December 2010 With the year now wrapped up, it’s time to look back on 2010 and survey the landscape. The Median Sales Price of single-family homes in the region decreased by percent during $272,450. Condo prices y 4.4 p g the yyear to arrive at $ , p dropped more aggressively during the year, by 29.3 percent, to $152,000. This was due to the surge of sales among the $100,000 and below price range for both property types. Larger condos, priced over $375,000, actually saw healthy increases in sales, but because the majority of sales took place in the lower bracket, it pulled prices down overall. Sales for both property types did increase compared to the previous twelve months. Single-family sales were up by 6.1 percent, which represented 106 additional sales, and condos were up by 37.7 percent, representing 231 additional sales. At the end of 2010, inventory of single-family homes was at 2,056 properties, a decrease of 11.2 percent from last year, while there were 11.0 percent fewer condo units than last year, with 952 available for sale. Months Supply of Inventory was down in all segments – which was very welcome news – except for condos with 4 bedrooms or more, which increased by 42.9 percent to 20.0 months. Single-family homes with 2 bedrooms or less had the smallest supply at 10.0 months, a decrease of 14.0 percent from last year.
Number of Bedrooms Analysis Inventory Months Supply Home Sales Percent of List Price Received Median Sales Price Days on Market Until Sale
2 2 3 3 4 4
Price Range Analysis Inventory Months Supply Home Sales Percent of List Price Received Days on Market Until Sale
5 6 7 8 9
All data provided by Multiple Listing Service of Hilton Head Island ©2010 HHIMLS - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS®
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Housing Supply Outlook December 2010 Inventory of Homes and Condominiums 12-2009
12-2010
Change
3,385 2,315 1,070 1,072
3,008 2,056 952 918
-11.1% -11.2% -11.0% -14.4%
Single-Family Condo
267 805
248 670
-7.1% -16.8%
All Single-Family Condo 2 Bedrooms and Under
3 Bedrooms
1,288
1,197
-7.1%
Single-Family Condo
1,043 245
939 258
-10.0% +5.3%
4 Bedrooms or More
1,025
893
-12.9%
Single-Family Condo
1,005 20
869 24
-13.5% +20.0%
December 2009
3,385 3,008
1,072
1,288
1,197
918
12-2010
Change
All Single-Family Condo 2 Bedrooms and Under
17.7 16.3 21.9 17.5
13.5 13.4 13.7 11.4
-23.8% -17.6% -37.5% -35.0%
Single-Family Condo
11.6 21.1
10.0 12.0
-14.0% -43.0%
3 Bedrooms
15.9
13.6
-14.7%
Single-Family Condo
14.6 25.6
12.6 19.2
-14.1% -24.8%
4 Bedrooms or More
21.0
16.5
-21.6%
Single-Family Condo
20.9 14.0
16.2 20.0
-22.8% +42.9%
1,025
893
-11.1%
-14.4%
-7.1%
-12.9%
All
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
Months Supply of Inventory 12-2009
December 2010
December 2009
December 2010
21.0 17.7
17.5
16.5
15.9 13.6
13.5 11.4
-23.8%
-35.0%
-14.7%
-21.6%
All
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Pending Home Sales Last Twelve Months 1-2009 through 12-2009
1-2010 through 12-2010
Change
2,347 1,734 613 755
2,684 1,840 844 968
+14.4% +6.1% +37.7% +28.2%
Single-Family Condo
280 475
299 669
+6.8% +40.8%
3 Bedrooms
988
1,057
+7.0%
Single-Family Condo
867 121
896 161
+3.3% +33.1%
4 Bedrooms or More
604
659
+9.1%
Single-Family Condo
587 17
645 14
+9.9% -16.0%
All Single-Family Condo 2 Bedrooms and Under
2,684
January 2009 through December 2009
January 2010 through December 2010
2,347
968
988
1,057
755
+14.4% All
604
659
+28.2%
+7.0%
+9.1%
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
Percent Of List Price Received Last Twelve Months January 2009 through December 2009
1-2009 through 12-2009
1-2010 through 12-2010
Change
All Single-Family Condo 2 Bedrooms and Under
93.4% 91.4% 94.0% 92.1%
93.8% 93.5% 93.9% 93.7%
+0.5% +2.3% -0.1% +1.8%
Single-Family Condo
93.4% 91.3%
93.8% 93.7%
+0.5% +2.6%
3 Bedrooms
94.4%
94.0%
-0.5%
Single-Family Condo
94.7% 92.2%
94.3% 92.4%
-0.5% +0.2%
4 Bedrooms or More
93.3%
93.5%
+0.2%
Single-Family Condo
93.3% 91.1%
93.5% 89.3%
+0.3% -2.0%
93.8%
93.4%
+0.5% All
92.1%
93.7%
94.4%
+1.8% 2 Bedrooms and Under
94.0%
January 2010 through December 2010
93.3%
93.5%
-0.5%
+0.2%
3 Bedrooms
4 Bedrooms or More
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Median Sales Price Last Twelve Months 1-2009 through 12-2009
1-2010 through 12-2010
Change
All Single-Family Condo 2 Bedrooms and Under
$266,500 $285,000 $215,000 $179,500
$234,900 $272,450 $152,000 $160,000
-11.9% -4.4% -29.3% -10.9%
Single-Family Condo
$185,000 $170,000
$182,250 $125,000
-1.5% -26.5%
3 Bedrooms
$292,000 $267,986
-8.2%
Single-Family Condo
$282,750 $335,000
-8.2% -6.9%
4 Bedrooms or More
$493,750 $495,000
+0.3%
Single-Family Condo
$484,000 $575,000
+2.3% +49.1%
$259,500 $312,000 $495,000 $857,500
January 2009 through December 2009
$266,500
January 2010 through December 2010
$493,750 $495,000
$292,000 $234,900 $179,500
$267,986
$160,000
-11.9%
-10.9%
-8.2%
+0.3%
All
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
Days on Market Until Sale Last Twelve Months 1-2009 through 12-2009
1-2010 through 12-2010
January 2009 through December 2009
January 2010 through December 2010
Change
All Single-Family Condo 2 Bedrooms and Under
153 150 163 157
143 141 145 133
-7.1% -5.8% -11.0% -15.6%
Single-Family Condo
142 166
128 135
-9.7% -18.9%
3 Bedrooms
142
137
-4.1%
Single-Family Condo
141 156
127 188
-9.7% +20.3%
4 Bedrooms or More
168
167
-0.6%
Single-Family Condo
169 155
167 187
-0.9% +20.7%
168
157
153
143
133
142
167
137
-7.1%
-15.6%
-4.1%
-0.6%
All
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Inventory of Homes and Condominiums for Sale All Price Range
12-2009
12-2010
Single-Family Change
12-2009
Condo
12-2010
Change
12-2009
12-2010
Change
$100,000 and Below
248
206
-16.9%
80
84
+5.0%
168
122
-27.4%
$100,001 to $225,000
811
684
-15.7%
532
488
-8.3%
279
196
-29.7%
$225,001 to $375,000
671
658
-1.9%
412
380
-7.8%
259
278
+7.3%
$375,001 to $650,000
817
674
-17.5%
557
417
-25.1%
260
257
-1.2%
$650,001 and Above
845
800
-5.3%
737
688
-6.6%
108
112
+3.7%
3,392
3,022
-10.9%
2,318
2,057
-11.3%
1,074
965
-10.1%
All Price Ranges
December 2009
845
817
811
800
December 2010
684
671
658
674
248 206
-16.9% $100,000 and Below
-15.7% $100,001 to $225,000
-1.9% $225,001 to $375,000
-17.5%
-5.3%
$375,001 to $650,000
$650,001 and Above
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Months Supply of Inventory All Price Range
Single-Family
Condo
12-2009
12-2010
Change
12-2009
12-2010
Change
12-2009
12-2010
$100,000 and Below
15.1
4.9
-67.7%
13.3
6.1
-54.2%
16.1
4.3
Change -73.4%
$100,001 to $225,000
13.6
11.0
-19.1%
11.6
10.4
-10.7%
20.0
12.9
-35.5%
$225,001 to $375,000
13.8
13.2
-4.6%
11.7
10.4
-10.7%
19.5
20.7
+6.0% -14.4%
$375,001 to $650,000
21.2
15.8
-25.6%
18.6
12.7
-31.6%
30.3
25.9
$650,001 and Above
29.8
29.6
-0.7%
28.9
29.3
+1.3%
31.8
32.0
+0.7%
All Price Ranges
17.7
13.5
-23.8%
16.3
13.4
-17.6%
21.9
13.7
-37.5%
December 2009
December 2010
29.8
29.6
21.2
15.8
15.1
13.8
13.6
13.2
11.0
4.9
-67.7%
-19.1%
-4.6%
-25.6%
-0.7%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Pending Home Sales Last Twelve Months All January 2009 through December 2009
Price Range
Single-Family
January 2010 through December 2010
Change
January 2009 through December 2009
Condo
January 2010 through December 2010
Change
January 2009 through December 2009
January 2010 through December 2010
Change
$100,000 and Below
216
506
+134.3%
75
165
+120.0%
141
341
+141.8%
$100,001 to $225,000
730
745
+2.1%
563
563
0.0%
167
182
+9.0%
$225,001 to $375,000
572
599
+4.7%
409
438
+7.1%
163
161
-1.2%
$375,001 to $650,000
477
512
+7.3%
369
393
+6.5%
108
119
+10.2%
$650,001 and Above
359
324
-9.6%
319
282
-11.6%
40
42
+6.1%
2,354
2,686
+14.1%
1,735
1,841
+6.1%
619
845
+36.6%
All Price Ranges
730
745 January 2009 through December 2009
572
January 2010 through December 2010
599 512
506
477
359 324 216
+134.3% $100,000 and Below
+2.1% $100,001 to $225,000
+4.7%
+7.3%
-9.6%
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Percent of List Price Received Last Twelve Months All January 2009 through December 2009
Price Range
Single-Family
Condo
January 2010 through December 2010
Change
January 2009 through December 2009
January 2010 through December 2010
Change
January 2009 through December 2009
January 2010 through December 2010
Change
$100,000 and Below
91.8%
94.7%
+3.1%
94.2%
92.7%
-1.6%
90.6%
95.5%
+5.4%
$100,001 to $225,000
95.0%
94.8%
-0.1%
96.1%
95.6%
-0.5%
91.3%
92.5%
+1.3%
$225,001 to $375,000
93.9%
93.7%
-0.2%
94.7%
94.3%
-0.4%
91.9%
92.2%
+0.3%
$375,001 to $650,000
93.3%
93.4%
+0.1%
93.7%
93.8%
+0.1%
92.1%
92.1%
-0.0%
$650,001 and Above
90.1%
91.3%
+1.4%
90.0%
91.1%
+1.3%
90.6%
92.3%
+1.9%
All Price Ranges
93.4%
93.8%
+0.5%
91.4%
93.5%
+2.3%
94.0%
93.9%
-0.1%
January 2009 through December 2009
94.7%
95.0%
January 2010 through December 2010
94.8% 93.9%
93.7%
93.3%
93.4%
91.8%
91.3% 90.1%
+3.1%
-0.1%
-0.2%
+0.1%
+1.4%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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Housing Supply Outlook December 2010 Days on Market Until Sale Last Twelve Months All January 2009 through December 2009
Price Range
Single-Family
January 2010 through December 2010
Change
January 2009 through December 2009
Condo
January 2010 through December 2010
Change
January 2009 through December 2009
January 2010 through December 2010
Change
-17.3%
$100,000 and Below
93
81
-12.7%
82
80
-2.5%
99
82
$100,001 to $225,000
135
123
-9.0%
126
114
-9.4%
162
147
-9.6%
$225,001 to $375,000
154
139
-9.4%
144
121
-15.8%
180
185
+3.0%
$375,001 to $650,000
173
185
+6.9%
161
171
+6.7%
217
232
+7.3%
$650,001 and Above
201
211
+5.2%
204
210
+3.1%
171
214
+25.7%
All Price Ranges
153
143
-7.1%
150
141
-5.8%
163
145
-11.0%
January 2009 through December 2009
January 2010 through December 2010
201 173
211
185
154 139
135 123 93
81
-12.7%
-9.0%
-9.4%
+6.9%
+5.2%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
All data provided by Multiple Listing Service of Hilton Head Island - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS速
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