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