the Market Ac vity and Trends for Charlo e & Surrounding Coun es J u L Y 2 0 1 2 ON MOve Residential Closings - Entire MLS June 2011 - June 2012 ASP = Average Sold Price Data Courtesy Carolina MLS. +14.0% +8.9% -0.8% +5.3% -17.4% 139 9.3 Change in Closed Sales Pending Sales Change in New Lis ngs Average Sales Price Total Ac ve Lis ngs Average Days List to Close Months Supply of Homes for Sale There were 2657 total closings in June 2012, up 14% compared to June 2011. 64% of all home sales in June 2012 were in the $200,000 and under category. The average closing price for the Current Active Listings by Price Range Charlo e metro area in June 2012 was $227,924, up 5.3% from June 2011. In June 2012, new lis ngs decreased by 0.8%, pending sales increased by 8.9%, total ac ve lis ngs decreased by 17.4%. June 2012 Sales by Price Range Total Ac ve Lis ngs = 19,510 Total Pending Sales = 25,152 Data Courtesy Carolina MLS Based on a rolling 12 month average. www.helenadamsrealty.com
Page 2 On the Move - Helen Adams Realty Volume 5, Issue 7 Closed Units by Area June 2012 - By MLS Areas Residential Single Family, Townhomes & Condos MLS Area Units Closed 1 Year Change Average Sales Price Charlo e Gastonia Rock Hill 2101 +13.6 $ 237,411 All of Mecklenburg County 1238 +11.7 $ 255,593 01 Mecklenburg County (N) 184 8.5 $ 201,736 02 Mecklenburg County (E) 141 +11.9 $ 115,137 03 Mecklenburg County (SE) 77 2.5 $ 138,615 04 Mecklenburg County (SSE) 148 +43.7 $ 337,750 05 Mecklenburg County (S) 278 +26.9 $ 431,842 06 Mecklenburg County (SSW) 100 +25.0 $ 240,247 07 Mecklenburg County (SW) 70 18.6 $ 153,212 08 Mecklenburg County (W) 56 +7.7 $ 73,616 09 Mecklenburg County (NW) 96 +17.1 $ 148,304 10 Union County 260 +5.3 $ 257,835 11 Cabarrus County 200 +21.2 $ 189,696 12 Iredell County 191 +13.0 $ 231,419 13 137 +17.1 $ 395,525 14 Lincoln County 67 +21.8 $ 208,017 15 Lake Wylie 57 +46.2 $ 390,683 16 Gaston County 177 +27.3 $ 162,403 June Home Sales Snapshot +23.2% +16.9% +21.6% Price Range with $200-300,000 # Bedrooms 2 BR or Less Property Type Condos 17 York County, SC 217 +18.6 $ 220,989 42 Mtn. Island Lake 17 +35.3 $ 179,607 99 Uptown Charlo e 28 +75.0 $ 228,781 TOTAL (for All CMLS Area) 2657 +14.0 $227,924 Data Courtesy Carolina MLS & 10K Research and Marke ng.
Our New Agents 2011-2012 helen adams realty proudly presents ROBIN CARUSO dawn gilliam ANN MURPHY STEPHANIE THOMAS rosalyn kartes JAmi & Jack PRINCE libby gonyea brie hoppenfeld caroline jackson jessica johnson kari kessell sasha levons brock norris christina provett cara shields Gina Mauney david sinclair alan sussman Jyla rollinson TRACY JONES david rowles jess Babbington Wil McKee kelly mixon randi nickason melanie spence pepper stanford Martha & robert Tremblay This year, our team helped 30 new AGENTS find success, what can we help YOU find? Learn more at www.helenadamsrealty.com BALLANTYNE OFFICE 15235-J JOHN J. DELANEY DR. CHARLOTTE, NC 28277 704.341.0279 RANDOLPH OFFICE 2301 RANDOLPH ROAD CHARLOTTE, NC 28207 704.375.8598 LAKE NORMAN OFFICE 8600 SAM FURR ROAD SUITE150 HUNTERSVILLE, NC 28078 704.439.3300
On the Move - Helen Adams Realty Volume 5, Issue 7 Page 3 Pending Contracts 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 www.helenadamsrealty.com Data Courtesy Carolina MLS.
Page 4 On the Move - Helen Adams Realty Volume 5, Issue 7 June 2012 Home Sales Overview Residen al Real Estate Takes Meaningful Strides Towards Recovery Data and ar cle excerpts from CMLS Monthly Indicators We re halfway through 2012, and what a year it s been. Residen al real estate has finally taken some meaningful strides toward recovery, and they ve all been self powered without divine (or governmental) interven on. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed improvement. Let's see what the rest of our local data has to say. New Lis ngs in the Charlo e region decreased 0.8 percent to 4,109. Pending Sales were up 8.9 percent to 2,506. Inventory levels shrank 17.4 percent to 19,510 units. Prices moved higher. The Median Sales Price increased 9.4 percent to $171,500. List to Close was down 8.4 percent to 139 days. The supply demand balance stabilized as Months Supply of Inventory was down 29.0 percent to 9.3 months. We seem to be at a cri cal inflec on point in our search for more employment opportuni es. Job growth provides the dual benefit of s mula ng new household growth as well as relieving distressed homeowners. There's also the posi ve feedback loop of housing crea ng jobs and jobs crea ng housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid 2013. 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