Oct 2009 Har Newsletter- Email
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Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 1, Issue 4
2010 Residential Real Estate Forecast
Market Activity and Trends for Charlotte & Surrounding Counties
A Thorough Analysis of the Charlotte Metro Real Estate Market Presented to Over 400 Guests
OCTO BER 2009 On October 14, 2009, Helen Adams Realty presented a 2010
www.helenadamsrealty.com
Residential Real Estate Forecast to over 400 people at Char‐
Residential Closings - Entire MLS 2008 - 2009
lotte Country Club. You may view this presentation, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources.
ASP = Average Sold Price Data Courtesy Carolina MLS.
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
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
800‐851‐5253 / www.helenadamsrealty.com
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% com‐ pared 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
77%
$1 Million +
Total Active Listings = 27,576
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS.
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Volume 1, Issue 4
Total Closed Units
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
September 2009 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area
Units
Total
Average
Closed
Closed Volume Closing Price
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
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
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
29 ‐ Catawba County
28
$ 4,289,520
$ 153,197
35 ‐ Chester County
4
$ 343,800
$ 85,950
42 ‐ Mtn. Island Lake
11
$ 1,646,775
$ 149,706
99 ‐ Uptown Charlotte
10
$ 2,371,250
$ 237,125
TOTAL (ALL MLS)
1945
$382,698,884
Days on Market 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.
Listing Date to Closing Date 90 sold 0-30 days
1034 sold
121+ days 91-120 days
421 sold
61-90 days
31-60 days
31-60 days 0-30 days
121+ days
361 sold 61-90 days
315 sold
91-120 days
$196,760 Total Active Listings = 27,576 Data Courtesy Carolina MLS.
Source: Freddie Mac, NAR, Sept., 2009 Data Courtesy Carolina MLS.
www.helenadamsrealty.com
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Volume 1, Issue 4
Total Closed Units
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
September 2009 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area
Units
Total
Average
Closed
Closed Volume Closing Price
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
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
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
29 ‐ Catawba County
28
$ 4,289,520
$ 153,197
35 ‐ Chester County
4
$ 343,800
$ 85,950
42 ‐ Mtn. Island Lake
11
$ 1,646,775
$ 149,706
99 ‐ Uptown Charlotte
10
$ 2,371,250
$ 237,125
TOTAL (ALL MLS)
1945
$382,698,884
Days on Market 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.
Listing Date to Closing Date 90 sold 0-30 days
1034 sold
121+ days 91-120 days
421 sold
61-90 days
31-60 days
31-60 days 0-30 days
121+ days
361 sold 61-90 days
315 sold
91-120 days
$196,760 Total Active Listings = 27,576 Data Courtesy Carolina MLS.
Source: Freddie Mac, NAR, Sept., 2009 Data Courtesy Carolina MLS.
www.helenadamsrealty.com
www.helenadamsrealty.com
Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 1, Issue 4
2010 Residential Real Estate Forecast
Market Activity and Trends for Charlotte & Surrounding Counties
A Thorough Analysis of the Charlotte Metro Real Estate Market Presented to Over 400 Guests
OCTO BER 2009 On October 14, 2009, Helen Adams Realty presented a 2010
www.helenadamsrealty.com
Residential Real Estate Forecast to over 400 people at Char‐
Residential Closings - Entire MLS 2008 - 2009
lotte Country Club. You may view this presentation, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources.
ASP = Average Sold Price Data Courtesy Carolina MLS.
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
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
800‐851‐5253 / www.helenadamsrealty.com
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% com‐ pared 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
77%
$1 Million +
Total Active Listings = 27,576
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS.
www.helenadamsrealty.com
On the Move - Helen Adams Realty
ONthe MOve
Volume 1, Issue 4
2010 Residential Real Estate Forecast
Market Activity and Trends for Charlotte & Surrounding Counties
A Thorough Analysis of the Charlotte Metro Real Estate Market Presented to Over 400 Guests
OCTO BER 2009 On October 14, 2009, Helen Adams Realty presented a 2010
www.helenadamsrealty.com
Residential Real Estate Forecast to over 400 people at Char‐
Residential Closings - Entire MLS 2008 - 2009
lotte Country Club. You may view this presentation, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources.
ASP = Average Sold Price Data Courtesy Carolina MLS.
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
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
800‐851‐5253 / www.helenadamsrealty.com
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% com‐ pared 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
77%
$1 Million +
Total Active Listings = 27,576
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS.
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Volume 1, Issue 4
Total Closed Units
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
September 2009 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area
Units
Total
Average
Closed
Closed Volume Closing Price
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
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
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
29 ‐ Catawba County
28
$ 4,289,520
$ 153,197
35 ‐ Chester County
4
$ 343,800
$ 85,950
42 ‐ Mtn. Island Lake
11
$ 1,646,775
$ 149,706
99 ‐ Uptown Charlotte
10
$ 2,371,250
$ 237,125
TOTAL (ALL MLS)
1945
$382,698,884
Days on Market 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.
Listing Date to Closing Date 90 sold 0-30 days
1034 sold
121+ days 91-120 days
421 sold
61-90 days
31-60 days
31-60 days 0-30 days
121+ days
361 sold 61-90 days
315 sold
91-120 days
$196,760 Total Active Listings = 27,576 Data Courtesy Carolina MLS.
Source: Freddie Mac, NAR, Sept., 2009 Data Courtesy Carolina MLS.
www.helenadamsrealty.com
www.helenadamsrealty.com
Page 2
On the Move - Helen Adams Realty
Volume 1, Issue 4
Total Closed Units
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
September 2009 - All MLS Areas Residential Single Family, Townhomes & Condos MLS Area
Units
Total
Average
Closed
Closed Volume Closing Price
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
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
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
29 ‐ Catawba County
28
$ 4,289,520
$ 153,197
35 ‐ Chester County
4
$ 343,800
$ 85,950
42 ‐ Mtn. Island Lake
11
$ 1,646,775
$ 149,706
99 ‐ Uptown Charlotte
10
$ 2,371,250
$ 237,125
TOTAL (ALL MLS)
1945
$382,698,884
Days on Market 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.
Listing Date to Closing Date 90 sold 0-30 days
1034 sold
121+ days 91-120 days
421 sold
61-90 days
31-60 days
31-60 days 0-30 days
121+ days
361 sold 61-90 days
315 sold
91-120 days
$196,760 Total Active Listings = 27,576 Data Courtesy Carolina MLS.
Source: Freddie Mac, NAR, Sept., 2009 Data Courtesy Carolina MLS.
www.helenadamsrealty.com
www.helenadamsrealty.com
Page 4
On the Move - Helen Adams Realty
ONthe MOve
Volume 1, Issue 4
2010 Residential Real Estate Forecast
Market Activity and Trends for Charlotte & Surrounding Counties
A Thorough Analysis of the Charlotte Metro Real Estate Market Presented to Over 400 Guests
OCTO BER 2009 On October 14, 2009, Helen Adams Realty presented a 2010
www.helenadamsrealty.com
Residential Real Estate Forecast to over 400 people at Char‐
Residential Closings - Entire MLS 2008 - 2009
lotte Country Club. You may view this presentation, along with supporting reports, articles and documents by visiting our website, www.helenadamsrealty.com/resources.
ASP = Average Sold Price Data Courtesy Carolina MLS.
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
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
800‐851‐5253 / www.helenadamsrealty.com
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% com‐ pared 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
77%
$1 Million +
Total Active Listings = 27,576
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Data Courtesy Carolina MLS.
www.helenadamsrealty.com
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