April 2012 On-the-Move

Page 1

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


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