Providence High School Charlotte NC 2011 Real Estate Market Report

My Providence High School Charlotte NC 2011 Real Estate Market Report shows that home values in this school zone continue to out-perform other real estate markets in the Charlotte region.  Providence High School consistently ranks higher than any other Charlotte high school, in both SAT scores and end-of-course test scores.  Because of Providence High School’s strong reputation as an academic powerhouse in the region, homes for sale in the Providence High School zone continue to attract home buyers who want to send their children to the best public schools.

Currently there are 153 homes for sale in the Providence High School zone in South Charlotte, NC.  Additionally, there are 45 homes under contract as of today, which bodes well for the recovering market

Search for homes for sale in Providence High School Zone in Charlotte NC

Providence High School Charlotte NC 2011 Real Estate Market Report

My Providence High School real estate market report 2011 shows that the market has steadied somewhat from last year.  Although the average sales price decreased by a slight 2.38% from last, the number of sales increased by 22% over last year.  Obviously, there is a pent-up demand for homes for sale in the Providence High School zone!  The following pie chart shows the breakdown of sales prices for Providence High School homes in 2011.  The average sales price in 2011 was $355,142.

Providence High School Charlotte NC 2011 Real Estate Market Report – Absorption Rate

The “absorption rate” is a key piece of data in helping us understand the real estate market.  The absorption rate tells us how long it will take to sell all of the existing homes on the market, assuming no new homes are listed.  A balanced market between buyers and sellers is 6 months.  In the Providence High School real estate market, we are seeing a current 3-month absorption rate of 7.9 months, meaning it’s currently a buyer’s market.  However, the 6 month absorption rate was 6 months, and the 12-month absorption rate was 5.6 months!  I think the current higher absorption rate is due to the fact that we have just come through the holidays and the slowest market time of the year.  Get ready for a roller coaster ride this spring!

Providence HighSchool Charlotte NC 2011 Real Estate Market Report – 5 Year Trend

A look at the 5-year market trend in the Providence High School real estate market in 2011 reveals that sales prices have reverted back to nearly 2005 levels.  Much of the national real estate market has reverted back to 2003 levels.  The Providence High School area peaked in 2007 at $403,000 and reached its low point in 2009 at $345,000.  The spike in 2010 is due to the home buyer tax credit that spurred many reluctant home buyers to get into the market.

 Great Neighborhoods in the Providence High School District

There are lots of awesome neighborhoods in the the Providence High School district.  Below are links to searches for homes for sale in those neighborhoods:

• Providence Plantation – List prices from $269,000 to $895,000+
• Berkeley – List prices from $229,000 (town home) to $425,000+
• Hembstead – List prices from $385,000 – $800,000+
• Beverly Crest – List prices from $275,000 – $400,000+
• Hearthstone – List prices from $210,000 – $300,000+
• Deerfield Creek – List prices from $450,000 +
• Raintree – List prices from $175,000 – $400,000+
• Lost Tree – List prices from $550,000 – $850,000+
• Bailewick– List prices from $550,000+
• St. George Place – List prices from $400,000+
• Settler’s Landing – List prices from $150,000 – $200,000+
• Willowmere – List prices from $150,000 – $250,000+
• Sardis Mill and Sardis Plantation – List prices from $250,000 – $400,000+
• Providence Arbours – List prices from $325,000+

Providence High School Area Real Estate Expert

The Providence High School area is definitely a popular destination for people moving into the area.  You’ll find beautiful neighborhoods and gorgeous homes, a thriving shopping, dining and recreation scene, and of course Providence High School, one of the top-ranked public high schools in North Carolina!

I’m a South Charlotte Realtor® – My kids all went to Providence High School, and it would be my pleasure to show you around some of the beautiful neighborhoods that are zoned for Providence.  If you are thinking about selling your South Charlotte home, I would love to share my 21-point marketing plan that combines new technology with good old hard work!  If you’re looking to buy a home in South Charlotte, please contact me so we can talk about finding the best home and neighborhood for YOU!

Come have a chat with me at our brand new Savvy + Co. Real Estate office in the heart of Ballantyne Village.  You’ll soon find out why Savvy just “gets it!”  We combine smart real estate with nice people, and what you get is an AWESOME real estate experience!  I look forward to hearing from you!