1. On the MOVEThe Helen Adams Realty Monthly Market Update
October 2015
The third quarter of 2015 has ticked its last
tock with the hands pointing firmly upon
a reliable clock of a market. Although
noon and 6:30 fluctuations are present
even within the same states and cities,
the overall tempo of real estate potential
is experiencing a healthy number of
good omens. The job market has shown
continual improvement, jobless rates are
down, real average hourly and weekly
earnings have been up and there has been
good news in new household formation.
New Listings in the Charlotte region
increased 3.2 percent to 4,319. Pending
Sales were up 23.2 percent to 3,669.
Inventory levels fell 21.7 percent to 12,795
units.
Prices continued to gain traction. The
Median Sales Price increased 5.6 percent
to $190,000. List to Close was down 10.5
percentto111days.Sellerswereencouraged
as Months Supply of Inventory was down
32.8 percent to 3.7 months.
With positive economic news coming from
many angles, there are no imminent factors
to prepare for beyond the typical seasonal
drop-off. From the mouths of market-
analyzing pundits, we are in the midst of
one of the healthiest housing markets in
the past 15 years. The one thing we were
anticipating in September, an increase in
interest rates, did not happen. It most likely
will before year’s end. Until then, get out
and enjoy the season.
The Third Quarter of 2015 Has Ticked its Last Tock
Reprinted from September 2015 CRRA Monthly Indicators
P2 Vital Signs
P3 Plan Ahead for Spring
P4 Residential Closings
In
this
Issue
www.helenadamsrealty.com
Ballantyne Office
15235-J John J. Delaney Dr.
Charlotte, NC 28277
Beth Haemmerlein
BROKER/REALTOR®
Cell: 704.243.8773
beth@helenadamsrealty.com

2. The Vitals:
A look at Charlotte’s Overall Real Estate Market
• The amount of total inventory continues
to dwindle, causing months supply of
inventory to drop to 3.7. This indicates a
competitive seller’s market.
• The price range of $300,001 and above
continues to be the range with the
strongest sales, up 24% year over year.
• Condo sales continue to strengthen,
as the most popular property type in
September, up 25.7% year over year.
• The percent of original list price received is up 1.1% to 95.2%, indicating that homes are selling very close
to, or in some cases above, asking price.
• Comparatively, total inventory of homes for sale has dropped from 16,345 in September 2014 to 12,795
in September 2015.
Change in
Closed Sales
Pending
Sales
Change in
New Listings
Average
Sales Price
Total
Active Listings
Average Days
List to Close
Months Supply of
Homes for Sale
+6.1%
3,436
+3.2%
4,319
-10.5%
111
+23.2%
3,669
-21.7%
12,795
+5.8%
$240,169
-32.8%
3.7
(1)
(1) Data Represents change in data since this time last year. (2) Data Represents the most recent month’s data for CMLS.
(2)
Monthly Market Snapshot
Charlotte, NC and the Surrounding Areas
Market Updates
Monthly Average 30-Year Fixed-Rate Mortgage Rates
as reported by www.freddiemac.com
4.16
4.04
4
3.86
3.67
3.71
3.77
3.67
3.84
3.98
4.05
3.91
3.89
3.5
3.6
3.7
3.8
3.9
4
4.1
4.2
Sept. 14 Oct. 14 Nov. 14 Dec. 14 Jan. 15 Feb. 15 Mar. 15 Apr. 15 May. 15 Jun. 15 Jul. 15 Aug. 15 Sep. 15

3. Plan Ahead for Spring - Plant Your Bulbs Now!
Fall is a fantastic time to start planning for spring! It’s also a great time to start planting spring blooming bulbs such as tulips,
daffodils, crocus and alliums. But, before ordering all those bulbs, here are a few tips to help insure success for that spring garden!
1. Pick a color theme.
Work with a color palette! One option is to work with a single color - the effect is simple but the impact is always bigger. Or you
could try building your garden around a pair of colors, such as pink and white, red and yellow or orange and purple. Another
idea is to use the color wheel and choose a harmony of several related colors, such as pink, lavender, burgundy and purple or try
cream, yellow, orange and red!
2. Include different bloom times.
From early-blooming crocuses to late-blooming tulips and alliums, the spring bulb season can stretch for as long as 8-10 weeks.
When choosing your bulbs, be sure to include a few from each bloom time: early, mid season and late season. This way you’ll
have flowers in bloom for as long as possible.
3. Plant in groups.
Fall planted bulbs look best when the plantings are generous and the bulbs are spaced just a few inches apart. Small bulbs such as
scilla or chionodoxa should be planted in groups of at least 25 bulbs. Tulips look best in groups of at least a dozen bulbs. Daffodils
and alliums can be planted in threes, though groups of seven or
nine bulbs look even better.
4. Repeat shapes and colors.
Landscapes are more pleasing and cohesive when the same plant
or grouping of plants appears in multiple locations. The layout
makes a difference - squares or circles look more formal, ovals or
free-form shapes look more natural.
5. Plant both annual and perennial bulbs.
Many spring bulbs, including daffodils, scilla, chionodoxa, alliums
and muscari, can be considered perennials, as they will return and
bloom again every spring. In fact, most of these hardy bulbs will
naturalize and multiply over time.
Tulips and hyacinths are often treated as annuals because they
usually put on their best show the first spring after planting. In the
right growing conditions (full sun, well-drained soil, hot dry summers), some tulips, such as Darwin hybrids, will re-bloom for
several years. To ensure the most dramatic spring display, treat these bulbs as annuals and plant a fresh batch every fall.
6. Shop for large, high quality bulbs
When you are shopping for flower bulbs, pay attention to bulb size. Larger bulbs will produce bigger plants with more or larger
flowers. Also remember that bulbs are perishable, so it’s important to purchase the freshest bulbs possible and store them in a
cool, dry place until planting time.
Source:http://styledstagedsold.blogs.realtor.org/2015/09/14/6-tips-for-planning-ahead-for-a-spring-bulb-garden/

4. National Mortgage Statistics
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help. If you or someone you know needs
help, or just wants a second opinion, let’s
talk!
http://www.inman.com/2015/10/20/daily-market-update-oct-20-2015/