Charlotte Condo Market Update For October 2011

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

In October 2011 143 condos sold in the Charlotte area, an 3.6% increase from the 138 condos sold in September 2011. October 2011 sales figures increased 12.6% from October 2010 when 127 Charlotte condos sold.

The average sales price increased 30.1% from $145,183 in September 2011 to $188,891 in October 2011. The October 2011 average sales price increased 33% from the October 2010 average sales price which was $142,004.

Average days on the market decreased 8% from 175 in September to 161 in October. October 2010 average days on the market were 135.

Currently there are 1,361 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,514 square feet and an average list price of $214,242, up 2.9% from September‘s average list price of $208,103. The average days on the market are 172. Currently 214, or about 15.7%, Charlotte condos are under contract, down from 217 under contract in September.

Uptown Condos For Sale
NODA/Plaza Midwood Condos For Sale
South Park Condos For Sale
Lake Norman Condos For Sale

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