Page 1

ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties  

MAY 2011 Brought to you by Fred Holder 

www.helenadamsrealty.com

Residential Closings - Entire MLS

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

-15%

-25.0% -26.1% +1.0%

Change in  Closed Sales 

Pending Sales 

Change in  New Listings 

-16.5%

Average Sales Price 

There were 1882 total closings in April 2011, down 15% compared  to  April  2010.    64%  of  all  home  sales  in  April  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 April 2011 was $203,428, up 1.0% from April  2010.    In  April  2011,  new  listings  decreased  by  26%,  pending  sales  decreased by 25%, and total active listings decreased by 16.5%.  

April Closed Sales by Price Range

1% 2%

1% 1% 3% Under $100,000

3% 5% 20%

154

$100,001 - $150K

11%

17%

$200,001 - $300K

17%

$450,001 - $600K

$800,001 - $1M

20%

16%

Over $1 Million

Total Active Listings = 22,999 

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

$600,001 - $800K

20%

$150,001 - $200K

28%

$300,001 - $450K

18%

Under $100,000 $100,001 - $150K

10%

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

5%

2%

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

Data Courtesy Carolina MLS. 

Total Sold April, 2011 = 1882  

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


Page 2

On the Move - Helen Adams Realty

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

One Year

Average

Closed

Change

Sales Price

All of Mecklenburg County 

882

‐14.9

$226,134

Charlotte ‐ Gastonia ‐ Rock Hill 

1472

‐17.2%

$209,412

01 ‐ Mecklenburg County (N)   

149

‐27.3%

$ 150,000 

02 ‐ Mecklenburg County (E)   

106

‐2.8%

$ 118,359 

03 ‐ Mecklenburg County (SE)   

64  

‐19.0%

$ 129,108 

04 ‐ Mecklenburg County (SSE)   

88 

0%

$ 333,461 

05 ‐ Mecklenburg County (S)   

162

‐14.3%

$ 363,878 

06 ‐ Mecklenburg County (SSW)   

62 

‐11.4%

$ 216,985 

07 ‐ Mecklenburg County (SW)   

71   

0%

$ 135,671 

08 ‐ Mecklenburg County (W)   

38 

‐44.9%

$ 79,840 

10 ‐ Union County   

174 

‐24.7%

$ 225,211 

11 ‐ Cabarrus County   

149  

‐13.9%

$ 165,917 

12 ‐ Iredell County   

135

‐13.5%

$ 232,491 

13 ‐ Lake Norman   

98 

+12.6%

$ 427,334 

14 ‐ Lincoln County   

47   

‐17.5%

$ 161,987 

15 ‐ Lake Wylie   

34   

0%

$ 381,836 

16 ‐ Gaston County   

119 

‐36.7%

$ 125,991 

17 ‐ York County   

139 

‐1.4%

$ 209,062 

42 ‐ Mtn. Island Lake   

14  

+22%

$237,792 

99 ‐ Uptown Charlotte   

16 

+6.7%

$267,566 

1882

-15.8%

$203,428

MLS Area

TOTAL (for All CMLS Area)

Volume 4, Issue 5

April Home Sales Snapshot +5.9% Price Range with  Strongest Sales:  Under $100,000

-7.5%

-12.7%

# Bedrooms  Strongest Sales:  4+ bedrooms

Property Type   Strongest Sales:  Single Family

Data Courtesy Carolina MLS & 10K Research and Marketing. 


On the Move - Helen Adams Realty

Volume 4, Issue 5

Page 3

Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

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

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


Page 4

On the Move - Helen Adams Realty

Volume 4, Issue 5

April 2011 Home Sales Overview Positive News Suggests Recovery is Under Way                                              Data and article excerpts from CMLS & 10K Research and Marketing.  Due  to  the  2010  tax  credit,  current  market  activity  can  look  drastically  different  than  it  did  one  year  ago,  but  there  is  some  positive  news  in  the  mix  to  suggest  that  recovery  is  under way.  Inventory  levels  in  April  shrank  16.5  percent  to 22,999 units – a positive trend that should  preserve market balance. Prices were more or  less  stable.  The  Median  Sales  Price  increased 

2.0 percent to $153,000. The List to Close met‐ ric  increased  8.6  percent  to  154  days.  The  supply‐demand  balance  improved  as  Months  Supply  of  Inventory  was  down  9.8  percent  to  12.5  months.  The  segment  of  homes  that  tended  to  sell  quickest  was  the  $100,00  and  below  range  at  127  average  days  on  market.  Single family homes saw the largest price gain.  Nationally, the interest rate is 5.0 percent on a 

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

30‐year fixed conventional and the unemploy‐ ment  rate  edged  up  to  9.0  percent  in  April,  even as the economy added 244,000 jobs. Job  seekers showed more confidence, a potential  indicator  of  future  housing  demand.  Moving  forward,  expect  a  different  story  to  unfold  in  our market. We'll soon be comparing current  activity  to  a  post‐credit  slump  that  occurred  during the summer and fall of 2010. 

On the Move Newsletter - May 2011 - Brought to You by Fred Holder  

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

Read more
Read more
Similar to
Popular now
Just for you