Road to Real Estate

I just finished compiling statistics for the 1st quarter of 2008 and found something that I should pass along to those of you that are trying to find a real estate company to represent you.
The CMLS (Carolina Multiple Listing Service) experienced a 25% drop in closings for the month of March (07 vs 08), whereas [...]

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According to the Charlotte Regional Realtors Association, the Charlotte area experienced a 25% decrease in the number of houses sold from one year ago for the month of March.  During that same time period, average home prices that sold went from $228,665 in 2007 to $220,620, a 3.5% decrease.
Is this bad news?  Not necessarily.  Of [...]

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People interested in purchasing real estate often ask about demographics of different areas. So I thought that I would save some people some time by posting it here. I will be posting other Charlotte and Lake Norman area cities demographic information once the information is compiled (probably once a day). If [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/20/08-2/26/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  470 for an average of $304,020 with an average of 2,203 sq ft
Price Changes:  381 from an average of $281,835 to $274,116 (-2.7%) 
Under Contracts:  286 for an average of $289,131
Solds:  164 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/6/08-2/12/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings: 461 for an average of $319,569 with an average of 2,219 sq ft
Price Changes:  384 from an average of $275,271 to $268,349 (-2.5%) 
Under Contracts:  285 for an average of $265,850
Solds:  141 for an average of $238,560 [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 2/6/08-2/12/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  440 for an average of $315,196 with an average of 2,246 sq ft
Price Changes:  393 from an average of $274,018 to $266,627 (-2.7%) 
Under Contracts:  298 for an average of $217,977
Solds:  141 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/30/08-2/5/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  476 for an average of $313,594 with an average of 2,271 sq ft
Price Changes:  362 from an average of $316,063 to $307,735 (-2.6%) 
Under Contracts:  294 for an average of $231,820
Solds:  141 for an average of $231,268 with [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/23/08-1/29/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  418 for an average of $308,645 with an average of 2,200 sq ft
Price Changes:  362 from an average of $257,987 to $246,814 (-4.3%) 
Under Contracts:  287 for an average of $242,070
Solds:  141 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/16/08-1/22/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  426 for an average of $298,820 with an average of 2,174 sq ft
Price Changes:  359 from an average of $286,115 to $281,291 (-1.7%) 
Under Contracts:  260 for an average of $245,715
Solds:  127 for an average of [...]

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Charlotte  and Lake Norman Real Estate Single Family Home Market Statistics for 1/8/08-1/15/08 pulled from the Carolina Multiple Listing Service
Charlotte

New Listings:  549 for an average of $317,965 with an average of 2,241 sq ft
Price Changes:  449 from an average of $294,553 to $287,123 (-2.5%) 
Under Contracts:  293 for an average of $231,126
Solds:  134 for an average of [...]

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Talking over coffee, as I do with a lot of people  (Starbucks is my 2nd home), people are often shocked to hear what the market stats of the Carolina MLS (which covers the Charlotte and Lake Norman area of North Carolina) show in regards to home prices.  The media has brainwashed the home buyer and [...]

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Today I have decided to pull a different set of data for the Readers of Road to Real Estate: A Charlotte and Lake Norman Area Real Estate Blog .  Just like before, I pulled new listings, homes under contract and homes that sold from 3 different weeks throughout the year. This is to [...]

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Charlotte
New Listings: 19
Under Contract: 11
Price Changes: 24
Sold: 6
Lake Norman (Area 13)
New Listings: 4
Under Contract: 7
Price Changes: 5
Sold: 1

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Charlotte
New Listings: 63
Under Contract: 70
Price Changes: 75
Sold: 28
Lake Norman (Area 13)
New Listings: 13
Under Contract: 7
Price Changes: 19
Sold: 0

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