June 2012 On the Move Newsletter - Brought to You by Evelyn McCorkle

Page 1

ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es

June 2012

Brought to You by Evelyn McCorkle

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

140

Total Ac ve Lis ngs

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.

Evelyn McCorkle

704. 957. 3558

emccorkle@helenadamsrealty.com

www.evelynmccorkle.com


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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.

Evelyn McCorkle

704. 957. 3558

emccorkle@helenadamsrealty.com

www.evelynmccorkle.com


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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

Data and ar

than last year. May looks pre y good all around. 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

Residen al Real Estate Closings Blue: 2006 Gray: 2007 Purple: 2008

Evelyn MCCorkle Trusted Real Estate Advisor 704.957.3558 emccorkle@helenadamsrealty.com 2301 Randolph Road Charlotte NC 28207

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


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