Market Analysis - Cabarrus & Mecklenburg counties - North Carolina

Below is market information on Cabarrus & Mecklenburg counties in North Carolina. I've supplied info for sales from 2008 as compared to the same time period in 2009.

Cabarrus Mecklenburg

This includes but not limited to the towns and cities of:

Concord NC, Kannapolis NC, Harrisburg NC, in Cabarrus county

& Huntersville NC, Cornelius NC, Davidson NC, and North Charlotte NC in Mecklenburg county.

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The following charts show: new listings with average list price, how many of those new listings went under contract, the average list price of those under contract, how many of them sold, the average sale price, sale price to list price ratio, and how many days on the market.

Single Family

Cabarrus county

Line 1 - report period: 1/1/2008 through 9/30/2008

Line 2 - report period: 1/1/2009 through 9/30/2009

New Avg LP Under Contract Avg LP Sold Avg SP %SP/LP Avg DOM

Line 1 3760 $247,091 1740 $209,335 1519 $198,611 96.85% 95

Line 2 2931 $228,273 1264 $191,142 1074 $182,593 95.36% 118

Mecklenburg county

Line 1 - report period 1/1/2008 through 9/30/2008

Line 2 - report period 1/1/2009 through 9/30/2009

New Avg LP Under Contract Avg LP Sold Avg SP %SP/LP Avg DOM

Line 1 3586 $238,221 1787 $214,713 1631 $215,096 97.13% 91

Line 2 2823 $234,482 1359 $196,189 1139 $188,257 94.12% 106

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Condo/Townhouse

Cabarrus county

Line 1 - report period 1/1/2008 through 9/30/2008

Line 2 - report period 1/1/2009 through 9/30/2009

New Avg LP Under Contract Avg LP Sold Avg SP %SP/LP Avg DOM

Line 1 295 $174,139 132 $152,361 110 $144,367 97.17% 78

Line 2 248 $158,692 94 $140,323 85 $135,052 99.01% 93

Mecklenburg county

Line 1 - report period 1/1/2008 through 9/30/2008

Line 2 - report period 1/1/2009 through 9/30/2009

New Avg LP Under Contract Avg LP Sold Avg SP %SP/LP Avg DOM

Line 1 744 $173,520 393 $144,483 362 $149,241 98.22% 119

Line 2 685 $146,603 263 $133,356 213 $130,489 95.96% 114

While some agents are reporting a rise in business, you can see that the numbers continue to drop.

Hopefully 2010 will be the turn around year for Charlotte area Real Estate.