april 2012 on-the-move
DESCRIPTION
Helen Adams monthly newsletterTRANSCRIPT
Page 4 On the Move - Helen Adams Realty Volume 5, I ssue 4
March 2012 Home Sales Overview Looking Toward an Optimistic Future Data and article excerpts from CMLS Monthly Indicators
Sales were up 5.3 percent to 2,309. Inventory levels shrank 20.8 percent to 18,783 units.
Home prices are slowly starting to turn a corner. The Median Sales Price increased 3.5 percent to $154,000. List to Close was down 3.6 percent to 150 days. Absorption rates improved as Months Supply of Inventory was down 28.0 percent to 9.4 months.
Let’s talk about data. Navigating through a complex and fast-moving marketplace is tough work. Agents are being called upon to provide fact-based guidance in a timely fashion – and rightly so. MLS data is detailed, accurate and very much “now.” It makes the magic of data-driven decision-making possible. Let’s see what the facts tell us about March 2012…
New Listings in the Charlotte region decreased 9.1 percent to 4,736. Pending
For better or worse – usually better – housing is closely tied to the broader economy. As much as we're in the valley of a residential real estate rebalancing act, it's important to keep tabs on economic changes. Recent improvements suggest that there may be a stirring of optimism in the center of this market. But not all sub-markets will move together. "You can observe a lot just by watching." – Yogi Berra
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
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
A P R I L 2 0 1 2
There were 2098 total closings in March 2012, up 10.4% compared
to March 2011. 64% of all home sales in March 2012 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in March 2012 was $196,182, down 0.4% from
March 2011. In March 2012, new listings decreased by 9.1%, pending
sales increased by 5.3%, total active listings decreased by 20.8%.
Residential Closings - Entire MLS March 2011 - March 2012
the
Change in
Closed Sales
Change in
New Listings
Average
Sales Price
Total Active
Listings
Months Supply of
Homes for Sale
Average Days
List to Close
Pending
Sales
ASP = Average Sold Price
Data Courtesy Carolina MLS.
+10.4% +5.3% -9.1% +0.4% -20.8% 150 9.4
Current Active Listings by Price Range
Total Active Listings = 18,783
March 2012 Sales by Price Range
Total Pending Sales = 2,309
Data Courtesy Carolina MLS.
www.helenadamsrealty.com
Page 2 On the Move - Helen Adams Realty Volume 5, Issue 4
Closed Units by Area March 2012 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units
Closed
1 Year
Change
Average
Sales Price
Charlotte - Gastonia - Rock Hill 1625 +8.1 $198,689
All of Mecklenburg County 949 +8.3 $213,135
01 - Mecklenburg County (N) 161 +15.0 $ 173,280
02 - Mecklenburg County (E) 114 +21.3 $ 116,955
03 - Mecklenburg County (SE) 73 -7.6 $ 122,486
04 - Mecklenburg County (SSE) 91 +15.2 $ 261,144
05 - Mecklenburg County (S) 193 +22.9 $ 342,281
06 - Mecklenburg County (SSW) 79 +27.4 $ 216,360
07 - Mecklenburg County (SW) 58 -19.4 $ 141,284
08 - Mecklenburg County (W) 46 -13.2 $ 70,184
09 - Mecklenburg County (NW) 66 -10.8 $ 158,036
10 - Union County 191 +5.5 $ 177,500
11 - Cabarrus County 159 +9.7 $ 154,456
12 - Iredell County 170 +60.4 $ 240,936
13 - Lake Norman 87 -3.3 $ 504,453
14 - Lincoln County 60 -16.7 $175,160
15 - Lake Wylie 33 +10.0 $310,712
16 - Gaston County 136 +2.3 $127,889
17 - York County, SC 178 +9.2 $ 185,984
42 - Mtn. Island Lake 17 +35.3 $179,607
99 - Uptown Charlotte 19 -24.0 $203,008
TOTAL (for All CMLS Area) 2098 +10.4 $196,182
March Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+14.7% +11.2% +10.2% Price Range with
Strongest Sales:
$200-300,000
# Bedrooms
Strongest Sales:
4+ bedrooms
Property Type
Strongest Sales:
Condos
Page 3 On the Move - Helen Adams Realty Volume 5, I ssue 4
www.helenadamsrealty.com
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, March 2012
Data Courtesy Carolina MLS.
Page 2 On the Move - Helen Adams Realty Volume 5, Issue 4
Closed Units by Area March 2012 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units
Closed
1 Year
Change
Average
Sales Price
Charlotte - Gastonia - Rock Hill 1625 +8.1 $198,689
All of Mecklenburg County 949 +8.3 $213,135
01 - Mecklenburg County (N) 161 +15.0 $ 173,280
02 - Mecklenburg County (E) 114 +21.3 $ 116,955
03 - Mecklenburg County (SE) 73 -7.6 $ 122,486
04 - Mecklenburg County (SSE) 91 +15.2 $ 261,144
05 - Mecklenburg County (S) 193 +22.9 $ 342,281
06 - Mecklenburg County (SSW) 79 +27.4 $ 216,360
07 - Mecklenburg County (SW) 58 -19.4 $ 141,284
08 - Mecklenburg County (W) 46 -13.2 $ 70,184
09 - Mecklenburg County (NW) 66 -10.8 $ 158,036
10 - Union County 191 +5.5 $ 177,500
11 - Cabarrus County 159 +9.7 $ 154,456
12 - Iredell County 170 +60.4 $ 240,936
13 - Lake Norman 87 -3.3 $ 504,453
14 - Lincoln County 60 -16.7 $175,160
15 - Lake Wylie 33 +10.0 $310,712
16 - Gaston County 136 +2.3 $127,889
17 - York County, SC 178 +9.2 $ 185,984
42 - Mtn. Island Lake 17 +35.3 $179,607
99 - Uptown Charlotte 19 -24.0 $203,008
TOTAL (for All CMLS Area) 2098 +10.4 $196,182
March Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+14.7% +11.2% +10.2% Price Range with
Strongest Sales:
$200-300,000
# Bedrooms
Strongest Sales:
4+ bedrooms
Property Type
Strongest Sales:
Condos
Page 3 On the Move - Helen Adams Realty Volume 5, I ssue 4
www.helenadamsrealty.com
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, March 2012
Data Courtesy Carolina MLS.
Page 4 On the Move - Helen Adams Realty Volume 5, I ssue 4
March 2012 Home Sales Overview Looking Toward an Optimistic Future Data and article excerpts from CMLS Monthly Indicators
Sales were up 5.3 percent to 2,309. Inventory levels shrank 20.8 percent to 18,783 units.
Home prices are slowly starting to turn a corner. The Median Sales Price increased 3.5 percent to $154,000. List to Close was down 3.6 percent to 150 days. Absorption rates improved as Months Supply of Inventory was down 28.0 percent to 9.4 months.
Let’s talk about data. Navigating through a complex and fast-moving marketplace is tough work. Agents are being called upon to provide fact-based guidance in a timely fashion – and rightly so. MLS data is detailed, accurate and very much “now.” It makes the magic of data-driven decision-making possible. Let’s see what the facts tell us about March 2012…
New Listings in the Charlotte region decreased 9.1 percent to 4,736. Pending
For better or worse – usually better – housing is closely tied to the broader economy. As much as we're in the valley of a residential real estate rebalancing act, it's important to keep tabs on economic changes. Recent improvements suggest that there may be a stirring of optimism in the center of this market. But not all sub-markets will move together. "You can observe a lot just by watching." – Yogi Berra
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
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
A P R I L 2 0 1 2
There were 2098 total closings in March 2012, up 10.4% compared
to March 2011. 64% of all home sales in March 2012 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in March 2012 was $196,182, down 0.4% from
March 2011. In March 2012, new listings decreased by 9.1%, pending
sales increased by 5.3%, total active listings decreased by 20.8%.
Residential Closings - Entire MLS March 2011 - March 2012
the
Change in
Closed Sales
Change in
New Listings
Average
Sales Price
Total Active
Listings
Months Supply of
Homes for Sale
Average Days
List to Close
Pending
Sales
ASP = Average Sold Price
Data Courtesy Carolina MLS.
+10.4% +5.3% -9.1% +0.4% -20.8% 150 9.4
Current Active Listings by Price Range
Total Active Listings = 18,783
March 2012 Sales by Price Range
Total Pending Sales = 2,309
Data Courtesy Carolina MLS.
www.helenadamsrealty.com