Page 1

ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties

JUNE 2010 www.SoldByDebe.com

Compliments of

Debe Maxwell, Realtor速/Broker

Mobile: 704.491.3310

Residential Closings - Entire MLS 2009 - 2010 ASP = Average Sold Price Data Courtesy Carolina MLS.

The average closing price for the Charlotte area in May 2010 was $212,454, up approximately 6.3% compared to 2009. Average days on market was 141.5 for the month of May, 2010.

There were 2537 total closings in May 2010, up 24.7% compared to 2009. The bulk of home sales continues to be in the lower price ranges, with 75% of sales in the $250,000 and under category.

Current Active Listings by Price Range

May 2010 Closed Sales by Price Range

3% 9% 10%

22%

1% 4% 7%

Under $120,000 $120 - $150,000 $150 - $250,000

14%

33%

Over $1 Million

$150 - $250,000 $250 - $350,000

$250 - $350,000

28%

$500K - $1 Million

29%

$120 - $150,000

12%

$350 - $500,000

12%

Under $120,000

14%

$350 - $500,000 $500K - $1 Million Over $1 Million

Total Active Listings = 26,007

Total Sold May 2010 = 2537

Data Courtesy Carolina MLS.

Data Courtesy Carolina MLS.

www.SoldByDebe.com


Page 2

On the Move - Helen Adams Realty

Volume 2, Issue 6

Total Closed Units May 2010 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area

Units Closed

Total Closed Volume

Average Closing Price

01 - Mecklenburg County (N)

204

$ 36,867,101

$ 180,721

02 - Mecklenburg County (E)

134

$ 16,994,615

$ 126,825

03 - Mecklenburg County (SE)

84

$ 11,626,813

$ 138,414

04 - Mecklenburg County (SSE)

111

$ 34,558,534

$ 311,338

05 - Mecklenburg County (S)

237

$ 90,985,109

$ 383,903

06 - Mecklenburg County (SSW)

88

$ 18,150,036

$ 206,250

07 - Mecklenburg County (SW)

76

$ 10,497,212

$ 138,121

08 - Mecklenburg County (W)

78

$ 6,905,888

$ 88,537

09 - Mecklenburg County (NW)

109

$ 17,296,755

$ 158,685

10 - Union County

240

$ 67,248,633

$ 280,202

11 - Cabarrus County

201

$ 36,180,580

$ 180,002

12 - Iredell County

122

$ 16,732,944

$ 137,155

46 percent of homes closed in 121+ days.

13 - Lake Norman

120

$ 50,971,761

$ 424,764

12 percent of homes closed in 91-120 days.

14 - Lincoln County

48

$ 6,585,900

$ 137,206

18 percent of homes closed in 61-90 days.

15 - Lake Wylie

47

$ 18,970,211

$ 403,621

18 percent of homes closed in 31-60 days.

16 - Gaston County

186

$ 22,219,981

$ 119,462

5 percent of homes closed in 0-30 days.

17 - York County

148

$ 27,897,473

$ 188,496

20 - Alexander County

13

$ 1,676,500

$ 128,961

21 - Rowan County

73

$ 8,185,880

$ 112,135

22 - Cleveland County

28

$ 3,726,051

$ 133,073

23 - Stanly County

28

$ 3,893,050

$ 139,037

24 - Lancaster County

55

$ 11,848,289

$ 215,423

25 - Anson County

7

$ 678,050

$ 96,864

29 - Catawba County

37

$ 4,810,400

$ 130,010

35 - Chester County

5

$ 310,650

$ 62,130

42 - Mtn. Island Lake

23

$ 5,573,800

$ 242,339

99 - Uptown Charlotte

17

$ 3,731,400

$ 219,494

TOTAL (for Areas Listed Above)

2519

$535,123,616

Days on Market The following statistics apply to March 6 to April 5, 2010, and reflect days on market from the original listing date to the recorded closing date.

Listing Date to Closing 98 sold

121+ days

0-30 days

877 sold 121+ days

348 sold

91-120 days

31-60 days

61-90 days

345 sold 61-90 days

31-60 days 0-30 days

232 sold

91-120 days

$212,454 Average List to Close April = 147.7 days Data Courtesy Carolina MLS.

www.SoldByDebe.com


On the Move - Helen Adams Realty

Volume 2, Issue 6

Page 3

Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, May, 2010 Data Courtesy Carolina MLS.

www.SoldByDebe.com


Page 4

On the Move - Helen Adams Realty

Volume 2, Issue 6

Annual Appreciation for the Charlotte Metro Area Based on the Home Price Index (HPI) www.fhfa.gov The HPI is a broad measure of the change in annual single family home prices. The HPI is a timely, accurate indicator of home price trends in geographical areas across the US. 2009 and first quarter of 2010 show the first signs of home depreciation in the Charlotte metro area in over 30 years.

13.8%

7.6%

8.5%

8.1% 7.0% 5.3% 5.4%

5.1% 4.3% 3.1%

2.5%2.6% 2.4%

6.3%

5.9% 4.8%

4.1% 3.3%

3.1%

4.9% 3.1% 2.1%

2.3% 2.2%

7.9%

6.0%

5.7% 4.9%

2.0%

1978

1980 1979

1982 1981

1984 1983

1986 1985

1988 1987

1990 1989

1992 1991

1994 1993

1996 1995

1998 1997

2000 1999

2002 2001

2004 2003

2006 2005

2009

2008 2007

0.8%

2010

Yearly Appreciation Rate

11.7%

-2.5%

Year (2010 - 1978)

-7.8% -7.7%

Search Charlotte Homes for Sale ::Search Charlotte Neighborhoods ::www.SoldByDebe.com

Charlotte NC :: South End The Arlington Featured Charlotte Condominium Complex— Located just off South Boulevard, (at the corner of Arlington Avenue, across from Factory South), The Arlington was developed by The Metropolitan Group, founded in 1990 by Jim Gross, licensed architect. Jim Gross has developed some of the most unique housing in the Charlotte area - from Dilworth Crescent, Ivey's Town Homes (the former Ivey's building in Uptown), Factory South (a turn-of-the-century industrial building turned lofts) and Carmel Crescent to The Arlington, Charlotte's tallest structure in the Dilworth/South End area. This complex has fabulous amenities and some of the best skyline views in the city! Prices start in the $130's and range to over $1.6M View photos of The Arlington & our new penthouse listing there.

Debe Maxwell, CRS :: 2301 Randolph Road, Charlotte, NC 28207 (704) 491-3310 :: Debe@DebeMaxwell.com

Charlotte NC Real Estate Market Report June 2010  

Charlotte NC Real Estate Market Report for June, 2010 - sold data, appreciation information, featured condo complex in Charlotte NC and more...

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