Grand Strand Market Report July 2012 The second quarter sales momentum continued into July. The improving level of sales activity is representing a partial recovery in the Grand Strand real estate market. In July, Single Family Residential (SFR) inventory declined slightly and is down 5.1% as compared to July 2011 levels. As SFR continues to tighten, sales activity remained strong. July’s SFR sales were flat with June’s seasonal high and up 22.8% versus last July. Year to Date (YTD), 2012 SFR sales are up 12.6% as compared to 2011 levels. In addition to strong sales, SFR median sales price rebounded to $175,000 as the inventory of lower price homes continues to tighten. Year to date, SFR median sales price is $169,700, a 2.4% decline from 2011. Condo inventory continues to decline as July’s inventory is 10.1% down from July 2011. This decline is the fourth straight month of inventory decline and the distressed inventory is at the lowest level since tracking began in May 2010. July’s condo sales were 296 which is a decline from the June seasonal peak. As compared to July 2011, condo sales were up 4.6% and up 4.3% year to date. Driven by distressed sales (35+% of total) and cash transactions, the median sales price of condos fell to $95,000. Year to date, the median sales price of condos is down 4.5%. Residential lot sales activity remains strong as 2012 sales activity is up 62.5% as compared to 2011. Residential lot sales prices appear to have stabilized as the 2012 median sales price is $31,750.
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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.
3,919
Georgetown Co. Total
4,098
Georgetown Co.
816
Residential Lot Horry Co.
411 Total
4,735
# Listings 1,893
Georgetown Co.
739 Total
4,509
2,632
Average List Price
$334,854
Average List Price
$188,038
Average List Price
$129,827
Median List Price
$219,990
Median List Price
$133,500
Median List Price
$63,975
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,118
96
$150k - $250k
1,400
149
$250k - $500k
1,009
301
$500k - $1.0 MM $1 MM +
304 88
Horry Co.
G’town Co.
Less than $100k
1,413
58
$100k - $150k
1,016
80
$150k - $200k
610
67
$200k - $400k
778
108
173 97
$400k -$750k
232
67
$750+
49
31
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
348
49
$25k - $50k
638
89
$50k - $75k
273
75
$75k-100k
189
97
$100k-175k
210
151
$175k -250k
105
123
$250k+
130
155
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,600 5,400
# of Listings
5,200 5,000
July 2011 4,992
4,800
July 2012 4,735
4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900
July 2011 847
850
July 2012 789
800 750 700 650 600
Research performed by SiteTech Systems
3
Grand Strand Condo Inventory Trends
# of Listings
Grand Strand Condo Inventory 6,000 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
July 2011 5,014 July 2012 4,509
Grand Strand Distressed Condo Listings 1000
900 850
July 2011 850
800
July 2012 727
750 700 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12
# of Distressed
950
Research performed by SiteTech Systems
4
Closed Sales - SFR Year to Date
July
289
312
2010
2011
2,412
383
2012
2,108
2,143
2010
2011
2012
Historical Activity 600
500
July 2012 383
400 300
200 100 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
5
Average Sales Price - SFR Year to Date
July $235,007
$230,279
$219,217
$218,848
2011
2012
2010
$226,371 $217,644
2010
2011
2012
Historical Activity $375,000 $345,000 $315,000 $285,000 July 2012 $218,848
$255,000 $225,000 $195,000 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
Jul 12
6
Median Sales Price - SFR Year to Date
July
$182,000
$195,000
2010
$170,250
$175,000
2011
2012
$174,000
2010
2011
$169,900
2012
Historical Activity $250,000 $240,000 $230,000 $220,000
$210,000 $200,000
July 2012 $175,000
$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
Jul 12
7
Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12
Median Sales Price – SFR Distressed & Non-Distressed $250,000
$225,000
$200,000
$175,000 Non-Distressed
Distressed
Combined
$150,000
$125,000
$100,000
Research performed by SiteTech Systems 8
Median Sales Price – SFR Cash & Conventional Transactions $225,000
$200,000
Cash
$175,000
Conventional Combined
$150,000
$125,000 Jan-10
Apr-10
Jul-10
Oct-10
Jan-11
Apr-11
Jul-11
Oct-11
Jan-12
Research performed by SiteTech Systems
Apr-12
Jul-12
9
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Oct 11-Nov Dec-11 12-Jan 12-Feb 12-Mar Apr-12 May-12 Jun-12 Jul 12
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%
Research performed by SiteTech Systems 10
Sold to List Price Ratio - SFR July
Year to Date 92% 91%
91%
90%
89%
2010
88%
2011
2010
2012
2011
2012
Historical Activity 99 97 95 July 2012 91%
93 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
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
11
Closed Sales - Condo July
Year to Date 2,273 296
284
283
2010
2011
2,180
2,051
2012
2010
2011
2012
Historical Activity 1050
850 July 2012 296
650 450 250
50 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
12
Average Sales Price - Condo July
Year to Date $158,758
$150,908 $141,022 $142,538
2010
2011
$136,834 $139,744
2010
2012
2011
2012
Historical Activity $400,000
$350,000 $300,000 $250,000 July 2012 $139,744
$200,000 $150,000 $100,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
10-Jan
Research performed by SiteTech Systems
10-Jul
11-Jan
11-Jul
Jan 12
Jul 12
13
Median Sales Price - Condo July
Year to Date $121,000 $118,500
$111,000
$95,000
$110,000 $105,000
2010
2011
2012
2010
2011
2012
Historical Activity $275,000
$225,000 $175,000 July 2012 $95,000
$125,000 $75,000 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 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
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Ju1-12
$60,000
Research performed by SiteTech Systems
15
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12 Jul-12
Median Sales Price – Condo Cash & Conventional Transactions $170,000
$150,000
$130,000
$110,000 Cash
Conventional
Combined
$90,000
$70,000
$50,000
Research performed by SiteTech Systems 16
Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 11-Sep 11-Oct 11-Nov Dec-11 Jan-12 12-Feb Mar-12 Apr-12 May-12 Jun-12 Jul 12
Condo Sales % Cash vs. % Conventional 80.0%
70.0%
60.0%
50.0%
40.0% % Cash
30.0% % Conventional
20.0%
10.0%
0.0%
Research performed by SiteTech Systems 17
Sold to List Price Ratio - Condo July
Year to Date
88%
91% 87%
86%
2010
2011
2012
86%
86%
2010
2011
2012
Historical Activity 105 100 July 2012 91%
95 90 85 80 75 Jan 05
Jul 05
Jan 06
Jul 06
Jan 07
Jul 07
Jan 08
Jul 08
Jan 09
Jul 09
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
18
Closed Sales – Residential Lot July
Year to Date 71
632
56 41
389
343
2010
2011
2010
2012
2011
2012
Historical Activity 310 260 210 July 2012 71
160 110 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
Jul 12
19
Average Sales Price – Residential Lot July
Year to Date
$77,834 $118,257 $70,395 $53,402
$53,803
2010
2011
2010
2012
2011
$68,849
2012
Historical Activity $300,000
$250,000 July 2012 $118,257
$200,000
$150,000 $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
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
20
Median Sales Price – Residential Lot July
Year to Date $44,900 $59,500 $34,000
$31,500
2010
2011
$36,000
$31,750
2012
2010
2011
2012
Historical Activity $150,000 $125,000
July 2012 $59,500
$100,000 $75,000 $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
Jul 12
21
Median Sales Price – Res. Lot (Non-Distressed) July
Year to Date $54,950
$61,000
$51,950
$41,260
2010
2011
2012
$50,000
$50,000
2011
2012
2010
Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
July 2012 $61,000
Jan 10
Apr 10
Jul 10
Oct 10
Jan 11
Apr 11
Jul 11
Research performed by SiteTech Systems
Oct 10
Jan 12
Apr 12
Jul 12
22
Sold to List Price Ratio – Residential Lot July
Year to Date 79%
76%
76%
73%
72%
70%
2010
2011
2012
2010
2011
2012
Historical Activity 110 100 July 2012 79%
90 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
Jan 10
Research performed by SiteTech Systems
Jul 10
Jan 11
Jul 11
Jan 12
Jul 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
701
Horry Co.
691
Horry Co.
311
Georgetown Co.
88
Georgetown Co.
36
Georgetown Co.
76
Total
Total
789
Total
727
Average List Price
$197,613
Average List Price
$119,874
Median List Price
$139,900
Median List Price
$89,900
387
Average List Price
$70,055
Median List Price
$34,900
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
409
35
$150k - $250k
167
23
$250k - $500k
95
18
$500k - $1.0 MM
28
10
$1 MM +
2
2
Horry Co.
G’town Co.
Less than $100k
411
16
$100k - $150k
112
7
$150k - $200k
78
2
$200k - $400k
79
4
$400k -$750k
11
7
-
-
$750+
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
132
9
$25k - $50k
89
17
$50k - $75k
35
8
$75k-100k
19
14
$100k-175k
18
13
$175k -250K
10
10
$250K +
8
5
24
Distressed Sales SFR
Total
July
Sep
Nov
Jan
Mar
May
July
Condo
July
Sep
Jan
Mar
May
July
% Total Sales 30 29 28
July
Nov
Sep
Nov
Jan
Mar
May
July
July
Sep
Research performed by SiteTech Systems
32 33
Nov
37 30
Jan
32 33
Mar
28 28 29 29
May
July
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS速
July 2012
Quick Facts
With the Olympics in full swing, housing has already medaled in several arenas. A few short years ago, housing was considered a headwind to economic recovery. Today, housing is seen as a tailwind to a stalling economy. For the first time since 2005, housing is on track for contributing positively to national GDP in 2012. That can occur either by way of direct residential investment or through remodeling and other ancillary services services. Watch for signs of sustained tailwinds in a variety of indicators, including market times, seller concessions, prices and absorption rates. New Listings in the Coastal Carolinas region were up 3.7 percent for detached homes but decreased 8.1 percent for condos. Pending Sales increased 34.2 percent for single-family homes and 35.7 percent for condos. The Median Sales Price was up 2.9 percent to $167,000 for single-family properties but decreased 13.6 percent to $95,000 for condo units. Months Supply of Inventory decreased 27.3 percent for single-family units and 23.6 percent for townhousecondo units. Sustained recovery will not occur without real employment and wage growth. Consumers must be confident in both the economy and their family finances before signing on the dotted line. Cheap borrowing costs have served as the glue binding things together. Unimaginable a few years ago, the rate on a 30-year fixed mortgage recently ducked below the 3.49 percent marker. Job creation and GDP numbers will garner particular attention this quarter.
+ 14.2%
+ 22.3%
+ 4.2%
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 7-2009
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
5,216
- 0.7%
392
526
+ 34.2%
2,590
3,117
+ 20.3%
349
427
+ 22.3%
2,337
2,619
+ 12.1%
182
163
- 10.5%
178
177
- 1.0%
$162,250
$167,000
+ 2.9%
$165,000
$160,008
- 3.0%
$203,465
$205,616
+ 1.1%
$210,904
$205,435
- 2.6%
94.3%
94.8%
+ 0.6%
94.3%
95.2%
+ 1.0%
139
150
+ 20.0%
139
150
+ 20.0%
4,712
3,982
- 15.5%
--
--
--
14.0
10.2
- 27.3%
--
--
--
7-2012
Months Supply of Homes for Sale 7-2009
5,252
7-2012
Inventory of Homes for Sale 7-2009
+ 3.7%
7-2012
Housing Affordability Index 7-2009
673
7-2012
Percent of List Price Received 7-2009
649
7-2012
Average Sales Price 7-2009
+/–
7-2012
Median Sales Price 7-2009
YTD 2011 YTD 2012
7-2012
Days on Market Until Sale 7-2009
+/–
7-2012
Closed Sales 7-2009
7-2012
7-2012
Pending Sales 7-2009
7-2011
7-2012
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 7-2009
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
7-2010
7-2011
4,179
- 6.5%
272
369
+ 35.7%
2,244
2,592
+ 15.5%
284
296
+ 4.2%
2,192
2,273
+ 3.7%
185
169
- 8.7%
179
175
- 2.6%
$110,000
$95,000
- 13.6%
$108,000
$104,375
- 3.4%
$145,251
$136,489
- 6.0%
$140,960
$137,197
- 2.7%
91.9%
94.3%
+ 2.6%
93.5%
93.7%
+ 0.2%
198
244
+ 14.5%
198
244
+ 14.5%
4,633
3,814
- 17.7%
--
--
--
15.5
11.8
- 23.6%
--
--
--
7-2012
Months Supply of Homes for Sale 7-2009
4,469
7-2012
Inventory of Homes for Sale 7-2009
- 8.1%
7-2012
Housing Affordability Index 7-2009
508
7-2012
Percent of List Price Received 7-2009
553
7-2012
Average Sales Price 7-2009
+/–
7-2012
Median Sales Price 7-2009
YTD 2011 YTD 2012
7-2012
Days on Market Until Sale 7-2009
+/–
7-2012
Closed Sales 7-2009
7-2012
7-2012
Pending Sales 7-2009
7-2011
7-2012
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.
July
Year to Date
796
6,038 649
5,252
673 587
5,216
5,105 4,469
553
4,179
508
2010
2011
2012
-18.5%
+3.7%
Single-Family
2010
2011
2012
-5.8%
-8.1%
2010
Condo
2011
2012
-13.0%
-0.7%
Single-Family
2010
2011
2012
-12.5%
-6.5%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
713
- 5.6%
562
- 14.6%
September
607
- 14.1%
507
- 14.2%
October
636
- 4.9%
545
- 2.3%
November
604
- 1.8%
554
+ 5.7%
December
455
- 8.1%
444
+ 3.5%
January
761
- 0.7%
688
+ 5.8%
February
699
- 9.2%
610
- 2.1%
March
804
- 10.9%
663
- 12.6%
April
740
0.0%
609
- 16.9%
May
801
+ 16.3%
601
+ 8.5%
June
738
+ 0.3%
500
- 16.2%
July
673
+ 3.7%
508
- 8.1%
Total
8,231
- 3.1%
6,922
- 6.1%
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
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.
July
Year to Date 3,117
526
2,592
2,590 2,431 392
369
2,139
2,244
318 272
2010
2011
2012
+23.3%
+34.2%
Single-Family
2010
272
2011
2012
0.0%
+35.7%
2010
Condo
2011
2012
+6.5%
+20.3%
Single-Family
2010
2011
2012
+4.9%
+15.5%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
358
+ 10.2%
331
+ 2.2%
September
342
+ 21.3%
263
- 10.2%
October
329
+ 0.9%
261
- 15.8%
November
296
+ 6.1%
234
- 4.5%
December
256
+ 7.1%
190
+ 7.3%
January
336
+ 14.3%
311
+ 14.8%
February
404
+ 18.1%
339
+ 1.8%
March
465
+ 9.2%
402
+ 1.5%
April
438
+ 13.5%
442
+ 17.9%
May
478
+ 24.2%
370
+ 16.7%
June
470
+ 28.8%
359
+ 28.2%
July
526
+ 34.2%
369
+ 35.7%
Total
4,698
+ 16.3%
3,929
+ 8.2%
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
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.
July
Year to Date
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
390
+ 18.2%
289
- 8.3%
September
353
+ 9.6%
298
- 2.0%
427 2,619 349
2,300
2,337 2,192
315 284
2010
2011
2012
+10.8%
+22.3%
Single-Family
2010
2,054
296
284
2011
2012
0.0%
+4.2%
2,273
2010
Condo
2011
2012
+1.6%
+12.1%
Single-Family
2010
2011
2012
+6.7%
+3.7%
October
341
+ 18.0%
265
- 2.9%
November
336
+ 31.8%
239
- 4.4%
December
323
- 1.8%
259
- 11.3%
January
273
+ 12.3%
211
+ 0.5%
February
295
+ 17.1%
270
+ 13.0%
March
384
+ 6.1%
353
- 6.9%
April
365
- 0.3%
352
- 5.4%
May
426
+ 18.3%
403
+ 14.2%
June
449
+ 10.9%
388
+ 9.3%
July
427
+ 22.3%
296
+ 4.2%
Total
4,362
+ 12.9%
3,666
- 0.0%
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
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.
July
Year to Date 185
182 169
2010
178 170
169
163
2011
2012
+7.8%
-10.5%
Single-Family
2010
2011
2012
+8.9%
-8.7%
170
2010
Condo
177
2011
2012
+4.6%
-1.0%
Single-Family
179 170
2010
175
2011
2012
+5.8%
-2.6%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
174
+ 8.8%
176
+ 1.6%
September
178
+ 3.1%
196
+ 13.8%
October
200
+ 10.0%
195
+ 8.2%
November
183
+ 7.1%
169
- 7.7%
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 1.9%
February
185
+ 16.7%
184
+ 5.0%
March
177
- 3.9%
167
- 2.5%
April
176
- 3.3%
170
- 0.8%
May
182
+ 13.1%
170
- 9.2%
June
175
- 4.9%
184
+ 0.6%
July
163
- 10.5%
169
- 8.7%
Total
179
+ 1.7%
177
- 1.5%
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
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.
July
Year to Date
$186,750 $162,250
$172,500
$167,000
$165,000
$115,000
$160,008
$120,000 $110,000
$108,000 $104,375 $95,000
2010
2011
2012
-13.1%
+2.9%
2010
Single-Family
2011
2012
-4.3%
-13.6%
Condo
2010
2011
2012
-4.3%
-3.0%
Single-Family
2010
2011
2012
-10.0%
-3.4%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
163,000
- 16.4%
100,000
- 13.0%
September
164,250
- 3.4%
108,750
- 5.4%
October
167,498
- 9.2%
105,000
- 10.3%
November
157,500
- 12.9%
92,000
- 20.0%
December
162,248
- 1.7%
107,500
- 2.3%
January
159,900
+ 2.5%
91,750
- 14.6%
February
170,400
+ 3.3%
95,000
- 5.0% - 5.4%
March
160,000
- 10.1%
104,000
April
158,000
+ 0.0%
115,000 + 15.0%
May
161,500
+ 0.9%
105,000
- 4.5%
June
158,000
- 11.2%
110,000
- 6.4%
July
167,000
+ 2.9%
95,000
- 13.6%
Median
162,000
- 4.7%
106,000
- 7.0%
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
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.
July
Year to Date
$216,630
$215,760 $203,465 $205,616
$210,904
$205,435
$158,938 $150,536
$145,251
$140,960 $137,197
$136,489
2010
2011
2012
- 6.1%
+ 1.1%
2010
Single-Family
2011
2012
- 8.6%
- 6.0%
Condo
2010
2011
2012
- 2.3%
- 2.6%
Single-Family
2010
2011
2012
- 6.4%
- 2.7%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
195,946
- 16.9%
124,389
- 15.7%
September
207,648
- 1.7%
137,638
+ 0.3%
October
220,292
+ 0.0%
154,308
+ 1.9%
November
205,868
- 11.5%
132,004
- 17.3%
December
221,155 + 12.9%
132,909
- 4.8%
January
203,310
+ 5.2%
123,018
- 14.3%
February
205,042
- 1.9%
129,473
+ 3.1%
March
210,924
- 8.8%
130,685
- 9.1%
April
194,026
- 7.2%
143,400 + 10.4%
May
201,317
+ 2.5%
144,324
June
215,313
- 4.4%
143,660
- 2.0%
July
205,616
+ 1.1%
136,489
- 6.0%
Average
189,677
- 3.8%
136,700
- 4.5%
- 3.4%
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
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.
July
Year to Date
94.8%
94.3%
94.8%
94.4%
91.9%
94.3%
94.6%
2010
2011
2012
-0.6%
+0.6%
Single-Family
2010
2011
2012
-2.6%
+2.6%
2010
Condo
94.3%
95.2%
2011
2012
-0.3%
+1.0%
Single-Family
94.1%
2010
93.5%
93.7%
2011
2012
-0.7%
+0.2%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
94.0%
- 0.6%
94.9%
+ 1.5%
September
94.7%
+ 0.1%
93.2%
+ 0.4%
October
94.2%
- 0.8%
92.0%
- 1.5%
November
94.2%
+ 0.3%
93.7%
+ 1.1%
December
94.1%
- 0.2%
93.2%
- 0.5%
January
95.5%
+ 1.6%
92.6%
- 1.8%
February
95.3%
+ 0.8%
93.3%
- 0.4%
March
94.6%
- 0.7%
92.9%
- 0.6%
April
95.0%
+ 1.2%
94.7%
+ 0.9%
May
95.3%
+ 1.5%
93.7%
- 0.1%
June
96.2%
+ 1.9%
93.8%
+ 0.5%
July
94.8%
+ 0.6%
94.3%
+ 2.6%
Average
89.8%
+ 1.5%
88.0%
+ 1.3%
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
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.
July
Year to Date
244
190
139
198
190
150
198
150
139
122
2010
244
122
2011
2012
-6.2%
+20.0%
Single-Family
2010
2011
2012
+4.0%
+14.5%
Condo
2010
2011
2012
-6.2%
+20.0%
Single-Family
2010
2011
2012
+4.0%
+14.5%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
140
+ 13.6%
215
+ 4.6%
September
140
+ 15.6%
204
+ 10.7%
October
140
+ 2.0%
211
+ 3.4%
November
147
+ 9.8%
233
+ 10.0%
December
144
+ 12.3%
208
+ 18.2%
January
148
+ 3.2%
238
+ 3.5%
February
144
+ 6.2%
237
+ 21.4%
March
151
+ 8.9%
222
+ 15.6%
April
152
+ 21.0%
205
+ 15.4%
May
150
+ 10.3%
220
- 0.7%
June
155
+ 8.4%
216
+ 13.0%
July
150
+ 20.0%
244
+ 14.5%
Average
147
+ 10.9%
221
+ 10.8%
Condo
Historical Housing Affordability Index
Single-Family
Condo
250 225 200 175 150 125 100 75 1-2008
1-2009
1-2010
1-2011
1-2012
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.
July 5,409
5,293 4,712
4,633 3,982
2010
2011 -11.0% Single-Family
3,814
2010
2012
2011 -14.3% Condo
-15.5%
2012 -17.7%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
4,670
- 10.7%
4,543
- 14.3%
September
4,564
- 11.4%
4,468
- 13.4%
October
4,539
- 10.2%
4,429
- 11.1%
November
4,511
- 9.8%
4,442
- 9.5%
December
4,243
- 10.4%
4,287
- 8.9%
January
4,300
- 9.5%
4,349
- 6.9%
February
4,291
- 11.1%
4,358
- 6.9%
March
4,267
- 13.2%
4,311
- 8.5%
April
4,260
- 12.5%
4,152
- 12.6%
May
4,218
- 12.3%
4,103
- 13.0%
June
4,173
- 13.2%
3,954
- 15.7%
July
3,982
- 15.5%
3,814
- 17.7%
Average
3,211
- 16.1%
3,899
- 17.2%
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
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.
July
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
August
13.8
- 13.6%
15
- 17.9%
September
13.2
- 16.7%
15.0
- 16.5%
October
13.2
- 16.0%
15.1
- 12.7%
November
13.0
- 15.5%
15.2
- 9.8%
19.0 16.0
15.5 14.0 11.8 10.2
2010
2011 -12.6% Single-Family
2012
2010
-27.3%
2011
2012
-18.4% Condo
-23.6%
December
12.2
- 16.6%
14.6
- 9.8%
January
12.2
- 16.7%
14.6
- 9.4%
February
12.0
- 19.0%
14.7
- 7.6%
March
11.9
- 20.9%
14.5
- 7.9%
April
11.7
- 23.0%
13.7
- 13.5%
May
11.4
- 22.7%
13.3
- 14.5%
June
11.0
- 24.6%
12.6
- 19.8%
July
10.2
- 27.3%
11.8
- 23.6%
Average
9.4
- 27.2%
11.9
- 23.4%
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
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
July 2012
Quick Facts
As Olympians wind down their time in London, the local housing market has already medaled in several events. For the 12-month period spanning August 2011 through July 2012, Closed Sales in the Coastal Carolinas region were up 6.6 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 13.0 percent. The overall Median Sales Price was down 4.2 percent to $137,435. The property type with the smallest price decline was the Single-Family segment, where prices decreased 4.7 percent to $162,000. The price range that tended to sell the quickest was the $150,000 and Below range at 167 days; the price range that tended to sell the slowest was the $300,001 and Above range at 210 days. Market-wide, inventory levels were down 16.6 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 15.5 percent. That amounts to 10.2 months supply for SingleFamily homes and 11.8 months supply for Condos.
+ 13.0%
+ 10.0%
+ 12.4%
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 7-2011
By Property Type
By Bedroom Count
7-2012
7-2011
7-2011
7-2012
3,824
3,945
4,306
7-2012
3,708
3,811
2,261
2,376 3,446 3,403
1,334
1,266
1,371 818
983
798 542
3,420
1,392
933
577
+ 13.0%
+ 2.8%
- 2.4%
+ 6.5%
- 5.1%
+ 5.1%
+ 6.4%
+ 10.0%
+ 12.4%
- 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
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
$150,000 and Below
3,811
4,306
+ 13.0%
1,456
1,846
+ 26.8%
2,355
2,460
+ 4.5%
$150,001 to $200,000
1,334
1,371
+ 2.8%
821
891
+ 8.5%
513
480
- 6.4%
$200,001 to $250,000
818
798
- 2.4%
540
535
- 0.9%
278
263
- 5.4%
$250,001 to $300,000
542
577
+ 6.5%
360
401
+ 11.4%
182
176
- 3.3%
$300,001 and Above
983
933
- 5.1%
685
689
+ 0.6%
298
244
- 18.1%
7,488
7,985
+ 6.6%
3,403
3,824
+ 12.4%
3,446
3,420
- 0.8%
All Price Ranges
By Bedroom Count
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
2 Bedrooms or Less
2,261
2,376
+ 5.1%
229
288
+ 25.8%
2,032
2,088
+ 2.8%
3 Bedrooms
3,708
3,945
+ 6.4%
2,486
2,817
+ 13.3%
1,222
1,128
- 7.7%
4 Bedrooms or More
1,266
1,392
+ 10.0%
1,147
1,257
+ 9.6%
119
135
+ 13.4%
All Bedroom Counts
7,488
7,985
+ 6.6%
3,403
3,824
+ 12.4%
3,446
3,420
- 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 7-2011
7-2011
212 184 167
By Property Type
By Bedroom Count
7-2012
183
167
189
189
198
7-2011
7-2012
194
210
7-2012
179
194 179
174
177 177
177 172
172
176
- 0.1%
- 0.5%
+ 8.5%
+ 4.6%
- 1.2%
- 3.2%
+ 2.7%
- 0.2%
+ 1.7%
- 1.2%
$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
Single-Family Homes
Condos
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
$150,000 and Below
167
167
- 0.1%
163
168
+ 3.2%
170
166
- 2.3%
$150,001 to $200,000
184
183
- 0.5%
173
170
- 1.6%
200
206
+ 3.0%
$200,001 to $250,000
174
189
+ 8.5%
165
187
+ 13.4%
193
194
+ 0.3%
$250,001 to $300,000
189
198
+ 4.6%
174
197
+ 13.8%
223
198
- 11.0%
$300,001 and Above
212
210
- 1.2%
222
205
- 7.4%
188
223
+ 18.9%
All Price Ranges
177
178
+ 0.3%
176
179
+ 1.7%
179
177
- 1.2%
By Bedroom Count
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
2 Bedrooms or Less
177
172
- 3.2%
176
175
- 0.6%
178
171
- 3.5%
3 Bedrooms
172
177
+ 2.7%
168
173
+ 2.9%
180
186
+ 3.2%
4 Bedrooms or More
194
194
- 0.2%
192
192
+ 0.1%
217
212
- 2.5%
All Bedroom Counts
177
178
+ 0.3%
176
179
+ 1.7%
179
177
- 1.2%
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 7-2011
By Property Type 7-2011
7-2012
7-2012 $170,000
$260,000
$252,075
$143,500
$162,000
$137,435 $113,000
$155,000
$98,000
$105,000
$149,000
$89,250
- 8.9%
- 3.9%
- 3.0%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 4.2%
All Properties
- 4.7%
All Properties
Single-Family Homes
Single-Family Homes
- 7.1% Condos
Condos
By Bedroom Count
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
2 Bedrooms or Less
$98,000
$89,250
- 8.9%
$105,250
$92,250
- 12.4%
$97,000
$89,000
- 8.2%
3 Bedrooms
$155,000
$149,000
- 3.9%
$155,000
$147,500
- 4.8%
$157,250
$156,000
- 0.8%
4 Bedrooms or More
$260,000
$252,075
- 3.0%
$260,000
$249,950
- 3.9%
$285,000
$320,000
+ 12.3%
All Bedroom Counts
$143,500
$137,435
- 4.2%
$170,000
$162,000
- 4.7%
$113,000
$105,000
- 7.1%
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 | 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 7-2011
By Property Type
By Bedroom Count
7-2012
7-2011
7-2011
7-2012
7-2012 94.8%
95.5%
95.4% 95.0%
94.9%
95.1%
95.0%
95.1%
94.4%
94.6% 94.3%
93.9%
93.7%
93.7% 93.3%
93.3%
93.0%
93.6% 93.4%
93.1%
+ 0.4%
+ 0.4%
+ 0.2%
+ 0.4%
+ 0.6%
+ 0.1%
+ 0.4%
+ 0.6%
+ 0.4%
+ 0.2%
$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
Single-Family Homes
Condos
By Price Range
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
$150,000 and Below
93.3%
93.7%
+ 0.4%
93.6%
94.1%
+ 0.5%
93.2%
93.4%
+ 0.2%
$150,001 to $200,000
95.0%
95.4%
+ 0.4%
95.7%
96.1%
+ 0.4%
93.9%
94.2%
+ 0.3%
$200,001 to $250,000
94.9%
95.1%
+ 0.2%
95.7%
95.9%
+ 0.2%
93.5%
93.2%
- 0.3%
$250,001 to $300,000
95.1%
95.5%
+ 0.4%
96.1%
95.9%
- 0.2%
92.9%
94.5%
+ 1.7%
$300,001 and Above
93.3%
93.9%
+ 0.6%
92.8%
93.9%
+ 1.2%
94.5%
93.9%
- 0.6%
All Price Ranges
93.9%
94.3%
+ 0.4%
94.4%
94.8%
+ 0.4%
93.4%
93.6%
+ 0.2%
By Bedroom Count
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
2 Bedrooms or Less
93.0%
93.1%
+ 0.1%
92.4%
91.3%
- 1.2%
93.1%
93.4%
+ 0.3%
3 Bedrooms
94.6%
95.0%
+ 0.4%
94.9%
95.4%
+ 0.5%
93.9%
94.0%
+ 0.1%
4 Bedrooms or More
93.7%
94.3%
+ 0.6%
93.7%
94.4%
+ 0.7%
93.5%
93.8%
+ 0.3%
All Bedroom Counts
93.9%
94.3%
+ 0.4%
94.4%
94.8%
+ 0.4%
93.4%
93.6%
+ 0.2%
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 7-2011
By Property Type
By Bedroom Count
7-2012
7-2011
7-2011
7-2012
4,712
4,146
3,938
4,633 3,982
3,424
3,217
7-2012
3,814
2,935 2,496 2,157
1,984
1,854
1,663
1,503 1,247 988
854
759
624
- 18.3%
- 17.0%
- 13.6%
- 17.8%
- 14.0%
- 15.0%
- 17.4%
- 16.2%
- 15.5%
- 17.7%
$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
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
$150,000 and Below
3,938
3,217
- 18.3%
1,429
1,100
- 23.0%
2,509
2,117
- 15.6%
$150,001 to $200,000
1,503
1,247
- 17.0%
820
705
- 14.0%
683
542
- 20.6%
$200,001 to $250,000
988
854
- 13.6%
584
520
- 11.0%
404
334
- 17.3%
$250,001 to $300,000
759
624
- 17.8%
470
396
- 15.7%
289
228
- 21.1%
$300,001 and Above
2,157
1,854
- 14.0%
1,409
1,261
- 10.5%
748
593
- 20.7%
All Price Ranges
9,345
7,796
- 16.6%
4,712
3,982
- 15.5%
4,633
3,814
- 17.7%
By Bedroom Count
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
2 Bedrooms or Less
2,935
2,496
- 15.0%
303
247
- 18.5%
2,632
2,249
- 14.6%
3 Bedrooms
4,146
3,424
- 17.4%
2,672
2,258
- 15.5%
1,474
1,166
- 20.9%
4 Bedrooms or More
1,984
1,663
- 16.2%
1,736
1,475
- 15.0%
248
188
- 24.2%
All Bedroom Counts
9,345
7,796
- 16.6%
4,712
3,982
- 15.5%
4,633
3,814
- 17.7%
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 7-2011
7-2011
7-2012
7-2011
22.0
15.5
15.7
14.0 11.8
13.2
13.1 12.0
16.5 14.9 12.9
7-2012
17.9
26.4
12.1
By Property Type
By Bedroom Count
7-2012
10.2 9.6
12.0
12.4
10.2 8.3
- 31.3%
- 20.4%
- 19.7%
- 24.6%
- 16.3%
- 23.5%
- 26.7%
- 26.5%
- 27.3%
- 23.6%
$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 By Price Range
7-2011
Single-Family Homes
Condos
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
$150,000 and Below
12.1
8.3
- 31.3%
11.1
6.6
- 40.9%
12.8
9.7
- 24.3%
$150,001 to $200,000
12.9
10.2
- 20.4%
11.4
9.0
- 20.9%
15.3
12.5
- 18.4%
$200,001 to $250,000
14.9
12.0
- 19.7%
13.0
10.9
- 15.9%
18.9
14.1
- 25.7%
$250,001 to $300,000
16.5
12.4
- 24.6%
14.9
11.1
- 25.2%
19.9
15.5
- 22.0%
$300,001 and Above
26.4
22.0
- 16.3%
23.8
20.4
- 14.6%
32.9
26.8
- 18.6%
All Price Ranges
14.7
10.9
- 25.7%
14.0
10.2
- 27.3%
15.5
11.8
- 23.6%
By Bedroom Count
7-2011
7-2012
Change
7-2011
7-2012
Change
7-2011
7-2012
Change
2 Bedrooms or Less
15.7
12.0
- 23.5%
16.0
9.6
- 40.1%
15.6
12.3
- 21.2%
3 Bedrooms
13.1
9.6
- 26.7%
12.3
9.0
- 27.1%
14.8
11.1
- 25.1%
4 Bedrooms or More
17.9
13.2
- 26.5%
17.2
12.9
- 25.0%
25.7
16.0
- 37.6%
All Bedroom Counts
14.7
10.9
- 25.7%
14.0
10.2
- 27.3%
15.5
11.8
- 23.6%
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