ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
JuLY 2012
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.
www.helenadamsrealty.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.
Our New Agents 2011-2012
helen adams realty proudly presents
ROBIN CARUSO
Ballantyne Office
dawn gilliam
Ballantyne Office
ANN MURPHY STEPHANIE THOMAS
Ballantyne Office Ballantyne Office
rosalyn kartes
Randolph Office
JAmi & Jack PRINCE
Ballantyne Office
libby gonyea
Randolph Office
brie hoppenfeld caroline jackson jessica johnson
Randolph Office
Randolph Office
Randolph Office
kari kessell
sasha levons
brock norris christina provett cara shields
Randolph Office
Randolph Office
Randolph Office Randolph Office
Lake Norman
Gina Mauney
Ballantyne Office
Randolph Office
david sinclair alan sussman
Jyla rollinson
TRACY JONES
Ballantyne Office
david rowles
Lake Norman
jess Babbington
Lake Norman
Randolph Office
Randolph Office
Wil McKee
kelly mixon
randi nickason
Lake Norman
Lake Norman
Lake Norman
melanie spence pepper stanford
Lake Norman
Lake Norman
Martha & robert Tremblay Lake Norman
This year, our team helped 30 new AGENTS find success, what can we help YOU find? Learn more at www.HelenAdamsRealty.com BALLANTYNE OFFICE 15235-J JOHN J. DELANEY DR. CHARLOTTE, NC 28277 704.341.0279
RANDOLPH OFFICE 2301 RANDOLPH ROAD CHARLOTTE, NC 28207 704.375.8598
LAKE NORMAN OFFICE 8600 SAM FURR ROAD SUITE150 HUNTERSVILLE, NC 28078 704.439.3300
On the Move - Helen Adams Realty
Volume 5, Issue 7
Pending Contracts
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.
www.helenadamsrealty.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.
RANDOLPH ROAD 2301 Randolph Road, Charlo e, NC 28207 BALLANTYNE 15235‐J John J. Delaney Dr., Charlo e, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
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.