Grand Strand Market Report January 2012 After seven straight months of inventory reduction, SFR inventory made a season uptick of 3.9% over December’s level. However, January’s inventory level is 5.7% lower than January, 2011. SFR increased in all price ranges in Horry and Georgetown Counties with the exception of $1.0+ million properties in Georgetown County and $500K+ properties in Horry County. Fueled by distressed sales, which accounted for 37% of SFR activity, SFR sales were up 13.6% as compared to January, 2011. This performance is the best January sales performance since 2007. Driven by increased distressed sales, SFR median sales price was $163,700. Although dropping from December, January’s median sales price is up verses January 2011. Similar to SFR inventory, condo inventory increased seasonally by 5% but remain down (4.2%) as compared to January 2011. The distressed condo inventory also made a sharp jump from prior month’s levels. The median sales price of condo sales continued to fall. For January, 2012, the median sales price was $94,900, a 10% drop from January, 2011. This decline was fueled by distressed sales (37%) and cash transactions (which accounted for over 70% of all condo sales).
Research powered by SiteTech Systems
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.
3,708
Georgetown Co. Total
4,304
Georgetown Co.
803
Residential Lot Horry Co.
421
Total
4,511
# Listings 2,020
Georgetown Co.
713 Total
4,725
2,733
Average List Price
$351,107
Average List Price
$193,494
Average List Price
$128,815
Median List Price
$225,000
Median List Price
$137,900
Median List Price
$60,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,050
87
$150k - $250k
1,307
139
$250k - $500k
942
309
$500k - $1.0 MM $1 MM +
305 104
Horry Co.
G’town Co.
Less than $100k
1,422
63
$100k - $150k
1,050
89
$150k - $200k
633
67
$200k - $400k
869
118
160 108
$400k -$750k
271
53
$750+
59
31
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
371
36
$25k - $50k
710
81
$50k - $75k
295
75
$75k-100k
195
93
$100k-175k
196
154
$175k -250k
101
113
$250k+
152
161
2
Grand Strand SFR Inventory Trends
Research performed by SiteTech Systems
3
Grand Strand Condo Inventory Trends
Research performed by SiteTech Systems
4
Closed Sales - SFR Year to Date
January 234
206
179
2010
179
2011
2012
234
206
2010
2011
2012
Historical Activity 600 550 500 450 400 350 300 250 200 150 100 Jan 05
Jan. 2012 234 Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
5
Average Sales Price - SFR Year to Date
January $234,491
$234,491 $204,882
2010
2011
$209,855
$204,882
2012
2010
$209,855
2011
2012
Historical Activity $375,000 $345,000 $315,000 $285,000 Jan. 2012 $209,855
$255,000 $225,000 $195,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Research performed by SiteTech Systems
Jul 09
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
6
Median Sales Price - SFR Year to Date
January
$200,000
$200,000
2010
$160,500
$163,700
2011
2012
$160,500
$163,700
2011
2012
2010
Historical Activity $250,000 $240,000
$230,000 $220,000 $210,000 $200,000 Jan. 2012 $163,700
$190,000 $180,000 $170,000 $160,000 $150,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
7
Median Sales Price – SFR Distressed & Non-Distressed $250,000
$225,000
$200,000
Non-Distressed
$175,000
Distressed Combined $150,000
$125,000
Research performed by SiteTech Systems
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
$100,000
8
Median Sales Price – SFR Cash & Conventional Transactions $225,000
$200,000
Cash $175,000
Conventional Combined
$150,000
$125,000 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
Research performed by SiteTech Systems
9
Research performed by SiteTech Systems Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
SFR Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
40.0% % Cash
% Conventional
30.0%
20.0%
10.0%
0.0%
10
Sold to List Price Ratio - SFR January
Year to Date 90%
90% 88%
88%
2010
2011
2012
88%
88%
2010
2011
2012
Historical Activity 99 97 95 93
Jan. 2012 90%
91 89 87 85 83 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
11
Closed Sales - Condo January
Year to Date 212
212
210
210
189
2010
2011
189
2012
2010
2011
2012
Historical Activity 1050 850
650 Jan. 2012 189
450 250 50 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10 Jul 10
Jan 11
Jul 11 Jan 12
12
Average Sales Price - Condo January
Year to Date $167,316
$167,316 $141,489
2010
$141,489
$124,550
2011
2012
2010
2011
$124,550
2012
Historical Activity $400,000 $350,000 $300,000 $250,000
$200,000
Jan. 2012 $124,550
$150,000 $100,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
13
Median Sales Price - Condo Year to Date
January
$125,738
$125,738 $105,950
2010
2011
$105,950
$94,900
2012
2010
2011
$94,900
2012
Historical Activity $275,000 $255,000 $235,000 $215,000 $195,000 $175,000 $155,000 $135,000 $115,000 $95,000 $75,000 Jan 05
Jan. 2012 $94,900
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
14
Median Sales Price – Condo Distressed & Non-Distressed $140,000
$130,000
$120,000
$110,000
Non-Distressed
$100,000
Distressed Combined $90,000
$80,000
$70,000
Research performed by SiteTech Systems
Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
$60,000
15
Median Sales Price – Condo Cash & Conventional Transactions $175,000
$150,000
$125,000 Cash Conventional Combined
$100,000
$75,000
$50,000 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
Research performed by SiteTech Systems
16
Research performed by SiteTech Systems Jan-12
Dec-11
Nov-11
Oct-11
Sep-11
Aug-11
Jul-11
Jun-11
May-11
Apr-11
Mar-11
Feb-11
Jan-11
Dec-10
Nov-10
Oct-10
Sep-10
Aug-10
Jul-10
Jun-10
May-10
Apr-10
Mar-10
Feb-10
Jan-10
Condo Sales % Cash vs. % Conventional
80.0%
70.0%
60.0%
50.0%
40.0% % Cash
% Conventional
30.0%
20.0%
10.0%
0.0%
17
Sold to List Price Ratio - Condo January
Year to Date
87%
87% 85%
85%
84%
84%
2010
2011
2012
2010
2011
2012
Historical Activity 105 100
95 Jan. 2012 85%
90 85 80 75 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
18
Closed Sales – Residential Lot January
Year to Date 55
55
35
37
2010
2011
2012
35
37
2010
2011
2012
Historical Activity 310 260 210 160
Jan. 2012 55
110 60 10 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
19
Average Sales Price – Residential Lot January
Year to Date
$107,122
$107,122 $83,754
$83,754 $59,874
2010
2011
$59,874
2012
2010
2011
2012
Historical Activity $300,000 $250,000
$200,000 $150,000 Jan. 2012 $59,874
$100,000
$50,000 $0 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
20
Median Sales Price – Residential Lot January
Year to Date
$65,000
$65,000 $50,000
$50,000 $32,000
2010
2011
$32,000
2012
2010
2011
2012
Historical Activity $150,000
$125,000 $100,000 $75,000 Dec. 2012 $32,000
$50,000 $25,000 $0 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
21
Median Sales Price – Res. Lot (Non-Distressed) January
Year to Date $85,000
$80,000
$80,000
$85,000
$40,500
2010
2011
$40,500
2012
2010
2011
2012
Historical Activity $100,000 $85,000 $70,000 $55,000 $40,000 $25,000 $10,000
Jan. 2012 $40,500
Jan 10
Apr 10
Jul 10
Oct 10
Jan 11
Apr 11
Research performed by SiteTech Systems
Jul 11
Oct 10
Jan 12 22
Sold to List Price Ratio – Residential Lot January
Year to Date
79%
79%
69%
69%
67%
2010
2011
67%
2010
2012
2011
2012
Historical Activity 110
100 90
Jan. 2012 69%
80 70 60
50 40 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Research performed by SiteTech Systems
Jan 10
Jul 10
Jan 11
Jul 11
Jan 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
722
Horry Co.
797
Horry Co.
428
Georgetown Co.
74
Georgetown Co.
44
Georgetown Co.
83
Total
Total
796
Total
841
Average List Price
$213,088
Average List Price
$122,566
Median List Price
$145,000
Median List Price
$90,000
511
Average List Price
$64,378
Median List Price
$35,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
399
26
$150k - $250k
192
17
$250k - $500k
89
14
$500k - $1.0 MM
36
12
$1 MM +
6
5
Horry Co.
G’town Co.
Less than $100k
461
21
$100k - $150k
125
12
$150k - $200k
74
1
$200k - $400k
124
7
$400k -$750k
13
3
-
-
$750+
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
178
12
$25k - $50k
139
5
$50k - $75k
46
15
$75k-100k
30
17
$100k-175k
18
14
$175k -250K
5
11
$250K +
12
9
24
Distressed Sales SFR
Total
210
159
185
228 219
116
189 191 170 177
116
100
161 165 170 154 157
Jan
Mar
May
July
Sep
Nov
Jan
Condo
Nov
67
Jan
99 81
Mar
May
95 82 81 80 89
July
Sep
87 72
Nov
Jan
% Total Sales
110
92
101
112 113 108
61
Nov
84 55
Nov
106
Jan
Mar
May
92 88 96 81 76 75 82 70
July
Sep
Nov
Jan
37 38
44 34 34
26
Nov
Jan
Research performed by SiteTech Systems
Mar
33 30 29 29 30 29 28 32
May
July
Sep
Nov
37
Jan
25
Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
January 2012
Quick Facts
Whenever someone asks, "So, how's the market?" The most logical answer just might be "That depends on which segment, the data source, whether you're a buyer or seller and for what time period." For the 12h period i d spanning i February F b h h January J 2012 Closed Cl d month 2011 through 2012, Sales in the Coastal Carolinas region were up 3.4 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 11.4 percent. The overall Median Sales Price was down 6.0 percent to $139,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 4.3 percent to $165,000. The price range that tended to sell the quickest was the $150,000 and Below range at 177 days; the price range that tended to sell the slowest was the $300,001 and Above range at 245 days. Market-wide, inventory levels were down 12.8 percent. The property type that lost the least inventory was the Townhouse-Condo segment, where it decreased 10.9 percent. That amounts to 11.5 months supply for SingleFamily homes and 13.5 months supply for Condos.
+ 11.4%
+ 7.6%
+ 5.5%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$150,000 and Below
4 Bedrooms or More
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 1-2011
By Bedroom Count
1-2012
1-2011
1-2011
3,664
4,020
By Property Type
1-2012 3,740
1-2012 3,599
3,610
2,181
1,347
2,243
3,412
1,248
1,312 846
1,004 778 541
3,336
1,343
3,311
946
540
+ 11.4%
- 2.6%
- 8.0%
- 0.2%
- 5.8%
+ 2.8%
+ 2.1%
+ 7.6%
+ 5.5%
+ 0.8%
$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
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
$150,000 and Below
3,610
4,020
+ 11.4%
1,395
1,667
+ 19.5%
2,215
2,353
+ 6.2%
$150,001 to $200,000
1,347
1,312
- 2.6%
864
835
- 3.4%
483
477
- 1.2%
$200,001 to $250,000
846
778
- 8.0%
571
515
- 9.8%
275
263
- 4.4%
$250,001 to $300,000
541
540
- 0.2%
358
375
+ 4.7%
183
165
- 9.8%
$300,001 and Above
1,004
946
- 5.8%
674
691
+ 2.5%
330
255
- 22.7%
All Price Ranges
7,348
7,596
+ 3.4%
3,412
3,599
+ 5.5%
3,311
3,336
+ 0.8%
By Bedroom Count
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
2 Bedrooms or Less
2,181
2,243
+ 2.8%
252
250
- 0.8%
1,929
1,993
+ 3.3%
3 Bedrooms
3,664
3,740
+ 2.1%
2,525
2,611
+ 3.4%
1,139
1,129
- 0.9%
4 Bedrooms or More
1,248
1,343
+ 7.6%
1,084
1,222
+ 12.7%
164
121
- 26.2%
All Bedroom Counts
7,348
7,596
+ 3.4%
3,412
3,599
+ 5.5%
3,311
3,336
+ 0.8%
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 | 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 1-2011
By Bedroom Count
1-2012
1-2011
239 203 168
177
181
184
194
194
1-2011
207
245 182
203
By Property Type
1-2012
188
176
1-2012
212
199
188
187
187
178
+ 5.2%
+ 12.2%
+ 5.7%
+ 4.8%
+ 2.6%
+ 3.3%
+ 6.8%
+ 2.4%
+ 4.9%
+ 6.2%
$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
1-2011
1-2012
Single-Family Homes
Condos
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
$150,000 and Below
168
177
+ 5.2%
157
172
+ 9.4%
176
181
+ 3.0%
$150,001 to $200,000
181
203
+ 12.2%
170
179
+ 5.3%
198
242
+ 22.2%
$200,001 to $250,000
184
194
+ 5.7%
174
182
+ 4.3%
204
220
+ 7.8%
$250,001 to $300,000
194
203
+ 4.8%
192
181
- 5.5%
199
258
+ 29.5%
$300,001 and Above
239
245
+ 2.6%
237
246
+ 3.6%
242
242
+ 0.2%
All Price Ranges
182
192
+ 5.5%
178
187
+ 4.9%
187
199
+ 6.2%
By Bedroom Count
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
2 Bedrooms or Less
182
188
+ 3.3%
166
178
+ 7.1%
184
190
+ 2.8%
3 Bedrooms
176
188
+ 6.8%
168
178
+ 6.1%
195
212
+ 8.7%
4 Bedrooms or More
207
212
+ 2.4%
206
208
+ 1.2%
215
248
+ 15.7%
All Bedroom Counts
182
192
+ 5.5%
178
187
+ 4.9%
187
199
+ 6.2%
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 1-2011
By Property Type 1-2011
1-2012
1-2012
$269,629
$172,500
$254,000 $147,900
$165,000
$139,000 $118,000
$156,000 $103,000
$107,000
$150,000
$92,000
- 10.7%
- 3.8%
- 5.8%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 6.0%
All Properties By Bedroom Count
- 4.3%
All Properties p
Single-Family g y Homes
Single-Family Homes
- 9.3% Condos
Condos
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
2 Bedrooms or Less
$103,000
$92,000
- 10.7%
$109,000
$94,900
- 12.9%
$102,500
$92,000
- 10.2%
3 Bedrooms
$156,000
$150,000
- 3.8%
$157,000
$148,825
- 5.2%
$150,694
$155,000
+ 2.9%
4 Bedrooms or More
$269,629
$254,000
- 5.8%
$263,700
$250,000
- 5.2%
$290,000
$280,000
- 3.4%
All Bedroom Counts
$147,900
$139,000
- 6.0%
$172,500
$165,000
- 4.3%
$118,000
$107,000
- 9.3%
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 1-2011
By Bedroom Count
1-2012
1-2011 95.3%
95.1% 94.8% 94.8%
1-2011
94.7%
95.0%
By Property Type
1-2012
1-2012
94.6%
94.6%
94.4%
94.7% 94.1%
93.9% 93.6%
93.7%
93.4%
93.3% 92.9%
93.2% 93.3%
93.0%
- 0.6%
- 0.2%
+ 0.0%
+ 0.3%
+ 0.5%
- 0.2%
- 0.1%
- 0.5%
- 0.2%
- 0.4%
$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
1-2011
1-2012
Single-Family Homes Change
1-2011
1-2012
Change
Condos 1-2011
1-2012
Change
$150,000 and Below
93.9%
93.3%
- 0.6%
94.1%
93.5%
- 0.7%
93.8%
93.2%
- 0.6%
$150,001 to $200,000
95.3%
95.1%
- 0.2%
95.9%
95.9%
- 0.0%
94.3%
93.8%
- 0.5% + 0.2%
$200,001 to $250,000
94.8%
94.8%
+ 0.0%
95.6%
95.5%
- 0.0%
93.1%
93.3%
$250,001 to $300,000
94.7%
95.0%
+ 0.3%
95.6%
96.0%
+ 0.4%
92.7%
92.5%
- 0.2%
$300,001 and Above
92.9%
93.4%
+ 0.5%
92.7%
93.2%
+ 0.6%
93.6%
94.0%
+ 0.5%
All Price Ranges
94.2%
93.9%
- 0.3%
94.6%
94.4%
- 0.2%
93.7%
93.3%
- 0.4%
By Bedroom Count
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
2 Bedrooms or Less
93.2%
93.0%
- 0.2%
92.0%
91.2%
- 0.8%
93.3%
93.2%
- 0.1%
3 Bedrooms
94.7%
94.6%
- 0.1%
95.0%
95.0%
- 0.1%
94.0%
93.7%
- 0.3%
4 Bedrooms or More
94.1%
93.6%
- 0.5%
94.1%
93.6%
- 0.6%
93.5%
93.5%
+ 0.0%
All Bedroom Counts
94.2%
93.9%
- 0.3%
94.6%
94.4%
- 0.2%
93.7%
93.3%
- 0.4%
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 1-2011
By Bedroom Count
1-2012
1-2011
By Property Type 1-2011
1-2012 4,165
4,008
1-2012
4,758 3,652
3,422
4,672
2,967 2,656 2,144
2,007
2,005 1,753
1,576
4,162
4,138
1,327 963
873
739
671
- 14.6%
- 15.8%
- 9.3%
- 9.2%
- 6.4%
- 10.5%
- 12.3%
- 12.6%
- 13.0%
- 10.9%
$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
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
$150,000 and Below
4,008
3,422
- 14.6%
1,454
1,136
- 21.9%
2,554
2,286
- 10.5%
$150,001 to $200,000
1,576
1,327
- 15.8%
866
735
- 15.1%
710
592
- 16.6%
$200,001 to $250,000
963
873
- 9.3%
570
544
- 4.6%
393
329
- 16.3%
$250,001 to $300,000
739
671
- 9.2%
444
405
- 8.8%
295
266
- 9.8%
$300,001 and Above
2,144
2,007
- 6.4%
1,424
1,318
- 7.4%
720
689
- 4.3%
All Price Ranges
9,430
8,300
- 12.0%
4,758
4,138
- 13.0%
4,672
4,162
- 10.9%
By Bedroom Count
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
2 Bedrooms or Less
2,967
2,656
- 10.5%
288
268
- 6.9%
2,679
2,388
- 10.9%
3 Bedrooms
4,165
3,652
- 12.3%
2,691
2,344
- 12.9%
1,474
1,308
- 11.3%
4 Bedrooms or More
2,005
1,753
- 12.6%
1,778
1,526
- 14.2%
227
227
0.0%
All Bedroom Counts
9,430
8,300
- 12.0%
4,758
4,138
- 13.0%
4,672
4,162
- 10.9%
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 1-2011
By Bedroom Count
1-2012
1-2011
By Property Type
1-2012
1-2011
1-2012 16.1
26.1 24.6
14.7 19.2
13.5
16.2 14.2
13.8
13.2
11.6
11.5
14.9
16.6
13.6 14.4
13.7 11.1
12.8
9.6
- 27.0%
- 16.4%
- 9.5%
- 13.4%
- 6.0%
- 16.0%
- 19.0%
- 22.3%
- 21.8%
- 16.2%
$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
1-2011
1-2012
Single-Family Homes Change
1-2011
1-2012
Change
Condos 1-2011
1-2012
Change
$150,000 and Below
13.2
9.6
- 27.0%
12.3
7.6
- 38.0%
13.7
11.1
- 19.5%
$150,001 to $200,000
13.8
11.6
- 16.4%
11.8
10.2
- 13.4%
17.5
13.8
- 21.2%
$200,001 to $250,000
14.2
12.8
- 9.5%
12.3
12.1
- 2.1%
18.1
14.4
- 20.9%
$250,001 to $300,000
16.6
14.4
- 13.4%
14.9
12.4
- 16.5%
20.1
18.9
- 6.1%
$300,001 and Above
26.1
24.6
- 6.0%
25.7
21.8
- 15.5%
27.0
32.7
+ 21.0%
All Price Ranges
15.4
12.4
- 19.2%
14.7
11.5
- 21.8%
16.1
13.5
- 16.2%
By Bedroom Count
1-2011
1-2012
Change
1-2011
1-2012
Change
1-2011
1-2012
Change
2 Bedrooms or Less
16.2
13.6
- 16.0%
13.7
12.2
- 10.5%
16.5
13.7
- 16.7%
3 Bedrooms
13.7
11.1
- 19.0%
12.8
10.2
- 20.8%
15.5
13.1
- 15.2%
4 Bedrooms or More
19.2
14.9
- 22.3%
19.3
14.3
- 25.9%
18.5
21.1
+ 14.0%
All Bedroom Counts
15.4
12.4
- 19.2%
14.7
11.5
- 21.8%
16.1
13.5
- 16.2%
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