Grand Strand Market Report October 2012 Sales activity trends in all sectors (Single Family Residential, Condo, & Residential Lot) continue to point to solid growth while sales prices remain stabilized. For October, Single Family Residential (SFR) sales are up 20.8% from prior year’s level while maintaining stable median sales prices. SFR inventory continued its gradual decline as inventory is down 2.6% as compared to October, 2011. SFR distressed inventory continued to fall as October’s inventory is at recent low. Year to date, SFR sales are up 15.1% while the median sales price is down 2.44%. Condo sales activity was very strong in October as sales was up 33% as compared to October, 2011. Coupled with strong sales activity, condo inventory continued to decline for its seventh straight month as inventory is down 11.8% as compared to October, 2011. The median sales price for condos remained steady at $104,000. Year to date, condo sales are up 8.7% while the median sales price is down 4.6%. Residential lot sales maintained its pace averaging about 90 lot sales per month, a 41% increase over 2011. The median sales price of residential lots remained steady at $33,250.
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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.
3,773
Georgetown Co. Total
3,838
Georgetown Co.
835
Residential Lot Horry Co.
384 Total
4,608
# Listings 1,861
Georgetown Co.
766 Total
4,222
2,627
Average List Price
$337,549
Average List Price
$188,605
Average List Price
$129,217
Median List Price
$219,900
Median List Price
$133,900
Median List Price
$60,000
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
1,096
89
Less than $100k
$150k - $250k
1,336
181
$250k - $500k
985
289
$500k - $1.0 MM $1 MM +
265 91
Horry Co.
G’town Co.
1,331
48
$100k - $150k
945
78
$150k - $200k
599
69
$200k - $400k
703
98
167 109
$400k -$750k
203
61
$750+
57
30
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
344
62
$25k - $50k
646
88
$50k - $75k
260
85
$75k-100k
184
107
$100k-175k
199
145
$175k -250k
103
127
$250k+
124
152
2
Grand Strand SFR Inventory Trends Grand Strand SFR Inventory 5,200
October 2012 4,608
# of Listings
5,000 4,800
October 2011 4,733
4,600 4,400 4,200 4,000
Grand Strand Distressed SFR Listings # of Distressed Listings
950 900 850
October 2011 791
800 750
October 2012 721
700 650 600
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3
Grand Strand Condo Inventory Trends Grand Strand Condo Inventory 5,400
# of Listings
5,200
October 2011 4,787
5,000 4,800
October 2012 4,222
4,600 4,400 4,200 4,000
Grand Strand Distressed Condo Listings 1000 950
October 2011 806
850 800
October 2012 614
750 700 650
Research performed by SiteTech Systems
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
Feb-11
Jan-11
Dec-10
Nov-10
600 Oct-10
# of Distressed
900
4
Closed Sales - SFR Year to Date
October 366
303
265
2010
2011
2012
2,970
3,132
2010
2011
3,604
2012
Historical Activity 550 500 450
March 2005 500
October 2012 366
400
350
January 2009 149
300 250 200 150 100 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
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Oct 10
Oct 11
'Oct 12
5
Average Sales Price - SFR October
Year to Date $235,926
$231,150
$231,764 $225,316
$215,454
$214,712
2010
2011
2012
2010
2011
2012
Historical Activity $375,000 $345,000
March 2007 $346,428
$315,000
September 2012 October 2012 $214,712 $197,947
$285,000 $255,000 $225,000 $195,000 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
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Oct 10
Oct 11
Oct 12
6
Median Sales Price - SFR Year to Date
October
$184,990 $189,950
$175,000
2010
2011
$173,500
$166,153
2012
2010
2011
$169,263
2012
Historical Activity $250,000 $240,000
June 2006 $242,310
$230,000 $220,000 $210,000 $200,000
September 2012 $159,900
$190,000
October 2012 $166,153
$180,000 $170,000 $160,000
$150,000 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
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Oct 10
Oct 11
Oct 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
$100,000
Research performed by SiteTech Systems
8
Median Sales Price – SFR Cash & Conventional Transactions $225,000
$215,000
$205,000
$195,000
$185,000
Cash
$175,000
Conventional Combined
$165,000
$155,000
$145,000
$135,000
$125,000
Research performed by SiteTech Systems
9
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 October
Year to Date 91%
91%
90%
89%
88%
88%
2010
2011
2010
2012
2011
2012
Historical Activity 99 97
Oct '05- Jan '06 98%
95
October 2012 91%
93 91 89 87
April 2011 86%
85 83 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
'Oct 12
11
Closed Sales - Condo October
Year to Date 3,291
350 273
263
2,942
2010
2011
2012
2010
3,028
2011
2012
Historical Activity 1050 850
May 2006 845
October 2012 350
650
January 2009 117
450 250 50 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
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Oct 10
Oct 11
Oct 12
12
Average Sales Price - Condo October
Year to Date
$150,149
$152,949
$149,010 $140,039 $133,611
$134,177
2010
2011
2010
2012
2011
2012
Historical Activity $400,000
June 2007 $348,053
$350,000 $300,000
$250,000
December 2010 $105,000
$200,000
October 2012 $133,611
$150,000
$100,000 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
Oct 12
13
Median Sales Price - Condo October
Year to Date
$120,000
$117,500 $109,950
$109,000 $103,550
2010
2011
$104,000
2010
2012
2011
2012
Historical Activity $275,000
June 2007 $249,921
$225,000
$175,000
November 2011 $93,450
$125,000
$75,000 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
October 2012 $103,500
Oct 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
$60,000
Research performed by SiteTech Systems
15
Median Sales Price – Condo Cash & Conventional Transactions $170,000
$150,000
$130,000
Cash
$110,000
Conventional Combined
$90,000
$70,000
$50,000
Research performed by SiteTech Systems
16
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%
Research performed by SiteTech Systems
17
Sold to List Price Ratio - Condo October
Year to Date
88%
89% 86%
85%
2010
2011
2012
86%
86%
2010
2011
2012
Historical Activity 105 100
Oct- Dec 2005 98%
October 2012 89%
95
April & May 2009 81%
90 85
80 75 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
Oct 12
18
Closed Sales – Residential Lot October
Year to Date 82
89
872 619 491
47
2010
2011
2010
2012
2011
2012
Historical Activity 310 260
April 2006 266
210
October 2012 89
160 110
January 2009 11
60
10 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
Oct 12
19
Average Sales Price – Residential Lot October
Year to Date
$83,124
$122,290
$66,991
$65,648
2011
2012
$67,283 $35,780
2010
2011
2010
2012
Historical Activity July 2008 $275,614
$300,000 $250,000 $200,000
October 2011 $35,780
$150,000
October 2012 $67,283
$100,000 $50,000 $0 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
Oct 12
20
Median Sales Price – Residential Lot October
Year to Date $45,000
$54,500 $35,000
$33,875
$33,250
2011
2012
$15,899
2010
2011
2012
2010
Historical Activity $150,000 $125,000
November 2005 $136,770
$100,000 $75,000
October 2012 $35,000
$50,000
$25,000 $0 Oct 05
November 2011 $15,000 Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
Oct 12
21
Median Sales Price – Res. Lot (Non-Distressed) October
Year to Date $45,000
$62,200
$47,500
$33,875
$33,250
2011
2012
$26,500
2010
2011
2012
2010
Historical Activity $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $-
March 2010 & January 2011 $85,000
October 2012 $47,500
October 2011 $23,250
Research performed by SiteTech Systems
22
Sold to List Price Ratio – Residential Lot October
Year to Date
70%
75%
70% 56%
2010
2011
2012
2010
70%
70%
2011
2012
Historical Activity 110 100
Oct & Nov 2005 101%
October 2012 70%
90 80 70 60
November 2011 47%
50
40 Oct 05
Oct 06
Oct 07
Oct 08
Oct 09
Research performed by SiteTech Systems
Oct 10
Oct 11
Oct 12
23
Grand Strand Distressed Inventory Single Family Residential
Condo/Townhome
# Listings
Residential Lot # Listings
# Listings
Horry Co.
640
Horry Co.
582
Horry Co.
281
Georgetown Co.
81
Georgetown Co.
32
Georgetown Co.
82
Total
Total
721
Total
614
Average List Price
$195,592
Average List Price
$118,802
Median List Price
$144,900
Median List Price
$89,900
363
Average List Price
$67,901
Median List Price
$35,350
Distribution by Price Range Horry Co.
G’town Co.
Less than $150k
375
28
$150k - $250k
162
31
$250k - $500k
78
14
$500k - $1.0 MM
22
6
$1 MM +
3
2
Horry Co.
G’town Co.
Less than $100k
345
12
$100k - $150k
104
5
$150k - $200k
64
5
$200k - $400k
60
3
$400k -$750k
9
7
$750+
-
-
Research performed by SiteTech Systems
Horry Co.
G’town Co.
Less than $25k
100
12
$25k - $50k
101
18
$50k - $75k
32
9
$75k-100k
17
16
$100k-175k
14
15
$175k -250K
10
8
$250K +
7
4
24
Distressed Sales SFR
Total
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Oct
Condo
Dec
Feb
Apr
Jun
Aug
Oct
% Total Sales 32 33
37 30
32 33
28 28 29 29 29 29
23
Oct
Dec
Feb
Apr
Jun
Aug
Oct
Oct
Dec
Research performed by SiteTech Systems
Feb
Apr
Jun
Aug
Oct
25
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Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
October 2012
Quick Facts
It's been a giant year for the housing market – and for sports teams named Giants. As we round out the remaining two months of the year, let's recap. Most markets shed listings, resulting from strong sales and sluggish seller activity. There has been a general easing of foreclosures and short sales, meaning distressed listings are dragging prices down less than in recent years. So it's both about market fundamentals and market composition. New Listings in the Coastal Carolinas region were up 12.9 percent for detached homes and 0.4 percent for condos. Pending Sales increased 72.7 percent for singlefamily homes and 41.5 percent for condos. The Median Sales Price was down 4.8 percent to $159,500 for single-family properties and 1.9 percent to $103,000 for condo units. Months Supply of Inventory decreased 28.9 percent for single-family units and 30.3 percent for townhousecondo units. The economy is growing but at a glacial pace, and economic growth in 2013 is expected to outpace 2012. Mortgage rates are expected to remain near historic lows through 2015, rents are expected to rise due to low vacancy, and financial situations in Europe, China and elsewhere, believe it or not, have an effect on your local housing market.
+ 24.0%
+ 17.8%
+ 32.1%
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® Multiple Listing Service. Provided by South Carolina REALTORS®. 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 10-2009
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2009
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
7,403
+ 2.9%
330
570
+ 72.7%
3,618
4,443
+ 22.8%
343
404
+ 17.8%
3,424
3,916
+ 14.4%
199
157
- 21.4%
180
171
- 4.9%
$167,475
$159,500
- 4.8%
$165,000
$160,000
- 3.0%
$219,828
$197,919
- 10.0%
$209,717
$203,237
- 3.1%
94.2%
95.5%
+ 1.3%
94.3%
95.1%
+ 0.9%
140
159
+ 16.6%
140
159
+ 16.6%
4,533
3,896
- 14.1%
--
--
--
13.1
9.4
- 28.9%
--
--
--
10-2012
Months Supply of Homes for Sale 10-2009
7,197
10-2012
Inventory of Homes for Sale 10-2009
+ 12.9%
10-2012
Housing Affordability Index +
716
10-2012
Percent of List Price Received 10-2009
634
10-2012
Average Sales Price 10-2009
+/–
10-2012
Median Sales Price 10-2009
YTD 2011 YTD 2012
10-2012
Days on Market Until Sale 10-2009
+/–
10-2012
Closed Sales 10-2009
10-2012
10-2012
Pending Sales 10-2009
10-2011
10-2012
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 10-2009
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
10-2009
10-2010
10-2011
10-2010
10-2011
10-2010
10-2011
5,709
- 6.1%
260
368
+ 41.5%
3,092
3,608
+ 16.7%
265
350
+ 32.1%
3,043
3,291
+ 8.1%
195
182
- 6.5%
182
174
- 4.3%
$105,000
$103,000
- 1.9%
$107,000
$103,000
- 3.7%
$154,308
$134,103
- 13.1%
$140,162
$135,071
- 3.6%
92.0%
94.0%
+ 2.2%
93.4%
93.8%
+ 0.4%
211
234
+ 16.2%
211
234
+ 16.2%
4,444
3,556
- 20.0%
--
--
--
15.2
10.6
- 30.3%
--
--
--
10-2012
Months Supply of Homes for Sale 10-2009
6,079
10-2012
Inventory of Homes for Sale 10-2009
+ 0.4%
10-2012
Housing Affordability Index +
546
10-2012
Percent of List Price Received 10-2009
544
10-2012
Average Sales Price 10-2009
+/–
10-2012
Median Sales Price 10-2009
YTD 2011 YTD 2012
10-2012
Days on Market Until Sale 10-2009
+/–
10-2012
Closed Sales 10-2009
10-2012
10-2012
Pending Sales 10-2009
10-2011
10-2012
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.
October
Year to Date 8,167
716 671
7,197
634 557
2010
2011
2012
-5.5%
+12.9%
Single-Family
2010
544
7,403 6,910
546
2011
2012
-2.3%
+0.4%
6,079
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
605
- 1.6%
559
+ 6.7%
December
456
- 7.9%
444
+ 3.5%
January
761
- 0.7%
697
+ 7.2%
February
702
- 8.8%
608
- 2.3%
March
804
- 10.9%
659
- 13.3%
April
740
0.0%
617
- 15.7%
May
806
+ 17.3%
601
+ 8.5%
Month
2011
2012
-11.9%
+2.9%
Single-Family
2010
5,709
2011
2012
-12.0%
-6.1%
June
751
+ 2.2%
503
- 15.9%
July
692
+ 6.8%
521
- 5.8%
August
754
+ 5.9%
502
- 10.5%
September
677
+ 12.3%
455
- 9.9%
October
716
+ 12.9%
546
+ 0.4%
8,464
+ 1.9%
6,833
- 4.7%
Total
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.
October
Year to Date 570 4,443
3,362
3,618
3,608
368 325
330
3,067
3,092
311 260
2010
2011
2012
+1.5%
+72.7%
Single-Family
2010
2011
2012
-16.4%
+41.5%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
297
+ 6.1%
235
- 3.7%
December
258
+ 7.9%
191
+ 7.9%
Month
2011
2012
+7.6%
+22.8%
Single-Family
2010
2011
2012
+0.8%
+16.7%
January
335
+ 13.9%
304
+ 12.2%
February
408
+ 19.3%
337
+ 1.5%
March
471
+ 10.6%
394
- 0.8%
April
433
+ 12.2%
428
+ 14.4%
May
470
+ 22.1%
358
+ 13.3%
June
460
+ 26.0%
351
+ 25.8%
July
446
+ 13.5%
341
+ 26.3%
August
445
+ 25.0%
377
+ 14.2%
September
405
+ 18.8%
350
+ 33.1%
October
570
+ 72.7%
368
+ 41.5%
4,998
+ 20.8%
4,094
+ 15.2%
Total
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.
October
Year to Date 404
3,916 350
343
3,240
288
2010
273
2011
2012
+19.1%
+17.8%
Single-Family
2010
3,424
3,291 2,946
3,043
265
2011
2012
-2.9%
+32.1%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
337
+ 32.2%
239
- 4.4%
December
323
- 1.8%
259
- 11.3%
Month
2011
2012
+5.7%
+14.4%
Single-Family
2010
2011
2012
+3.3%
+8.1%
January
273
+ 12.3%
210
0.0%
February
296
+ 17.5%
270
+ 13.0%
March
386
+ 6.6%
354
- 6.6%
April
368
+ 0.5%
355
- 4.6%
May
428
+ 18.9%
405
+ 14.7%
June
453
+ 11.9%
393
+ 10.7%
July
449
+ 28.7%
310
+ 9.2%
August
468
+ 19.7%
354
+ 22.9%
September
391
+ 10.8%
290
- 2.7%
October
404
+ 17.8%
350
+ 32.1%
4,576
+ 14.2%
3,841
+ 5.9%
Total
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.
October
Year to Date 171 199
180
182 171
171
174
195
182
182
180 157
2010
2011
2012
+9.5%
-21.4%
Single-Family
2010
2011
2012
+8.2%
-6.5%
2010
Condo
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
182
+ 6.9%
169
- 7.7%
December
176
+ 0.3%
165
- 10.7%
January
183
- 6.7%
183
- 1.9%
February
185
+ 16.4%
184
+ 5.0%
March
177
- 3.6%
166
- 2.7%
April
176
- 3.5%
170
- 1.1%
May
182
+ 13.0%
170
- 9.3%
June
175
- 4.6%
183
- 0.2%
July
162
- 11.2%
170
- 8.1%
August
172
- 1.4%
172
- 2.7%
September
150
- 15.7%
166
- 15.1%
October
157
- 21.4%
182
- 6.5%
Total
172
- 3.8%
173
- 5.0%
Month
2011
2012
+5.5%
-4.9%
Single-Family
2010
2011
2012
+6.3%
-4.3%
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.
October
Year to Date
$183,900 $167,475
$175,000 $165,000
$159,500
$160,000
$119,000
$117,000
$107,000
$105,000 $103,000
2010
2011
2012
-8.9%
-4.8%
2010
Single-Family
2011
2012
-10.3%
-1.9%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
157,090
- 13.1%
92,000
- 20.0%
December
162,248
- 1.7%
107,500
- 2.3%
January
159,900
+ 2.5%
93,500
- 13.0%
February
170,450
+ 3.3%
95,000
- 5.0% - 5.8%
Month
2011
2012
-5.7%
-3.0%
Single-Family
2010
$103,000
March
160,899
- 9.6%
103,550
April
158,000
+ 0.0%
115,500 + 15.5%
May
161,500
+ 0.9%
105,000
- 4.5%
June
157,907
- 11.3%
110,000
- 6.4%
July
166,463
+ 2.6%
95,000
- 13.6%
August
166,550
+ 2.3%
101,000
+ 1.1%
September
154,450
- 6.0%
102,000
- 6.2%
2011
2012
October
159,500
- 4.8%
103,000
- 1.9%
-10.1%
-3.7%
Median
160,000
- 3.4%
105,000
- 4.5%
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.
October
Year to Date
$220,130 $219,828
$217,788
$209,717
$197,919
$203,237
$151,474 $154,308
$148,912 $134,103
2010
2011
2012
- 0.1%
- 10.0%
2010
Single-Family
2011
2012
+ 1.9%
- 13.1%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
205,641
- 11.6%
132,004
- 17.3%
December
221,155 + 12.9%
132,909
- 4.8%
January
203,310
+ 5.2%
123,343
- 14.1%
February
205,050
- 1.9%
129,473
+ 3.1% - 9.2%
Month
2011
2012
- 3.7%
- 3.1%
Single-Family
2010
$140,162
$135,071
March
210,954
- 8.8%
130,487
April
193,804
- 7.3%
143,335 + 10.3%
May
200,975
+ 2.3%
143,856
- 3.7%
June
214,988
- 4.6%
142,844
- 2.6%
July
206,005
+ 1.2%
135,561
- 6.7%
August
208,210
+ 6.4%
129,686
+ 4.9%
September
188,486
- 9.2%
128,631
- 6.5%
2011
2012
October
197,919
- 10.0%
134,103
- 13.1%
- 5.9%
- 3.6%
Average
186,396
- 4.5%
134,672
- 4.7%
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.
October
Year to Date 94.6%
95.0%
2010
94.2%
95.5%
2011
2012
-0.8%
+1.3%
Single-Family
93.4%
2010
92.0%
94.3%
95.1%
93.8%
93.4%
93.8%
94.0%
2011
2012
-1.5%
+2.2%
2010
Condo
2011
2012
-0.4%
+0.9%
Single-Family
2010
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
94.2%
+ 0.4%
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
94.5%
- 0.8%
92.9%
- 0.6%
April
95.0%
+ 1.2%
94.7%
+ 0.9%
May
95.3%
+ 1.5%
93.7%
- 0.1%
June
96.1%
+ 1.9%
93.9%
+ 0.6%
July
94.8%
+ 0.6%
94.3%
+ 2.6%
August
94.6%
+ 0.7%
93.9%
- 1.1%
September
94.8%
+ 0.1%
94.0%
+ 0.9%
2011
2012
October
95.5%
+ 1.3%
94.0%
+ 2.2%
-0.4%
+0.4%
Average
90.4%
+ 2.4%
88.4%
+ 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
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.
October
Year to Date 234
234
211
211
192
192
159 127
2010
159
140
127
2011
2012
+2.0%
+16.6%
Single-Family
2010
2011
2012
+3.4%
+16.2%
Condo
2010
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
147
+ 9.5%
233
+ 10.0%
December
144
+ 12.5%
208
+ 18.2%
Month
140
2011
2012
+2.0%
+16.6%
Single-Family
2010
January
148
+ 3.2%
235
+ 3.5%
February
144
+ 6.2%
237
+ 19.8%
March
150
+ 8.9%
223
+ 15.6%
April
152
+ 20.4%
204
+ 15.8%
May
150
+ 10.3%
220
- 1.0%
June
155
+ 8.4%
216
+ 13.0%
July
151
+ 20.1%
244
+ 14.5%
August
151
+ 8.3%
234
+ 22.8%
September
164
+ 7.7%
237
+ 8.6%
2011
2012
October
159
+ 16.6%
234
+ 16.2%
+3.4%
+16.2%
Average
151
+ 11.0%
227
+ 13.1%
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.
October 5,056
4,981 4,533
4,444 3,896
2010
2011 -10.3% Single-Family
3,556
2010
2012
2011 -10.8% Condo
-14.1%
Month
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
4,508
- 9.8%
4,462
- 9.1%
December
4,240
- 10.5%
4,307
- 8.5%
January
4,303
- 9.5%
4,383
- 6.2%
February
4,302
- 10.9%
4,393
- 6.3%
March
4,287
- 12.8%
4,351
- 7.8%
April
4,287
- 12.0%
4,216
- 11.3%
May
4,264
- 11.4%
4,183
- 11.4%
June
4,255
- 11.5%
4,049
- 13.9%
July
4,171
- 11.5%
3,959
- 14.7%
August
4,177
- 10.6%
3,843
- 15.6%
September
4,134
- 9.3%
3,675
- 17.9%
2012
October
3,896
- 14.1%
3,556
- 20.0%
-20.0%
Average
3,098
- 15.9%
3,629
- 19.7%
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.
October
SingleFamily
YoY Chg.
Condo
YoY Chg.
November
13.0
- 15.6%
15
- 9.3%
December
12.2
- 16.7%
14.7
- 9.3%
Month
17.3 15.7
15.2 13.1 10.6
9.4
2010
2011 -16.2% Single-Family
2012
2010
-28.9%
2011 -12.2% Condo
January
12.3
- 16.7%
14.8
- 8.4%
February
12.1
- 18.9%
14.8
- 6.6%
March
11.9
- 20.8%
14.7
- 6.5%
April
11.8
- 22.7%
14.0
- 11.4%
May
11.5
- 21.9%
13.8
- 11.9%
June
11.2
- 22.9%
13.1
- 16.9%
July
10.9
- 22.3%
12.5
- 19.3%
August
10.7
- 22.4%
12.0
- 21.0%
September
10.4
- 21.3%
11.2
- 25.5%
2012
October
9.4
- 28.9%
10.6
- 30.3%
-30.3%
Average
8.5
- 29.7%
10.6
- 30.3%
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
October 2012
Quick Facts
With the race to 2013 underway, it's hard to resist the temptation to see just how 2012 is stacking up. For the 12-month period spanning November 2011 through October 2012, Closed Sales in the Coastal Carolinas region were up 10.2 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 15.0 percent. The overall Median Sales Price was down 1.8 percent to $137,500. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.4 percent to $160,000. The price range that tended to sell the quickest was the $150,000 and Below range at 162 days; the price range that tended to sell the slowest was the $300,001 and Above range at 206 days. Market-wide, inventory levels were down 17.0 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 14.1 percent. That amounts to 9.4 months supply for SingleFamily homes and 10.6 months supply for Condos.
+ 15.0%
+ 11.3%
+ 13.6%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$150,000 and Below
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 10-2011
By Property Type
By Bedroom Count
10-2012
10-2011
10-2011
10-2012 4,182
4,535
10-2012 4,007
3,758
3,944
2,251
2,469 3,571
3,528 1,345
1,320
1,451 801
831
956 547
1,447
3,414
957
591
+ 15.0%
+ 7.9%
+ 3.7%
+ 8.0%
+ 0.1%
+ 9.7%
+ 11.3%
+ 9.6%
+ 13.6%
+ 4.6%
$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
Single-Family Homes
Condos
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
$150,000 and Below
3,944
4,535
+ 15.0%
1,585
1,963
+ 23.8%
2,359
2,572
+ 9.0%
$150,001 to $200,000
1,345
1,451
+ 7.9%
842
946
+ 12.4%
503
505
+ 0.4%
$200,001 to $250,000
801
831
+ 3.7%
529
545
+ 3.0%
272
286
+ 5.1%
$250,001 to $300,000
547
591
+ 8.0%
377
410
+ 8.8%
170
181
+ 6.5%
$300,001 and Above
956
957
+ 0.1%
675
712
+ 5.5%
281
245
- 12.8%
7,593
8,365
+ 10.2%
3,528
4,007
+ 13.6%
3,414
3,571
+ 4.6%
All Price Ranges
By Bedroom Count
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
2 Bedrooms or Less
2,251
2,469
+ 9.7%
236
314
+ 33.1%
2,015
2,155
+ 6.9%
3 Bedrooms
3,758
4,182
+ 11.3%
2,577
2,939
+ 14.0%
1,181
1,243
+ 5.2%
4 Bedrooms or More
1,320
1,447
+ 9.6%
1,195
1,322
+ 10.6%
125
125
0.0%
All Bedroom Counts
7,593
8,365
+ 10.2%
3,528
4,007
+ 13.6%
3,414
3,571
+ 4.6%
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 | 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 10-2011
10-2011 219 187
170
162
By Property Type
By Bedroom Count
10-2012
174
174
184
195
194
10-2011
10-2012
10-2012 182
200 206 179 186 178
176 170
171
173
172
- 4.7%
- 7.1%
+ 5.5%
- 0.6%
- 5.9%
- 4.8%
- 2.6%
- 6.8%
- 3.8%
- 5.0%
$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
10-2011
10-2012
Change
10-2011
10-2012
$150,000 and Below
170
162
- 4.7%
166
$150,001 to $200,000
187
174
- 7.1%
179
$200,001 to $250,000
174
184
+ 5.5%
$250,001 to $300,000
195
194
- 0.6%
$300,001 and Above
219
206
All Price Ranges
181
By Bedroom Count
Condos
Change
10-2011
10-2012
Change
163
- 2.1%
173
162
- 6.4%
161
- 10.1%
202
199
- 1.2%
167
180
+ 7.8%
188
191
+ 1.7%
182
189
+ 3.7%
226
208
- 7.9%
- 5.9%
223
204
- 8.8%
210
216
+ 2.9%
173
- 4.4%
179
172
- 3.8%
182
173
- 5.0%
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
2 Bedrooms or Less
178
170
- 4.8%
174
171
- 1.3%
179
169
- 5.2%
3 Bedrooms
176
171
- 2.6%
171
167
- 2.3%
186
181
- 2.8%
4 Bedrooms or More
200
186
- 6.8%
197
184
- 6.7%
225
211
- 6.3%
All Bedroom Counts
181
173
- 4.4%
179
172
- 3.8%
182
173
- 5.0%
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 10-2011
By Property Type 10-2011
10-2012
10-2012 $165,640
$255,000
$250,000
$140,000
$160,000
$137,500 $110,000
$150,000 $95,000
$105,000
$149,668
$89,500
- 5.8%
- 0.2%
- 2.0%
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
- 1.8%
All Properties
- 3.4%
All Properties
Single-Family Homes
Single-Family Homes
- 4.5% Condos
Condos
By Bedroom Count
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
2 Bedrooms or Less
$95,000
$89,500
- 5.8%
$96,000
$95,000
- 1.0%
$95,000
$88,000
- 7.4%
3 Bedrooms
$150,000
$149,668
- 0.2%
$150,000
$148,000
- 1.3%
$155,000
$153,250
- 1.1%
4 Bedrooms or More
$255,000
$250,000
- 2.0%
$250,000
$245,901
- 1.6%
$285,000
$299,875
+ 5.2%
All Bedroom Counts
$140,000
$137,500
- 1.8%
$165,640
$160,000
- 3.4%
$110,000
$105,000
- 4.5%
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 | 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 10-2011
By Property Type
By Bedroom Count
10-2012
10-2011
10-2011
10-2012
10-2012
95.8%
95.6%
95.0%
95.3%
95.2% 94.8%
94.3%
94.1% 93.8% 93.3%
93.3%
95.0%
94.8%
94.6%
94.8%
93.1%
93.7%
93.4%
93.2%
93.4%
+ 0.5%
+ 0.4%
+ 0.5%
+ 1.1%
+ 0.9%
+ 0.1%
+ 0.4%
+ 1.5%
+ 0.7%
+ 0.3%
$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
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
$150,000 and Below
93.3%
93.8%
+ 0.5%
93.4%
94.2%
+ 0.9%
93.2%
93.6%
+ 0.4%
$150,001 to $200,000
95.2%
95.6%
+ 0.4%
95.7%
96.3%
+ 0.6%
94.2%
94.2%
0.0%
$200,001 to $250,000
94.8%
95.3%
+ 0.5%
95.4%
96.1%
+ 0.7%
93.5%
93.7%
+ 0.2%
$250,001 to $300,000
94.8%
95.8%
+ 1.1%
95.9%
96.2%
+ 0.3%
92.4%
94.6%
+ 2.4%
$300,001 and Above
93.3%
94.1%
+ 0.9%
92.9%
94.1%
+ 1.3%
94.4%
94.2%
- 0.2%
All Price Ranges
93.9%
94.4%
+ 0.5%
94.3%
95.0%
+ 0.7%
93.4%
93.7%
+ 0.3%
By Bedroom Count
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
2 Bedrooms or Less
93.1%
93.2%
+ 0.1%
91.5%
92.1%
+ 0.7%
93.3%
93.4%
+ 0.1%
3 Bedrooms
94.6%
95.0%
+ 0.4%
94.9%
95.4%
+ 0.5%
93.9%
94.2%
+ 0.3%
4 Bedrooms or More
93.4%
94.8%
+ 1.5%
93.5%
94.8%
+ 1.4%
93.3%
94.4%
+ 1.2%
All Bedroom Counts
93.9%
94.4%
+ 0.5%
94.3%
95.0%
+ 0.7%
93.4%
93.7%
+ 0.3%
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 10-2011
By Property Type
By Bedroom Count
10-2012
10-2011
10-2011
10-2012
4,533
4,043
3,813
10-2012 4,444 3,896
3,226
3,069
3,556
2,824 2,056 1,452
1,205
947
780
709
2,304 1,861
1,820
1,696
578
- 19.5%
- 17.0%
- 17.6%
- 18.5%
- 11.5%
- 18.4%
- 20.2%
- 8.9%
- 14.1%
- 20.0%
$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
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
$150,000 and Below
3,813
3,069
- 19.5%
1,384
1,080
- 22.0%
2,429
1,989
- 18.1%
$150,001 to $200,000
1,452
1,205
- 17.0%
802
675
- 15.8%
650
530
- 18.5%
$200,001 to $250,000
947
780
- 17.6%
573
514
- 10.3%
374
266
- 28.9%
$250,001 to $300,000
709
578
- 18.5%
427
364
- 14.8%
282
214
- 24.1%
$300,001 and Above
2,056
1,820
- 11.5%
1,347
1,263
- 6.2%
709
557
- 21.4%
All Price Ranges
8,977
7,452
- 17.0%
4,533
3,896
- 14.1%
4,444
3,556
- 20.0%
By Bedroom Count
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
2 Bedrooms or Less
2,824
2,304
- 18.4%
310
224
- 27.7%
2,514
2,080
- 17.3%
3 Bedrooms
4,043
3,226
- 20.2%
2,596
2,167
- 16.5%
1,447
1,059
- 26.8%
4 Bedrooms or More
1,861
1,696
- 8.9%
1,626
1,504
- 7.5%
235
192
- 18.3%
All Bedroom Counts
8,977
7,452
- 17.0%
4,533
3,896
- 14.1%
4,444
3,556
- 20.0%
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 | 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 10-2011
By Property Type
By Bedroom Count
10-2012
10-2011 26.2
10-2012
10-2011
15.2
16.3
15.3
13.1
21.2
13.3
12.8
10.6 9.4
10.6
11.4
9.1
7.5
15.4
14.1
13.0
10.4
10-2012
8.4 11.3
- 34.0%
- 30.1%
- 26.7%
- 26.8%
- 19.1%
- 30.6%
- 34.4%
- 18.5%
- 28.9%
- 30.3%
$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
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
$150,000 and Below
11.4
7.5
- 34.0%
10.0
6.0
- 39.8%
$150,001 to $200,000
13.0
9.1
- 30.1%
11.3
7.9
- 29.9%
$200,001 to $250,000
14.1
10.4
- 26.7%
12.8
10.1
$250,001 to $300,000
15.4
11.3
- 26.8%
13.2
10.3
$300,001 and Above
26.2
21.2
- 19.1%
23.5
All Price Ranges
14.1
9.9
- 29.7%
By Bedroom Count
10-2012
Change
12.4
8.7
- 29.7%
16.0
11.3
- 29.7%
- 21.0%
16.8
10.9
- 35.4%
- 22.0%
20.6
13.4
- 34.8%
19.6
- 16.5%
33.6
26.0
- 22.7%
13.1
9.4
- 28.9%
15.2
10.6
- 30.3%
10-2011
10-2012
Change
10-2011
10-2012
Change
10-2011
10-2012
Change
2 Bedrooms or Less
15.3
10.6
- 30.6%
15.4
8.1
- 47.5%
15.3
11.0
- 28.1%
3 Bedrooms
12.8
8.4
- 34.4%
11.8
8.0
- 32.5%
15.0
9.4
- 37.7%
4 Bedrooms or More
16.3
13.3
- 18.5%
15.5
12.9
- 17.1%
24.3
17.2
- 29.3%
All Bedroom Counts
14.1
9.9
- 29.7%
13.1
9.4
- 28.9%
15.2
10.6
- 30.3%
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 | 7