Living Here Guide 2009
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Saturday, Aug. 25, 2012

Housing market looking up

By Kerry Singe
  • Home sales MECKLENBURG COUNTY 28031 (Cornelius): $409,415 28036 (Davidson): $361,849 28078 (Huntersville): $253,630 28104 (SE Mecklenburg): $342,571 28105 (Matthews): $204,538 28107 (Midland): $128,500 28117 (Mooresville): $1,100,000 28134 (Pineville): $212,253 28202 (Uptown): $226,400 28203 (Dilworth): $478,754 28204 (Elizabeth): $412,110 28205 (Plaza Midwood): $162,999 28206 (North Charlotte): $67,002 28207 (Eastover): $977,021 28208 (West Charlotte): $47,406 28209 (South Charlotte): $359,152 28210 (South Charlotte): $304,583 28211 (SE Charlotte): $489,858 28212 (East Charlotte): $79,252 28213 (NE Mecklenburg): $106,833 28214 (West Charlotte): $113,975 28215 (East Charlotte): $88,384 28216 (NE Charlotte): $95,453 28217 (SW Charlotte): $62,376 28226 (S. Charlotte): $409,080 28227 (Mint Hill): $134,671 28262 (University City): $122,778 28269 (University City) $135,072 28270 (SE Charlotte): $305,024 28273 (SE Mecklenburg): $141,475 28277 (Ballantyne): $368,928 28278 (SW Charlotte): $251,534 CABARRUS COUNTY 28025: $139,162 28026: $161,750 28027: $207,906 28036: $248,284 28071: $193,667 28075: $240,466 28078: $197,279 28081: $178,558 28083: $100,144 28107: $184,870 28124: $149,055 28138: $98,050 28205: $121,500 28213: $158,667 28215: $61,667 28269: $220,448 29107: $172,860 GASTON COUNTY 28006: $107,500 28012: $227,166 28016: $59,674 28021: $90,990 28032: $259,488 28033: $114,540 28034: $107,037 28052: $58,580 28054: $109,550 28056: $167,872 28077: $25,050 28086: $95,081 28092: $36,229 28098: $113,974 28101: $254,500 28120: $167,845 28150: $136,333 28164: $105,992 IREDELL COUNTY 27013: $140,667 27028: $5,000 28036: $512,167 28115: $183,606 28116: $149,200 28117: $446,002 28125: $115,900 28166: $271,286 28625: $133,688 28634: $128,600 28636: $106,500 28660: $63,450 28673: $225,000 28677: $105,344 28678: $127,433 28687: $350,000 28689: $185,000 LINCOLN COUNTY 28006: $95,000 28021: $134,486 28033: $81,404 28037: $334,613 28080: $187,176 28092: $111,379 28164: $228,670 28168: $111,948 28650: $145,312 28673: $269,000 UNION COUNTY 28079: $173,371 28103: $116,608 28104: $339,807 28105: $41,500 28110: $132,585 28111: $30,000 28112: $122,028 28119: $45,000 28133: $49,500 28173: $386,163 28174: $90,125 28227: $182,500 28713: $284,608 29174: $48,500 YORK COUNTY 28715: $564,000 29704: $152,940 29708: $299,631 29710: $226,996 29712: $124,950 29715: $254,853 29717: $49,000 29726: $160,667 29730: $122,613 29732: $217,113 29742: $112,872 29743: $282,500 29745: $191,445

Home sales and prices in the Charlotte area rose during the first half of 2012, reflecting how the housing market is slowly improving but remains vulnerable and at depressed levels.

About 11,000 single-family homes were sold during the first six months, according to the Carolina Multiple Listing Services, up from about 9,600 during the same time last year. The average sales price rose to $215,080 from $206,866.

More homes sold as buyers returned to the market and sellers became more realistic about what their home could sell for.

Foreclosures and short sales, however, continued to weigh on prices. Short sales occur when a home sells for less than its mortgage.

There is also an unknown amount of what experts call shadow inventory, distressed homes that aren’t officially on the market, that could dampen a recovery.

In Mecklenburg County, the average price of a single-family home sold for $236,140, up from $229,576 from the first half of 2011. About 4,600 sales closed, up from 4,125 a year earlier.

Prices and sales also rose in neighboring counties.

In Union County, once the state’s fastest-growing counties, there were about 1,200 closings, which sold for an average $254,006, up from about 1,050 closings with an average sales price of $250,464 in 2011.

In Cabarrus County, the average sales price rose to $181,464 from $173,151. There were 877 closings, up slightly from 803.

The Carolina MLS, operated by the Charlotte Regional Realtor Association, officially serves Mecklenburg and other surrounding counties.

Charlotte suburbs spill out into neighboring counties, particularly Cabarrus, York and Union.

Find regional sales data and more online at www.carolinahome.com, the Realtor association website. The site offers information about sales, median neighborhood value and other community data.

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