charlotte nc real estate market report december 2009
TRANSCRIPT
8/14/2019 Charlotte NC Real Estate Market Report December 2009
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ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
D E C E M B E R 2 0 0 9
The average closing price for the Charlotte area in Nov. 2009 was
$195,244, up approximately 1.2% compared to 2008. Average
days on market was 116.7 for the month of November, 2009.
There were 2000 total closings in Nov. 2009, up 24% compared to
2008. The bulk of home sales continues to be in the lower price
ranges, with 90% of sales in the $350,000 and under category.
Residential Closings - Entire MLS 2008 - 2009
Nov. 2009 Closed Sales by Price Range
www.SoldByDebe.com
www.SoldByDebe.com
the
Current Active Listings by Price Range
Under $250,000 $250 - $350,000 $350 - $500,000 $500K - $1 Million $1 Million +
Total Active Listings = 23,317
Data Courtesy Carolina MLS.
62% 14%
11% 9%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold Nov. 09 = 2000
Data Courtesy Carolina MLS.
Under $250,000 $250 - $350,000 $350 - $500,000 $500K - $1 Million $1 Million +
79%
11% 4% 4%
0.7%
Compliments of Debe Maxwell, Realtor®/Broker Mobile: 704.491.3310
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339 sold
in 61-90 days 254sold
in 91-120 days
Page 2 On the Move - Helen Adams Realty Volume 1, Issue 12
Total Closed UnitsNovember 2009 - All MLS Areas
Residential Single Family, Townhomes & Condos
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Days on Market
MLS Area Units
Closed
Total
Closed Volume
Average
Closing
01 - Mecklenburg County (N) 161 $ 26,041,521 $ 161,748
02 - Mecklenburg County (E) 112 $ 15,046,180 $ 134,340
03 - Mecklenburg County (SE) 69 $ 11,819,016 $ 171,290
04 - Mecklenburg County (SSE) 96 $ 26,972,399 $ 280,962
05 - Mecklenburg County (S) 149 $ 53,803,099 $ 361,094
06 - Mecklenburg County (SSW) 78 $ 16,453,699 $ 210,944
07 - Mecklenburg County (SW) 66 $ 9,078,685 $ 137,555
08 - Mecklenburg County (W) 47 $ 4,851,730 $ 103,228
09 - Mecklenburg County (NW) 95 $ 13,254,945 $ 139,525
10 - Union County 175 $ 43,874,242 $ 250,709
11 - Cabarrus County 153 $ 25,149,010 $ 164,372
12 - Iredell County 85 $ 12,358,598 $ 145,395
13 - Lake Norman 78 $ 31,206,880 $ 400,088
14 - Lincoln County 45 $ 5,706,700 $ 126,815
15 - Lake Wylie 21 $ 6,691,565 $ 318,645
16 - Gaston County 141 $ 16,699,859 $ 118,438
17 - York County 162 $ 28,996,985 $ 178,993
20 - Alexander County 8 $ 701,500 $ 87,687
21 - Rowan County 85 $ 11,029,726 $ 129,761
22 - Cleveland County 12 $ 1,559,900 $ 129,991
23 - Stanly County 24 $ 3,720,175 $ 155,007
24 - Lancaster County 45 $ 10,454,647 $ 232,325
25 - Anson County 7 $ 377,690 $ 53,95529 - Catawba County 31 $ 4,745,650 $ 153,085
35 - Chester County 5 $ 224,400 $ 44,880
42 - Mtn. Island Lake 16 $ 2,453,174 $ 153,323
99 - Uptown Charlotte 13 $ 4,014,747 $ 308,826
TOTAL (ALL MLS) 2000 $390,489,032 $195,244
The following statistics apply to Sept. 6 to Oct. 6,
2009, and reflect days on market from the original
listing date to the recorded closing date.
46 percent of homes closed in 121+ days.
13 percent of homes closed in 91-120 days.
17 percent of homes closed in 61-90 days.
19 percent of homes closed in 31-60 days.
4 percent of homes closed in 0-30 days.
Listing Date to Closing
Average List to Close Nov. = 142.2 days
Data Courtesy Carolina MLS.
894 sold
in 121+ days
373 sold
in 31-60 days
85 sold
in 0-30 days
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Page 3On the Move - Helen Adams Realty Volume 1, Issue 12
www.SoldByDebe.com
Pending Contracts Average Residential Closing Price
New Listings 30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Nov. 2009
Data Courtesy Carolina MLS.
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Understanding the $8000 / $6500 Tax Credit
Page 4 On the Move - Helen Adams Realty Volume 1, Issue 12
Credits Offered to both First Time Home Buyers and on Purchase of a New Primary Residence
Download the new Tax Credit forms and guidelines.
There are key dates and conditions involved in this process if you
expect to qualify for the $8000 or $6500 tax credit.Some of the basics are:
Homes valued at $800,000 or more do not qualify.
A first-time buyer does not mean a person who has never
purchased a home. The IRS defines a first-time buyer as
anyone who has not owned a principal residence during the
three-year period prior to the purchase.
If you’re married, you and your spouse must pass the
consecutive-year test. For example, if you have not owned a
home in the past three years but your spouse has owned a
principal residence, neither you nor your spouse would qualify
for the $8000 first-time homebuyer tax credit. However, you
could be eligible for the repeat buyers’ $6,500 credit.
Unmarried joint purchasers may allocate the credit amount to
any buyer who qualifies as a first-time buyer, such as if a
parent jointly purchases a home with a son or daughter.
Key Dates:
April 30, 2010: Purchase and sales agreements must be dated
by all parties with a date on or before Friday, April 30, 2010.
June 30, 2010: Purchases must close on or before Wednesday,
June 30, 2010.
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