There were 1882 total closings in April 2011, down 15% compared to April 2010. 64% of all home sales in April 2011 were in the $200,000 and under category. The average closing price for the Charlotte metro area in April 2011 was $203,428, up 1.0% from April 2010. In April 2011, new listings decreased by 26%, pending sales decreased by 25%, and total active listings decreased by 16.5%. Residential Closings - Entire MLS April 2010 - April 2011 April Closed Sales by Price Range www.helenadamsrealty.com Current Active Listings by Price Range Under $100,000 $100,001 - $150K $150,001 - $200K $200,001 - $300K $300,001 - $450K Total Active Listings = 22,999 20% 20% 18% 11% 3% ASP = Average Sold Price Data Courtesy Carolina MLS. Total Sold April, 2011 = 1882 Data Courtesy Carolina MLS. $450,001 - $600K $600,001 - $800K 17% 5% $800,001 - $1M Over $1 Million 1% 2% 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% 5% $800,001 - $1M Over $1 Million 1% 1% 3% -15% -25.0% -26.1% +1.0% -16.5% 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 MAY 2011
Mar 07, 2016
Charlotte Real Estate Market Activity for MAY 2011
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Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 5
April 2011 Home Sales Overview
Due to the 2010 tax credit, current market
activity can look drastically different than it
did one year ago, but there is some positive
news in the mix to suggest that recovery is
under way.
Inventory levels in April shrank 16.5 percent
to 22,999 units – a positive trend that should
preserve market balance. Prices were more or
less stable. The Median Sales Price increased
Positive News Suggests Recovery is Under Way Data and article excerpts from CMLS & 10K Research and Marketing.
2.0 percent to $153,000. The List to Close met-
ric increased 8.6 percent to 154 days. The
supply-demand balance improved as Months
Supply of Inventory was down 9.8 percent to
12.5 months. The segment of homes that
tended to sell quickest was the $100,00 and
below range at 127 average days on market.
Single family homes saw the largest price gain.
Nationally, the interest rate is 5.0 percent on a
30-year fixed conventional and the unemploy-
ment rate edged up to 9.0 percent in April,
even as the economy added 244,000 jobs. Job
seekers showed more confidence, a potential
indicator of future housing demand. Moving
forward, expect a different story to unfold in
our market. We'll soon be comparing current
activity to a post-credit slump that occurred
during the summer and fall of 2010.
There were 1882 total closings in April 2011, down 15% compared
to April 2010. 64% of all home sales in April 2011 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in April 2011 was $203,428, up 1.0% from April
2010. In April 2011, new listings decreased by 26%, pending sales
decreased by 25%, and total active listings decreased by 16.5%.
Residential Closings - Entire MLS April 2010 - April 2011
April Closed Sales by Price Range
www.helenadamsrealty.com
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Active Listings = 22,999
20%
20%
18%
11%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold April, 2011 = 1882
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
1% 2%
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%
5%
$800,001 - $1M
Over $1 Million
1% 1% 3%
-15% -25.0% -26.1% +1.0% -16.5% 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 5
Closed Units by Area
April 2011 - All MLS Areas
Residential Single Family, Townhomes & Condos
www.helenadamsrealty.com
MLS Area Units
Closed
One Year
Change
Average
Sales Price
All of Mecklenburg County 882 -14.9 $226,134
Charlotte - Gastonia - Rock Hill 1472 -17.2% $209,412
01 - Mecklenburg County (N) 149 -27.3% $ 150,000
02 - Mecklenburg County (E) 106 -2.8% $ 118,359
03 - Mecklenburg County (SE) 64 -19.0% $ 129,108
04 - Mecklenburg County (SSE) 88 0% $ 333,461
05 - Mecklenburg County (S) 162 -14.3% $ 363,878
06 - Mecklenburg County (SSW) 62 -11.4% $ 216,985
07 - Mecklenburg County (SW) 71 0% $ 135,671
08 - Mecklenburg County (W) 38 -44.9% $ 79,840
10 - Union County 174 -24.7% $ 225,211
11 - Cabarrus County 149 -13.9% $ 165,917
12 - Iredell County 135 -13.5% $ 232,491
13 - Lake Norman 98 +12.6% $ 427,334
14 - Lincoln County 47 -17.5% $ 161,987
15 - Lake Wylie 34 0% $ 381,836
16 - Gaston County 119 -36.7% $ 125,991
17 - York County 139 -1.4% $ 209,062
42 - Mtn. Island Lake 14 +22% $237,792
99 - Uptown Charlotte 16 +6.7% $267,566
TOTAL (for All CMLS Area) 1882 -15.8% $203,428
April Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+5.9% -7.5% -12.7%
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 5
www.helenadamsrealty.com
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, April 2011
Data Courtesy Carolina MLS.
Page 2 On the Move - Helen Adams Realty Volume 4, Issue 5
Closed Units by Area
April 2011 - All MLS Areas
Residential Single Family, Townhomes & Condos
www.helenadamsrealty.com
MLS Area Units
Closed
One Year
Change
Average
Sales Price
All of Mecklenburg County 882 -14.9 $226,134
Charlotte - Gastonia - Rock Hill 1472 -17.2% $209,412
01 - Mecklenburg County (N) 149 -27.3% $ 150,000
02 - Mecklenburg County (E) 106 -2.8% $ 118,359
03 - Mecklenburg County (SE) 64 -19.0% $ 129,108
04 - Mecklenburg County (SSE) 88 0% $ 333,461
05 - Mecklenburg County (S) 162 -14.3% $ 363,878
06 - Mecklenburg County (SSW) 62 -11.4% $ 216,985
07 - Mecklenburg County (SW) 71 0% $ 135,671
08 - Mecklenburg County (W) 38 -44.9% $ 79,840
10 - Union County 174 -24.7% $ 225,211
11 - Cabarrus County 149 -13.9% $ 165,917
12 - Iredell County 135 -13.5% $ 232,491
13 - Lake Norman 98 +12.6% $ 427,334
14 - Lincoln County 47 -17.5% $ 161,987
15 - Lake Wylie 34 0% $ 381,836
16 - Gaston County 119 -36.7% $ 125,991
17 - York County 139 -1.4% $ 209,062
42 - Mtn. Island Lake 14 +22% $237,792
99 - Uptown Charlotte 16 +6.7% $267,566
TOTAL (for All CMLS Area) 1882 -15.8% $203,428
April Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+5.9% -7.5% -12.7%
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 5
www.helenadamsrealty.com
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, April 2011
Data Courtesy Carolina MLS.
Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 5
April 2011 Home Sales Overview
Due to the 2010 tax credit, current market
activity can look drastically different than it
did one year ago, but there is some positive
news in the mix to suggest that recovery is
under way.
Inventory levels in April shrank 16.5 percent
to 22,999 units – a positive trend that should
preserve market balance. Prices were more or
less stable. The Median Sales Price increased
Positive News Suggests Recovery is Under Way Data and article excerpts from CMLS & 10K Research and Marketing.
2.0 percent to $153,000. The List to Close met-
ric increased 8.6 percent to 154 days. The
supply-demand balance improved as Months
Supply of Inventory was down 9.8 percent to
12.5 months. The segment of homes that
tended to sell quickest was the $100,00 and
below range at 127 average days on market.
Single family homes saw the largest price gain.
Nationally, the interest rate is 5.0 percent on a
30-year fixed conventional and the unemploy-
ment rate edged up to 9.0 percent in April,
even as the economy added 244,000 jobs. Job
seekers showed more confidence, a potential
indicator of future housing demand. Moving
forward, expect a different story to unfold in
our market. We'll soon be comparing current
activity to a post-credit slump that occurred
during the summer and fall of 2010.
There were 1882 total closings in April 2011, down 15% compared
to April 2010. 64% of all home sales in April 2011 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in April 2011 was $203,428, up 1.0% from April
2010. In April 2011, new listings decreased by 26%, pending sales
decreased by 25%, and total active listings decreased by 16.5%.
Residential Closings - Entire MLS April 2010 - April 2011
April Closed Sales by Price Range
www.helenadamsrealty.com
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Active Listings = 22,999
20%
20%
18%
11%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold April, 2011 = 1882
Data Courtesy Carolina MLS.
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
1% 2%
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%
5%
$800,001 - $1M
Over $1 Million
1% 1% 3%
-15% -25.0% -26.1% +1.0% -16.5% 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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