Uptown Charlotte’s Second Ward Calendar Year Activity for 2009

Posted On: March 25, 2010 By: admin

Uptown Charlotte Second Ward Calendar Year Activity for 2009.

During the calendar year 2009 Second Ward struggled with sales.  By the last day of the year, 4 townhouses/condos had sold. These 4 townhouses were on the market an average of 80 days. The average heated square footage of these 4 units was 3,557 square feet.  The average list price was $1,528,750, and the average sold price was $1,491,653.  These properties sold for an average 95% of the list price.  The four sales were spread out over the year, with one sale being in January, the next sale in March, the third sale being in August, and the last sale being in November.

The previous numbers are skewed by the two sales in January and August.  These condos sold for $3,195,614 and $1,525,000 respectively, and the square footage of each is 7,000 and 3,565 respectively.  Compare these two condos to the two other sales in Second Ward being 1,756 and 1,907 square feet at a sale price of $580,000 and $670,000 respectively, and you can see the broad price range in this particular area.  The two more moderately priced condos that sold are located at The Ratcliffe, and the two more luxurious condos are located at The Trust.

Looking at 2010 year to date, Second Ward currently has three condos on the market. Two are $1.5 million, plus, and the third is priced at $289K. They have been on the market an average of 319 days. There are no closed sales year to date in Second Ward.

Category: Second Ward