Dilworth Experiences Double-Digit growth in the Charlotte residential real estate market!
An article from the Charlotte Business Journal shows continuous double-digit growth in the Charlotte residential real estate market. According to the Charlotte Regional Realtors Association, closings increased by 23.4% in December as compared to the same time last year. The growth was not only contained to the month of December either– October 2012 and November 2012 showed a 36.8% growth rate and 35% growth rate respectively. In fact, the past 11 straight months have shown positive returns and the association president, Eric Locher, seems to think our housing market is in recovery, “Charlotte’s housing market has shown steady signs of improvement over most of 2012 and could be called the year our local recovery started. With some of the uncertainty on the federal level temporarily averted, we’re hopeful these trends will continue through what is generally considered a slower selling season.”
Not only have our closings improved, but so has the average sales price. The average sales price in December 2011 was $190,656, however the December 2012 was showing a 7.9% increase in the average sales price, putting it at $205,537. A more accurate indicator of trends over time, the median sales price, has also increased by 2.5%.
And even more good news is that the average amount of time from listing to closing has decreased by two days, now reflecting an average of 156 days.
As chronicled in our previous Dilworth post, overall home inventory continues to fall. This past year we had an astonishing 27.7% decrease in the amount of inventory available, leaving our region with about a five month supply of homes– Dilworth, however, has less than three months of inventory available.
Check out the Charlotte Business Journal to see the article in its entirety, and take a look below at the homes for sale in Dilworth:
Dilworth homes for sale
This charming cottage on a quiet, cul-de-sac street is a private oasis right in the heart of Dilworth. The 1.5 story/basement home is a cozy retreat nestled amongst the trees. The kitchen includes a beautiful brick floor and is highlighted by oversized windows that give the feeling of being in a treehouse. Kitchen hosts gas cooktop, granite countertops, and breakfast bar that opens to an inviting dining area. Spacious family room is flooded with natural light. Two bedrooms upstairs with a full bath. Enjoy a gas fireplace in the guest room currently being used as a bonus room/office. Spacious owner's suite in the lower floor with sitting area and a gorgeous bathroom. Expansive deck is perfect for entertaining, with serene patio below leading out to the lushly landscaped fenced-in yard. This special home is perfectly located on the quiet section of Ideal Way off Cumberland Ave. It's just two blocks from shops and restaurants on East Blvd and walkable to Freedom Park.
| MLS#: | 4165623 |
| Price: | $665,000 |
| Square Footage: | 1581 |
| Bedrooms: | 3 |
| Bathrooms: | 2.1 |
| Acreage: | 0.15 |
| Year Built: | 1985 |
| Type: | Single Family Residence |
| Virtual Tour: | Click here |
Based on information submitted to the MLS GRID as of 2024-11-17 18:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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