Charlotte Condo Market Update For September 2011

In September 2011 138 condos sold in the Charlotte area, an 22.5% decrease from the 178 condos sold in August 2011. September 2011 sales figures increased 35.3% from September 2010 when 102 Charlotte condos sold.

The average sales price decreased 13.9% from $168,601 in August 2011 to $145,183 in September 2011. The September 2011 average sales price decreased 16.8% from the September 2010 average sales price which was $174,393.

Average days on the market increased 21.5% from 144 in August to 175 in September. September 2010 average days on the market were 136.

Currently there are 1,462 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,501 square feet and an average list price of $208,103, down .7% from August ‘s average list price of $209,641. The average days on the market are 168. Currently 217, or about 15%, Charlotte condos are under contract, down from 271 under contract in August.

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