Great News for Dilworth!

A recent article from Charlotte Business Journal shows an increase in the number of homes under contract in the Charlotte area– up by almost 40 percent from this same time last year.Check out the article below to see the real estate market changes that have helped to stabilize the market and essentially bring it to a point of equilibrium. If you’re thinking of buying in Dilworth OR selling your current home, now is a great time!

Charlotte-area closings jump nearly 37% in October

Metro Charlottes residential real estate market zoomed last month as home closings increased 36.8 percent from the same time last year, according to the Charlotte Regional Realtors Associations monthly market activity report released Wednesday.

Closings in the 10-county area totaled 2,575 last month, up from 1,882 in October 2011, the report states.

The average sales price increased year-over-year for the ninth month in a row. The average home sales price was $204,335, up 4.9 percent from $194,739 this time last year. The median sales price considered a more accurate measurement of trends over time was up 3.3 percent to $157,000 from $151,942 in October 2011.

The average list price also increased. Last months average list price was $236,920, up 6.2 percent from $222,194 in October 2011. New listings grew to 3,448 in October, up 6.5 percent from 3,238 in October 2011, as counted through Carolina Multiple Listing Services Inc.

Contracts boomed 58.5 percent year-over-year to 2,783 from 1,756.

Homes also spent less time on the market in October. The average amount of time list to close dropped by 18 days year-over-year to 149.

Of the new listings in October, 13.2 percent involved distressed properties, down from 17.4 percent a year earlier, while 15.3 percent of the closings in October were sales of distressed properties, down from 20.2 percent a year ago.

Overall inventory fell 27.3 percent from the same time last year, leaving the region with a six-month supply of houses.

Now that the market has reached equilibrium at a six months supply, were no longer in a buyers market, says Jennifer Frontera, association president.

Charlotte Business Journal by Susan Stabley, Staff Writer

Dilworth homes

Listings 1 - 20 of 28   next

521 Iverson Way -- 5 BR, 4.1 BA
Price: $1,475,000 (4793 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3417836 | Contract
512 E Tremont Avenue -- 5 BR, 4 BA
Price: $1,449,000 (4210 sqft)
Subdivision: Dilworth
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Nestlewood Realty, LLC | MLS # 3365713 | Contract
672 Ideal Way -- 5 BR, 4.1 BA
Price: $1,295,000 (3989 sqft)
Subdivision: Dilworth
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Giving Tree Realty | MLS # 3449816 | Active
709 Ideal Way -- 4 BR, 3.1 BA
Price: $1,249,000 (3420 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3409306 | Contract
408 Iverson Way -- 5 BR, 4 BA
Price: $1,199,000 (3168 sqft)
Subdivision: Dilworth
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Dilworth Realty LLC | MLS # 3442657 | Contract
500 E Park Avenue -- 4 BR, 3 BA
Price: $1,175,000 (3207 sqft)
Subdivision: Dilworth
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Harding Real Estate | MLS # 3444665 | Active
1165 Linganore Place -- 4 BR, 3.2 BA
Price: $1,100,000 (3128 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3435244 | Active
1536 Ideal Way -- 5 BR, 3.1 BA
Price: $1,074,000 (3839 sqft)
Subdivision: Dilworth
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RE/MAX Executive | MLS # 3425246 | Active
315 E Kingston Avenue -- 4 BR, 2.1 BA
Price: $1,030,000 (2962 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3358522 | Active
1900 Lombardy Circle -- 4 BR, 3.1 BA
Price: $999,000 (2900 sqft)
Subdivision: Dilworth
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Peters & Associates | MLS # 3398603 | Active
604 Ideal Way -- 3 BR, 2.1 BA
Price: $975,000 (3200 sqft)
Subdivision: Dilworth
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Keller Williams South | MLS # 3425917 | Active
1316 Ordermore Avenue -- 4 BR, 3.1 BA
Price: $874,000 (3184 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3420453 | Active
1620 Dilworth Road -- 5 BR, 3 BA
Price: $850,000 (2591 sqft)
Subdivision: Dilworth
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Helen Adams Realty | MLS # 3445044 | Active
601 E Tremont Avenue -- 3 BR, 2.1 BA
Price: $735,000 (2075 sqft)
Subdivision: Dilworth
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Allen Tate Ballantyne | MLS # 3449111 | Contract
729 Mt Vernon Avenue -- 3 BR, 2 BA
Price: $699,000 (1821 sqft)
Subdivision: Dilworth
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Brannic Properties Inc | MLS # 3413004 | Contract
2212 Dilworth Road -- 3 BR, 2 BA
Price: $645,000 (1575 sqft)
Subdivision: Dilworth
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HM Properties | MLS # 3443860 | Active
501 Meacham Street -- 3 BR, 2.1 BA
Price: $620,000 (2060 sqft)
Subdivision: Dilworth
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Cottingham Chalk | MLS # 3450632 | Contract
628 Olmsted Park Place -- 3 BR, 2.1 BA
Price: $600,000 (1697 sqft)
Subdivision: Dilworth
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EXP REALTY LLC | MLS # 3448829 | Contract
2013 Cumberland Avenue -- 3 BR, 2 BA
Price: $577,500 (1680 sqft)
Subdivision: Dilworth
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Dickens Mitchener & | MLS # 3442744 | Active
1418 Euclid Avenue -- 4 BR, 2 BA
Price: $575,000 (2311 sqft)
Subdivision: Dilworth
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Allen Tate SouthPark | MLS # 3451871 | Contract

Listings 1 - 20 of 28   next

About Sarah Martin

I am savvy at buying & selling in all quadrants of the Greater Charlotte area and would love to help you find your home whether its your first condo that you plan on turning into a bachelor pad or your third home that has to accommodate three kids and a dog.

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