Chuck Graham.And then we do the numbers…

I have a friend who has a bird’s eye view of our market.
More importantly he speaks in numbers, has a working relationship with statistics and he assembles data with the deft strokes of an accomplished and applauded artist. He is the architect of  happening, past, present and future. His name is Chuck Graham.

About Chuck: As the principal of Newton Graham Consultants, Chuck directs all integrated marketing communication, feasibility and marketing assignments, as well as general management consulting in the areas of strategy development, organizational structuring, control systems and financial management.

Chuck Graham

I am fortunate enough to have permission to share on my websites, his quarterly reports. I have snipped the latest from the fourth quarter of 2015 pertaining to condominiums and town homes.
So I lifted portions  to give you a glimpse. Chuck is a regular contributor to  www.therealestatelady.com.

Condominiums
Charlotte’s total condominium (existing and new) closings reached 2,282; 90% over the trough, but only 48% of the previous peak.  Median total prices reached $170,000; 13% over the trough, but only 97% of the previous peak.
Charlotte’s existing condominium closings reached 2,199; 152% over the trough, but only 79% of the previous peak.  Median existing prices reached $168,000; up 20% over the trough and 17% over the previous peak.
Charlotte’s new condominium closings reached 83; still reaching for the trough and only 4% of the previous peak.  New median prices reached $312,000; 73% greater than the trough but only 18% greater than the previous peak.
There were no condominium permits!
Townhouses
Charlotte’s total townhouse (existing and new) closings totaled 2,684; 107% greater than the trough and 59% of the previous peak.  Median prices reached $147,500; 3% greater than the trough, and 95% of the previous peak.
Charlotte’s existing townhouse closings reached 2,109; 245% better than the trough, and 21% better than the previous peak.  Median prices reached $137,000; 16% better than the trough and 6% better than the previous peak.
Charlotte’s new townhouse closings only reached 575, still reaching for the trough and only 20% of the previous peak.  Median prices reached $179,500; up 13% over the trough and 99% of the previous peak.
Townhouse permits reached 1,100; 73% better than the trough but only 21% of the previous peak.