2012 real estate market summary
DESCRIPTION
Lake Norman Area 2012 Real Estate Market SummaryIncluding 10 Year Market Review forCornelius, Davidson, Denver, Huntersville, Mooresville, Sherrills Ford, Statesville, Terrell, & TroutmanOn behalf of Lake Norman Realty, Inc.TRANSCRIPT
2012 Real Estate Market Summary
Including 10 Year Market Review for
Cornelius, Davidson, Denver,
Huntersville, Mooresville, Sherrills Ford,
Statesville, Terrell, & Troutman
Information compiled from Terradatum and Carolina Multiple Listing Service (MLS) by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
www.lakenormanrealty.com
Thank you for your interest in our 2012 Yearly Market Reviews. Thank you for your interest in our 2012 Yearly Market Reviews. Thank you for your interest in our 2012 Yearly Market Reviews. Thank you for your interest in our 2012 Yearly Market Reviews. Please keep us in mind for all of your future real estate needs!Please keep us in mind for all of your future real estate needs!Please keep us in mind for all of your future real estate needs!Please keep us in mind for all of your future real estate needs!
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR CORNELIUS, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
464
592
692648
485
329
298366 332
395
0
100
200
300
400
500
600
700
800
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
315327 332
344 346328
316 318306
283303
266
24 25 25 31
56 5137 33
5337
40 42
20 17
3226
42 3639 35
2848
33 39
0
50
100
150
200
250
300
350
400
$227,000.00
$235,000.00
$224,900.00 $242,039.00
$259,315.00
$248,000.00
$245,000.00 $248,500.00
$282,000.00
$286,000.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR DAVIDSON, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
162
210
220 245
196195
164
208222
242
0
50
100
150
200
250
300
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$353,000.00 $365,880.00
$395,000.00
$439,900.00
$489,000.00 $457,839.00
$380,000.00
$305,397.00
$299,000.00
$320,000.00
$-
$100,000.00
$200,000.00
$300,000.00
$400,000.00
$500,000.00
$600,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR DENVER, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
285
341
434
390434
296
219 230247
356
0
50
100
150
200
250
300
350
400
450
500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$200,000.00
$233,000.00
$280,500.00
$315,000.00 $322,690.00
$268,728.00
$299,900.00 $270,000.00
$245,000.00
$291,000.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
316 309 314297
337327
308 300
273250
230206
21 2436 31 35 43 31 33 26 32 23 18
17 1835 31 34 24 33 31 28 25 25 30
0
50
100
150
200
250
300
350
400
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR HUNTERSVILLE, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
920
1161
1421
1344
1179
740
604 641
757
953
0
200
400
600
800
1000
1200
1400
1600
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$214,500.00
$212,000.00
$229,500.00
$244,550.00
$248,900.00 $251,000.00
$223,415.00
$238,567.00
$221,000.00
$228,000.00
$190,000.00
$200,000.00
$210,000.00
$220,000.00
$230,000.00
$240,000.00
$250,000.00
$260,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
494518
566 570
611587
548523
478457
419
356
63 7195 104 98
11899 99 90 77 68 67
4371 66
8698 85 90 97 74 87 77 79
0
100
200
300
400
500
600
700
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR MOORESVILLE, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
$183,000.00
$205,000.00
$240,000.00 $245,810.00
$260,144.00
$236,000.00
$237,000.00
$235,000.00 $230,000.00
$224,000.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
802 815874
9541001 978
899 875818
779731
668
74 83 88108 128 155 107
9896
94 71 8349 69
95
92 100 113 106
115
83
104 85 95
0
200
400
600
800
1000
1200
1013
1291
15751567
1243
767
695772
822
1105
0
200
400
600
800
1000
1200
1400
1600
1800
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR MOORESVILLE, NC
Zip code 28115 only
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
362
490
643 717
581
394
317 317
376
510
0
100
200
300
400
500
600
700
800
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$133,000.00
$135,500.00
$164,000.00
$173,000.00
$187,000.00 $188,526.00
$165,000.00
$157,500.00
$176,000.00
$174,000.00
$-
$20,000.00
$40,000.00
$60,000.00
$80,000.00
$100,000.00
$120,000.00
$140,000.00
$160,000.00
$180,000.00
$200,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
299 296319
340359 352
323 326
300275 267
240
36 41 43 49 5263
41 46 48 40 36 44
2236
49 45 39 39 5344 41
5835
49
0
50
100
150
200
250
300
350
400
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR MOORESVILLE, NC
Zip code 28117 only
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
654
805
934
851
661
376380
462 455
595
0
100
200
300
400
500
600
700
800
900
1000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$245,000.00
$293,900.00
$340,000.00
$404,000.00
$419,500.00
$367,501.00
$350,000.00
$365,000.00 $345,000.00
$340,000.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
$450,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
503 519555
614642 626
576549
518 504464
428
38 42 45 5976 92
66 52 48 5435 39
27 3346 46
6174
53 71 42 46 50 46
0
100
200
300
400
500
600
700
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR SHERRILLS FORD, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
85
132
149141
114
59
5062
72 69
0
20
40
60
80
100
120
140
160
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
91 93 95
104113 113 110
106 105100
92
80
16 9
68 11 8 10
1
10 5 4
2 45
59
125 4 8 7
53
0
20
40
60
80
100
120
$267,000.00
$285,000.00
$332,525.00
$275,000.00
$399,900.00
$215,000.00
$330,000.00
$287,000.00
$325,000.00
$340,000.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
$450,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR STATESVILLE, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
556 560 572 587 599 613 619 615597
566 568
511
37 41 5647 53 62
43 52 47 33 4830
36 4456 48 42 51
35 43 40 56 40 38
0
100
200
300
400
500
600
700
577667
835 939
810
630
515 509 483
529
0
100
200
300
400
500
600
700
800
900
1000
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
$116,500.00
$108,000.00
$116,828.00 $119,000.00
$128,000.00
$117,000.00
$112,000.00
$103,000.00
$99,100.00
$105,000.00
$-
$20,000.00
$40,000.00
$60,000.00
$80,000.00
$100,000.00
$120,000.00
$140,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR TERRELL, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
18
21
24
2826
23
1820
1820
21
13
1 10
2 2 21 1
21 1 1
02
01
2 1 21 1 1 1 1
0
5
10
15
20
25
30
$283,000.00
$343,000.00
$362,000.00
$400,000.00
$386,000.00
$433,500.00
$374,500.00
$344,000.00
$365,000.00
$350,000.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
$300,000.00
$350,000.00
$400,000.00
$450,000.00
$500,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
17
30
1919
1611
6
9
13
14
0
5
10
15
20
25
30
35
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW
FOR TROUTMAN, NC
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
2012 by Units For Sale, Under Contract, and Sold
10 Year Review of Units Sold
10 Year Review of Median Price Sold
10496
103108
115
104 101
92 92
114
101
83
4 5 6 5
14 159
5 7 9 9 74 5 4 8 7
118 9 6 7 8 9
0
20
40
60
80
100
120
140
$124,900.00 $135,345.00
$161,000.00
$207,000.00
$184,500.00 $180,000.00
$151,500.00
$175,500.00
$164,000.00
$184,600.00
$-
$50,000.00
$100,000.00
$150,000.00
$200,000.00
$250,000.00
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
95
165
142
189
170
123
94 97
105 95
0
20
40
60
80
100
120
140
160
180
200
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2012 YEARLY REAL ESTATE
MARKET REVIEW SUMMARY OF: CORNELIUS, DAVIDSON, DENVER,
HUNTERSVILLE, MOORESVILLE,
SHERRILLS FORD, STATESVILLE,
TERRELL, & TROUTMAN
CHART KEY
For Sale
Under Contract
Sold
Information compiled from Terradatum and Carolina Multiple Listing Service (MLS) by Lake Norman Realty, Inc. deemed reliable but not guaranteed. Based on Single Family Homes Only.
Units and Price Overview 2012:
Total Units Sold - 3719 Median Price - $222,000 Average Price - $287,407
Analysis of Distressed Homes Sold During 2012:
790 of the 3719 homes sold were listed as distressed in MLS Median Price - $142,000 Average Price - $204,623 By City: 1 in Terrell (7%) 14 in Sherrills Ford (20%) 28 in Davidson (12%) 33 in Troutman (35%0 62 in Cornelius (16%) 64 in Denver (18%) 154 in Huntersville (16%) 185 in Statesville (35%) 249 in Mooresville (21%)
Analysis of Waterfront Homes Sold During 2012:
343 of the 3719 homes sold were listed as waterfront in MLS Median Price - $641,250 Average Price - $768,835
Analysis of New Construction Homes Sold During 2012:
629 of the 3719 homes sold were listed as new construction in MLS Median Price - $242,720 Average Price - $268,701
Information below gathered from the
National Association of Realtors® | Profile of Home Buyers and Sellers 2012:
Characteristics of Home Buyers
• Thirty-nine percent of recent home buyers were first time buyers, a slight rise from 2011, but closer to the historical norm of 40 percent. • The typical buyer was 42-years-old, a decrease from last year’s 45-years-old. • The 2011 median household income of buyers was $78,600. The median income was $61,800 among first time buyers and $93,100 among repeat buyers. • Sixty-five percent of recent home buyers were married couples—the highest share since 2001. • Sixteen percent of recent home buyers were single females—the lowest share since 2001. • For 30 percent of recent home buyers, the primary reason for the recent home purchase was a desire to own a home. • Eighty-nine percent of buyers purchased their home through a real estate agent or broker, similar to last year’s report—a share that has steadily increased from 69 percent in 2001.
Thank you for your interest in our 2012 Yearly Market Reviews. Thank you for your interest in our 2012 Yearly Market Reviews. Thank you for your interest in our 2012 Yearly Market Reviews. Thank you for your interest in our 2012 Yearly Market Reviews. Please keep us in mind for all of your future real estate needs!Please keep us in mind for all of your future real estate needs!Please keep us in mind for all of your future real estate needs!Please keep us in mind for all of your future real estate needs!