2011 Statistics in Review….


Lake Norman area consists of Huntersville, Cornelius, Davidson, Mooresville
3 towns are the 3 Lake Norman Mecklenburg County towns; Huntersville, Cornelius, Davidson
Char-Meck is all of the Charlotte area that is listed on our MLS
YEAR: 2011 2010 2009
Lake Norman 2,145 2,008 1,765
3 towns 1,321 1,229 1,070
Char-Meck 19,911 19,609 19,785
Since 2009 the number of homes sold each year has increased.  Low interest rates and sellers
discounting prices  over time has encouranged this activity.
YEAR: 2011 2010 2009
Lake Norman $319,400 $330,700 $323,500
3 towns $314,700 $320,200 $314,800
Char-Meck $206,700 $213,200 $205,800
While 2010 saw a slight uptick in sale prices – 2011 was back at or close to the levels
of 2009.  High inventories in 2010 and length of time on the market caused heavily discounted prices.
The start of 2012 is showing lower inventories.  If we hold these lower inventories prices may be able to stabalize
or hopefully see an increase!
Lake Norman 1,239
3 towns 682
Char-Meck 13,421
The first 6 months of 2011 saw the sale of 654 homes in the 3 towns area.
Adding in Mooresville we saw 1026 sales, and the Char-Meck area saw 9696 sales.
Of the sold homes in the Char-Meck area 2650 of them were special loan condition sales (forclosure/bankrupcy etc.)
The current inventory holds only 1972 of this type of home on the market – we hope these numbers
stay down for the benefit of the market.