Catawba County Home Sales 2012

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Hickory NC Real Estate
To date 1052 Catawba County home sales are reported in the MLS of Catawba Valley for 2012.  Distressed sales, those that were foreclosures and or short sales, comprised 16.66% of the reported sales volume.  Regular sales, those that were not foreclosure or short sales, comprised 83.34% of the reported sales volume.  Here is break down of the data:

  • 762 regular sales for a volume of $128,348,638 with an average price of $168,437
  • 265 foreclosure sales for a volume of $22,697,859 with an average price of $85,652
  • 25 short sale sales for a volume of $2,953,200 with an average price of $118,128

2012 Compared To 2011

  • 2012′s 1052 homes sales was an increase of 12.75% over 2011′s 933
  • 2012′s overall home sales volume of $153,999,670 was an increase of 16.94% over 2011′s $131,690,766
  • The average price of a regular home sale remained about the same at $168,437 versus  2011′s $168,738
  • Regular sales increased in percentage of market share volume by 6.09% to 83.34% from 2011′s 78.55%
  • Foreclosure sales declined in percentage of market share volume by 21.51% to 14.74% from 2011′s 18.78%
  • Short sale sales declined in percentage of market share volume by 28.35% to 1.92% from 2011′s 2.68%

Note About Terminology

Foreclosure as it is used in this context refers to properties that entered the market as bank or credit union owned, or owned by HUD,  or owned by a government sponsored enterprise.  In North Carolina a true foreclosure sale is an auction held at the courthouse in the county in which the property is located.  No true foreclosure sales data is contained herein.  Instead, the data analyzed pertains to the foreclosed upon property’s subsequent resale by the bank, HUD, etc..

Note About The Data & Analysis

The data is from the MLS of Catawba Valley as it was reported on February 6th, 2013.  Data from the MLSCV is deemed reliable, but not guaranteed.  The analysis of the data is the opinion of the author and is not the opinion of the source from which it was derived.  Consult your real estate professional for their own opinion before making any decision to buy or sell real estate.  If you do not have real estate professional contact us.

 

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Catawba County NC Property Tax Information

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The current ad volerom or property tax rate for real estate and other titled property (vehicles, watercraft, etc.) in Catawba County is (.53 ).  That’s expressed as mill rate, or per thousand of assessed value.  That is only one component of the combined rate.  The combined rate includes the county’s rate plus a municipal or fire district rate.  For example a property located in both Catawba County and the City of Hickory would have a current combined rate of .53 plus .50, or $1.03 per hundred dollars of value.  If this property has an assessed valued of $200,000 the formula for determining “how much” is to divide 200,000 by 100, then multiply the quotient by $1.03.  There are 2,000 hundreds in $200,000 so in this example the property’s taxes for the year are 2,000 x $1.03, or $2,060.  For comparison purposes there is an example of the anuual taxes for owning real estate valued at $200,000 in each of the municipalities listed below.

2012 Catawba County Tax Rates

Catawba County is .53 per thousand,  levied per hundred.  Municipal rates are:

  • Hickory .50          $2,060
  • Brookford . 52     $2,100
  • Catawba .48         $2,020
  • Claremont .46      $1,980
  • Conover .40         $1,860
  • Long View .40     $1,860
  • Maiden .38           $1,820
  • Newton .48          $2,020

Fire district rates apply to properties that are not located within city or town limits of the municipalities listed above.   These rates rang from .0546 to .07 and were not listed to avoid excessive detail.  If you need to know fire district tax rates:

Click here to download a pdf containing all Catawba County tax rates.

About Tax Rates

In North Carolina tax rates in counties and their underlying municipalities are required to be set by June 30th.  If there is any change in tax rates it will be known by this deadline.  Tax bills are usually mailed in July and include discounts for  payments made by certain times prior to December 31st.

The Machinery Act

In North Carolina counties and their underlying municipalities must reevaluate property values no less than every eight years.  Catawba County has demonstrated a trend of conducting reevaluations every fours years, with their most recent occurring in 2011 and their next scheduled for 2015.

 

 

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Greater Hickory Metro Residential Real Estate Trends March 2011

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RankingsOnce again Caldwell County led the way with just over 12% of all available inventory under contract.  Most notable is that all counties posted gains over last month, signaling the arrival of the home selling season.  Hildebran, Sherrills Ford, Hudson, Hickory, and Granite Falls comprise the top top 5 sub-markets this month.  Banks (REO) continue to far outpace all other owners.

To review, our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”).  The scope of the analysis is the Greater Hickory Metro and its largest sub-markets.  Sub-markets are based on zip code.  Hickory’s zip codes 28601 and 28602 are filtered by county.  The counties and sub-markets are ranked according to their percentage of pending homes sales.

This month’s rankings are available for download (PDF) by clicking this link: Pending-Home-Sales-03-27-2011.

We invite you to subscribe to our blog for updates on real estate trends and other news of local interest.  Better yet, lend your own perspective by leaving your comments below.  Thank you for participating!

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Greater Hickory Metro Residential Real Estate Trends February 2011

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Buoyed by the momentum of neighborhoods in Hickory, Lenoir, and Hudson, Caldwell County once again ranks as the best overall residential real estate market in the region.  Alexander County made the biggest gain.  Catawba County gave up one spot.  Burke County slipped to last place at it appears there’s no momentum on the Western front.

To review, our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”).  The scope of the analysis is the Greater Hickory Metro and its largest sub-markets.  Sub-markets are based on zip code.  Hickory’s zip codes 28601 and 28602 are filtered by county.  The counties and sub-markets are ranked according to their percentage of pending homes sales.

This month’s report contains a new dimension of analysis. ….bank owned properties (REO) versus non-institutional ownership.  Due to time constraints I was only able to compare this at the regional market level.  This month’s rankings are available for download (PDF) by clicking this link: Pending-Home-Sales-02-24-2011 .

We invite you to subscribe to our blog for updates on real estate trends and other news of local interest.  Better yet, lend your own perspective by leaving your comments below.  Thank you for participating!

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Greater Hickory Metro Residential Real Estate Trends January 2011

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The North shore of Lake Hickory and  the neighborhoods adjoining it have the unusual distinction of ranking as both  the best and worst sub-markets in the region.  How can this be?  We don’t have  all the answers but we do have analysis that supports this anomaly.  The Grace  Chapel area of Southern Caldwell County is currently outperforming all other  sub-markets in the region.  Its performance is so strong it parlayed  Caldwell County to the top of the county rankings.  Just a little  further East, in the Bethlehem area, the market barely has a pulse.

Our methodology compares unsold home inventory with homes that have a contract for eminent sale (status “pending”).  The scope of the analysis is the Greater Hickory Metro and its largest sub-markets.  Sub-markets are based on zip code.  Hickory’s zip codes 28601 and 28602 are filtered by county.  The counties and sub-markets are ranked according to their percentage of pending homes sales

All markets are dynamic and the rankings are subject to change.  Therefore we will update our  rankings periodically.  This month’s analysis and ranking is available  for download (PDF) by clicking this link:  Pending-Home-Sales-01-27-2011.

We invite you to subscribe to our blog  for updates on real estate trends and other  news of local interest.  Better yet, lend your own perspective by  leaving your comments below.  Thank you for  participating!

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