Diane McDermott, Real Estate Broker, Charlotte NC

Looking at the Chart above, the busiest months for closed sales in Olde Providence for the past year have been in the spring and summer months but activity has not been stagnant even in other seasons.
The Average Sales Pricesince January 2007 in the Olde Providence neighborhood was $265,700
Average Days on Market was 47
Average Square footage was 2046
Looking at how sales prices compared to list prices, the Average Sales Price/List Price was 97% so the closed listings sold for quite close to their list prices.

Of course, all of this data is simply a general analysis and is just a snapshot of the market activity for Olde Providence since January of 2007. This is not a market analysis, which requires much more in depth analysis and application of the market data to a given property.
For any questions or additional information, we're just an e-mail or call away!

Diane McDermott
Real Estate Broker, REALTOR®
www.e2realestateteam.com
Diane@southcharlottespecialist.com
704-516-3691
e2 Real Estate Team, Banks Calkins Real Estate Inc.
"Exceeding Expectations"
*Statistics based on data from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.

OLDE PROVIDENCE MARKET ACTIVITY AS OF 2.6.08

Olde Providence is located in the heart of South Charlotte, convenient to South Park, the Arboretum, and I-485. Tree-lined streets that wind gracefully through the neighborhood, mature landscaping and houses with generous property sizes make this neighborhood a hidden gem. The majority of homes were built in the 1960's and into the 1970's and many have been beautifully renovated and updated.
Current active listings in Olde Providence range in price from $225,000 to $370,000. Home styles include ranches, split levels and two story homes.
For more information or detailed current listing information, we're only an e-mail or call away!

Diane McDermott
Real Estate Broker, REALTOR®
www.e2realestateteam.com
Diane@southcharlottespecialist.com
704-516-3691
e2 Real Estate Team, Banks Calkins Real Estate Inc.
"Exceeding Expectations"

*Statistics based on data from Carolina Multiple Listing Service Inc. as of 2.6.08. Information deemed reliable but not guaranteed.

Here's a snapshot of the January 2008 Single Family listing activity for Charlotte and Mecklenburg County:

Average days on market for Sold Listings: 78.
New Listings: 2453
Listings Under Contract: 1002
Listings SOLD: 673
Average Percentage of Sale Price/List Price: 96.52%
Average Sales Price: $228,127

While fewer sales were recorded in January as compared to December's total of 825 closed sales, the forward looking "under contract" index was up in January, with 1,002 as compared to 832 for December 2007. So there may very well be some listings that went under contract in December and just haven't reached closing as of the end of January.

The relationship between sales price and list price was a fairly narrow range at 94.73% for Area 8 (West Charlotte/Mecklenburg) to 97.46% for Area 6 (South/Southwest Charlotte/Mecklenburg)

*Statistics based on information from Carolina Multiple Listing Service, Inc. for the period January 2008, MLS areas 1-9. Deemed reliable but not guaranteed.

Diane McDermott
Real Estate Broker, REALTOR®
www.e2realestateteam.com
e2 Real Estate Team, Banks Calkins Real Estate Inc.
"Exceeding Expectations"

Just a few thoughts, and yes these are my personal opinion!

For buyers looking to purchase during the winter months, the weather can sometimes be inconvenient but there is an upside to house shopping this time of year.
-With leaves off the trees, you can see the yard in its most exposed state. This means that you have a firsthand look at how private (or exposed) the property is to neighbors. Privacy's a big deal to some buyers!
-Less competition from other home buyers. Notice I didn't say no competition, I said less. Spring and summer are typically busier for both listings and buyers, and while that means more market activity, it also means more buyers looking at the same house you're considering.
-If you like the way the house and property present during winter, chances are you'll like it even better in spring/summer/fall. Winter here in Charlotte means dormant trees and vegetation, and depending on the type of grass, brown lawns. We don't usually have a blanket of snow cover to add appeal to the landscape so this season really is the most dull as far as aesthetics go.
-With shorter days and less Northern sunlight, you'll get to see if rooms are noticeably darker on any side of the house. While some people like darker rooms that get less sunlight, some others prefer more natural light. Either way, during winter you have the chance to see if any rooms really do seem to receive less natural light just based on the seasonally lower degree of the sun.
-This one really is my own opinion: Moving is a bit easier when it's not nearly 100 degrees outside! I just moved in October (you'd think it would've cooled off!) and of course it was around 90 degrees that day...NOT fun!
-Houses that are currently on the market generally aren't "testing" the market. Homeowners know it's prettier and busier to list in spring/summer, so if a homeowner lists during winter months it usually is because they genuinely want or need to sell.

So if you're ready to make a move, and think this isn't a great time to find that perfect house, just wanted to share some things to consider.

Diane McDermott
Real Estate Broker, REALTOR®
www.e2realestateteam.com
e2 Real Estate Team, Banks Calkins R.E. Inc.
"Exceeding Expectations"