nov 2011- helen adams newsletter- email
DESCRIPTION
Change in New Lisngs Average Days on Market $800,001 - $1M Over $1 Million 28% 21% 17% 17% 19% 22% 17% 12% 17% 13% Pending Sales $800,001 - $1M Over $1 Million Charloe metro area in Oct. 2011 was $194,837, down 3.6% from Oct. 2010. In Oct. 2011, new lisngs decreased by 15.6%, pending sales increased by 14.1%, total acve lisngs decreased by 22.4%. Months Supply of Homes for Sale 5% 5% 4% Change in Closed Sales Average Sales Price Market Acvity and Trends for Charloe & Surrounding CounesTRANSCRIPT
Page 4 On the Move - Helen Adams Real ty Volume 4, Issue 11
RANDOLPH ROAD
2301 Randolph Road, Charlo e, NC 28207
BALLANTYNE
15235‐J John J. Delaney Dr., Charlo e, NC 28277
LAKE NORMAN
8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
800‐851‐5253 / www.helenadamsrealty.com
October 2011 Home Sales Overview Declining Inventory, Record Low Interest Rates & Affordable Pricing Drives Sales Data and ar cle excerpts from CMLS & 10K Research
and personal circumstance.
New lis ngs in the Charlo e region de‐creased 15.6%, pending sales were up 14.1%. Inventory levels shrank 22.4%, a trend that could indicate a changing land‐scape. The median sales price decreased 1.3% to $152,000. List to Close increased 7.6% to 155 days. Months supply of invento‐ry was down 20.4%. Recent reports from the broader economy have dispelled the
There's the numbers, then there’s the story behind them. For months, declining inven‐tory has been the na onal tale to tell. This suggests a changing narra ve with different voices. A buyer might tell you that record low mortgage rates and affordable prices made homeownership more a rac ve than ren ng. A seller may say that less compe ‐
on allowed them to receive more of their asking price. The moral of the story? Real estate is local both in terms of geography
story of a double‐dip recession. An early reading of gross domes c product (GDP) showed 2.5 percent growth. Meanwhile, na onal job growth, a major driver of hous‐ing demand and price support, has recently strengthened. An increasingly impa ent White House has rolled out phase two of the Home Affordable Refinance Program (HARP) for Fannie‐ and Freddie‐backed mortgages. This should help a number of consumers as they write the next chapter.
ON MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
N O V E M B E R 2 0 1 1
There were 1882 total closings in October 2011, up 12.4% com‐pared to Oct. 2010. 66% of all home sales in Oct. 2011 were in the $200,000 and under category. The average closing price for the
Charlo e metro area in Oct. 2011 was $194,837, down 3.6% from Oct. 2010. In Oct. 2011, new lis ngs decreased by 15.6%, pending sales increased by 14.1%, total ac ve lis ngs decreased by 22.4%.
Residential Closings - Entire MLS Oct. 2010 - Oct. 2011
www.helenadamsrealty.com
www.helenadamsrealty.com
the
Change in Closed Sales
Change in New Lis ngs
Average Sales Price
Total Ac ve Lis ngs
Months Supply of Homes for Sale
Average Days on Market
Pending Sales
ASP = Average Sold Price Data Courtesy Carolina MLS.
+12.4 +14.1 -15.6% -3.6% -22.4% 155 10.4
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Ac ve Lis ngs = 19,584
22%
17%
19%
12%
4%
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
2% 2%
October 2011 Sales by Price Range
Total Sold October, 2011 = 1882 Data Courtesy Carolina MLS.
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K 28%
21%
17%
13%
5%
$450,001 - $600K
$600,001 - $800K 17%
$800,001 - $1M
Over $1 Million
1% 1% 2%
Page 2 On the Move - Helen Adams Real ty Volume 4, Issue 11
Closed Units by Area October 2011 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units Closed
1 Year Change
Average Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill 1445 +12.7 $189,927
All of Mecklenburg County 872 +19.0 $200,709
01 ‐ Mecklenburg County (N) 149 +11.2 $ 163,129
02 ‐ Mecklenburg County (E) 105 +22.1 $ 105,562
03 ‐ Mecklenburg County (SE) 68 +13.3 $ 113,338
04 ‐ Mecklenburg County (SSE) 98 +63.3 $ 281,245
05 ‐ Mecklenburg County (S) 160 +7.4 $ 359,504
06 ‐ Mecklenburg County (SSW) 63 +18.9 $ 195,904
07 ‐ Mecklenburg County (SW) 67 +17.5 $ 132,074
08 ‐ Mecklenburg County (W) 33 0 $ 60,667
10 ‐ Union County 182 +19.7 $ 202,237
11 ‐ Cabarrus County 108 ‐6.1 $ 170,969
12 ‐ Iredell County 140 +21.7 $ 269,217
13 ‐ Lake Norman 106 +45.2 $ 410,435
14 ‐ Lincoln County 55 +12.2 $284,076
15 ‐ Lake Wylie 31 ‐8.8 $300,693
16 ‐ Gaston County 129 ‐4.4 $ 101,447
17 ‐ York County, SC 147 +2.8 $207,429
42 ‐ Mtn. Island Lake 17 +35.3 $179,607
99 ‐ Uptown Charlo e 20 +185.7 $243,000
TOTAL (for All CMLS Area) 1882 +12.4 $194,837
09 ‐ Mecklenburg County (NW) 63 +3.3 $118,547
Oct. Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marke ng.
+12.8% +4.9% +1.6%Price Range with Strongest Sales:
Under $100,000
# Bedrooms Strongest Sales: 4+ bedrooms
Property Type Strongest Sales: Single Family
Page 3 On the Move - Helen Adams Real ty Volume 4, Issue 11
www.helenadamsrealty.com
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Oct. 2011
Data Courtesy Carolina MLS.
Page 2 On the Move - Helen Adams Real ty Volume 4, Issue 11
Closed Units by Area October 2011 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units Closed
1 Year Change
Average Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill 1445 +12.7 $189,927
All of Mecklenburg County 872 +19.0 $200,709
01 ‐ Mecklenburg County (N) 149 +11.2 $ 163,129
02 ‐ Mecklenburg County (E) 105 +22.1 $ 105,562
03 ‐ Mecklenburg County (SE) 68 +13.3 $ 113,338
04 ‐ Mecklenburg County (SSE) 98 +63.3 $ 281,245
05 ‐ Mecklenburg County (S) 160 +7.4 $ 359,504
06 ‐ Mecklenburg County (SSW) 63 +18.9 $ 195,904
07 ‐ Mecklenburg County (SW) 67 +17.5 $ 132,074
08 ‐ Mecklenburg County (W) 33 0 $ 60,667
10 ‐ Union County 182 +19.7 $ 202,237
11 ‐ Cabarrus County 108 ‐6.1 $ 170,969
12 ‐ Iredell County 140 +21.7 $ 269,217
13 ‐ Lake Norman 106 +45.2 $ 410,435
14 ‐ Lincoln County 55 +12.2 $284,076
15 ‐ Lake Wylie 31 ‐8.8 $300,693
16 ‐ Gaston County 129 ‐4.4 $ 101,447
17 ‐ York County, SC 147 +2.8 $207,429
42 ‐ Mtn. Island Lake 17 +35.3 $179,607
99 ‐ Uptown Charlo e 20 +185.7 $243,000
TOTAL (for All CMLS Area) 1882 +12.4 $194,837
09 ‐ Mecklenburg County (NW) 63 +3.3 $118,547
Oct. Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marke ng.
+12.8% +4.9% +1.6%Price Range with Strongest Sales:
Under $100,000
# Bedrooms Strongest Sales: 4+ bedrooms
Property Type Strongest Sales: Single Family
Page 3 On the Move - Helen Adams Real ty Volume 4, Issue 11
www.helenadamsrealty.com
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Oct. 2011
Data Courtesy Carolina MLS.
Page 4 On the Move - Helen Adams Real ty Volume 4, Issue 11
RANDOLPH ROAD
2301 Randolph Road, Charlo e, NC 28207
BALLANTYNE
15235‐J John J. Delaney Dr., Charlo e, NC 28277
LAKE NORMAN
8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078
800‐851‐5253 / www.helenadamsrealty.com
October 2011 Home Sales Overview Declining Inventory, Record Low Interest Rates & Affordable Pricing Drives Sales Data and ar cle excerpts from CMLS & 10K Research
and personal circumstance.
New lis ngs in the Charlo e region de‐creased 15.6%, pending sales were up 14.1%. Inventory levels shrank 22.4%, a trend that could indicate a changing land‐scape. The median sales price decreased 1.3% to $152,000. List to Close increased 7.6% to 155 days. Months supply of invento‐ry was down 20.4%. Recent reports from the broader economy have dispelled the
There's the numbers, then there’s the story behind them. For months, declining inven‐tory has been the na onal tale to tell. This suggests a changing narra ve with different voices. A buyer might tell you that record low mortgage rates and affordable prices made homeownership more a rac ve than ren ng. A seller may say that less compe ‐
on allowed them to receive more of their asking price. The moral of the story? Real estate is local both in terms of geography
story of a double‐dip recession. An early reading of gross domes c product (GDP) showed 2.5 percent growth. Meanwhile, na onal job growth, a major driver of hous‐ing demand and price support, has recently strengthened. An increasingly impa ent White House has rolled out phase two of the Home Affordable Refinance Program (HARP) for Fannie‐ and Freddie‐backed mortgages. This should help a number of consumers as they write the next chapter.
ON MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es
N O V E M B E R 2 0 1 1
There were 1882 total closings in October 2011, up 12.4% com‐pared to Oct. 2010. 66% of all home sales in Oct. 2011 were in the $200,000 and under category. The average closing price for the
Charlo e metro area in Oct. 2011 was $194,837, down 3.6% from Oct. 2010. In Oct. 2011, new lis ngs decreased by 15.6%, pending sales increased by 14.1%, total ac ve lis ngs decreased by 22.4%.
Residential Closings - Entire MLS Oct. 2010 - Oct. 2011
www.helenadamsrealty.com
www.helenadamsrealty.com
the
Change in Closed Sales
Change in New Lis ngs
Average Sales Price
Total Ac ve Lis ngs
Months Supply of Homes for Sale
Average Days on Market
Pending Sales
ASP = Average Sold Price Data Courtesy Carolina MLS.
+12.4 +14.1 -15.6% -3.6% -22.4% 155 10.4
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Ac ve Lis ngs = 19,584
22%
17%
19%
12%
4%
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
2% 2%
October 2011 Sales by Price Range
Total Sold October, 2011 = 1882 Data Courtesy Carolina MLS.
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K 28%
21%
17%
13%
5%
$450,001 - $600K
$600,001 - $800K 17%
$800,001 - $1M
Over $1 Million
1% 1% 2%