ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
JuLY 2012
Brought to you by Fred Holder
Residential Closings - Entire MLS
June 2011 - June 2012
ASP = Average Sold Price, Data Courtesy Carolina MLS.
+14.0% Change in Closed Sales
+8.9% Pending Sales
-0.8%
+5.3%
-17.4%
Change in New Lis ngs
Average Sales Price
Total Ac ve Lis ngs
139 Average Days List to Close
9.3 Months Supply of Homes for Sale
There were 2657 total closings in June 2012, up 14% compared to June 2011. 64% of all home sales in June 2012 were in the $200,000 and under category. The average closing price for the
Charlo e metro area in June 2012 was $227,924, up 5.3% from June 2011. In June 2012, new lis ngs decreased by 0.8%, pending sales increased by 8.9%, total ac ve lis ngs decreased by 17.4%.
Current Active Listings by Price Range
June 2012 Sales by Price Range
Total Ac ve Lis ngs = 19,510
Total Pending Sales = 25,152 Data Courtesy Carolina MLS—Based on a rolling 12‐month average.
Fred Holder
704-578-6818
fholder@helenadamsrealty.com
www.fredholder.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area June 2012 - By MLS Areas
Units 1 Year Closed Change
Average Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill
2101
+13.6
$ 237,411
All of Mecklenburg County
1238
+11.7
$ 255,593
01 ‐ Mecklenburg County (N)
184
‐8.5
$ 201,736
02 ‐ Mecklenburg County (E)
141
+11.9
$ 115,137
03 ‐ Mecklenburg County (SE)
77
‐2.5
$ 138,615
04 ‐ Mecklenburg County (SSE)
148
+43.7
$ 337,750
05 ‐ Mecklenburg County (S)
278
+26.9
$ 431,842
06 ‐ Mecklenburg County (SSW)
100
+25.0
$ 240,247
07 ‐ Mecklenburg County (SW)
70
‐18.6
$ 153,212
08 ‐ Mecklenburg County (W)
56
+7.7
$ 73,616
09 ‐ Mecklenburg County (NW)
96
+17.1
$ 148,304
10 ‐ Union County
260
+5.3
$ 257,835
11 ‐ Cabarrus County
200
+21.2
$ 189,696
12 ‐ Iredell County
191
+13.0
$ 231,419
13 ‐ Lake Norman
137
+17.1
$ 395,525
14 ‐ Lincoln County
67
+21.8
$ 208,017
15 ‐ Lake Wylie
57
+46.2
$ 390,683
16 ‐ Gaston County
177
+27.3
$ 162,403
17 ‐ York County, SC
217
+18.6
$ 220,989
42 ‐ Mtn. Island Lake
17
+35.3
$ 179,607
99 ‐ Uptown Charlo e
28
+75.0
$ 228,781
2657
+14.0
$227,924
TOTAL (for All CMLS Area)
June Home Sales Snapshot +23.2%
Residential Single Family, Townhomes & Condos MLS Area
Volume 5, Issue 7
Price Range with Strongest Sales: $200-300,000
+16.9% # Bedrooms Strongest Sales: 2 BR or Less
+21.6% Property Type Strongest Sales: Condos
Data Courtesy Carolina MLS & 10K Research and Marke ng.
On the Move - Helen Adams Realty
Pending Contracts
Volume 5, Issue 7
Page 3
Average Residential Sales Price
Data provided by MLS—Based on accepted contracts for the given month.
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS.
Fred Holder
704-578-6818
fholder@helenadamsrealty.com
www.fredholder.com
Page 4
On the Move - Helen Adams Realty
Volume 5, Issue 7
June 2012 Home Sales Overview Residen al Real Estate Takes Meaningful Strides Towards Recovery Data and ar We’re halfway through 2012, and what a year it’s been. Residen al real estate has finally taken some meaningful strides toward recovery, and they’ve all been self‐powered without divine (or governmental) interven on. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed
improvement. Let's see what the rest of our local data has to say. New Lis ngs in the Charlo e region decreased 0.8 percent to 4,109. Pending Sales were up 8.9 percent to 2,506. Inventory levels shrank 17.4 percent to 19,510 units. Prices moved higher. The Median Sales Price increased 9.4 percent to $171,500. List to Close was down 8.4 percent to 139 days. The supply‐demand balance stabilized as Months Supply of Inventory was down 29.0 percent to 9.3 months.
Fred Holder 2301 Randolph Road, Charlotte, NC 28207 704-578-6818 fholder@helenadamsrealty.com www.fredholder.com
cle excerpts from CMLS Monthly Indicators
We seem to be at a cri cal inflec on point in our search for more employment opportuni es. Job growth provides the dual benefit of s mula ng new household growth as well as relieving distressed homeowners. There's also the posi ve feedback loop of housing crea ng jobs and jobs crea ng housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid‐2013.