April 2011 Uptown Charlotte Condo Market Update

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In April 2011 16 condos/townhomes sold in the Uptown Charlotte area, an 36% decrease from the 25 condos/townhomes sold in March 2011. April 2011 sales figures increased 6.7% from April 2010 when 15 Uptown Charlotte condos sold.

The average sales price decreased 5% from $281,688 in March 2011 to $267,565 in April 2011. April 2011 average sales price increased 15% from the April 2010 average sales price which was $232,672. 

Average days on the market increased 25% from 99 in March to 124 in April. April 2010 average days on the market were 96.

Currently there are 159 Uptown condos/townhomes listed for sale in the Uptown Charlotte MLS area. The average unit is a 1 bed/1 bath condo with 1,317 square feeet and an average list price of $361,786, up 6% from March’s average list price of $339,946. The average days on the market are 151. Currently 26, or 16%, Uptown Charlotte condos/townhomes are under contract. An decrease of 2% from March.

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