january 2013 real estate newsletter
DESCRIPTION
December 2012 real estate activityTRANSCRIPT
ON Move Market Ac vity and Trends for Charlo e & Surrounding Coun es
January 2013
There were 2,339 total closings in December 2012, up 23.4% com‐
pared to December 2011. 62.1% of all home sales were in the
$200,000 and under category. The average closing price for the
Charlo e metro area in December 2012 was $205,537, up 7.9% from
December 2011. In Dec. 2012, new lis ngs decreased by 1.7%, pend‐
ing sales increased by 33.5%, total ac ve lis ngs decreased by 27.7%.
Residential Closings - Entire MLS December 2011 - December 2012
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
List to Close
Pending
Sales
ASP = Average Sold Price Data Courtesy Carolina MLS.
+23.4% +33.5% -1.7% +7.9% -27.7% 156 5.3
Current Active Listings by Price Range
Total Ac ve Lis ngs = 13,415
December 2012 Sales by Price Range
Total Pending Sales = 30,343
Data Courtesy Carolina MLS—Based on a rolling 12‐month average. Percentages as reported by CRRA.
Evelyn McCorkle — 704. 957. 3558 — [email protected] — www.evelynmccorkle.com
Brought to You by Evelyn McCorkle
Page 2 On the Move - He len Adams Realty Volume 6, Issue 1
Closed Units by Area December 2012 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units
Closed
1 Year
Change
Average
Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill 1831 +21.9 $210,873
All of Mecklenburg County 1101 +25.5 $180,778
01 ‐ Mecklenburg County (N) 200 +19 $178,540
02 ‐ Mecklenburg County (E) 135 +31.1 $113,302
03 ‐ Mecklenburg County (SE) 102 +82.1 $175,078
04 ‐ Mecklenburg County (SSE) 90 +7.1 $303,343
05 ‐ Mecklenburg County (S) 199 +33.6 $379,968
06 ‐ Mecklenburg County (SSW) 75 ‐8.5 $216,514
07 ‐ Mecklenburg County (SW) 90 +32.4 $160,119
08 ‐ Mecklenburg County (W) 50 +22.0 $72,063
09 ‐ Mecklenburg County (NW) 81 +20.9 $165,189
10 ‐ Union County 229 +19.3 $223,421
11 ‐ Cabarrus County 179 +27.9 $169,966
12 ‐ Iredell County 164 +31.2 $225,969
13 ‐ Lake Norman 106 +26.2 $410,882
14 ‐ Lincoln County 78 +59.2 $195,761
15 ‐ Lake Wylie 33 +43.5 $391,521
16 ‐ Gaston County 148 +12.1 $137,183
17 ‐ York County, SC 169 +8.3 $210,706
99 ‐ Uptown Charlo e 16 ‐11.1 $214,386
TOTAL (for All CMLS Area) 2339 +23.4 $205,537
December Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marke ng.
+38.5% +32.2% +35.8% Price Range with
Strongest Sales:
$200,001 -$300K
# Bedrooms
Strongest Sales:
4 BR or More
Property Type
Strongest Sales:
Condos
Page 3 On the Move - He len Adams Realty Volume 6, Issue 1
Evelyn McCorkle — 704. 957. 3558 — [email protected] — www.evelynmccorkle.com
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Dec. 2012
Data Courtesy Carolina MLS.
16011785
20052347
24713038
32741738
16652573
27382490
2150
0 500 1000 1500 2000 2500 3000 3500
Dec. 11
Feb. 12
Apr. 12
Jun. 12
Aug. 12
Oct. 12
Dec. 12
Data provided by MLS—Based on accepted contracts for the given month.
$190,565$187,803
$184,764$196,130
$214,743$217,553
$227,913$220,385
$207,380$206,051$204,336$204,413$205,537
0 50000 100000 150000 200000 250000
Dec. 11
Feb. 12
Apr. 12
Jun. 12
Aug. 12
Oct. 12
Dec. 12
2379
3878
3998
4778
4556
4476
4146
3930
4311
3290
3448
3028
2342
0 1000 2000 3000 4000 5000 6000
Dec. 11
Jan. 12
Feb. 12
Mar. 12
Apr. 12
May. 12
Jun. 12
Jul. 12
Aug. 12
Sep. 12
Oct. 12
Nov. 12
Dec. 12
Page 4 On the Move - He len Adams Realty Volume 6, Issue 1
December 2012 Home Market Overview 2013 Could be Another Posi ve Year for the Housing Market Reprinted from CRRA Housing Supply Overview, December 2012
in sales was the $200,001 to $300,000 range, where they increased 38.5 percent.
The overall Median Sales Price was up 4.9 percent to $160,000. The property type with the largest price gain was the Single-Family segment, where prices increased 5.8 percent to $165,000. The price range that tended to sell the quickest was the $100,000 and Below range at 94 days; the price range that tended
Most markets are on better footing now than a year ago. We saw many signs of market recovery throughout 2012. Assuming interest rates and job growth cooperate 2013 should be another positive year for housing. For the 12-month period spanning January 2012 through December 2012, Pending Sales in the Charlotte region were up 31.1 percent overall. The price range with the largest gain
to sell the slowest was the $300,001 and Above range at 122 days.
Market-wide, inventory levels were down 27.7 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 26.3 percent. That amounts to 5.4 months supply for Single-Family homes and 4.9 months supply for Condos.
Evelyn MCCorkle Trusted Real Estate Advisor
704.957.3558
2301 Randolph Road
Charlotte NC 28207