Providence Downs South in Marvin NC Real Estate Market Report--2011 Year-to-Date Review

By
Real Estate Agent with Allen Tate Company 704-905-3935 105804

Providence Downs South in Marvin NC Real Estate Market Report—2011 Year-to-Date Review

Providence Down South is a luxury gated community located in the MarvinNC area.  Exquisitely appointed homes on generous lots line the neighborhood streets.  A clubhouse and amenity center are available to Providence Downs South residents. 

Providence Downs South Real Estate Market ComparisonMarvin NC Real Estate Market

A detailed comparison of the 2011 year-to-date real estate market in Providence Downs South can be found in the tables below.  What can Providence Downs South buyers and sellers learn from these statistics?

  1. The real estate market improved for sellers in 2011.  The median closed priced increased 7.3% in 2011 while the median home square footage decreased 8.7%.  Days on market declined 38.9% and the median list to sale ratio improved to 95%.
  2. Despite the improving market in 2011, buyers were able to find bargains in the neighborhood.  Foreclosures and short sales accounted for just under 50% of 2011 sales.

Providence Downs South Real Estate Market Comparison

 

Single Family Homes

Providence Downs South Market Update Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $700,000 6226 45 88%
Year 2010 $750,000 6905 131 90%
YTD 2011 $805,000 6300 80 95%

Source: Carolina Multiple Listing Service

Providence Downs South Types of Closed Sales

Foreclosures and short sales accounted for over half the sales in Providence Downs South during 2010. There were no new construction sales in the neighborhood although lots for construction remain.

Providence Downs South Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 9 47.3%
New Construction 1 5.2%
Foreclosure 6 31.5%
Short Sale 3 16%

Source: Carolina Multiple Listing Service

Read more about Providence Downs South, its community amenities, builders and public schools: Providence Downs South in Marvin NC: Homes for Sale and Neighborhood Profile

Providence Downs South Homes for Sale

Click here to see Providence Downs South homes for sale.

Ever wonder what your Providence Downs South home is worth?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Providence Downs South in Marvin NC Real Estate Market Report—2011 Year-to-Date Review*

Posted by


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for thirty years.

Call Carol Fox at 704-905-3935

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Interested in Matthews NC homes for sale and home values?

Visit Matthews NC Homes for Sale to search for properties or for a free online market analysis of your current home.

Search for homes and learn more about the small towns and communities in the southern region of Charlotte

at www.CarolinaSmallTownLiving.com.

 

 

 

Comments (0)