Providence Plantation Neighborhood Real Estate Market January 2010

January 25, 2010 · Print This Article

A recent increase in the amount of available Providence Plantation real estate listings has led to an elevation of the Providence Plantation real estate inventory to a current 9.5 month supply of homes for sale.

The 38 available Providence Plantation real estate listings range in price from $249,900 to $949,000.

There are 5 under contract Providence Plantation real estate listings which is just slightly lower than the under contract activity in late December 2009.

Overall, the level of available Providence Plantation homes for sale is HIGHER than the pace of recent successful real estate sales, leading to elevated amounts of options for home buyers.

There is a wide variety of price points within Charlotte NC’s Providence Plantation neighborhood, and there are available real estate listings from the $200’s through the $900’s.

The $300,000 and $400,000 ranges have the greatest number of available real estate listings as well as recently sold Providence Plantation activity….however, the under contract activity has cooled in those price points as of January 2010.

The 24 successfully closed Providence Plantation neighborhood real estate sales since late July of 2009…

- had an average sales price of $444,544 (range was $296,407 to $880,000)

- spent an average of 112 days on the market before going under contract (range was 29 days to 468 days)

- sold for an average of 90.5% of the Final list price (range was 74.4% to 100%)

- seller paid closing cost contributions ranging from $3,000 to $9,000 were included in 6 of the 24 recently sold Providence Plantation real estate listings, so the majority of recent sales did not include seller paid closing cost concessions.

The Providence Plantation neighborhood in Charlotte NC is located between Providence Rd and Weddington Rd in Southeast Charlotte NC. Homes in the Providence Plantation neighborhood were built from the 1960’s through the 2000’s.

Conveniently located between the Arboretum and the Promenade on Providence shopping centers, the Providence Plantation neighborhood offers easy access to dining, entertainment and shopping amenities as well as access to I-485 and Providence Rd which leads to Uptown Charlotte NC.

There is also a Providence Plantation Racquet and Swim Club (membership fees apply and availability should be verified), located in this Southeast Charlotte NC neighborhood. For info on the Racquet and Swim Club in Providence Plantation, visit their site at http://www.providenceplantationclub.com/pages/index.cfm?siteid=81

Charlotte NC Neighborhood Real Estate Market Reports

Written by Diane McDermott