Posted On: September 7, 2009 By: admin

August 2009 Charlotte Condos Report!

There were 66 properties on the market with an average list price of $352,292.

1 properties were contingent.
2 property were conditional.
3 properties were pending.

There were a total of 11 properties sold for an average of $358,445 and were on the market for an average of 169 days.  The average list price for these units was $370,518.

There were 34 properties withdrawn and 22 expired listings.

The 13 units that were sold for the month were located at Alexander Court, Tivoli Condos, 10th Street Condos, The Trust Condos, Clarkson Place, The Avenue Condos, 3 at Trademark Condos, and 3 at Fifth and Poplar.

Category: Statistics

Posted On: September 1, 2009 By: admin

The Vue Condos in Uptown Charlotte has Stopped Construction.  R.J. Griffin & Co., general contractor for The Vue, says construction has stopped at the 51-story condo tower in Uptown Charlotte due to lack of payment from the developer, MCL.  R.J. Griffin & Co. never received payment for July’s work.  As a result all subcontractors were asked to stop work effective immediately. 

MCL’s president was quoted as saying “we are working through issues with lenders right now and have confidence we will be able to finish this project.”  Many residents fear that the project will turn out like The Park Condos, which was recently purchased at a foreclosure auction. 

The developer claims that they are 55% sold in the building which has a total of 409 total units.  The units range between high 200s to high 2 millions.  If completed The Vue will be the nicest high-rise in Uptown Charlotte.

Category: Fourth Ward