Conveniently or also known as the Arts District is a suburb of uptown Charlotte. Conveniently 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 of is a thriving area of Charlotte. below is the market trends over the past three years for the area from July 1st to June 30th.
Three years ago there was 43 homes that sold for an average sale price of $246,806. They were on the market for an average of 67 days.
Two years ago there were 35 homes that sold for an average sale price of $236,040. They were on the market for an average of 126 days.
last year there was 24 homes that sold for an average of $195,027. they were on the market for an average of 114 days.
Currently there are 31 homes actively on the market right now with an average asking price of $244,810. they have been on the market for an average of 150 days. there are also 8 homes under contract pending to close. they have an average asking price of $220,000. they were on the market for an average of 105 days.
Based on the current inventory of homes with what has sold the Arts District (or more commonly referred to as NoDa) has approximately one year of inventory of homes. A balanced market is six months of inventory so the current inventory favors buyers....
Dave diCecco
Realtor/Broker
www.davedicecco.com
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