On the MOVEThe Helen Adams Realty Monthly Market Update

October 2015

The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market. Although noon and 6:30 fluctuations are present even within the same states and cities, the overall tempo of real estate potential is experiencing a healthy number of good omens. The job market has shown continual improvement, jobless rates are down, real average hourly and weekly earnings have been up and there has been good news in new household formation.

New Listings in the Charlotte region increased 3.2 percent to 4,319. Pending Sales were up 23.2 percent to 3,669. Inventory levels fell 21.7 percent to 12,795 units.

Prices continued to gain traction. The Median Sales Price increased 5.6 percent to $190,000. List to Close was down 10.5 percent to 111 days. Sellers were encouraged as Months Supply of Inventory was down 32.8 percent to 3.7 months.

With positive economic news coming from many angles, there are no imminent factors to prepare for beyond the typical seasonal drop-off. From the mouths of market-analyzing pundits, we are in the midst of one of the healthiest housing markets in the past 15 years. The one thing we were anticipating in September, an increase in interest rates, did not happen. It most likely will before year’s end. Until then, get out and enjoy the season.

The Third Quarter of 2015 Has Ticked its Last TockReprinted from September 2015 CRRA Monthly Indicators

P2 Vital Signs

P3 Plan Ahead for Spring

P4 Residential Closings

InthisIssue

www.helenadamsrealty.com

Ballantyne Office15235-J John J. Delaney Dr.

Charlotte, NC 28277

Beth HaemmerleinBROKER/REALTOR®

Cell: 704.243.8773 beth@helenadamsrealty.com

The Vitals:A look at Charlotte’s Overall Real Estate Market

• The amount of total inventory continues

to dwindle, causing months supply of

inventory to drop to 3.7. This indicates a

competitive seller’s market.

• The price range of $300,001 and above

continues to be the range with the

strongest sales, up 24% year over year.

• Condo sales continue to strengthen,

as the most popular property type in

September, up 25.7% year over year.

• The percent of original list price received is up 1.1% to 95.2%, indicating that homes are selling very close

to, or in some cases above, asking price.

• Comparatively, total inventory of homes for sale has dropped from 16,345 in September 2014 to 12,795

in September 2015.

Change in Closed Sales

PendingSales

Change inNew Listings

AverageSales Price

Total Active Listings

Average DaysList to Close

Months Supply of Homes for Sale

+6.1%

3,436

+3.2%

4,319

-10.5%

111

+23.2%

3,669

-21.7%

12,795

+5.8%

$240,169

-32.8%

3.7

(1)

(1) Data Represents change in data since this time last year. (2) Data Represents the most recent month’s data for CMLS.

(2)

Monthly Market Snapshot

Charlotte, NC and the Surrounding Areas

Market Updates

Monthly Average 30-Year Fixed-Rate Mortgage Ratesas reported by www.freddiemac.com

4.16

4.044

3.86

3.673.71

3.77

3.67

3.84

3.98

4.05

3.91 3.89

3.5

3.6

3.7

3.8

3.9

4

4.1

4.2

Sept. 14 Oct. 14 Nov. 14 Dec. 14 Jan. 15 Feb. 15 Mar. 15 Apr. 15 May. 15 Jun. 15 Jul. 15 Aug. 15 Sep. 15

Monthly Market Snapshot

Plan Ahead for Spring - Plant Your Bulbs Now!Fall is a fantastic time to start planning for spring! It’s also a great time to start planting spring blooming bulbs such as tulips, daffodils, crocus and alliums. But, before ordering all those bulbs, here are a few tips to help insure success for that spring garden!

1. Pick a color theme.Work with a color palette! One option is to work with a single color - the effect is simple but the impact is always bigger. Or you could try building your garden around a pair of colors, such as pink and white, red and yellow or orange and purple. Another idea is to use the color wheel and choose a harmony of several related colors, such as pink, lavender, burgundy and purple or try cream, yellow, orange and red!

2. Include different bloom times.From early-blooming crocuses to late-blooming tulips and alliums, the spring bulb season can stretch for as long as 8-10 weeks. When choosing your bulbs, be sure to include a few from each bloom time: early, mid season and late season. This way you’ll have flowers in bloom for as long as possible.

3. Plant in groups.Fall planted bulbs look best when the plantings are generous and the bulbs are spaced just a few inches apart. Small bulbs such as scilla or chionodoxa should be planted in groups of at least 25 bulbs. Tulips look best in groups of at least a dozen bulbs. Daffodils and alliums can be planted in threes, though groups of seven or nine bulbs look even better.

4. Repeat shapes and colors.Landscapes are more pleasing and cohesive when the same plant or grouping of plants appears in multiple locations. The layout makes a difference - squares or circles look more formal, ovals or free-form shapes look more natural.

5. Plant both annual and perennial bulbs.Many spring bulbs, including daffodils, scilla, chionodoxa, alliums and muscari, can be considered perennials, as they will return and bloom again every spring. In fact, most of these hardy bulbs will naturalize and multiply over time.Tulips and hyacinths are often treated as annuals because they usually put on their best show the first spring after planting. In the right growing conditions (full sun, well-drained soil, hot dry summers), some tulips, such as Darwin hybrids, will re-bloom for several years. To ensure the most dramatic spring display, treat these bulbs as annuals and plant a fresh batch every fall.

6. Shop for large, high quality bulbsWhen you are shopping for flower bulbs, pay attention to bulb size. Larger bulbs will produce bigger plants with more or larger flowers. Also remember that bulbs are perishable, so it’s important to purchase the freshest bulbs possible and store them in a cool, dry place until planting time.

Source:http://styledstagedsold.blogs.realtor.org/2015/09/14/6-tips-for-planning-ahead-for-a-spring-bulb-garden/

National Mortgage Statistics

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http://www.inman.com/2015/10/20/daily-market-update-oct-20-2015/