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Market Activity and Trends for Charlotte & Surrounding Counties
O C T O B E R 2 0 0 9
The average closing price for the Charlotte area in Sept. 2009 was$196,760, down approximately 8.5 % compared to 2008. Averagedays 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 lowerprice ranges, with 88% of sales in the $350,000 and under category.
Residential Closings - Entire MLS
2008 - 2009
Sept. 2009 Closed Sales by Price Range
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the
Current Active Listings by Price Range
Under $250,000
$250 - $350,000
$350 - $500,000
$500K - $1 Million
$1 Million +
Total Active Listings = 27,576
Data Courtesy Carolina MLS.
62%
14%
11%
10%
3%
ASP = Average Sold Price
Data Courtesy Carolina MLS.
Total Sold Sept. 09 = 1945
Data Courtesy Carolina MLS.
Under $250,000
$250 - $350,000
$350 - $500,000
$500K - $1 Million
$1 Million +
77%
11%
7%
4%
0.5%
361 sold
61-90 days
315sold
91-120 days
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
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Days on Market
MLS AreaUnitsClosed
TotalClosed VolumeAverageClosing
01 - Mecklenburg County (N) 167 $ 27,185,953 $ 162,79002 - Mecklenburg County (E) 113 $ 13,283,289 $ 117,55103 - Mecklenburg County (SE) 73 $ 11,154,465 $ 152,80004 - Mecklenburg County (SSE) 84 $ 23,427,305 $ 278,89605 - Mecklenburg County (S) 138 $ 47,492,880 $ 344,15106 - Mecklenburg County (SSW) 74 $ 15,578,597 $ 210,52107 - Mecklenburg County (SW) 65 $ 9,214,120 $ 141,75508 - Mecklenburg County (W) 53 $ 5,382,861 $ 101,56309 - Mecklenburg County (NW) 83 $ 13,192,644 $ 158,94710 - Union County 224 $ 59,129,051 $ 263,96811 - Cabarrus County 127 $ 20,870,374 $ 164,333312 - Iredell County 74 $ 11,130,167 $ 150,40713 - Lake Norman 84 $ 34,720,942 $ 413,34414 - Lincoln County 49 $ 7,274,410 $ 148,45715 - Lake Wylie 24 $ 7,942,790 $ 330,94916 - Gaston County 148 $ 18,599,610 $ 125,67317 - York County 118 $ 22,604,780 $ 191,56520 - Alexander County 5 $ 544,800 $ 108,96021 - Rowan County 66 $ 8,523,240 $ 129,14022 - Cleveland County25$ 2,598,900 $ 103,95623 - Stanly County 31 $ 3,452,369 $ 111,36624 - Lancaster County 41 $ 7,780,025 $ 189,75625 - Anson County 5 $ 442,501 $ 88,50029 - Catawba County 28 $ 4,289,520 $ 153,19735 - Chester County 4 $ 343,800 $ 85,95042 - Mtn. Island Lake 11 $ 1,646,775 $ 149,70699 - Uptown Charlotte 10 $ 2,371,250 $ 237,125
TOTAL (ALL MLS)
1945 $382,698,884 $196,760
The following statistics apply to August 6 to Sept. 6,2009, and reflect days on market from the originallisting date to the recorded closing date.
•
47 percent of homes closed in 121+ days.
•
14 percent of homes closed in 91-120 days.
•
16 percent of homes closed in 61-90 days.
•
19 percent of homes closed in 31-60 days.
•
4 percent of homes closed in 0-30 days.
Listing Date to Closing
121+ days
91-120 days
61-90 days
31-60 days
0-30 days
Total Active Listings = 27,576
Data Courtesy Carolina MLS.
1034 sold
121+ days
421 sold
31-60 days
90 sold
0-30 days
Page 3On the Move - Helen Adams Realty Volume 1, Issue 4
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Pending Contracts Average Residential Closing PriceNew Listings 30 Year Fixed Mortgage Rates
Source: Freddie Mac, NAR, Sept., 2009
Data Courtesy Carolina MLS.
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