ON MOve Market Activity and Trends for Charlotte & Surrounding Counties J U N E 2 0 1 1 There were 2194 total closings in May 2011, down 11.5% com- pared to May 2010. 64% of all home sales in May 2011 were in the $200,000 and under category. The average closing price for the Charlotte metro area in May 2011 was $208,999, up 0.6% from May 2010. In May 2011, new listings decreased by 11.7%, pending sales increased by 13.5%, and active listings decreased by 17.3%. Residential Closings - Entire MLS May 2010 - May 2011 May, 2011 Sales by Price Range www.melissabrownhomes.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 = 22,763 19% 20% 18% 11% 3% ASP = Average Sold Price Data Courtesy Carolina MLS. Total Sold May, 2011 = 2194 Data Courtesy Carolina MLS. $450,001 - $600K $600,001 - $800K 17% 5% $800,001 - $1M Over $1 Million 2% 1% Under $100,000 $100,001 - $150K $150,001 - $200K $200,001 - $300K $300,001 - $450K 28% 20% 17% 10% 2% $450,001 - $600K $600,001 - $800K 16% $800,001 - $1M Over $1 Million 1% 1% 3% -11.5% +13.5% -11.7% +0.6% -17.3% 154 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
ON THE MOVE JUNE
Mar 12, 2016
Charlotte Real Estate Market Activity for JUNE 2011
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Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 6
May 2011 Home Sales Overview
The road to recovery can look similar to a
locomotive coming around a bend. Some
cars have already made it around the curve
while others haven't yet reached it. The
same can be said of various market seg-
ments. For the 12-month period spanning
June 2010 through May 2011, Pending
Sales in the Charlotte region were down
12.6 percent from the same period a year
Road to Recovery Starts from the Bottom Up Data and article excerpts from CMLS & 10K Research and Marketing.
prior. However, the largest gain occurred in
the $100,000 and Below range, where they
increased 6.1 percent to 6,060 units.
Nationally, the interest rate dropped to 4.88
percent on a 30-year fixed conventional
while the unemployment rate snuck up to
9.1 percent in May. The economy added
54,000 jobs, which was far less than April.
The slowest job growth occurred in indus-
tries dependent on discretionary spending
that's now going to the gas pump. As recov-
ery goes, so goes positive trends. Some
metrics should continue to show favorable
movement compared to the post-credit
slump seen during the summer and fall of
last year.
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
J U N E 2 0 1 1
There were 2194 total closings in May 2011, down 11.5% com-
pared to May 2010. 64% of all home sales in May 2011 were in
the $200,000 and under category. The average closing price for
the Charlotte metro area in May 2011 was $208,999, up 0.6% from
May 2010. In May 2011, new listings decreased by 11.7%, pending
sales increased by 13.5%, and active listings decreased by 17.3%.
Residential Closings - Entire MLS May 2010 - May 2011
May, 2011 Sales by Price Range
www.melissabrownhomes.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 = 22,763
19%
20%
18%
11%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold May, 2011 = 2194
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
2% 1%
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
28%
20%
17%
10%
2%
$450,001 - $600K
$600,001 - $800K
16%
$800,001 - $1M
Over $1 Million
1% 1% 3%
-11.5% +13.5% -11.7% +0.6% -17.3% 154 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 6
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 1736 -12.7% $216,529
All of Mecklenburg County 1061 -8.9% $226,492
01 - Mecklenburg County (N) 200 -2.4% $ 170,814
02 - Mecklenburg County (E) 114 -10.2% $ 118,066
03 - Mecklenburg County (SE) 63 -26.7% $ 113,301
04 - Mecklenburg County (SSE) 104 -5.5% $ 326,045
05 - Mecklenburg County (S) 218 +3.8% $ 381,986
06 - Mecklenburg County (SSW) 88 +10% $ 205,775
07 - Mecklenburg County (SW) 75 -9.6% $ 134,635
08 - Mecklenburg County (W) 43 -50% $ 72,505
09 - Mecklenburg County (NW) 82 -14.6% $158,313
10 - Union County 230 +1.3% $ 278,872
11 - Cabarrus County 155 -25.8% $ 156,069
12 - Iredell County 145 -13.2% $ 240,937
13 - Lake Norman 77 -31.3% $ 503,223
14 - Lincoln County 61 -10.3% $ 140,981
15 - Lake Wylie 22 -52.2% $320,740
16 - Gaston County 140 -27.8% $ 122,803
17 - York County, SC 142 -24.1% $ 206,763
42 - Mtn. Island Lake 18 -25% $123,909
99 - Uptown Charlotte 19 0% $185,380
TOTAL (for All CMLS Area) 2194 -11.5% $208,999
May Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+6.1% -5.7% -11.5%
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 6
www.helenadamsrealty.com
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, May, 2011
Data Courtesy Carolina MLS.
Page 2 On the Move - Helen Adams Realty Volume 4, Issue 6
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 1736 -12.7% $216,529
All of Mecklenburg County 1061 -8.9% $226,492
01 - Mecklenburg County (N) 200 -2.4% $ 170,814
02 - Mecklenburg County (E) 114 -10.2% $ 118,066
03 - Mecklenburg County (SE) 63 -26.7% $ 113,301
04 - Mecklenburg County (SSE) 104 -5.5% $ 326,045
05 - Mecklenburg County (S) 218 +3.8% $ 381,986
06 - Mecklenburg County (SSW) 88 +10% $ 205,775
07 - Mecklenburg County (SW) 75 -9.6% $ 134,635
08 - Mecklenburg County (W) 43 -50% $ 72,505
09 - Mecklenburg County (NW) 82 -14.6% $158,313
10 - Union County 230 +1.3% $ 278,872
11 - Cabarrus County 155 -25.8% $ 156,069
12 - Iredell County 145 -13.2% $ 240,937
13 - Lake Norman 77 -31.3% $ 503,223
14 - Lincoln County 61 -10.3% $ 140,981
15 - Lake Wylie 22 -52.2% $320,740
16 - Gaston County 140 -27.8% $ 122,803
17 - York County, SC 142 -24.1% $ 206,763
42 - Mtn. Island Lake 18 -25% $123,909
99 - Uptown Charlotte 19 0% $185,380
TOTAL (for All CMLS Area) 2194 -11.5% $208,999
May Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+6.1% -5.7% -11.5%
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 6
www.helenadamsrealty.com
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, May, 2011
Data Courtesy Carolina MLS.
Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 6
May 2011 Home Sales Overview
The road to recovery can look similar to a
locomotive coming around a bend. Some
cars have already made it around the curve
while others haven't yet reached it. The
same can be said of various market seg-
ments. For the 12-month period spanning
June 2010 through May 2011, Pending
Sales in the Charlotte region were down
12.6 percent from the same period a year
Road to Recovery Starts from the Bottom Up Data and article excerpts from CMLS & 10K Research and Marketing.
prior. However, the largest gain occurred in
the $100,000 and Below range, where they
increased 6.1 percent to 6,060 units.
Nationally, the interest rate dropped to 4.88
percent on a 30-year fixed conventional
while the unemployment rate snuck up to
9.1 percent in May. The economy added
54,000 jobs, which was far less than April.
The slowest job growth occurred in indus-
tries dependent on discretionary spending
that's now going to the gas pump. As recov-
ery goes, so goes positive trends. Some
metrics should continue to show favorable
movement compared to the post-credit
slump seen during the summer and fall of
last year.
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
J U N E 2 0 1 1
There were 2194 total closings in May 2011, down 11.5% com-
pared to May 2010. 64% of all home sales in May 2011 were in
the $200,000 and under category. The average closing price for
the Charlotte metro area in May 2011 was $208,999, up 0.6% from
May 2010. In May 2011, new listings decreased by 11.7%, pending
sales increased by 13.5%, and active listings decreased by 17.3%.
Residential Closings - Entire MLS May 2010 - May 2011
May, 2011 Sales by Price Range
www.melissabrownhomes.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 = 22,763
19%
20%
18%
11%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold May, 2011 = 2194
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
2% 1%
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
28%
20%
17%
10%
2%
$450,001 - $600K
$600,001 - $800K
16%
$800,001 - $1M
Over $1 Million
1% 1% 3%
-11.5% +13.5% -11.7% +0.6% -17.3% 154 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
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