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 from June 1st to May 31st.
3 years ago there were 48 homes that sold for an average sale price of $253,799. They were on the market for an average of 65 days.
2 years ago there were 36 homes that sold for an average of $236,233. they were on the market for an average of 125 days.
Last year there were 23 homes that sold for an average of $199,643. They were on the market for an average of 124 days.
Currently there are 31 homes actively listed on the marekt. Those homes on the market right now are on for an average of $246,642 and 145 days on the market.
There is also 8 homes currently under contract. Those homes were lsited for an average of $188,742 and were on the market for only 83 days.
Based on the what economists call a balanced market ( six months of inventory) the market still favors a buyer. However; an interesting trend is that homes that are priced correctly are selling almost twice as fast as homes that are not.
Dave diCecco
Realtor/Broker
www.davedicecco.com
No comments:
Post a Comment