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University Area Market Update - Feb. 25, 2010

By
Managing Real Estate Broker with REIGN REALTY

For the month of February 2010, here are the numbers:

Number of homes SOLD = 20;  Average SQUARE FEET2193;  Average # Bedrooms / Baths = 3 bedrooms, 2 Full and 0 Half Baths;  Average List Price = $163,149;  Average SALES PRICE = $158,518;  Average DAYS ON MARKET = 103

One year earlier, for the same month of February 2009, here are the numbers:

Number of homes SOLD = 24;  Average SQUARE FEET = 2043;  Average # Bedrooms / Baths = 3 Bedrooms, 2 Full and 0 Half Baths;  Average LIST PRICE = $138,462;  Average SALES PRICE = $125,097;  Average DAYS ON MARKET = 109

That shows an increase in home prices in the University City area of a whopping 21%.

If you have questions about homes for sale, or you are thinking about putting your property on the market in the University City area, feel free to contact me Toll Free at (866) 997-2463, email me at RaineSpivey@Gmail.com, or visit my website at www.RaineSpivey.com

I look forward to hearing from you.

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Raine Spivey is a licensed real estate Broker in the state of North Carolina and South Carolina.  She specializes in the University, Ballantyne, NW Charlotte, and Waxhaw areas.  If you have a house to sell, or are looking to purchase in those areas, feel free to contact Raine directly.

 

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