ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
Kim Walton 704-516-5688 kwalton@helenadamsrealty.com
FEBRUARY 2012
Residential Closings - Entire MLS
Jan. 2011 - Jan. 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.
+9.2%
+27.6%
Change in Closed Sales
Pending Sales
-6.2%
-0.1%
-32.4%
Change in New Lis ngs
Average Sales Price
Total Ac ve Lis ngs
132 Average Days on Market
8.8 Months Supply of Homes for Sale
There were 1541 total closings in Jan. 2012, up 9.2% compared to Jan. 2011. 60% of all home sales in Jan. 2012 were in the $200,000 and under category. The average closing price for the Charlo e
metro area in Jan. 2012 was $190, $187,785, down 0.1% from Jan. 2011. In Jan. 2012, new lis ngs decreased by 6.2%, pending sales increased by 27.6%, total ac ve lis ngs decreased by 32.4%.
Current Active Listings by Price Range
January 2012 Sales by Price Range
Total Ac ve Lis ngs = 22,647
Total Sold Jan. 2012 = 1541 Data Courtesy Carolina MLS.
Kim Walton
704-516-5688
kwalton@helenadamsrealty.com
www.callkimwalton.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area January 2012 - By MLS Areas
Units 1 Year Closed Change
Average Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill
1207
+4.5
$190,769
All of Mecklenburg County
705
‐2.1
$187,061
01 ‐ Mecklenburg County (N)
134
+11.7
$ 152,293
02 ‐ Mecklenburg County (E)
100
+3.1
$ 107,870
03 ‐ Mecklenburg County (SE)
56
‐1.8
$ 135,896
04 ‐ Mecklenburg County (SSE)
78
+32.2
$ 256,347
05 ‐ Mecklenburg County (S)
111
‐1.8
$ 317,992
06 ‐ Mecklenburg County (SSW)
49
‐45.6
$ 188,063
07 ‐ Mecklenburg County (SW)
43
‐10.4
$ 147,757
08 ‐ Mecklenburg County (W)
37
+5.7
$ 73,839
09 ‐ Mecklenburg County (NW)
51
‐8.9
$ 146,144
10 ‐ Union County
161
+26.8
$ 257,867
11 ‐ Cabarrus County
105
‐4.5
$ 177,183
12 ‐ Iredell County
99
+43.5
$ 219,227
13 ‐ Lake Norman
59
‐1.7
$ 348,227
14 ‐ Lincoln County
47
+20.5
$177,640
15 ‐ Lake Wylie
23
‐21.1
$316,368
16 ‐ Gaston County
105
‐0.9
$110,677
17 ‐ York County, SC
124
+47.6
$ 211,014
42 ‐ Mtn. Island Lake
17
+35.3
$179,607
99 ‐ Uptown Charlo e
11
‐15.4
$234,162
1541
+9.2
$187,785
TOTAL (for All CMLS Area)
Jan. Home Sales Snapshot +15.1%
Residential Single Family, Townhomes & Condos MLS Area
Volume 5, Issue 1
Price Range with Strongest Sales: Under $100,000
+7.0% # Bedrooms Strongest Sales: 4+ bedrooms
+5.7% Property Type Strongest Sales: Condos
Data Courtesy Carolina MLS & 10K Research and Marke ng.
On the Move - Helen Adams Realty
Volume 5, Issue 1
Page 3
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Dec. 2011 Data Courtesy Carolina MLS.
Kim Walton
704-516-5688
kwalton@helenadamsrealty.com
www.callkimwalton.com
Page 4
On the Move - Helen Adams Realty
Volume 5, Issue 1
January 2012 Home Sales Overview 2011 Brought Important Improvements The media some mes obsesses over the nega ves, but last year brought several important improvements in key metrics that should not be brushed aside, such as an improved inventory picture. Foreclo‐ sures also dominate news stories, and for good reason. People should occupy homes, not banks. Which means qualified buyers need reliable access to mortgage capital, and distressed proper es may need further a en on in 2012 to expedite transfer of ownership and tax‐base recapture.
Data and ar
New Lis ngs in the Charlo e region de‐ creased 6.2 percent to 3,813. Pending Sales were up 27.6 percent to 1,777. Inventory levels shrank 23.6 percent to 17,305 units. Home prices began the year on an up note. The Median Sales Price increased 2.4 per‐ cent to $146,550. List to Close remained flat at 155 days. Absorp on rates improved as Months Supply of Inventory was down 27.6 percent to 8.8 months.
Kim Walton 2301 Randolph Road, Charlotte, NC 28207 704-516-5688 kwalton@helenadamsrealty.com www.callkimwalton.com
cle excerpts from CMLS &10K Research Marke ng.
U.S. economic data has been encouraging. The unemployment rate flirted with a 3‐ year low and an ini al reading on the fourth quarter of 2011 GDP was in‐line with expecta ons. Mortgage rates posted yet another fresh new record low. The missing puzzle piece is s ll jobs. Improvements in the labor market will spur housing demand through new household forma ons, im‐ prove family financials and galvanize con‐ sumer confidence.