Charlotte North Carolina Market Update for:
Real Estate Market Update for
Single Family Homes in Mecklenburg County North Carolina Area 9 including:
Charlotte Neighborhoods: Abbington, Aberdeen Park, Americana Park, Avery Glen, Barkley, Barley Greens, Barrington, Beckett, Biddle Heights, Biddleville, Biltmore park, Birkdale, Braemar, Brasilia park, Brookfield, Brookline, Capps, Carrington Ridge, Carronbrige, Cashion Woods, Cedarfield, Chastain, Cindy Park, Claiborne Woods, Cradon Park, Crosswinds, Davis Meadows, Double Oaks, Douglas Park, Edmore Estates, Elizabeth Oaks, Firestone, Fox Chase, Fox Glenn, Gaitwood, Genesis Park, Gilead, Glenhaven, Glenwyck, Grass Meadows, Griers Grove, Hagers Ferry, Hambright Woods, Hamilton Village, Hawk Ridge, Hemby Woods, Henderson Park, Hunters Pointe, Huntington Forest, Hyde Park, Keeneland, Keener Creek, Lakeview Village, Lakewood, Latta Springs, Laurel Woods, Lawing Pond, Lea Woods, Lincold Heights, LInda Vista Place, Linden Estates, Macaulay, McCoy Crossing, McCrorey Heights, McIntyre, Melborne, Miranda, Northwood Estates, Oakdale, Oaklawn park, Oakview Commons, Peachtree, Pinebrook, Preston Village, Quail Ridge, Raven Ridge, Regency Park, Ridgemont, Riverview Acres, Rolling hills, Shelton Rige, Slater Ridge, Slater Springs, Stephens Grove, Stewarts Glen, Stillwell, Stone Hollow, Stonegate Farms, Stratford Forest, Sunset Oaks, Sunset Linda Vista, Sunset Village, Tanners Creek, Taylor Place, The Woodlands, Timberview, Torrence Crossing, Trinity Park, University Park, Villages at Rosedale, Walden Ridge, Walnut Creek, Washington Heights, Woodlands and Wynfield.
Data gathered for July 1 – July 31, 2009
New Listings 138
In comparison to: -15.34% October | -10.97% 2008 | -16.36% 2007 | -28.13% 2006 | -26.6% 2005
Pending Sales: 70
In comparison to: -29.29% October | +7.69% 2008 | -41.18% 2007 | -60.45%
2006 | -46.97% 2005
Sold Listings: 79
In comparison to: +1.28% October | +46.3% 2008 | -28.83% 2007 | -37.3% 2006 | -57.53% 2005
Average Sold Price: $143,490
In comparison to: -.64% October | -6.11% 2008 | -27.32% 2007 | -28.29% 2006 | -16.91% 2005
Median Sales Price: $120,000 (comprised of both single family, condos, and town homes)
Average Days on Market until Contract: 89
In comparison to: +7.23% October | +9.88% 2008 | +39.03% 2007
60% of the single family homes that closed in Charlotte, Huntersville, Davidson, and Cornelius (Area 9) in November offered a seller concession, averaging $3,492.
- Conventional: 23
- FHA: 40
- Cash: 14
- VA: 1
- FMHA: 1
Tax Value as compared to Sold Price
In November, homes in Charlotte, Huntersville, Davidson, and Cornelius (Area 9) closed at 91.44% of the assessed property tax value.
Percentage of Listed Price Received
Sellers in Charlotte (Area 9) received 93.84% of their original asking price for the sales in November. When concessions are subtracted from the sales price, the figure drops to 92.33%. Of the homes that sold in less than 99 days, those sellers received 92.43% of their asking price while homes on the market for more than 100 days yielded only a 90.95% return of the original asking price.