ON MOve Market Activity and Trends for Charlotte & Surrounding Counties A P R I L 2 0 1 0 The average closing price for the Charlotte area in March 2010 was $197,564, up approximately 3.2% compared to 2009. Aver‐ age days on market was 144.9 for the month of March, 2010. There were 1900 total closings in March 2010, up 12.1% compared to 2009. The bulk of home sales continues to be in the lower price ranges, with 79% of sales in the $250,000 and under category. Residential Closings - Entire MLS 2009 - 2010 March 2010 Closed Sales by Price Range www.helenadamsrealty.com the Current Active Listings by Price Range Under $120,000 $120 - $150,000 $150 - $250,000 $250 - $350,000 $350 - $500,000 Total Active Listings = 25,526 Data Courtesy Carolina MLS. 22% 13% 14% 11% 3% ASP = Average Sold Price Data Courtesy Carolina MLS. Total Sold March 2010 = 1900 Data Courtesy Carolina MLS. 15% 10% 6% 5% .08% $500K - $1 Million Over $1 Million 29% 9% Under $120,000 $120 - $150,000 $150 - $250,000 $250 - $350,000 $350 - $500,000 $500K - $1 Million Over $1 Million 36% 28% Tim Jones 704. 488. 9185 [email protected] Tim Jones 704. 488. 9185 [email protected] www.charlottefinehomes.net
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Mar 22, 2016
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ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
A P R I L 2 0 1 0
The average closing price for the Charlotte area in March 2010 was $197,564, up approximately 3.2% compared to 2009. Aver‐age days on market was 144.9 for the month of March, 2010.
There were 1900 total closings in March 2010, up 12.1% compared to 2009. The bulk of home sales continues to be in the lower price ranges, with 79% of sales in the $250,000 and under category.
Residential Closings - Entire MLS 2009 - 2010
March 2010 Closed Sales by Price Range
www.helenadamsrealty.com
the
Current Active Listings by Price Range
Under $120,000
$120 - $150,000
$150 - $250,000
$250 - $350,000
$350 - $500,000
Total Active Listings = 25,526
Data Courtesy Carolina MLS.
22%
13%
14%
11%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold March 2010 = 1900
Data Courtesy Carolina MLS.
15%
10%
6% 5% .08%
$500K - $1 Million
Over $1 Million 29%
9% Under $120,000
$120 - $150,000
$150 - $250,000
$250 - $350,000
$350 - $500,000
$500K - $1 Million
Over $1 Million
36%
28%
Tim Jones 704. 488. 9185
Tim Jones 704. 488. 9185 [email protected] www.charlottefinehomes.net
244 sold in 61-90 days
221 sold
in 91-120 days
Page 2 On the Move - He len Adams Realty Volume 2, Issue 4
Total Closed Units March 2010 - All MLS Areas
Residential Single Family, Townhomes & Condos
Days on Market
MLS Area Units Closed
Total Closed Volume
Average Closing Price
01 ‐ Mecklenburg County (N) 159 $ 29,225,252 $ 183,806
02 ‐ Mecklenburg County (E) 122 $ 14,970,423 $ 122,708
03 ‐ Mecklenburg County (SE) 75 $ 12,119,845 $ 161,597
04 ‐ Mecklenburg County (SSE) 74 $ 19,460,197 $ 262,975
05 ‐ Mecklenburg County (S) 153 $ 55,678,891 $ 363,914
06 ‐ Mecklenburg County (SSW) 63 $ 12,274,336 $ 194,830
07 ‐ Mecklenburg County (SW) 72 $ 10,141,913 $ 140,859
08 ‐ Mecklenburg County (W) 57 $ 4,756,780 $ 83,452
09 ‐ Mecklenburg County (NW) 90 $ 14,288,549 $ 158,761
10 ‐ Union County 164 $ 42,554,278 $ 259,477
11 ‐ Cabarrus County 148 $ 25,618,587 $ 173,098
12 ‐ Iredell County 90 $ 12,457,253 $ 138,413
13 ‐ Lake Norman 72 $ 29,239,110 $ 406,098
14 ‐ Lincoln County 24 $ 3,308,754 $ 137,864
15 ‐ Lake Wylie 23 $ 9,138,423 $ 397,322
16 ‐ Gaston County 140 $ 15,366,374 $ 109,759
17 ‐ York County 121 $ 24,367,790 $ 201,386
20 ‐ Alexander County 3 $ 581,000 $ 193,666
21 ‐ Rowan County 64 $ 8,076,101 $ 126,189
22 ‐ Cleveland County 25 $ 3,108,799 $ 124,351
23 ‐ Stanly County 22 $ 2,872,760 $ 130,580
24 ‐ Lancaster County 40 $ 9,669,483 $ 241,737
25 ‐ Anson County 6 $ 437,900 $ 72,983
29 ‐ Catawba County 15 $ 1,723,300 $ 114,886
35 ‐ Chester County 6 $ 462,400 $ 77,066
42 ‐ Mtn. Island Lake 19 $ 4,590,104 $ 241,584
99 ‐ Uptown Charlotte 13 $ 3,620,100 $ 278,469
TOTAL (ALL MLS) 1900 $375,372,052 $197,564
The following statistics apply to Jan. 6 to Feb. 5, 2010, and reflect days on market from the original listing date to the recorded closing date.
• 47 percent of homes closed in 121+ days.
• 16 percent of homes closed in 91‐120 days.
• 18 percent of homes closed in 61‐90 days.
• 16 percent of homes closed in 31‐60 days.
• 3 percent of homes closed in 0‐30 days.
Listing Date to Closing Date
121+ days
91-120 days
61-90 days
31-60 days
0-30 days
Average List to Close March. = 144.9 days
Data Courtesy Carolina MLS.
641 sold in 121+ days
215 sold in 31-60 days
42 sold in 0-30 days
Tim Jones 704. 488. 9185 [email protected] www.charlottefinehomes.net
Page 3 On the Move - He len Adams Realty Volume 2, Issue 4
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, March 2010
Data Courtesy Carolina MLS.
Tim Jones 704. 488. 9185 [email protected] www.charlottefinehomes.net
Page 4 On the Move - He len Adams Realty Volume 2, Issue 4
Absorption Rate Study by Zip Code January 2010 - March 2010
Residential Single Family, By Zip Code & Price Range Data Courtesy Carolina MLS
CHARLOTTE
CHARLOTTE
S. CHARLOTTE
* Active Listings also include all listings which are not yet sold (i.e. Pending and Conditional sales.)
Tim Jones 704. 488. 9185 [email protected] www.charlottefinehomes.net
Page 5 On the Move - He len Adams Realty Volume 2, Issue 4
Absorption Rate Study by Zip Code January 2010 - March 2010
Residential Single Family, By Zip Code & Price Range Data Courtesy Carolina MLS
LAKE NORMAN
Condo & Townhomes, By Zip Code & Price Range
* Active Listings also include all listings which are not yet sold (i.e. Pending and Conditional sales.)
Contact Us
For an
Absorption
Rate Analysis
Of Your
Neighborhood.
CHARLOTTE
CHARLOTTE
Tim Jones 704. 488. 9185 [email protected] www.charlottefinehomes.net
Sales Volume & Units Sold, By Year
Page 6 On the Move - He len Adams Realty Volume 2, Issue 4
Total Volume of Home Sales in 2010 Will be Similar to Total Home Sales in Year 2009 & 2001
View the entire Helen Adams 2010 Forecast by visiting:
www.helenadamsrealty.com/resources
The graphic above shows total closed sales volume (on the left axis), and total units sold (on the right axis) from 2000 to our forecast for 2010. Helen Adams Realty predicts a 4% increase in units sold in 2010, but no increase in total volume, due to the decrease in average home sale price.
Tim Jones
Phone: 704.488.9185
Fax: 704.749.9524
Email: [email protected]
Web: www.charlottefinehomes.net
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