Real Estate Market in South Charlotte NC January 2010

January 31, 2010 · Print This Article

There are currently 1,068 available single family real estate listings in the south Charlotte NC region with list prices ranging from $99,900 to $5.25 million. The average list price for available real estate listings in south Charlotte NC is $666,968.

Available real estate listings continue to exceed the pace of recent real estate sales in the region and the current real estate inventory in south Charlotte NC is at an 11.6 month supply of homes for sale - most definitely OVER balanced real estate market conditions.

The 169 under contract real estate listings in south Charlotte NC have an average list price of $548,719.

To view the monthly real estate sales history in south Charlotte NC including average sales prices - Monthly Real Estate Sales for Single Family Homes in South Charlotte NC December 2008 through December 2009.

The highest amounts of available, under contract and recently sold real estate listings continue to be in the $200,000 and $300,000 price ranges.

At the end of January 2010, single family real estate inventory in the south Charlotte NC region exceeds balanced real estate market conditions at the $100,000 threshold and continues an upward trend from that point.

The supply of homes for sale exceeds a 10 month supply at the $300,000 mark and remains above that level for all other price points. In fact the only price point currently within (actually well below) balanced real estate market conditions is <$100,000.

The South Charlotte NC area includes neighborhoods such as Myers Park, parts of Dilworth, South Park, Beverly Woods, Beverly Woods East, Foxcroft, Cameron Wood, Mountainbrook, Carmel Station, Barclay Downs, Sturnbridge, Candlewyck, Olde Providence, Raintree, Stone Creek Ranch, Landen Meadows, Piper Glen, Thornhill, Blakeney and many others.

*Data and statistics based on Area 5 single family information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

Written by Diane McDermott