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RESIDENTIAL SALES TRENDS/ MLS STATISTICS/ OCTOBER:
Of reported home sales that closed from Sept. 6, 2008 through Oct 5, 2008, 44.4 % closed in 121 days or more; 14.4% closed between 91 and 120 days; 18.4% closed between 61 and 90 days; and 22.8% closed in 60 days or fewer.
Average days on market 137.7
Listing and Sales Prices (Sept.6, 2008 through Oct. 5, 2008)
The average listing price of solds was $232.717.
The average sales price was $214.927.
SEPTEMBER STATISTICS:
CHARLOTTE, N.C. - CRRA reports on the residential real estate market in this region. The number of closings for September 2008 was 2,239, which is a 27 percent decrease from September 2007. The average sales price for September 2008 was $214,927, which is 9 percent decrease from September 2007. The average listing price for sold in September was $232,717, a decrease of 5 percent over September 2007’s average list price of $245,782.
Residential contracts reported in September (2,107) decreased by 33 percent over last year when contracts totaled 3,142. New residential listings for September totaled 4,909. The average days-on-market for September 2008 was 137.7 days, which is an increase (1.6 days) over the previous month.
August Statistics:
Closings reported from August 6, 2008 through September 5, 2008 decreased 34.5% when compared to the same period a year ago.
The average listing price was $247, 323 128,00
The average sales price was $230, 472
Average days on market 136.
Statistics for July 2008 (data provided by Carolina Multiple Listing Services)
- The average closing price reported from July 6, 2008 through August 5, 2008 decreased 3.8 percent when compared to the same period a year ago.
- Of reported home sales that closed from July 6, 2008 through August 5, 2008, 39 percent closed in 121 days or more; 16 percent closed between 91 and 120 days; 22 percent closed between 61 and 90 days; and 23 percent closed in 60 days or fewer.
- Average days on market 130.7
- Listing and Sales Prices (July 6, 2008 through August 5, 2008): The average listing price of solds was $246,128; The average sales price was $230,632.
- Contracts reported from July 6, 2008 through August 5, 2008 decreased 28.2 percent over the same period a year ago.
- Closings reported from July 6, 2008 through August 5, 2008, decreased 29.8 percent over the same period a year ago.
Charlotte’s market update:
· North Carolina has been named the 6th fastest-growing state in the country according to the U.S. Census Bureau.
· Charlotte is the top Metro area for price growth according to the most recent S&P/Case Shiller index. While over 11 metro areas posted record home price declines, Charlotte had the highest growth in home prices from 2006 to 2007 among all other metro areas!
· Charlotte was ranked number 1 in 2007 by the US Dept. of Commerce in its affordability index for cities with population between $400,000 and $1,000,000.
· The average sales price for a home in the Charlotte area increased to $233144 in October of 2007 wich is a 6% increase since the same time period in 2006.
Charlotte is fortunate to receive many accolades throughout the year. Here is a listing of some of the top rankings received over the past two years.
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#1 Best Place to Live; Relocate-America.com, May 2008. Based on community consistency and number of nominations received. READ MORE |
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#1 Best City for Black Families; BET Magazine February 2008. Deciding factors included overall population, the number of Black residents, income, home ownership, unemployment, poverty rates, single-parent homes, education levels, illiteracy, crime rates, per-pupil spending, in-state college tuition costs, teen pregnancy rates, AIDS rates, infant mortality, low birthweight, home values, cost of living and Black-owned businesses. |
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#1 Most Educated Workforce; Business Facilities, The Location Advisors July 2007. Based on educational attainment of the workforce 25 years and older. |
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#1 Top Large Counties for Recruitment & Attraction; Expansion Management June 2007. Based on relocation rate and new branch rate. |
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#1 America's Most Livable Communities; Partners for Livable Communities. The communities honored are evaluated on their strategies, visions, and actions towards preparing for the new economy as well for the creativity of their leadership and collaborative efforts across 10 areas: New economy, Tourism, Human Development, Housing, Neighborhoods, City Center, Leadership, Finance, Regionalism, Environment |
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#2 Economic Strength Ranking; Policom Corporation July 2007. Ranked by using Population of at least 50,000 with a high degree of social and economic integration. 3 other data sectors including areas of jobs, wages, earnings; non-farm proprietors, construction, retail; welfare, Medicaid factored in also. |
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#2 Best Cities for Entrepreneurs; Entrepreneur Magazine Septemeber 2006. Found by using the National Policy Research Council's Entrepreneurial Activity Index to measure the best places to start and grow a company. The index is made up of two parts, each dedicated to measuring a key aspect of entrepreneurship: business formation and business growth. |
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#4 Americas Best Jobs in the Hottest Markets; Business 2.0. October 2007. Based on 2 year job forcast and five other economic sources. |
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#4 America's Best Housing Markets; Forbes, August 2007. Ranked by median house price as compared to last year out of the 50 biggest markets |
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#4 Best Walking Cities of 2007; American Podiatric Medical Association April 2007. Based on fitness-walker friendliness, safe streets, beautiful places to walk, mild weather, and good air quality. |
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#5 Best Housing Market; Forbes May 2007. Decided by median house price as compared to last year out of the 50 biggest markets. |
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#5 North American Cities of the Future, Rankings for large metros; FDIM Magazine April 2007. Cities were divided into population categories by size. Than Nominees were ranked on 7 selection factors, using a weighted score. |
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#6 Top Data-Center Markets; The Boyd Co. Inc May 2006. Ranked by annual cost to operate a 75-employee data center in a new, 125,000-square foot building. |
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#7 America's Most Wired Cities; Forbes, January 2008. This ranking is based on the percentage of internet users with high-speed access, the range of service providers within a city, and the availability of public wreless hotspots |
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#8 Best Place for Home Sellers; Forbes, April 2008Each city was ranked by its 2007 unsold vacancy rate, calculated by the U.S. Census American Housing Survey, and how much the market had tightened or loosened when compared with 2006 conditions. Plus Const. Starts, building starts, job creation etc.. |
Information provided by Charlotte Chamber of Commerce
330 S. Tryon St., PO Box 32785
Charlotte, NC 28232
(704) 378-1300
DID YOU KNOW
Charlotte enjoys a high quality of life with temperate weather, a wide variety of outdoor recreational activities, excellent schools, numerous opportunities for continuing education, the best available health care, a low unemployment rate, diverse culinary offerings, fantastic shopping, arts and cultural events, professional sports, and the list goes on. What people don't know is Charlotte has a rich history dating back to the mid 1700s.
Charlotte is the largest city in the state of North Carolina, the 20th largest city in the United States. Nicknamed The Queen City, Charlotte was named in honor of the German Princess Charlotte of Mecklenburg-Strelitz, also known as Queen Charlotte of Mecklenburg, who had become queen consort of King George III the previous year.
Here are a few more interesting facts about the Queen City.
World-renowned evangelist Billy Graham is a Charlotte native. The Billy Graham Evangelistic Association moved its headquarters to Charlotte in 2001 after being in Minneapolis for more than 50 years.
Before Charles Kuralt went “On the Road” for CBS, he was a reporter for The Charlotte News. Raised in Charlotte, Kuralt was a graduate of Charlotte’s old Central High School.
Movie star Randolph Scott spent his childhood in Fourth Ward and lived on Dilworth Road for a short time during the 1920s before heading to Hollywood. He appeared in 150 films.
The Dairy Queen on Wilkinson Boulevard, a designated historic site, displays the only Dairy Queen Eskimo still in use in the country.
James K. Polk, 11th president of the United States, was born on Nov. 2, 1795, just 12 miles south of Charlotte’s center city. You can still visit his log cabin near Pineville.
Carson McCullers wrote the opening chapters of her first novel, The Heart Is a Lonely Hunter, while residing in a boardinghouse on East Boulevard in 1937.
For you detail people, Charlotte is located in Mecklenburg County, N.C., at 35 degrees, 13 minutes, 44 seconds north latitude and 80 degrees, 50 minutes, 45 seconds west longitude, at 749 feet above sea level.
Andrew Jackson, ninth president of the United States, was born in the Waxhaws, just southeast of Charlotte on the N.C./S.C. border, on March 15, 1767. Both states wage a friendly feud over Jackson’s exact birthplace.
The Hezekiah Alexander home was completed in 1774. The 2.5-story stone plantation house is the county’s oldest home and now is part of the Charlotte Museum of History campus in east Charlotte.
Some local historians claim that Mecklenburgers signed their own Mecklenburg Declaration of Independence (the “Meck Dec”) on May 10, 1775, declaring their independence from British rule a year before the national Declaration of Independence. The document reportedly vanished in 1800 when fire destroyed the plantation home of its keeper. Whether the Meck Dec actually existed has generated much debate over the years.
Charlotte’s first foray into auto racing took place on October 24, 1924, when the first Charlotte Speedway opened on the town’s south side. The wooden track hosted a 250-mile race on October 24, 1924, and drew nearly 50,000 spectators.
During the Revolutionary War, a British force led by General Cornwallis held Charlotte for two and a half weeks, deciding to leave after enduring annoying attacks by locals. Cornwallis called Charlotte a “veritable nest of hornets," and the description stuck. The county seal, the Charlotte-Mecklenburg police insignia and various other things around town incorporate a hornets’ nest.
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