CRRA Market Stats for December 6, 2008 through January 5, 2009

CRRA (Charlotte Regional Realtor Association) Just Released Statistics for December 6, 2008 to January 5, 2009.   These stats include areas, such as Charlotte, Denver, Gastonia, Lincolnton, Mooresville, Huntersville, Statesville and Cornelius.  Needless to say, each little market place is a bit different than the other, but this offers a general idea of what is going on in the Market around Lake Norman and Charlotte.

Average Days on the  Market (List to Close):  147.5 Days     Days on the market are up 22.2 days December 08 vs. December 07

Average List Price of Sold Homes:  $223,746     Average List Price has decreased by 3.5% December 08 vs. December 07

Average Sale Price of Sold Homes:  $200,226     Average Sales Price has decreased by 8.3% December 08 vs. December 07

Residential Contracts Reported:  1,285     The number of Residential Contracts Reported has decreased by 38.4% December 08 vs. December 07

Residential Closings Reported:  1,350     The number of Closings Reported has decreased by 47.2% December 08 vs. December 07

The NCAR (North Carolina Association of Realtors) reported that the number of sold homes was down 38% December 08 vs. December 07 in North Carolina and the Average Home Cost was down 8%.

The NAR (National Association of Realtors) reported that across the nation the number of sold homes had decreased 3.5% December 08 vs. December 07 and the Average Home Cost was down 15%.  In the South only, sold homes decreased 11.2% December 08 vs. December 07 with the average sales price down 7.9%.

On a positive note, the South’s Home Sales increased November 08 vs. December 08 by 7.4%.

Main Street USA

Main Street USA

I personally have negotiated and put 3 homes under contract in the past 7 days, working on number 4 at this moment!  When Life throws you Lemons….Make Lemonade!  Start by Choosing the Right Realtor and Firm!  Best Wishes!

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About Michelle Nantz

There are many qualities and skills that go into being an excellent real estate professional: integrity, in-depth community and market knowledge, marketing savvy, effective negotiation skills, and a high-quality professional network ~ all of which are hallmarks of Michelle Nantz. In 2003, Michelle began her career in real estate, after a successful career in restaurant and hotel management with her last position as Regional Director of Operations running 56 hotels throughout two states. She owes her success in real estate and management to her expertise in people skills, managing, negotiating, and follow-up. However, it is Michelle’s dedication to quality service that she ultimately credits her success. Michelle shared, “In my experience as a Lake Norman real estate professional, I’ve found that providing the very best service is essentially about putting my clients first. This means keeping myself accessible, being a good listener as well as a good communicator, and responding quickly to their needs.” This “client first” philosophy combined with continual personal improvement and keeping up-to-date with the latest technologies is a cornerstone of both Michelle’s and Lake Norman Realty’s business philosophy. In addition to Michelle’s extensive real estate education and her experience in the local market, she is also an Accredited Staging Professional®, which brings additional value to marketing her clients’ homes. Michelle and her family have made the Lake Norman area their home for over 10 years. In her rare leisure moments, you’ll find Michelle with her three children and husband, or unwinding with gardening or reading. “I live and work in this community and only have the best interests of our community and its members in mind,” says Michelle. Her community activities include participation in Denver Days, Relay for Life and support for Christian Ministries and area schools.
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