Charlotte Real Estate & More

head_left_image

The Renaissance Condo Market Report Charlotte NC | September, 2011

Charlotte NC Condo Real Estate Market Report | The Renaissance | Market Absorption Trend Shows Strong Buyers Market September, 2011

The Renaissance Condos in Charlotte NCOne of the hardest hit condo complexes in one of Charlotte's historic districts (NoDa) is The Renaissance Condominiums.  This brick community with great amenities, condos that feature a 1-car garage AND parking space for owners and close proximity to everything Charlotte, has taken a tremendous hit with the downturn in the economy.

With only 7 closed transactions during the past 12 months and 12 condos currently on the market, the market absorption trend has increased dramatically with a supply that is currently over 24 months.  The sales prices have also fallen from an over- $200,000 price tag when new in '05 to an average sales price during the past 6 months at just over $130,000.  Distressed sales are dominant in this complex.   

The good news for buyers--The location (near Uptown Charlotte) of this hip, updated complex is a sought-after one and the ability to purchase a condo at this price with the interest rates that are currently available (some under 4%), you can't RENT this cheaply!  Take advantage of this strong buyers market in this popular complex NOW!

Below is the current Market Absorption Trend for The Ranaissance Condominimus in Charlotte NC.  Note the list to sales price ratio--reflective of savvy sellers and banks who are listing at prices that are closer to market value than ever before!  Visit The Renaissance today!  

The Renaissance Condo Market Report Charlotte NC

 

More info for Charlotte condos for sale in The Renaissance:

The Renaissance Condos for Sale Charlotte NC
The Renaissance Condos Charlotte NC Market Update

 

     

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 

 

Charlotte CRS Agent


Debe Maxwell, Realtor®/Broker/CRS

CharlotteBroker@icloud.com

Direct:  (704) 491-3310

 

               Search Charlotte Neighborhoods      Search Charlotte Homes for Sale       Relocate to Charlotte NC

                               Things to do in Charlotte NC     Charlotte Real Estate Information

          

Charlotte Real Estate on Pinterest  FacebookFollow me on TwitterYou Tube  Connect with me on LinkedInSubscribe to my RSS feedCharlotte Real Estate on Pinterest

subscribe to my Active Rain BlogEmail meSearch Charlotte NC MLS

Follow me on Google+

Disclosure of material contained within

Get Charlotte's Best Home Search App
Download Charlotte's hottest new app for up-to-the-minute listings and the most accurate neighborhood information available on the web!

DOWNLOAD CHARLOTTE PROPERTIES AT THE APP STORE

GET THE CHARLOTTE PROPERTIES APP AT GOOGLE PLAY
Comment balloon 16 commentsDebe Maxwell, CRS • September 03 2011 12:18AM
The Renaissance Condo Market Report Charlotte NC | September, 2011
share
Charlotte NC Condo Real Estate Market Report | The Renaissance | Market Absorption Trend Shows Strong Buyers Market September, 2011 One of the hardest hit condo complexes in one of Charlotte's historic districts (NoDa) is The Renaissance… more