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Nottingham Estates CMA - OCT 2017

Nottingham Estates CMA - OCT 2017

Nottingham Estates in South Charlotte is one of the premier smaller communities (68 homes) in the area - wonderful landscaping, friendly neighbors, ease of commuting with multiple ways to access the city and absolutely top notch school assignments. 

The community was built in the early 2000's and has wonderful access to shopping, restaurants as well as being in walking distance to Colonel Francis Beatty Park - one of the area's largest, most beautiful parks.

 

Colonel Francis Beatty Park

 


 

What is a CMA (Comparative Market Analysis)?

The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as number of bedrooms, number of baths, postal codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market.

A CMA is the here-and-now snapshot of the market, based on the most recent data available but, it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria.

Market AnalysisWhy?  The market is constantly changing – new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge of the person inputting the search parameters to the software as well as the number and type of data fields that are chosen. That means some features may not be included.

As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional’s knowledge and advice, based on neighborhood experience and actually laying eyes on your property.


 

How's the Market in Nottingham Estates?

Due to it's premier location and school assignments, Nottingham Estates is in great demand and typically turnover in this community is quick and with great appreciation in values. List-to-sales price ratios in Nottingham Estates is currently at 97%.

 Nottingham Estates Real Estate Market Report Charlotte, NC

*Data courtesy of CMLS, data accuracy is not guaranteed.

 

This year, Nottingham Estates values have increased 13.4% year-over-year with a current average sales price of $393,000. Days on the market average 22.

Currently there are two listings in the community that are in their Due Diligence periods (under Contract).

Nottingham Estates Real Estate Market Analysis 2017*Data courtesy of CMLS, data accuracy is not guaranteed.


 

Thinking of listing your home for sale? Let's talk!  Give me a call or shoot me a text at (704) 491-3310.

 

Visit www.ListMyCharlotteHome.com if you're thinking of selling your home in the Nottingham Estates. I am happy to provide references of any of our sellers for you to speak with about their experience. You can also read a few of our reviews at www.CharlotteRealEstateAgentReviews.com.

Hiring the RIGHT Charlotte Realtor® is critical to your home selling success!

 

© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com |Nottingham Estates CMA - OCT 2017

#SearchCharlotteNeighborhoods    #NottinghamEstates

     

Charlotte Real Estate Team - The Maxwell House Group

 

  Charlotte NC Homes for Sale

 (THE best Charlotte home search available - no kidding!)

Charlotte NC Real Estate Agents 

Debe Maxwell, Realtor®/Broker/CRS
CharlotteBroker@icloud.com

Direct:  (704) 491-3310

 

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Comment balloon 3 commentsDebe Maxwell, CRS • October 18 2017 02:29AM
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