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Home Closings Rise By 35% in the Charlotte Area
Lab Testing Service Company Creates Rock Hill Jobs
December 5, 2012Charlotte Home Values up in 3rd Quarter
December 19, 2012The real estate market in Charlotte continues to show solid growth. Figures for November 2012 confirm the positive home sales trend seen throughout the year so far. The number of home closings rose 35 percent in November over the same month in 2011. That echoes the 36.8 percent increase in October over the previous year.
The average sales price continues to grow in the same positive direction that the number of home closings shows. In November 2011 the average sales price of a home was $192,414. In November of this year, the price was $204,413. That is a 6.2 percent increase in that twelve month period. This continues a ten month trend of increasing home prices. Median sales price also shows this positive trend. The median sales price in November 2011 was $151,470. In 2012 for the month of November that figure was $160,000. That is a 5.6 percent increase.
More good news comes from the pending sales numbers. In November of 2012, the number of active contracts was 2,490. At the same time in 2011, the number of pending sales was 1,806. That is a significant 37.9 percent increase in that 12-month period.
A major indicator of how solid the market is comes in the form of how many months supply of homes is available. There was a 27.5 percent decrease from November 2011. As of November 2012, there is a 5.7-month supply of homes available in the Charlotte metropolitan area. Real estate professionals think the market has not been this solid since before the real estate downturn a few years ago.
Other figures coming out of the real estate market show that this increase has a solid foundation. The number of listings increased by 145 from November 2011 to 2012. The number of days a listing remains active decreased by 15 days to 146 days over the same period.
The number of distressed properties in the Charlotte area also decreased in both available inventory and sales. In November 2011, the number of distressed properties available was 18.2 percent of overall inventory. That number was 13.7 percent a year later. The number of distressed properties sold that month in 2011 was 18.3 percent of total properties sold. In 2012, that number had dropped to 13.3 percent.
Shelly Henderson
Shelly calls herself a “Charlottean” because her family has been there since her elementary school days. She serves as Henderson Properties’ co-founder, along with her husband Phil, managing the day-to-day operations, social media branding and leadership development. Her different life experiences, both positive and challenging, earned the title to her first book Starting From Scratch. Shelly has a servant’s heart and leads her company with purpose and passion. She is mom to two sons who continue as young adults to make her heart swell.