Charlotte Nc Market Update 2009 Q3
This document was uploaded by user and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this DMCA report form. Report DMCA
Overview
Download & View Charlotte Nc Market Update 2009 Q3 as PDF for free.
More details
- Words: 806
- Pages: 4
ONthe MOve Market Activity and Trends for Charlotte & Surrounding Counties
OCTO BER 2009 www.SoldByDebe.com
Residential Closings - Entire MLS 2008 - 2009 ASP = Average Sold Price Data Courtesy Carolina MLS.
The average closing price for the Charlotte area in Sept. 2009 was $196,760, down approximately 8.5 % compared to 2008. Average days from listing date to closing was 142.6 in September.
There were 1945 total closings in Sept. 2009, down 13.2% compared to 2008. The bulk of home sales continues to be in the lower price ranges, with 88% of sales in the $350,000 and under category.
Current Active Listings by Price Range
Sept. 2009 Closed Sales by Price Range
3%
0.5%
Under $250,000
10% 11%
4%
$250 - $350,000 $350 - $500,000
$1 Million +
14%
$250 - $350,000
7% 11%
$350 - $500,000 $500K - $1 Million
$500K - $1 Million
62%
Under $250,000
$1 Million +
77%
Total Active Listings = 27,576
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS.
www.SoldByDebe.com
Page 2
On the Move - Helen Adams Realty
Volume 1, Issue 4
Total Closed Units September 2009 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area
Units Total Closed Closed Volume
Average Closing
01 - Mecklenburg County (N)
167
$ 27,185,953
$ 162,790
02 - Mecklenburg County (E)
113
$ 13,283,289
$ 117,551
03 - Mecklenburg County (SE)
73
$ 11,154,465
$ 152,800
04 - Mecklenburg County (SSE)
84
$ 23,427,305
$ 278,896
05 - Mecklenburg County (S)
138
$ 47,492,880
$ 344,151
06 - Mecklenburg County (SSW)
74
$ 15,578,597
$ 210,521
07 - Mecklenburg County (SW)
65
$ 9,214,120
$ 141,755
08 - Mecklenburg County (W)
53
$ 5,382,861
$ 101,563
09 - Mecklenburg County (NW)
83
$ 13,192,644
$ 158,947
10 - Union County
224
$ 59,129,051
$ 263,968
11 - Cabarrus County
127
$ 20,870,374
$ 164,3333
The following statistics apply to August 6 to Sept. 6, 2009, and reflect days on market from the original listing date to the recorded closing date.
12 - Iredell County
74
$ 11,130,167
$ 150,407
•
47 percent of homes closed in 121+ days.
13 - Lake Norman
84
$ 34,720,942
$ 413,344
•
14 percent of homes closed in 91-120 days.
14 - Lincoln County
49
$ 7,274,410
$ 148,457
•
16 percent of homes closed in 61-90 days.
15 - Lake Wylie
24
$ 7,942,790
$ 330,949
•
19 percent of homes closed in 31-60 days.
16 - Gaston County
148
$ 18,599,610
$ 125,673
•
4 percent of homes closed in 0-30 days.
17 - York County
118
$ 22,604,780
$ 191,565
20 - Alexander County
5
$ 544,800
$ 108,960
21 - Rowan County
66
$ 8,523,240
$ 129,140
22 - Cleveland County
25
$ 2,598,900
$ 103,956
90 sold 0-30 days
23 - Stanly County
31
$ 3,452,369
$ 111,366
24 - Lancaster County
41
$ 7,780,025
$ 189,756
25 - Anson County
5
$ 442,501
$ 88,500
Days on Market
Listing Date to Closing
1034 sold
121+ days 91-120 days
421 sold
61-90 days
31-60 days
31-60 days
121+ days
29 - Catawba County
28
$ 4,289,520
$ 153,197
0-30 days
361 sold
35 - Chester County
4
$ 343,800
$ 85,950
42 - Mtn. Island Lake
11
$ 1,646,775
$ 149,706
315 sold
99 - Uptown Charlotte
10
$ 2,371,250
$ 237,125
91-120 days
TOTAL (ALL MLS)
1945
$382,698,884
61-90 days
$196,760 Total Active Listings = 27,576 Data Courtesy Carolina MLS.
www.SoldByDebe.com
On the Move - Helen Adams Realty
Volume 1, Issue 4
Page 3
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Sept., 2009 Data Courtesy Carolina MLS.
www.SoldByDebe.com
Page 4
On the Move - Helen Adams Realty
Volume 1, Issue 4
2010 Residential Real Estate Forecast A Thorough Analysis of the Charlotte Metro Real Estate Market Presented to Over 400 Guests On October 14, 2009, Helen Adams Realty presented a 2010 Residential Real Estate Forecast to over 400 people at Charlotte Country Club. You may view this presentation, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources. The following is an overview of the presentation material: •
A review of the history of government involvement in the real estate industry.
•
A review of Charlotte’s history of residential sales.
•
A forecast for residential sales in 2010.
•
A forecast for trends which may impact the real estate industry.
•
An overview of Charlotte’s future growth.
•
A call to action to support the Charlotte’s Public School Systems.
View our 2010 Real Estate Forecast, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources
Debe Maxwell, Realtor/Broker
Helen adams Realty 2301 Randolph Road, Charlotte, NC 28207 [email protected] 704-491-3310 Visit our website: www.SoldByDebe.com Read our blog: www.ActiveRain.com/debe
OCTO BER 2009 www.SoldByDebe.com
Residential Closings - Entire MLS 2008 - 2009 ASP = Average Sold Price Data Courtesy Carolina MLS.
The average closing price for the Charlotte area in Sept. 2009 was $196,760, down approximately 8.5 % compared to 2008. Average days from listing date to closing was 142.6 in September.
There were 1945 total closings in Sept. 2009, down 13.2% compared to 2008. The bulk of home sales continues to be in the lower price ranges, with 88% of sales in the $350,000 and under category.
Current Active Listings by Price Range
Sept. 2009 Closed Sales by Price Range
3%
0.5%
Under $250,000
10% 11%
4%
$250 - $350,000 $350 - $500,000
$1 Million +
14%
$250 - $350,000
7% 11%
$350 - $500,000 $500K - $1 Million
$500K - $1 Million
62%
Under $250,000
$1 Million +
77%
Total Active Listings = 27,576
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS.
www.SoldByDebe.com
Page 2
On the Move - Helen Adams Realty
Volume 1, Issue 4
Total Closed Units September 2009 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area
Units Total Closed Closed Volume
Average Closing
01 - Mecklenburg County (N)
167
$ 27,185,953
$ 162,790
02 - Mecklenburg County (E)
113
$ 13,283,289
$ 117,551
03 - Mecklenburg County (SE)
73
$ 11,154,465
$ 152,800
04 - Mecklenburg County (SSE)
84
$ 23,427,305
$ 278,896
05 - Mecklenburg County (S)
138
$ 47,492,880
$ 344,151
06 - Mecklenburg County (SSW)
74
$ 15,578,597
$ 210,521
07 - Mecklenburg County (SW)
65
$ 9,214,120
$ 141,755
08 - Mecklenburg County (W)
53
$ 5,382,861
$ 101,563
09 - Mecklenburg County (NW)
83
$ 13,192,644
$ 158,947
10 - Union County
224
$ 59,129,051
$ 263,968
11 - Cabarrus County
127
$ 20,870,374
$ 164,3333
The following statistics apply to August 6 to Sept. 6, 2009, and reflect days on market from the original listing date to the recorded closing date.
12 - Iredell County
74
$ 11,130,167
$ 150,407
•
47 percent of homes closed in 121+ days.
13 - Lake Norman
84
$ 34,720,942
$ 413,344
•
14 percent of homes closed in 91-120 days.
14 - Lincoln County
49
$ 7,274,410
$ 148,457
•
16 percent of homes closed in 61-90 days.
15 - Lake Wylie
24
$ 7,942,790
$ 330,949
•
19 percent of homes closed in 31-60 days.
16 - Gaston County
148
$ 18,599,610
$ 125,673
•
4 percent of homes closed in 0-30 days.
17 - York County
118
$ 22,604,780
$ 191,565
20 - Alexander County
5
$ 544,800
$ 108,960
21 - Rowan County
66
$ 8,523,240
$ 129,140
22 - Cleveland County
25
$ 2,598,900
$ 103,956
90 sold 0-30 days
23 - Stanly County
31
$ 3,452,369
$ 111,366
24 - Lancaster County
41
$ 7,780,025
$ 189,756
25 - Anson County
5
$ 442,501
$ 88,500
Days on Market
Listing Date to Closing
1034 sold
121+ days 91-120 days
421 sold
61-90 days
31-60 days
31-60 days
121+ days
29 - Catawba County
28
$ 4,289,520
$ 153,197
0-30 days
361 sold
35 - Chester County
4
$ 343,800
$ 85,950
42 - Mtn. Island Lake
11
$ 1,646,775
$ 149,706
315 sold
99 - Uptown Charlotte
10
$ 2,371,250
$ 237,125
91-120 days
TOTAL (ALL MLS)
1945
$382,698,884
61-90 days
$196,760 Total Active Listings = 27,576 Data Courtesy Carolina MLS.
www.SoldByDebe.com
On the Move - Helen Adams Realty
Volume 1, Issue 4
Page 3
Pending Contracts
Average Residential Closing Price
New Listings
30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Sept., 2009 Data Courtesy Carolina MLS.
www.SoldByDebe.com
Page 4
On the Move - Helen Adams Realty
Volume 1, Issue 4
2010 Residential Real Estate Forecast A Thorough Analysis of the Charlotte Metro Real Estate Market Presented to Over 400 Guests On October 14, 2009, Helen Adams Realty presented a 2010 Residential Real Estate Forecast to over 400 people at Charlotte Country Club. You may view this presentation, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources. The following is an overview of the presentation material: •
A review of the history of government involvement in the real estate industry.
•
A review of Charlotte’s history of residential sales.
•
A forecast for residential sales in 2010.
•
A forecast for trends which may impact the real estate industry.
•
An overview of Charlotte’s future growth.
•
A call to action to support the Charlotte’s Public School Systems.
View our 2010 Real Estate Forecast, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources
Debe Maxwell, Realtor/Broker
Helen adams Realty 2301 Randolph Road, Charlotte, NC 28207 [email protected] 704-491-3310 Visit our website: www.SoldByDebe.com Read our blog: www.ActiveRain.com/debe
Related Documents
Charlotte Nc Market Update 2009 Q3
June 2020 1
Southeastern Nc Market Update July 2009
May 2020 6
Southeastern Nc Market Update August 2009
June 2020 2
Southeastern Nc Market Update October 2009
June 2020 3
Southeastern Nc Market Update September 2009
June 2020 4
Southeastern Nc Market Update June 2009
May 2020 3More Documents from "Century 21 Sweyer and Associates"
Charlotte Nc Market Update 2009 Q3
June 2020 1
Oda Al Viento
June 2020 15
Computer Post
October 2019 28
Systems Development Life Cycle
October 2019 40
