December 2009 Real Estate Statistics Report
Full Real Estate Stats for This Month
The REI Brain dot Com
“The Net’s Most Honest, Unbiased, Actionable, Complete, and Timely Real Estate Investing Information, Resources and Tools. Period.”
www.thereibrain.com
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
December 2009 Real Estate Market Statistics
One thing to learn early on as an investor is that no two real estate markets are exactly alike. Sure, there might be lots of similarities between different market inventories or you might notice similar trends to neighboring markets. But nothing takes the place of really knowing the intricacies of your market. Our friends at John Burns Consulting share a case study below of the major housing markets in the Carolinas and how different trends and factors, such as unemployment, have affected each market. Enjoy ☺ Trevor
Trevor Mauch The REI Brain dot Com http://www.thereibrain.com
All Carolinas Are Not Created Equally
We used to refer to the Carolinas in one breath, as if all of the markets behaved similarly. Today, that could not be further from the truth. All of the major housing markets (Charlotte, Raleigh, Wilmington, Myrtle Beach, Charleston and Hilton Head) have wildly different outlooks. In this analysis, we will look at Charlotte and Raleigh. Over the years, Charlotte has become a major finance hub because of Wachovia's national expansion and NationsBank's 1998 Jody Kahn acquisition of San Francisco-based Bank of Vice President America. With the distress at both institutions, employment has suffered greatly and the housing market along with it.
Over many decades but especially over the last 15 years, the Raleigh MSA has developed a huge technology-oriented employment base, revolving around the three great universities: Duke (Durham), University of North Carolina (Chapel Hill) and N.C. State (Raleigh). While the banking business boomed earlier this decade, the technology business tanked, and we believe the next few years will be the exact opposite, as technology soars again while banks struggle. Therefore, we expect Raleigh's housing market to outperform Charlotte's market. Here is some more information to support our thesis: • Job Losses: Charlotte's 12-month job loss rate at -5.7% is more than double Raleigh's -2.4%, and equates to nearly 49,000 jobs lost in the last 12 months versus nearly 13,000 in Raleigh. Our forecasts project Raleigh's job growth rate will outpace Charlotte's through 2013.
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
•
Unemployment: Charlotte's unemployment rate as of November is higher than average at 12.0% versus Raleigh's lower than average rate of 8.6%. The rate is 10% nationally.
•
New Home Sales: Raleigh saw strong new home sales through the summer and early fall, which ate through much of the housing inventory in more desirable locations. Initially, sales were limited to the entry level price ranges, but expanded in the Fall to include sales at better located, affordable move-up and active adult communities. Charlotte didn't see an equivalent lift in traffic and sales this year. Sales did pickup somewhat from the devastating declines at the end of 2008, but Charlotte builders have continued to report lackluster activity, even at the entry level.
•
Land prices: In Raleigh, land prices have fallen dramatically in Raleigh's outer locations, while demand for "A" location detached lots has been strong, particularly among several public builders in the market. While there is less evidence of price capitulation in the more remote locations in Charlotte, there is also less appetite for "A" locations. The removal of the #1 builder in Charlotte from the market, however, will help stabilize the competitive environment.
•
New start-ups: Raleigh has several small, start-up homebuilding companies headed by former division presidents, which will grow new businesses offering affordable homes on lots purchased at distressed prices. The presence of start-up homebuilders is a positive sign of Raleigh's shift towards recovery, based on watching prior recoveries. In Charlotte, we are not hearing of the same level of start-ups by former division presidents and private builders recreating themselves.
Conclusion: In order to accurately assess the risk risk/reward, it is important to recognize these 2 metros as distinct entities with unique dynamics in play. It is even more important to look at each submarket, which we have done in our2010 Land Acquisition and New Home Sales Strategy year-end reports, which can be viewed HERE This is the most current available data for all variables and markets.
State Metro Area* Alabama Anniston131 Oxford Auburn-Opelika 619 Birmingham 1,655 Decatur 87 Dothan 237
Employment Statistics Affordability NF Payroll 1212Total Employment Month Month Permits / 1-Yr Median Housing Housing S. Fam. Total Peak 1-Yr Growth Unemp Home Costs / Cycle Rate Permits Permits Permits Growth Rate Price Income Barometer 183 1,249 1,770 87 295 39% 57% 23% 9% 39% (1,800) (2,600) (20,100) (3,200) (1,900) (3.4%) (4.7%) (3.8%) (5.5%) (3.1%) 11.2% $85,603 8.8% 9.9% 11.0% 9.3% $130,340 $137,596 $95,948 $89,983 19% 27% 24% 20% 19% 0.2 0.3 1.2 0.6 0.1
Permits Statistics
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Florence 131 Gadsden 118 Huntsville 2,341 Mobile 1,156 Montgomery 427 Tuscaloosa 371 Alaska Anchorage 281 Fairbanks 33 Arizona Flagstaff 153 Phoenix 8,696 Prescott 383 Tucson 1,930 Yuma 708 Arkansas Fayetteville 975 Fort Smith 587 Hot Springs 36 Jonesboro 386 Little Rock 1,624 Pine Bluff 46 California Bakersfield 1,411 Chico 381 El Centro 245 Fresno 1,829 Hanford 161 Los Angeles 2,096 (D) Madera 82 Merced 117 Modesto 318 Monterey 95 Napa 105 Oakland (D) 1,680 Orange County 1,195 (D) Redding 200 Riverside-San 4,224 Bernardino Sacramento 2,731 San Diego 1,819 San Francisco 361 (D) San Jose 595 San Luis 316 Obispo Santa Barbara 165 Santa Cruz 123 Santa Rosa 405 Stockton 676 Vallejo-Fairfield 524 Ventura 244 Visalia922 Porterville
151 118 3,276 1,950 457 754 539 33 459 9,570 522 1,993 800 1,555 853 36 405 3,001 70 1,702 387 250 1,934 218 5,938 137 117 338 170 115 2,927 2,046 390 5,983 3,270 3,109 1,229 1,592 390 179 123 409 681 524 425 1,052
19% 30% 66% 70% 18% 29% 6% 4% 34% 14% 12% 16% 30% 21% 65% 10% 41% 52% 17% 19% 20% 11% 26% 16% 9% 6% 3% 5% 6% 12% 13% 8% 17% 10% 14% 7% 18% 16% 11% 7% 9% 7% 10% 8% 6% 29%
(2,100) (500) (4,700) (4,600) (6,000) (3,200) (1,800) (500) (4,300) (135,100) (3,400) (19,400) (3,700) (3,000) (2,100) 500 (200) (5,600) (300) (6,800) (2,600) (1,100) (10,900) (1,700) (600) (1,700) (4,700) (5,900) (4,100) (38,900) (4,000)
(3.7%) (1.3%) (2.2%) (2.5%) (3.3%) (3.2%) (1.0%) (1.3%) (6.6%) (7.3%) (5.6%) (5.1%) (7.0%) (1.4%) (1.7%) 1.3% (0.4%) (1.6%) (0.8%) (2.8%) (3.5%) (2.4%) (3.6%) (4.5%) (1.7%) (2.9%) (3.0%) (4.6%) (6.3%) (3.8%) (6.4%)
10.9% 10.5% 7.9% 11.0% 10.0% 9.3% 7.4% 7.4% 8.1% 8.7% 9.5% 8.4% 23.5% 5.3% 7.8% 6.6% 6.2% 5.9% 8.8% 14.5% 12.8% 30.0% 15.8% 15.5% 13.8% 16.4% 16.6% 10.6% 9.0% 11.5% 9.6%
$95,409 $85,015 $121,206 $126,626 $128,591 $117,792
20% 21% 19% 27% 23% 25%
0.3 1.3 0.5 2.6 0.4 0.1 0.0 0.2 7.3 1.5 0.0 2.9 5.0 0.0 0.0 0.1 0.0 0.2 0.0 1.8 3.0 1.6 2.7 0.0 3.2 1.8 0.6 0.7 1.0 3.1 2.3 5.1 3.8 0.7 1.8 3.8 5.0 4.8 5.4 3.1 3.6 3.0 0.8 0.8 4.2 1.1
$179,046 20% $143,373 18% $299,000 $132,937 $145,336 $165,000 $141,250 $106,069 $77,395 $113,668 $74,856 $131,948 $66,444 $130,000 $195,500 $120,000 $155,000 $105,000 $132,000 $110,500 $140,000 $225,500 $360,000 $329,000 58% 21% 30% 32% 33% 16% 14% 21% 13% 19% 13% 24% 38% 26% 29% 20% 28% 22% 23% 33% 44% 38%
(151,000) (3.7%)
12.6% $325,000 50%
(52,000) (3.5%) (63,300) (5.3%) (46,800) (5.3%) (52,200) (4.0%) (49,200) (4.9%) (45,500) (5.0%) (2,600) (3,000) (3,700) (8,900) (6,700) (5,100) (12,400) (3,800) (2.5%) (1.7%) (4.0%) (4.8%) (3.2%) (4.1%) (4.3%) (3.4%)
$490,000 54%
15.3% $190,000 35% 14.6% $165,000 25% 12.3% $210,500 29% 10.5% $360,000 48% 9.3% 9.1% 8.8% 10.7% 10.1% 16.1% 12.0% 11.1% $690,000 76% $392,250 64% $307,500 $470,000 $350,000 $160,000 $198,000 $410,000 47% 60% 46% 24% 26% 45% 11.9% $535,000 53%
15.9% $127,500 24%
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Yuba-Sutter 183 Colorado Boulder 217 Colorado 1,307 Springs Denver 2,612 Fort Collins 355 Grand Junction 389 Greeley 691 Pueblo 192 Connecticut Bridgeport 405 Hartford 767 New Haven 327 Delaware Dover 692 Wilmington (D) 905 District of Columbia Washington 7,328 D.C. (D) Florida Daytona Beach 696 Fort Lauderdale 536 (D) Fort Myers 881 Fort Walton 300 Beach Gainesville 356 Jacksonville 3,294 Lakeland 1,196 Melbourne 840 Miami (D) 565 Naples 580 Ocala 376 Orlando 3,516 Panama City 261 Pensacola 939 Port St. Lucie 374 Punta Gorda 263 Sarasota 1,204 Tallahassee 657 Tampa 3,807 West Palm 1,028 Beach (D) Georgia Albany 177 Athens 359 Atlanta 5,199 Augusta 2,315 Brunswick 379 Columbus 858 Dalton 137 Gainesville 212 Hinesville 434 Macon 385 Rome 73
183 628 1,323 4,049 435 391 744 383 1,458 1,135 416 743 1,150 10,339 784 1,126 952 342 515 4,690 1,196 1,056 1,594 882 404 4,780 353 1,011 450 280 1,478 761 6,280 1,463 211 389 6,686 2,464 379 995 171 530 686 445 112
6% 12% 12% 14% 12% 19% 17% 27% 28% 11% 6% 34% 18% 27% 10% 6% 3% 9% 16% 19% 9% 11% 6% 11% 5% 13% 6% 16% 4% 6% 10% 18% 17% 6% 17% 17% 9% 45% 30% 44% 16% 20% 78% 24% 16%
(2,500) (8,800) (48,600) (4,500) (4,900) (4,900) (1,500)
(6.2%) (5.2%) (3.9%) (3.2%) (7.3%) (5.8%) (2.5%)
17.6% $150,000 28% 5.3% 7.1% 6.8% 5.5% 8.0% 7.4% 7.4% 8.0% 8.4% 8.3% 8.3% 8.9% 6.3% $306,000 32% $178,900 22% $217,000 $210,000 $146,319 $160,000 $82,375 26% 26% 23% 20% 15%
0.9 3.0 0.9 3.0 0.8 0.0 0.9 0.0 0.7 0.0 0.6 5.3 1.8 1.9 1.0 0.7 0.3 0.0 2.6 3.1 2.6 1.2 1.7 2.0 0.9 1.7 3.2 0.6 0.0 0.4 2.7 0.0 2.2 4.5 0.0 0.0 0.0 0.3 0.2 0.3 0.0 0.3 0.0 0.2 0.2
(11,200) (4.3%)
(14,000) (3.3%) (18,500) (3.3%) (5,100) (1.8%) (2,800) (4.3%) (16,900) (4.8%) (25,700) (1.1%) (5,100) (3.1%)
$359,871 35% $227,575 28% $225,271 30% $189,835 32% $195,233 28% $287,056 27%
11.7% $110,500 22% 9.7% 7.4% 7.3% 10.7% 12.5% 11.4% 11.8% 12.4% 13.4% 11.4% 9.5% 9.7% 13.7% 12.7% 12.3% 7.5% 11.7% $170,000 27% 15% 35% 23% 22% 21% 33% 31% 20% 23% 28% 25% 18% 18% 27% 29% 23% $163,281 24% $155,935 $145,000 $111,500 $119,450 $169,200 $210,000 $100,000 $140,000 $159,126 $133,767 $109,000 $100,000 $154,000 $145,476 $125,900 13.7% $89,500
(26,800) (3.5%) (14,300) (6.8%) (2,800) (3,600) (23,300) (8,800) (7,100) (28,700) (8,900) (4,700) (47,800) (2,900) (5,000) (4,000) (900) (16,900) (4,000) (58,500) (3.4%) (2.6%) (3.8%) (4.3%) (3.5%) (2.8%) (7.3%) (4.6%) (4.5%) (3.9%) (3.0%) (3.2%) (2.2%) (6.4%) (2.3%) (4.8%)
(17,800) (3.3%) (2,900) (1,000) (138,300) (5,600) (700) (2,100) (5,900) (3,800) (300) (5,300) (1,000) (4.5%) (1.2%) (5.7%) (2.6%) (1.6%) (1.8%) (8.1%) (4.9%) (1.5%) (5.2%) (2.5%)
11.4% $220,000 34% 10.5% 7.2% 10.4% 9.5% 8.8% 9.6% 12.9% 9.3% 8.1% 9.9% 10.9% $85,193 $128,691 $116,806 $109,490 $143,574 $103,982 $99,270 $130,626 $97,819 $94,351 $90,951 19% 26% 16% 20% 23% 20% 19% 23% 18% 19% 18%
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Savannah 1,113 Valdosta 508 Warner Robins 670 Hawaii Honolulu 805 Idaho Boise City 1,705 Coeur D'Alene 748 Idaho Falls 306 Lewiston 80 Pocatello 154 Illinois Bloomington 302 Champaign364 Urbana Chicago (D) 2,824 Danville 15 Decatur 30 Kankakee166 Bradley Lake-Kenosha 591 (D) Peoria 487 Rockford 213 Springfield 326 Indiana Anderson 72 Bloomington 266 Columbus 124 Elkhart-Goshen 129 Evansville 556 Fort Wayne 727 Gary (D) 897 Indianapolis 3,518 Kokomo 14 Lafayette 394 Michigan City 91 Muncie 33 South Bend 300 Terre Haute 122 Iowa Ames 106 Cedar Rapids 651 Davenport 361 Des Moines 1,740 Dubuque 278 Iowa City 576 Sioux City 117 Waterloo 332 Kansas Lawrence 178 Topeka 379 Wichita 1,294 Kentucky Bowling Green 287 Elizabethtown 357
1,234 549 794 1,113 1,888 866 314 81 162 490 556 4,880 15 65 182 638 502 223 401 74 444 124 181 658 835 970 5,357 76 483 97 33 366 128 174 950 664 2,481 394 745 135 338 334 458 1,829 464 453
25% 38% 38% 23% 16% 32% 16% 20% 23% 29% 26% 11% 8% 11% 22% 10% 26% 9% 26% 10% 36% 20% 11% 30% 23% 21% 31% 10% 26% 16% 6% 18% 19% 18% 46% 44% 39% 45% 44% 11% 40% 18% 33% 40% 34% 34%
(5,000) (2,300) (1,800)
(3.1%) (4.1%) (3.0%)
8.3% 8.4% 7.4% 5.9% 9.7% 9.2% 6.0% 6.4% 7.5% 7.7% 8.6%
$136,435 24% $105,365 24% $94,997 15% $541,745 63% $148,157 $148,217 $103,041 $129,518 $97,066 21% 25% 16% 24% 17%
2.2 0.8 0.1 3.5 0.0 1.5 0.1 2.1 0.0 0.6 3.6 2.1 0.9 3.0 4.1 0.9 5.3 5.0 0.5 0.4 0.6 0.4 0.6 0.7 0.6 1.2 1.0 0.3 0.6 0.8 0.3 0.9 0.3 0.1 3.2 5.1 0.6 0.5 0.0 0.3 3.7 0.3 0.2 0.3 1.5 4.0
(13,300) (2.9%) (20,600) (2,400) (2,300) (1,800) (2,300) (900) (1,800) (7.6%) (4.2%) (4.5%) (6.0%) (5.9%) (1.0%) (1.5%)
$152,281 24% $140,157 27%
(178,600) (4.6%) (800) (2.6%) (2,500) (4.5%) (1,400) (3.2%)
10.4% $197,000 29% 12.1% $56,272 12% 12.7% $87,568 18% 13.3% $128,220 21% 10.2% $222,024 27% 11.7% $123,051 21% 15.7% $106,439 19% 8.2% $103,882 17% 10.2% 6.5% 8.6% 14.9% 7.9% 10.3% 9.2% 8.1% 12.0% 8.1% 10.9% 9.9% 10.5% 9.7% 4.0% 5.9% 9.1% 5.7% 5.7% 4.0% 5.4% 8.0% 4.7% 6.0% 7.9% $80,028 $120,352 $114,260 $103,819 $88,180 $85,042 $97,118 $101,101 $81,180 $105,807 $107,126 $72,628 $66,478 $72,320 $125,178 $129,238 $114,294 $145,050 $109,710 $144,892 $84,303 $103,471 15% 25% 18% 18% 17% 15% 16% 16% 15% 21% 18% 16% 12% 16% 21% 22% 21% 20% 19% 24% 15% 19%
(12,300) (3.1%) (6,300) (4,400) (2,200) (1,300) (2,600) (1,100) (7,600) (5,700) (8,500) (6,900) (43,800) (3,700) (1,800) (900) (1,400) (6,200) (3,500) (1,100) (2,300) (3,600) (5,600) (1,700) 500 (2,200) (2,600) (3.3%) (2.8%) (2.0%) (3.1%) (3.0%) (2.4%) (6.6%) (3.2%) (3.9%) (2.4%) (4.7%) (8.3%) (1.8%) (2.0%) (2.6%) (4.3%) (4.7%) (2.2%) (1.6%) (1.9%) (1.7%) (3.0%) 0.5% (2.9%) (2.8%)
(3,300) (6.3%) (2,500) (2.2%) (13,400) (4.3%) (3,500) (1,200) (5.7%) (2.5%)
$136,644 22% $103,528 16% $112,622 17%
10.5% $103,994 23% 10.8% $103,816 25%
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Lexington Louisville Owensboro Louisiana Alexandria Baton Rouge Houma Lafayette Lake Charles Monroe New Orleans Shreveport Maine Bangor LewistonAuburn Portland Maryland Baltimore Bethesda (D) Cumberland Hagerstown Salisbury Massachusetts Barnstable Town Boston (D) Cambridge (D) Pittsfield Michigan Ann Arbor Battle Creek Bay City Detroit (D) Flint Grand Rapids Holland Jackson Kalamazoo Lansing Monroe Muskegon Niles Saginaw Warren (D) Minnesota Duluth Minneapolis Rochester St. Cloud Mississippi Gulfport-Biloxi Hattiesburg Jackson Pascagoula Missouri
1,339 2,055 222 331 2,679 482 721 954 266 2,197 979 284 157 959 2,917 1,459 139 654 154 305 991 979 94 245 9 129 261 73 709 362 61 404 231 87 75 125 107 936 459 3,398 417 254 1,946 173 1,209 715
1,871 2,370 224 375 2,764 568 814 1,407 271 2,827 1,192 350 175 1,077 4,405 1,695 154 696 215 325 2,388 1,495 258 283 9 129 358 188 719 420 118 428 314 87 96 136 129 980 537 4,347 545 449 3,265 258 1,231 716
37% 27% 21% 39% 31% 48% 16% 94% 23% 21% 39% 35% 20% 19% 23% 14% 38% 17% 17% 7% 23% 20% 28% 10% 1% 29% 6% 5% 14% 15% 12% 17% 10% 7% 10% 17% 13% 5% 31% 15% 27% 22% 60% 23% 27% 43%
(8,200) (3.2%) (18,500) (3.0%) (1,400) (2.7%) (800) (7,800) (1,900) (1,800) (500) (900) (8,700) (5,100) (900) (1,500) (5,400) (29,100) 1,800 (100) (2,100) (800) (5,300) (1.2%) (2.1%) (1.9%) (1.2%) (0.5%) (1.1%) (1.6%) (2.8%) (1.3%) (3.1%) (2.8%) (2.2%) 0.3% (0.2%) (2.1%) (1.4%) (5.3%)
8.4% $139,040 29% 10.3% $121,603 25% 9.2% $80,361 18% 6.5% 6.8% 5.1% 5.9% 6.5% 7.6% 6.8% 7.1% 6.9% 8.1% 6.5% 7.7% 5.6% 7.8% 9.1% 8.5% 8.0% 7.4% 7.9% 8.0% 8.8% 12.0% 12.1% 17.7% 15.2% 11.4% 12.6% 14.5% 11.1% 10.6% 13.6% 15.7% 13.2% 12.6% 16.0% 7.5% 7.1% 5.7% 6.6% 7.9% 8.1% 7.7% 8.9% $88,146 $156,267 $109,485 $124,654 $103,036 $91,209 $159,284 $143,927 18% 24% 17% 22% 18% 18% 25% 28%
5.0 5.1 1.4 0.2 1.5 0.4 0.4 0.5 0.3 1.3 4.4 0.0 0.0 0.9 5.0 4.5 4.8 0.0 0.0 0.6 1.7 0.4 0.5 0.0 0.3 0.1 0.0 0.2 0.5 0.3 1.6 0.2 0.3 0.3 0.3 1.9 0.8 0.0 5.4 1.7 0.8 1.2 3.4 0.3 1.5 0.0
$114,502 21% $122,742 23% $208,063 29% $234,000 $345,500 $117,405 $157,097 $134,831 31% 33% 26% 23% 25%
$285,496 37% $302,824 36% $330,956 34% $181,013 29% $154,651 $80,430 $78,379 $80,808 $76,790 $73,613 $129,024 $87,230 $107,854 $71,372 $113,833 $81,882 $112,936 $31,128 $139,438 $107,029 $175,979 $126,721 $124,438 $130,051 $92,070 $125,300 $102,566 21% 15% 15% 15% 15% 12% 19% 18% 20% 12% 17% 16% 22% 7% 19% 21% 24% 18% 21% 26% 20% 23% 18%
(45,800) (2.6%) (63,500) (2.5%) (1,300) (3.6%) (5,200) (2,400) (2,300) (36,300) (10,900) (14,600) (8,700) (3,300) (6,000) (8,600) (3,400) (3,100) (3,800) (4,600) (99,600) (5,500) (63,700) (1,200) (3,400) (1,500) (2,000) (2,500) (1,700) (2.6%) (4.1%) (6.0%) (4.8%) (7.6%) (3.8%) (7.8%) (5.8%) (4.1%) (3.8%) (8.1%) (4.9%) (5.9%) (5.3%) (8.8%) (4.1%) (3.6%) (1.1%) (3.3%) (1.4%) (3.3%) (1.0%) (2.9%)
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Columbia Jefferson City Joplin Kansas City Springfield St. Joseph St. Louis Montana Billings Great Falls Missoula Nebraska Lincoln Omaha Nevada Carson City Las Vegas Reno New Hampshire Manchester New Jersey Atlantic City Camden (D) Edison (D) Newark-Union (D) Ocean City Trenton Vineland New Mexico Albuquerque Farmington Las Cruces Santa Fe New York Albany Binghamton Buffalo Elmira Glens Falls Ithaca Kingston Nassau (D) New York (D) Poughkeepsie Rochester Syracuse Utica-Rome North Carolina Asheville Burlington Charlotte Durham Fayetteville Goldsboro Greensboro
487 248 135 1,723 717 126 3,897 479 144 209 616 2,955 19 3,520 519 287 462 1,264 2,373 1,332 274 226 232 1,470 200 838 97 1,053 172 931 42 268 100 178 1,178 1,430 685 1,188 689 149 1,170 457 4,184 1,323 1,586 187 1,334
605 288 192 2,898 1,168 152 4,731 560 184 227 697 3,399 19 5,789 797 473 492 1,902 3,085 2,763 347 253 243 1,686 212 1,143 97 1,311 172 1,140 45 309 120 206 1,411 9,406 1,301 3,802 859 177 1,505 581 7,432 2,352 2,464 253 2,046
26% 25% 26% 16% 23% 36% 26% 38% 58% 20% 26% 51% 3% 15% 13% 7% 12% 23% 13% 30% 14% 7% 33% 19% 36% 46% 8% 25% 13% 25% 15% 19% 18% 15% 12% 21% 25% 74% 25% 13% 35% 29% 30% 36% 57% 37% 32%
(1,200) (2,400) (500) (24,900) (1,700) 800 (44,000) (2,700) (1,900) (1,800) (4,100) (9,900)
(1.3%) (3.0%) (0.6%) (2.4%) (0.9%) 1.3% (3.2%) (3.3%) (5.3%) (3.2%) (2.4%) (2.1%)
5.9% 7.1% 7.7% 8.4% 8.0% 8.1% 9.8% 4.5% 5.0% 5.5% 4.2% 4.8%
$144,713 $103,003 $81,020 $134,385 $120,901 $85,463 $172,975
29% 19% 19% 20% 25% 17% 29%
1.9 0.8 0.9 1.1 2.6 0.8 5.4 0.1 0.1 0.8 0.4 0.2 0.0 0.0 0.1 0.0 4.6 3.2 5.3 4.5 4.1 4.0 2.6 1.8 4.1 0.0 0.0 3.4 3.3 1.9 2.4 3.4 2.3 2.4 4.4 3.7 1.2 2.4 3.6 2.9 3.0 0.1 2.7 4.6 0.1 0.3 1.0
$119,771 19% $101,457 18% $167,774 30% $133,235 20% $130,345 19%
(1,600) (5.1%) (60,600) (6.7%) (15,400) (7.2%) (1,400) (1.4%)
11.7% $155,282 24% 13.0% $135,000 19% 12.2% $179,000 26% 6.7% $210,806 20%
(6,100) (4.1%) (20,600) (3.8%) (24,600) (2.4%) (13,700) (1.3%) 2,700 (6,400) (300) (14,800) (2,800) (1,800) (3,000) (12,100) (3,000) (16,900) (1,600) (2,100) (700) (800) (39,300) (140,600) (5,600) (9,500) (6,600) (1,900) (8,200) (2,500) (48,800) (10,400) (2,800) (1,300) (20,900) 6.8% (2.7%) (0.5%) (3.7%) (5.2%) (2.6%) (4.6%) (2.7%) (2.6%) (3.0%) (3.8%) (3.8%) (1.1%) (1.3%) (3.1%) (2.6%) (2.2%) (1.8%) (2.0%) (1.4%) (4.6%) (4.1%) (5.7%) (3.5%) (2.1%) (2.9%) (5.7%)
12.7% $208,509 34% 9.7% $192,949 26% 8.6% $316,422 37% 9.0% $362,162 45% 10.6% $218,532 39% 7.7% $247,824 33% 12.8% $133,906 25% 7.8% 8.7% 7.2% 6.5% 7.0% 8.3% 8.3% 8.7% 7.5% 5.5% 7.7% 7.2% 9.8% 7.9% 7.8% 8.0% 7.3% 8.6% 11.8% 12.0% 7.6% 9.0% 8.8% 11.3% $196,378 $184,177 $104,767 $217,472 $188,060 $112,259 $105,961 $81,741 $151,172 $146,403 $199,769 $357,080 $404,484 $217,177 $113,853 $123,056 $104,543 $165,295 $107,360 $150,000 $199,430 $102,367 $96,335 $135,377 31% 33% 21% 30% 29% 22% 20% 17% 30% 28% 32% 35% 62% 28% 20% 23% 23% 32% 20% 24% 34% 19% 19% 25%
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Greenville Hickory Jacksonville Raleigh-Cary Rocky Mount Wilmington Winston-Salem North Dakota Bismarck Fargo Grand Forks Ohio Akron Canton Cincinnati Cleveland Columbus Dayton Lima Mansfield Sandusky Springfield Toledo Youngstown Oklahoma Lawton Oklahoma City Tulsa Oregon Bend Corvallis Eugene Medford Portland Salem Pennsylvania Allentown Altoona Erie Harrisburg Johnstown Lancaster Lebanon Philadelphia (D) Pittsburgh Reading Scranton State College Williamsport York Rhode Island Providence South Carolina Anderson Charleston
363 640 1,402 4,055 261 1,427 763 421 793 187 651 309 2,947 1,706 2,564 778 91 47 55 60 442 211 307 3,040 2,532 359 85 420 302 2,873 456 1,244 87 259 1,020 74 848 330 2,797 2,685 391 473 292 84 734 1,145 244 2,638
541 644 1,832 4,753 265 1,798 1,130 505 1,582 300 738 387 3,302 2,035 3,601 802 95 48 55 88 549 280 581 3,220 3,292 389 87 524 312 3,855 580 1,521 109 329 1,088 223 1,093 330 3,466 2,974 428 520 342 156 790 1,382 244 2,876
21% 27% 90% 27% 26% 20% 26% 46% 56% 45% 18% 25% 21% 25% 21% 19% 19% 8% 10% 13% 13% 15% 53% 15% 27% 9% 11% 19% 15% 20% 17% 28% 22% 32% 29% 60% 30% 39% 20% 42% 20% 24% 31% 29% 25% 12% 13% 27%
(2,500) (10,500) (3,000) (12,700) (2,400) (4,200) (4,800) (300) (1,600) (500) (14,300) (7,300) (41,200) (55,500) (17,200) (14,500) (2,300) (2,400) 400 (1,400) (15,000) (15,200)
(3.2%) (6.7%) (6.2%) (2.4%) (3.7%) (2.9%) (2.2%) (0.5%) (1.3%) (0.9%) (4.2%) (4.2%) (4.0%) (5.2%) (1.8%) (3.7%) (4.2%) (4.2%) 1.0% (2.7%) (4.7%) (6.4%)
10.0% 14.5% 8.0% 8.6% 13.7% 9.8% 9.8% 2.8% 3.5% 3.5% 9.7% 11.4% 9.6% 8.6% 8.4% 11.0% 10.6% 12.1% 10.9% 10.2% 11.4% 12.5% 5.8% 6.5% 7.5% 13.6% 7.5% 11.2% 11.4% 10.7% 10.4% 9.3% 7.3% 9.4% 7.6% 8.8% 7.6% 7.0% 8.4% 7.7% 9.2% 9.0% 5.5% 9.2% 8.5%
$102,963 $103,755 $124,737 $186,110 $88,427 $209,290 $116,197
21% 21% 24% 26% 19% 39% 20%
0.3 0.8 0.3 2.0 0.5 5.0 0.3 0.7 0.0 0.0 2.5 1.0 1.7 0.7 2.4 1.0 0.3 0.6 0.4 0.3 0.6 1.1 0.2 0.5 0.5 0.0 0.6 4.8 0.5 5.4 5.2 4.4 0.5 0.6 1.5 3.0 2.4 2.1 3.1 0.6 4.3 1.1 2.6 1.5 2.2 0.1 0.0 0.4
$143,131 19% $135,507 20% $117,365 19% $116,500 $74,935 $135,000 $81,594 $145,000 $88,383 $87,213 $84,328 $111,123 $89,876 $70,785 $57,177 19% 13% 18% 13% 20% 15% 15% 17% 17% 15% 12% 11%
(800) (1.8%) (15,600) (2.7%) (9,200) (2.1%) (1,800) (2,000) (5,200) (4,600) (53,600) (7,700) (12,900) (2,000) (5,400) (10,500) (2,200) (9,300) (1,300) (33,100) (5,800) (8,400) (100) (2,100) (7,700) (2.7%) (5.1%) (3.4%) (5.5%) (5.2%) (5.0%) (3.7%) (3.2%) (4.0%) (3.2%) (3.5%) (3.9%) (2.6%) (2.9%) (3.3%) (3.2%) (0.1%) (3.9%) (4.2%)
$85,999 14% $128,049 20% $133,006 20% $160,529 $189,214 $196,090 $156,957 $237,000 $178,500 $213,646 $94,432 $89,583 $142,369 $82,564 $160,988 $136,148 $114,704 $149,739 $119,553 $153,493 $110,275 $151,120 23% 28% 35% 29% 34% 29% 31% 18% 18% 21% 20% 25% 22% 19% 24% 22% 30% 22% 23%
(57,100) (2.9%)
$206,401 28%
(25,500) (4.5%) (1,400) (7,900) (2.2%) (2.6%)
12.1% $206,427 31% 12.9% $97,696 17% 10.0% $182,750 27%
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Columbia Florence Greenville Myrtle Beach Spartanburg Sumter South Dakota Rapid City Sioux Falls Tennessee Chattanooga Clarksville Cleveland Jackson Johnson City Kingsport Knoxville Memphis Morristown Nashville Texas Abilene Amarillo Austin Beaumont Brownsville College Station Corpus Christi Dallas (D) El Paso Fort Worth (D) Houston Killeen Laredo Longview Lubbock McAllen Midland Odessa San Angelo San Antonio Sherman Texarkana Tyler Victoria Waco Wichita Falls Utah Logan OgdenClearfield Provo-Orem Salt Lake City St. George Virginia Charlottesville
2,494 335 1,394 1,365 577 361 400 880 1,040 1,187 202 243 403 450 1,302 1,486 207 3,828 192 568 6,516 2,310 920 789 957 9,130 2,628 5,298 21,187 1,994 633 167 743 2,789 324 199 177 5,200 82 289 189 114 411 180 348 1,396 1,183 1,556 542 651
3,437 419 1,439 1,591 605 396 434 1,452 1,164 1,396 287 291 514 461 1,734 1,989 233 5,209 192 594 8,358 2,852 1,017 969 1,052 13,834 3,365 6,879 27,187 2,103 721 195 976 3,056 324 199 512 6,443 100 371 258 114 613 210 448 1,497 1,431 4,857 544 685
42% 32% 26% 14% 22% 43% 32% 58% 30% 43% 30% 26% 36% 30% 27% 18% 31% 28% 9% 16% 32% 100% 26% 27% 17% 19% 52% 18% 36% 46% 30% 12% 23% 33% 8% 9% 33% 29% 9% 44% 9% 6% 21% 23% 32% 29% 22% 39% 14% 26%
(3,000) (700) (10,600) (4,600) (4,300) (1,300) (1,600) (2,500) (7,200) (2,400) (1,100) (2,300) (1,700) (4,800) (11,700) (12,600) (1,700) (29,100) (1,700) (2,500) (3,200) (6,300) (2,400) (3,600) (5,600) (52,800) (3,300) (6,300) (78,200) (2,000) (400) (2,800) (3,000) 4,400 (2,100) (1,800) (900) (5,700) (1,000) (1,200) (2,200) (2,400) (1,800) (1,700) (2,100) (9,100)
(0.8%) (0.8%) (3.3%) (3.8%) (3.3%) (3.6%) (2.6%) (1.8%) (2.9%) (2.9%) (2.7%) (3.7%) (2.1%) (3.9%) (3.5%) (2.0%) (3.4%) (3.8%) (2.5%) (2.2%) (0.4%) (3.9%) (1.9%) (3.7%) (3.1%) (2.5%) (1.2%) (0.7%) (3.0%) (1.6%) (0.4%) (2.8%) (2.3%) 2.0% (2.9%) (2.8%) (2.0%) (0.7%) (2.3%) (2.1%) (2.3%) (4.6%) (1.7%) (2.8%) (3.9%) (4.5%)
9.6% 12.4% 10.8% 12.2% 12.5% 13.9% 4.6% 4.7% 8.9% 10.4% 9.5% 10.7% 9.0% 9.1% 8.4% 9.9% 12.1% 9.1% 6.1% 5.5% 7.2% 10.8% 10.5% 6.0% 7.7% 8.3% 9.5% 8.3% 8.5% 7.1% 8.8% 8.0% 5.4% 11.2% 5.8% 9.0% 6.7% 7.0% 8.6% 7.0% 8.0% 7.8% 6.9% 7.8% 4.4% 6.4% 5.8% 6.3% 8.3% 5.3%
$126,000 $102,172 $134,800 $164,515 $110,450 $94,108
20% 19% 23% 28% 19% 19%
0.8 0.6 3.2 0.2 0.4 0.0 0.7 2.8 0.9 0.5 0.5 0.5 0.7 0.8 0.9 1.2 0.3 2.4 2.6 3.1 2.4 4.6 4.2 2.7 5.4 1.7 4.9 1.7 2.4 2.2 0.2 3.5 1.6 1.2 2.5 4.6 5.3 2.6 3.2 0.1 3.1 4.8 2.7 2.9 0.7 1.0 0.6 5.6 0.0 0.0
$119,711 20% $123,922 17% $122,762 $97,212 $105,321 $86,248 $108,146 $104,259 $140,336 $105,362 $102,028 $143,000 $97,700 $123,700 $179,800 $130,900 $94,400 $148,800 $144,100 $153,000 $131,000 $112,300 $148,000 $117,019 $87,611 $121,500 $114,900 $101,500 $121,658 $138,000 $118,600 $138,600 $95,700 $78,309 $136,500 $140,000 $118,000 $100,000 24% 19% 23% 20% 26% 24% 27% 20% 23% 23% 19% 22% 25% 24% 25% 29% 30% 21% 31% 16% 22% 21% 21% 23% 23% 25% 21% 26% 25% 24% 17% 15% 24% 23% 24% 20%
$122,808 25% $134,616 22% $145,883 26% $206,484 35% $136,040 27% $204,578 29%
(8,300) (4.3%) (28,700) (4.5%) (2,700) (5.3%) (2,800) (2.7%)
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Danville Harrisonburg Lynchburg Richmond Roanoke Virginia Beach Winchester Washington Bellingham Bremerton Kennewick Longview Mount Vernon Olympia Seattle (D) Spokane Tacoma (D) Wenatchee Yakima West Virginia Charleston Huntington Morgantown Parkersburg Weirton Wheeling Wisconsin Appleton Eau Claire Fond Du Lac Green Bay Janesville La Crosse Madison Milwaukee OshkoshNeenah Racine Sheboygan Wausau Wyoming Casper Cheyenne
101 421 579 2,641 451 2,726 330 371 491 1,002 172 241 1,061 3,594 809 1,196 292 351 253 95 31 115 63 1 409 298 84 514 188 252 735 862 234 174 87 209 200 148
131 559 595 3,430 453 4,578 342 421 497 1,033 174 262 1,333 5,762 1,145 2,029 304 494 286 107 53 125 63 1 441 382 83 594 247 355 1,179 1,406 298 329 175 307 251 379
25% 43% 32% 30% 24% 19% 19% 17% 19% 32% 25% 23% 42% 21% 26% 30% 28% 40% 34% 17% 17% 29% 34% 0% 20% 27% 13% 19% 19% 42% 19% 16% 20% 26% 24% 22% 32% 43%
(600) (300) 200 (15,000) (2,800) (4,300) (2,100) (4,900) (4,700) 3,400 (2,100) (1,700) (2,800) (43,000) (4,400) (6,000) (2,400) (1,600) (3,400) (4,000) (100) (700) (2,500) (600) (3,300) (2,600) (2,400) (3,900) (2,800) (2,500) (6,000) (50,700) (1,400) (3,900) (2,400) (2,500) (2,100) (1,300)
(1.5%) (0.5%) 0.2% (2.4%) (1.7%) (0.6%) (3.8%) (5.7%) (5.5%) 3.5% (5.6%) (3.6%) (2.7%) (2.9%) (2.0%) (2.1%) (5.8%) (2.0%) (2.2%) (3.3%) (0.2%) (1.0%) (5.1%) (0.9%) (2.8%) (3.1%) (4.9%) (2.3%) (4.1%) (3.3%) (1.7%) (5.9%) (1.5%) (4.8%) (3.8%) (3.5%) (5.0%) (2.9%)
11.2% 5.5% 6.6% 7.4% 7.0% 6.5% 7.1% 7.5% 7.1% 5.9% 12.4% 9.2% 7.0% 9.1% 8.0% 8.8% 6.4% 6.8% 7.0% 7.8% 5.1% 8.7% 12.6% 8.7% 7.3% 6.0% 8.1% 7.1% 10.9% 5.9% 5.5% 8.2% 6.9% 9.0% 8.1% 8.0% 7.5% 7.2%
$83,629 $163,448 $132,651 $195,000 $139,187 $197,161 $144,298 $206,353 $255,000 $168,143 $135,164 $183,245 $232,000 $347,750 $159,950 $220,000 $182,516 $151,088 $124,757 $84,760 $118,731 $85,434 $72,374 $75,212 $110,612 $109,146 $113,940 $139,557 $110,288 $115,181 $214,698 $193,395
20% 29% 25% 29% 24% 30% 23% 35% 34% 26% 23% 28% 31% 42% 28% 29% 28% 28% 23% 19% 23% 16% 16% 15% 17% 20% 19% 23% 19% 21% 31% 32%
0.2 1.4 0.0 3.1 0.2 3.3 0.0 3.1 5.4 4.5 0.4 0.1 5.6 5.7 4.8 3.2 0.0 4.0 0.7 0.5 0.3 0.3 0.4 0.3 1.1 1.5 0.8 2.9 2.2 1.3 5.0 5.2 0.8 3.6 4.1 1.1 0.9 0.0
$110,390 18% $137,259 22% $123,907 22% $114,079 18% $116,605 20% $115,485 17%
* The government defines metro areas and includes metro divisions within some areas. In these instances, we report at the more detailed division level, because that is what most of our clients use for decision making. For example, we report on the Los Angeles and Orange County divisions separately, rather than the Los Angeles MSA, which includes both Los Angeles and Orange counties. We also use the more colloquial names used by business people, so we refer to the "Santa Ana-Anaheim-Irvine" division as "Orange County." For the government definitions, visit: http://www.census.gov/population/www/metroareas/lists/2007/List1.txt This December 2009 real estate stats report is as provided by our friends at John Burns Consulting.
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/
Savvy Investors ONLY:
The REI Brain dot Com Readers Make More Money. Period.
There’s two types of real estate investors. Investors who work hard and hardly make any money (95% of “investors” fit this category)… mostly because they spend 95% of their time “learning” rather than “doing”. …And Investors who work smart and follow the “learn, implement, profit, learn more, implement more, profit more” mindset. Which group do you fall in? Sometimes the truth hurts. Do You Want To Make More Money In Real Estate? The key to making more in real estate is to learn what you need to learn RIGHT NOW to take the NEXT step… nothing more. Then implement that BEFORE you go out to learn ANYTHING ELSE. The REI Brain dot Com Helps You Implement and Earn More… and It’s Completely Free… Sounds Crazy huh?
Join the REI Brain Newsletter for Free Today…
and receive more step by step tutorials, resources, articles, and more… completely free. Sounds pretty refreshing huh? Truly valuable real estate education… for free. What a concept!
© 2008 All Rights Reserved - The REI Brain. For More Actionable Real Estate Investing Information, visit http://www.thereibrain.com/