| CHARLOTTE
MARKET |
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| Key Measures |
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| 1Q07 vs.
1Q06 |
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| Twelve
Months Ending 1Q07 vs.1Q06 |
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Year |
Year |
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Ending |
Ending |
2007 - 2006 |
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1Q07 |
1Q06 |
1Q07 |
1Q06 |
1Q |
Year |
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| SINGLE
FAMILY LOTS |
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| Number of
Closings |
7228 |
7376 |
27940 |
25312 |
0.98 |
1.10 |
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| Median Lot
Price |
$40,000 |
$35,900 |
$37,750 |
$35,710 |
1.11 |
1.06 |
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| Median
Lot/Package Ratio |
17.47 |
18.70 |
17.08 |
18.80 |
0.93 |
0.91 |
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| PERMITS |
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| Condominium |
429 |
200 |
2061 |
239 |
2.15 |
8.62 |
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| Townhouse |
713 |
805 |
3297 |
2898 |
0.89 |
1.14 |
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| Subtotal |
1142 |
1005 |
5358 |
3137 |
1.14 |
1.71 |
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| Single
Family |
5140 |
5764 |
21764 |
21590 |
0.89 |
1.01 |
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| TOTAL |
6282 |
6769 |
27122 |
24727 |
0.93 |
1.10 |
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| NEW CLOSINGS |
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| Condominium |
347 |
473 |
1891 |
1583 |
0.73 |
1.19 |
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| Townhouse |
575 |
581 |
2707 |
2375 |
0.99 |
1.14 |
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| Subtotal |
922 |
1054 |
4598 |
3958 |
0.87 |
1.16 |
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| Single
Family |
4337 |
4232 |
20173 |
18687 |
1.02 |
1.08 |
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| TOTAL |
5259 |
5286 |
24771 |
22645 |
0.99 |
1.09 |
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| MEDIAN NEW
CLOSING PRICES |
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| Condominium |
$199,000 |
$183,000 |
$197,500 |
$153,500 |
1.09 |
1.29 |
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| Townhouse |
$145,000 |
$140,500 |
$146,000 |
$136,500 |
1.03 |
1.07 |
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| Single
Family |
$229,000 |
$192,000 |
$221,000 |
$189,900 |
1.19 |
1.16 |
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| TOTAL |
$216,500 |
$185,500 |
$209,000 |
$181,000 |
1.17 |
1.15 |
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| RESALE
CLOSINGS |
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| Condominium |
663 |
519 |
2927 |
2380 |
1.28 |
1.23 |
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| Townhouse |
442 |
302 |
1817 |
1056 |
1.46 |
1.72 |
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| Subtotal |
1105 |
821 |
4744 |
3436 |
1.35 |
1.38 |
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| Single
Famliy |
7182 |
5870 |
34007 |
28433 |
1.22 |
1.20 |
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| TOTAL |
8287 |
6691 |
38751 |
31869 |
1.24 |
1.22 |
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| MEDIAN
RESALE CLOSING PRICES |
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| Condominium |
$126,000 |
$134,500 |
$135,000 |
$137,000 |
0.94 |
0.99 |
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| Townhouse |
$125,000 |
$127,000 |
$126,600 |
$129,000 |
0.98 |
0.98 |
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| Single
Family |
$158,000 |
$158,500 |
$165,000 |
$165,000 |
1.00 |
1.00 |
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| TOTAL |
$153,000 |
$155,000 |
$160,000 |
$160,500 |
0.99 |
1.00 |
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| TOTAL
CLOSINGS |
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| Condominium |
1010 |
992 |
4818 |
3963 |
1.02 |
1.22 |
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| Townhouse |
1017 |
883 |
4524 |
3431 |
1.15 |
1.32 |
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| Subtotal |
2027 |
1875 |
9342 |
7394 |
1.08 |
1.26 |
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| Single
Family |
11519 |
10102 |
54180 |
47120 |
1.14 |
1.15 |
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| TOTAL |
13546 |
11977 |
63522 |
54514 |
1.13 |
1.17 |
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| MEDIAN TOTAL
PRICES |
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| Condominium |
$154,500 |
$157,000 |
$161,000 |
$143,500 |
0.98 |
1.12 |
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| Townhouse |
$135,500 |
$135,000 |
$137,570 |
$134,010 |
1.00 |
1.03 |
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| Single
Family |
$185,000 |
$175,000 |
$188,000 |
$177,000 |
1.06 |
1.06 |
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| TOTAL |
$178,000 |
$170,000 |
$180,500 |
$171,000 |
1.05 |
1.06 |
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