Dec 2011 Mary Schurr Charlotte NCReal Estate Newsletter
4
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties D E C E M B E R 2 0 1 1 There were 1686 total closings in Nov. 2011, up 8.7% compared to Nov. 2010. 64% of all home sales in Nov. 2011 were in the $200,000 and under category. The average closing price for the Charlotte metro area in Nov. 2011 was $192,472, down 10.3% from Nov. 2010. In Nov. 2011, new listings decreased by 16.3%, pending sales increased by 12.8%, total active listings decreased by 24.0%. Residential Closings - Entire MLS Nov. 2010 - Nov. 2011 the 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 ASP = Average Sold Price Data Courtesy Carolina MLS. +8.7% +12.8 -16.3% -10.3% -24.0% 149 9.8 Current Active Listings by Price Range Under $100,000 $100,001 - $150K $150,001 - $200K $200,001 - $300K $300,001 - $450K Total Active Listings = 18,633 22% 20% 18% 12% $450,001 - $600K $600,001 - $800K 17% 5% $800,001 - $1M Over $1 Million November 2011 Sales by Price Range Total Sold November, 2011 = 1686 Data Courtesy Carolina MLS. Under $100,000 $100,001 - $150K $150,001 - $200K $200,001 - $300K $300,001 - $450K 28% 20% 17% 13% 5% $450,001 - $600K $600,001 - $800K 16% $800,001 - $1M Over $1 Million 1% 1% 2% 1% 1% 4% Mary Schurr 704-591-5703 [email protected] Mary Schurr 704-591-5703 [email protected] www.maryschurr.com
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Information about the Charlotte NC Real Estate Market based on stats from our local MLS.
Transcript of Dec 2011 Mary Schurr Charlotte NCReal Estate Newsletter
ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
D E C E M B E R 2 0 1 1
There were 1686 total closings in Nov. 2011, up 8.7% compared to
Nov. 2010. 64% of all home sales in Nov. 2011 were in the
$200,000 and under category. The average closing price for the
Charlotte metro area in Nov. 2011 was $192,472, down 10.3% from
Nov. 2010. In Nov. 2011, new listings decreased by 16.3%, pending
sales increased by 12.8%, total active listings decreased by 24.0%.
Residential Closings - Entire MLS Nov. 2010 - Nov. 2011
the
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
ASP = Average Sold Price
Data Courtesy Carolina MLS.
+8.7% +12.8 -16.3% -10.3% -24.0% 149 9.8
Current Active Listings by Price Range
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K
Total Active Listings = 18,633
22%
20%
18%
12%
$450,001 - $600K
$600,001 - $800K
17%
5%
$800,001 - $1M
Over $1 Million
November 2011 Sales by Price Range
Total Sold November, 2011 = 1686
Data Courtesy Carolina MLS.
Under $100,000
$100,001 - $150K
$150,001 - $200K
$200,001 - $300K
$300,001 - $450K 28%
20%
17%
13%
5%
$450,001 - $600K
$600,001 - $800K
16% $800,001 - $1M
Over $1 Million
1% 1% 2% 1% 1% 4%
Mary Schurr
704-591-5703
Mary Schurr 704-591-5703 [email protected] www.maryschurr.com
Page 2 On the Move - Helen Adams Realty Volume 4, Issue 12
Closed Units by Area November 2011 - By MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units Closed
1 Year Change
Average Sales Price
Charlotte - Gastonia - Rock Hill 1302 +14.7 $194,108
All of Mecklenburg County 757 +21.5 $191,261
01 - Mecklenburg County (N) 131 +37.9 $ 171,985
02 - Mecklenburg County (E) 100 +14.9 $ 99,268
03 - Mecklenburg County (SE) 61 +10.9 $ 124,115
04 - Mecklenburg County (SSE) 55 -1-8 $ 246,892
05 - Mecklenburg County (S) 145 +9.8 $ 315,134
06 - Mecklenburg County (SSW) 57 +72.7 $ 183,441
07 - Mecklenburg County (SW) 67 +55.8 $ 158,786
08 - Mecklenburg County (W) 44 +57.1 $ 61,821
09 - Mecklenburg County (NW) 51 +15.9 $134,259
10 - Union County 156 +6.8 $ 251,103
11 - Cabarrus County 130 +5.7 $ 179,655
12 - Iredell County 112 +7.7 $ 245,914
13 - Lake Norman 90 +15.4 $ 334,075
14 - Lincoln County 47 -11.3 $205,438
15 - Lake Wylie 21 -12.5 $388,381
16 - Gaston County 121 +2.5 $140,456
17 - York County, SC 136 +14.3 $ 208,045
42 - Mtn. Island Lake 17 +35.3 $179,607
99 - Uptown Charlotte 12 +20.0 $219,658
TOTAL (for All CMLS Area) 1686 +8.7 $192,472
Nov. Home Sales Snapshot
Data Courtesy Carolina MLS & 10K Research and Marketing.
+14.7% +4.8% +2.6% 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 12
Pending Contracts
Average Residential Sales Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Nov 2011
Data Courtesy Carolina MLS.
Mary Schurr 704-591-5703 [email protected] www.maryschurr.com
Page 4 On the Move - Helen Adams Realty Volume 4, I ssue 12
November 2011 Home Sales Overview Total Closed Sales Up, Average Home Sales Prices, Inventory & Foreclosures Down Data and article excerpts from
changes elsewhere in the marketplace.
In November, new listings in the Charlotte
region decreased 16.3%, pending sales
were up 12.8%, inventory levels shrank 24%
(a common trend across the country), and
average home sales price decreased 10.3%.
Foreclosed inventory levels have dropped
nearly 75% form their peak in 2010.
Not only do forces beyond supply and de-
mand affect home prices, but other factors
Home prices are one of the most popular
barometers of market vitality, yet they only
tell part of the story. Soft prices may ac-
company improvements in other indicators
such as purchase demand, absorption
rates, seller concessions or market times.
Regional, market-wide prices fall short by
not recognizing the mix of homes that close
each month, be it weighted toward single-
family, lender-mediated or new construc-
tion. In addition, price movements often lag
outside of housing serve as inputs into the
equation. New job growth and consumer
confidence drive household formations
which in turn fuels purchase demand and
pressures prices. Similarly, when real in-
comes rise, families can afford more house
and move-up buyers become increasingly
motivated. To that end, the jobless rate fell
from 9.0 percent to 8.6 percent in Novem-
ber – the lowest in 2.5 years.
Mary Schurr
704-591-5703
www.maryschurr.com
RANDOLPH ROAD
2301 Randolph Road, Charlotte, NC 28207
BALLANTYNE
15235-J John J. Delaney Dr., Charlotte, NC
28277
LAKE NORMAN
8600 Sam Furr Rd. Suite 150, Huntersville,
NC 28078
