21602043

26182915

3401 3484 35273392

2825 28312619 2636

2169

0

500

1000

1500

2000

2500

3000

3500

4000

Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sept 13 Oct 13 Nov 13 Dec 13 Jan 14

21.2%

17.6%

13.8%

18.9%

28.6%under 100,000

100,001-150,000

150,001 - 200,000

200,001 - 300,000

300,001+

20.2%

20.2%

17.2%

21.0%

21.5%under 100,000

100,001-150,000

150,001 - 200,000

200,001 - 300,000

300,001+

ON MOVEtheMarket Activity and Trends for Charlotte & Surrounding Counties

February 2014

Residential Closings - Entire MLS January 2013 - January 2014

Monthly Market Snapshot

Change in closed sales

PendingSales

Change inNew Listings

AverageSales Price

Total Active Listings

Average DaysList to Close

Months Supply of Homes for Sale

+0.4%

2,169

+2.3%

4,027

-7.7%

143

+6.2%

2,778

-6%

13,664

+15%

$217,109

-17.4%

4.7

Current Active Listings - By Price Range 12 Month Count– Pending Sales by Price Range

*As of February 10, 2014 *As of February 10, 2014Total Active Listings =13,364 Total Pending Sales =34,747Percentages as Reported in the CRRA Housing Supply Overview. Based on 1 Month of Activity. Percentages as reported in the CRRA Housing Supply Overview. Based on a rolling 12-month average.

www.helenadamsrealty.com

$188,783ASP $194,708

ASP

$216,329ASP

$217,190ASP

$232,649ASP

$239,789ASP

$232,851ASP $237,635

ASP

$220,866ASP

$210,278ASP $223,725

ASP

$224,128ASP

$217,109ASP

(1)

(1) Data Represents change in data since this time last year. (2) Data Represents the most recent month’s data for CMLS.

(2)

Page 2 Volume 7, Issue 2

Pending Sales by Price Range

Pending Sales by Bedroom Count

Pending Sales by Property Type

On The Move - Helen Adams Realty

Closed Units By AreaJanuary 2014 - By MLS Area

Percent of Original List Price Received

Residential Single Family, Townhomes & Condos

1-201392.6%

1-201493.1%

+/-+0.5%

Pending Sales Quick Facts+24.5%

Price Range withStrongest Sales:$200,001 to

$300,000

# BedroomsStrongest Sales

2 Bedrooms or less

Property TypeStrongest Sales:

Condos

+22.2%+19.6%

MLS Area Units Closed

1 Year% Change

Average Sales Price

Charlotte- Gastonia- Rockhill 1718 +0.2 $225,072

All of Mecklenburg County 1010 -0.1 $230,506

01- Mecklenburg County (N) 178 -1.7 $207,250

02- Mecklenburg County (E) 130 -14.5 $142,135

03- Mecklenburg County (SE) 68 -5.6 $178,299

04- Mecklenburg County (SSE) 100 +5.3 $294,891

05- Mecklenburg County (S) 156 -4.9 $390,874

06- Mecklenburg County (SSW) 78 +14.7 $197,198

07- Mecklenburg County (SW) 92 +10.8 $167,928

08- Mecklenburg County (W) 53 +15.2 $103,960

09- Mecklenburg County (NW) 81 +8.0 $170,801

10- Union County 205 -13.9 $281,476

11- Cabarrus County 188 +14.6 $189,524

12- Iredell County 155 +14.8 $236,953

13- Lake Norman 81 -8.0 $428,271

14- Lincoln County 52 -8.8 $186,21315- Lake Wylie 36 -5.3 $383,30116- Gaston County 137 -4.2 $153,63217- York County, SC 174 +16.8 $225,86299- Uptown Charlotte 31 +181.8 $281,045TOTAl (for all CMLS Area) 2169 +0.4 $217,109

Data Courtsey of MLS & 10K Research and Marketing

Page 3Volume 7, Issue 2 On The Move - Helen Adams Realty

Pending Contracts

New Listings

Average Residential Sales Price

30 year Fixed Mortgage Rates

Data Provided by CRRA - Monthly Indicators Report

Data Provided by CRRA - Monthly Indicators Report

Data Provided by CRRA - Monthly Indicators Report

Source: Freddie Mac: www.freddiemac.com

www.helenadamsrealty.com

27782133

27462989

28223079

35963259

36333587

33992786

2618

0 500 1000 1500 2000 2500 3000 3500 4000

Jan. 14Dec. 13Nov. 13Oct. 13

Sept. 13Aug. 13

Jul.13Jun.13

May.13Apr.13

Mar.13Feb.13Jan.13

$217,109 $224,128 $223,725

$210,278 $220,866

$237,635 $232,851

$239,789 $232,649

$217,190 $216,329

$194,708 $188,783

$0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000

Jan. 14Dec. 13Nov. 13Oct. 13Sept.13Aug. 13

Jul. 13Jun. 13

May. 13Apr. 13

Mar. 13Feb. 13Jan. 13

40272505

33414160

41024530

48434611

51705172

49434302

3918

0 1000 2000 3000 4000 5000 6000

Jan. 14Dec. 13Nov. 13Oct. 13

Sept. 13Aug. 13

Jul. 13Jun. 13

May. 13Apr. 13

Mar. 13Feb. 13Jan. 13

3.41

3.533.57

3.453.54

4.07

4.374.46 4.49

4.194.26

4.46 4.43

3

3.2

3.4

3.6

3.8

4

4.2

4.4

4.6

Jan.13 Feb.13 Mar.13 Apr.13 May.13 Jun.13 Jul.13 Aug. 13 Sept.13 Oct.13 Nov. 13 Dec. 13 Jan. 14

Page 4 Volume 7, Issue 2On The Move - Helen Adams Realty

January 2014 Home Market OverviewWatch for More Seller Activity, Fewer Foreclosures, and More New Construction in 2014

The same factors that catalyzed widespread market recovery in 2012 and 2013 are likely to continue in 2014, though perhaps at a more moderate pace. That’s not a bad thing, since the market is returning to a stable, healthy state. Potential trends to watch for in 2014 include increased seller activity, more new construction and fewer foreclosures on the market. Inventory is another metric to watch this year.New Listings in the Charlotte region increased 2.3 percent to 4,027. Pending

Sales were up 6.2 percent to 2,778. Inventory levels shrank 6.0 percent to 13,664 units. Prices marched higher. The Median Sales Price increased 11.8 percent to $167,646. List to Close was down 7.7 percent to 143 days. Absorption rates improved as Months Supply of Inventory was down 17.4 percent to 4.7 months.Given how far the market has come, it’s a good time for folks to reassess their situation. Many who were hesitant to sell

in recent years may find themselves in a completely different position. Getting a fresh competitive market analysis might be a good idea. Interest rates remain attractive and should remain below their long-term average, but they are expected to creep higher in 2014. Politicians are gearing up for midterm elections, so pay close attention to campaign messaging as relates to real estate or mortgage financing. Job growth is still fundamental and is likely to dominate this election cycle.

RANDOLPH ROAD2301 Randolph Road, Charlotte, NC 28207

BALLANTYNE15235-J John J Delaney Dr., Charlotte, NC 28277

LAKE NORMAN8600 Sam Furr Road Ste. 150, Huntersville, NC 28078

Reprinted from January 2014 Monthly Indicators