As we close out 2012, I am pleased to share my Providence Plantation Real Estate Market Report for 2012. Providence Plantation, one of South Charlotte’s most sought-after neighborhoods has rebounded from the real estate market crisis that impacted neighborhoods nationwide. My own anecdotal data from listing and selling homes in Providence Plantation reinforces my belief that homebuyers continue to seek the convenient and popular lifestyle available in the neighborhood. I had two listings this summer that went under contract in less than two weeks, and I had the highest sale in Providence Plantation in 4 years!
Providence Plantation Real Estate Market Report – Facts for 2012
The average sales price in Providence Plantation for 2012 was roughly $422,000, down .8% from 2011. If not for the last 2 months of the year (the typical slow real estate months) I think 2012 would have recorded a gain from 2011.
68 homes were sold in Providence Plantation in 2012, an increase of 2 homes from 2011
The average price per square foot was $114, up from $113 in 2011.
Sellers got an average of 95% of their asking price
Sales prices ranged from a low of $191,200 to a high of $986,500
The top selling months were May (4 homes), June (12), August (12) and October (9)
Average sales price was the highest in the month of August, at $486,011
Providence Plantation home prices have fallen to near 2005 levels (a lot better than many neighborhoods in Charlotte!)
Providence Plantation Real Estate Market Report – Forecast for 2013
I’m very excited about the real estate market for Providence Plantation in 2013. As of this writing in January of 2013, our inventory of homes for sale in the neighborhood is at an all-time low, at just 26 homes for sale. Once more homes are listed for sale in Providence Plantation during the hot spring real estate market, I anticipate that both the number of sales AND sales prices will go up. With an improving economy, and historically low mortgage interest rates that greatly increase a buyer’s purchasing power, more buyers can afford to live in Providence Plantation. Since the neighborhood enjoys some of the best public schools in Charlotte, a convenient location, an active swim and tennis club, and a thriving social scene and lifestyle (activities and clubs that bring the community together), I predict a ROBUST real estate market in Providence Plantation in 2013!
Providence Plantation Real Estate Market Report – Location
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!
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.
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!
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!
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.
If you’re looking for an experienced Realtor who REALLY knows Providence Plantation real estate to help you with buying or selling in the neighborhood, please give me a call. I’ve lived in Providence Plantation since 1998, and I focus my business on this and other South Charlotte neighborhoods. My three kids all attended the great public schools zoned for Providence Plantation – Providence Spring Elementary School, Crestdale Middle School, and Providence High School. Our whole family has thoroughly enjoyed our membership in the Providence Plantation Racquet and Swim Club. I’d love to hear how I can help you with your real estate needs, and I look forward to hearing from you! Call or text me at 704-654-9700, email me, and/or visit my website for more information and South Charlotte home searches!