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Monthly newsletter published by Helen Adams Realty about the Charlotte, NC area real estate market.
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ON MOve Market Activity and Trends for Charlotte & Surrounding Counties
D E C E M B E R 2 0 1 0
The average closing price for the Charlotte area in November 2010 was $215,239, up approximately 9.3% compared to 2009. Average days on market was 154 for the month of Nov., 2010.
There were 1487 total closings in Nov. 2010, down 25.7% com‐pared to 2009. The bulk of home sales continues to be in the lower price ranges, with 73% of sales in the $250,000 and under category.
Residential Closings - Entire MLS 2009 - 2010
Nov. 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 = 22,592
Data Courtesy Carolina MLS.
27%
13%
13%
9%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold NOV. 2010 = 1487
Data Courtesy Carolina MLS.
13%
12%
8% 5%
1%
$500K - $1 Million
Over $1 Million 28%
8% Under $120,000
$120 - $150,000
$150 - $250,000
$250 - $350,000
$350 - $500,000
$500K - $1 Million
Over $1 Million
34%
26%
Evelyn McCorkle 704. 957. 3558
Evelyn McCorkle — 704. 957. 3558 — [email protected] — www.evelynmccorkle.com
Page 2 On the Move - He len Adams Realty Volume 3, Issue 12
Total Closed Units November 2010 - All MLS Areas
Residential Single Family, Townhomes & Condos
MLS Area Units Closed
Total Closed Volume
Average Closing Price
01 ‐ Mecklenburg County (N) 93 $ 15,797,150 $ 169,862
02 ‐ Mecklenburg County (E) 93 $ 12,119,785 $ 130,320
03 ‐ Mecklenburg County (SE) 51 $ 6,897,489 $ 135,245
04 ‐ Mecklenburg County (SSE) 48 $ 11,502,951 $ 239,645
05 ‐ Mecklenburg County (S) 128 $ 50,112,195 $ 391,502
06 ‐ Mecklenburg County (SSW) 30 $ 6,940,424 $ 231,347
07 ‐ Mecklenburg County (SW) 44 $ 6,130,501 $ 139,330
08 ‐ Mecklenburg County (W) 25 $ 1,908,725 $ 76,349
09 ‐ Mecklenburg County (NW) 47 $ 8,201,088 $ 174,491
10 ‐ Union County 141 $ 33,357,672 $ 236,579
11 ‐ Cabarrus County 117 $ 21,422,174 $ 183,096
12 ‐ Iredell County 64 $ 8,977,189 $ 140,269
13 ‐ Lake Norman 90 $ 46,437,256 $ 515,970
14 ‐ Lincoln County 33 $ 4,250,914 $ 128,816
15 ‐ Lake Wylie 20 $ 6,534,200 $ 326,710
16 ‐ Gaston County 104 $ 12,558,339 $ 120,753
17 ‐ York County 95 $ 18,268,085 $ 192,296
20 ‐ Alexander County 3 $ 280,300 $ 93,433
21 ‐ Rowan County 63 $ 7,353,053 $ 116,715
22 ‐ Cleveland County 14 $ 1,466,552 $ 104,754
23 ‐ Stanly County 15 $ 1,528,428 $ 101,895
24 ‐ Lancaster County 106 $ 25,599,974 $ 241,509
25 ‐ Anson County 6 $ 436,400 $ 72,733
29 ‐ Catawba County 18 $ 3,659,300 $ 203,294
35 ‐ Chester County 6 $ 435,900 $ 72,650
42 ‐ Mtn. Island Lake 10 $ 2,144,605 $ 214,460
99 ‐ Uptown Charlotte 7 $ 1,994,800 $ 284,971
TOTAL (for All MLS) 1487 $367,837,293 $215,239
317 sold 61-90 days
282 sold 91-120 days
Days on Market
The following statistics apply to October 6 to Nov. 5, 2010, and reflect days on market from the original listing date to the recorded closing date.
• 48 percent of homes closed in 121+ days.
• 17 percent of homes closed in 91‐120 days.
• 19 percent of homes closed in 61‐90 days.
• 13 percent of homes closed in 31‐60 days.
• 4 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 October = 148 days
Data Courtesy Carolina MLS.
816 sold 121+ days
216 sold 31-60 days
64 sold 0-30 days
Evelyn McCorkle — 704. 957. 3558 — [email protected] — www.evelynmccorkle.com
Page 3 On the Move - He len Adams Realty Volume 3, Issue 12
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Nov. 2010
Data Courtesy Carolina MLS.
Evelyn McCorkle — 704. 957. 3558 — [email protected] — www.evelynmccorkle.com
Page 4 On the Move - He len Adams Realty Volume 3, Issue 12
View our 2011 Real Estate Forecast on our website, www.helenadamsrealty.com/market_data
Sales Volume & Units Sold, By Year Slight Increase Predicted for Total Home Sales in 2011
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 2011. Helen Adams Realty predicts a 3% increase in units sold in 2011, and 1.7% increase in total volume sold in 2011.
Evelyn MCCorkle
Trusted Real Estate Advisor
704.957.3558
2301 Randolph Road
Charlotte NC 28207
