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I appreciate the wealth of information on your website about the Charlotte area. As a real estate analyst with projects nationwide, it is nice to see information for the area "as is", without spins and sugar-coating. Thanks again for all of your help, research, and knowledge. D.S. Denver, Colorado

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CHARLES G. GRAHAM, AIA, LAI, MIRM

Charlotte Real Estate Market Report

CHARLOTTE MARKET
Cabarrus, Iredell, Mecklenburg, York, Union, Gaston, Lincoln, and Lancaster Counties
Key Subdivisions
4Q07                      
Percentage Market Shares                  
Ranked by Market Share Twelve Months Ending 4Q07                
() Place Rankings for the Twelve Months Ending 4Q06                
                     
          12 Months 12 Months   Average Average  
          Ending Ending   Price Lot Lot/House
Rank Subdivision     4Q07 4Q07 4Q06 2006 - 2007 12M4Q07 12M4Q07 Ratio
                     
Condominiums                    
1 AVENUE(NIC)     37.09 13.07 NIC NIC $    294,780 $  
2 TRADEMARK(NIC)     12.42 8.98 NIC NIC 350,266    
3 FIRST ROW(NIC)     0.16 4.84 NIC NIC 203,649    
4 COURT 6 CONDO(NIC)     0.16 4.78 NIC NIC 145,386    
5 BALLANTYNE(3)     0.33 2.94 7.68 0.38 199,098    
                     
TOTAL       50.16 34.61 7.68 4.51      
                     
                     
Town Homes                    
1 HANOVER CROSSING(1)     0.15 5.46 4.41 1.24 $    140,531  $   
2 LAKE SHORE(11)     6.24 4.37 1.97 2.22 288,229    
3 BENT CREEK/MK(104)     2.03 4.09 0.18 22.72 112,975 72,000 63.73
3 REGENT PARK(5)     3.48 4.09 3.17 1.29 173,662    
5 STONE CREEK RANCH(79)     3.63 3.45 0.32 10.78 226,866    
                     
TOTAL       15.53 21.46 10.05 2.14      
                     
                     
Single Family                    
1 CAROLINA LAKES /SC(3)     4.08 3.98 1.47 2.71 $    299,258 $  
2 STONE CREEK RANCH(5)     2.09 1.93 1.09 1.77 358,987    
3 BEREWICK(2)     1.89 1.51 1.51 1.00 258,581 46,889 18.13
4 MOSS CREEK(1)     0.90 1.25 1.61 0.78 265,947 46,368 17.44
5 LEGACY PARK(14)     0.70 0.88 0.71 1.24 214,328 33,490 15.63
6 CURETON(73)     0.80 0.80 0.32 2.50 379,779 227,500 59.90
7 HAMILTON LAKES(70)     0.68 0.74 0.32 2.31 197,431    
8 HIGHLAND CREEK/CS(4)     0.53 0.73 1.12 0.65 313,543 48,366 15.43
9 REGENT PARK(8)     0.82 0.72 0.82 0.88 243,721 42,268 17.34
10 SKYBROOK(43)     1.07 0.71 0.43 1.65 420,976 62,253 14.79
                     
TOTAL       13.56 13.25 9.40 1.41      
Key Subdivisions Single Family Subdivisions Quintile Ranked
Page 2                
               
               
          12 Months 12 Months  
          Ending Ending  
Rank Subdivision     4Q07 4Q07 4Q06 2006 - 2007
               
First Quintile: < $ 165,000            
1 REID MEADOWS(10)   1.45 2.44 1.26 1.94
2 BRANDON RIDGE(1)   0.53 2.35 2.34 1.00
3 MEADOW HILL(4)   3.17 2.03 1.43 1.42
4 CITISIDE PLAZA(48)   3.56 1.77 0.48 3.69
5 HATHAWAY HILLS(3)   0.40 1.74 1.46 1.19
               
TOTAL       9.11 10.33 6.97 1.48
               
9 OAKBROOKE/NE(2)   0.92 1.54 1.56 0.99
9 MCINTYRE(5)     0.53 1.54 1.41 1.09
               
               
Second Quintile: >= $ 165,000 - < $ 209,000          
1 CAROLINA LAKES /SC(27) 2.04 3.65 0.88 4.15
2 LEGACY PARK(35)   2.76 2.31 0.75 3.08
3 HAMILTON LAKES(54)   1.80 2.25 0.55 4.09
4 KINGSTREE(10)   2.16 1.68 1.30 1.29
5 RIVERWALK(21)   1.56 1.57 0.95 1.65
               
TOTAL       10.32 11.46 4.43 2.59
               
8 COVENTRY/NE(1)   0.36 1.34 1.93 0.69
20 MCINTYRE(2)     0.48 1.14 1.88 0.61
13 BUCKLEIGH(3)   0.24 1.28 1.70 0.75
7 MOSS CREEK(4)   0.48 1.40 1.68 0.83
87 BRANDON RIDGE(5)   0.12 0.31 1.58 0.20
               
               
Third Quintile: >= $ 209,000 - < $ 265,500          
1 CAROLINA LAKES /SC(5) 3.49 4.60 2.00 2.30
2 BEREWICK(3)   2.82 3.07 2.42 1.27
3 MOSS CREEK(1)   1.80 1.93 2.60 0.74
4 REGENT PARK(13)   2.70 1.87 1.22 1.53
5 STONE CREEK RANCH(26) 1.80 1.70 0.92 1.85
               
TOTAL       12.61 13.17 9.16 1.44
               
23 CURTIS POND(2)   0.56 0.99 2.52 0.39
8 CRISMARK(4)     1.24 1.45 2.17 0.67
               
               
Fourth Quintile: >= $ 265,500 - < $ 371,500          
1 CAROLINA LAKES /SC(3) 7.39 6.58 2.68 2.46
2 STONE CREEK RANCH(2) 5.01 4.32 3.21 1.35
3 BEREWICK(1)   2.96 2.72 4.16 0.65
4 CURETON(18)     1.71 2.09 1.20 1.74
5 MOSS CREEK(4)   1.59 2.00 2.36 0.85
               
TOTAL       18.66 17.71 13.61 1.30
               
111 MACAULAY(5)   0.00 0.20 1.80 0.11
Key Subdivisions Single Family Subdivisions Quintile Ranked
Page 3                
               
               
          12 Months 12 Months  
          Ending Ending  
Rank Subdivision     4Q07 4Q07 4Q06 2006 - 2007
               
Fifth Quintile: >= $ 371,500 - < $ 485,000            
1 CAROLINA LAKES /SC(3)     13.09 8.45 3.26 2.59
2 STONE CREEK RANCH(9)     3.66 4.20 2.11 1.99
3 BAXTER(2)     3.40 3.97 3.31 1.20
4 LAWSON(8)     2.62 3.10 2.16 1.44
4 WESLEY OAKS(1)     0.79 3.10 4.01 0.77
               
TOTAL       23.56 22.82 14.85 1.54
               
8 ARDREY(4)     0.52 1.61 3.11 0.52
7 HIGHLAND CREEK/CS(5)     1.83 1.78 2.91 0.61
               
               
Fifth Quintile: >= $ 485,000            
1 MARVIN CREEK(1)     3.66 5.11 5.21 0.98
2 PALISADES(2)     2.09 3.24 4.81 0.67
3 BROOKHAVEN(3)     3.14 3.18 3.86 0.82
4 STONE CREEK RANCH(43)   2.62 2.95 0.50 5.90
5 SPRINGFIELD/YK(NIC)     3.40 2.61 NIC NIC
               
TOTAL       14.91 17.09 14.38 1.19
               
27 LAKE SHORE(4)     0.26 0.97 3.61 0.27
13 POINT(5)     0.52 1.65 3.26 0.51
 

 

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