2010 Charlotte Condo Market Year End Update

Charlotte Condos & Townhomes
In 2010 1705 condos/townhomes sold in the Charlotte MLS area, an 11% decrease from the 1913 condos or townhomes sold in 2009. 2010 sales figures decreased 60% from 2006, the heighth of the sellers market, when 4273 condos sold.

The average sales price decreased 5% from $170,390 in 2009 to $161,854 in 2010. The 2010 average sales price decreased 8.7% from the 2006 average sales price which was $177,275. 

Average days on the market increased 113% from 60 in 2009 to 128 in 2010. 2006 average days on the market were 48.

Currently there are 1692 condo/townhomes for sale in the Charlotte city limits. The average unit is a 2 bed/2 bath home with 1,430 square feeet and an average list price of $211,007. The average days on the market are 153. 219 Charlotte condos/townhomes are currently under contract.

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