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Residential Closings - Entire MLS

3500

$217,166
$216,445 ASP
2915
ASP

3268

3000
2500

April 2012 - April 2013

$207,380
ASP

$214,745
ASP

$227,913 $220,385
$217,555
ASP
ASP
ASP
2657

$204,335
$206,051 ASP $204,413 $205,53
$194,900 2621
7ASP $189,007
2575
ASP
ASP
ASP
ASP
2276 2339

2653

2607

2244

2169

2043

2163

2000
1500
1000
500
0
Apr12 May12 Jun12 Jul12 Aug12 Sept12 Oct12 Nov12 Dec12 Jan13 Feb13 Mar13 Apr13

ASP=AverageSoldPrice
DataCourtesyCarolinaMLS.

The Monthly Market Snapshot

+34.5% +56.8%
Changein
ClosedSales

2,915

+11.7%

+1.1%

-30.1%

Pending
Sales

Changein
NewLis ngs

Average
SalesPrice

TotalAc ve
Lis ngs

3,933

5,115

4.9

AverageDays MonthsSupplyof
ListtoClose
HomesforSale

$217,166 14,053

Current Active Listings by Price Range


3.0%

142

2.0% 1.0%

12 Month Count Pending Sales by Price Range


2.0%

1.0%

1.0%

4.0%
5.0%

under100,000

20.4%

100,001150,000
150,001200,000
18.6%

23.5%

12.6%

200,001300,000
300,001450,000
16.8%

450,001600,000
600,001800,000

19.3%
20.2%

800,0011,000,000
19.0%

1,000,000+
14.1%

under100,000
100,001150,000
150,001200,000
200,001300,000
300,001450,000
450,001600,000
600,001800,000
800,0011,000,000
1,000,000+

16.3%

AsofMay6,2013

AsofMay6,2013

TotalAc veLis ngs=14,053


PercentagesasreportedbyCRRA.

TotalPendingSales=34,080
DataCourtesyCarolinaMLSBasedonarolling12monthaverage.

www.helenadamsrealty.com

Page 2

On the Move - Helen Adams Realty

Closed Units by Area


April 2013 - By MLS Areas

Units 1 Year
Closed Change

Average
Sales Price

Charlo eGastoniaRockHill

2338

+37.6

$222,620

AllofMecklenburgCounty

1394

+41.2

$239,836

01MecklenburgCounty(N)

228

+40.7

$202,584

02MecklenburgCounty(E)

150

+30.4

$135,771

03MecklenburgCounty(SE)

107

+64.6

$146,067

04MecklenburgCounty(SSE)

155

+63.2

$319,180

05MecklenburgCounty(S)

274

+58.4

$380,002

06MecklenburgCounty(SSW)

112

+21.7

$228,558

07MecklenburgCounty(SW)

104

+36.8

$164,078

08MecklenburgCounty(W)

58

+3.6

$88,065

09MecklenburgCounty(NW)

112

+34.9

$177,630

10UnionCounty

301

+60.1

$249,364

11CabarrusCounty

202

+16.1

$172,022

12IredellCounty

202

+23.9

$237,551

13LakeNorman

123

+12.8

$408,554

14LincolnCounty

59

16.9

$208,866

15LakeWylie

57

+90.0

$299,404

16GastonCounty

180

+8.4

$131,527

17YorkCounty,SC

254

+47.7

$205,345

99UptownCharlo e

27

+50.0

$274,085

2915

+34.5

$217,166

TOTAL (for All CMLS Area)

Pending Sales Quick Facts

+54.7%

Residential Single Family, Townhomes & Condos


MLS Area

Volume 6, Issue 5

Percent of Original List Price Received

PriceRangewith
StrongestSales:
$300,001 and above

+42.5%
#Bedrooms
StrongestSales:
4 BR or More

+49.3%
PropertyType
StrongestSales:
Condos

PendingSalesbyPriceRange

PendingSalesbyBedroomCount

PendingSalesbyPropertyType

91.9%

4-2012

93.6%

4-2013

+1.8%

+/-

DataCourtesyCarolinaMLS&10KResearchandMarke ng.

On the Move - Helen Adams Realty

Volume 6, Issue 5

Pending Contracts

Apr.12
May.12
Jun.12
Jul.12
Aug.12
Sep.12
Oct.12
Nov.12
Dec.12
Jan.13
Feb.13
Mar.13
Apr.13

Page 3

Average Residential Sales Price

2471
Apr.12
May.12
Jun.12
Jul.12
Aug.12
Sep.12
Oct.12
Nov.12
Dec.12
Jan.13
Feb.13
Mar.13
Apr.13

3038
3274
1738
1665
2573
2738
2490
2150
2925
3089
3801
3933
0

1000

2000

3000

4000

5000

$214,743
$217,553
$227,913
$220,385
$207,380
$206,051
$204,336
$204,413
$205,537
$189,007
$194,900
$216,445
$217,166
$

$50,000 $100,000 $150,000 $200,000 $250,000

DataprovidedbyMLSBasedonacceptedcontractsforthegivenmonth.

30 Year Fixed Mortgage Rates

New Listings
4

Apr.12

4556
4476
4146
3930
4311

Jun.12
Aug.12

3290
3448
3028

Oct.12
Dec.12

3.68

3.7

3.6
3.6

3.53

3.57

3.55
3.47

3.3

3.4

3.41

3.45

3.35 3.35

3.2

4778
5115
0

3.8

3.8

3.4

3838
4207

Apr.13

3.91

3.5

2342

Feb.13

3.9

1000 2000 3000 4000 5000 6000

3.1
3
Apr.12May.12 Jun.12 Jul.12 Aug.12 Sep.12 Oct.12 Nov.12 Dec.12 Jan.13 Feb.13 Mar.13 Apr.13
Source:FreddieMac,NAR,March.2013
DataCourtesyCarolinaMLS.

www.helenadamsrealty.com

Page 4

On the Move - Helen Adams Realty

Volume 6, Issue 5

April 2013 Home Market Overview


BiddingWarsCausedbyLackofInventoryandSubduedLis ngAc vity ReprintedfromCRRAMonthlyIndicators,April2013
The S&P/Case-Shiller Home Price Index
recently showed that home prices in 20 major
metropolitan areas had increased at the strongest
pace since the bubble years. At long last, major
national indices are telling the story that local
MLS data users have known for months or even
years. Yes, the housing market is recovering. The
recovery varies by geography and market
segment, but things are certainly better than
they have been and are showing no signs of
letting up.

New Listings in the Charlotte region increased


11.7 percent to 5,115. Pending Sales were up
56.8 percent to 3,933. Inventory levels shrank
30.1 percent to 14,053 units.
Prices turned higher. The Median Sales Price
increased 4.4 percent to $167,000. List to Close
was down 8.9 percent to 142 days. Absorption
rates improved as Months Supply of Inventory
was down 49.7 percent to 4.9 months.

The prickliest thorns in our collective side are still


lack of inventory and subdued listing activity. In
some neighborhoods, consumers have 50 or 60
percent fewer options from which to choose than
they did a few years ago. That's causing bidding
wars in popular areas. Despite the competitive
landscape for buyers, housing remains one of the
brightest lights in an otherwise subdued economic
recovery.

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