January 2011 Charlotte Condo Market Update

In January 2011 165 condos sold in the Charlotte area, a 13% increase from the 146 condos sold in December 2010. January 2011 sales figures increased 72% from January 2010 when 96 Charlotte condos sold.

The average sales price increased 7.5% from $174,436 in December 2010 to $187,470 in January 2011. The January 2011 average sales price increased 30% from the January 2010 average sales price which was $134,342.

Average days on the market increased 8% from 108 in December to 117 in January. January 2010 average days on the market were 157.

Currently there are 1,931 Charlotte condo/townhomes listed for sale in the Charlotte MLS. The average unit is a 2 bed/2 bath unit with 1,441 square feet and an average list price of $209,392, down .1% from December. The average days on the market are 151. Currently 271, or about 14%, Charlotte condos are under contract.

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