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ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties

APRIL 2010 www.helenadamsrealty.com

Timothy Jones, ABR, SFR

Residential Closings - Entire MLS 2009 - 2010 ASP = Average Sold Price Data Courtesy Carolina MLS.

The average closing price for the Charlotte area in March 2010 was $197,564, up approximately 3.2% compared to 2009. Average days on market was 144.9 for the month of March, 2010.

There were 1900 total closings in March 2010, up 12.1% compared to 2009. The bulk of home sales continues to be in the lower price ranges, with 79% of sales in the $250,000 and under category.

Current Active Listings by Price Range

March 2010 Closed Sales by Price Range

3% 9% 11%

22%

.08% 5% 6%

Under $120,000 $120 - $150,000 $150 - $250,000

14%

10%

$250 - $350,000

$250 - $350,000

28%

$500K - $1 Million

29%

Over $1 Million

$120 - $150,000 $150 - $250,000

36%

$350 - $500,000

13%

Under $120,000

15%

$350 - $500,000 $500K - $1 Million Over $1 Million

Total Active Listings = 25,526

Total Sold March 2010 = 1900

Data Courtesy Carolina MLS.

Data Courtesy Carolina MLS.

www.charlottefinehomes.net


Page 2

On the Move - Helen Adams Realty

Volume 2, Issue 4

Total Closed Units March 2010 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area

Units Closed

Total Closed Volume

Average Closing Price

01 - Mecklenburg County (N)

159

$ 29,225,252

$ 183,806

02 - Mecklenburg County (E)

122

$ 14,970,423

$ 122,708

03 - Mecklenburg County (SE)

75

$ 12,119,845

$ 161,597

04 - Mecklenburg County (SSE)

74

$ 19,460,197

$ 262,975

05 - Mecklenburg County (S)

153

$ 55,678,891

$ 363,914

06 - Mecklenburg County (SSW)

63

$ 12,274,336

$ 194,830

07 - Mecklenburg County (SW)

72

$ 10,141,913

$ 140,859

08 - Mecklenburg County (W)

57

$ 4,756,780

$ 83,452

09 - Mecklenburg County (NW)

90

$ 14,288,549

$ 158,761

10 - Union County

164

$ 42,554,278

$ 259,477

11 - Cabarrus County

148

$ 25,618,587

$ 173,098

12 - Iredell County

90

$ 12,457,253

$ 138,413

47 percent of homes closed in 121+ days.

13 - Lake Norman

72

$ 29,239,110

$ 406,098

16 percent of homes closed in 91-120 days.

14 - Lincoln County

24

$ 3,308,754

$ 137,864

18 percent of homes closed in 61-90 days.

15 - Lake Wylie

23

$ 9,138,423

$ 397,322

16 percent of homes closed in 31-60 days.

16 - Gaston County

140

$ 15,366,374

$ 109,759

3 percent of homes closed in 0-30 days.

17 - York County

121

$ 24,367,790

$ 201,386

20 - Alexander County

3

$ 581,000

$ 193,666

21 - Rowan County

64

$ 8,076,101

$ 126,189

22 - Cleveland County

25

$ 3,108,799

$ 124,351

23 - Stanly County

22

$ 2,872,760

$ 130,580

24 - Lancaster County

40

$ 9,669,483

$ 241,737

25 - Anson County

6

$ 437,900

$ 72,983

29 - Catawba County

15

$ 1,723,300

$ 114,886

35 - Chester County

6

$ 462,400

$ 77,066

42 - Mtn. Island Lake

19

$ 4,590,104

$ 241,584

99 - Uptown Charlotte

13

$ 3,620,100

$ 278,469

TOTAL (ALL MLS)

1900

$375,372,052

Days on Market The following statistics apply to Jan. 6 to Feb. 5, 2010, and reflect days on market from the original listing date to the recorded closing date.

Listing Date to Closing Date 42 sold in 0-30 days

215 sold in 31-60 days

641 sold

244 sold

in 121+ days

in 61-90 days

221 sold

in 91-120 days

$197,564 Average List to Close March. = 144.9 days Data Courtesy Carolina MLS.

www.charlottefinehomes.net


On the Move - Helen Adams Realty

Volume 2, Issue 4

Page 3

Pending Contracts

Average Residential Closing Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, March 2010

www.charlottefinehomes.net


Page 4

On the Move - Helen Adams Realty

Volume 2, Issue 4

Sales Volume & Units Sold, By Year Total Volume of Home Sales in 2010 Will be Similar to Total Home Sales in Year 2009 & 2001

The graphic above shows total closed sales volume (on the left axis), and total units sold (on the right axis) from 2000 to our forecast for 2010. Helen Adams Realty predicts a 4% increase in units sold in 2010, but no increase in total volume, due to the decrease in average home sale price.

Timothy Jones, ABR, SFR 704.488.9185 Tim.Jones@charlottefinehomes.net www.CharlotteFineHomes.net Helen Adams Realty RANDOLPH ROAD 2301 Randolph Road, Charlotte, NC 28207 800-851-5253 / www.helenadamsrealty.com

View the entire Helen Adams 2010 Forecast by visiting:

www.helenadamsrealty.com/resources


Charlotte, NC Market Statistics