Issuu on Google+

ON the MOVE Market Activity and Trends for Charlotte & Surrounding Counties

Mary Schurr

January 2014

704-591-5703 mary@maryschurr.com

Residential Closings - Entire MLS 4000 3500 3000 2500

December 2012 - December 2013

$232,649 $239,789 $232,851 $237,635 ASP ASP ASP ASP 3484 3527 3392

3401

$217,190 ASP

$220,866 $210,278 ASP ASP $223,725 $224,128 2825 2831 ASP ASP

$216,329 2915 ASP

$205,535 ASP $188,783 2618 ASP $194,708 2338 ASP

2160

2619

2636

2043

2000 1500 1000 500 0

Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sept 13 Oct 13 Nov 13 Dec 13

+12.8%

+10.9%

Change in closed sales

Pending Sales

2,636

2,133

+4.3%

Monthly Market Snapshot

+9.1%

-7.5%

-13.0%

-21.1%

Change in New Listings

Average Sales Price

Total Active Listings

Average Days List to Close

Months Supply of Homes for Sale

2,505

$224,128

13,918

136

4.8

(1)

(2)

(1) Data Represents change in data since this time last year. (2) Data Represents the most recent month’s data for CMLS.

Current Active Listings - By Price Range 21.7%

28.0%

12 Month Count– Pending Sales by Price Range 20.3%

21.3%

under 100,000

under 100,000

100,001-150,000

100,001-150,000

150,001 - 200,000

150,001 - 200,000 18.0%

200,001 - 300,000

13.9%

17.1%

Total Active Listings =13,918

Percentages as Reported in the CRRA Housing Supply Overview. Based on 1 Month of Activity.

Mary Schurr

200,001 - 300,000 300,001+

300,001+

18.4%

*As of january 7, 2014

20.4%

20.9%

704-591-5703

*As of January 7, 2014

Total Pending Sales =34,858

Percentages as reported in the CRRA Housing Supply Overview. Based on a rolling 12-month average.

mary@maryschurr.com

www.maryschurr.com


Page 2

Closed Units By Area December 2013 - By MLS Area

Units Closed

1 Year% Change

Average Sales Price

Charlotte- Gastonia- Rockhill

2113

+15.5

$227,311

All of Mecklenburg County

1169

+6.2

$244,011

01- Mecklenburg County (N)

187

-6.5

$189,266

02- Mecklenburg County (E)

132

-2.2

$143,252

03- Mecklenburg County (SE)

71

-30.4

$174,367

04- Mecklenburg County (SSE)

116

+28.9

$287,914

05- Mecklenburg County (S)

220

+10.6

$412,704

06- Mecklenburg County (SSW)

105

+40.0

$216,705

07- Mecklenburg County (SW)

88

-4.4

$180,848

08- Mecklenburg County (W)

64

+28.0

$105,885

09- Mecklenburg County (NW)

105

+29.6

$175,892

10- Union County

302

+31.9

$270,325

11- Cabarrus County

227

+26.8

$181,051

12- Iredell County

172

+4.9

$267,059

13- Lake Norman

112

+5.7

$469,886

14- Lincoln County

67

-14.1

$209,935

15- Lake Wylie

32

-3.0

$371,787

16- Gaston County

194

+31.1

$138,371

17- York County, SC

214

+27.4

$210,456

99- Uptown Charlotte

16

+0.0

$208,824

2636

+12.8

$224,128

TOTAl (for all CMLS Area)

Pending Sales Quick Facts +28.3%

Residential Single Family, Townhomes & Condos MLS Area

Volume 7, Issue 1

On The Move - Helen Adams Realty

Percent of Original List Price Received 92.3%

12-2012

93.2%

12-2013

+1.0%

+/-

Price Range with Strongest Sales: $200,001 to $300,000

+22.2% # Bedrooms Strongest Sales 2 Bedrooms or less

Pending Sales by Price Range

Pending Sales by Bedroom Count

Pending Sales by Property Type

Data Courtsey of MLS & 10K Research and Marketing

+25.1% Property Type Strongest Sales: Condos


Volume 7, Issue 1

Pending Contracts Dec.12 Jan.13 Feb.13 Mar.13 Apr.13 May.13 Jun.13 Jul.13 Aug. 13 Sept. 13 Oct. 13 Nov. 13 Dec. 13

Average Residential Sales Price

1941 2618 2786 3399 3587 3633 3259 3596 3079 2822 2989 2746 2133 0

Dec. 12 Jan. 13 Feb. 13 Mar. 13 Apr. 13 May. 13 Jun. 13 Jul. 13 Aug. 13 Sept.13 Oct. 13 Nov. 13 Dec. 13

500 1000 1500 2000 2500 3000 3500 4000

$205,535 $188,783 $194,708 $216,329 $217,190 $232,649 $239,789 $232,851 $237,635 $220,866 $210,278 $223,725 $224,128 $-

$50,000 $100,000 $150,000 $200,000 $250,000 $300,000

Data Provided by CRRA - Monthly Indicators Report

New Listings Dec. 12 Jan. 13 Feb. 13 Mar. 13 Apr. 13 May. 13 Jun. 13 Jul. 13 Aug. 13 Sept. 13 Oct. 13 Nov. 13 Dec. 13

4.6

3918 4302

4.2

4.07

3.8 3.53

3.6 3.4 3.35

3.57

3.41

5000

6000

704-591-5703

3.45

3 Dec.12 Jan.13 Feb.13 Mar.13 Apr.13 May.13 Jun.13 Jul.13 Aug. 13 Sept.13 Oct.13 Nov. 13 Dec. 13

Data Provided by CRRA - Monthly Indicators Report

Mary Schurr

3.54

3.2

2505 4000

4.26

4

3341 3000

4.46

4.37 4.19

4102 4160

2000

4.46 4.49

4.4

4943 5172 5170 4611 4843 4530

1000

Data Provided by CRRA - Monthly Indicators Report

30 year Fixed Mortgage Rates

2393

0

Page 3

On The Move - Helen Adams Realty

Source: Freddie Mac: www.freddiemac.com

mary@maryschurr.com

www.maryschurr.com


com

m

Page 4

On The Move - Helen Adams Realty

Volume 7, Issue 1

December 2013 Home Market Overview Market Climbs in 2013, Hoping for More in 2014! In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the nation, while foreclosure loads, the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied to multi-year highs. This, of course, varied by location and segment, but the proverbial glass appeared to be more than half full throughout the year.

Reprinted from December 2013 Monthly Indicators

New Listings in the Charlotte region increased 4.3 percent to 2,505. Pending Sales were up 10.9 percent to 2,133. Inventory levels shrank 7.5 percent to 13,918 units. Prices marched higher. The Median Sales Price increased 8.7 percent to $172,500. List to Close was down 13.0 percent to 136 days. Absorption rates improved as Months Supply of Inventory was down 21.1 percent to 4.8 months. Housing is fortified by confident consumers and good jobs. The year 2013

was marked by a slowly improving labor market stunted by political gridlock, and the Federal Reserve’s long-awaited taper announcement was not surprising. Interest rates remain low (but upwardly mobile), prices are still affordable, the employment picture looks decent and the stock market is up nearly 30.0 percent from this time last year. It’s no wonder that buyers were active in 2013. Here’s to more of the same in 2014.

Mary Schurr 704-591-5703

RANDOLPH ROAD

mary@maryschurr.com

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

www.maryschurr.com RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE 15235-J John J. Delaney Dr., Charlotte, NC 28277 LAKE NORMAN 8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078

2301 Randolph Road, Charlotte, NC 28207 BALLANTYNE

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


MarySchurrJan2014CharlotteNCNewsletter