Providence High School Area Real Estate Market Report for

2011

The real estate market in the Providence High School zone in South Charlotte, NC continues to out-perform other real estate markets in the Charlotte region. Providence High School consistently ranks higher than any other Charlotte high school, in both SAT scores and end-of-course test scores. Because of Providence High School's strong reputation as an academic powerhouse in the region, homes for sale in the Providence High School zone continue to attract home buyers who want to send their children to the best public schools.

Currently there are 153 homes for sale in the Providence High School zone in South Charlotte, NC. Additionally, there are 45 homes under contract as of today, which bodes well for the recovering market.

Search for homes for sale in Providence High School Zone in Charlotte NC

2011 Providence High School Real Estate Market

The 2011 Providence High School real estate market shows that the market has steadied somewhat from last year. Although the average sales price decreased by a slight 2.38% from last, the number of sales increased by 22% over last year. Obviously, there is a pent-up demand for homes for sale in the Providence High School zone! The following pie chart shows the breakdown of sales prices for Providence High School homes in 2011. The average sales price in 2011 was $355,142.

Absorption Rate in Providence High School Zone

The "absorption rate" is a key piece of data in helping us understand the real estate market. The absorption rate tells us how long it will take to sell all of the existing homes on the market, assuming no new homes are listed. A balanced market between buyers and sellers is 6 months. In the Providence High School real estate market, we are seeing a current 3-month absorption rate of 7.9 months, meaning it's currently a buyer's market. However, the 6 month absorption rate was 6 months, and the 12-month absorption rate was 5.6 months! I think the current higher absorption rate is due to the fact that we have just come through the holidays and the slowest market time of the year. Get ready for a roller coaster ride this spring!

5 Year Market Trend in the Providence High School Area

A look at the 5-year market trend in the Providence High School real estate market reveals that sales prices have reverted back to nearly 2005 levels. Much of the national real estate market has reverted back to 2003 levels. The Providence High School area peaked in 2007 at $403,000 and reached its low point in 2009 at $345,000. The spike in 2010 is due to the home buyer tax credit that spurred many reluctant home buyers to get into the market.

Great Neighborhoods in the Providence High School District

There are lots of awesome neighborhoods in the the Providence High School district. Below are links to searches for homes for sale in those neighborhoods:

• Providence Plantation - List prices from $269,000 to $895,000+
• Berkeley - List prices from $229,000 (town home) to $425,000+
• Hembstead - List prices from $385,000 - $800,000+
• Beverly Crest - List prices from $250,000 - $400,000+
• Hearthstone - List prices from $210,000 - $300,000+
• Deerfield Creek - List prices from $500,000 +
• Raintree - List prices from $175,000 - $400,000+
• Lost Tree - List prices from $550,000 - $850,000+
• Bailewick- List prices from $550,000+
• St. George Place - List prices from $400,000+
• Settler's Landing - List prices from $150,000 - $200,000+
• Willowmere - List prices from $150,000 - $250,000+
• Sardis Mill and Sardis Plantation - List prices from $250,000 - $400,000+
• Providence Arbours and Providence Heights - $325,000 - $475,000+
• Coachman Ridge and Sardis Grove - List prices from $250,000 - $525,000+

Providence High School Area Real Estate Expert

Buying or selling real estate in South Charlotte NC is really about lifestyle choices - finding the best neighborhood, home, school, and location to fit your family’s lifestyle. I live in the Providence High School zone, and my 3 children went there (2 have graduated from Providence, and one is currently in 10th grade). If you are looking for a Realtor who really knows the school system and can provide guidance on the best options for your child, then give me a call! I think it's so important for you to partner with a Realtor® who will really listen to your needs and goals and who will work tirelessly until your transaction is complete.

Whether you are thinking about selling your South Charlotte home, or would like to buy a home in the Providence High School area of South Charlotte, I look forward to showing you why I’m not your ordinary Realtor! I use cutting-edge technology to market my listings and to attract home buyers who want that South Charlotte lifestyle!

Let me put my knowledge and experience to work for YOU! For more information on how I can best serve you, please fill out the online contact form or call, text, or email me.

Melissa Brown, ABR, SFR

Helen Adams Realty

704-654-9700

Melissa@MelissaBrownHomes.com

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Providence High School in South Charlotte NC Gets Highest SAT Scores in 2011!

Once again, Providence High School in South Charlotte, NC led ALL Charlotte region public high schools on 2011 SAT scores! Consistently an academic powerhouse, Providence High School in South Charlotte is obviously preparing its students for college and beyond. With a cumulative score of 1693 (math + reading + writing) Providence High School topped all public high schools in Charlotte-Mecklenburg Schools (CMS), Union County Schools, and other county systems in the Charlotte region. To maintain this top-ranked public school in Charlotte status year in and year out is quite a feat! (See table of Charlotte NC SAT scores below)

Providence High School's SAT scores in 2011 exceeded the national SAT average of 1500 by 193 points, and the the North Carolina SAT average of of 1475 by 218 points! The average CMS SAT score was 1482, and the average Union County Schools score was 1518. The College Board reported a decline in scores nationally, and this decline was reflected slightly in CMS and state scores. Click here to see a list of SAT scores for all NC public high schools in 2011 (scroll to bottom of news release and click on Excel document link).

South Charlotte high school students consistently outranked their peers on SAT scores in the Charlotte region, with al six South Charlotte High Schools ranking in the top 10 public schools in the Charlotte region. This high performance on SAT's mirrors the South Charlotte high schools high performance on 2011 end-of-course exams. Here's how the 6 South Charlotte high schools fared on the 2011 SAT's:

• Providence High School (#1)
• Myers Park High School (#2)
• Ardrey Kell High School (#4)
• South Mecklenburg High School (#6)
• Butler High School (Matthews) (#7)
• East Mecklenburg High School (#10)
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Want to search for homes for sale in the top-ranked Providence High School district?

Today's savvy home buyers understand that being zoned for a city's top-ranked public high school not only helps their children receive the best education possible, it helps protect their home value as well. Families always want to live in good school districts! If you are relocating to Charlotte and would like to focus on homes for sale in South Charlotte, please call, text or email me. I've had 3 kids at Providence High School in South Charlotte, so I can answer a lot of your questions. I understand how important it is for families to find a great home in a top school district - let me help YOU find the right home for YOUR family!

Popular Communities in Providence High School Zone

Included in Newsweek’s Top 100 High Schools in America, this prestigious high school has been an award-winning school nearly from its inception. Providence High School offers a disciplined course of study with multiple levels of learning opportunities for its students and one of Charlotte’s most rigorous Advanced Placement and Honors courses. Nearly 98 % of all Providence students enrolled in AP courses, and over 80% of those students receive college credit for those courses. SAT scores are also high with the average score of Providence students is 1151, while the national average is 1016 and the state average is 1006.

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Providence High School in Charlotte NC Makes Newsweek's Best American High Schools list in 2011!

Congratulations to Providence High School in Charlotte, NC for ranking 186th on Newsweeks Best American High Schools list in 2011! It isn't easy out-ranking some of our nation's finest high schools, but Providence High School in Charlotte NC stood out among 10,000 public high schools in Newsweek's annual assessment of academic success.

Against a backdrop of severe budget constraints in most of our nation's school districts, to maintain rigorous standards and consistently produce well-prepared and well-rounded graduates is quite a feat, and Providence High School in Charlotte NC proved once again that it stands above other high schools in the Charlotte-Mecklenburg Schools (CMS) system. The only other CMS high school to make the top 500 list was Myers Park High School, ranked at #439.

Newsweek revamped its methodology for this year's ranking of America's Best Public High Schools. Each school in the pool of 10,000 top US high schools was ranked on the following components (the weight of each component is in parentheses):

• Four-year, on-time graduation rate (25%)
• Percent of 2010 graduates who enrolled immediately in college (25%)
• AP/IB/AICE tests per graduate (25%)
• Average SAT and/or ACT score (10%)
• Average AP/IB/AICE courses offered per graduate (10%)

Homes for Sale in Providence High School Zone - May 2011 Market Report

Homes for sale in the Providence High School zone continue to hold steady in value in May, 2011, with only minimal decreases in average sales price and number of closings from May of last year. The average list price this May was $395,669, a .47% decrease from the average list price last May. More importantly, average sales prices for homes zoned for Providence High School decreased by only .6% from sales prices a year ago, and increased a significant 8.78% from just last month (April, 2011). The list-to-sales price ratio remains steady year over year at 95%!

The number of closings for homes for sale in the Providence High School district, was down significantly this May over last May, a decrease of 21%. This steep reduction is likely due to the expiration of the first-time home buyer tax credit last year, as buyers rushed to go under contract before the tax credit expired on April 30, 2010.

A positive indicator of future performance of homes for sale in the Providence High School zone is that 61 homes are currently under contract!

Click here to search for homes for sale in the Providence High School district, and contact me when you're ready to start looking at these great homes! Providence High School has long been a leading high school, not only in Charlotte, but in North Carolina as well, and homes located in this school zone will alway be sought after. I look forward to helping you and your family find the right home!