Myers Park Homes

Friends,

I hope you are well.

The numbers look great for the Carolina MLS area (eight-county area) for April:

Closings were up 15.3% compared with April 2011 (and up 13.9% for the year so far)

Pending sales/new contracts were up 7.8% compared with last year (up 15% for the year so far)

The average closed price was up 5.6% vs. last April (up 2.2% for the year so far)

The median price was up 4.6% vs. last April (and up 2.4% for the year)

Sellers got on average 92% of their asking price (vs. 89% a year ago)

There is a 9.7 month supply of homes on the market.  A year ago there was a 13.7 months supply.

In Mecklenburg county closings were up 11.9%, the average closed price was up .9%, the median price was up 1.9%, and the months supply of inventory was 8.3 - down 24.1% since last April!

It's all good, folks.  We can only pray it continues!

Thinking about jumping in? Call or email me and I will show you how to take advantage of this now-hot market!

Be well,

Robert

Robert@RobertDulin.com

704-661-3173

www.RobertDulin.com

Keller Williams Realty

Myers Park in a Seller's market?

Friends,

Wow!  Who let the dogs - I mean the Buyers - out?!  28 homes went Under Contract in April in Myers Park, including 15 Conditional and 13 Pending (including 4 priced at $1 million or more).  See graphs below:

Property Type: Single Family Status: Conditional Continue to Show Number of Properties: 15
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	DOM
1	2072257	Ranch	5	2841 Manor RD	Myers Park	3	1	0	900 - 1200	$299,500	50
2	2070433	Ranch	5	2615 Idlewood CIR	Myers Park	3	1	0	1000 - 1300	$319,000	58
3	2075720	Ranch	5	1617 Jameston DR	Myers Park	3	1	1	1200 - 1600	$329,000	32
4	2049070	2 Story/Basement	5	3136 Selwyn AVE	Myers Park	3	2	1	2000 - 2400	$505,000	188
5	2079897	1.5 Story	5	373 Hillside AVE	Myers Park	3	2	0	1800 - 2200	$512,500	13
6	2034288	2 Story	5	1839 S Wendover RD	Myers Park	4	3	1	3500 - 4200	$530,000	274
7	2077903	2 Story/Basement	5	1108 Princeton AVE	Myers Park	5	4	1	3200 - 3800	$619,000	22
8	2075586	2 Story/Basement	5	2138 Sharon RD	Myers Park	3	2	1	2800 - 3400	$669,900	37
9	2071659	2 Story	5	1132 Providence RD	Myers Park	5	4	1	3200 - 3800	$685,000	51
10	2039774	2 Story	5	2417 Calais PL	Myers Park	4	3	1	3600 - 4300	$695,000	246
11	2060125	2 Story/Basement	5	2036 Brandon CIR	Myers Park	5	4	1	3600 - 4300	$799,000	114
12	2072465	2 Story/Basement	5	2101 Sharon RD	Myers Park	4	2	1	2900 - 3500	$825,000	48
13	2077632	2 Story	5	1743 W Queens RD	Myers Park	3	2	1	2500 - 3000	$839,000	27
14	2062389	2 Story	5	1910 Beverly DR	Myers Park	5	3	1	3300 - 4000	$895,000	99
15	2078482	1.5 Story	5	2600 Tanglewood LN	Myers Park	4	4	2	4900 - 5800	$1,950,000	20
Minimum						3	1	1		$299,500	13
Maximum						5	4	2		$1,950,000	274
Average						4	3	1		$698,127	85

Property Type: Single Family Status: Pending Number of Properties: 13 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2050873 Ranch 5 2115 Dartmouth PL Myers Park 2 1 1 1200 - 1500 $289,900 160 2 2045303 2 Story/Basement 5 2119 Sharon RD Myers Park 3 1 1 1800 - 2300 $395,000 132 3 2031410 Ranch 5 2821 Sharon RD Myers Park 3 4 0 2300 - 2800 $425,000 215 4 2077010 1.5 Story 5 2024 Brandon CIR Myers Park 4 2 1 2000 - 2400 $499,900 20 5 2068013 1.5 Story 5 3012 Hampton AVE Myers Park 4 2 0 1900 - 2400 $599,000 56 6 2070900 2 Story/Basement 5 2016 Brandon CIR Myers Park 3 2 1 2500 - 3000 $639,900 55 7 2073686 2 Story 5 1823 Asbury Hall CT Myers Park 4 3 0 3100 - 3700 $699,000 40 8 2071654 1.5 Story 5 2219 Hastings DR Myers Park 4 3 1 3100 - 3700 $834,000 38 9 2071828 1.5 Story 5 2137 E Queens RD Myers Park 4 3 1 3100 - 3700 $895,000 46 10 2069620 2 Story 5 2301 Pender PL Myers Park 4 3 1 3600 - 4300 $950,000 50 11 2072863 2 Story/Basement 5 2632 Portland AVE Myers Park 5 5 1 4900 - 5800 $1,299,000 43 12 2058718 3 Story / Basement 5 2024 Wellesley AVE Myers Park 5 5 1 5600 - 6700 $1,499,000 97 13 2060917 1.5 Story 5 1521 Sterling RD Myers Park 5 5 2 5000 - 6000 $1,600,000 91 Minimum 2 1 1   $289,900 20 Maximum 5 5 2   $1,600,000 215 Average 4 3 1   $817,285 80

(Sold by various members of the Carolina MLS)

10 homes SOLD/closed in April (compared to 15 last April), including 3 priced at $1 million or more.  The average SOLD price was $971,300 (versus $618,200 in 2011), an average dollar-per-square-foot of $280 (sweet!) (compared to last year's $201), an average of 65 days on the market (compared to 2011's 107), and the average Seller got 97% of his asking price (compared to 91% last year). 

I don't know what to do with myself I am so happy about these numbers.  Perhaps that light at the end of the tunnel is not an oncoming train after all!  See graph below: 

Property Type: Single Family Status: Sold Number of Properties: 10
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	Sales Price	SP/LP	Sold Date	DOM
1	2061109	1.5 Story	5	2921 Manor RD	Myers Park	4	2	0	2396	$525,000	$477,500	0.910	04/12/2012	58
2	2070410	Ranch	5	2660 Chilton PL	Myers Park	3	2	0	2318	$535,000	$530,000	0.991	04/13/2012	32
3	2045003	2 Story	5	363 Ridgewood AVE	Myers Park	4	2	0	2987	$599,999	$565,000	0.942	03/28/2012	155
4	2067362	2 Story	5	2018 Myerly PL	Myers Park	4	3	1	3782	$835,000	$795,000	0.952	04/12/2012	52
5	2048631	2 Story/Basement	5	2312 Wellesley AVE	Myers Park	4	2	1	3482	$900,000	$860,000	0.956	04/11/2012	171
6	2059304	1.5 Story	5	1677 Sterling RD	Myers Park	5	4	1	3719	$875,000	$886,000	1.013	04/12/2012	7
7	2070163	2 Story/Basement	5	2217 Colony RD	Myers Park	4	3	1	3589	$899,000	$890,000	0.990	04/27/2012	39
8	2059419	2 Story	5	2101 Bucknell AVE	Myers Park	4	3	1	4010	$1,329,000	$1,249,500	0.940	04/23/2012	85
9	2066020	2 Story	5	2101 Sherwood AVE	Myers Park	4	4	1	4334	$1,725,000	$1,700,000	0.986	04/23/2012	44
10	2068847	2.5 Story/Basement	5	2049 Sherwood AVE	Myers Park	4	4	1	4057	$1,785,000	$1,760,000	0.986	04/09/2012	7
Minimum						3	2	1	2318	$525,000	$477,500	0.910		7
Maximum						5	4	1	4334	$1,785,000	$1,760,000	1.013		171
Average						4	3	1	3467	$1,000,800	$971,300	0.967		65

(Sold by various members of the Carolina MLS)

Condos/townhomes did well, too, with the strongest month in many, many months, with 11 sales, including 8 Conditional and 3 Pending contracts.  See graph below:

Property Type: Condo/Townhouse Status: Conditional Continue to Show Number of Properties: 8
#	MLS #	Type	Area	Complex	Address	Lot/Unit	BR	FBths	HBths	Style	Parking	Total HLA	List Price	DOM
1	2050675	Mid-Rise	5	Myers Park Manor	430 Queens RD	231	2	2	0	Transitional	2 Parking Spaces	800 - 1000	$139,900	178
2	2034717	3 Story	5	Queens at Dartmouth	603 Queens RD	C	2	2	0	Transitional	2 Parking Spaces	700 - 900	$159,900	272
3	2044048	Mid-Rise	5	Queens Station	222 Queens RD	#66	2	1	1	Traditional	2 Parking Spaces	800 - 1000	$172,000	224
4	2069239	2 Story	5	None	1718 Amherst PL	#C	3	2	1	Traditional	1 Car Garage, Attached	1100 - 1400	$199,000	63
5	2063375	3 Story	5	Carol Hall	1923 Queens RD	1923	4	2	1	Traditional	2 Parking Spaces	1900 - 2400	$495,000	94
6	2039049	Mid-Rise	5	2400 Roswell	2410 Roswell AVE	104	2	2	1	Traditional	2 Parking Spaces, Garage Door Opener, Keypad Entry, Parking Gar	2800 - 3300	$599,000	248
7	2071951	2 Story	5	None	1959 W Queens RD	#2	3	3	1	Traditional	1 Car Garage, 1 Parking Space, Attached	2400 - 2900	$725,000	51
8	2068204	Garden	5	Roswell Place	2210 Roswell AVE	203	3	2	1	Transitional	2 Parking Spaces, Garage Door Opener, Parking Gar	2500 - 3000	$919,000	71
Minimum							2	1	1				$139,900	51
Maximum							4	3	1				$919,000	272
Average							3	2	1				$426,100	150

Property Type: Condo/Townhouse Status: Pending Number of Properties: 3 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2046246 2 Story 5 Roswell Condos 2330 Roswell AVE #F 2 1 1 Traditional 2 Parking Spaces 900 - 1100 $159,000 196 2 2000993 Mid-Rise 5 Queens Oaks 2222 Selwyn AVE 507 3 2 0   Parking Gar 1400 - 1700 $280,000 422 3 2056615 Mid-Rise 5 The Selwyn 2615 Selwyn AVE #305 3 2 1 Transitional 2 Parking Spaces, Garage Door Opener, Keypad Entry, Parking Gar 1600 - 1900 $374,500 129 Minimum 2 1 1       $159,000 129 Maximum 3 2 1       $374,500 422 Average 3 2 1       $271,167 249

(Sold by various members of the Carolina MLS).

3 condos/townhomes SOLD/closed, including 3 high-end ones (compared to 5 sales last April).  See graph below:

Property Type: Condo/Townhouse Status: Sold Number of Properties: 3
#	MLS #	Type	Area	Complex	Address	Lot/Unit	DOM	Br	FBths	HBths	Style	Parking	Total HLA	List Price	Sales Price	SP/LP	Sold Date
1	2048144	Mid-Rise	5	Selwyn Terrace	2946 Selwyn AVE	112	143	1	1	0	Traditional	1 Parking Space	800	$164,000	$162,000	0.988	04/20/2012
2	2036787	3 Story	5	2015 Queens Road West	2011 W Queens RD	0	230	4	4	1	Traditional	2 Car Garage, Attached, Garage Door Opener, Keypad Entry	4333	$925,000	$862,000	0.932	04/10/2012
3	992979	2 Story	5	2021 Queens West	2025 W Queens RD	O	441	4	4	1	Traditional	2 Car Garage	3866	$1,249,000	$1,000,000	0.801	04/16/2012
Minimum							143	1	1	1				$164,000	$162,000	0.801
Maximum							441	4	4	1				$1,249,000	$1,000,000	0.988
Average							271	3	3	1				$779,333	$674,667	0.907

(Sold by various members of the Carolina MLS).

There were 96 homes For Sale in Myers Park, including 32 priced at $1 million or more.

It's been wild since first of the year.  Inventory is down - especially inventory of "good" homes".  And lower inventory creates urgency and scarcity - and that drives demand.  I've been in 5 multiple offer situations so far.  Alright - I'm going to say it - we are in a Seller's market in Myers Park, my friends!

It's all good, my friends.  Spread the word!

Thinking about getting in to the market?  Call or email me and I will show you how you can be successful!

Be well,

Robert

Robert@RobertDulin.com

704-661-3173

Keller Williams Realty

Keep it UP! UP! UP!

Friends,

Wow!  Who let the dogs - I mean the Buyers - out?!  28 homes went Under Contract in April in Myers Park, including 15 Conditional and 13 Pending (including 4 priced at $1 million or more).  See graphs below:

Property Type: Single Family Status: Conditional Continue to Show Number of Properties: 15
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	DOM
1	2072257	Ranch	5	2841 Manor RD	Myers Park	3	1	0	900 - 1200	$299,500	50
2	2070433	Ranch	5	2615 Idlewood CIR	Myers Park	3	1	0	1000 - 1300	$319,000	58
3	2075720	Ranch	5	1617 Jameston DR	Myers Park	3	1	1	1200 - 1600	$329,000	32
4	2049070	2 Story/Basement	5	3136 Selwyn AVE	Myers Park	3	2	1	2000 - 2400	$505,000	188
5	2079897	1.5 Story	5	373 Hillside AVE	Myers Park	3	2	0	1800 - 2200	$512,500	13
6	2034288	2 Story	5	1839 S Wendover RD	Myers Park	4	3	1	3500 - 4200	$530,000	274
7	2077903	2 Story/Basement	5	1108 Princeton AVE	Myers Park	5	4	1	3200 - 3800	$619,000	22
8	2075586	2 Story/Basement	5	2138 Sharon RD	Myers Park	3	2	1	2800 - 3400	$669,900	37
9	2071659	2 Story	5	1132 Providence RD	Myers Park	5	4	1	3200 - 3800	$685,000	51
10	2039774	2 Story	5	2417 Calais PL	Myers Park	4	3	1	3600 - 4300	$695,000	246
11	2060125	2 Story/Basement	5	2036 Brandon CIR	Myers Park	5	4	1	3600 - 4300	$799,000	114
12	2072465	2 Story/Basement	5	2101 Sharon RD	Myers Park	4	2	1	2900 - 3500	$825,000	48
13	2077632	2 Story	5	1743 W Queens RD	Myers Park	3	2	1	2500 - 3000	$839,000	27
14	2062389	2 Story	5	1910 Beverly DR	Myers Park	5	3	1	3300 - 4000	$895,000	99
15	2078482	1.5 Story	5	2600 Tanglewood LN	Myers Park	4	4	2	4900 - 5800	$1,950,000	20
Minimum						3	1	1		$299,500	13
Maximum						5	4	2		$1,950,000	274
Average						4	3	1		$698,127	85

Property Type: Single Family Status: Pending Number of Properties: 13 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2050873 Ranch 5 2115 Dartmouth PL Myers Park 2 1 1 1200 - 1500 $289,900 160 2 2045303 2 Story/Basement 5 2119 Sharon RD Myers Park 3 1 1 1800 - 2300 $395,000 132 3 2031410 Ranch 5 2821 Sharon RD Myers Park 3 4 0 2300 - 2800 $425,000 215 4 2077010 1.5 Story 5 2024 Brandon CIR Myers Park 4 2 1 2000 - 2400 $499,900 20 5 2068013 1.5 Story 5 3012 Hampton AVE Myers Park 4 2 0 1900 - 2400 $599,000 56 6 2070900 2 Story/Basement 5 2016 Brandon CIR Myers Park 3 2 1 2500 - 3000 $639,900 55 7 2073686 2 Story 5 1823 Asbury Hall CT Myers Park 4 3 0 3100 - 3700 $699,000 40 8 2071654 1.5 Story 5 2219 Hastings DR Myers Park 4 3 1 3100 - 3700 $834,000 38 9 2071828 1.5 Story 5 2137 E Queens RD Myers Park 4 3 1 3100 - 3700 $895,000 46 10 2069620 2 Story 5 2301 Pender PL Myers Park 4 3 1 3600 - 4300 $950,000 50 11 2072863 2 Story/Basement 5 2632 Portland AVE Myers Park 5 5 1 4900 - 5800 $1,299,000 43 12 2058718 3 Story / Basement 5 2024 Wellesley AVE Myers Park 5 5 1 5600 - 6700 $1,499,000 97 13 2060917 1.5 Story 5 1521 Sterling RD Myers Park 5 5 2 5000 - 6000 $1,600,000 91 Minimum 2 1 1   $289,900 20 Maximum 5 5 2   $1,600,000 215 Average 4 3 1   $817,285 80

(Sold by various members of the Carolina MLS)

10 homes SOLD/closed in April (compared to 15 last April), including 3 priced at $1 million or more.  The average SOLD price was $971,300 (versus $618,200 in 2011), an average dollar-per-square-foot of $280 (sweet!) (compared to last year's $201), an average of 65 days on the market (compared to 2011's 107), and the average Seller got 97% of his asking price (compared to 91% last year).

I don't know what to do with myself I am so happy about these numbers.  Perhaps that light at the end of the tunnel is not an oncoming train after all!  See graph below: 

Property Type: Single Family Status: Sold Number of Properties: 10
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	Sales Price	SP/LP	Sold Date	DOM
1	2061109	1.5 Story	5	2921 Manor RD	Myers Park	4	2	0	2396	$525,000	$477,500	0.910	04/12/2012	58
2	2070410	Ranch	5	2660 Chilton PL	Myers Park	3	2	0	2318	$535,000	$530,000	0.991	04/13/2012	32
3	2045003	2 Story	5	363 Ridgewood AVE	Myers Park	4	2	0	2987	$599,999	$565,000	0.942	03/28/2012	155
4	2067362	2 Story	5	2018 Myerly PL	Myers Park	4	3	1	3782	$835,000	$795,000	0.952	04/12/2012	52
5	2048631	2 Story/Basement	5	2312 Wellesley AVE	Myers Park	4	2	1	3482	$900,000	$860,000	0.956	04/11/2012	171
6	2059304	1.5 Story	5	1677 Sterling RD	Myers Park	5	4	1	3719	$875,000	$886,000	1.013	04/12/2012	7
7	2070163	2 Story/Basement	5	2217 Colony RD	Myers Park	4	3	1	3589	$899,000	$890,000	0.990	04/27/2012	39
8	2059419	2 Story	5	2101 Bucknell AVE	Myers Park	4	3	1	4010	$1,329,000	$1,249,500	0.940	04/23/2012	85
9	2066020	2 Story	5	2101 Sherwood AVE	Myers Park	4	4	1	4334	$1,725,000	$1,700,000	0.986	04/23/2012	44
10	2068847	2.5 Story/Basement	5	2049 Sherwood AVE	Myers Park	4	4	1	4057	$1,785,000	$1,760,000	0.986	04/09/2012	7
Minimum						3	2	1	2318	$525,000	$477,500	0.910		7
Maximum						5	4	1	4334	$1,785,000	$1,760,000	1.013		171
Average						4	3	1	3467	$1,000,800	$971,300	0.967		65

(Sold by various members of the Carolina MLS)

Condos/townhomes did well, too, with the strongest month in many, many months, with 11 sales, including 8 Conditional and 3 Pending contracts.  See graph below:

Property Type: Condo/Townhouse Status: Conditional Continue to Show Number of Properties: 8
#	MLS #	Type	Area	Complex	Address	Lot/Unit	BR	FBths	HBths	Style	Parking	Total HLA	List Price	DOM
1	2050675	Mid-Rise	5	Myers Park Manor	430 Queens RD	231	2	2	0	Transitional	2 Parking Spaces	800 - 1000	$139,900	178
2	2034717	3 Story	5	Queens at Dartmouth	603 Queens RD	C	2	2	0	Transitional	2 Parking Spaces	700 - 900	$159,900	272
3	2044048	Mid-Rise	5	Queens Station	222 Queens RD	#66	2	1	1	Traditional	2 Parking Spaces	800 - 1000	$172,000	224
4	2069239	2 Story	5	None	1718 Amherst PL	#C	3	2	1	Traditional	1 Car Garage, Attached	1100 - 1400	$199,000	63
5	2063375	3 Story	5	Carol Hall	1923 Queens RD	1923	4	2	1	Traditional	2 Parking Spaces	1900 - 2400	$495,000	94
6	2039049	Mid-Rise	5	2400 Roswell	2410 Roswell AVE	104	2	2	1	Traditional	2 Parking Spaces, Garage Door Opener, Keypad Entry, Parking Gar	2800 - 3300	$599,000	248
7	2071951	2 Story	5	None	1959 W Queens RD	#2	3	3	1	Traditional	1 Car Garage, 1 Parking Space, Attached	2400 - 2900	$725,000	51
8	2068204	Garden	5	Roswell Place	2210 Roswell AVE	203	3	2	1	Transitional	2 Parking Spaces, Garage Door Opener, Parking Gar	2500 - 3000	$919,000	71
Minimum							2	1	1				$139,900	51
Maximum							4	3	1				$919,000	272
Average							3	2	1				$426,100	150

Property Type: Condo/Townhouse Status: Pending Number of Properties: 3 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2046246 2 Story 5 Roswell Condos 2330 Roswell AVE #F 2 1 1 Traditional 2 Parking Spaces 900 - 1100 $159,000 196 2 2000993 Mid-Rise 5 Queens Oaks 2222 Selwyn AVE 507 3 2 0   Parking Gar 1400 - 1700 $280,000 422 3 2056615 Mid-Rise 5 The Selwyn 2615 Selwyn AVE #305 3 2 1 Transitional 2 Parking Spaces, Garage Door Opener, Keypad Entry, Parking Gar 1600 - 1900 $374,500 129 Minimum 2 1 1       $159,000 129 Maximum 3 2 1       $374,500 422 Average 3 2 1       $271,167 249

(Sold by various members of the Carolina MLS).

3 condos/townhomes SOLD/closed, including 3 high-end ones (compared to 5 sales last April).  See graph below:

Property Type: Condo/Townhouse Status: Sold Number of Properties: 3
#	MLS #	Type	Area	Complex	Address	Lot/Unit	DOM	Br	FBths	HBths	Style	Parking	Total HLA	List Price	Sales Price	SP/LP	Sold Date
1	2048144	Mid-Rise	5	Selwyn Terrace	2946 Selwyn AVE	112	143	1	1	0	Traditional	1 Parking Space	800	$164,000	$162,000	0.988	04/20/2012
2	2036787	3 Story	5	2015 Queens Road West	2011 W Queens RD	0	230	4	4	1	Traditional	2 Car Garage, Attached, Garage Door Opener, Keypad Entry	4333	$925,000	$862,000	0.932	04/10/2012
3	992979	2 Story	5	2021 Queens West	2025 W Queens RD	O	441	4	4	1	Traditional	2 Car Garage	3866	$1,249,000	$1,000,000	0.801	04/16/2012
Minimum							143	1	1	1				$164,000	$162,000	0.801
Maximum							441	4	4	1				$1,249,000	$1,000,000	0.988
Average							271	3	3	1				$779,333	$674,667	0.907

(Sold by various members of the Carolina MLS)

It's all good, my friends.  Spread the word!

Thinking about getting in to the market?  Call or email me and I will show you how you can be successful!

Be well,

Robert

Robert@RobertDulin.com

704-661-3173

Keller Williams Realty

Positive territory

Friends,

Real estate sales numbers were in positive territory for the third month in a row in the Carolina MLS.  Many in the industry would say three months in a row constitutes a trend.  I like the sound of that....

Closings were up 10.4% in March, and new contracts (Pending) were up 5.3% - solid numbers!  The average closed price was up .4% and the median price was up 3.5%.  Inventory of homes was down to 9.4 months - way down from 13.4% of a year ago.

I and my fellows are busy with Buyers AND Sellers.  Thinking about jumping in?  Now's the time! 

Call me!

Robert

Robert Dulin

Robert@RobertDulin.com

704-661-3173

That's what I'm talking about!

Friends,

March was a fabulous month for real estate in Myers Park!  25 homes went Under Contract (!), (including 7 priced at $1 million or more) including 21 Conditional and 4 Pending.  See graphs below:

Property Type: Single Family Status: Active Number of Properties: 2
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	DOM
1	2060125	2 Story/Basement	5	2036 Brandon CIR	Myers Park	5	4	1	3600 - 4300	$799,000	83
2	2045373	3 Story / Basement	5	2300 Wellesley AVE	Myers Park	5	5	2	4200 - 5000	$1,175,000	184
Minimum						5	4	1		$799,000	83
Maximum						5	5	2		$1,175,000	184
Average						5	5	2		$987,000	134

Property Type: Single Family Status: Conditional Continue to Show Number of Properties: 19 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2050873 Ranch 5 2115 Dartmouth PL Myers Park 2 1 1 1200 - 1500 $289,900 149 2 2031410 Ranch 5 2821 Sharon RD Myers Park 3 4 0 2300 - 2800 $425,000 198 3 2070410 Ranch 5 2660 Chilton PL Myers Park 3 2 0 2000 - 2500 $535,000 32 4 2054883 2 Story/Basement 5 1305 Lilac RD Myers Park 3 2 1 2700 - 3300 $569,000 121 5 2068013 1.5 Story 5 3012 Hampton AVE Myers Park 4 2 0 1900 - 2400 $599,000 43 6 2070900 2 Story/Basement 5 2016 Brandon CIR Myers Park 3 2 1 2500 - 3000 $639,900 39 7 2072058 Ranch 5 2718 Sharon RD Myers Park 3 2 0 2500 - 3000 $649,900 27 8 2073686 2 Story 5 1823 Asbury Hall CT Myers Park 4 3 0 3100 - 3700 $699,000 15 9 2006527 2 Story/Basement 5 1900 S Wendover RD Myers Park 4 3 1 3400 - 4100 $725,000 387 10 2053406 3 Story 5 1213 lilac RD Myers Park 4 3 1 2800 - 3400 $749,900 140 11 2071654 1.5 Story 5 2219 Hastings DR Myers Park 4 3 1 3100 - 3700 $834,000 24 12 2072449 2 Story/Basement 5 2924 Chelsea DR Myers Park 5 3 0 3100 - 3700 $889,000 21 13 2070163 2 Story/Basement 5 2217 Colony RD Myers Park 4 3 1 3200 - 3800 $899,000 31 14 2048631 2 Story/Basement 5 2312 Wellesley AVE Myers Park 4 2 1 3100 - 3700 $900,000 165 15 2069620 2 Story 5 2301 Pender PL Myers Park 4 3 1 3600 - 4300 $950,000 35 16 2072863 2 Story/Basement 5 2632 Portland AVE Myers Park 5 5 1 4900 - 5800 $1,299,000 19 17 2058718 3 Story / Basement 5 2024 Wellesley AVE Myers Park 5 5 1 5600 - 6700 $1,499,000 90 18 2060917 1.5 Story 5 1521 Sterling RD Myers Park 5 5 2 5000 - 6000 $1,600,000 79 19 2018329 2 Story/Basement 5 1042 W Queens RD Myers Park 4 3 2 4100 - 4900 $1,690,000 331 Minimum 2 1 1   $289,900 15 Maximum 5 5 2   $1,690,000 387 Average 4 3 1   $865,347 102

 

Property Type: Single Family Status: Pending Number of Properties: 4 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2073402 2 Story 5 1648 Providence RD Myers Park 3 2 0 1900 - 2400 $299,900 4 2 2063172 Ranch / Basement 5 1236 S Kings DR Myers Park 4 2 0 1600 - 2000 $439,900 59 3 2059419 2 Story 5 2101 Bucknell AVE Myers Park 4 3 1 3600 - 4300 $1,329,000 85 4 2068847 2.5 Story/Basement 5 2049 Sherwood AVE Myers Park 4 4 1 3600 - 4300 $1,785,000 7 Minimum 3 2 1   $299,900 4 Maximum 4 4 1   $1,785,000 85 Average 4 3 1   $963,450 39

(Sold by various members of the Carolina MLS)

12 homes SOLD/closed, including 7 for over $1 million.  The average closed price was $671,917 (compared with $690,987 in 2011), an average dollar-per-square-foot of $261 (yes!) (vs. $206 last March), an average days on the market of 75 (compared with 82 days last March), and the average Seller got about 91% of asking price (compared with 92% last year).  See graph below:

Property Type: Single Family Status: Sold Number of Properties: 12
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	Sales Price	SP/LP	Sold Date	DOM
1	2057849	Ranch	5	1305 Reece RD	Myers Park	2	1	0	1204	$235,000	$210,000	0.894	03/05/2012	63
2	2049857	Ranch	5	2826 Chelsea DR	Myers Park	2	1	0	974	$415,000	$225,000	0.542	03/01/2012	122
3	2058698	2 Story	5	3242 Selwyn AVE	Myers Park	4	2	1	2096	$360,000	$360,000	1.000	03/05/2012	33
4	2044355	Ranch	5	2512 Normandy RD	Myers Park	4	2	0	1980	$399,000	$375,000	0.940	03/16/2012	165
5	2067320	Ranch	5	2033 Norton RD	Myers Park	3	2	1	1748	$550,000	$480,000	0.873	03/29/2012	28
6	2054329	2 Story	5	325 Ridgewood AVE	Myers Park	4	3	0	2398	$515,000	$500,000	0.971	03/26/2012	90
7	2063014	1.5 Story	5	2018 Dartmouth PL	Myers Park	3	3	0	1833	$550,000	$525,000	0.955	03/15/2012	39
8	2052209	1.5 Story	5	2328 Forest DR	Myers Park	4	3	0	2494	$565,000	$545,000	0.965	02/24/2012	87
9	2064282	1.5 Story/Basement	5	217 Wales AVE	Myers Park	3	2	0	2679	$589,900	$555,000	0.941	03/13/2012	29
10	2050653	1.5 Story	5	1862 Maryland AVE	Myers Park	4	4	1	4350	$1,100,000	$1,078,000	0.980	03/16/2012	51
11	2047005	2 Story/Basement	5	2054 E Queens RD	Myers Park	5	5	1	4587	$1,495,000	$1,410,000	0.943	03/22/2012	127
12	2055838	2 Story	5	2620 Sherwood AVE	Myers Park	4	3	2	4496	$1,875,000	$1,800,000	0.960	02/29/2012	65
Minimum						2	1	1	974	$235,000	$210,000	0.542		28
Maximum						5	5	2	4587	$1,875,000	$1,800,000	1.000		165
Average						4	3	1	2570	$720,742	$671,917	0.914		75

(Sold by various members of the Carolina MLS)

The market is hot right now due to 3 "lows":

* Low home prices

* Low interest rates

* Low inventory!

At press time there were 83 homes For Sale in Myers Park, including 25 priced at $1 million or more.   But inventory of "good" homes is way down.  So, when a home comes on the market that has a good floorplan, is priced reasonably, is in good repair, and is staged to be appealing, prospective Buyers are all over it and it won't last long. 

Thinking about putting your home on the market?  Call me and I will show you how you can be successful and move on to your next adventure.

9 condos/townhomes went Under Contract in March.  See graph below:

Property Type: Condo/Townhouse Status: Active Number of Properties: 1 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2067857 Mid-Rise 5 Charlotte House 1323 Queens RD 402 2 1 1 Traditional 2 Parking Spaces 900 - 1200 $125,000 45 Minimum 2 1 1       $125,000 45 Maximum 2 1 1       $125,000 45 Average 2 1 1       $125,000 45

 

Property Type: Condo/Townhouse Status: Conditional Continue to Show Number of Properties: 7 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2048144 Mid-Rise 5 Selwyn Terrace 2946 Selwyn AVE 112 1 1 0 Traditional 1 Parking Space 700 - 900 $164,000 147 2 2055275 2 Story/Basement 5 Briarcliff 1620 Providence RD B 2 1 1 Traditional 3+ Parking Spaces 1200 - 1500 $250,000 120 3 2058504 2 Story 5 Hillside East 1123 Hampton Gardens LN - 3 2 1 Traditional 1 Car Garage, Attached, Garage Door Opener 1400 - 1800 $275,000 90 4 2000993 Mid-Rise 5 Queens Oaks 2222 Selwyn AVE 507 3 2 0   Parking Gar 1400 - 1700 $280,000 413 5 2069406 2 Story 5 Hillside East 1115 Hampton Gardens LN - 3 2 1 Transitional 1 Car Garage, Garage Door Opener 1600 - 1900 $300,000 35 6 2056020 Mid-Rise 5 Queens Towers 1300 Queens RD 306,308 4 3 0 Transitional 2 Parking Spaces, Parking Deck 2000 - 2400 $350,000 117 7 2056615 Mid-Rise 5 The Selwyn 2615 Selwyn AVE #305 3 2 1 Transitional 2 Parking Spaces, Garage Door Opener, Keypad Entry, Parking Gar 1600 - 1900 $374,500 111 Minimum 1 1 1       $164,000 35 Maximum 4 3 1       $374,500 413 Average 3 2 1       $284,786 148

 

Property Type: Condo/Townhouse Status: Pending Number of Properties: 1 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2061218 Mid-Rise 5 Oakmore at Selwyn 2719 Selwyn AVE #12 3 2 0 Traditional 2 Parking Spaces 1100 - 1400 $199,900 70 Minimum 3 2         $199,900 70 Maximum 3 2         $199,900 70 Average 3 2         $199,900 70

(Sold by various members of the Carolina MLS)

Two condos / townhomes SOLD/closed in March - same as last March. See graph below:

Property Type: Condo/Townhouse Status: Sold Number of Properties: 2 # MLS # Type Area Complex Address Lot/Unit DOM Br FBths HBths Style Parking Total HLA List Price Sales Price SP/LP Sold Date 1 2041140 Mid-Rise 5 416 Queens 416 Queens RD 6 159 2 2 1   Parking Gar 1173 $194,400 $187,500 0.965 02/29/2012 2 2059015 2.5 Story 5 None 2704 Westfield RD - 52 4 4 1 Traditional 2 Car Garage 3998 $679,000 $650,000 0.957 03/19/2012 Minimum 52 2 2 1       $194,400 $187,500 0.957   Maximum 159 4 4 1       $679,000 $650,000 0.965   Average 106 3 3 1       $436,700 $418,750 0.961

(Sold by various members of the Carolina MLS)

Let's keep it going!

Robert

Robert@RobertDulin.com

704-661-3173

Keller Williams Realty

Things are heating up in Myers Park and Charlotte real estate

Friends,

I tell you - it is exciting out there right now!  Several times recently while showing property I've run into other agents showing at the same time.  May not sound like a big deal but there are Buyers in the market!  I just got my pretty home at 2312 Wellesley Avenue Under Contract and also my 2128 Forest Drive East.  And in the latter example the Buyers are going to demolish the house and build a new one - a common occurence 5 years ago but not so much in the past several years.

You're seeing it, too, as you drive around - people pulling the trigger on renovations, remodels and additions (including the occasional "pop--up") here and there in Myers Park and other neighborhoods.  I think consumer conference is on the rise and we are seeing evidence of it in the folks making these major investments in real estate.

I'm not the only one having this experience - all my friends in the business are excited about how this year is starting out.  You heard it here: this year is going to be better than last year for real estate in Charlotte.  And now - the numbers for February home and condo/townhome sales in Myers Park:

15 homes went Under Contract in February, including 11 Conditional, 1 Contingent, and 3 Pending contracts.  The 15 include 4 homes priced at $1 million or more.  See graphs below:

Property Type: Single Family Status: Conditional Continue to Show Number of Properties: 11
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	DOM
1	2057849	Ranch	5	1305 Reece RD	Myers Park	2	1	0	1000 - 1300	$235,000	62
2	2049857	Ranch	5	2826 Chelsea DR	Myers Park	2	1	0	800 - 1100	$415,000	124
3	2060696	Ranch	5	2328 Sharon RD	Myers Park	4	3	0	1700 - 2000	$419,000	47
4	2054329	2 Story	5	325 Ridgewood AVE	Myers Park	4	3	0	2100 - 2600	$515,000	93
5	2061109	1.5 Story	5	2921 Manor RD	Myers Park	4	2	0	2100 - 2600	$525,000	46
6	2063014	1.5 Story	5	2018 Dartmouth PL	Myers Park	3	3	0	1600 - 2000	$550,000	34
7	2067320	Ranch	5	2033 Norton RD	Myers Park	3	2	1	1500 - 1900	$550,000	12
8	2064282	1.5 Story/Basement	5	217 Wales AVE	Myers Park	3	2	0	2400 - 2900	$589,900	32
9	2045003	2 Story	5	363 Ridgewood AVE	Myers Park	4	2	0	2600 - 3200	$599,999	139
10	2066020	2 Story	5	2101 Sherwood AVE	Myers Park	4	4	1	3900 - 4600	$1,725,000	19
11	2068847	2.5 Story/Basement	5	2049 Sherwood AVE	Myers Park	4	4	1	3600 - 4300	$1,785,000	5
Minimum						2	1	1		$235,000	5
Maximum						4	4	1		$1,785,000	139
Average						3	2	1		$718,991	56

Property Type: Single Family Status: Contingent Continue to Show Number of Properties: 1 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2067362 2 Story 5 2018 Myerly PL Myers Park 4 3 1 3400 - 4000 $835,000 15 Minimum 4 3 1   $835,000 15 Maximum 4 3 1   $835,000 15 Average 4 3 1   $835,000 15

 

Property Type: Single Family Status: Pending Number of Properties: 3 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2058698 2 Story 5 3242 Selwyn AVE Myers Park 4 2 1 1800 - 2300 $360,000 33 2 2050653 1.5 Story 5 1862 Maryland AVE Myers Park 4 4 1 3900 - 4600 $1,100,000 51 3 2047005 2 Story/Basement 5 2054 E Queens RD Myers Park 5 5 1 4100 - 4900 $1,495,000 127 Minimum 4 2 1   $360,000 33 Maximum 5 5 1   $1,495,000 127 Average 4 4 1   $985,000 70

(Sold by various members of the Carolina MLS)

7 homes SOLD/closed in February (compared with 8 a year ago) including 1 home priced at $1 million or more (compared to 4 a year ago), with an average closed price of $600,429 (vs. $931,113 in 2011), an average ratio of SOLD price to asking price of 94% (vs. 91% a year ago), an average days of the market of 110 (compared to 146 a year ago), and an average dollar-per-square-foot of $203 (compared with $239 last year).  See graph below:

Property Type: Single Family Status: Sold Number of Properties: 7 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price Sales Price SP/LP Sold Date DOM 1 2023762 Ranch 5 1600 Jameston DR Myers Park 3 2 0 2058 $275,000 $262,500 0.955 02/03/2012 207 2 2059803 Ranch / Basement 5 3208 Willow Oak RD Myers Park 2 1 0 1225 $380,000 $363,000 0.955 02/21/2012 4 3 2026600 Ranch 5 1409 Maryland AVE Myers Park 3 2 0 2203 $519,500 $511,000 0.984 01/24/2012 198 4 2061641 1.5 Story/Basement 5 2608 Roswell AVE Myers Park 3 2 0 2127 $525,000 $526,000 1.002 02/24/2012 25 5 2041949 2 Story/Basement 5 2320 Roswell AVE Myers Park 4 2 1 3069 $625,000 $565,000 0.904 02/03/2012 145 6 2061224 3 Story 5 1226 Marlwood TER Myers Park 5 4 1 5036 $995,000 $910,500 0.915 02/21/2012 26 7 2039512 2 Story/Basement 5 2423 Rensford AVE Myers Park 5 4 1 4862 $1,195,000 $1,065,000 0.891 02/13/2012 167 Minimum 2 1 1 1225 $275,000 $262,500 0.891   4 Maximum 5 4 1 5036 $1,195,000 $1,065,000 1.002   207 Average 4 2 1 2940 $644,929 $600,429 0.944   110

(Sold by various members of the Carolina MLS)

5 condos/townhomes closed in Myers Park in February (all 5 Conditional), including 1 priced at $1 million or more.  See graph:

Property Type: Condo/Townhouse Status: Conditional Continue to Show Number of Properties: 5
#	MLS #	Type	Area	Complex	Address	Lot/Unit	BR	FBths	HBths	Style	Parking	Total HLA	List Price	DOM
1	2061218	Mid-Rise	5	Oakmore at Selwyn	2719 Selwyn AVE	#12	3	2	0	Traditional	2 Parking Spaces	1100 - 1400	$199,900	45
2	2045867	Mid-Rise	5	Queens Six Two Six	626 Queens RD	301	3	2	1	Contemporary	Parking Gar, 2 Parking Spaces	1800 - 2200	$450,000	153
3	2059015	2.5 Story	5	None	2704 Westfield RD	-	4	4	1	Traditional	2 Car Garage	3500 - 4200	$679,000	59
4	2036787	3 Story	5	2015 Queens Road West	2011 W Queens RD	0	4	4	1	Traditional	2 Car Garage, Attached, Garage Door Opener, Keypad Entry	3800 - 4600	$925,000	202
5	992979	2 Story	5	2021 Queens West	2025 W Queens RD	O	4	4	1	Traditional	2 Car Garage	3400 - 4100	$1,249,000	424
Minimum							3	2	1				$199,900	45
Maximum							4	4	1				$1,249,000	424
Average							4	3	1				$700,580	177

 (Sold by various members of the Carolina MLS)

4 condos/townhomes SOLD/closed in February, with an average closed price of $428,750 (vs. $226,500 a year ago), a ratio of SOLD price to asking price of 95% (vs. 92% in 2011), and an average days on the market of 123 (vs. 98 a year ago).

To sum up, some of the pent-up interest and demand in the market that I've been talking about for months is being released right now.  I have been in 3 multiple offer situations so far this year.   Unit sales are up in Mecklenburg County and in the Carolina MLS.  But values are not up.  And I don't anticipate that they will be any time soon. 

The foreclosure spigot was turned way down this past year because of the robo-signing fiasco and big banks being sued for mishandling foreclosures, but they are about to open it up again.  Foreclosures and short sales will continue to be the dominant dynamic in our market for some years to come.

Because of that I recently obtained my C.D.P.E. (Certified Distressed Property Expert) designation  so that I might be better prepared to help people avoid foreclosure.  If you have a friend or family member who is "under water" or "upside down" (they owe more than they could sell their home for) and either they need to sell or they are struggling to make their mortgage payment, please have them call me - or better yet, call me with their name and number.  A short sale is a much better alternative to foreclosure, in every respect.

If you are considering selling your home in Myers Park this year make me one of the agents you interview.  I have the strongest, most proactive marketing plan anywhere.

Meanwhile, have a happy and joyous Spring - things are getting better!

Always at your service,

Robert

Robert Dulin, CDPE, CRS

Robert@RobertDulin.com

704-661-3173

www.RobertDulin.com

 

It's heating up in Myers Park and Charlotte real estate

Friends,

I tell you - it is exciting out there right now!  Several times recently while showing property I've run into other agents showing at the same time.  May not sound like a big deal but there are Buyers in the market!  I just got my pretty home at 2312 Wellesley Avenue Under Contract and also my 2128 Forest Drive East.  And in the latter example the Buyers are going to demolish the house and build a new one - a common occurence 5 years ago but not so much in the past several years.

You're seeing it, too, as you drive around - people pulling the trigger on renovations, remodels and additions (including the occasional "pop--up") here and there in Myers Park and other neighborhoods.  I think consumer conference is on the rise and we are seeing evidence of it in the folks making these major investments in real estate.

I'm not the only one having this experience - all my friends in the business are excited about how this year is starting out.  You heard it here: this year is going to be better than last year for real estate in Charlotte.  And now - the numbers for February home and condo/townhome sales in Myers Park:

15 homes went Under Contract in February, including 11 Conditional, 1 Contingent, and 3 Pending contracts.  The 15 include 4 homes priced at $1 million or more.  See graphs below:

Property Type: Single Family Status: Conditional Continue to Show Number of Properties: 11
#	MLS #	Type	Area	Address	Subdivision	BR	FBths	HBths	Total HLA	List Price	DOM
1	2057849	Ranch	5	1305 Reece RD	Myers Park	2	1	0	1000 - 1300	$235,000	62
2	2049857	Ranch	5	2826 Chelsea DR	Myers Park	2	1	0	800 - 1100	$415,000	124
3	2060696	Ranch	5	2328 Sharon RD	Myers Park	4	3	0	1700 - 2000	$419,000	47
4	2054329	2 Story	5	325 Ridgewood AVE	Myers Park	4	3	0	2100 - 2600	$515,000	93
5	2061109	1.5 Story	5	2921 Manor RD	Myers Park	4	2	0	2100 - 2600	$525,000	46
6	2063014	1.5 Story	5	2018 Dartmouth PL	Myers Park	3	3	0	1600 - 2000	$550,000	34
7	2067320	Ranch	5	2033 Norton RD	Myers Park	3	2	1	1500 - 1900	$550,000	12
8	2064282	1.5 Story/Basement	5	217 Wales AVE	Myers Park	3	2	0	2400 - 2900	$589,900	32
9	2045003	2 Story	5	363 Ridgewood AVE	Myers Park	4	2	0	2600 - 3200	$599,999	139
10	2066020	2 Story	5	2101 Sherwood AVE	Myers Park	4	4	1	3900 - 4600	$1,725,000	19
11	2068847	2.5 Story/Basement	5	2049 Sherwood AVE	Myers Park	4	4	1	3600 - 4300	$1,785,000	5
Minimum						2	1	1		$235,000	5
Maximum						4	4	1		$1,785,000	139
Average						3	2	1		$718,991	56

Property Type: Single Family Status: Contingent Continue to Show Number of Properties: 1 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2067362 2 Story 5 2018 Myerly PL Myers Park 4 3 1 3400 - 4000 $835,000 15 Minimum 4 3 1   $835,000 15 Maximum 4 3 1   $835,000 15 Average 4 3 1   $835,000 15

 

Property Type: Single Family Status: Pending Number of Properties: 3 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2058698 2 Story 5 3242 Selwyn AVE Myers Park 4 2 1 1800 - 2300 $360,000 33 2 2050653 1.5 Story 5 1862 Maryland AVE Myers Park 4 4 1 3900 - 4600 $1,100,000 51 3 2047005 2 Story/Basement 5 2054 E Queens RD Myers Park 5 5 1 4100 - 4900 $1,495,000 127 Minimum 4 2 1   $360,000 33 Maximum 5 5 1   $1,495,000 127 Average 4 4 1   $985,000 70

(Sold by various members of the Carolina MLS)

7 homes SOLD/closed in February (compared with 8 a year ago) including 1 home priced at $1 million or more (compared to 4 a year ago), with an average closed price of $600,429 (vs. $931,113 in 2011), an average ratio of SOLD price to asking price of 94% (vs. 91% a year ago), an average days of the market of 110 (compared to 146 a year ago), and an average dollar-per-square-foot of $203 (compared with $239 last year).  See graph below:

Property Type: Single Family Status: Sold Number of Properties: 7 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price Sales Price SP/LP Sold Date DOM 1 2023762 Ranch 5 1600 Jameston DR Myers Park 3 2 0 2058 $275,000 $262,500 0.955 02/03/2012 207 2 2059803 Ranch / Basement 5 3208 Willow Oak RD Myers Park 2 1 0 1225 $380,000 $363,000 0.955 02/21/2012 4 3 2026600 Ranch 5 1409 Maryland AVE Myers Park 3 2 0 2203 $519,500 $511,000 0.984 01/24/2012 198 4 2061641 1.5 Story/Basement 5 2608 Roswell AVE Myers Park 3 2 0 2127 $525,000 $526,000 1.002 02/24/2012 25 5 2041949 2 Story/Basement 5 2320 Roswell AVE Myers Park 4 2 1 3069 $625,000 $565,000 0.904 02/03/2012 145 6 2061224 3 Story 5 1226 Marlwood TER Myers Park 5 4 1 5036 $995,000 $910,500 0.915 02/21/2012 26 7 2039512 2 Story/Basement 5 2423 Rensford AVE Myers Park 5 4 1 4862 $1,195,000 $1,065,000 0.891 02/13/2012 167 Minimum 2 1 1 1225 $275,000 $262,500 0.891   4 Maximum 5 4 1 5036 $1,195,000 $1,065,000 1.002   207 Average 4 2 1 2940 $644,929 $600,429 0.944   110

(Sold by various members of the Carolina MLS)

5 condos/townhomes closed in Myers Park in February (all 5 Conditional), including 1 priced at $1 million or more.  See graph:

Property Type: Condo/Townhouse Status: Conditional Continue to Show Number of Properties: 5
#	MLS #	Type	Area	Complex	Address	Lot/Unit	BR	FBths	HBths	Style	Parking	Total HLA	List Price	DOM
1	2061218	Mid-Rise	5	Oakmore at Selwyn	2719 Selwyn AVE	#12	3	2	0	Traditional	2 Parking Spaces	1100 - 1400	$199,900	45
2	2045867	Mid-Rise	5	Queens Six Two Six	626 Queens RD	301	3	2	1	Contemporary	Parking Gar, 2 Parking Spaces	1800 - 2200	$450,000	153
3	2059015	2.5 Story	5	None	2704 Westfield RD	-	4	4	1	Traditional	2 Car Garage	3500 - 4200	$679,000	59
4	2036787	3 Story	5	2015 Queens Road West	2011 W Queens RD	0	4	4	1	Traditional	2 Car Garage, Attached, Garage Door Opener, Keypad Entry	3800 - 4600	$925,000	202
5	992979	2 Story	5	2021 Queens West	2025 W Queens RD	O	4	4	1	Traditional	2 Car Garage	3400 - 4100	$1,249,000	424
Minimum							3	2	1				$199,900	45
Maximum							4	4	1				$1,249,000	424
Average							4	3	1				$700,580	177

 (Sold by various members of the Carolina MLS)

4 condos/townhomes SOLD/closed in February, with an average closed price of $428,750 (vs. $226,500 a year ago), a ratio of SOLD price to asking price of 95% (vs. 92% in 2011), and an average days on the market of 123 (vs. 98 a year ago).

To sum up, some of the pent-up interest and demand in the market that I've been talking about for months is being released right now.  I have been in 3 multiple offer situations so far this year.   Unit sales are up in Mecklenburg County and in the Carolina MLS.  But values are not up.  And I don't anticipate that they will be any time soon. 

The foreclosure spigot was turned way down this past year because of the robo-signing fiasco and big banks being sued for mishandling foreclosures, but they are about to open it up again.  Foreclosures and short sales will continue to be the dominant dynamic in our market for some years to come.

Because of that I recently obtained my C.D.P.E. (Certified Distressed Property Expert) designation  so that I might be better prepared to help people avoid foreclosure.  If you have a friend or family member who is "under water" or "upside down" (they owe more than they could sell their home for) and either they need to sell or they are struggling to make their mortgage payment, please have them call me - or better yet, call me with their name and number.  A short sale is a much better alternative to foreclosure, in every respect.

If you are considering selling your home in Myers Park this year make me one of the agents you interview.  I have the strongest, most proactive marketing plan anywhere.

Meanwhile, have a happy and joyous Spring - things are getting better!

Always at your service,

Robert

Robert Dulin, CDPE, CRS

Robert@RobertDulin.com

704-661-3173

www.RobertDulin.com

 

Something to cheer about!

Friends,

I hope y'all are well.

The latest stats (January) from the CMLS (attached). I think the news is mostly good, especially compared to the dismal numbers we have seen month after month.

All numbers below are compared to the same month a year ago:

Closings were up 9.2%

Pending sales were up 27.6% (leading indicator)

The average closed price was virtually flat at -.1% but

The median closed price was up 2.4%

Percent of original list price received by Sellers 90.2% (haven't seen anything in the 90's for YEARS)

 Inventory is down (good for Sellers) 23.6% (!) from a year ago

21.2% of closed sales were distressed, compared with 35.9% a year ago (this number will go back up as banks (who turned off the "spigot" after all the accusations of robo-signing, etc.) start releasing foreclosures to the market again.

These numbers (especially Pending sales) confirm what I and my associates have been saying since first of the year: that we have felt/sensed/experienced more energy/activity on the part of Buyers.

Something to cheer about!

Let me know what I can do for you.

Robert

Robert@RobertDulin.com

704-661-3173

Keller Williams Realty

December and year-end stats

Friends,

December was a mixed bag in the Carolina MLS, with Pending sales up 10.4% for the month and up 3.3% for the year and Closings up .6% for the month and up 2.5% for the year.  However the Average Closed Price  was down 1.8% for the month and down 3.5% for the year, but the Median Sales Price was up 4.7% for the month and down 1.6% for the year.

The good news is that inventory is down to a 9.1 months' supply of homes on the market.  That number was up to a 13.5 months' supply a couple years ago.

I think January is going to be good.  We shall see...

Robert

Robert@RobertDulin.com

704-661-3173

Keller Williams Realty

End of the slow time

Friends,

Happy, joyous and prosperous New Year to you and your families!

January marks the start of the New Year and a new season in home sales.  Good thing, because December was SLOWWWWW!  5 homes went Under Contract.  See graph below...

Property Type: Single Family Status: Conditional Continue to Show Number of Properties: 5 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price DOM 1 2023762 Ranch 5 1600 Jameston DR Myers Park 3 2 0 1800 - 2200 $275,000 177 2 2041949 2 Story/Basement 5 2320 Roswell AVE Myers Park 4 2 1 2700 - 3300 $625,000 114 3 2053405 3 Story 5 1211 Lilac RD Myers Park 4 3 1 2800 - 3400 $725,000 42 4 2039228 2 Story 5 601 Moravian LN Myers Park 3 3 1 3500 - 4200 $925,000 129 5 2039650 3 Story 5 1226 Marlwood TER Myers Park 5 4 1 4500 - 5300 $995,000 125 Minimum 3 2 1   $275,000 42 Maximum 5 4 1   $995,000 177 Average 4 3 1   $709,000 117

(Sold by various members of the Carolina MLS).

Only 3 homes SOLD/closed in December (compared to 11 in 2010), with an average dollar-per-square-foot of $195 (compared to $216 a year ago), an average days on the market of 103 (102 a year ago), an an average ratio of closed price of 95% (compared with 91% a year ago).  I don't think you can infer too much from these numbers except that not many homes sell during the holidays!  See graph below...

Property Type: Single Family Status: Sold Number of Properties: 3 # MLS # Type Area Address Subdivision BR FBths HBths Total HLA List Price Sales Price SP/LP Sold Date DOM 1 2043548 Ranch / Basement 5 3014 Forest Park DR Myers Park 3 2 0 2065 $465,000 $440,000 0.946 12/02/2011 65 2 2046965 Ranch / Basement 5 1708 Maryland AVE Myers Park 3 3 0 2789 $625,000 $582,000 0.931 12/08/2011 49 3 2016915 1.5 Story 5 2845 Forest DR Myers Park 4 3 0 3386 $594,950 $585,000 0.983 12/21/2011 192 Minimum 3 2   2065 $465,000 $440,000 0.931   49 Maximum 4 3   3386 $625,000 $585,000 0.983   192 Average 3 3   2747 $561,650 $535,667 0.953   102 (Sold by various members of the Carolina MLS)

Despite these tame numbers, I sense a lot of pent-up interest and demand in the market - folks waiting for the right opportunity to arise.  And that means an attractive, clean, sharp, well-staged home that is priced realistically for current market conditions.  And everybody wants a deal.

There were 67 single family homes on the market in Myers Park at press time (a low number!), including 20 priced at $1,000,000 or more.

5 condos/townhomes went Under Contract in December.  See graphs below...

Property Type: Condo/Townhouse Status: Conditional Continue to Show Number of Properties: 1 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2030526 Garden 5 Scotland Colony 1832 Jameston DR 1832 2 1 0 Traditional Street / Lot 600 - 800 $142,000 174 Minimum 2 1         $142,000 174 Maximum 2 1         $142,000 174 Average 2 1         $142,000 174 Property Type: Condo/Townhouse Status: Contingent Continue to Show Number of Properties: 1 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2045867 Mid-Rise 5 Queens Six Two Six 626 Queens RD 301 3 2 1 Contemporary Parking Gar, 2 Parking Spaces 1800 - 2200 $450,000 90 Minimum 3 2 1       $450,000 90 Maximum 3 2 1       $450,000 90 Average 3 2 1       $450,000 90 Property Type: Condo/Townhouse Status: Pending Number of Properties: 3 # MLS # Type Area Complex Address Lot/Unit BR FBths HBths Style Parking Total HLA List Price DOM 1 2005275 Mid-Rise 5 400 Queens 400 Queens RD D5 1 1 0 Traditional Other 600 - 900 $79,900 253 2 2031986 2 Story 5 Hillside East 1088 Hollyheath LN Unit 53 4 3 1 Colonial 1 Car Garage 1700 - 2100 $297,900 146 3 2049967 Mid-Rise 5 The Croydon 2223 Croydon RD #201 3 3 1   Garage Door Opener, Keypad Entry, Other 2700 - 3200 $919,000 32 Minimum 1 1 1       $79,900 32 Maximum 4 3 1       $919,000 253 Average 3 2 1       $432,267 144 (Sold by various members of the Carolina MLS).

7 condos/townhomes SOLD/closed in December (compared with 2 a year ago).  See graph below...

Property Type: Condo/Townhouse Status: Sold Number of Properties: 7 # MLS # Type Area Complex Address Lot/Unit DOM Br FBths HBths Style Parking Total HLA List Price Sales Price SP/LP Sold Date 1 2040830 3 Story 5 Queens Station 232 Queens RD 49 90 2 2 0   1 Parking Space 1019 $180,000 $162,000 0.9 12/20/2011 2 990889 3 Story 5 Oakmore at Selwyn 2715 Selwyn AVE 36 333 2 2 0 Craftsman 2 Parking Spaces 1030 $179,000 $164,000 0.916 12/15/2011 3 2013277 2 Story 5 Hillside East 1159 Hollyheath LN L27 217 3 2 1   1 Car Garage, 1 Parking Space, Attached 1948 $255,000 $246,000 0.965 11/29/2011 4 2051255 High-Rise 5 The Carlton 1530 Queens RD 202 2 2 2 0 Traditional 1 Car Carport, 1 Parking Space 1567 $359,900 $338,000 0.939 12/22/2011 5 2046889 3 Story 5 The Selwyn 2615 Selwyn AVE 205 65 3 2 1 French Provincial 2 Parking Spaces, Garage Door Opener, Keypad Entry, Parking Gar 1851 $389,900 $354,000 0.908 12/23/2011 6 2045703 2 Story 5 Myers Park City Homes 1113 Kings DR - 57 4 3 1 Traditional 2 Car Garage 2890 $639,900 $600,000 0.938 12/15/2011 7 2036791 3 Story 5 2015 Queens Road West 2015 W Queens RD 0 102 4 3 1 Transitional 2 Car Garage, Attached, Garage Door Opener, Keypad Entry 4929 $795,000 $795,000 1.0 12/01/2011 Minimum 2 2 2 1       $179,000 $162,000 0.9   Maximum 333 4 3 1       $795,000 $795,000 1.0   Average 124 3 2 1       $399,814 $379,857 0.9

(Sold by various members of the Carolina MLS).

There were 43 condos/townhomes on the market at press time.

Unofficially, 156 homes SOLD/closed in Myers Park in 2011 - 1 more than in 2010.  Whoo-hoo!  We beat last year!  Stay tuned for my 2011 Myers Park Real Estate Market Year in Review!

Make it a great one!

Robert

Robert Dulin

Robert@RobertDulin.com

704-661-3173