Charlotte Condo Market Update For July 2011

In July 2011 157 condos sold in the Charlotte area, an 17% decrease from the 190 condos sold in June 2011. July 2011 sales figures decreased .6% from July 2010 when 158 Charlotte condos sold.

The average sales price decreased 9% from $170,501 in June 2011 to $155,066 in July 2011. The July 2011 average sales price decreased 12% from the July 2010 average sales price which was $176,782.

Average days on the market decreased 6.7% from 162 in June to 151 in July. July 2010 average days on the market were 138.

Currently there are 1,842 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,481 square feet and an average list price of $207,410, up 2% from June’s average list price of $203,023. The average days on the market are 147. Currently 339, or about 18%, Charlotte condos are under contract, up from 322 under contract in June.

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