ONthe Move Market Ac vity and Trends for Charlo e & Surrounding Coun es
Mary Schurr
June 2013
704-591-5703 mary@maryschurr.com
Residential Closings - Entire MLS 4000 3500 3000 2500 2000
May 2012 - May 2013
$207,380 ASP $217,555 $227,913 $220,385 3268 ASP $204,335 ASP ASP ASP $204,413 $205,537 $206,051 $189,007 2607 2657 2653 ASP ASP 2575 ASP ASP $194,900 2339 2163 2244 2276 ASP 2043
$232,564 ASP $217,166 3402 ASP $216,445 2915 ASP 2621
1500 1000 500 0 May 12 Jun 12 Jul 12 Aug 12 Sept 12 Oct 12 Nov 12 Dec 12 Jan 13 Feb 13 Mar 13 Apr 13 May 13 ASP = Average Sold Price Data Courtesy Carolina MLS.
The Monthly Market Snapshot
+30.6% +25.8% Change in Closed Sales
Pending Sales
3,970
3,402
+12.9%
+7.0%
-27.5%
138
Change in New Lis ngs
Average Sales Price
Total Ac ve Lis ngs
Average Days List to Close
5,111
5.0%
12 Month Count– Pending Sales by Price Range 2.0%
2.0% 1.0%
1.0%
1.0%
4.0% under 100,000
20.2%
100,001‐150,000
22.9%
12.7%
150,001 ‐ 200,000 18.6%
200,001 ‐ 300,000 300,001 ‐ 450,000 450,001 ‐ 600,000
16.8%
600,001 ‐ 800,000
19.7%
20.3%
800,001 ‐ 1,000,000 19.2%
1,000,000 + 14.1%
under 100,000 100,001‐150,000 150,001 ‐ 200,000 200,001 ‐ 300,000 300,001 ‐ 450,000 450,001 ‐ 600,000 600,001 ‐ 800,000 800,001 ‐ 1,000,000 1,000,000 +
16.4%
As of June 6, 2013
As of June 6, 2013
Total Pending Sales = 34,503
Total Ac ve Lis ngs = 14,312 Percentages as reported by CRRA
Mary Schurr
Months Supply of Homes for Sale
$232,564 14,312
Current Active Listings by Price Range 3.0 %
5.0
Data Courtesy Carolina MLS—Based on a rolling 12‐month average.
704-591-5703
mary@maryschurr.com
www.maryschurr.com
Page 2
On the Move - Helen Adams Realty
Closed Units by Area May 2013 - By MLS Areas
Units 1 Year Closed Change
Average Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill
2727
+31.5
$238,240
All of Mecklenburg County
1616
+31.5
$266,472
01 ‐ Mecklenburg County (N)
253
+19.3
$185,125
02 ‐ Mecklenburg County (E)
166
+22.1
$143,670
03 ‐ Mecklenburg County (SE)
100
+8.7
$143,631
04 ‐ Mecklenburg County (SSE)
188
+22.9
$366,651
05 ‐ Mecklenburg County (S)
337
+40.4
$432,248
06 ‐ Mecklenburg County (SSW)
153
+86.6
$221,779
07 ‐ Mecklenburg County (SW)
101
+32.9
$160,439
08 ‐ Mecklenburg County (W)
56
+9.8
$79,422
09 ‐ Mecklenburg County (NW)
118
+16.8
$176,865
10 ‐ Union County
336
+32.3
$250,378
11 ‐ Cabarrus County
202
+16.1
$172,022
12 ‐ Iredell County
230
+47.4
$275,150
13 ‐ Lake Norman
178
+35.9
$461,571
14 ‐ Lincoln County
76
+11.8
$169,617
15 ‐ Lake Wylie
63
+37.0
$354,981
16 ‐ Gaston County
225
+28.6
$124,721
17 ‐ York County, SC
279
+18.7
$217,171
99 ‐ Uptown Charlo e
34
+112.5
$290,738
3402
+30.6
$232,564
TOTAL (for All CMLS Area)
Pending Sales Quick Facts
+50.5%
Residential Single Family, Townhomes & Condos MLS Area
Volume 6, Issue 6
Percent of Original List Price Received
Price Range with Strongest Sales: $300,001 and above
+40.2% # Bedrooms Strongest Sales: 4 BR or More
+45.3% Property Type Strongest Sales: Condos
Pending Sales by Price Range
Pending Sales by Bedroom Count
Pending Sales by Property Type
92.2%
5-2012
94.3%
5-2013
+2.3%
+/-
Data Courtesy Carolina MLS & 10K Research and Marke ng.
On the Move - Helen Adams Realty
Volume 6, Issue 6
Pending Contracts
May. 12
Average Residential Sales Price
May. 12
3038 3274
Jul. 12
Sep. 12
2573 2738 2490 2150 2925 3089
Nov. 12 Jan. 13
Nov. 12 Jan. 13
Mar. 13
3801 3933 3970
May. 13 0
1000
2000
$217,553 $227,913 $220,385 $207,380 $206,051 $204,336 $204,413 $205,537 $189,007 $194,900 $216,445 $217,166 $232,564
Jul. 12
1738 1665
Sep. 12
Page 3
3000
4000
Mar. 13 May. 13 5000
$‐
$50,000 $100,000 $150,000 $200,000 $250,000
Data provided by MLS—Based on accepted contracts for the given month.
30 Year Fixed Mortgage Rates
New Listings 3.9
May. 12
4476 4146 3930 4311
Jul. 12 Sep. 12
3290 3448 3028
Nov. 12
3.8 3.8 3.7 3.6
3.68
3.55
3.57
3.6 3.47
3.5
2342 Jan. 13
3838 4207
Mar. 13 May. 13 0
3.45
3.4 3.4
4778 5115 5111 1000 2000 3000 4000 5000 6000
3.54
3.53
3.35
3.41 3.35
3.3 3.2 3.1
May. 12 Jun. 12 Jul. 12 Aug. 12 Sep. 12 Oct. 12 Nov. 12 Dec. 12 Jan. 13 Feb. 13 Mar. 13 Apr. 13May. 13 Source: Freddie Mac, NAR, March. 2013
Mary Schurr
704-591-5703
mary@maryschurr.com
www.maryschurr.com
Page 4
On the Move - Helen Adams Realty
Volume 6, Issue 6
May 2013 Home Market Overview Bidding Wars Caused by Lack of Inventory and Subdued Lis ng Ac vity Reprinted from CRRA Monthly Indicators, April 2013 We're halfway through the year and it seems our collective attention has shifted from monitoring price and sales gains to eagerly anticipating more new listing activity on the part of sellers. This shift is the result of an imbalance between strong demand for homes and constrained supply. In some markets, purchase agreements are being written up directly after a showing. Your experience and local market conditions may differ, but the market as a whole has summertime heat.
New Listings in the Charlotte region increased 12.9 percent to 5,111. Pending Sales were up 25.8 percent to 3,970. Inventory levels shrank 27.5 percent to 14,312 units. Prices turned higher. The Median Sales Price increased 4.8 percent to $173,000. List to Close was down 7.1 percent to 138 days. Absorption rates improved as Months Supply of Inventory was down 46.5 percent to 5.0 months.
Mary Schurr 704-591-5703 mary@maryschurr.com www.maryschurr.com
Interest rate risk is back in the headlines after Fed chief Ben Bernanke's latest testimony on Capitol Hill. The Federal Reserve Bank is considering decreasing its $85 billion a month bond asset purchases, which have been holding interest rates at or near historic lows. This is mostly the result of an improving jobs market, which is a good thing for real estate.
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