ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
Eric Layne
APRIL 2012
704-780-3413 eric.layne@helenadamsrealty.com
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 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.
ERIC LAYNE
704-780-3413
eric.layne@helenadamsrealty.com
www.EricLayneRealEstate.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.
ERIC LAYNE
704-780-3413
eric.layne@helenadamsrealty.com
www.EricLayneRealEstate.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
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.
Eric Layne 2301 Randolph Road, Charlotte, NC 28207 704-780-3413 eric.layne@helenadamsrealty.com www.EricLayneRealEstate.com
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