April 2011 Charlotte Condo Market Update

In April 2011 150 condos sold in the Charlotte area, an 8% decrease from the 163 condos sold in March 2011. April 2011 sales figures decreased 14% from April 2010 when 174 Charlotte condos sold.

The average sales price increased 1% from $163,240 in March 2011 to $164,799 in April 2011. The April 2011 average sales price increased 3% from the April 2010 average sales price which was $160,231.

Average days on the market increased 21% from 114 in March to 138 in April . April 2010 average days on the market were 142.

Currently there are 1,844 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,484 square feet and an average list price of $210,237, up 2.3% from March’s average list price of $205,441. The average days on the market are 154. Currently 299, or about 16%, Charlotte condos are under contract, down from 360 in February.

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