Page 1

ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties

Mary Schurr

JUNE 2011

704-591-5703

www.helenadamsrealty.com

mary@maryschurr.com

Residential Closings - Entire MLS

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

-11.5%

+13.5% -11.7% +0.6% -17.3%

Change in Closed Sales

Pending Sales

Change in New Listings

Average Sales Price

154

Total Active Listings

12.5

Average Days on Market

Months Supply of Homes for Sale

There were 2194 total closings in May 2011, down 11.5% compared to May 2010. 64% of all home sales in May 2011 were in the $200,000 and under category. The average closing price for

the Charlotte metro area in May 2011 was $208,999, up 0.6% from May 2010. In May 2011, new listings decreased by 11.7%, pending sales increased by 13.5%, and active listings decreased by 17.3%.

Current Active Listings by Price Range

May, 2011 Sales by Price Range

2% 1% 3% 5% 19%

1% 1% 3%

Under $100,000

11%

17%

$200,001 - $300K

17%

$450,001 - $600K

$800,001 - $1M

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

$600,001 - $800K

20%

$150,001 - $200K

28%

$300,001 - $450K

18%

$100,001 - $150K

10%

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

Under $100,000

2%

$100,001 - $150K

20%

Over $1 Million

16%

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

Total Active Listings = 22,763

Total Sold May, 2011 = 2194 Data Courtesy Carolina MLS.

Mary Schurr

704-591-5703

mary@maryschurr.com

www.maryschurr.com


Page 2

On the Move - Helen Adams Realty

Closed Units by Area

May Home Sales Snapshot

May 2011 - All MLS Areas

+6.1%

Residential Single Family, Townhomes & Condos Units Closed

1 Year Change

Average Sales Price

Charlotte - Gastonia - Rock Hill

1736

-12.7%

$216,529

All of Mecklenburg County

1061

-8.9%

$226,492

01 - Mecklenburg County (N)

200

-2.4%

$ 170,814

02 - Mecklenburg County (E)

114

-10.2%

$ 118,066

03 - Mecklenburg County (SE)

63

-26.7%

$ 113,301

04 - Mecklenburg County (SSE)

104

-5.5%

$ 326,045

05 - Mecklenburg County (S)

218

+3.8%

$ 381,986

06 - Mecklenburg County (SSW)

88

+10%

$ 205,775

07 - Mecklenburg County (SW)

75

-9.6%

$ 134,635

08 - Mecklenburg County (W)

43

-50%

$ 72,505

09 - Mecklenburg County (NW)

82

-14.6%

$158,313

10 - Union County

230

+1.3%

$ 278,872

11 - Cabarrus County

155

-25.8%

$ 156,069

12 - Iredell County

145

-13.2%

$ 240,937

13 - Lake Norman

77

-31.3%

$ 503,223

14 - Lincoln County

61

-10.3%

$ 140,981

15 - Lake Wylie

22

-52.2%

$320,740

16 - Gaston County

140

-27.8%

$ 122,803

17 - York County, SC

142

-24.1%

$ 206,763

42 - Mtn. Island Lake

18

-25%

$123,909

99 - Uptown Charlotte

19

0%

$185,380

2194

-11.5%

$208,999

MLS Area

TOTAL (for All CMLS Area)

Volume 4, Issue 6

Price Range with Strongest Sales: Under $100,000

-5.7% # Bedrooms Strongest Sales: 4+ bedrooms

-11.5% Property Type Strongest Sales: Single Family

Data Courtesy Carolina MLS & 10K Research and Marketing.


On the Move - Helen Adams Realty

Volume 4, Issue 6

Page 3

Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

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

Mary Schurr

704-591-5703

mary@maryschurr.com

www.maryschurr.com


Page 4

On the Move - Helen Adams Realty

Volume 4, Issue 6

May 2011 Home Sales Overview Road to Recovery Starts from the Bottom Up The road to recovery can look similar to a locomotive coming around a bend. Some cars have already made it around the curve while others haven't yet reached it. The same can be said of various market segments. For the 12-month period spanning June 2010 through May 2011, Pending Sales in the Charlotte region were down 12.6 percent from the same period a year

Data and article excerpts from CMLS & 10K Research and Marketing.

prior. However, the largest gain occurred in the $100,000 and Below range, where they increased 6.1 percent to 6,060 units. Nationally, the interest rate dropped to 4.88 percent on a 30-year fixed conventional while the unemployment rate snuck up to 9.1 percent in May. The economy added 54,000 jobs, which was far less than April.

Mary Schurr

The slowest job growth occurred in industries dependent on discretionary spending that's now going to the gas pump. As recovery goes, so goes positive trends. Some metrics should continue to show favorable movement compared to the post-credit slump seen during the summer and fall of last year.

RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207

704-591-5703

BALLANTYNE

mary@maryschurr.com

15235-J John J. Delaney Dr., Charlotte, NC 28277

www.maryschurr.com

LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

June 2011 Mary Schurr Charlotte NC Newletter  

An update about the Charlotte NC Real Estatet Market with stats from May 2011

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