Landen Meadows Neighborhood Real Estate Market January 2010

   The 6 available Landen Meadows real estate listings range in price from $184,900 to $275,000.  

   Overall real estate inventory for the Landen Meadows neighborhood in Charlotte NC remains within balanced conditions with a 6 month supply of homes for sale.

     Although the overall real estate supply in the Landen Meadows neighborhood is within balanced real estate market conditions, the exception to those conditions is over $250,000 where supply is infinite due to a lack of any recent successful sales. That has changed in the past month as prior sales grew outdated and no current activity has replaced them.

   The 6 successfully sold real estate listings in the Landen Meadows neighborhood since late July 2009….

- had an average sales price of $210,816 (range was $175,000 to $245,000)

- spent an average of 91 days on the market before going under contract (range was 9 days to 157 days)

- sold for an average of 94.3% of the Original List Price (range was 89.2% to 98%)

- seller paid closing costs were included in 4 of the 6 recently sold Landen Meadows homes and those concessions ranged from $3,500 to $5,900

Landen Meadows is a neighborhood of single family homes built primarily in the 1990’s.  Charlotte NC’s Landen Meadows neighborhood is located in the Ballantyne area of South Charlotte NC between Ardrey Kell Rd and Rea Rd, minutes from the Blakeney shopping center.  The Landen Meadows neighborhood features a community pool, playground and tennis courts.

Copyright©2010 by Diane McDermott, All Rights Reserved, “Landen Meadows Neighborhood Real Estate Market January 2010″

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