The University area had 25 closings in October 2014. 24 of these sales were for resale properties and two were for new construction. 92% of the closed sales were for single-family homes, and of these single-family home sales, most were for three bedroom (43.5%) and four bedroom (30.4%) homes. The median sales price of $136,500 was down 7.5% from October 2013 but up 7.1% from median sales in September. The average single-family home price was $177,135 while the average condo/townhome price was $135,700. There were 45 new listings in October, up by just one listing from September and up 22% from October 2013. Sellers received 95.8% of their original listing price, which was an increase from last month (94.1%). Homes in the University area spent an average of 48 days on the market, and there was a 3.3 months’ supply of inventory on the market as of October 2014.
About The Charlotte House Hunter Group
Our goal is to become Charlotte’s premier real estate team. Starting with innovative marketing strategies, our agents leverage their expertise in the local market with attention to detail and superior customer service to provide a concierge real estate experience for each and every client looking to buy or sell a home. Founded in 2006, The Charlotte House Hunter Group is based in Charlotte, North Carolina and is a part of Keller Williams® Realty Inc. For more information, please call 704-960-1725 or email firstname.lastname@example.org.