Colorful NoDa during an art gallery crawl
Oscar Wilde said “Life imitates art far more than art imitates life.” There may be no place in Charlotte where that phrase is truer than NoDa.
Whether you refer to it as NoDa, North Davidson, North Charlotte or The Arts District does not matter, but just do not call this diverse neighborhood boring!
Bordered roughly by North Sugar Creek Road, The Plaza, Matheson Avenue and North Tryon Street, NoDa packs a lot of life and culture into a small area of the city. Thirty years ago nobody wanted to spend time in what had become a dilapidated area of town.
Formerly a thriving textile mill area, NoDa has undergone a transformation bringing artists and galleries first followed by restaurants, small boutique shops and breweries. The neighborhood is home to 5 breweries and tap rooms: Heist Brewery, NoDa Brewing Co., Birdsong Brewing Co., Free Range Brewing and Salud Nanobrewery. Its well-known gallery and brewery crawls draw people from all parts of the city and beyond.
The area is a great walking neighborhood. Cabo Fish Taco, Smelly Cat Coffee House and Amelie’s French Bakery are all popular week night or weekend destinations. The Johnston YMCA is located in the heart of the district, nearly walkable from all parts.
NoDa is also very convenient to Uptown/Center City via North Davidson or North Tryon streets. Charlotte Country Club and Plaza Midwood are also right next door to NoDa.
A new construction bungalow that sold in Feb 2016 in North Davidson.
In recent years, new construction and multifamily housing has brought more residential growth to the area. There are many older homes built in the 1930s, 40s and 50s mixed in with newer construction built in the 2000s.
Currently, there are 15 homes on the market in NoDa. There are 8 older homes listed for sale, a few of which have been renovated. Ten of the homes are under contract as of March 1.
There are still many diamonds in the rough available in the neighborhood, but the renovated homes are pushing up the average prices in the neighborhood. There are still great deals to be had, though.
An average of 5.1 homes sold each month in NoDa during the last 12 months. That is about 60 homes over the last year. The average sales price of those homes was $316,502 or $182.70 per square foot.
Given that there are only 15 homes on the market now, inventory is at a low 3 months. Charlotte and Mecklenburg County both have inventory around 3.6 months, so NoDa is below the average.
The lowest priced home sold for $77,400 and is actually one of the houses currently listed for sale. It has been renovated and relisted for $175,000. It’s a 1,000-square-foot, 2 bedroom, 2 bathroom house. It is under contract again.
The highest sold price was $508,500 for a 5 bedroom, 3 bathroom home of 2,880 square feet. The renovated home sold for 102% of list price.
Homes average about 97% of list price in NoDa, with many renovated homes often selling at or above list price.
Even if you are not ready to make a move of your own, it is worth taking a trip to explore NoDa and support local businesses. It is a fantastic place with a funky Bohemian vibe and a great place to live!