october 2012 - charlotte real estate news letter
DESCRIPTION
Stats in real estate for September 2012TRANSCRIPT
ON Move Market Ac vity and Trends for Charlo e & Surrounding Coun es
OCTOBER 2012
There were 2,244 total closings in September 2012, up 14.0% com‐
pared to Sept. 2011. 62.37% of all home sales in September 2012
were in the $200,000 and under category. The average closing price
for the Charlo e metro area in Sept. 2012 was $206,051, up 4.8%
from Sept. 2011. In Sept. 2012, new lis ngs decreased by 3.5%, pend‐
ing sales increased by 36.1%, total ac ve lis ngs decreased by 26.9%.
Residential Closings - Entire MLS September 2011 - September 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.
+14.0% +36.1% -3.5% +4.8% -26.9% 150 6.4
Current Active Listings by Price Range
Total Ac ve Lis ngs = 15,548
September 2012 Sales by Price Range
Total Pending Sales = 29,111
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 5, Issue 10
Closed Units by Area September 2012 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units
Closed
1 Year
Change
Average
Sales Price
Charlo e ‐ Gastonia ‐ Rock Hill 1786 +14.6 $ 210,118
All of Mecklenburg County 1043 +17.3 $ 221,401
01 ‐ Mecklenburg County (N) 183 +43.0 $ 175,698
02 ‐ Mecklenburg County (E) 112 +8.7 $ 115,822
03 ‐ Mecklenburg County (SE) 70 +6.1 $140,271
04 ‐ Mecklenburg County (SSE) 105 +5.0 $344,255
05 ‐ Mecklenburg County (S) 191 +12.4 $344,560
06 ‐ Mecklenburg County (SSW) 89 +64.8 $242,627
07 ‐ Mecklenburg County (SW) 64 ‐5.9 $143,964
08 ‐ Mecklenburg County (W) 61 +15.1 $85,818
09 ‐ Mecklenburg County (NW) 88 +18.9 $144,300
10 ‐ Union County 212 +3.4 $239,596
11 ‐ Cabarrus County 161 +15.0 $174,159
12 ‐ Iredell County 140 +8.5 $217,150
13 ‐ Lake Norman 111 +12.1 $391,894
14 ‐ Lincoln County 59 ‐1.7 $238,022
15 ‐ Lake Wylie 51 +10.9 $289,534
16 ‐ Gaston County 152 +3.4 $136,364
17 ‐ York County, SC 211 +22.7 $206,397
99 ‐ Uptown Charlo e 20 +53.8 $304,942
TOTAL (for All CMLS Area) 2244 +14.0 $206,051
September Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marke ng.
+35.4% +35.0% +37.5% Price Range with
Strongest Sales:
$200-300,000
# Bedrooms
Strongest Sales:
2 BR or Less
Property Type
Strongest Sales:
Condos
Page 3 On the Move - He len Adams Realty Volume 5, Issue 10
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Sept. 2012
Data Courtesy Carolina MLS.
Data provided by MLS—Based on accepted contracts for the given month.
Evelyn McCorkle — 704. 957. 3558 — [email protected] — www.evelynmccorkle.com
Page 4 On the Move - He len Adams Realty Volume 5, Issue 10
September 2012 Home Market Overview The Foliage and The Market are Changing Reprinted from CRRA Monthly Indicators Report, September 2012
New listings in the Charlotte region decreased 3.5 percent to 3,290. Pending Sales were up 36.1 percent to 2,573. Inventory levels shrank 26.9 percent to 15,548 units.
Prices moved higher. The Median Sales price increased 6.7 percent to $160,000. List to Close was down 10.7 percent to 150 days. The supply-demand balance stabilized as Months Supply of Inventory was down 43.4 percent to 6.4 months.
Most housing metrics should follow their usual, autumnal movements —higher inventory and days on market, fewer sales, lower prices. That applies only to month-to month seasonal trends; most indicators should still show improvement on a year-over-year basis. As you already know, all real estate is local—down to the city neighborhood, suburban development and exurban lot. Let’s dive into some local figures.
The Fed’s mortgage purchases drove Freddie Mac’s average 30-year fixed-rate mortgage survey to an all-time low of 3.47 percent. Employment growth remains critical, providing the very jobs that will stimulate housing demand and higher prices as well as alleviate beleaguered homeowners.
Evelyn MCCorkle Trusted Real Estate Advisor
704.957.3558
2301 Randolph Road
Charlotte NC 28207