June On the Move

Page 1

Page 4

On the Move - Helen Adams Realty

ONthe MOve

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 activity combined with falling inventories and fewer distressed properties selling has led to six consecutive months of gains in Median Sales Price when compared with 2011. Competing bids on existing inventory are commonplace in many neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more properties onto the market

Market Activity and Trends for Charlotte & Surrounding Counties

June 2012

Data and article excerpts from CMLS Monthly Indicators

than last year. May looks pretty good all around. New Listings in the Charlotte 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

to 9.4 months. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major

Residential Closings - Entire MLS

May 2011 - May 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.

Residential Real Estate Closings Blue: 2006 Gray: 2007 Purple: 2008

RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE

+19.0% +26.3% Change in Closed Sales

Pending Sales

+5.4%

+4.1% -18.7%

Change in New Listings

Average Sales Price

Total Active Listings

140 Average Days List to Close

9.4 Months Supply of Homes for Sale

15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

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 Charlotte

metro area in May 2012 was $217,561, up 4.1% from May 2011. In May 2012, new listings increased by 5.4%, pending sales increased by 26.3%, total active listings decreased by 18.7%.

Current Active Listings by Price Range

May 2012 Sales by Price Range

Total Active Listings = 19,513

Total Pending Sales = 24,876 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 May 2012 - By MLS Areas Units 1 Year Closed Change

Average Sales Price

Charlotte - 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 Charlotte

16

-15.8

$ 261,400

2607

+19.0

$217,561

TOTAL (for All CMLS Area)

On the Move - Helen Adams Realty

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

Volume 5, Issue 6

Pending Contracts

Page 3

Average Residential Sales Price

+19.0% Property Type Strongest Sales: Condos

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. Data Courtesy Carolina MLS & 10K Research and Marketing.

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

Charlotte - 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 Charlotte

16

-15.8

$ 261,400

2607

+19.0

$217,561

TOTAL (for All CMLS Area)

On the Move - Helen Adams Realty

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

Volume 5, Issue 6

Pending Contracts

Page 3

Average Residential Sales Price

+19.0% Property Type Strongest Sales: Condos

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. Data Courtesy Carolina MLS & 10K Research and Marketing.

www.helenadamsrealty.com


Page 4

On the Move - Helen Adams Realty

ONthe MOve

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 activity combined with falling inventories and fewer distressed properties selling has led to six consecutive months of gains in Median Sales Price when compared with 2011. Competing bids on existing inventory are commonplace in many neighborhoods. Informed sellers have noticed homes selling quicker and for closer to asking price. Feeling encouraged, sellers brought more properties onto the market

Market Activity and Trends for Charlotte & Surrounding Counties

June 2012

Data and article excerpts from CMLS Monthly Indicators

than last year. May looks pretty good all around. New Listings in the Charlotte 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

to 9.4 months. In economic news, May's jobs report was disappointing, and there's a growing concern about the pace of domestic growth. Last month was also unsettling for investors, prompting some to hunt for better returns in the housing market. This forces other consumers up the price ladder. In politics, the Senate approved a 60-day National Flood Insurance Program extension. But with campaign season upon us, major

Residential Closings - Entire MLS

May 2011 - May 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.

Residential Real Estate Closings Blue: 2006 Gray: 2007 Purple: 2008

RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE

+19.0% +26.3% Change in Closed Sales

Pending Sales

+5.4%

+4.1% -18.7%

Change in New Listings

Average Sales Price

Total Active Listings

140 Average Days List to Close

9.4 Months Supply of Homes for Sale

15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

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 Charlotte

metro area in May 2012 was $217,561, up 4.1% from May 2011. In May 2012, new listings increased by 5.4%, pending sales increased by 26.3%, total active listings decreased by 18.7%.

Current Active Listings by Price Range

May 2012 Sales by Price Range

Total Active Listings = 19,513

Total Pending Sales = 24,876 Data Courtesy Carolina MLS—Based on a rolling 12-month average.

www.helenadamsrealty.com


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