August 2010 Over the last 12 months, total pending sales in the area have increased 33.2 percent. Condo sales were up 66.6 percent since last August 4 percent August, while single-family homes were up 22 22.4 percent. The total inventory of homes for sale was down 10.7 percent overall from a year ago. The price range where inventory decreased the most was the $650,001 and above breakout, down 17.7 percent, while the inventory for homes priced $100,000 and below was up 13.9 percent. The median sales price of single-family homes over the last 12 months was $279,500, up 1.6 percent from a year ago. For condos, it was down 27.0 percent to $170,000.
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 Š2010 HHIMLS - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORSŽ
1
Housing Supply Outlook August 2010 Inventory of Homes for Sale 8-2009
8-2010
Change
3,995 2,767 1,228 1,241
3,567 2,467 1,100 1,096
- 10.7% - 10.8% - 10.4% - 11.7%
Single-Family Condo
320 921
300 796
- 6.3% - 13.6%
All Single-Family Condo 2 Bedrooms and Under
3 Bedrooms
1,514
1,400
- 7.5%
Single-Family Condo
1,235 279
1,118 282
- 9.5% + 1.1%
4 Bedrooms or More
1,240
1,071
- 13.6%
Single-Family Condo
1,212 28
1,049 22
- 13.4% - 21.4%
3,995
August 2009
3,567
1,514 1,241
1,400
1,096
8-2010
Change
All Single-Family Condo 2 Bedrooms and Under
24.2 22.0 31.3 24.4
15.8 15.7 16.0 13.5
- 34.9% - 28.8% - 48.8% - 44.6%
Single-Family Condo
15.8 30.0
11.4 14.5
- 27.9% - 51.7%
3 Bedrooms
20.8
15.7
- 24.5%
Single-Family Condo
19.0 34.5
14.6 22.0
- 23.2% - 36.3%
4 Bedrooms or More
30.1
19.4
- 35.5%
Single-Family Condo
29.9 21.0
19.2 16.5
- 35.6% - 21.4%
1,240
1,071
- 10.7%
- 11.7%
- 7.5%
- 13.6%
All
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
Months Supply of Inventory 8-2009
August 2010
August 2009
August 2010
30.1 24.4
24.2
20.8 15.8
19.4 15.7
13.5
- 34.9%
- 44.6%
- 24.5%
- 35.5%
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
2
Housing Supply Outlook August 2010 Pending Home Sales Last Twelve Months 9-2008 through 8-2009
9-2009 through 8-2010
Change
2,039 1,542 497 630
2,716 1,888 828 974
+ 33.2% + 22.4% + 66.6% + 54.6%
Single-Family Condo
247 383
316 658
+ 27.9% + 71.8%
3 Bedrooms
891
1,071
+ 20.2%
Single-Family Condo
794 97
917 154
+ 15.5% + 58.8%
4 Bedrooms or More
518
671
+ 29.5%
Single-Family Condo
501 17
655 16
+ 30.7% - 6.7%
All Single-Family Condo 2 Bedrooms and Under
2,716
September 2008 through August 2009
September 2009 through August 2010
2,039
974
1,071 891 671
630
+ 33.2% All
518
+ 54.6%
+ 20.2%
+ 29.5%
2 Bedrooms and Under
3 Bedrooms
4 Bedrooms or More
Percent Of List Price Received Last Twelve Months September 2008 through August 2009
9-2008 through 8-2009
9-2009 through 8-2010
Change
All Single-Family Condo 2 Bedrooms and Under
93.4% 91.6% 93.9% 92.3%
93.8% 93.3% 94.0% 93.5%
+ 0.4% + 1.8% + 0.1% + 1.3%
Single-Family Condo
93.4% 91.5%
93.7% 93.4%
+ 0.3% + 2.1%
3 Bedrooms
94.5%
94.2%
- 0.3%
Single-Family Condo
94.7% 92.4%
94.5% 92.5%
- 0.3% + 0.2%
4 Bedrooms or More
92.9%
93.5%
+ 0.7%
Single-Family Condo
92.9% 90.8%
93.6% 89.2%
+ 0.7% - 1.7%
93.8%
93.4%
+ 0.4% All
92.3%
93.5%
94.5%
+ 1.3% 2 Bedrooms and Under
94.2%
September 2009 through August 2010
92.9%
93.5%
- 0.3%
+ 0.7%
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
3
Housing Supply Outlook August 2010 Median Sales Price Last Twelve Months 9-2008 through 8-2009
9-2009 through 8-2010
Change
All Single-Family Condo 2 Bedrooms and Under
$268,250 $275,000 $233,000 $188,125
$247,500 $279,500 $170,000 $165,450
- 7.7% + 1.6% - 27.0% - 12.1%
Single-Family Condo
$181,840 $195,000
$180,000 $134,000
- 1.0% - 31.3%
3 Bedrooms
$280,000 $283,000
+ 1.1%
Single-Family Condo
$275,000 $335,000
- 3.6% - 0.0%
4 Bedrooms or More
$495,000 $500,000
+ 1.0%
Single-Family Condo
$495,000 $582,500
+ 0.5% + 2.8%
$265,000 $335,000 $497,500 $599,000
September 2008 through August 2009
$268,250
September 2009 through August 2010
$495,000 $500,000
$280,000 $283,000 $247,500 $188,125
$165,450
- 7.7%
- 12.1%
+ 1.1%
All
2 Bedrooms and Under
3 Bedrooms
+ 1.0% 4 Bedrooms or More
Days on Market Until Sale Last Twelve Months 9-2008 through 8-2009
9-2009 through 8-2010
Change
All Single-Family Condo 2 Bedrooms and Under
148 141 170 153
147 148 144 138
- 0.5% + 5.4% - 15.3% - 9.2%
Single-Family Condo
121 173
136 140
+ 12.5% - 19.3%
September 2008 through August 2009
3 Bedrooms
137
139
+ 1.6%
Single-Family Condo
133 161
134 165
+ 0.6% + 2.8%
4 Bedrooms or More
163
174
+ 6.6%
Single-Family Condo
163 155
174 156
+ 6.7% + 0.4%
September 2009 through August 2010
174 163 148
147
153 138
137
139
- 0.5%
- 9.2%
+ 1.6%
+ 6.6%
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
4
Housing Supply Outlook August 2010 Inventory of Homes for Sale All Price Range
8-2009
Single-Family
8-2010
Change
8-2009
Condo
8-2010
Change
8-2009
8-2010
Change
$100,000 and below
230
262
+ 13.9%
57
106
+ 86.0%
173
156
- 9.8%
$100,001 to $225,000
920
800
- 13.0%
597
558
- 6.5%
323
242
- 25.1%
$225,001 to $375,000
794
764
- 3.8%
494
461
- 6.7%
300
303
+ 1.0%
$375,001 to $650,000
946
832
- 12.1%
636
551
- 13.4%
310
281
- 9.4%
$650,001 and above
1,117
919
- 17.7%
986
792
- 19.7%
131
127
- 3.1%
All Price Ranges
4,007
3,577
- 10.7%
2,770
2,468
- 10.9%
1,237
1,109
- 10.3%
1,117 August 2009 August 2010
946
920 800
230
794
919 832
764
262
+ 13.9% $100,000 and below
- 13.0% $100,001 to $225,000
- 3.8% $225,001 to $375,000
- 12.1%
- 17.7%
$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
5
Housing Supply Outlook August 2010 Months Supply of Inventory All Price Range $100,000 and below
Single-Family
Condo
8-2009
8-2010
Change
8-2009
8-2010
Change
8-2009
8-2010
Change
22.4
7.1
- 68.2%
13.2
9.7
- 26.2%
26.8
6.1
- 77.4%
$100,001 to $225,000
17.3
12.3
- 29.2%
14.7
11.1
- 24.1%
26.2
16.1
- 38.4%
$225,001 to $375,000
18.1
15.3
- 15.5%
14.9
13.1
- 12.0%
28.3
20.7
- 27.1% - 28.2%
$375,001 to $650,000
28.0
18.9
- 32.5%
24.9
16.4
- 34.2%
37.6
27.0
$650,001 and above
45.7
29.8
- 34.8%
45.0
28.9
- 35.8%
39.3
37.2
- 5.4%
All Price Ranges
24.2
15.8
- 34.9%
22.0
15.7
- 28.8%
31.3
16.0
- 48.8%
45.7 August 2009
August 2010
29.8 28.0 22.4 18.9
18.1
17.3
15.3 12.3 7.1
- 68.2%
- 29.2%
- 15.5%
- 32.5%
- 34.8%
$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
6
Housing Supply Outlook August 2010 Pending Home Sales Last Twelve Months All September 2008 September 2009 through August through August 2009 2010
Price Range
Single-Family September 2008 September 2009 through August through August 2009 2010
Change
Condo September 2008 September 2009 through August through August 2009 2010
Change
Change
$100,000 and below
136
440
+ 223.5%
56
131
+ 133.9%
80
309
+ 286.3%
$100,001 to $225,000
644
782
+ 21.4%
490
602
+ 22.9%
154
180
+ 16.9%
$225,001 to $375,000
544
598
+ 9.9%
409
422
+ 3.2%
135
176
+ 30.4%
$375,001 to $650,000
415
529
+ 27.5%
319
404
+ 26.6%
96
125
+ 30.2%
$650,001 and above
306
370
+ 20.8%
269
329
+ 22.3%
37
41
+ 9.8%
2,045
2,719
+ 32.9%
1,543
1,888
+ 22.4%
502
831
+ 65.4%
All Price Ranges
September 2008 through August 2009
782
September 2009 through August 2010
644 598 544 440
529 415 370 306
136
+ 223.5% $100,000 and below
+ 21.4% $100,001 to $225,000
+ 9.9%
+ 27.5%
+ 20.8%
$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
7
Housing Supply Outlook August 2010 Percent of List Price Received Last Twelve Months All September 2008 September 2009 through August through August 2009 2010
Price Range
Single-Family September 2008 September 2009 through August through August 2009 2010
Change
Condo Change
September 2008 September 2009 through August through August 2009 2010
Change
$100,000 and below
92.9%
95.3%
+ 2.7%
95.2%
94.5%
- 0.7%
91.2%
95.7%
+ 4.9%
$100,001 to $225,000
94.8%
94.9%
+ 0.1%
96.0%
95.8%
- 0.2%
91.0%
92.0%
+ 1.1%
$225,001 to $375,000
94.0%
93.5%
- 0.5%
94.6%
94.2%
- 0.4%
92.2%
92.1%
- 0.1%
$375,001 to $650,000
93.1%
93.2%
+ 0.2%
93.3%
93.6%
+ 0.3%
92.4%
92.0%
- 0.4%
$650,001 and above
89.8%
91.0%
+ 1.4%
89.6%
90.9%
+ 1.4%
91.4%
92.6%
+ 1.2%
All Price Ranges
93.4%
93.8%
+ 0.4%
91.6%
93.3%
+ 1.8%
93.9%
94.0%
+ 0.1%
September 2008 through August 2009
95.3%
94.8%
September 2009 through August 2010
94.9% 94.0%
92.9%
93.5%
93.1%
93.2% 91.0% 89.8%
+ 2.7%
+ 0.1%
- 0.5%
+ 0.2%
+ 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
8
Housing Supply Outlook August 2010 Days on Market Until Sale Last Twelve Months All September 2008 September 2009 through August through August 2009 2010
Price Range
Single-Family September 2008 September 2009 through August through August 2009 2010
Change
Condo September 2008 September 2009 through August through August 2009 2010
Change
Change
$100,000 and below
87
76
- 12.3%
78
79
+ 1.1%
93
75
$100,001 to $225,000
126
129
+ 2.1%
118
120
+ 2.2%
154
157
+ 1.8%
$225,001 to $375,000
147
139
- 5.5%
132
127
- 3.8%
193
164
- 15.1%
$375,001 to $650,000
158
187
+ 18.4%
142
175
+ 23.0%
209
229
+ 9.6%
$650,001 and above
207
214
+ 3.4%
208
217
+ 4.4%
196
185
- 5.5%
All Price Ranges
148
147
- 0.5%
141
148
+ 5.4%
170
144
- 15.3%
September 2008 through August 2009
- 19.5%
September 2009 through August 2010
207
214
187 158 147 126
129
139
87 76
- 12.3%
+ 2.1%
- 5.5%
+ 18.4%
+ 3.4%
$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
9