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 August 1st to July 31st.
3 years ago there were 42 homes that sold for an average sale price of $239,738 and they were on the market for an average of 60 days.
2 years ago there was 31 homes that sold for an average sale price of $236,593. They were on the market for an average of 136 days.
Last year there were 26 homes that sold for an average of $197,641. They were on the market for 116 days.
Currently there are 33 active homes listed for sale at an average asking price of $266,071. These homes have been on the market for an average of 150 days.
In addition there are 5 homes currently under contract and they have been on the market for an average of 142 days. The asking price of those homes was $250,468.
Based on the availble inventory of homes and the 3 year average of homes sold; NoDa has a one year average of homes on the market. In a balanced market (one that favors neither the seller or the buyer) the optimal balance is a six month supply. The trend is showing that the market in this area of Charlotte still favors the buyer.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Showing posts with label noda arts district of charlotte. Show all posts
Showing posts with label noda arts district of charlotte. Show all posts
Tuesday, August 23, 2011
Friday, July 22, 2011
NoDa/The Arts District---Market Report July 2011
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
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
Tuesday, April 5, 2011
NoDa--The Arts Distrcit Charlotte, NC. Market Report April 2011
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
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
Monday, April 4, 2011
NoDa Historic Arts District Area Of Charlotte
Last week I talked about moving to Charlotte area and places to live. I discussed that there are many options availble to people based on a variety of factors and price ranges. Today, I decided to talk about one of the areas. I happened to be driving through there the other day and almost forgot about the great beauty it has to offer.
NoDa, or otherwiase known as the historic arts district, is a quaint little place located only a few minutes from uptown. Homes located here tend to be of older design and build. Most are bulit during the war times. As this area of Charlotte was a large textile mill area originally. Those homes housed the workers. Those same old textile mills have now been transformed into gorgeous apartments, and art galleries.
This area gives homeowners the quick and easy convience to uptown Charlotte with the rural feeling. Homes here tend to be of older construction and design. Recent renvoations to homes in the area has specialized in restoring the homes to their old world charm while offering the latest in modern construction and efficiency.
NoDa gets it's name from the street it centers on (North Davidson). It is known for it's art galleries, unique cuisine of food and performance venues. If you stop by on the first and thrid friday of the month you can take part in the art crawl from 6:30p.m. to 9:00p.m. and join hundreds of other patrons viewing the creative side of NoDa.
Or you can do as I did the other day and enjoy a nice sunday afternoon strolling through the arts area and then sitting down at one of the outside cafe's and enjoying a drink and some good southern food...
Homes in NoDa range from $79,900 to $399,900. A lot depends on the condition of the home and whether the home has been updated or not... It's convience to uptown with it's historic art flair has made Noda a very popular place and helped it maintain it's home values over the years.
For more information on NoDa and all the happenigns going on there visit there website at www.noda.org .
Dave diCecco
Realtor/Broker
www.davedicecco.com
Subscribe to:
Posts (Atom)