Charlotte NC Neighborhoods - Madison Park Real Estate Market 1.14.09

January 14, 2009 · Print This Article

As of January 14, 2009 there are 31 available homes for sale in Charlotte NC’s Madison Park neighborhood with list prices ranging from $95,000-$337,000.

Two real estate listings in Madison Park are currently under contract and both are priced below $180,000.

Madison Park Real Estate Activity 1.14.09

Listing Price Range	Active Listings	Under Contract Listings	# Sold in Oct-Dec	# Months of Inventory
Less than $200,000	5	2	5	3 months
$200,000-249,999	7	0	3	7 months
$250,000-299,999	14	0	4	10.5 months
$300,000-349,999	5	0	0	Undefined
$350,000-399,999	0	0	0	0
Total	31	2	12	-

Real estate inventory levels in Madison Park increase by price range, with the highest real estate inventory level in the $300,000-$349,999 price point due to a lack of any recent successfully closed real estate listings.

Below $200,000 there is a 3 month supply of real estate listings in Madison Park and this is also where the currently under contract listings are located.

Above the $200,000 mark, current real estate inventory levels favor Charlotte NC buyers right now.

For more detailed information on any of the available real estate listings in Madison Park or other Charlotte NC neighborhoods, Contact Us for Charlotte NC real estate information.

Madison Park is a Charlotte NC neighborhood of single family homes built primarily in the 1950’s and 1960’s, located within minutes of the light rail line and is convenient to both South Park and Uptown Charlotte NC.

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*Data based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

Written by Diane McDermott