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ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties  

DECEMBER 2010

Fred Holder  704‐578‐6818  fholder@helenadamsrealty.com 

www.helenadamsrealty.com

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

The average closing price for the Charlotte area in November 2010  There  were  1487  total  closings  in  Nov.  2010,  down  25.7%  com‐ was  $215,239,  up  approximately  9.3%  compared  to  2009.          pared to 2009.  The bulk of home sales continues to be in the lower  Average days on market was 154 for the month of Nov., 2010.   price ranges, with 73% of sales in the $250,000 and under category. 

Current Active Listings by Price Range 3%

1% 5%

Under $120,000

8% 9%

27%

Nov. 2010 Closed Sales by Price Range

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

13%

$250 - $350,000

Under $120,000

8%

$120 - $150,000

12%

34%

$250 - $350,000 $350 - $500,000

$350 - $500,000

13%

26%

$500K - $1 Million

28%

Over $1 Million

Total Active Listings = 22,592  Data Courtesy Carolina MLS. 

$150 - $250,000

13%

$500K - $1 Million Over $1 Million

Total Sold NOV.  2010 = 1487   Data Courtesy Carolina MLS. 

Fred Holder                              704‐578‐6818                           fholder@helenadamsrealty.com                           www.fredholder.com 


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On the Move - Helen Adams Realty

Volume 3, Issue 12

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

Units

Total

Average

Closed

Closed Volume

Closing Price

01 ‐ Mecklenburg County (N)   

93 

$ 15,797,150 

$ 169,862 

02 ‐ Mecklenburg County (E)   

93 

$ 12,119,785 

$ 130,320 

03 ‐ Mecklenburg County (SE)   

51  

$ 6,897,489 

$ 135,245 

04 ‐ Mecklenburg County (SSE)     48 

$ 11,502,951 

$ 239,645 

05 ‐ Mecklenburg County (S)   

$ 50,112,195 

$ 391,502 

06 ‐ Mecklenburg County (SSW)     30  

$ 6,940,424 

$ 231,347 

07 ‐ Mecklenburg County (SW)   

44   

$ 6,130,501 

$ 139,330 

08 ‐ Mecklenburg County (W)   

25  

$ 1,908,725 

$ 76,349 

09 ‐ Mecklenburg County (NW)     47  

$ 8,201,088 

$ 174,491 

10 ‐ Union County   

141 

$ 33,357,672 

$ 236,579 

11 ‐ Cabarrus County   

117  

$ 21,422,174 

$ 183,096 

12 ‐ Iredell County   

64 

$ 8,977,189 

$ 140,269 

48 percent of homes closed in 121+  days. 

13 ‐ Lake Norman   

90  

$ 46,437,256 

$ 515,970 

17 percent of homes closed in 91‐120 days. 

14 ‐ Lincoln County   

33   

$ 4,250,914 

$ 128,816 

19 percent of homes closed in 61‐90 days. 

15 ‐ Lake Wylie   

20   

$ 6,534,200 

$ 326,710 

13 percent of homes closed in 31‐60 days. 

16 ‐ Gaston County   

104 

$ 12,558,339 

$ 120,753 

4 percent of homes closed in 0‐30 days. 

17 ‐ York County   

95 

$ 18,268,085 

$ 192,296 

20 ‐ Alexander County   

3  

$ 280,300  

$ 93,433 

21 ‐ Rowan County   

63   

$ 7,353,053 

$ 116,715 

22 ‐ Cleveland County   

14   

$ 1,466,552 

$ 104,754 

128 

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

Listing Date to Closing Date 64 sold

23 ‐ Stanly County   

15   

$ 1,528,428 

$ 101,895 

24 ‐ Lancaster County   

106   

$ 25,599,974 

$ 241,509 

25 ‐ Anson County   

6   

$ 436,400 

$ 72,733 

816 sold 121+ days

29 ‐ Catawba County   

18 

$ 3,659,300 

$ 203,294 

35 ‐ Chester County   

$ 435,900 

$ 72,650 

42 ‐ Mtn. Island Lake   

10  

$ 2,144,605 

$ 214,460 

99 ‐ Uptown Charlotte   

$ 1,994,800 

$ 284,971 

TOTAL

(for All MLS)

1487

$367,837,293

121+ days

0-30 days

216 sold

91-120 days

31-60 days

61-90 days

317 sold 61-90 days

31-60 days 0-30 days

282 sold 91-120 days

$215,239 Average List to Close October = 148 days  Data Courtesy Carolina MLS. 

Fred Holder                              704‐578‐6818                           fholder@helenadamsrealty.com                           www.fredholder.com 


On the Move - Helen Adams Realty

Volume 3, Issue 12

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Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

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

Fred Holder                              704‐578‐6818                           fholder@helenadamsrealty.com                           www.fredholder.com 


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On the Move - Helen Adams Realty

Volume 3, Issue 12

Sales Volume & Units Sold, By Year Slight Increase Predicted for Total Home Sales in 2011

The graphic above shows total closed sales volume (on the left axis), and total units sold (on the right axis) from 2000 to our forecast for  2011.  Helen Adams Realty predicts a 3% increase in units sold in 2011, and 1.7% increase in total volume sold in 2011. 

View our 2011 Real Estate Forecast on my website, www.fredholder.com/market_data

Fred Holder 2301 Randolph Road, Charlotte, NC 28207  704‐578‐6818  fholder@helenadamsrealty.com  www.fredholder.com 

On the Move Newsletter - Brought to You by Fred Holder  

Monthly newsletter by Helen Adams Realty about the real estate market in Charlotte, NC.

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