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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 Comparison
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?
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*
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Providence Downs South in Marvin NC—2010 Real Estate Market Update
Providence Downs South is gated community of luxury custom-built homes in the Marvin NC area. Homes in Providence Downs South have European styling with beautiful exteriors of brick, stone and stucco. The neighborhood’s upscale homes are set on half acre to one acre lots. A resort-style amenity center serves residents. Shopping and restaurants are conveniently located nearby at Blakeney along Rea Road and at Ballantyne Village.
How did the 2010 real estate market in Providence Downs South compare with the 2009 market in the neighborhood? The table below shows median values for several characteristics of the marketplace. The number of homes sold increased 26% in 2010 with 29 sales. Median prices increased 7.1% while the median square footage increased by 10.9%. Median days on market tripled while the list-to-sale ratio increased slightly.
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% |
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 | 12 | 41.3% |
| New Construction | n/a | n/a |
| Foreclosure | 13 | 44.8% |
| Short Sale | 4 | 13.9% |
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—2010 Real Estate Market Update*
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Providence Downs South in Marvin NC—Homes for Sale and Neighborhood Profile
Providence Downs South near Marvin NC is a luxury gated community where you can find custom-built homes with European styling. Brick, stone and stucco beautify the exteriors of these homes. Interiors are lavish with extensive millwork, upgraded finishes and floor coverings. Providence Downs South homes are set on wooded half acre to one acre lots. Many of the lots will accommodate basement homes.
Behind its beautiful gates, Providence Downs South includes a resort-style amenity center with a clubhouse and swimming pool, tennis courts and playground. The neighborhood is located in unincorporated Union County near Marvin NC. It is just a few miles from the Rea Road corridor with its shopping and entertaining complexes at Blakeney and Stonecrest. An interchange with I-485 can be found here as well providing easy access to Charlotte NC’s workplaces.
Construction began in 2004 in Providence Downs South. Lots are still available in the neighborhood for custom building. Homes range in size from 4500 square feet to over 9000 square feet.
Providence Downs South Community Features
Community Amenities: Providence Downs South Homeowners Association, gated community, clubhouse, swimming pool, tennis courts, playground, recreation area
Builders: Multiple custom home builders
Schools: Marvin Elementary, Marvin Ridge Middle, Marvin Ridge High. School assignments are subject to change. Check with the Union County Public Schools for current school assignments.
Providence Downs South Real Estate Market Update
January to December 2009
Single Family Homes
Homes Sold: 23 homes
Prices: $540,000 to $1,451,500 Average Sales Price: $770,227
Average Square Feet: 6550
Average Days on Market: 127
Source: Carolina Multiple Listing Service
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 2010. Carol Fox. Allen Tate Realtors. *Providence Downs South in Marvin NC—Homes for Sale and Neighborhood Profile*
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