July On the Move

ON MOve Market Ac vity and Trends for Charlo e & Surrounding Coun es

J u L Y 2 0 1 2

There were 2657  total closings in June 2012, up 14% compared to

June 2011. 64% of all home sales in June 2012 were in the

$200,000 and under category. The average closing price for the

Charlo e metro area in June 2012 was $227,924, up 5.3% from June

2011. In June 2012, new lis ngs decreased by 0.8%, pending sales

increased by 8.9%, total ac ve lis ngs decreased by 17.4%.

Residential Closings - Entire MLS June 2011 - June 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% +8.9% -0.8% +5.3% -17.4% 139 9.3

Current Active Listings by Price Range

Total Ac ve Lis ngs = 19,510

June 2012 Sales by Price Range

Total Pending Sales = 25,152

Data Courtesy Carolina MLS—Based on a rolling 12‐month average.

www.helenadamsrealty.com

Page 2 On the Move - He len Adams Realty Volume 5, Issue 7

Closed Units by Area June 2012 - By MLS Areas

Residential Single Family, Townhomes & Condos

MLS Area Units

Closed

1 Year

Change

Average

Sales Price

Charlo e ‐ Gastonia ‐ Rock Hill 2101 +13.6  $ 237,411

All of Mecklenburg County 1238 +11.7  $ 255,593

01 ‐ Mecklenburg County (N) 184 ‐8.5  $ 201,736

02 ‐ Mecklenburg County (E) 141 +11.9  $ 115,137

03 ‐ Mecklenburg County (SE) 77 ‐2.5  $ 138,615

04 ‐ Mecklenburg County (SSE) 148 +43.7  $ 337,750

05 ‐ Mecklenburg County (S) 278 +26.9  $ 431,842

06 ‐ Mecklenburg County (SSW) 100 +25.0  $ 240,247

07 ‐ Mecklenburg County (SW) 70 ‐18.6  $ 153,212

08 ‐ Mecklenburg County (W) 56 +7.7  $ 73,616

10 ‐ Union County 260 +5.3  $ 257,835

11 ‐ Cabarrus County 200 +21.2  $ 189,696

12 ‐ Iredell County 191 +13.0  $ 231,419

13 ‐ Lake Norman 137 +17.1  $ 395,525

14 ‐ Lincoln County 67 +21.8  $ 208,017

15 ‐ Lake Wylie 57 +46.2  $ 390,683

16 ‐ Gaston County 177 +27.3  $ 162,403

17 ‐ York County, SC 217 +18.6  $ 220,989

42 ‐ Mtn. Island Lake 17 +35.3  $ 179,607

99 ‐ Uptown Charlo e 28 +75.0  $ 228,781

TOTAL (for All CMLS Area) 2657 +14.0  $227,924

09 ‐ Mecklenburg County (NW) 96 +17.1  $ 148,304

June Home Sales Snapshot

Data Courtesy Carolina MLS & 10K Research and Marke ng.

+23.2% +16.9% +21.6% Price Range with

Strongest Sales:

$200-300,000

# Bedrooms

Strongest Sales:

2 BR or Less

Property Type

Strongest Sales:

Condos

RANDOLPH OFFICE2301 RANDOLPH ROADCHARLOTTE, NC 28207

704.375.8598

Our New Agents 2011-2012helen adams realty proudly presents

ROBIN CARUSOBallantyne Office

STEPHANIE THOMASBallantyne Office

kari kessellRandolph Office

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sasha levonsRandolph Office

Wil McKeeLake Norman

melanie spenceLake Norman

Gina MauneyBallantyne Office

brie hoppenfeldRandolph Office

brock norrisRandolph Office

kelly mixonLake Norman

pepper stanfordLake Norman

ANN MURPHYBallantyne Office

caroline jacksonRandolph Office

christina provettRandolph Office

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This year, our team helped 30 new AGENTS find success,what can we help YOU find? Learn more at www.HelenAdamsRealty.com

Martha & robert TremblayLake Norman

BALLANTYNE OFFICE15235-J JOHN J. DELANEY DR.

CHARLOTTE, NC 28277704.341.0279

LAKE NORMAN OFFICE8600 SAM FURR ROAD SUITE150

HUNTERSVILLE, NC 28078704.439.3300

dawn gilliamBallantyne Office

jess BabbingtonLake Norman

Page 3 On the Move - He len Adams Realty Volume 5, Issue 7

www.helenadamsrealty.com

Pending Contracts

Average Residential Sales Price

New Listings

30 Year Fixed Mortgage Rates

Source: Freddie Mac, NAR, March 2012

Data Courtesy Carolina MLS.

Data provided by MLS—Based on accepted contracts for the given month.

Page 4 On the Move - He len Adams Realty Volume 5, Issue 7

June 2012 Home Sales Overview Residen al Real Estate Takes Meaningful Strides Towards Recovery                          Data and ar cle excerpts from CMLS Monthly Indicators

improvement. Let's see what the rest of our local data has to say.

New Lis ngs in the Charlo e region decreased 0.8 percent to 4,109. Pending Sales were up 8.9 percent to 2,506. Inventory levels shrank 17.4 percent to 19,510 units.

Prices moved higher. The Median Sales Price increased 9.4 percent to $171,500. List to Close was down 8.4 percent to 139 days. The supply‐demand balance stabilized as Months Supply of Inventory was down 29.0 percent to 9.3 months.

We’re halfway through 2012, and what a year it’s been. Residen al real estate has finally taken some meaningful strides toward recovery, and they’ve all been self‐powered without divine (or governmental) interven on. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, several indicators showed

We seem to be at a cri cal inflec on point in our search for more employment opportuni es. Job growth provides the dual benefit of s mula ng new household growth as well as relieving distressed homeowners. There's also the posi ve feedback loop of housing crea ng jobs and jobs crea ng housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid‐2013.

RANDOLPH ROAD

2301 Randolph Road, Charlo e, NC 28207

BALLANTYNE

15235‐J John J. Delaney Dr., Charlo e, NC 28277

LAKE NORMAN

8600 Sam Furr Rd. Suite 150, Huntersville, NC 28078