Providence Woods South – Real Estate Market Report – 08/24/2013

Providence Woods South Charlotte NC Neighborhood Market Report

by Debe on August 25, 2013

in Charlotte Home Buyers,Charlotte Home Sellers,Charlotte Housing Market

How’s the Charlotte Real Estate Market Doing in Providence Woods South?

One of Charlotte area’s premier neighborhoods in the Weddington School Zone, Providence Woods South offers larger lot sizes and a variety of architectural design.  Dotted among the mature landscape, homes chock full of character are a major draw to this popular Charlotte NC neighborhood.

The market is doing quite well in the Providence Woods South community:

Average sales prices are up 9% year-over-year.

Providence Woods South Average Sales Price

List-to-sales price ratios are up to 93.7%

Providence Woods South List-to-Sales Price Ratio

Average price per square foot is up 7% to $107/heated square foot

Providence Woods South Average PPSF

And, remember that the real estate market operates on a supply and demand theory, with the absorption rate being your most reliable statistic to ascertain pricing on a home is accurate.  With regards to the absorption rate, 6 months of inventory is indicative of a balanced market.  Anything over 6 months is a buyers’ market and anything less than 6 months, means that sellers dictate their price.  The months of supply/inventory in the Providence Woods South community is currently 1.7, a ‘hot’ market for sellers!

Providence Woods South Home Inventory

© Debe Maxwell | Savvy + Company Real Estate | | | Providence Woods South – Real Estate Market Report – 08/24/2013

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The data relating to Charlotte NC Real Estate on this Web site derive from the Carolina Multiple Listing Services IDX datashare program. © 2022 Carolina Multiple Listing Services, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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