Real Estate Market in Southeast Charlotte NC January 2010

January 31, 2010 · Print This Article

The 681available single family real estate listings in the Southeast Charlotte NC region have an average list price of $432,166 and range in price from $30,000 to $4.99 million.

Overall, the Southeast Charlotte NC region currently has a 10.5 month of homes for sale, and the level of available real estate listings continues to exceed the under contract and recently sold activity in the area.

The 85 under contract real estate listings in Southeast Charlotte have an average list price of $353,852.

For the monthly real estate sales history including average sales prices, days on market and real estate listing activity - Monthly Real Estate Sales History for Southeast Charlotte NC December 2008 Through December 2009.

The $100,000 to $300,000 price ranges continue to have the highest amounts of available, under contract and recently sold real estate activity for the Southeast Charlotte NC region:

In a shift from a month ago, all price points in the Southeast Charlotte NC region are now experiencing real estate inventory over balanced real estate market conditions.

For the entry level price ranges, the supply of homes for sale is still relatively close to balanced real estate market conditions, in the 7 month range.

At the $200,000 and up price points, the level of real estate supply continues climbing. Over the $300,000 threshold the real estate supply surpasses the overall area’s inventory and remains between 10.6 and 20 months supply of homes for sale.

Southeast Charlotte NC includes neighborhoods such as Elizabeth, Landsowne, Stonehaven, Beverly Crest, Providence Plantation, Cotswold, Chantilly, Eastover, Providence Commons, Bishops Ridge and many more. In addition to Charlotte, the town of Matthews is also included in this area of Mecklenburg County NC.

*Data and statistics based on Area 4 single family information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

Written by Diane McDermott