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

MARCH 2012

Cara Brillhart Shields

Residential Closings - Entire MLS

704-517-4972 cara@helenadamsrealty.com

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

+21.8 Change in Closed Sales

+21.8% Pending Sales

-5.0%

+2.1% -22.6%

Change in New Lis ngs

Average Sales Price

Total Ac ve Lis ngs

150 Average Days List to Close

8.9 Months Supply of Homes for Sale

There were 1614 total closings in Feb. 2012, up 21.8% compared to Feb. 2011. 64% of all home sales in Feb. 2012 were in the $200,000 and under category. The average closing price for the Charlo e

metro area in Feb. 2012 was $184,775, down 2.1% from Feb. 2011. In Feb. 2012, new lis ngs decreased by 5.0%, pending sales increased by 21.8%, total ac ve lis ngs decreased by 22.6%.

Current Active Listings by Price Range

February 2012 Sales by Price Range

Total Ac ve Lis ngs = 17,811

Total Pending Sales = 23,955 Data Courtesy Carolina MLS.

CARA BRILLHART SHIELDS

704-517-4972

cara@helenadamsrealty.com

www.helenadamsrealty.com


Page 2

On the Move - Helen Adams Realty

Closed Units by Area February 2012 - By MLS Areas

Residential Single Family, Townhomes & Condos MLS Area

Units 1 Year Closed Change

Average Sales Price

Charlo e ‐ Gastonia ‐ Rock Hill

1237

+23.1 

$183,769

All of Mecklenburg County

706

+23.0 

$182,230

01 ‐ Mecklenburg County (N)

129

+33.0 

$ 143,880

02 ‐ Mecklenburg County (E)

93

+22.4 

$ 99,098

03 ‐ Mecklenburg County (SE)

62

+51.2 

$ 123,732

04 ‐ Mecklenburg County (SSE)

57

‐3.4 

$ 272,727

05 ‐ Mecklenburg County (S)

107

+8.1 

$ 331,602

06 ‐ Mecklenburg County (SSW)

46

‐14.8 

$ 193,575

07 ‐ Mecklenburg County (SW)

64

+73.0 

$ 137,818

08 ‐ Mecklenburg County (W)

35

‐18.6 

$ 63,977

09 ‐ Mecklenburg County (NW)

70

+70.7 

$ 134,698

10 ‐ Union County

158

+32.8 

$ 249,238

11 ‐ Cabarrus County

124

+6.9 

$ 171,815

12 ‐ Iredell County

123

+26.8 

$ 258,790

13 ‐ Lake Norman

71

+31.5 

$ 426,621

14 ‐ Lincoln County

47

+9.3 

$166,79

15 ‐ Lake Wylie

21

‐8.7 

$293,633

16 ‐ Gaston County

113

+20.2 

$115,897

17 ‐ York County, SC

128

+26.7 

$ 186,086

42 ‐ Mtn. Island Lake

17

+35.3 

$179,607

99 ‐ Uptown Charlo e

14

+133.3 

$243,214

1614

+21.8 

$184,775

TOTAL (for All CMLS Area)

Volume 5, Issue 3

Feb. Home Sales Snapshot +15.8%

+9.6%

Price Range with Strongest Sales: Under $100,000

# Bedrooms Strongest Sales: 4+ bedrooms

+8.0% Property Type Strongest Sales: Single-Family

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


On the Move - Helen Adams Realty

Volume 5, Issue 3

Page 3

Pending Contracts

Average Residential Sales Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, Feb. 2012 Data Courtesy Carolina MLS.

CARA BRILLHART SHIELDS

704-517-4972

cara@helenadamsrealty.com

www.helenadamsrealty.com


Page 4

On the Move - Helen Adams Realty

Volume 5, Issue 3

February 2012 Home Sales Overview Consumer Confidence on the Rise 

 

 

 

It may be a Leap Year, but February is more of a Connect Month for repor ng residen‐ al real estate data in 2012. That's because it's a buffer between the tradi onally slow winter months and what is poten ally go‐ ing to be an interes ng and encouraging spring selling season. But let's not look past brief but brassy February so quickly. A er all, it grew a whole day taller this year. Let's give the o ‐overlooked month its due be‐ cause the numbers are mostly posi ve at first blush.

New Lis ngs in the Charlo e region de‐ creased 5.0 percent to 3,958. Pending Sales were up 21.8 percent to 1,969. Inventory levels shrank 22.6 percent to 17,811 units. Prices were fairly stable. The Median Sales Price increased 0.5 percent to $145,450. List to Close was down 2.4 percent to 150 days. Absorp on rates improved as Months Sup‐ ply of Inventory was down 28.3 percent to 8.9 months.

Broker/Realtor® 2301 Randolph Road, Charlotte, NC 28207

cara@helenadamsrealty.com

 Data and ar

Consumer confidence is as high as it has been in a year, and the Federal Reserve

Cara Brillhart Shields, ABR, ALHS

704-517-4972

 

cle excerpts from CMLS &10K Research Marke ng.

reported growth in all of its 12 banking districts in 2012 through the first half of February, including more hiring and home sales. There are s ll some challenges to work through, but pessimism is no longer in vogue. Laments over things like unemploy‐ ment and high gas prices are being re‐ placed with cha er about job prospects and sensible home shopping. The economy and housing market are by no means recov‐ ered, but it's okay to think posi ve.


March 2012 On the Move Newsletter - Brought to You by Cara Shields