Parts of Area Housing Market still Red Hot – Davidson

Homes in the lower price points are still flying off the market.  This home in Cornelius, listed at $249,900, went under contract the same day it was listed.  The listing agent, Clark Goff of Allen Tate Davidson stated, “My client was thrilled.  A quick sale fit her needs perfectly.”

While homes in this price point frequently make it to the market in adjoining towns, people looking for this price point in Davidson need to be ready to pounce.  Clark Goff commented, “We prepare our buyer clients by making sure they are pre-qualified for a mortgage and we prepare them for multiple offer situations.”

Looking for a home for less than $250k with 3 or more bedrooms, you have 8 to choose from in Davidson.  Want to narrow it to Davidson in Mecklenburg County you have 4 choices.  When affordable homes go on the market they sell quickly.  In the last 6 months homes in Davidson under $250k went under contract in an average of 11 days and sold at over 98% of asking price.

Under Contract in 1 Day - Oakhurst
Courtesy of Clark Goff – Allen Tate Davidson

It would be nice if our public servants, the police, firemen and teachers, could afford to live in town.  As more and more people migrate to the Lake Norman area we’ll continue to see pressure on the housing supply.

Check out neighborhood market reports here.

Davidson Housing Coalition

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