Union County Real Estate Talk

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Providence Downs South in Marvin NC Real Estate Market Report--2011 Year-to-Date Review

Providence Downs South in Marvin NC Real Estate Market Report—2011 Year-to-Date Review

Providence Down South is a luxury gated community located in the MarvinNC area.  Exquisitely appointed homes on generous lots line the neighborhood streets.  A clubhouse and amenity center are available to Providence Downs South residents. 

Providence Downs South Real Estate Market ComparisonMarvin NC Real Estate Market

A detailed comparison of the 2011 year-to-date real estate market in Providence Downs South can be found in the tables below.  What can Providence Downs South buyers and sellers learn from these statistics?

  1. The real estate market improved for sellers in 2011.  The median closed priced increased 7.3% in 2011 while the median home square footage decreased 8.7%.  Days on market declined 38.9% and the median list to sale ratio improved to 95%.
  2. Despite the improving market in 2011, buyers were able to find bargains in the neighborhood.  Foreclosures and short sales accounted for just under 50% of 2011 sales.

Providence Downs South Real Estate Market Comparison

 

Single Family Homes

Providence Downs South Market Update Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $700,000 6226 45 88%
Year 2010 $750,000 6905 131 90%
YTD 2011 $805,000 6300 80 95%

Source: Carolina Multiple Listing Service

Providence Downs South Types of Closed Sales

Foreclosures and short sales accounted for over half the sales in Providence Downs South during 2010. There were no new construction sales in the neighborhood although lots for construction remain.

Providence Downs South Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 9 47.3%
New Construction 1 5.2%
Foreclosure 6 31.5%
Short Sale 3 16%

Source: Carolina Multiple Listing Service

Read more about Providence Downs South, its community amenities, builders and public schools: Providence Downs South in Marvin NC: Homes for Sale and Neighborhood Profile

Providence Downs South Homes for Sale

Click here to see Providence Downs South homes for sale.

Ever wonder what your Providence Downs South home is worth?

Click here to receive a free market evaluation.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Providence Downs South in Marvin NC Real Estate Market Report—2011 Year-to-Date Review*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Providence Downs South in Marvin NC--2010 Real Estate Market Update

Providence Downs South in Marvin NC—2010 Real Estate Market Update

Providence Downs South is gated community of luxury custom-built homes in the Marvin NC area.Providence Downs South in Marvin NC  Homes in Providence Downs South have European styling with beautiful exteriors of brick, stone and stucco.  The neighborhood’s upscale homes are set on half acre to one acre lots.  A resort-style amenity center serves residents.  Shopping and restaurants are conveniently located nearby at Blakeney along Rea Road and at Ballantyne Village.

How did the 2010 real estate market in Providence Downs South compare with the 2009 market in the neighborhood?  The table below shows median values for several characteristics of the marketplace.  The number of homes sold increased 26% in 2010 with 29 sales.  Median prices increased 7.1% while the median square footage increased by 10.9%.  Median days on market tripled while the list-to-sale ratio increased slightly.

Providence Downs South Real Estate Market Comparison

Single Family Homes

Providence Downs South Market Update Median Closed Price Median Home Square Footage Median Days on Market Median List to Sale Ratio
Year 2009 $700,000 6226 45 88%
Year 2010 $750,000 6905 131 90%

Source:  Carolina Multiple Listing Service

Providence Downs South Types of Closed Sales

Foreclosures and short sales accounted for over half the sales in Providence Downs South during 2010.  There were no new construction sales in the neighborhood although lots for construction remain.

Providence Downs South Sales Types Number of Closed Sales Percentage of Closed Sales
Resale 12 41.3%
New Construction n/a n/a
Foreclosure 13 44.8%
Short Sale 4 13.9%

Source:  Carolina Multiple Listing Service 

Read more about Providence Downs South, its community amenities, builders and public schools:  Providence Downs South in Marvin NC:  Homes for Sale and Neighborhood Profile

Providence Downs South Homes for Sale

Click here to see Providence Downs South homes for sale.

Ever wonder what your Providence Downs South home is worth?

Click here to receive a free market evaluation.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Providence Downs South in Marvin NC—2010 Real Estate Market Update*

 


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Providence Downs South in Marvin NC--Homes for Sale and Neighborhood Profile

Providence Downs South in Marvin NC—Homes for Sale and Neighborhood Profile

Click here for an update to the 2010 real estate market in Providence Downs South.

Providence Downs South near Marvin NC is a luxury gated community where you can find custom-built homes with European styling.  Brick, stone and stucco beautify the exteriors of these homes. Providence Downs South in Marvin NC Interiors are lavish with extensive millwork, upgraded finishes and floor coverings.  Providence Downs South homes are set on wooded half acre to one acre lots.  Many of the lots will accommodate basement homes.

Behind its beautiful gates, Providence Downs South includes a resort-style amenity center with a clubhouse and swimming pool, tennis courts and playground.  The neighborhood is located in unincorporated Union County near Marvin NC.  It is just a few miles from the Rea Road corridor with its shopping and entertaining complexes at Blakeney and Stonecrest.  An interchange with I-485 can be found here as well providing easy access to Charlotte NC’s workplaces.

Construction began in 2004 in Providence Downs South.  Lots are still available in the neighborhood for custom building.  Homes range in size from 4500 square feet to over 9000 square feet.

Providence Downs South Community Features

Community Amenities:  Providence Downs South Homeowners Association, gated community, clubhouse, swimming pool, tennis courts, playground, recreation areaProvidence Downs South in Marvin NC

Builders:  Multiple custom home builders

Schools:  Marvin Elementary, Marvin Ridge Middle, Marvin Ridge High.  School assignments are subject to change.  Check with the Union County Public Schools for current school assignments. 

Providence Downs South Real Estate Market Update

January to December 2009

Single Family Homes

Homes Sold:   23 homes

Prices:    $540,000 to $1,451,500      Average Sales Price:  $770,227

Average Square Feet:  6550            

Average Days on Market:   127

Source:  Carolina Multiple Listing Service

Providence Downs South Homes for Sale

Click here to see Providence Downs South homes for sale.

Ever wonder what your Providence Downs South home is worth?

Click here to receive a free market evaluation.

Copyright 2010.  Carol Fox.  Allen Tate Realtors.  *Providence Downs South in Marvin NC—Homes for Sale and Neighborhood Profile*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.