Uptown Charlotte Condo Market Update For August 2011

In August 2011 11 condos/townhomes sold in the Uptown Charlotte area, an 26.7% decrease from the 15 condos/townhomes sold in July 2011. August 2011 sales figures decreased 15.4% from August 2010 when 13 Uptown Charlotte condos sold.

The average sales price increased 50.3% from $285,933 in July 2011 to $429,791 in August 2011. August 2011 average sales price increased 63.1% from the August 2010 average sales price which was $263,469. 

Average days on the market decreased 38.6% from 246 in July to 151 in August. August 2010 average days on the market were 190.

Currently there are 134 Uptown condos/townhomes listed for sale in the Uptown Charlotte MLS area. The average unit is a 1 bed/1 bath condo with 1,409 square feeet and an average list price of $392,226, up 7.164from July’s average list price of $366,177. The average days on the market are 159. Currently 24, or 17.9%, Uptown Charlotte condos/townhomes are under contract. An decrease of 3.6% from July.

Uptown condos for sale

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