South Charlotte Home Sales and Foreclosures

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South Charlotte Real Estate Market Report- Zip Code 28270, September 2009

Homes sold increased in 28270 in 2009, albeit at lower prices, reflecting its continuing popularity. Here are the results:

Year	#of Sales	Sq Ft	AvgList	Avg Sold	cost/sf	Sold/list%
2009	29	2809	346,423	329,889	117	95
2008	26	2842	378,407	367,181	129	97
2007	36	2749	363,038	351,844	128	97

So, reviewing the table above, sales in 2009 are up about 10% (from 26 to 29) while average sales prices are down 9.3%, almost exactly the Case-Shiller Index for Charlotte.

There were no listed foreclosures or short sales. Prices in this zip code are high enough that most if not all would be listed.

Popular subdivisions include Providence Plantation-with 6 sales, and then with 2 0r more sales Willomere and Sardis Woods and Providence Arbours. Sales from Beverly Crest, oxford Hunt, Sardis Oaks and Sardis Forrest rounded out the home sales report

Homes For Sale 28270

There are 263 Homes for Sale in zip code 28270, priced from 179,000 to $2.875M. The median is $429,998, indicating the reason so many have not sold… they have not taken the necessary price reductions. A simple, none scientific absorption rate would be 9 month of inventory, indicating what most of us new already, it is a STRONG Buyers Market. Also-the difference between the homes sold average of$329,889 versus the median Home offered at $429,998 is substantial.