Page 1

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

JuLY 2012

Residential Closings - Entire MLS

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

+14.0% Change in Closed Sales

+8.9% Pending Sales

-0.8%

+5.3%

-17.4%

Change in New Lis ngs

Average Sales Price

Total Ac ve Lis ngs

139 Average Days List to Close

9.3 Months Supply of Homes for Sale

There were 2657 total closings in June 2012, up 14% compared to June 2011. 64% of all home sales in June 2012 were in the $200,000 and under category. The average closing price for the

Charlo e metro area in June 2012 was $227,924, up 5.3% from June 2011. In June 2012, new lis ngs decreased by 0.8%, pending sales increased by 8.9%, total ac ve lis ngs decreased by 17.4%.

Current Active Listings by Price Range

June 2012 Sales by Price Range

Total Ac ve Lis ngs = 19,510

Total Pending Sales = 25,152 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 June 2012 - By MLS Areas

Units 1 Year Closed Change

Average Sales Price

Charlo e ‐ Gastonia ‐ Rock Hill

2101

+13.6

$ 237,411

All of Mecklenburg County

1238

+11.7

$ 255,593

01 ‐ Mecklenburg County (N)

184

‐8.5

$ 201,736

02 ‐ Mecklenburg County (E)

141

+11.9

$ 115,137

03 ‐ Mecklenburg County (SE)

77

‐2.5

$ 138,615

04 ‐ Mecklenburg County (SSE)

148

+43.7

$ 337,750

05 ‐ Mecklenburg County (S)

278

+26.9

$ 431,842

06 ‐ Mecklenburg County (SSW)

100

+25.0

$ 240,247

07 ‐ Mecklenburg County (SW)

70

‐18.6

$ 153,212

08 ‐ Mecklenburg County (W)

56

+7.7

$ 73,616

09 ‐ Mecklenburg County (NW)

96

+17.1

$ 148,304

10 ‐ Union County

260

+5.3

$ 257,835

11 ‐ Cabarrus County

200

+21.2

$ 189,696

12 ‐ Iredell County

191

+13.0

$ 231,419

13 ‐ Lake Norman

137

+17.1

$ 395,525

14 ‐ Lincoln County

67

+21.8

$ 208,017

15 ‐ Lake Wylie

57

+46.2

$ 390,683

16 ‐ Gaston County

177

+27.3

$ 162,403

17 ‐ York County, SC

217

+18.6

$ 220,989

42 ‐ Mtn. Island Lake

17

+35.3

$ 179,607

99 ‐ Uptown Charlo e

28

+75.0

$ 228,781

2657

+14.0

$227,924

TOTAL (for All CMLS Area)

June Home Sales Snapshot +23.2%

Residential Single Family, Townhomes & Condos MLS Area

Volume 5, Issue 7

Price Range with Strongest Sales: $200-300,000

+16.9% # Bedrooms Strongest Sales: 2 BR or Less

+21.6% Property Type Strongest Sales: Condos

Data Courtesy Carolina MLS & 10K Research and Marke ng.


Our New Agents 2011-2012

helen adams realty proudly presents

ROBIN CARUSO

Ballantyne Office

dawn gilliam

Ballantyne Office

ANN MURPHY STEPHANIE THOMAS

Ballantyne Office Ballantyne Office

rosalyn kartes

Randolph Office

JAmi & Jack PRINCE

Ballantyne Office

libby gonyea

Randolph Office

brie hoppenfeld caroline jackson jessica johnson

Randolph Office

Randolph Office

Randolph Office

kari kessell

sasha levons

brock norris christina provett cara shields

Randolph Office

Randolph Office

Randolph Office Randolph Office

Lake Norman

Gina Mauney

Ballantyne Office

Randolph Office

david sinclair alan sussman

Jyla rollinson

TRACY JONES

Ballantyne Office

david rowles

Lake Norman

jess Babbington

Lake Norman

Randolph Office

Randolph Office

Wil McKee

kelly mixon

randi nickason

Lake Norman

Lake Norman

Lake Norman

melanie spence pepper stanford

Lake Norman

Lake Norman

Martha & robert Tremblay Lake Norman

This year, our team helped 30 new AGENTS find success, what can we help YOU find? Learn more at www.HelenAdamsRealty.com BALLANTYNE OFFICE 15235-J JOHN J. DELANEY DR. CHARLOTTE, NC 28277 704.341.0279

RANDOLPH OFFICE 2301 RANDOLPH ROAD CHARLOTTE, NC 28207 704.375.8598

LAKE NORMAN OFFICE 8600 SAM FURR ROAD SUITE150 HUNTERSVILLE, NC 28078 704.439.3300


On the Move - Helen Adams Realty

Volume 5, Issue 7

Pending Contracts

Page 3

Average Residential Sales Price

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.

www.helenadamsrealty.com


Page 4

On the Move - Helen Adams Realty

Volume 5, Issue 7

June 2012 Home Sales Overview Residen al Real Estate Takes Meaningful Strides Towards Recovery                          Data and ar We’re halfway through 2012, and what a year it’s been. Residen al real estate has finally taken some meaningful strides toward recovery, and they’ve all been self‐powered without divine (or governmental) interven on. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed

improvement. Let's see what the rest of our local data has to say. New Lis ngs in the Charlo e region decreased 0.8 percent to 4,109. Pending Sales were up 8.9 percent to 2,506. Inventory levels shrank 17.4 percent to 19,510 units. Prices moved higher. The Median Sales Price increased 9.4 percent to $171,500. List to Close was down 8.4 percent to 139 days. The supply‐demand balance stabilized as Months Supply of Inventory was down 29.0 percent to 9.3 months.

RANDOLPH ROAD 2301 Randolph Road, Charlo e, NC 28207 BALLANTYNE 15235‐J John J. Delaney Dr., Charlo e, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

cle excerpts from CMLS Monthly Indicators

We seem to be at a cri cal inflec on point in our search for more employment opportuni es. Job growth provides the dual benefit of s mula ng new household growth as well as relieving distressed homeowners. There's also the posi ve feedback loop of housing crea ng jobs and jobs crea ng housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid‐2013.

July On the Move  

Helen Adams monthly newsletter

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