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ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties   Eric Layne 

JULY 2011

704‐780‐3413 eric.layne@helenadamsrealty.com 

www.helenadamsrealty.com

Residential Closings - Entire MLS

June 2010 - June 2011 ASP = Average Sold Price  Data Courtesy Carolina MLS. 

-8.1%

+18%

Change in  Closed Sales 

Pending Sales 

-19.2% +3.9% -19.3% Change in  New Listings 

Average Sales Price 

There were 2332 total closings in June 2011, down 8.1% compared  to  June  2010.    63%  of  all  home  sales  in  June  2011  were  in  the  $200,000  and  under  category.  The  average  closing  price  for  the 

Current Active Listings by Price Range

Total Active  Listings 

12.5

Average Days   Months Supply of  on Market  Homes for Sale 

Charlotte metro area in June 2011 was $216,399, up 3.9% from June  2010.  In June 2011, new listings decreased by 19.2%, pending sales  increased by 18%, and active listings decreased by 19.3%.  

June 2011 Sales by Price Range

2% 1%

1% 1% 4% Under $100,000

3% 4% 19%

152

$100,001 - $150K

10%

17%

$200,001 - $300K

17%

$450,001 - $600K

$800,001 - $1M

19%

Over $1 Million

Total Active Listings = 22,362 

$300,001 - $450K $450,001 - $600K

$600,001 - $800K

20%

$150,001 - $200K

28%

$300,001 - $450K

18%

$100,001 - $150K

11%

$150,001 - $200K $200,001 - $300K

Under $100,000

3%

16%

$600,001 - $800K $800,001 - $1M Over $1 Million

Data Courtesy Carolina MLS. 

Total Sold June, 2011 = 2332  

ERIC LAYNE                      704‐780‐3413                              eric.layne@helenadamsrealty.com                          www.metrocharlottemarket.com 


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On the Move - Helen Adams Realty

Closed Units by Area May 2011 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area

Units

1 Year

Average

Closed Change Sales Price Charlotte ‐ Gastonia ‐ Rock Hill 

1843

‐11.0%

$223,969

All of Mecklenburg County 

1110

‐11.4%

$235,816

01 ‐ Mecklenburg County (N)   

201

‐12.6%

$ 178,867 

02 ‐ Mecklenburg County (E)   

126

‐24.1%

$ 108,024 

03 ‐ Mecklenburg County (SE)   

80  

‐2.4%

$ 150,393 

04 ‐ Mecklenburg County (SSE)   

103 

+7.3

$ 310,488 

05 ‐ Mecklenburg County (S)   

226

‐7.0%

$ 405,461 

06 ‐ Mecklenburg County (SSW)   

73 

‐24.7%

$ 240,954 

07 ‐ Mecklenburg County (SW)   

86   

+8.9

$ 127,456 

08 ‐ Mecklenburg County (W)   

52 

‐16.1%

$ 82,025 

09 ‐ Mecklenburg County (NW)   

82

‐29.9%

$161,804

10 ‐ Union County   

247 

‐3.5%

$ 268,453 

11 ‐ Cabarrus County   

155 

‐6.3%

$ 189,333 

12 ‐ Iredell County   

169

+17.4

$ 233,847 

13 ‐ Lake Norman   

118 

‐10.6%

$ 432,539 

14 ‐ Lincoln County   

55

‐24.7%

$ 161,459 

15 ‐ Lake Wylie   

39  

0%

$295,510

16 ‐ Gaston County   

139 

‐22.8%

$ 133,232 

17 ‐ York County, SC  

175 

‐10.7%

$ 198,721 

42 ‐ Mtn. Island Lake   

26 

+38.5

$225,732 

99 ‐ Uptown Charlotte   

16 

‐20%

$238,888 

2332

-8.1%

$216,399

TOTAL (for All CMLS Area)

Volume 4, Issue 7

May Home Sales Snapshot +7.5% Price Range with  Strongest Sales:  Under $100,000

-4.9% # Bedrooms  Strongest Sales:  4+ bedrooms

-9.6% Property Type   Strongest Sales:  Single Family

Data Courtesy Carolina MLS & 10K Research and Marketing. 


On the Move - Helen Adams Realty

Volume 4, Issue 7

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Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

Source:  Freddie Mac, NAR, June, 2011  Data Courtesy Carolina MLS. 

ERIC LAYNE                      704‐780‐3413                              eric.layne@helenadamsrealty.com                          www.metrocharlottemarket.com 


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On the Move - Helen Adams Realty

Volume 4, Issue 7

June 2011 Home Sales Overview Local Data Offers More Reliable Forecast Than National Headlines                                              Data and article excerpts from CMLS & 10K  Where  is  our  market  is  heading?  Some  ac‐ counts  are  optimistic  while  others,  well,  aren't.  The  good  news  is  that  local  data  offers  a  more  reliable  tone  than  national  sound  bites  can  offer.  When  it  comes  to  hearing  our  market's  true  message,  let's  listen.  New  Listings  in  the  Charlotte  region  decreased  19.2  percent  to  4,067.  Pending  Sales were up 18.0 percent to 2,358.  

Inventory levels  shrank  19.3  percent  to  22,362  units,  but  even  choosy  buyers  can  find  top‐notch  homes.  This  price  needle  wouldn't budge this time. The Median Sales  Price declined  3.7 percent to  $156,750.  List  to Close increased 6.4 percent to 152 days.  Consumers  were  absorbing  homes  more  quickly  as  Months  Supply  of  Inventory  was  down  7.4  percent  to  12.5  months.  Afforda‐

Eric Layne 2301 Randolph Road, Charlotte, NC 28207  704‐780‐3413  eric.layne@helenadamsrealty.com  www.metrocharlottemarket.com 

bility also improved.   On  the  national  front,  the  interest  rate  dropped to 4.79 percent on a 30‐year fixed  conventional and 4.44 percent for FHA. The  unemployment rate has been stable around  9.0  percent  and  initial  unemployment  claims  have  continued  to  fall.  Wages  and  payroll jobs are also improving slowly.  

July 2011 - On the Move Newsletter - Brought to You by Eric Layne  

Monthly newsletter published by Helen Adams Realty detailing news and statistics about the Charlotte, NC area real estate market.

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