Uptown Charlotte Condo Market Update For May 2011

In May 2011 18 condos/townhomes sold in the Uptown Charlotte area, an 12.5% increase from the 16 condos/townhomes sold in April 2011. May 2011 sales figures increased 0% from May 2010 when 18 Uptown Charlotte condos sold.

The average sales price decreased 33.5% from $267,565 in April 2011 to $177,901 in May 2011. May 2011 average sales price decreased 19% from the May 2010 average sales price which was $218,938. 

Average days on the market decreased 34% from 124 in April to 82 in May. May 2010 average days on the market were 114.

Currently there are 146 Uptown condos/townhomes listed for sale in the Uptown Charlotte MLS area. The average unit is a 1 bed/1 bath condo with 1,358 square feeet and an average list price of $379,948, up 5% from April’s average list price of $361,786. The average days on the market are 170. Currently 25, or 17%, Uptown Charlotte condos/townhomes are under contract. An decrease of 4% from April.

Uptown condos for sale

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