Providence Plantation NC Real Estate Market – September 2012

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

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 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!

Providence Plantation NC Real Estate Location

Read MORE About Providence Plantation

• Video of Providence Plantation in South Charlotte 
• Providence Plantation neighborhood
• Great Tennis and Swim Club in Providence Plantation
• My Providence Plantation home sales – Summer, 2012
• Stunning 5 Bedroom Estate home for sale in Providence Plantation
• Providence High School in Charlotte – 2nd Highest Graduation Rate in NC
• Providence High School in Charlotte – One of NC’s highest ranked schools
• Charlotte NC Area SAT Scores – 2012
• South Charlotte High Schools Rank High on Newsweek’s Best Public High Schools

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3020 Poplar Hill Road Charlotte, NC 28270

$1,799,000

5 Beds

4.5 Baths

-- SqFt

Status Active

MLS # 4165596

Property Type Single Family Residence

Price Type --

Spacious, beautiful, & well cared for ranch home nestled in the mature landscape of Providence Plantation includes a fully finished walkout basement with lofty ceilings. Cul-de-sac greets the home's driveway & 1.62 acre lot. Special features include: Monogram kitchen appliances; hardwood floors; solar panels; primary bedroom on main floor w/en suite bathroom & 2 custom walk-in closets; main floor Jack & Jill bedrooms; basement guest bedroom w/en suite bathroom; wood burning fireplace on each level; main level balcony & basement deck overlook the massive & peaceful backyard porch & wooded landscape; media room w/surround sound; sunroom overlooks the backyard porch; plantation shutters; installed surge protector; built in speakers in primary bathroom, dining room, living room, & family room; spacious storage room; smart toilets in all bathrooms; laundry room w/retractable drying rack; & built-in cabinetry in garage & 1 bedroom. Come see this impressive home and make it yours today!

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2317 Providence Creek Lane Charlotte, NC 28270

$1,449,000

5 Beds

5 Baths

-- SqFt

Status Active

MLS # 4200852

Property Type Single Family Residence

Price Type --

Welcome to 2317 Providence Creek Ln! This property which sits on 1.61 acres is one of the larger lots in Providence Plantation. Kitchen boasts Miele appliances including an induction cooktop, retractable hood, Miele ovens w/steam injection, granite counters, walk-in pantry, & island w/additional storage. Kitchen opens to family room w/gas fireplace, wet bar, & access to a screened in porch & remodeled deck w/trex rain escape system. Living room, dining area, office, bedroom, laundry & full bath complete the main level. Enter the primary bedroom to find a gas fireplace & hardwood floors. Continue into the ensuite which comes equipped w/tile floors, a double vanity, soaker tub, & walk-in glass enclosed shower. 2 additional bedrooms, 2 full baths & loft complete upper level. Basement includes a rec room, wet bar & bedroom w/access to full bath. It also includes a 2nd bonus room prime for theater, gym, etc. Roof replaced in 2024 & exterior painted. Come see all this property has to offer!

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3216 High Ridge Road Charlotte, NC 28270

Open House

$1,100,000

4 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4192006

Property Type Single Family Residence

Price Type --

Custom, fully updated home in Providence Plantation on over 1.3 acres, where luxury meets modern in the heart of South Charlotte. Features include luxury white oak flooring, elegant crown molding, 6-inch baseboards, recessed lighting, Trex decking, designer light fixtures, custom closets, and feature wall. The gourmet chef kitchen offers GE Profile smart appliances including gas range, rose gold quartz countertops, and 42-inch shaker cabinets. The “treehouse” dining room with 78x52 window and family room boast a white-washed stone fireplace with custom built mantle. The primary retreat features a private deck, custom closets, and a spa-like bathroom with LED front and backlit anti fog frameless mirrors. Upstairs are three spacious bedrooms, two full baths, and custom closets. Enjoy evenings on the expansive Trex deck overlooking the private backyard oasis. This is more than just a home - It's a retreat you won't want to miss!!

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5017 Celeste Court Charlotte, NC 28270

$850,000

4 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4203669

Property Type Single Family Residence

Price Type --

Modern, impeccably updated and meticulously cared for describes this home that's on a cul-de-sac within the highly sought after Providence Plantation community. Home features a private and fenced backyard oasis with an in-ground pool, cabana and picnic area! Inside, you will be WOW'd by the distinctive architecture and one-of-a-kind open and airy floor plan! New LVP flooring just added to main level. The incredibly beautiful bio-fuel fireplace is THEE highlight on the main and can be enjoyed from the Living Room and Dining area! The sleek Kitchen has an island and Stainless Steel appliances - Refrigerator (6/24) conveys! Primary Bedroom suite is on the main level and features your own private Patio! Take advantage - relax or exercise while outside! Additional Guest Bedroom & Full Bath on the main, as well as, the Office/Flex Room! Upstairs, the Loft is is great for guests, gaming, etc. Find 2 additional and spacious Bedrooms with one having its own ensuite Bathroom. Move In and Live!

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2916 Redfield Drive Charlotte, NC 28270

$749,500

4 Beds

2.5 Baths

-- SqFt

Status Active

MLS # 4195086

Property Type Single Family Residence

Price Type --

Beautiful 4 BR home in gorgeous Providence Plantation. Stucco on front of house is hard coat. Wood floors up and down, large formal rooms, plus a private office with french doors on main level. Kitchen with granite countertops and decorative tile back plash, SS appliances. Great room is vaulted and huge, with wood burning fireplace. Natural light absolutely floods into this home. Primary bedroom is on upper level with cathedral ceiling, updated bathroom with whirlpool, separate shower with frameless glass doors, beautiful custom cabinetry, and large walk in closet. There are three additional bedrooms up. One secondary bedroom can be used as a bonus room (20X22). The back yard is huge and completely level. Multi-level decks provide perfect outdoor entertaining space. Providence Plantation Racquet and Swim Club amenities with membership. More information at https://pprsc-charlotte.clubexpress.com.

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