Providence Plantation NC Real Estate Market – September 2012

At the end of the 3rd quarter of 2012, the Providence Plantation NC real estate market has gone from a buyers market to a sellers market.  Just a year ago, Providence Plantation neighborhood in South Charlotte NC was a buyers market, with an absorption rate of 7.5 months.  Now, at the end of September 2012, the absorption rate is a robust 5.32 months, meaning this popular neighborhood is now in a sellers market.

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Providence Plantation NC Real Estate Market – Just What is “Absorption Rate?”

Absorption rate is an important real estate term that describes housing inventory.  The absorption rate tells us how many months it would take to sell off all of the existing inventory (homes currently for sale) at the current rate of sales, and assuming no new homes come on the market.  Providence Plantation’s current absorption rate of 5.32 months means that at the current rate of home sales in the neighborhood, it would take just over 5 months to sell all of the homes on the market.  A balanced real estate market between buyers and sellers is 6 months. An absorption rate over 6 months means it’s a buyers market, and an absorption rate under 6 months is considered a sellers market.

Providence Plantation NC Real Estate Market Absorption Rate

Why is the Absorption Rate Important?

For buyers, it is important to know the market absorption rate of a given area (neighborhood, school zone, zip code, or city) because if it is a buyers market, the buyer has more negotiating power because there’s more inventory available.  Sellers are competing for buyers and offers, which drives housing prices lower.

For sellers, the absorption rate reveals how long, on average, it will take to sell their home.  In a sellers market, there is less inventory, so buyers have less to choose from.  Homes that are in great condition can expect to get LOTS of activity, and possibly even multiple offers and a bidding war.  I have seen lots of multiple offers in South Charlotte since the spring – the real estate market in South Charlotte is definitely on the upswing!

Providence Plantation NC Real Estate Market Expert

If you are looking to buy or sell a home in Providence Plantation, I would be happy to meet with you to discuss your plans.  I have lived in Providence Plantation since 1998, and I’m proud to call this great neighborhood home!  I’ve listed and sold lots of homes in Providence Plantation, and I have a very successful marketing plan to get homes SOLD!  If you’ve read this blog post this far, you’re interested in Providence Plantation!  Let me show you around!

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Providence Plantation is one of South Charlotte’s most popular neighborhoods because of its beautiful homes, large lots, top-ranked public schools, and fantastic and friendly lifestyle!    This neighborhood is zoned for Providence Spring Elementary School, Crestdale Middle School, and Providence High School.   Residents enjoy a great location close to shopping, restaurants and sports and recreation activities, especially our own Providence Plantation Racquet and Swim Club.  So call today and let’s see how I can help YOU!

South Charlotte Real Estate Expert

South Charlotte NC is definitely a popular destination for people moving into the area.  You’ll find beautiful neighborhoods like Providence Plantation, and a thriving shopping, dining and recreation scene.  Some of Charlotte’s best public schools are located in South Charlotte!

I’m a South Charlotte Realtor® – I have lived in Providence Plantation since 1998, and it would be my pleasure to show you around Providence Plantation or other South Charlotte neighborhoods..  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!

Providence Plantation NC Real Estate Location

Read MORE About Providence Plantation

• Video of Providence Plantation in South Charlotte 
• Providence Plantation neighborhood
• Great Tennis and Swim Club in Providence Plantation
• My Providence Plantation home sales – Summer, 2012
• Stunning 5 Bedroom Estate home for sale in Providence Plantation
• Providence High School in Charlotte – 2nd Highest Graduation Rate in NC
• Providence High School in Charlotte – One of NC’s highest ranked schools
• Charlotte NC Area SAT Scores – 2012
• South Charlotte High Schools Rank High on Newsweek’s Best Public High Schools

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3020 Poplar Hill Road Charlotte, NC 28270

$1,799,000

5 Beds

4.5 Baths

-- SqFt

Status Active

MLS # 4165596

Property Type Single Family Residence

Price Type --

Spacious, beautiful, & well cared for ranch home nestled in the mature landscape of Providence Plantation includes a fully finished walkout basement with lofty ceilings. Cul-de-sac greets the home's driveway & 1.62 acre lot. Special features include: Monogram kitchen appliances; hardwood floors; solar panels; primary bedroom on main floor w/en suite bathroom & 2 custom walk-in closets; main floor Jack & Jill bedrooms; basement guest bedroom w/en suite bathroom; wood burning fireplace on each level; main level balcony & basement deck overlook the massive & peaceful backyard porch & wooded landscape; media room w/surround sound; sunroom overlooks the backyard porch; plantation shutters; installed surge protector; built in speakers in primary bathroom, dining room, living room, & family room; spacious storage room; smart toilets in all bathrooms; laundry room w/retractable drying rack; & built-in cabinetry in garage & 1 bedroom. Come see this impressive home and make it yours today!

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2510 Tulip Hill Drive Charlotte, NC 28270

$1,080,000

7 Beds

6 Baths

-- SqFt

Status Active

MLS # 4218486

Property Type Single Family Residence

Price Type --

Welcome to this exquisite 7-bedroom, 6-bathroom residence nestled in highly sought-after Providence Plantation. Stunning 2-story entry welcomes you into this home featuring a gourmet kitchen with premium appliances, custom cabinetry, and an island—perfect for entertaining. The light-filled great room boasts soaring ceilings and a cozy fireplace and the formal dining and living rooms provide refined spaces for hosting. The luxurious primary suite features a spa-like bathroom with heated floors, a soaking tub, and an oversized walk-in shower. The primary walk-in closet in this home is a luxury retreat, seamlessly expanded into a converted secondary bedroom to provide an abundance of storage and organization. The finished basement boasts a billiards area, a media space, and plenty of room for recreation. The 3rd floor offers another flex space with a full bath. Neighborhood offers mature trees, scenic streets, and easy access to top-rated schools, shopping, dining, & major highways.

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3711 Cheleys Ridge Lane Charlotte, NC 28270

Open House

$995,000

5 Beds

2.5 Baths

-- SqFt

Status Active

MLS # 4223763

Property Type Single Family Residence

Price Type --

Welcome to this stunning 5-bedroom, 2.5-bathroom home nestled on a cul-de-sac in the highly desirable Providence Plantation neighborhood. Recently updated with a freshly painted interior and beautifully refinished wood floors on the main level, this home is sure to impress. Enjoy the comfort of brand-new carpet in the secondary bedrooms, creating a cozy and inviting atmosphere. Step outside to your own private oasis! A screened-in porch leads to a gorgeous pool and hot tub, offering the perfect setting for relaxation and entertaining. The fenced-in yard provides both privacy and security, while the fire pit and outdoor lighting add a touch of warmth and charm to your outdoor space. Membership to Providence Plantation Racquet and Swim Club can be added separately, which includes tennis, pickleball land swimming. Learn more about the membership at https://pprsc-charlotte.clubexpress.com. Don’t miss out on the opportunity to make this beautiful home your own!

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5017 Celeste Court Charlotte, NC 28270

$800,000

3 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4203669

Property Type Single Family Residence

Price Type --

Welcome to a modern masterpiece in the highly sought-after Providence Plantation community! This meticulously cared-for home is located on a quiet cul-de-sac, offering privacy and convenience. Step outside to a backyard paradise featuring an in-ground pool, and cabana—perfect for relaxing or entertaining. Inside, the open and airy floor plan is designed to impress, with a stunning bio-fuel fireplace as the centerpiece, fresh LVP flooring, and a sleek kitchen complete with stainless steel appliances and an island. The main-level primary suite includes a private patio—ideal for morning coffee or evening relaxation. Above the garage, an additional bedroom and bathroom, loft, and a flex room provide versatile spaces perfect for weekend guests or a short-term rental opportunity. Move-in ready and packed with amenities, this home is a lifestyle and possible turnkey investment primed to attract vacationers and deliver rental income. Don’t miss your chance to own this standout property!

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2916 Redfield Drive Charlotte, NC 28270

$749,500

4 Beds

2.5 Baths

-- SqFt

Status Active

MLS # 4195086

Property Type Single Family Residence

Price Type --

OPEN HOUSE 1/11 cancelled due to weather. Beautiful 4 BR home in gorgeous Providence Plantation. Stucco on front of house is hard coat. Wood floors up and down, large formal rooms, plus a private office with french doors on main level. Kitchen with granite countertops and decorative tile back plash, SS appliances. Great room is vaulted and huge, with wood burning fireplace. Natural light absolutely floods into this home. Primary bedroom is on upper level with cathedral ceiling, updated bathroom with whirlpool, separate shower with frameless glass doors, beautiful custom cabinetry, and large walk in closet. There are three additional bedrooms up. One secondary bedroom can be used as a bonus room (20X22). The back yard is huge and completely level. Multi-level decks provide perfect outdoor entertaining space. Providence Plantation Racquet and Swim Club amenities with membership. More information at https://pprsc-charlotte.clubexpress.com.

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