Posted by: Roby Robertson | March 17, 2008

Your Current Lake Norman and Charlotte area Real Estate Statistics

 

Monthly Activity Report: 02-2008

Lake Norman and Charlotte NC

 Property Type: Single Family

Area New Listings Avg LP Under Contract Avg LP Sold Avg SP %SP/LP Avg DOM
1 421 $237,264 205 $218,867 135 $228,427 97.52% 90
12 248 $234,733 136 $172,810 98 $162,251 96.24% 123
13 335 $651,222 77 $478,435 66 $416,172 96.75% 119
2 296 $194,915 169 $160,746 111 $146,407 97.14% 95
3 168 $223,584 78 $186,647 63 $189,673 97.82% 107
4 223 $437,330 84 $308,432 62 $326,063 98.12% 63
5 432 $627,762 155 $565,332 121 $532,703 95.90% 78
6 142 $322,906 39 $315,079 37 $235,748 95.31% 85
7 183 $195,667 95 $177,197 60 $158,889 97.05% 100
8 169 $129,095 89 $119,778 69 $102,087 94.72% 78
9 254 $215,822 114 $160,899 85 $159,866 95.68% 83
                 
 Totals 2,871 $315,481 1,241 $260,383 907 $241,662  96.57% 92

 

%SP/LP is the percentage of the List Price that the home sold for.  While prices are still holding pretty firm, this percentage is down some from past markets.  Another example of sellers wanting to deal!

Area 1-9 are areas within Mecklenburg County.

Area 12 is Iredell County which is north of Charlotte.

Area 13 is the entire Lake Norman area.

295 Homes had price changes in areas 12 and 13 from March 1st to March 17, 2008.

122 Homes went pending in areas 12 and 13 from March 1st to March 17, 2008.

89 Homes sold in areas 12 and 13 from March 1st to March 17, 2008.

79 Homes were withdrawn in areas 12 and 13 from March 1st to March 17, 2008.

It is truly a buyers market.  I have lending partners that can help you if your looking to obtain financing.  If your credit is good, you can get funds to find a great home.

Contact Roby Robertson at 704 451 7051.

 


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