April 2012 On the Move Newsletter, Brought to You by Cara Shields

Page 1

ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es

Cara Brillhart Shields

APRIL 2012

Residential Closings - Entire MLS

704-517-4972 cara@helenadamsrealty.com

March 2011 - March 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.

+10.4% Change in Closed Sales

+5.3% Pending Sales

-9.1%

+0.4% -20.8%

Change in New Lis ngs

Average Sales Price

Total Ac ve Lis ngs

150 Average Days List to Close

9.4 Months Supply of Homes for Sale

There were 2098 total closings in March 2012, up 10.4% compared to March 2011. 64% of all home sales in March 2012 were in the $200,000 and under category. The average closing price for the

Charlo e metro area in March 2012 was $196,182, up 0.4% from March 2011. In March 2012, new lis ngs decreased by 9.1%, pending sales increased by 5.3%, total ac ve lis ngs decreased by 20.8%.

Current Active Listings by Price Range

March 2012 Sales by Price Range

Total Ac ve Lis ngs = 18,783

Total Pending Sales = 2,309 Data Courtesy Carolina MLS.

CARA BRILLHART SHIELDS

704-517-4972

cara@helenadamsrealty.com

www.helenadamsrealty.com


Page 2

On the Move - Helen Adams Realty

Closed Units by Area March 2012 - By MLS Areas

Units 1 Year Closed Change

Average Sales Price

Charlo e ‐ Gastonia ‐ Rock Hill

1625

+8.1

$198,689

All of Mecklenburg County

949

+8.3

$213,135

01 ‐ Mecklenburg County (N)

161

+15.0

$ 173,280

02 ‐ Mecklenburg County (E)

114

+21.3

$ 116,955

03 ‐ Mecklenburg County (SE)

73

‐7.6

$ 122,486

04 ‐ Mecklenburg County (SSE)

91

+15.2

$ 261,144

05 ‐ Mecklenburg County (S)

193

+22.9

$ 342,281

06 ‐ Mecklenburg County (SSW)

79

+27.4

$ 216,360

07 ‐ Mecklenburg County (SW)

58

‐19.4

$ 141,284

08 ‐ Mecklenburg County (W)

46

‐13.2

$ 70,184

09 ‐ Mecklenburg County (NW)

66

‐10.8

$ 158,036

10 ‐ Union County

191

+5.5

$ 177,500

11 ‐ Cabarrus County

159

+9.7

$ 154,456

12 ‐ Iredell County

170

+60.4

$ 240,936

13 ‐ Lake Norman

87

‐3.3

$ 504,453

14 ‐ Lincoln County

60

‐16.7

$175,160

15 ‐ Lake Wylie

33

+10.0

$310,712

16 ‐ Gaston County

136

+2.3

$127,889

17 ‐ York County, SC

178

+9.2

$ 185,984

42 ‐ Mtn. Island Lake

17

+35.3

$179,607

99 ‐ Uptown Charlo e

19

‐24.0

$203,008

2098

+10.4

$196,182

TOTAL (for All CMLS Area)

March Home Sales Snapshot +14.7%

Residential Single Family, Townhomes & Condos MLS Area

Volume 5, Issue 4

Price Range with Strongest Sales: $200-300,000

+11.2% # Bedrooms Strongest Sales: 4+ bedrooms

+10.2% Property Type Strongest Sales: Condos

Data Courtesy Carolina MLS & 10K Research and Marke ng.


On the Move - Helen Adams Realty

Volume 5, Issue 4

Page 3

Pending Contracts

Average Residential Sales Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS.

CARA BRILLHART SHIELDS

704-517-4972

cara@helenadamsrealty.com

www.helenadamsrealty.com


Page 4

On the Move - Helen Adams Realty

Volume 5, Issue 4

March 2012 Home Sales Overview Looking Toward an Op mis c Future

Let’s talk about data. Naviga ng through a complex and fast‐moving marketplace is tough work. Agents are being called upon to provide fact‐based guidance in a mely fashion – and rightly so. MLS data is detailed, accurate and very much “now.” It makes the magic of data‐driven decision‐ making possible. Let’s see what the facts tell us about March 2012…

Sales were up 5.3 percent to 2,309. Inventory levels shrank 20.8 percent to 18,783 units.

New Lis ngs in the Charlo e region decreased 9.1 percent to 4,736. Pending

Broker/Realtor® 2301 Randolph Road, Charlotte, NC 28207

cara@helenadamsrealty.com

Data and ar

Home prices are slowly star ng to turn a corner. The Median Sales Price increased 3.5 percent to $154,000. List to Close was down 3.6 percent to 150 days. Absorp on rates improved as Months Supply of Inventory was down 28.0 percent to 9.4 months.

Cara Brillhart Shields, ABR, ALHS

704-517-4972

cle excerpts from CMLS Monthly Indicators

For be er or worse – usually be er – housing is closely ed to the broader economy. As much as we're in the valley of a residen al real estate rebalancing act, it's important to keep tabs on economic changes. Recent improvements suggest that there may be a s rring of op mism in the center of this market. But not all sub‐ markets will move together. "You can observe a lot just by watching." – Yogi Berra


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