The 7 successfully closed home SALES in Charlotte NC’s Montibello neighborhood over the past six months…
– had an Average Sales Price of $471,514 (range was $335,100 to $615,000)
– spent an Average of 112 Days on the Market (range was 27 days to 205 days)
– sold for an Average of 94.2% of the Original List Price, Average of 95% of the Final List Price
– Seller Paid Closing Cost Contributions of $3,000 were included in 1 of the 7 recent Montibello neighborhood home sales
Under $500k has had the highest amount of recent home Sales
Available Montibello Homes for Sale are priced from the $300s to Over $1 million right now
The neighborhood real estate inventory level is UP to an 11.1 month supply of homes for sale as of May 2012 – that’s well into Buyer favored territory.
The overall trend since January 2012 has been INcreasing levels of inventory for the Montibello neighborhood and that has continued into late Spring 2012.
BUT, Under Contract activity has recently picked up so even though Buyers are generally favored right now, there is movement and activity in the form of offers turning into contracts. If those pending sales close in the near future that will shift the inventory level down.
The currently available homes for sale have 3 to 5 bedrooms, 2.0 to 4.5 baths, around 2500 to more than 4,000 square feet of living space, most have 2 to 3 car garages and include Ranch, 1.5/2 story and tri-level home styles
To view the neighborhood real estate listings (link updated daily)-
Montibello Neighborhood Homes for Sale
To view homes for sale in nearby South Charlotte NC area neighborhoods:
OR to enter your own home search criteria, NO registration required: Search Charlotte NC Area Homes for Sale
The Montibello neighborhood in Charlotte NC is located along Carmel Rd near the intersection of Carmel and Quail Hollow Rds in the heart of South Charlotte. Convenient to both South Park and Ballantyne, this established community features mature trees and landscaping, winding streets and homes ranging in size from just over 2200 square feet to around 5,000 square feet.
Copyright©2012 by Diane McDermott, All Rights Reserved, “Montibello Neighborhood Charlotte NC, Recent Home Sales Activity May 2012″
*Data and statistics based on information from Carolina Multiple Listing Service Inc. Information deemed reliable but not guaranteed.
The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in south Charlotte NC