February 2012 On the Move Newsletter - Brought to You by Kim Walton

Page 1

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.


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