july on the move
DESCRIPTION
JULY ON THE MOVETRANSCRIPT
Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 7
June 2011 Home Sales Overview
Where is our market is heading? Some ac-
counts are optimistic while others, well,
aren't. The good news is that local data
offers a more reliable tone than national
sound bites can offer. When it comes to
hearing our market's true message, let's
listen. New Listings in the Charlotte region
decreased 19.2 percent to 4,067. Pending
Sales were up 18.0 percent to 2,358.
Local Data Offers More Reliable Forecast Than National Headlines Data and article excerpts from CMLS & 10K
Inventory levels shrank 19.3 percent to
22,362 units, but even choosy buyers can
find top-notch homes. This price needle
wouldn't budge this time. The Median Sales
Price declined 3.7 percent to $156,750. List
to Close increased 6.4 percent to 152 days.
Consumers were absorbing homes more
quickly as Months Supply of Inventory was
down 7.4 percent to 12.5 months. Afforda-
bility also improved.
On the national front, the interest rate
dropped to 4.79 percent on a 30-year fixed
conventional and 4.44 percent for FHA. The
unemployment rate has been stable around
9.0 percent and initial unemployment
claims have continued to fall. Wages and
payroll jobs are also improving slowly.
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
J U L Y 2 0 1 1
There were 2332 total closings in June 2011, down 8.1% compared
to June 2010. 63% of all home sales in June 2011 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in June 2011 was $216,399, up 3.9% from June
2010. In June 2011, new listings decreased by 19.2%, pending sales
increased by 18%, and active listings decreased by 19.3%.
Residential Closings - Entire MLS June 2010 - June 2011
June 2011 Sales by Price Range
www.helenadamsrealty.com
www.helenadamsrealty.com
the
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Active Listings = 22,362
19%
20%
18%
10%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold June, 2011 = 2332
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
4%
$800,001 - $1M
Over $1 Million
2% 1%
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
28%
19%
17%
11%
3%
$450,001 - $600K
$600,001 - $800K
16%
$800,001 - $1M
Over $1 Million
1% 1% 4%
-8.1% +18% -19.2% +3.9% -19.3% 152 12.5 Change in
Closed Sales
Change in
New Listings
Average
Sales Price
Total Active
Listings
Months Supply of
Homes for Sale
Average Days
on Market
Pending
Sales
Page 2 On the Move - Helen Adams Realty Volume 4, Issue 7
Closed Units by Area
May 2011 - All MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units
Closed
1 Year
Change
Average
Sales Price
Charlotte - Gastonia - Rock Hill 1843 -11.0% $223,969
All of Mecklenburg County 1110 -11.4% $235,816
01 - Mecklenburg County (N) 201 -12.6% $ 178,867
02 - Mecklenburg County (E) 126 -24.1% $ 108,024
03 - Mecklenburg County (SE) 80 -2.4% $ 150,393
04 - Mecklenburg County (SSE) 103 +7.3 $ 310,488
05 - Mecklenburg County (S) 226 -7.0% $ 405,461
06 - Mecklenburg County (SSW) 73 -24.7% $ 240,954
07 - Mecklenburg County (SW) 86 +8.9 $ 127,456
08 - Mecklenburg County (W) 52 -16.1% $ 82,025
09 - Mecklenburg County (NW) 82 -29.9% $161,804
10 - Union County 247 -3.5% $ 268,453
11 - Cabarrus County 155 -6.3% $ 189,333
12 - Iredell County 169 +17.4 $ 233,847
13 - Lake Norman 118 -10.6% $ 432,539
14 - Lincoln County 55 -24.7% $ 161,459
15 - Lake Wylie 39 0% $295,510
16 - Gaston County 139 -22.8% $ 133,232
17 - York County, SC 175 -10.7% $ 198,721
42 - Mtn. Island Lake 26 +38.5 $225,732
99 - Uptown Charlotte 16 -20% $238,888
TOTAL (for All CMLS Area) 2332 -8.1% $216,399
May Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+7.5% -4.9% -9.6%
Price Range with
Strongest Sales:
Under $100,000
# Bedrooms
Strongest Sales:
4+ bedrooms
Property Type
Strongest Sales:
Single Family
Page 3 On the Move - Helen Adams Realty Volume 4, I ssue 7
www.helenadamsrealty.com
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, June, 2011
Data Courtesy Carolina MLS.
Page 2 On the Move - Helen Adams Realty Volume 4, Issue 7
Closed Units by Area
May 2011 - All MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units
Closed
1 Year
Change
Average
Sales Price
Charlotte - Gastonia - Rock Hill 1843 -11.0% $223,969
All of Mecklenburg County 1110 -11.4% $235,816
01 - Mecklenburg County (N) 201 -12.6% $ 178,867
02 - Mecklenburg County (E) 126 -24.1% $ 108,024
03 - Mecklenburg County (SE) 80 -2.4% $ 150,393
04 - Mecklenburg County (SSE) 103 +7.3 $ 310,488
05 - Mecklenburg County (S) 226 -7.0% $ 405,461
06 - Mecklenburg County (SSW) 73 -24.7% $ 240,954
07 - Mecklenburg County (SW) 86 +8.9 $ 127,456
08 - Mecklenburg County (W) 52 -16.1% $ 82,025
09 - Mecklenburg County (NW) 82 -29.9% $161,804
10 - Union County 247 -3.5% $ 268,453
11 - Cabarrus County 155 -6.3% $ 189,333
12 - Iredell County 169 +17.4 $ 233,847
13 - Lake Norman 118 -10.6% $ 432,539
14 - Lincoln County 55 -24.7% $ 161,459
15 - Lake Wylie 39 0% $295,510
16 - Gaston County 139 -22.8% $ 133,232
17 - York County, SC 175 -10.7% $ 198,721
42 - Mtn. Island Lake 26 +38.5 $225,732
99 - Uptown Charlotte 16 -20% $238,888
TOTAL (for All CMLS Area) 2332 -8.1% $216,399
May Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+7.5% -4.9% -9.6%
Price Range with
Strongest Sales:
Under $100,000
# Bedrooms
Strongest Sales:
4+ bedrooms
Property Type
Strongest Sales:
Single Family
Page 3 On the Move - Helen Adams Realty Volume 4, I ssue 7
www.helenadamsrealty.com
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, June, 2011
Data Courtesy Carolina MLS.
Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 7
June 2011 Home Sales Overview
Where is our market is heading? Some ac-
counts are optimistic while others, well,
aren't. The good news is that local data
offers a more reliable tone than national
sound bites can offer. When it comes to
hearing our market's true message, let's
listen. New Listings in the Charlotte region
decreased 19.2 percent to 4,067. Pending
Sales were up 18.0 percent to 2,358.
Local Data Offers More Reliable Forecast Than National Headlines Data and article excerpts from CMLS & 10K
Inventory levels shrank 19.3 percent to
22,362 units, but even choosy buyers can
find top-notch homes. This price needle
wouldn't budge this time. The Median Sales
Price declined 3.7 percent to $156,750. List
to Close increased 6.4 percent to 152 days.
Consumers were absorbing homes more
quickly as Months Supply of Inventory was
down 7.4 percent to 12.5 months. Afforda-
bility also improved.
On the national front, the interest rate
dropped to 4.79 percent on a 30-year fixed
conventional and 4.44 percent for FHA. The
unemployment rate has been stable around
9.0 percent and initial unemployment
claims have continued to fall. Wages and
payroll jobs are also improving slowly.
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
J U L Y 2 0 1 1
There were 2332 total closings in June 2011, down 8.1% compared
to June 2010. 63% of all home sales in June 2011 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in June 2011 was $216,399, up 3.9% from June
2010. In June 2011, new listings decreased by 19.2%, pending sales
increased by 18%, and active listings decreased by 19.3%.
Residential Closings - Entire MLS June 2010 - June 2011
June 2011 Sales by Price Range
www.helenadamsrealty.com
www.helenadamsrealty.com
the
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Active Listings = 22,362
19%
20%
18%
10%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold June, 2011 = 2332
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
4%
$800,001 - $1M
Over $1 Million
2% 1%
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
28%
19%
17%
11%
3%
$450,001 - $600K
$600,001 - $800K
16%
$800,001 - $1M
Over $1 Million
1% 1% 4%
-8.1% +18% -19.2% +3.9% -19.3% 152 12.5 Change in
Closed Sales
Change in
New Listings
Average
Sales Price
Total Active
Listings
Months Supply of
Homes for Sale
Average Days
on Market
Pending
Sales