What's Shakin' in Charlotte, NC?

head_left_image

Real Estate Recovery in Providence Plantation in South Charlotte - Market Absorption Rate for August 2011

Real Estate Recovery in Providence Plantation in South Charlotte - Market Absorption Rate for August 2011Providence Plantation in South Charlotte

The real estate market in the greater Charlotte area may still be in the doldrums, but in popular South Charlotte neighborhoods like Providence Plantation,  a real estate recovery may be in the making!  The market absorption rate in August shows a BALANCED MARKET in Providence Plantation for the first time in several years!

Real estate market absorption rates tell us how long it will take to sell off all the existing inventory of homes for sale, assuming no new homes come on the market.  A balanced market is 6 months, meaning neither buyers nor sellers are in control of the market.  In Providence Plantation in South Charlotte, the August 2011 market absorption rate is 6.14 months!  Homes in this highly sought-after neighborhood are selling, and average sales price is beginning to rise!

This is great news for Providence Plantation home sellers!  You have far better odds of selling your house now than you did last November, when the market absorption rate was 12 months!  Just last June, the absorption rate in Providence Plantation was 7.4 months!

For buyers who have been waiting for home prices to bottom out to buy a home for sale in Providence Plantation, you may want to consider jumping off the fence right NOW! Home prices in South Charlotte are rising slightly, and inventory is lower - less to choose from.  Interest rates are still highly favorable, but may start to rise in the near future.

Providence Plantation Racquet and Swim Club in South CharlotteIf you are interested in searching for a great home in Providence Plantation in South Charlotte, I'd be happy to show you around and tell you why I call Providence Plantation home!  We have beautiful homes with a wide range of prices, a popular tennis and swim club, and some of Charlotte's best public schools!

Is there a real estate recovery in Providence Plantation in South Charlotte?  Check out my chart on the Providence Plantation Market Absorption Rate for August 2011 below, and decide for yourself!

Providence Plantation in South Charlotte - Market Absorption Rate for August 2011

**********************************************************************************

Melissa Brown

REALTOR/Broker, NC & SC

704-654-9700

Search Charlotte Homes for Sale

Find South Charlotte Real Estate on Google+

 

  www.facebook.com/melissapaynebrown         www.twitter.com/melissapbrown        Melissa Brown on LinkedIn             Follow Me on Pinterest   

Melissa Brown, Realtor, Charlotte, NC

Come to Charlotte and enjoy the four seasons!

Comment balloon 5 commentsMelissa Brown • August 06 2011 11:30AM
Real Estate Recovery in Providence Plantation in South Charlotte -…
share
Real Estate Recovery in Providence Plantation in South Charlotte - Market Absorption Rate for August 2011 The real estate market in the greater Charlotte area may still be in the doldrums, but in popular South Charlotte neighborhoods like… more
South Charlotte NC Homes for Sale near Arboretum
share
South Charlotte NC Homes for Sale near Arboretum One of the most popular areas to buy a South Charlotte NC home for sale is near the Arboretum Shopping Center, an area conveniently located at the intersection of Pineville-Matthews RD and… more
Biggest Dog I've Ever Seen!
share
Biggest dog I've ever seen! I'm tried to be wordless here, but this photo just defies "wordlessness! " I just have to rave about this dog named "Duke, " who belongs to a wonderful client of mine, Jeff from Minneapolis! … more
Home for Sale in Hembstead in South Charlotte is the Choice for my…
share
Home for sale in Hembstead in South Charlotte is the choice for my happy buyers! After over a year of patiently waiting for the perfect home and neighborhood, my buyers finally closed on a wonderful Hembstead home for sale in South Charlotte!.. more
Providence High School in Charlotte NC Makes Newsweek's Best American…
share
Providence High School in Charlotte NC Makes Newsweek's Best American High Schools list in 2011! Congratulations to Providence High School in Charlotte, NC for ranking 186th on Newsweeks Best American High Schools list in 2011! It isn't… more
Providence Plantation in South Charlotte - Market Absorption Rate for…
share
Providence Plantation in South Charlotte - Market Absorption Rate for September, 2012 If you're looking for homes for sale in Providence Plantation in South Charlotte NC then you might want to check out my market absorption rate chart for… more
3 Bedroom Townhouse for Sale in Hanover Place in Fort Mill SC- 100%…
share
3 Bedroom Townhouse for Sale in Hanover Place in Fort Mill SC - 100% USDA Financing Available! MLS# 2020450 Just minutes away from the heart of Ballantyne, this 3 Bedroom Townhouse for Sale in Hanover Place in Fort Mill is approved for… more
Best Endodontist in Charlotte/Matthews, NC
share
Best Endodontist in Charlotte/Matthews, NC Singing Endodontist, Tom Kleitches, DDS, makes my root canal… FUN! OK, maybe fun isn't the best adjective to use when describing a root canal, but I would venture to say that Dr. Tom Kleitches… more
Homes for Sale in Ardrey Kell High School District
share
Homes for Sale in Ardrey Kell High School District Many home buyers relocating to Charlotte NC want to search for homes for sale in the Ardrey Kell High School District One of the top-ranked high schools in NC, Ardrey Kell High… more
4 Bedroom Home for Sale in Beverly Crest - Providence High School Zone
share
4 Bedroom Home for Sale in Beverly Crest - Providence High School Zone - MLS# 2014680 Located in the heart of South Charlotte, this 4 Bedroom home for sale in Beverly Crest is zoned for top-rated Providence High School You'll find it… more