Charlotte North Carolina Market Update for:
Single Family Homes in Mecklenburg County North Carolina Area 8 including:
Charlotte Neighborhoods including Abernathy Woods, Allenbrook, Americana Park, Ashley Park, Beechwood, Belemeade Green, Biddleville, Brookfield, Brookmere, Camp Green, Catawba River, Cedar Mill, Chapel Grove, Cherokee Forest, Cheshire Commons, Clanton Park, Clinchfield, Coulwood, Creekside, Cross Creek, Dowd Heights, Eagle Nest, Enderly Park, Feathersone Ridge, Forest Pawtuckett, Glendale Acres, Glenhaven, Glenwood, Greenwood, Hammonds Station, Harbor Estates, Harbor House, Heather Glen, Hidden Creek, Homestead Glen, Hoover Acres, Hoskins, Hunter Ridge, Lakewood, Lela Court, Lweis Forest, Long Creek, Marsh Estates, McGregor Downs, Mellwodd, Melynda Woods, Montclair Park, Moores Chapel, Moores Park, Morningside, Mullberry Pond, Northbrook, Northwoods, Oakshire, Oakview Commons, Parkview, Patriots Point, Pine Island, Regal Heights, Reid Meadows, Reid Park, Running Dear, Seversville, Smallwood, Sonoma Village, Stone Bluff, Stoney Pointe, Summerville, Summit HIlls, Tanglewood, Thomasboro, Thrift, Todd Park, Town Park, Valley Ridge, Villages of Ashley Ridge, Waldon Park, Wandawood, Watauga Village, Wesley Hights, West View, Westborne, Westcherster, Westerly Hills, Westerwood, Westmoreland, WEstwood Forest, Wildwood, Wilson Glen, Winding Creek, Windsong, Windy Rige, Woodland Station, Woods at Coulwood and Woodsdale Acres.
Map of all the neighborhoods covered in Area 8
Data gathered for November 1 - November 30, 2009
New Listings 106
In comparison to: -16.54% October | -24.29% 2008 | -28.38% 2007 | -34.57% 2006 | -28.38% 2005
Pending Sales: 60
In comparison to: -4.76% October | -9.09% 2008 | -25% 2007 | -56.52%
2006 | -32.58% 2005
Sold Listings: 31
In comparison to: -32.61% October | -20.51% 2008 | -45.61% 2007 | -70.48% 2006 | -57.53% 2005
Average Sold Price: $87,878
In comparison to: -2.87% October | -16.58% 2008 | -16.71% 2007 | -25.09% 2006 | -17.17% 2005
Median Sales Price: $93,000 (comprised of both single family, condos, and town homes)
Average Days on Market until Contract: 89
In comparison to: -13.59% October | -16.04% 2008 | +11.25% 2007
Seller Concessions:
47% of the single family homes that closed in Charlotte (Area 8) in November offered a seller concession, averaging $2,703.
Buyer Financing:
- Conventional: 3
- FHA: 19
- Cash: 7
- VA: 1
- Other: 1
Tax Value as compared to Sold Price
In November, homes in Charlotte (Area 8) closed at 102.83% of the assessed property tax value.
Percentage of Listed Price Received
Sellers in Charlotte (Area 8) received 91.15% of their original asking price for the sales in November. When concessions are subtracted from the sales price, the figure drops to 89.86%. Of the homes that sold in less than 99 days, those sellers received 92.10% of their asking price while homes on the market for more than 100 days yielded only a 89.43% return of the original asking price.
Jonathan Osman
Charlotte NC Homes For Sale
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