NoDa or also known as the Arts District is a suburb of uptown Charlotte. Conviently located 2 miles from uptown it is home to art galleries and various southern cuisine restaurants. People love living here for the old world charm it still has. An old textile mill area NoDa is a thriving area of Charlotte. below is the market trends over the past three years for the area:
3 years ago there were 42 homes sold. they sold for an avewrage of $259,376 and were on the market for an average of 62 days.
2 years ago there were 42 homes that sold for an average of $242,268. They were on the market for an average of 113 days.
Last year there were 20 homes that sold for an average of $221,245. they were on the market for an average of 113 days.
Currently there are 33 homes actively on the market in the Arts District with an average sale price of $250,350.
The trends show homes decreasing in value. However; since January there have been 4 closed transactions for an average sale price of $259,875. In addition there are currently 11 homes in the arts distrcit under contract right now.
Dave diCecco
Realtor/Broker
www.davedicecco.com
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