About Charlotte's Providence Plantation

The 24 successfully CLOSED home sales in Charlotte NC's Providence Plantation neighborhood over the past six months...

- had an Average Sales Price of $388,887 (range was $215,000 to $730,000)

- spent an Average of 101 Days on the Market (range was 13 days to 176 days)

- sold for an Average of 90.5% of the Original List Price, average of 95% of the Final List Price

- Seller Paid Closing Cost Contributions of $2,312 to $11,000 were included in 8 of the 24 recently closed Providence Plantation neighborhood home sales

88% of recent home sales have been Under $500k and that's also where the majority of Available homes for sale are priced.

Available Providence Plantation homes for sale are priced from the Upper $200s to just Over $1 million

The neighborhood real estate inventory was UP for the third straight month as of March 2012 after dropping slightly into the end of last year.

Providence Plantation currently has a 10.3 month supply of homes for sale - that's ABOVE balanced conditions and into home Buyer favored territory.

Even though inventory has been increasing, the neighborhood supply of homes for sale is still LOWER than it was at this time last year.

The available options for home Buyers to consider include Ranch, 1.5, 2 and 3 Story home styles (some with basements), 4 to 6 bedrooms and 2.5 to 6.5 baths, and home sizes ranging from around 2,600 square feet to more than 7,000 square feet of living space.

To view the neighborhood real estate listings (link updated daily) - Providence Plantation Homes for Sale

To view homes for sale in nearby Southeast Charlotte NC neighborhoods (links updated daily):

Benton Woods Neighborhood Homes for Sale in Charlotte NC

Beverly Crest Neighborhood Homes for Sale in Charlotte NC

Deerfield Creek Neighborhood Homes for Sale in Charlotte NC

Elizabeth Place Neighborhood Homes for Sale in Charlotte NC

Elizabeth Woods Neighborhood Homes for Sale in Charlotte NC

Hembstead Neighborhood Homes for Sale in Charlotte NC

Huntington Neighborhood Homes for Sale in Charlotte NC

Kellers Glen Neighborhood Homes for Sale in Charlotte NC

Lansdowne Neighborhood Homes for Sale in Charlotte NC

Providence Commons Neighborhood Homes for Sale in Charlotte NC

Stonehaven Neighborhood Homes for Sale in Charlotte NC

OR to enter your own home search criteria, NO registration required: Search Charlotte NC Area Homes for Sale

The Providence Plantation neighborhood in Charlotte NC is located between Providence Rd and Weddington Rd in Southeast Charlotte NC. Homes in the Providence Plantation neighborhood were built from the 1960's through the 2000's.

Conveniently located between the Arboretum and the Promenade on Providence shopping centers, the Providence Plantation neighborhood offers easy access to dining, entertainment and shopping amenities as well as access to I-485 and Providence Rd which leads to Uptown Charlotte NC.

There is also a Providence Plantation Racquet and Swim Club (membership fees apply and availability should be verified), located in this Southeast Charlotte NC neighborhood. For more info, visit their site - Racquet and Swim Club in Providence Plantation

Originally posted at: Charlotte NC Neighborhoods, Real Estate Market and Local Charlotte NC Information

Copyright©2012 by Diane McDermott, All Rights Reserved, “Providence Plantation Neighborhood in Charlotte NC, Recent Home Sales Activity and Real Estate Inventory Trend March 2012"

*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

------------------------------------------------------------------------------------------------------------------------------------

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC's real estate market serving neighborhoods in Charlotte NC

Search Charlotte NC Area Homes for Sale

The 41 available homes for sale in Charlotte NC's Providence Plantation neighborhood are priced from $299,900 to $1.1 million.

To view the neighborhood real estate listings (link updated daily) -
Providence Plantation Homes for Sale

Over the past month:
Active real estate listings are UP
Under Contract activity is DOWN (slightly)
Recently Sold activity is DOWN

The amount of Available homes for sale INcreased again into March 2012 (more choices for home Buyers) and is now nearly 60% of all neighborhood activity.

The pace of recently Sold activity continued to slow down and the Pending sales activity is still fairly Low at 6 homes Under Contract right now.

Real estate inventory for the neighborhood increased for the third month in a row and is ABOVE Balanced conditions as of March 2012 at a 10.3 month supply of homes for sale - that's BUYER favored territory.

The $300s and $400s have the highest amount of Available Providence Plantation homes for sale

Recently Sold activity has been highest from the $200s to the $400s

For the home sales report - Providence Plantation Neighborhood Recent Home Sales Activity March 2012

Under Contract (pending sales) homes are priced from the $200s to the $600s

To view homes for sale in nearby Southeast Charlotte NC neighborhoods (links updated daily):

Benton Woods Neighborhood Homes for Sale in Charlotte NC

Beverly Crest Neighborhood Homes for Sale in Charlotte NC

Deerfield Creek Neighborhood Homes for Sale in Charlotte NC

Elizabeth Place Neighborhood Homes for Sale in Charlotte NC

Elizabeth Woods Neighborhood Homes for Sale in Charlotte NC

Hembstead Neighborhood Homes for Sale in Charlotte NC

Huntington Neighborhood Homes for Sale in Charlotte NC

Kellers Glen Neighborhood Homes for Sale in Charlotte NC

Lansdowne Neighborhood Homes for Sale in Charlotte NC

Providence Commons Neighborhood Homes for Sale in Charlotte NC

Stonehaven Neighborhood Homes for Sale in Charlotte NC

OR to enter your own home search criteria, NO registration required: Search Charlotte NC Area Homes for Sale

The Providence Plantation neighborhood in Charlotte NC is located between Providence Rd and Weddington Rd in Southeast Charlotte NC. Homes in the Providence Plantation neighborhood were built from the 1960's through the 2000's.

Conveniently located between the Arboretum and the Promenade on Providence shopping centers, the Providence Plantation neighborhood offers easy access to dining, entertainment and shopping amenities as well as access to I-485 and Providence Rd which leads to Uptown Charlotte NC.

There is also a Providence Plantation Racquet and Swim Club (membership fees apply and availability should be verified), located in this Southeast Charlotte NC neighborhood. For more info, visit their website at The Racquet and Swim Club in Providence Plantation

Originally posted at: Charlotte NC Neighborhoods, Real Estate Market and Local Charlotte NC Information

Copyright©2012 by Diane McDermott, All Rights Reserved, “Providence Plantation Neighborhood in Charlotte NC, Real Estate Activity March 2012"

*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

------------------------------------------------------------------------------------------------------------------------------------

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC's real estate market serving neighborhoods in Charlotte NC

Search Charlotte NC Area Homes for Sale

Providence Plantation Real Estate Market Report for 2011

Providence Plantation in South Charlotte, NC is one of Charlotte’s most highly desired neighborhoods, and I write about it quite a bit because this is where I live! Despite the last few turbulent years in the real estate market in general, the Providence Plantation neighborhood remains a popular and sought-after neighborhood, and the real estate market report below supports it!

Why do buyers choose to buy a home for sale in Providence Plantation? There are lots of reasons, but most select this neighborhood because of its wide array of home styles and prices, its large lots with mature trees and landscaping, its top-ranked public schools, and it’s enjoyable Providence Plantation lifestyle!I have prepared my year-end Providence Plantation real estate market report for 2011 for your information and guidance. As you will see in the table below, the average sales price in Providence Plantation in 2011 was $425,000, which shows a market correction to about 2005 sales prices (much better than much of Charlotte and the nation!). The peak sales year for Providence Plantation in South Charlotte was 2007, when the average sales price was $491,000! The good news is that sales prices have begun to stabilize in the large neighborhood: the average sales price in 2011 was just 2% less than 2010, and 2010 was just .05% less than 2009. I am seeing the number of active homes for sale in Providence Plantation increase over the last few weeks as sellers prepare to take advantage of the typically robust spring selling season in Charlotte.

If you having been thinking of buying a home for sale in Providence Plantation, or if you need help and advice on listing your home for sale in Providence Plantation, I would be thrilled to help you! My family has called Providence Plantation “home” since 1998! My children attended award-winning Providence Spring Elementary School, Crestdale Middle School, and Providence High School, and my family and I have thoroughly enjoyed the awesome Providence Plantation Racquet and Swim Club (I play year-round tennis there!).

Providence Plantation Absorption Rate

You may have heard about absorption rates in real estate. Basically, the absorption rate measures how long it would take to sell all of the existing homes on the market, assuming no new homes come on the market. A balanced real estate market between buyers and sellers is about 6 months. If the rate is over 6 months, we have a buyers’ market; if it’s under 6 months, we have a sellers’ market. Check out my Providence Plantation absorption rate analysis below. This data indicates that the 3-month absorption rate in Providence Plantation is 10 months. However, we are just emerging from the slowest real estate period of the year (holidays and winter). I am already seeing increased showing activity in Providence Plantation, which generally leads to more contracts! My prediction is that we will have a balanced market in Providence Plantation by this summer!

Call me to get started on your home buying or selling journey! I'm a great listener and problem solver, and I would love to help you discover Charlotte neighborhoods, or provide you with some of the best marketing to get your home SOLD!

Search for homes for sale in Providence Plantation in South Charlotte NC

View Providence Plantation, South Charlotte, NC 28270 in a larger map

The 28 successfully CLOSED home sales in Charlotte NC's Providence Plantation neighborhood over the past six months...

- had an Average Sales Price of $410,083 (range was $243,000 to $889,000)

- spent an Average of 102 Days on the Market (range was 8 days to 190 days)

- sold for an Average of 91.5% of the Original List Price, average of 95% of the Final List Price

- Seller Paid Closing Cost Contributions of $250 to $11,000 were included in 12 of the 28 recently closed Providence Plantation neighborhood home sales

82% of recent home sales have been Under $500k with the $300s having the highest number of neighborhood homes SOLD.

Available Providence Plantation homes for sale are priced from the Upper $200s to just Over $1 million

The neighborhood real estate inventory was UP for the second straight month as of February 2012 after dropping slightly into the end of last year.

Providence Plantation currently has a 7.7 month supply of homes for sale - that's just above balanced conditions and slightly favoring home Buyers.

Compared to this time last year, the neighborhood real estate inventory is LOWER as of early 2012.

The available options for home Buyers to consider include 2 and 3 Story home styles (some with basements), 4 to 6 bedrooms and 2.5 to 6.5 baths, and home sizes ranging from around 2,300 square feet to more than 7,000 square feet of living space.

To view the neighborhood real estate listings (link updated daily) - Providence Plantation Homes for Sale

To view homes for sale in nearby Southeast Charlotte NC neighborhoods (links updated daily):

Benton Woods Neighborhood Homes for Sale in Charlotte NC

Beverly Crest Neighborhood Homes for Sale in Charlotte NC

Deerfield Creek Neighborhood Homes for Sale in Charlotte NC

Elizabeth Place Neighborhood Homes for Sale in Charlotte NC

Elizabeth Woods Neighborhood Homes for Sale in Charlotte NC

Hembstead Neighborhood Homes for Sale in Charlotte NC

Huntington Neighborhood Homes for Sale in Charlotte NC

Kellers Glen Neighborhood Homes for Sale in Charlotte NC

Lansdowne Neighborhood Homes for Sale in Charlotte NC

Providence Commons Neighborhood Homes for Sale in Charlotte NC

Stonehaven Neighborhood Homes for Sale in Charlotte NC

OR to enter your own home search criteria, NO registration required: Search Charlotte NC Area Homes for Sale

The Providence Plantation neighborhood in Charlotte NC is located between Providence Rd and Weddington Rd in Southeast Charlotte NC. Homes in the Providence Plantation neighborhood were built from the 1960's through the 2000's.

Conveniently located between the Arboretum and the Promenade on Providence shopping centers, the Providence Plantation neighborhood offers easy access to dining, entertainment and shopping amenities as well as access to I-485 and Providence Rd which leads to Uptown Charlotte NC.

There is also a Providence Plantation Racquet and Swim Club (membership fees apply and availability should be verified), located in this Southeast Charlotte NC neighborhood. For more info, visit their site - Racquet and Swim Club in Providence Plantation

Originally posted at: Charlotte NC Neighborhoods, Real Estate Market and Local Charlotte NC Information

Copyright©2012 by Diane McDermott, All Rights Reserved, “Providence Plantation Neighborhood in Charlotte NC, Recent Home Sales Activity and Real Estate Inventory Trend February 2012"

*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

------------------------------------------------------------------------------------------------------------------------------------

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC's real estate market serving neighborhoods in Charlotte NC

Search Charlotte NC Area Homes for Sale

The 36 available homes for sale in Charlotte NC's Providence Plantation neighborhood are priced from $269,900 to $1.1 million.

To view the neighborhood real estate listings (link updated daily) -
Providence Plantation Homes for Sale

Over the past month:
Active real estate listings are DOWN (Slightly)
Under Contract activity is UP
Recently Sold activity is DOWN

The amount of Available homes for sale was UP to over 50% of all neighborhood activity as of February 2012 and over the past month the biggest change was the DROP in Recently Sold activity in the neighborhood.

Real estate inventory for the neighborhood increased for the second month in a row to just ABOVE Balanced conditions as of February 2012 at a 7.7 month supply of homes for sale.

For the home sales and inventory report - Providence Plantation Neighborhood Recent Home Sales Activity and Real Estate Inventory Trend February 2012

The $300s have the highest amount of Available Providence Plantation homes for sale

Recently Sold activity has been highest from the $200s to the $400s

Almost ALL of the Under Contract homes are priced at the $300s and $400s

To view homes for sale in nearby Southeast Charlotte NC neighborhoods (links updated daily):

Benton Woods Neighborhood Homes for Sale in Charlotte NC

Beverly Crest Neighborhood Homes for Sale in Charlotte NC

Deerfield Creek Neighborhood Homes for Sale in Charlotte NC

Elizabeth Place Neighborhood Homes for Sale in Charlotte NC

Elizabeth Woods Neighborhood Homes for Sale in Charlotte NC

Hembstead Neighborhood Homes for Sale in Charlotte NC

Huntington Neighborhood Homes for Sale in Charlotte NC

Kellers Glen Neighborhood Homes for Sale in Charlotte NC

Lansdowne Neighborhood Homes for Sale in Charlotte NC

Providence Commons Neighborhood Homes for Sale in Charlotte NC

Stonehaven Neighborhood Homes for Sale in Charlotte NC

OR to enter your own home search criteria, NO registration required: Search Charlotte NC Area Homes for Sale

The Providence Plantation neighborhood in Charlotte NC is located between Providence Rd and Weddington Rd in Southeast Charlotte NC. Homes in the Providence Plantation neighborhood were built from the 1960's through the 2000's.

Conveniently located between the Arboretum and the Promenade on Providence shopping centers, the Providence Plantation neighborhood offers easy access to dining, entertainment and shopping amenities as well as access to I-485 and Providence Rd which leads to Uptown Charlotte NC.

There is also a Providence Plantation Racquet and Swim Club (membership fees apply and availability should be verified), located in this Southeast Charlotte NC neighborhood. For more info, visit their website at The Racquet and Swim Club in Providence Plantation

Originally posted at: Charlotte NC Neighborhoods, Real Estate Market and Local Charlotte NC Information

Copyright©2012 by Diane McDermott, All Rights Reserved, “Providence Plantation Neighborhood in Charlotte NC, Real Estate Activity February 2012"

*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

------------------------------------------------------------------------------------------------------------------------------------

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC's real estate market serving neighborhoods in Charlotte NC

Search Charlotte NC Area Homes for Sale