Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 5, Issue 4
March 2012 Home Sales Overview Looking Toward an Optimistic Future Let’s talk about data. Navigating through a complex and fast-moving marketplace is tough work. Agents are being called upon to provide fact-based guidance in a timely fashion – and rightly so. MLS data is detailed, accurate and very much “now.” It makes the magic of data-driven decisionmaking possible. Let’s see what the facts tell us about March 2012… New Listings in the Charlotte region decreased 9.1 percent to 4,736. Pending
Market Activity and Trends for Charlotte & Surrounding Counties
APRIL 2012
Data and article excerpts from CMLS Monthly Indicators
Sales were up 5.3 percent to 2,309. Inventory levels shrank 20.8 percent to 18,783 units. Home prices are slowly starting 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. Absorption rates improved as Months Supply of Inventory was down 28.0 percent to 9.4 months.
RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE
For better or worse – usually better – housing is closely tied to the broader economy. As much as we're in the valley of a residential real estate rebalancing act, it's important to keep tabs on economic changes. Recent improvements suggest that there may be a stirring of optimism in the center of this market. But not all submarkets will move together. "You can observe a lot just by watching." – Yogi Berra
Residential Closings - Entire MLS
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 Listings
Average Sales Price
Total Active Listings
150 Average Days List to Close
9.4 Months Supply of Homes for Sale
15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
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
Charlotte metro area in March 2012 was $196,182, down 0.4% from March 2011. In March 2012, new listings decreased by 9.1%, pending sales increased by 5.3%, total active listings decreased by 20.8%.
Current Active Listings by Price Range
March 2012 Sales by Price Range
Total Active Listings = 18,783
Total Pending Sales = 2,309 Data Courtesy Carolina MLS.
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
Charlotte - 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 Charlotte
19
-24.0
$203,008
2098
+10.4
$196,182
TOTAL (for All CMLS Area)
On the Move - Helen Adams Realty
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
Volume 5, Issue 4
Page 3
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
+10.2% Property Type Strongest Sales: Condos
Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS. Data Courtesy Carolina MLS & 10K Research and Marketing.
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
Charlotte - 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 Charlotte
19
-24.0
$203,008
2098
+10.4
$196,182
TOTAL (for All CMLS Area)
On the Move - Helen Adams Realty
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
Volume 5, Issue 4
Page 3
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
+10.2% Property Type Strongest Sales: Condos
Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS. Data Courtesy Carolina MLS & 10K Research and Marketing.
www.helenadamsrealty.com
Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 5, Issue 4
March 2012 Home Sales Overview Looking Toward an Optimistic Future Let’s talk about data. Navigating through a complex and fast-moving marketplace is tough work. Agents are being called upon to provide fact-based guidance in a timely fashion – and rightly so. MLS data is detailed, accurate and very much “now.” It makes the magic of data-driven decisionmaking possible. Let’s see what the facts tell us about March 2012… New Listings in the Charlotte region decreased 9.1 percent to 4,736. Pending
Market Activity and Trends for Charlotte & Surrounding Counties
APRIL 2012
Data and article excerpts from CMLS Monthly Indicators
Sales were up 5.3 percent to 2,309. Inventory levels shrank 20.8 percent to 18,783 units. Home prices are slowly starting 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. Absorption rates improved as Months Supply of Inventory was down 28.0 percent to 9.4 months.
RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE
For better or worse – usually better – housing is closely tied to the broader economy. As much as we're in the valley of a residential real estate rebalancing act, it's important to keep tabs on economic changes. Recent improvements suggest that there may be a stirring of optimism in the center of this market. But not all submarkets will move together. "You can observe a lot just by watching." – Yogi Berra
Residential Closings - Entire MLS
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 Listings
Average Sales Price
Total Active Listings
150 Average Days List to Close
9.4 Months Supply of Homes for Sale
15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
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
Charlotte metro area in March 2012 was $196,182, down 0.4% from March 2011. In March 2012, new listings decreased by 9.1%, pending sales increased by 5.3%, total active listings decreased by 20.8%.
Current Active Listings by Price Range
March 2012 Sales by Price Range
Total Active Listings = 18,783
Total Pending Sales = 2,309 Data Courtesy Carolina MLS.
www.helenadamsrealty.com