Providence Plantation Real Estate Market Summary 2011

Providence Plantation real estate market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

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 Schooland 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, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

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 real estate market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

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!

Providence Plantation real estate market summary 2011, Providence Plantation neighborhood South Charlotte NC, homes for sale in Providence Plantation Charlotte NC

 

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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 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 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!

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

 

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