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2010 Uptown Charlotte Condo Market Update

By
Real Estate Agent with Southern Homes of the Carolinas License# 219364

Uptown Charlotte Condos & Townhomes
In 2010 142 Uptown condos/townhomes sold in the Charlotte MLS area, an 5% decrease from the 150 Uptown condos or townhomes sold in 2009. 2010 sales figures decreased 73% from 2006, the heighth of the sellers market, when 526 Uptown condos sold.

The average sales price increased 6% from $258,770 in 2009 to $273,832 in 2010. The 2010 average sales price decreased 14% from the 2006 average sales price which was $317,034. 

Average days on the market increased 225% from 61 in 2009 to 198 in 2010. 2006 average days on the market were 32.

Currently there are 161 Uptown Charlotte condo/townhomes for sale. The average unit is a 1 bed/1 bath condo with 1,352 square feeet and an average list price of $382,201. The average days on the market are 149. 20 Uptown Charlotte condos/townhomes are currently under contract.

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