Posted On: January 18, 2010 By: admin

Mecklenburg County commissioners have approved a $32 Million mixed-use development in First Ward in Uptown Charlotte.  The Developer, Daniel Levine could be on his way to making a huge impact in first Ward.  Levine Properties owns 23 acres in First Ward.  The plans call for over 280,000 Sq Ft of shops and restaurants, 2,000 Sq Ft of apartments and condos and a 175 room hotel.

The total cost of the development will be around $700 million.

Category: First Ward

Posted On: January 14, 2010 By: admin

December 2009 Charlotte Condos Report!

December numbers were a little different than your normal month.  Fourth Ward Square Condos, started to close on their condos.  There were a total of 35 units closed over at Fourth Ward Square.  This month’s numbers will not include the condos at Fourth Ward Square as it does not reflect normal market conditions.

There were 44 properties on the market with an average list price of $300,254

4 property were conditional.
5 properties were pending.
0 temporary off the market.
0 properties were contingent.
21 properties were withdrawn.
27 expired listings.

The 8 sold units had an average listing price of $338,588 and sold for of $269,888 averaging 148 days on the market.

The 8 units that were sold for the month were located at Jefferson Square Condos, 3 at Fifth and Poplar Condos and 4 at Avenue Condos.

Category: Statistics