The University area of Charlotte is the area around the University of North Carolina Charlotte. Located in the northeastern end of Charlotte. A popular destination for young professionals and families. The area encompasses from Interstate 85 south to rocky river road and west to W.T. Harris Blvd and east to Cabarrus county line. All the homes in that area are within a five to ten minute ride of the Unviersity.
Below is a snapshot of the activity over the past three years in the area from June 1st through May 31st. This gives a good indication of where prices were and are going. As well it provides numbers of homes sold and days on market.
3 years ago there were 368 homes that sold for an average sale price of $170,024. They were on the market for an average of 46 days.
2 years ago there were 418 homes that sold for an average sale price of $145,566. They were on the market for an average of 79 days.
Last year there were 395 homes that sold for an average sale price of $139,058. They were on the market for an average of 98 days.
Currently there are 275 homes actively on the market right now. The average asking price of the homes on the market is $201,012 and they have been on the market for an average of 148 days.
There are 105 homes under contract right now that have not closed yet. The average asking price of thsoe homes was $135,644 and they were on the market for an average of 123 days.
Dave diCecco
Realtor/Broker
www.davedicecco.com
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