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
Showing posts with label university area charlotte. Show all posts
Showing posts with label university area charlotte. Show all posts
Saturday, June 18, 2011
Monday, May 16, 2011
Market Report: University Area Charlotte, NC. May 2011
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 are the market statitistics for the past three years for single family homes in that area from May 1st throguh April 30th.
3 years ago there were 379 homes sold for an average sale price of $154,684. The average days on market was 45 days.
2 years ago there were 378 homes that sold for an average sale price of $138,124. They were on the market for an average of 70 days.
Last year there were 360 homes that sold for an average sale price of $130,549. They were on the market for an average of 90 days.
Currently there are 285 single family homes actively on the market in the University area of Charlotte. The average asking price of those homes is $153,372. They have been on the market for an average of 114 days.
There also is 94 homes currently under contract in the area. This means that the homes have sold but are not yet closed.
Based on the the trends and availble inventory the market is favoring towards a buyers market in the unviersity area right now.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Below are the market statitistics for the past three years for single family homes in that area from May 1st throguh April 30th.
3 years ago there were 379 homes sold for an average sale price of $154,684. The average days on market was 45 days.
2 years ago there were 378 homes that sold for an average sale price of $138,124. They were on the market for an average of 70 days.
Last year there were 360 homes that sold for an average sale price of $130,549. They were on the market for an average of 90 days.
Currently there are 285 single family homes actively on the market in the University area of Charlotte. The average asking price of those homes is $153,372. They have been on the market for an average of 114 days.
There also is 94 homes currently under contract in the area. This means that the homes have sold but are not yet closed.
Based on the the trends and availble inventory the market is favoring towards a buyers market in the unviersity area right now.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Monday, April 11, 2011
Market Report--University Area Charlotte, NC. April 2011
The area in the Northeast side of Charlotte which is home to the University of North Carolina charlotte is known among local residentsa as the Unviersity area. It basically is an area that 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 are the market statistics for the area over the past three years. This is based on what has sold from April 1st through March 31st:
3 years ago there were 320 homes that sold for an average sale price of $153,223. they were on the market for an average of 44 days.
2 years ago there were 320 homes that sold for an average sale price of $140,086. They were on the market for an average of 64 days.
Last year there were 303 homes that sold for an average of $130,663. They were on the market for an average of 95 days.
Currently there are 222 homes actively on the market right now in that area. They are on the market for an average of $163,949. There is also 82 homes currently under contract in the same area.
That area becuase of it's large college prescence, it is home to many townhome/condo complexes. Below are the numbers for those during the same period.
3 years ago there were 138 townhomes/condos that sold for an average sale price of $102,330. they were on the market for an average of 47 days.
2 years ago there were 104 townhomes/condos that sold for an average of $90,578. They were on the market for an average of 72 days.
Last year there were 105 townhomes/condos that sold for an average of $79727. They were on the market for na average of 108 days.
Currently there are 91 townhomes./condos active in the market right now for an average price of $94,210 and 9 under contract.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Below are the market statistics for the area over the past three years. This is based on what has sold from April 1st through March 31st:
3 years ago there were 320 homes that sold for an average sale price of $153,223. they were on the market for an average of 44 days.
2 years ago there were 320 homes that sold for an average sale price of $140,086. They were on the market for an average of 64 days.
Last year there were 303 homes that sold for an average of $130,663. They were on the market for an average of 95 days.
Currently there are 222 homes actively on the market right now in that area. They are on the market for an average of $163,949. There is also 82 homes currently under contract in the same area.
That area becuase of it's large college prescence, it is home to many townhome/condo complexes. Below are the numbers for those during the same period.
3 years ago there were 138 townhomes/condos that sold for an average sale price of $102,330. they were on the market for an average of 47 days.
2 years ago there were 104 townhomes/condos that sold for an average of $90,578. They were on the market for an average of 72 days.
Last year there were 105 townhomes/condos that sold for an average of $79727. They were on the market for na average of 108 days.
Currently there are 91 townhomes./condos active in the market right now for an average price of $94,210 and 9 under contract.
Dave diCecco
Realtor/Broker
www.davedicecco.com
Friday, April 8, 2011
University Area Charlotte, NC.
A popular place among families moving to the area is known as the University area. It gets it's name from being home to University of North Carolina Charlotte. It is conviently located in the north east section of Charlotte. This area is known for it's excellent academic standards, UNCC has very strict entrance requirements and is one of a handful of state colleges that offers progrmas up to a Doctorate program. The school has been recognized as a top academic university by major publications for years. Thus, this does not make it your typical college town.
The uniersity area offers a lot for a wide array of interests. It is located within a fifteen minute ride of Lowe's motor speedway. In addition there is the concord mills mall (the number one attraction center in North Carolina) only about fifteen minutes away. UNCC offers a wide array of arts for all tastes from broadway type production plays, art galleries, to divison one sports on campus.
It's close proximity to uptown and easy access make it a popular destination as well. With interstate 85 running through the area and 485 loop being completed in the area the University area makes getting around Charlotte and the surrounding areas convient. As well as having a major throroughway that leads you straigh into uptown Charlotte. Doing the ride the other day durng lunch hour took me 20 minutes to get to the center of uptown (very reasonable considering the time of day).
Schools in the University area are part of Charlotte Mecklenburg Schools. You can visit www.cms.k12.nc.us to find out which school is located in your area. Because of the growth of the area the University area is home to a few different schools depending on where you live.
With the area growing as much as it has in the past few years; the city has grown with the growth to the area. Bike trails along the roads are very common in that area and it is considered a walkable friendly area of Charlotte.
Homes in this area tend to be of single family 3+ bedrooms. The closer you are to the UNCC campus you will find more condos and townhomes. But as you venutre outside the immediate area of the Unviersity you will find the neighborhoods to be surburban middle class areas. Homes and condo prices in this area range from the $50,000 range all the way up to $675,000.
University area has a lot to offer ranging from affordable housing to a variety of activities within a short commute and easy access to uptown. With all the offerings the area has it is easy to see why the area is fast becoming a popular destiantion among families and young professionals...
Dave diCecco
Realtor/Broker
www.davedicecco.com
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