ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
Cara Brillhart Shields
June 2012
704-517-4972 cara@helenadamsrealty.com
Residential Closings - Entire MLS
May 2011 - May 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.
+19.0% +26.3% Change in Closed Sales
Pending Sales
+5.4%
+4.1% -18.7%
Change in New Lis ngs
Average Sales Price
Total Ac ve Lis ngs
140 Average Days List to Close
9.4 Months Supply of Homes for Sale
There were 2607 total closings in May 2012, up 19% compared to May 2011. 64% of all home sales in May 2012 were in the $200,000 and under category. The average closing price for the Charlo e
metro area in May 2012 was $217,561, up 4.1% from May 2011. In May 2012, new lis ngs increased by 5.4%, pending sales increased by 26.3%, total ac ve lis ngs decreased by 18.7%.
Current Active Listings by Price Range
May 2012 Sales by Price Range
Total Ac ve Lis ngs = 19,513
Total Pending Sales = 24,876 Data Courtesy Carolina MLS—Based on a rolling 12‐month average.
CARA BRILLHART SHIELDS
704-517-4972
cara@helenadamsrealty.com
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area May 2012 - By MLS Areas
Units 1 Year Closed Change
Average Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill
2075
+19.3
$ 219,130
All of Mecklenburg County
1231
+16.4
$ 229,190
01 ‐ Mecklenburg County (N)
215
+7.5
$ 178,554
02 ‐ Mecklenburg County (E)
136
+19.3
$ 106,684
03 ‐ Mecklenburg County (SE)
92
+46.0
$ 136,781
04 ‐ Mecklenburg County (SSE)
153
+47.1
$ 312,129
05 ‐ Mecklenburg County (S)
241
+10.6
$ 393,987
06 ‐ Mecklenburg County (SSW)
81
‐8.0
$ 235,519
07 ‐ Mecklenburg County (SW)
76
+5.6
$ 140,203
08 ‐ Mecklenburg County (W)
51
+18.6
$ 82,504
09 ‐ Mecklenburg County (NW)
100
+22.0
$ 149,863
10 ‐ Union County
254
+10.4
$ 250,150
11 ‐ Cabarrus County
173
+11.6
$ 192,196
12 ‐ Iredell County
156
+7.6
$ 302,889
13 ‐ Lake Norman
131
+70.1
$ 458,293
14 ‐ Lincoln County
68
+11.5
$ 205,922
15 ‐ Lake Wylie
47
+113.6
$ 295,259
16 ‐ Gaston County
175
+25.0
$ 140,438
17 ‐ York County, SC
235
+57.7
$ 216,164
42 ‐ Mtn. Island Lake
17
+35.3
$ 179,607
99 ‐ Uptown Charlo e
16
‐15.8
$ 261,400
2607
+19.0
$217,561
TOTAL (for All CMLS Area)
May Home Sales Snapshot +22.0%
Residential Single Family, Townhomes & Condos MLS Area
Volume 5, Issue 6
Price Range with Strongest Sales: $200-300,000
+17.2% # Bedrooms Strongest Sales: 3 Bedrooms
+19.0% Property Type Strongest Sales: Condos
Data Courtesy Carolina MLS & 10K Research and Marke ng.
On the Move - Helen Adams Realty
Volume 5, Issue 6
Pending Contracts
Page 3
Average Residential Sales Price
Data provided by MLS—Based on accepted contracts for the given month.
30 Year Fixed Mortgage Rates
New Listings
Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS.
CARA BRILLHART SHIELDS
704-517-4972
cara@helenadamsrealty.com
www.helenadamsrealty.com
Page 4
On the Move - Helen Adams Realty
Volume 5, Issue 6
May 2012 Home Sales Overview Best Month of Closings Since July 2008! There were more Closed Sales in May 2012 than in any month since July 2008. Strong sales ac vity combined with falling inventories and fewer distressed proper es selling has led to six consecu ve months of gains in Median Sales Price when compared with 2011. Compe ng bids on exis ng inventory are commonplace in many neighborhoods. Informed sellers have no ced homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more proper es onto the market
New Lis ngs in the Charlo e region increased 5.4 percent to 4,434. Pending Sales were up 26.0 percent to 2,730. Inventory levels shrank 18.7 percent to 19,513 units. Prices moved higher. The Median Sales Price increased 8.6 percent to $165,000. List to Close was down 6.7 percent to 140 days. The supply‐demand balance stabilized as Months Supply of Inventory was down 30.4 percent
Blue: 2006 Gray: 2007 Purple: 2008
Cara Brillhart Shields, ABR, ALHS Broker/Realtor® 2301 Randolph Road, Charlotte, NC 28207
cara@helenadamsrealty.com
Data and ar
than last year. May looks pre y good all around.
Residen al Real Estate Closings
704-517-4972
cle excerpts from CMLS Monthly Indicators
to 9.4 months. In economic news, May's jobs report was disappoin ng, and there's a growing concern about the pace of domes c growth. Last month was also unse ling for investors, promp ng some to hunt for be er returns in the housing market. This forces other consumers up the price ladder. In poli cs, the Senate approved a 60‐day Na onal Flood Insurance Program extension. But with campaign season upon us, major