra entertainment area. Master BR with spacious closet, sitting area, and two separate areas ideal for a craft, music, or library room! Gorgeous, private outdoor patio featuring a pergola, basketball hoop, and IRRIGATION SYSTEM! Decorative stone wall offers a beautiful wooded view from both upstairs and downstairs. Endless storage! Walking distance to community pool, clubhouse, and playground! Fun community events all year - back to school & holidays! Top-rated, award-winning schools!

2324 Tarleton Twins Terrace Charlotte, NC 28270

$439,900
4 Beds
2.5 Baths
2,673 SqFt
Status Active
MLS # CAR3599665
Property Type --
Price Type --
Welcome home to 2324 Tarleton Twins. This beautifully maintained home has a private, wooded & fenced backyard. This home is light, bright & airy offering plantation shutters throughout except kitchen & breakfast area. Gleaming hardwood floors in the foyer, ceramic tile in the kitchen and baths. Granite countertops in the kitchen, stainless appliances, smooth cooktop & large pantry. Master bedroom with seating area, separate tub & shower, closet system in Mst. Bonus room/flex space offers closet & attic storage in the eaves. This home will not disappoint!
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