Grand Strand Market Report April 2013 Single Family Residential Sales Surge in April while sales prices maintain modest gains. Despite a lack of spring weather, Single Family Residential (SFR) sales activity remained hot in April. During the month, SFR sales volume increased sharply as sales were up 31.5% from prior year levels. April’s sales production was the best month in SFR activity since 2007. Year to date (YTD), SFR sales are up 19.5% from 2012 levels. The median sales price of SFR sales continued to show signs of stabilization as the 2013 median sales price is 3.1% better than 2012. As SFR sales continue to improve, more SFR homes continue to come back onto the market. During April, SFR inventory remains about 5.9% above its prior year level. It is anticipated that SFR inventory will grow in May before making its seasonal decline. Counter to the growth in SFR inventory, distressed SFR inventory continues to decline, down 29.9% from its prior year level. Condo inventory continue to decline as total and distressed inventories are down 10.9% and 38.6%, respectively. Condo sales activity remained flat to April, 2012 levels. YTD, condo sales are up 7.9% from 2012. The median sales price of condos remained stable in April as the 2013 YTD median sales price is flat with 2012. Residential lot sales activity continues to decline as sales are down 14.6% and sales prices are up slightly to $36,000.
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Contents Active Inventory
2
SFR Inventory Trends
3
Condo Inventory Trends
4
Closed Sales – SFR
5
Avg. Sales Price – SFR
6
Median Sales Price – SFR
7
Median Sales Price – SFR (Distressed & Non-Distressed)
8
Median Sales Price – SFR (Cash & Conventional Transactions)
9
SFR Sales – (% Cash vs. % Conventional)
10
Sales to List Price Ratio – SFR
11
Closed Sales – Condo
12
Avg. Sales Price – Condo
13
Median Sales Price – Condo
14
Median Sales Price–Condo (Distressed & Non-Distressed)
15
Median Sales Price – Condo (Cash & Conventional Transactions)
16
Condo Sales – (% Cash vs. % Conventional)
17
Sales to List Price Ratio – Condo
18
Closed Sales – Residential Lot
19
Avg. Sales Price – Residential Lot
20
Median Sales Price – Residential Lot
21
Median Sales Price – Res. Lot (Non-Distressed)
22
Sold to List Price Ratio – Residential Lot
23
Distressed Inventory
24
Distressed Sales
25
Grand Strand Active Inventory Single Family Residential
Condo/Townhome # Listings
# Listings Horry Co.
Horry Co.
4,104
Georgetown Co. Total
3,873
Georgetown Co.
870
Residential Lot Horry Co.
421
Total
4,974
# Listings 1,666
Georgetown Co.
759 Total
4,294
2,425
Average List Price
$330,198
Average List Price
$187,130
Average List Price
$128,337
Median List Price
$224,900
Median List Price
$134,900
Median List Price
$60,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,131
84
Less than $100k
$150k - $250k
1,515
194
$250k - $500k
1,105
315
$500k - $1.0 MM $1 MM +
255 98
Horry Co.
G’town Co.
1,282
43
$100k - $150k
995
110
$150k - $200k
613
69
$200k - $400k
748
101
159 118
$400k -$750k
190
65
$750+
45
33
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
288
76
$25k - $50k
594
87
$50k - $75k
244
81
$75k-100k
160
109
$100k-175k
171
148
$175k -250k
92
126
$250k+
117
132
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,600 April 2011 4,996
5,200
5,000
April 2012 4,697
4,800 4,600
April 2013 4,974
4,400 4,200 4,000
Grand Strand SFR Distressed Inventory 950 Number of Distressed Listings
Number of Listings
5,400
900 850 800 750
April 2011 851
700 650
April 2012 819
April 2013 574
600 550 500
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3
Grand Strand Condo Inventory Trends Grand Strand Condo Inventory April 2011 5,048
5,500 5,000 4,500
April 2012 4,748
4,000
April 2013 4,231
3,500
Grand Strand Condo Distressed Inventory 1,100 Number of Distressed Listings
Number of Listings
6,000
1,000 900 800
April 2011 889
700
April 2012 822
600 April 2013 505
500
400
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4
Sep-06 Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08 Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13
Jul-06
550 500 450 400 350 300 250 200 150 100 May-06
Mar-06
Jan-06
Number of SFR Sales
Closed Sales - SFR
April Year to Date
443
331 337
2011 2012 2013
1,134 1,225
2011 2012
Research performed by SiteTech Systems
1,469
2013
Historical SFR Sales Activity
March 2006 500 April 2013 443
January 2009 149
5
Average Sales Price - SFR April
Year to Date $231,557
$226,506
$226,377
$223,753
$210,335 $216,024
2011
2012
2013
2011
2012
2013
Historical SFR Average Sale Prices March 2007 $346,428
$350,000
December 2010 $202,330
$300,000
April 2013 $231,577
$250,000 $200,000
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6
Apr-13
Jan-13
Oct-12
Jul-12
Apr-12
Jan-12
Oct-11
Jul-11
Apr-11
Jan-11
Oct-10
Jul-10
Apr-10
Jan-10
Oct-09
Jul-09
Apr-09
Jan-09
Oct-08
Jul-08
Apr-08
Jan-08
Oct-07
Jul-07
Apr-07
Jan-07
Oct-06
Jul-06
Apr-06
$150,000 Jan-06
Average Sales Price
$400,000
Median Sales Price - SFR Year to Date
April $175,000
$175,000 $165,000
$165,000
2011
2012
$170,000
$169,790
2011
2012
2013
2013
Historical SFR Median Sale Prices June 2006 $242,310
$250,000
$230,000 $220,000 $210,000 $200,000
April 2013 $175,000
$190,000 $180,000 $170,000
January 2011 $160,500
$160,000
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7
Apr-13
Jan-13
Oct-12
Jul-12
Apr-12
Jan-12
Oct-11
Jul-11
Apr-11
Jan-11
Oct-10
Jul-10
Apr-10
Jan-10
Oct-09
Jul-09
Apr-09
Jan-09
Oct-08
Jul-08
Apr-08
Jan-08
Oct-07
Jul-07
Apr-07
Jan-07
Oct-06
Jul-06
Apr-06
$150,000 Jan-06
Median Sales Prices
$240,000
Median Sales Price – SFR Distressed & Non-Distressed $220,000
$200,000
$180,000
Median Sales Price
$160,000
Distressed Sales Median Sales Price Non-Distressed Sales Median Sales Price
$140,000
$120,000
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Apr-13
Mar-13
Feb-13
Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
$100,000
8
Median Sales Price – SFR Cash & Conventional Transactions $195,000
$185,000
$175,000
$165,000
Median Sales Price Cash Median Sales Price
$155,000
Conventional Median Sales Price $145,000
$135,000
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Apr-13
Mar-13
Feb-13
Jan-13
Dec-12
Nov-12
Oct-12
Sep-12
Aug-12
Jul-12
Jun-12
May-12
Apr-12
Mar-12
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
$125,000
9
SFR Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
Cash % of Closed Sales
50.0%
Conventional % of Closed Sales 40.0%
30.0%
20.0%
Research performed by SiteTech Systems
10
Sold to List Price Ratio - SFR April
Year to Date 92%
91%
92% 90% 87%
86%
2011
2012
2011
2013
2012
2013
January 2006 98%
100 98 96 94 92 90 88 86 84 82 80
April 2013 92%
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11
Apr-13
Jan-13
Oct-12
Jul-12
Apr-12
Jan-12
Oct-11
Jul-11
Apr-11
Jan-11
Oct-10
Jul-10
Apr-10
Jan-10
Oct-09
Jul-09
Apr-09
Jan-09
Oct-08
Jul-08
Apr-08
Jan-08
Oct-07
Jul-07
Apr-07
Jan-07
Oct-06
Jul-06
Apr-06
May 2009 & April 2011 86% Jan-06
Sold to List Ratio
Historical SFR Sold to List Ratios
Research performed by SiteTech Systems Mar-13
Jan-13
400
Nov-12
April 2007 448
Sep-12
Jul-12
May-12
2012
Mar-12
2011
Jan-12
1,191
Nov-11
1,192
Sep-11
Jul-11
May-11
Mar-11
Jan-11
Nov-10
Sep-10
Jul-10
100 May-10
April
Mar-10
2013
Jan-10
2012
Nov-09
353
Sep-09
355
Jul-09
150
May-09
Mar-09
Jan-09
Nov-08
Sep-08
Jul-08
2011
May-08
Mar-08
Jan-08
Nov-07
Sep-07
450
Jul-07
500
May-07
Mar-07
Jan-07
Number of Sales
Closed Sales - Condo Year to Date 1,285
371
2013
Historical Condo Sales Activity April 2013 353
350
300
250
200
January 2009 117
12
Average Sales Price - Condo April
Year to Date $142,969
$136,793 $133,552 $130,662
2011
2012
$132,977
$131,668
2011
2013
2012
2013
Historical Condo Average Sales Prices June 2007 $348,053
$350,000
$250,000 April 2013 $130,662
December 2010 $105,000
$200,000 $150,000 $100,000
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13
Mar-13
Jan-13
Nov-12
Sep-12
Jul-12
May-12
Mar-12
Jan-12
Nov-11
Sep-11
Jul-11
May-11
Mar-11
Jan-11
Nov-10
Sep-10
Jul-10
May-10
Mar-10
Jan-10
Nov-09
Sep-09
Jul-09
May-09
Mar-09
Jan-09
Nov-08
Sep-08
Jul-08
May-08
Mar-08
Jan-08
Nov-07
Sep-07
Jul-07
May-07
Mar-07
$50,000 Jan-07
Average Sales Price
$300,000
Median Sales Price - Condo April
Year to Date
$105,000
$115,000 $104,625
$100,000
2011
2012
2013
$103,000
$103,000
2012
2013
2011
$250,000 $230,000 $210,000 $190,000 $170,000 $150,000 $130,000 $110,000 $90,000 $70,000 $50,000
April 2013 $100,000
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14
Mar-13
Jan-13
Nov-12
Sep-12
Jul-12
May-12
Mar-12
Jan-12
Nov-11
Sep-11
Jul-11
May-11
Mar-11
Jan-11
Nov-10
Sep-10
Jul-10
May-10
Mar-10
Jan-10
Nov-09
Sep-09
Jul-09
May-09
Mar-09
Jan-09
Nov-08
Sep-08
Jul-08
May-08
Mar-08
Jan-08
Nov-07
Sep-07
Jul-07
May-07
Mar-07
November 2011 $93,450 Jan-07
Median Sales Price
Historical Condo Median Sales Prices June 2007 $249,921
Median Sales Price – Condo Distressed & Non-Distressed $150,000
$140,000
$130,000
$120,000
$110,000
Median Sales Price Distressed Sales Median Sales Price
$100,000
Non-Distressed Sales Median Sales Price
$90,000
$80,000
$70,000
$60,000
Research performed by SiteTech Systems
15
Median Sales Price – Condo Cash & Conventional Transactions $180,000
$160,000
$140,000
Cash Median Sales Price
$120,000
Conventional Median Sales Price Median Sales Price
$100,000
$80,000
$60,000
Research performed by SiteTech Systems
16
Condo Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
Cash % of Closed Sales
40.0%
Conventional % of Closed Sales
30.0%
20.0%
10.0%
0.0%
Research performed by SiteTech Systems
17
Research performed by SiteTech Systems 18
Mar-13
Jan-13
90
Nov-12
Sep-12
Jul-12
May-12
Mar-12
2012
Jan-12
90%
Nov-11
2011
Sep-11
87%
Jul-11
87%
May-11
Mar-11
Jan-11
Nov-10
Sep-10
2013
Jul-10
87%
May-10
Mar-10
April
Jan-10
Nov-09
Sep-09
Jul-09
May-09
Mar-09
Jan-09
2012
Nov-08
89%
Sep-08
80
Jul-08
May-08
2011
Mar-08
Jan-08
95
Nov-07
100
Sep-07
Jul-07
May-07
Mar-07
Jan-07
Sold to List Ratio
Sold to List Price Ratio - Condo Year to Date
89%
2013
Historical Condo Sold to List Ratio
April 2007 95% April 2013 90%
85
April & May 2009 81%
75
April 136
65
2012
88
220
2013
2011
Research performed by SiteTech Systems 2012
150
January 2009 11
Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13
2011
Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11
100
Sep-06 Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08
300
Jan-06 Mar-06 May-06 Jul-06
Number of sales
Closed Sales – Residential Lot Year to Date 362 309
2013
Historical Residential Lot Sales Activity
April 2006 266
250
200
April 2013 88
50
0
19
Average Sales Price – Residential Lot April
Year to Date
$76,104
$104,223
$69,278
$68,614 $51,684
2011
$64,331
2012
2011
2013
2012
2013
Historical Residential Lot Average Sale Prices July 2008 $275,614
$250,000 $200,000
April 2013 $68,614
October 2011 $35,780
$150,000 $100,000 $50,000
Research performed by SiteTech Systems
20
Apr-13
Jan-13
Oct-12
Jul-12
Apr-12
Jan-12
Oct-11
Jul-11
Apr-11
Jan-11
Oct-10
Jul-10
Apr-10
Jan-10
Oct-09
Jul-09
Apr-09
Jan-09
Oct-08
Jul-08
Apr-08
Jan-08
Oct-07
Jul-07
Apr-07
Jan-07
Oct-06
Jul-06
Apr-06
$0 Jan-06
Average Sales Prices
$300,000
Median Sales Price – Residential Lot April
Year to Date $38,000
$43,500
$40,500
$36,000
$30,125
$33,500
2011
2012
2013
2011
2012
2013
Historical Residential Lot Median Sale Prices August 2006 $130,000
$120,000 $100,000
April 2013 $40,500
$80,000 November 2011 $15,000
$60,000
$40,000 $20,000
Research performed by SiteTech Systems
21
Apr-13
Jan-13
Oct-12
Jul-12
Apr-12
Jan-12
Oct-11
Jul-11
Apr-11
Jan-11
Oct-10
Jul-10
Apr-10
Jan-10
Oct-09
Jul-09
Apr-09
Jan-09
Oct-08
Jul-08
Apr-08
Jan-08
Oct-07
Jul-07
Apr-07
Jan-07
Oct-06
Jul-06
Apr-06
$0 Jan-06
Median Sales Prices
$140,000
Median Sales Price – Res. Lot (Non-Distressed) April
Year to Date
$55,250
$74,900
$60,000
$49,940
$50,000
$47,450
2011
2012
2013
2011
2012
2013
Median Sales Prices
Historical Residential Lot Median Sale Prices (Non-Distressed) $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
January 2011 $85,000
April 2013 $49,940
October 2011 $23,250
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22
72% 67%
2012 2013 2011
50
Research performed by SiteTech Systems Mar-11 May-11 Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13
April
Jan-09 Mar-09 May-09 Jul-09 Sep-09 Nov-09 Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11
2011
Nov-06 Jan-07 Mar-07 May-07 Jul-07 Sep-07 Nov-07 Jan-08 Mar-08 May-08 Jul-08 Sep-08 Nov-08
80
Jan-06 Mar-06 May-06 Jul-06 Sep-06
Sold to List Ratios
Sold to List Price Ratio – Residential Lot Year to Date
80% 78%
72% 68%
2012 2013
Historical Residential Lot Sold to List Ratios
100
90
April 2006 99% April 2013 80%
70
60
November 2011 47%
40
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot
# Listings
# Listings
Horry Co.
507
Horry Co.
471
Horry Co.
214
Georgetown Co.
67
Georgetown Co.
34
Georgetown Co.
82
Total
Total
574
505
Total
296
Average List Price
$189,270
Average List Price
$120,100
Average List Price
$68,496
Median List Price
$144,950
Median List Price
$92,900
Median List Price
$35,750
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
284
24
$150k - $250k
131
23
$250k - $500k
74
15
$500k - $1.0 MM
16
5
$1 MM +
2
-
Horry Co.
G’town Co.
Less than $100k
273
110
$100k - $150k
89
9
$150k - $200k
52
5
$200k - $400k
49
8
$400k -$750k
8
2
$750+
-
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
71
22
$25k - $50k
80
14
$50k - $75k
29
9
$75k-100k
10
13
$100k-175k
16
13
$175k -250K
3
7
$250K +
5
4
24
Distressed Sales SFR
Total
Apr12
Jun
Aug
Oct
Dec
Feb
Apr13
Condo
Apr12
Jun
Aug
Oct
Feb
Apr13
% Total Sales 28 28 29 29 29 29
Apr12
Dec
Jun
Aug
Oct
Dec
Feb
Apr13
Apr12
Jun
Research performed by SiteTech Systems
Aug
23 25 25
Oct
Dec
27 28
Feb
24
26
Apr13
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
April 2013
Quick Facts
The S&P/Case-Shiller Home Price Index recently showed that home prices in 20 major metropolitan areas had increased at the strongest pace since the bubble years. At long last, major national indices are telling the story that local MLS data users have known for months or even years. Yes, the housing market is recovering. The recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up. New Listings in the Coastal Carolinas region were up 16.3 percent for detached homes and 8.9 percent for condos. Pending Sales increased 52.6 percent for singlefamily homes and 11.7 percent for condos. The Median Sales Price was up 4.4 percent to $164,950 for single-family properties but decreased 13.4 percent to $100,000 for condo units. Months Supply of Inventory decreased 25.5 percent for single-family units and 27.1 percent for townhouse-condo units. The prickliest thorns in our collective side are still lack of inventory and subdued listing activity. In some neighborhoods, consumers have 50 or 60 percent fewer options from which to choose than they did a few years ago. That's causing bidding wars in popular areas. Despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.
+ 15.9%
+ 30.5%
+ 0.6%
Change in Closed Sales All Properties
Change in Closed Sales Single-Family Only
Change in Closed Sales Condo Only
Single-Family Market Overview Condo Market Overview New Listings Pending Sales Closed Sales Days On Market Until Sale Median Sales Price Average Sales Price Percent of List Price Received Housing Affordability Index Inventory of Homes for Sale Months Supply of Inventory
2 3 4 5 6 7 8 9 10 11 12 13
Click on desired metric to jump to that page.
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1
Single-Family Market Overview Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.
Key Metrics
Historical Sparklines
New Listings 4-2010
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
3,420
+ 13.7%
435
664
+ 52.6%
1,657
2,127
+ 28.4%
370
483
+ 30.5%
1,326
1,599
+ 20.6%
175
165
- 5.6%
180
167
- 7.2%
$158,000
$164,950
+ 4.4%
$160,508
$165,000
+ 2.8%
$193,856
$218,551
+ 12.7%
$203,178
$211,727
+ 4.2%
95.1%
95.5%
+ 0.4%
95.1%
95.3%
+ 0.3%
154
156
+ 2.2%
154
156
+ 2.2%
4,306
4,000
- 7.1%
--
--
--
11.8
8.8
- 25.5%
--
--
--
4-2013
Months Supply of Homes for Sale 4-2010
3,007
4-2013
Inventory of Homes for Sale 4-2010
+ 16.3%
4-2013
Housing Affordability Index 4-2010
858
4-2013
Percent of List Price Received 4-2010
738
4-2013
Average Sales Price 4-2010
+/–
4-2013
Median Sales Price 4-2010
YTD 2012 YTD 2013
4-2013
Days on Market Until Sale 4-2010
+/–
4-2013
Closed Sales 4-2010
4-2013
4-2013
Pending Sales 4-2010
4-2012
4-2013
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
Condo Market Overview Key market metrics for the current month and year-to-date figures for Condo Properties Only.
Key Metrics
Historical Sparklines
New Listings 4-2010
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
4-2011
4-2012
2,604
+ 0.5%
427
477
+ 11.7%
1,472
1,576
+ 7.1%
355
357
+ 0.6%
1,191
1,286
+ 8.0%
170
157
- 7.6%
174
172
- 1.0%
$115,500
$100,000
- 13.4%
$103,000
$102,000
- 1.0%
$143,335
$130,387
- 9.0%
$132,778
$133,601
+ 0.6%
94.7%
94.1%
- 0.6%
93.5%
94.0%
+ 0.5%
207
241
+ 6.9%
207
241
+ 6.9%
4,218
3,520
- 16.5%
--
--
--
14.0
10.2
- 27.1%
--
--
--
4-2013
Months Supply of Homes for Sale 4-2010
2,591
4-2013
Inventory of Homes for Sale 4-2010
+ 8.9%
4-2013
Housing Affordability Index 4-2010
673
4-2013
Percent of List Price Received 4-2010
618
4-2013
Average Sales Price 4-2010
+/–
4-2013
Median Sales Price 4-2010
YTD 2012 YTD 2013
4-2013
Days on Market Until Sale 4-2010
+/–
4-2013
Closed Sales 4-2010
4-2013
4-2013
Pending Sales 4-2010
4-2012
4-2013
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
New Listings A count of the properties that have been newly listed on the market in a given month.
April
Year to Date
858
3,420 3,177
740
738
3,007
732
2,762
673
2,591
618
2011
2012
2013
-0.3%
+16.3%
Single-Family
2011
2012
2013
-15.6%
+8.9%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
807
+ 17.5%
596
+ 7.6%
June
755
+ 2.7%
504
- 15.4%
July
690
+ 6.5%
519
- 5.3%
August
755
+ 6.3%
498
- 10.8%
Month
2012
2013
-5.4%
+13.7%
Single-Family
2011
2,604
September
694
+ 15.3%
457
- 9.3%
October
732
+ 15.8%
547
+ 0.9%
November
666
+ 10.1%
468
- 16.1%
December
506
+ 10.7%
338
- 23.7%
January
870
+ 13.9%
711
+ 1.0%
February
792
+ 12.7%
615
+ 1.0%
March
900
+ 12.2%
605
- 8.3%
2012
2013
April
858
+ 16.3%
673
+ 8.9%
-6.2%
+0.5%
Total
9,025
+ 11.7%
6,630
- 5.7%
Condo
Historical New Listing Activity
Single-Family
Condo
1,250
1,000
750
500
+
250
0 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Pending Sales A count of the properties on which contracts have been accepted in a given month.
April
Year to Date 664 2,127
477 435
2011
1,657
427
387
1,576
1,448
1,375
376
2012
2013
+12.4%
+52.6%
Single-Family
2011
2012
2013
+13.6%
+11.7%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
476
+ 23.6%
356
+ 12.7%
June
465
+ 28.1%
341
+ 22.7%
July
439
+ 10.9%
343
+ 26.6%
August
462
+ 29.8%
351
+ 6.4%
September
409
+ 19.6%
347
+ 32.4%
October
465
+ 40.1%
336
+ 30.2%
November
340
+ 14.5%
258
+ 9.8%
December
290
+ 10.7%
228
+ 18.8%
January
440
+ 29.0%
352
+ 13.9%
February
445
+ 8.3%
347
+ 2.4%
Month
2012
2013
+14.4%
+28.4%
Single-Family
2011
1,472
March
578
+ 23.0%
400
+ 0.8%
2012
2013
April
664
+ 52.6%
477
+ 11.7%
+7.1%
+7.1%
Total
5,473
+ 24.7%
4,189
+ 14.4%
Condo
Historical Pending Sales Activity
Single-Family
Condo
1,250
1,000
750
500
+
250
0 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Closed Sales A count of the actual sales that have closed in a given month.
April
Year to Date 1,599 483 1,326
1,286
1,223 366
2011
373
370
2012
2013
+1.1%
+30.5%
Single-Family
2011
1,201
1,191
357
355
2012
2013
-4.8%
+0.6%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
431
+ 19.7%
405
+ 14.7%
June
457
+ 12.8%
393
+ 10.7%
July
452
+ 29.5%
312
+ 9.9%
August
468
+ 19.4%
356
+ 23.2%
Month
2012
2013
+8.4%
+20.6%
Single-Family
2011
September
403
+ 14.2%
292
- 2.0%
October
435
+ 26.8%
362
+ 36.6%
November
428
+ 27.0%
333
+ 39.3%
December
410
+ 26.9%
276
+ 6.6%
January
339
+ 24.2%
257
+ 22.4%
February
350
+ 18.2%
324
+ 19.6%
March
427
+ 10.3%
348
- 2.0%
2012
2013
April
483
+ 30.5%
357
+ 0.6%
-0.8%
+8.0%
Total
5,083
+ 21.4%
4,076
+ 14.1%
Condo
Historical Closed Sales Activity
Single-Family
Condo
1,250
1,000
750
500
+
250
0 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month.
April 182
Year to Date 181
175 165
171
180
174
170
174
167
172
157
2011
2012
2013
-3.8%
-5.6%
Single-Family
2011
2012
2013
-1.0%
-7.6%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
182
+ 12.8%
170
- 9.3%
June
176
- 4.4%
183
- 0.2%
July
162
- 11.3%
169
- 8.5%
August
172
- 1.0%
171
- 2.8%
September
149
- 16.1%
166
- 15.3%
October
157
- 21.3%
182
- 6.8%
November
156
- 14.2%
187
+ 10.7%
Month
2012
2013
-0.5%
-7.2%
Single-Family
2011
December
171
- 3.3%
198
+ 20.0%
January
163
- 11.2%
188
+ 2.9%
February
171
- 7.7%
173
- 5.7%
March
168
- 5.2%
175
+ 5.8%
2012
2013
April
165
- 5.6%
157
- 7.6%
-0.2%
-1.0%
Total
166
- 7.5%
177
- 1.8%
Condo
Historical Days on Market Until Sale
Single-Family
Condo
400 350 300 250 200 150
+
100 50 0 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7
Median Sales Price Median price point for all closed sales, not accounting for seller concessions, in a given month.
April
Year to Date $164,950
$163,000 $160,508
$157,950 $158,000
$165,000
$115,500 $100,000
2011
2012
2013
+0.0%
+4.4%
2011
Single-Family
$105,000 $103,000 $102,000
$100,000
2012
2013
+15.5%
-13.4%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
162,000
+ 1.3%
105,000
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
July
165,500
+ 2.0%
95,000
- 13.6%
August
166,000
+ 2.2%
102,897
+ 3.0%
September
154,900
- 5.7%
102,000
- 6.2%
October
159,900
- 4.5%
103,000
- 1.9%
November
155,000
- 1.3%
104,500 + 13.6%
Month
2012
2013
-1.5%
+2.8%
Single-Family
2011
2012
2013
-1.9%
-1.0%
December
164,505
+ 1.4%
110,000
+ 2.3%
January
159,900
0.0%
96,000
+ 2.7%
February
170,550
+ 0.1%
110,000 + 15.8%
March
165,000
+ 3.1%
100,000
- 3.0%
April
164,950
+ 4.4%
100,000
- 13.4%
Median
162,265
- 1.1%
105,000
- 3.4%
Condo
Historical Median Sales Price
Single-Family
Condo
$275,000 $250,000 $225,000 $200,000 $175,000 $150,000
+
$125,000 $100,000 $75,000 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 8
Average Sales Price Average sales price for all closed sales, not accounting for seller concessions, in a given month.
April
Year to Date $218,551
$212,607
$209,163
$211,727 $203,178
$193,856
$143,335
2011
2012
2013
- 7.3%
+ 12.7%
2011
Single-Family
$135,730 $132,778 $133,601
$130,387
$129,679
2012
2013
+ 10.5%
- 9.0%
2011
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
201,343
+ 2.5%
143,856
- 3.7%
June
215,184
- 4.5%
142,841
- 2.6%
Month
2012
2013
- 4.4%
+ 4.2%
Single-Family
2011
2012
2013
- 2.2%
+ 0.6%
July
205,259
+ 0.9%
136,806
- 5.8%
August
208,036
+ 6.4%
129,716
+ 5.1%
September
188,745
- 9.1%
128,539
- 6.6%
October
197,199
- 10.3%
133,098
- 13.7%
November
194,732
- 5.3%
133,763
+ 1.3%
December
205,273
- 7.2%
146,123
+ 9.9%
January
202,441
- 0.4%
134,025
+ 8.7%
February
210,081
+ 2.4%
138,660
+ 7.2%
March
212,642
+ 1.0%
131,839
+ 1.1%
April
218,551 + 12.7%
130,387
- 9.0%
Average
189,999
135,957
- 1.3%
- 0.5%
Condo
Historical Average Sales Price
Single-Family
Condo
$350,000
$300,000
$250,000
$200,000
+
$150,000
$100,000 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 9
Percent of List Price Received Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.
April
93.9%
2011
Year to Date
95.1%
95.5%
2012
2013
+1.3%
+0.4%
Single-Family
93.8%
2011
94.7%
94.4%
94.1%
2012
2013
+1.0%
-0.6%
2011
Condo
95.1%
95.3%
2012
2013
+0.7%
+0.3%
Single-Family
93.8%
2011
93.5%
94.0%
2012
2013
-0.3%
+0.5%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
95.3%
+ 1.5%
93.7%
- 0.1%
June
96.1%
+ 1.9%
93.9%
+ 0.6%
July
94.9%
+ 0.6%
94.3%
+ 2.6%
August
94.6%
+ 0.7%
93.9%
- 1.1%
September
94.8%
+ 0.1%
94.0%
+ 0.9%
October
95.7%
+ 1.5%
93.9%
+ 2.1%
November
95.6%
+ 1.5%
93.6%
- 0.1%
December
95.4%
+ 1.4%
94.2%
+ 1.1%
January
95.1%
- 0.5%
93.9%
+ 1.4%
February
94.4%
- 1.0%
94.0%
+ 0.8%
March
96.0%
+ 1.6%
93.9%
+ 1.0%
April
95.5%
+ 0.4%
94.1%
- 0.6%
Average
91.4%
+ 2.6%
89.1%
+ 1.7%
Condo
Historical Percent of List Price Received
Single-Family
Condo
100%
98%
96%
94%
+
92%
90% 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 10
Housing Affordability Index This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
April
Year to Date
241 206
154
2011
241
207
206
156
154
138
207
156
138
2012
2013
+21.7%
+2.2%
Single-Family
2011
2012
2013
+16.9%
+6.9%
Condo
2011
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
153
+ 12.1%
225
+ 0.6%
June
157
+ 10.7%
219
+ 15.6%
July
153
+ 22.5%
246
+ 16.8%
August
152
+ 11.1%
232
+ 25.3%
Month
2012
2013
+21.7%
+2.2%
Single-Family
2011
2012
2013
+16.9%
+6.9%
September
163
+ 7.7%
237
+ 7.1%
October
158
+ 15.2%
234
+ 15.1%
November
163
+ 14.5%
233
+ 11.7%
December
157
+ 11.0%
226
+ 0.1%
January
161
+ 9.5%
250
+ 8.7%
February
150
+ 9.2%
222
+ 6.9%
March
154
+ 3.9%
238
- 6.7%
April
156
+ 2.2%
241
+ 6.9%
Average
156
+ 10.8%
234
+ 9.0%
Condo
Historical Housing Affordability Index
Single-Family
Condo
275 250 225 200 175 150
+
125 100 75 1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 11
Inventory of Homes for Sale The number of properties available for sale in active status at the end of a given month.
April
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
4,289
- 10.9%
4,182
- 11.5%
June
4,280
- 11.1%
4,063
- 13.5%
July
4,204
- 10.8%
3,975
- 14.3%
August
4,211
- 9.9%
3,885
- 14.5%
September
4,198
- 8.0%
3,732
- 16.5%
October
4,088
- 9.8%
3,661
- 17.5%
November
4,102
- 9.1%
3,634
- 18.4%
December
3,952
- 6.9%
3,479
- 19.1%
January
4,051
- 6.1%
3,575
- 18.4%
February
4,145
- 3.9%
3,630
- 17.3%
March
4,131
- 4.1%
3,589
- 17.5%
April
4,000
- 7.1%
3,520
- 16.5%
Average
3,193
- 7.6%
3,602
- 16.4%
Month
4,873
4,754 4,306
4,218
4,000
3,520
2011
2012 -11.6%
2011
2013
2012 -11.3%
-7.1%
Single-Family
2013 -16.5%
Condo
Historical Inventory of Homes for Sale
Single-Family
Condo
6,500
5,500
4,500
3,500
+ 2,500
1,500
500 1-2004
1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 12
Months Supply of Inventory The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
April
SingleFamily
YoY Chg.
Condo
YoY Chg.
May
11.5
- 21.8%
14
- 12.0%
June
11.2
- 23.0%
13.1
- 16.5%
Month
15.8
15.2
14.0 11.8 10.2 8.8
2011
2012 -22.6% Single-Family
2011
2013 -25.5%
2012 -11.5% Condo
2013 -27.1%
July
10.9
- 22.1%
12.6
- 18.8%
August
10.7
- 22.4%
12.2
- 19.3%
September
10.5
- 20.7%
11.5
- 23.6%
October
9.9
- 24.3%
11.1
- 27.1%
November
9.9
- 24.0%
10.9
- 28.5%
December
9.5
- 22.2%
10.4
- 29.4%
January
9.5
- 22.2%
10.5
- 28.7%
February
9.7
- 19.6%
10.7
- 27.8%
March
9.5
- 20.6%
10.5
- 28.0%
April
8.8
- 25.5%
10.2
- 27.1%
Average
8.0
- 26.2%
10.3
- 26.9%
Historical Months Supply of Inventory
Single-Family
Condo
30
25
20
15
+ 10
5
0 1-2005
1-2006
1-2007
1-2008
1-2009
1-2010
1-2011
1-2012
1-2013
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 13
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
April 2013
Quick Facts
The spring market is here in full swing. Buyers are showing good turnout but too many sellers remain sidelined. That's creating a more competitive landscape for buyers. For the 12-month period spanning May 2012 through April 2013, Closed Sales in the Coastal Carolinas region were up 17.8 percent overall. The price range with the largest gain in sales was the $150,001 to $200,000 range, where they increased 19.4 percent. The overall Median Sales Price was down 0.4 percent to $139,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 1.1 percent to $162,265. The price range that tended to sell the quickest was the $150,000 and Below range at 158 days; the price range that tended to sell the slowest was the $300,001 and Above range at 214 days. Market-wide, inventory levels were down 11.8 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 7.1 percent. That amounts to 8.8 months supply for SingleFamily homes and 10.2 months supply for Condos.
+ 19.4%
+ 20.3%
+ 22.2%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$150,001 to $200,000
3 Bedrooms
Single-Family Homes
Closed Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory
2 3 4 5 6 7
Click on desired metric to jump to that page.
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1
Closed Sales A count of the actual sales that have closed. Based on a rolling 12-month total.
By Price Range 4-2012
By Property Type
By Bedroom Count
4-2013
4-2012
4-2012
4-2013 4,603
4-2013 4,485
4,886 3,826
3,785
3,670
4,093
3,351 2,635 2,274
1,342
1,355
1,603 794
923
921 569
1,588
1,070
618
+ 19.4%
+ 19.4%
+ 16.0%
+ 8.6%
+ 15.9%
+ 15.9%
+ 20.3%
+ 17.2%
+ 22.2%
+ 13.0%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
$150,000 and Below
4,093
4,886
+ 19.4%
1,727
2,166
+ 25.4%
2,366
2,720
+ 15.0%
$150,001 to $200,000
1,342
1,603
+ 19.4%
863
1,039
+ 20.4%
479
564
+ 17.7%
$200,001 to $250,000
794
921
+ 16.0%
535
633
+ 18.3%
259
288
+ 11.2%
$250,001 to $300,000
569
618
+ 8.6%
389
437
+ 12.3%
180
181
+ 0.6%
$300,001 and Above
923
1,070
+ 15.9%
674
808
+ 19.9%
249
262
+ 5.2%
7,721
9,098
+ 17.8%
3,670
4,485
+ 22.2%
3,351
3,785
+ 13.0%
All Price Ranges
By Bedroom Count
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
2 Bedrooms or Less
2,274
2,635
+ 15.9%
260
330
+ 26.9%
2,014
2,305
+ 14.4%
3 Bedrooms
3,826
4,603
+ 20.3%
2,700
3,303
+ 22.3%
1,126
1,300
+ 15.5%
4 Bedrooms or More
1,355
1,588
+ 17.2%
1,228
1,449
+ 18.0%
127
139
+ 9.4%
All Bedroom Counts
7,721
9,098
+ 17.8%
3,670
4,485
+ 22.2%
3,351
3,785
+ 13.0%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 2
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
By Price Range 4-2012
4-2012
211 170
158
4-2012
4-2013
182
185
4-2013
194
214
180
179
198
189 169
By Property Type
By Bedroom Count
4-2013
183
186
176
178
175 169
166
167
- 6.1%
- 9.8%
+ 1.6%
- 7.6%
+ 1.7%
- 3.4%
- 5.9%
- 4.2%
- 7.5%
- 2.0%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
$150,000 and Below
169
158
- 6.1%
170
151
- 11.2%
167
164
- 2.0%
$150,001 to $200,000
189
170
- 9.8%
175
153
- 12.7%
213
201
- 5.5%
$200,001 to $250,000
182
185
+ 1.6%
177
179
+ 1.5%
193
199
+ 2.7%
$250,001 to $300,000
198
183
- 7.6%
187
181
- 3.4%
229
190
- 16.9%
$300,001 and Above
211
214
+ 1.7%
212
209
- 1.1%
209
232
+ 10.9%
All Price Ranges
180
170
- 5.1%
179
166
- 7.5%
180
176
- 2.0%
By Bedroom Count
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
2 Bedrooms or Less
175
169
- 3.4%
179
155
- 13.4%
175
172
- 1.9%
3 Bedrooms
178
167
- 5.9%
174
160
- 8.5%
185
186
+ 0.5%
4 Bedrooms or More
194
186
- 4.2%
191
183
- 4.0%
225
214
- 4.9%
All Bedroom Counts
180
170
- 5.1%
179
166
- 7.5%
180
176
- 2.0%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 3
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
By Bedroom Count 4-2012
By Property Type 4-2012
4-2013
4-2013 $164,000
$252,000
$162,265
$252,500 $139,500
$139,000 $108,000
$150,000
$90,000
$105,000
$149,900
$90,000
0.0%
- 0.1%
+ 0.2%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 0.4%
All Properties
- 1.1%
All Properties
Single-Family Homes
Single-Family Homes
- 2.8% Condos
Condos
By Bedroom Count
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
2 Bedrooms or Less
$90,000
$90,000
0.0%
$90,700
$93,500
+ 3.1%
$90,000
$90,000
0.0%
3 Bedrooms
$150,000
$149,900
- 0.1%
$149,900
$147,500
- 1.6%
$157,500
$155,000
- 1.6%
4 Bedrooms or More
$252,000
$252,500
+ 0.2%
$250,000
$250,000
0.0%
$298,500
$287,000
- 3.9%
All Bedroom Counts
$139,500
$139,000
- 0.4%
$164,000
$162,265
- 1.1%
$108,000
$105,000
- 2.8%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4
Percent of List Price Received Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold, not accounting for seller concessions. Based on a rolling 12-month average.
By Price Range 4-2012
By Property Type
By Bedroom Count
4-2013
4-2012
4-2012
4-2013
4-2013 95.3%
96.1%
96.0%
95.8%
95.4% 95.1%
95.2%
95.1%
94.5%
94.6% 94.7%
94.6%
93.9%
93.9% 93.9%
93.3%
93.8%
93.3%
93.0%
93.4%
+ 0.5%
+ 1.1%
+ 1.3%
+ 0.8%
+ 1.0%
+ 0.3%
+ 0.8%
+ 1.3%
+ 0.8%
+ 0.6%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties
Single-Family Homes
Condos
By Price Range
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
$150,000 and Below
93.4%
93.9%
+ 0.5%
93.6%
94.3%
+ 0.7%
93.2%
93.6%
+ 0.4%
$150,001 to $200,000
95.1%
96.1%
+ 1.1%
95.7%
96.8%
+ 1.1%
93.9%
94.9%
+ 1.1%
$200,001 to $250,000
94.6%
95.8%
+ 1.3%
95.5%
96.5%
+ 1.0%
92.8%
94.4%
+ 1.7%
$250,001 to $300,000
95.2%
96.0%
+ 0.8%
96.0%
96.5%
+ 0.5%
93.0%
94.4%
+ 1.5%
$300,001 and Above
93.8%
94.7%
+ 1.0%
93.7%
94.6%
+ 1.0%
94.1%
95.2%
+ 1.2%
All Price Ranges
94.0%
94.7%
+ 0.7%
94.5%
95.3%
+ 0.8%
93.3%
93.9%
+ 0.6%
By Bedroom Count
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
2 Bedrooms or Less
93.0%
93.3%
+ 0.3%
91.4%
92.2%
+ 0.9%
93.2%
93.5%
+ 0.3%
3 Bedrooms
94.6%
95.4%
+ 0.8%
95.0%
95.7%
+ 0.7%
93.7%
94.6%
+ 1.0%
4 Bedrooms or More
93.9%
95.1%
+ 1.3%
93.9%
95.1%
+ 1.3%
93.5%
95.1%
+ 1.7%
All Bedroom Counts
94.0%
94.7%
+ 0.7%
94.5%
95.3%
+ 0.8%
93.3%
93.9%
+ 0.6%
All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
By Price Range 4-2012
By Property Type
By Bedroom Count
4-2013
4-2012
4-2012
4-2013
4-2013
3,757
3,667
4,306
3,301
4,218
4,000
2,997
3,520
2,703 2,257 1,934 1,396
1,844
1,809
1,722
1,234 866
885 661
560
- 18.3%
- 11.6%
+ 2.2%
- 15.3%
- 4.7%
- 16.5%
- 12.1%
- 4.8%
- 7.1%
- 16.5%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
Condos
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
$150,000 and Below
3,667
2,997
- 18.3%
1,283
1,071
- 16.5%
2,384
1,926
- 19.2%
$150,001 to $200,000
1,396
1,234
- 11.6%
759
683
- 10.0%
637
551
- 13.5%
$200,001 to $250,000
866
885
+ 2.2%
532
577
+ 8.5%
334
308
- 7.8%
$250,001 to $300,000
661
560
- 15.3%
413
357
- 13.6%
248
203
- 18.1%
$300,001 and Above
1,934
1,844
- 4.7%
1,319
1,312
- 0.5%
615
532
- 13.5%
All Price Ranges
8,524
7,520
- 11.8%
4,306
4,000
- 7.1%
4,218
3,520
- 16.5%
By Bedroom Count
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
2 Bedrooms or Less
2,703
2,257
- 16.5%
268
232
- 13.4%
2,435
2,025
- 16.8%
3 Bedrooms
3,757
3,301
- 12.1%
2,442
2,227
- 8.8%
1,315
1,074
- 18.3%
4 Bedrooms or More
1,809
1,722
- 4.8%
1,595
1,540
- 3.4%
214
182
- 15.0%
All Bedroom Counts
8,524
7,520
- 11.8%
4,306
4,000
- 7.1%
4,218
3,520
- 16.5%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.
By Price Range 4-2012
By Property Type
By Bedroom Count
4-2013
4-2012
4-2013
4-2012
4-2013
15.2 14.0
13.8 23.9
12.2 19.8
11.4
11.8 10.2
10.0 8.8
10.7
10.4 8.5
7.1
8.0
13.6
12.8
12.1
9.8
- 31.5%
- 29.5%
- 16.7%
- 28.1%
- 17.0%
- 27.9%
- 29.4%
- 19.7%
- 25.5%
- 27.1%
$150,000 and Below
$150,001 to $200,000
$200,001 to $250,000
$250,001 to $300,000
$300,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
Single-Family Homes
4-2012
4-2013
Change
$150,000 and Below
10.4
7.1
$150,001 to $200,000
12.1
8.5
$200,001 to $250,000
12.8
$250,001 to $300,000
13.6
$300,001 and Above All Price Ranges
By Bedroom Count
Condos
4-2012
4-2013
Change
4-2012
4-2013
Change
- 31.5%
8.4
5.7
- 32.4%
- 29.5%
10.1
7.1
- 29.5%
11.8
8.2
- 30.4%
15.8
11.3
- 28.6%
10.7
- 16.7%
11.5
9.8
9.8
- 28.1%
12.5
8.5
- 14.5%
15.7
12.7
- 18.9%
- 32.3%
15.7
13.2
23.9
19.8
- 17.0%
22.2
- 15.9%
18.3
- 17.4%
28.5
24.7
- 13.2%
12.8
9.4
- 26.5%
11.8
8.8
- 25.5%
14.0
10.2
- 27.1%
4-2012
4-2013
Change
4-2012
4-2013
Change
4-2012
4-2013
Change
2 Bedrooms or Less
13.8
10.0
- 27.9%
11.2
8.4
- 25.0%
14.2
10.2
- 28.2%
3 Bedrooms
11.4
8.0
- 29.4%
10.4
7.5
- 28.4%
13.8
9.6
- 30.4%
4 Bedrooms or More
15.2
12.2
- 19.7%
14.8
11.8
- 20.1%
18.7
16.3
- 13.0%
All Bedroom Counts
12.8
9.4
- 26.5%
11.8
8.8
- 25.5%
14.0
10.2
- 27.1%
All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7