Page 1

ONthe MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es

MAY 2012

Brought to You by Tim Jones

Residential Closings - Entire MLS

April 2011 - April 2012 ASP = Average Sold Price Data Courtesy Carolina MLS.

+15.3% Change in Closed Sales

+7.8% Pending Sales

+1.5%

+5.6% -18.7%

Change in New Lis ngs

Average Sales Price

Total Ac ve Lis ngs

145 Average Days List to Close

9.7 Months Supply of Homes for Sale

There were 2170 total closings in April 2012, up 15.3% compared to April 2011. 65% of all home sales in April 2012 were in the $200,000 and under category. The average closing price for the

Charlo e metro area in April 2012 was $214,779, up 5.6% from April 2011. In April 2012, new lis ngs increased by 1.5%, pending sales increased by 7.8%, total ac ve lis ngs decreased by 18.7%.

Current Active Listings by Price Range

April 2012 Sales by Price Range

Total Ac ve Lis ngs = 19,633

Total Pending Sales = 24,262 Data Courtesy Carolina MLS—Based on a rolling 12‐month average.

Tim Jones

704. 488. 9185

tim.jones@charlottefinehomes.net

www.charlottefinehomes.net


Page 2

On the Move - Helen Adams Realty

Closed Units by Area April 2012 - By MLS Areas

Units 1 Year Closed Change

Average Sales Price

Charlo e ‐ Gastonia ‐ Rock Hill

1702

+15.2

$ 213,189

All of Mecklenburg County

987

+11.9

$ 228, 231

01 ‐ Mecklenburg County (N)

162

+9.5

$ 166,506

02 ‐ Mecklenburg County (E)

115

+8.5

$ 119,161

03 ‐ Mecklenburg County (SE)

65

+1.6

$ 120,126

04 ‐ Mecklenburg County (SSE)

95

+8.0

$ 300,736

05 ‐ Mecklenburg County (S)

173

+6.8

$ 409,930

06 ‐ Mecklenburg County (SSW)

92

+48.4

$ 204,948

07 ‐ Mecklenburg County (SW)

76

+7.0

$ 149,357

08 ‐ Mecklenburg County (W)

56

+51.4

$ 72,412

09 ‐ Mecklenburg County (NW)

83

+15.3

$ 167,662

10 ‐ Union County

189

+8.6

$ 250,340

11 ‐ Cabarrus County

175

+17.4

$ 182,745

12 ‐ Iredell County

163

+20.7

$ 226,155

13 ‐ Lake Norman

109

+11.2

$ 504,453

14 ‐ Lincoln County

71

+51.1

$ 289,884

15 ‐ Lake Wylie

30

‐11.8

$ 388,530

16 ‐ Gaston County

166

+39.5

$ 127,525

17 ‐ York County, SC

173

+20.1

$ 209,675

42 ‐ Mtn. Island Lake

17

+35.3

$ 179,607

99 ‐ Uptown Charlo e

18

+12.5

$ 361,328

2170

+15.3

$214,779

TOTAL (for All CMLS Area)

April Home Sales Snapshot +20.6%

Residential Single Family, Townhomes & Condos MLS Area

Volume 5, Issue 5

Price Range with Strongest Sales: $200-300,000

+16.1% # Bedrooms Strongest Sales: 4+ bedrooms

+15.8% Property Type Strongest Sales: Condos

Data Courtesy Carolina MLS & 10K Research and Marke ng.


On the Move - Helen Adams Realty

Volume 5, Issue 5

Pending Contracts

Page 3

Average Residential Sales Price

Data provided by MLS—Based on accepted contracts for the given month.

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, March 2012 Data Courtesy Carolina MLS.

Tim Jones

704. 488. 9185

tim.jones@charlottefinehomes.net

www.charlottefinehomes.net


Page 4

On the Move - Helen Adams Realty

Volume 5, Issue 5

April 2012 Home Sales Overview Sellers Slowly Regain Pricing Power 

            Data and ar

Some mes the best answers aren't right under your nose. For example, the most popular market indicator is home prices. But prices are what we call a lagging indicator, because they reflect closed sales. Leading indicators are forward‐looking. Watch ac vity related to list price received at sale, days on market and months supply of inventory to see how sellers might be regaining their pricing power. Favorable supply‐demand trends may be cking away from the buyer for the first me in years.

Moral of the story: Price is but a single picture in the gallery. New Lis ngs in the Charlo e region increased 1.5 percent to 4,526. Pending Sales were up 7.8 percent to 2,317. Inventory levels shrank 18.7 percent to 19,633 units. Prices enjoyed a boost. The Median Sales Price increased 4.6 percent to $159,995. List to Close was down 5.8 percent to 145 days. The supply‐demand balance stabilized as Months Supply of Inventory was down 29.3

Tim Jones Phone: 704.488.9185 Fax: 704.749.9524 Email: tim.jones@charlottefinehomes.net Web: www.charlottefinehomes.net

cle excerpts from CMLS Monthly Indicators

percent to 9.7 months. When monitoring residen al real estate ac vity, it is always important to keep tabs on the overall economy and job growth. Preliminary Q1‐2012 GDP growth came in at 2.2 percent, which, while disappoin ng to some observers and slower than Q4‐2011, s ll signals economic expansion and not contrac on. Expedited bank processing and easing lending standards are also encouraging developments.

May Real Estate Analysis  

For Charlotte NC Real estate market

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