About Charlotte's Noda

NoDa - The Arts District Area Market Trends For Condos/Townhomes
As of 11/09/11 in Charlotte, NC

NoDa - Just 3 miles northeast of Center City Charlotte, The North Davidson Arts District, has been transformed into a trendy village with a delightful artsy edge. A variety of restaurants, antique shops, decorator emporiums are tucked in next to second-hand shops,flee markets galleries, and performance halls. This neighborhood is made up of mostly Craftsman style bungalows, and an increasing number of townhomes, condos, including some converted mills.

In the last 12 months, 31 Condos/Townhomes sold,there is a 3 month supply of inventory with 12 active listings.

Market Absorption Trend for NoDa - The Arts District - Condos & Townhomes

Market Activity for the last 12 months:
Closed Transactions - 31
Average Homes sold per month - 2.59
Current Active Listings on the MLS - 12
Months of supply on market - 4.64
Average L/P - $153,964
Average S/P - $148,646
%S/p to L/P - 0.95
Average Days on Market - 170
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Market Activity for the last 6 months:
Closed Transactions - 14
Average Homes sold per month - 2.34
Current Active Listings on the MLS - 12
Months of Supply on Market - 5.13
Average L/P - $161,533
Average S/P - $158,560
%S/P to L/P - 0.976
Average Days on Market - 151
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Market Activity for the last 3 months:
Closed Transactions - 7
Average Homes sold per month - 2.34
Current Active Listings on MLS - 12
Months of Supply on Market - 3
Average L/P - $151,800
Average S/P - $147,290
%S/P to L/P - 0.965
Average Days on Market - 195
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Market Trend - A six month supply signifies a balanced market. Less than a six month supply reflects a sellers’ market. More than a six month supply reflects a buyers market.
Note: Data reflects Condos/Townhomes sales reported from CMLS, Inc. for The Arts District as of 11/08/11

12 Photos Available 3552 N Davidson Street . Charlotte NC 28205 Price:$229,000 Beds:3 Full Baths:2 Half Baths:1 Status: Active MLS#:2028819 Property Details Request Info Schedule a Showing Listing Courtesy of: Cottinghamchalkhayes, Realtors

15 Photos Available 2968 Textile Way 13-01 Charlotte NC 28205 Price:$222,354 Beds:2 Full Baths:2 Half Baths:1 Status: Active MLS#:2012956 Property Details Request Info Schedule a Showing Listing Courtesy of: Builder Services, Inc.

0 Photos Available 3403 Steel Yard Court . Charlotte NC 28205 Price:$219,500 Beds:3 Full Baths:2 Half Baths:1 Status: Active MLS#:2048752 Property Details Request Info Schedule a Showing Listing Courtesy of: Cottinghamchalkhayes

16 Photos Available 2964 Textile Way 13-02 Charlotte NC 28205 Price:$204,990 Beds:2 Full Baths:2 Half Baths:1 Status: Active MLS#:2012959 Property Details Request Info Schedule a Showing Listing Courtesy of: Builder Services, Inc.

15 Photos Available 2956 Textile Way 13-05 Charlotte NC 28205 Price:$199,990 Beds:2 Full Baths:2 Half Baths:1 Status: Active MLS#:2032014 Property Details Request Info Schedule a Showing Listing Courtesy of: Builder Services, Inc.

11 Photos Available 3624 Artists Way 12 Charlotte NC 28205 Price:$159,900 Beds:2 Bathrooms:2 Status: Active MLS#:2000022 Property Details Request Info Schedule a Showing Listing Courtesy of: Cottinghamchalkhayes, Realtors

13 Photos Available 3809 Picasso Court #3809 Charlotte NC 28205 Price:$140,000 Beds:2 Full Baths:2 Half Baths:1 Status: Active MLS#:2026104 Property Details Request Info Schedule a Showing Listing Courtesy of: Allen Tate Company

7 Photos Available 511 E 34th Street 204 Charlotte NC 28205 Price:$139,900 Beds:1 Bathrooms:1 Status: Active MLS#:2032378 Property Details Request Info Schedule a Showing Listing Courtesy of: Re/Max Executive Realty

Living in NoDa (NOrth DAvidson)

NoDA Arts District is a most unique, artsy, funky yet fresh style of Urban Living at it’s best. Located 3 miles northeast of Uptown Charlotte, NC, this eclectic, hip art district will provide you with sights, sounds and feelings that you won’t experience anywhere else in the City.

NOrth DAvidson, originally a mill village that operated almost independently of Charlotte, had become a haven of poverty and crime in the mid 20th century. But in the past 20 years it has been redeveloped as a home of the arts. It has quickly become a fast growing urban neighborhood which is in history with a strong sense of community, filled with diversity and creativity.

NoDa is now home to the City’s best collection of galleries and performance venues; some of the funkiest shopping and full service restaurants; and because of the central location of the galleries, neighborhood theater, coffee shop, bakery, the local eateries, live music and the YMCA , it is an easy walk from any neighborhood in the area .

Check out the Gallery Crawl twice a month to experience NoDa’s unique street scene. Every 1st and 3rd Fridays throughout the year from 6:00pm to 9:30 pm.

NoDa is undergoing revitalization so many homes in the area ( most built in the early 1900’s) are being renovated and resold. Remodeled bungalows are ranging in a price range upwards of $400,000, while townhome/condos are selling for $150,000 and up.

If you are searching for Urban Living, you will love living in NoDa filled with a versatile, yet unique style all its own. Check out one of Charlotte’s best preserved historic districts.

Places in NoDa

The Evening Muse - www.theeveningmuse.com

The Neigborhood Theatre - wwwneighborhoodtheatre.com

Sunshine Daydream - www.charlottemusic.com

Boudreaux's Lousiana Kitchen - www.boudreauxs.com

Amelie's French Bakery - www.ameliesfrenchbakery.com

Homes Are For Sale In NoDa

NoDa or also known as the Arts District is a suburb of uptown Charlotte. Conveniently located 2 miles from uptown it is home to art galleries and various southern cuisine restaurants. People love living here for the old world charm it still has. An old textile mill area of is a thriving area of Charlotte. Below is the market trends over the past three years for the area from October 1st to September 30th.

3 years ago there were 45 homes that sold for an average sale price of $242,226. They were on the market for an average of 63 days.

2 years ago there was 23 homes that sold for an average of $239,226. They were on the market for an average of 161 days.

Last year there was 27 homes that sold for an average of $185,158. They were on the market for an average of 113 days.

Currently there are 29 homes actively on the market for an average asking price of $258,883. They have been on the market for an average of 188 days.

There are also 7 homes under contract. These homes have not closed yet. They have an average asking price of $258,000 and were on the market for an average of 125 days.

Based on the current market conditions inventory levels are still high in this area. A six month supply of inventory is considered to be a blanced market. Currently there is a little over a year supply. this bodes well for buyers in this area right now.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Conveniently or also known as the Arts District is a suburb of uptown Charlotte. Conveniently located 2 miles from uptown it is home to art galleries and various southern cuisine restaurants. People love living here for the old world charm it still has. An old textile mill area of is a thriving area of Charlotte. below is the market trends over the past three years for the area from August 1st to July 31st.

3 years ago there were 42 homes that sold for an average sale price of $239,738 and they were on the market for an average of 60 days.

2 years ago there was 31 homes that sold for an average sale price of $236,593. They were on the market for an average of 136 days.

Last year there were 26 homes that sold for an average of $197,641. They were on the market for 116 days.

Currently there are 33 active homes listed for sale at an average asking price of $266,071. These homes have been on the market for an average of 150 days.

In addition there are 5 homes currently under contract and they have been on the market for an average of 142 days. The asking price of those homes was $250,468.

Based on the availble inventory of homes and the 3 year average of homes sold; NoDa has a one year average of homes on the market. In a balanced market (one that favors neither the seller or the buyer) the optimal balance is a six month supply. The trend is showing that the market in this area of Charlotte still favors the buyer.

Conveniently or also known as the Arts District is a suburb of uptown Charlotte. Conveniently located 2 miles from uptown it is home to art galleries and various southern cuisine restaurants. People love living here for the old world charm it still has. An old textile mill area of is a thriving area of Charlotte. below is the market trends over the past three years for the area from July 1st to June 30th.

Three years ago there was 43 homes that sold for an average sale price of $246,806. They were on the market for an average of 67 days.

Two years ago there were 35 homes that sold for an average sale price of $236,040. They were on the market for an average of 126 days.

last year there was 24 homes that sold for an average of $195,027. they were on the market for an average of 114 days.

Currently there are 31 homes actively on the market right now with an average asking price of $244,810. they have been on the market for an average of 150 days. there are also 8 homes under contract pending to close. they have an average asking price of $220,000. they were on the market for an average of 105 days.

Based on the current inventory of homes with what has sold the Arts District (or more commonly referred to as NoDa) has approximately one year of inventory of homes. A balanced market is six months of inventory so the current inventory favors buyers....