Providence Plantation Real Estate Market Summary 2011

My Providence Plantation Real Estate Market Summary 2011 shows that despite the last few turbulent years,  Providence Plantation in South Charlotte, NC remains one of Charlotte’s most highly desired neighborhoods!  Buyers choose to buy a home for sale in Providence Plantation for lots of reasons, but most select this neighborhood because of its wide array of home styles and prices, its large lots with mature trees and landscaping, its top-ranked public schools, and it’s enjoyable Providence Plantation lifestyle!

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If you having been thinking of buying a home in Providence Plantation, or if you need help and advice on listing your home for sale in Providence Plantation, I would be thrilled to help you!  My family has called Providence Plantation “home” since 1998!  My children attended award-winning Providence Spring Elementary School, Crestdale Middle School, and Providence High School, and my family and I have thoroughly enjoyed the awesome Providence Plantation Racquet and Swim Club (I play year-round tennis there!).

Providence Plantation Real Estate Market Summary 2011

I have prepared my year-end Providence Plantation real estate market report for 2011 for your information and guidance.  As you will see in the table below, the average sales price in Providence Plantation in 2011 was $425,000, which shows a market correction to about 2005 sales prices (much better than much of Charlotte and the nation!).  The peak sales year for Providence Plantation in South Charlotte was 2007, when the average sales price was $491,000!  The good news is that sales prices have begun to stabilize in the large neighborhood:  the average sales price in 2011 was just 2% less than 2010, and 2010 was just .05% less than 2009.  I am seeing the number of active homes for sale in Providence Plantation increase over the last few weeks as sellers prepare to take advantage of the typically robust spring selling season in Charlotte.

Providence Plantation Real Estate Market Summary 2011 – Absorption Rate

You may have heard about the latest statistical method to measure the health of the real estate market, called the absorption rate.  Basically, the absorption rate   measures how long it would take to sell all of the existing homes on the market, assuming no new homes come on the market.  A balanced real estate market between buyers and sellers is about 6 months.  Over 6 months, we have a buyers’ market.  Under 6 months, we have a sellers’ market.  Check out my Providence Plantation absorption rate analysis below.  This data indicates that the 3-month absorption rate in Providence Plantation is 10 months. However, we are just emerging from the slowest real estate period of the year (holidays and winter).  I am already seeing increased showing activity in Providence Plantation, which generally leads to more contracts!  My prediction is that we will have a balanced market in Providence Plantation by this summer!

Providence Plantation Location and Lifestyle

I can’t say enough about the Providence Plantation lifestyle!  It’s wonderful to live in a neighborhood where everyone seems to have come from somewhere else, so there’s a great sense of welcome for newcomers!  There are so many things to do in and around Providence Plantation, including playing tennis or swimming at the Providence Plantation Racquet and Swim Club, walking or running through the beautiful neighborhood, join a book club, bunco club, poker club or the garden club, join a supper club, take your kids to the ballpark at MARA (5 minutes away) for baseball, softball, football, lacrosse or cheerleading, play a round of golf at a nearby golf course, enjoy shopping galore at nearby shopping centers and malls, or enjoy fine or casual dining at a wide variety of wonderful restaurants!

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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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3216 High Ridge Road Charlotte, NC 28270

$1,050,000

4 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4192006

Property Type Single Family Residence

Price Type --

Private, 1.3 acres in the highly sought after Providence Plantation where luxury meets modern in the heart of South Charlotte. Features include luxury white oak flooring, elegant crown molding, 6-inch baseboards, recessed lighting, Trex decking, designer light fixtures, custom closets, and feature wall. The gourmet chef kitchen offers GE Profile smart appliances including gas range, rose gold quartz countertops, and 42-inch shaker cabinets. The “treehouse” dining room with 78x52 window and family room boast a white-washed stone fireplace with custom built mantle. The primary retreat features a private deck, custom closets, and a spa-like bathroom with LED front and backlit anti fog frameless mirrors. Upstairs are three spacious bedrooms, two full baths, and custom closets. Enjoy evenings on the expansive Trex deck overlooking the private, fenced backyard oasis. This is more than just a home - It's a retreat you won't want to miss!!

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5017 Celeste Court Charlotte, NC 28270

Open House

$835,000

3 Beds

3.5 Baths

-- SqFt

Status Active

MLS # 4203669

Property Type Single Family Residence

Price Type --

Modern, impeccably updated and meticulously cared for describes this home that's on a cul-de-sac within the highly sought after Providence Plantation community. Home features a private and fenced backyard oasis with an in-ground pool, cabana and picnic area! Inside, you will be WOW'd by the distinctive architecture and one-of-a-kind open and airy floor plan! New LVP flooring just added to main level. The incredibly beautiful bio-fuel fireplace is THEE highlight on the main and can be enjoyed from the Living Room and Dining area! The sleek Kitchen has an island and Stainless Steel appliances - Refrigerator (6/24) conveys! Primary Bedroom suite is on the main level and features your own private Patio! Take advantage - relax or exercise while outside! Additional Guest Bedroom & Full Bath on main, as well as, the Office/Flex Room! Upstairs, the Loft or Flex Room is great for guests, gaming, etc. Plus, there is a spacious Bedroom with its own ensuite Bathroom. Move In and Live!

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2916 Redfield Drive Charlotte, NC 28270

Open House

$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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Providence Plantation Real Estate Expert

Providence Plantation in South Charlotte NC is definitely a popular neighborhood for people moving into the area.  You’ll find beautiful homes and lots, a thriving shopping, dining and recreation scene, top-ranked public schools and easy commuting access.

I have lived in Providence Plantation since 1998, and it would be my pleasure to show you around my neighborhood!  If you are thinking about selling your Providence Plantation 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 Providence Plantation, please contact me so we can talk about finding the best home 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!