Providence Plantation Real Estate Market Summary 2011

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!

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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 School, and 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 – 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 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!

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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!

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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.

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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!

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2842 Providence Spring Lane Charlotte, NC 28270

Open House

$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!

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3439 Nancy Creek Road Charlotte, NC 28270

Open House

$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!

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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!

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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

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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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Property listings 1 - 8 of 8

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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 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 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!