Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS速
June 2015 Bring on the balmy summer breezes and the second round of the summer selling season, but let's see how the first half of the year fared first. For the 12-month period spanning July 2014 through June 2015, Pending Sales in the Hilton Head region were up 6.6 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 17.3 percent. The overall Median Sales Price was up 2.3 percent to $265,000. The property type with the largest price gain was the Condos segment, where prices increased 9.1 percent to $191,000. The price range that tended to sell the quickest was the $100,000 and Below range at 91 days; the price range that tended to sell the slowest was the $650,001 and Above range at 169 days. Market-wide, inventory levels were down 12.4 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 10.7 percent. That amounts to 6.8 months supply for SingleFamily homes and 7.9 months supply for Condos.
Quick Facts + 17.3%
+ 10.0%
+ 27.3%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$225,001 to $375,000
3 Bedrooms
Condos
Pending 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
Current as of July 10, 2015 Data is Copyright 息 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1
Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.
By Price Range 6-2014
By Bedroom Count
6-2015
6-2014
By Property Type 6-2014
6-2015
6-2015
1,714 1,103
1,558
1,178
1,151
2,910 2,734
1,004 1,204
1,222
828 749
909
433
382
315
976
440
112
88
- 27.3%
+ 4.4%
+ 17.3%
+ 10.5%
+ 15.2%
+ 1.5%
+ 10.0%
+ 7.4%
+ 6.4%
+ 27.3%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2014
Single-Family Homes
Condos
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
$100,000 and Below
433
315
- 27.3%
170
108
- 36.5%
25
18
- 28.0%
$100,001 to $225,000
1,103
1,151
+ 4.4%
831
818
- 1.6%
26
36
+ 38.5%
$225,001 to $375,000
1,004
1,178
+ 17.3%
779
904
+ 16.0%
21
28
+ 33.3%
$375,001 to $650,000
749
828
+ 10.5%
615
680
+ 10.6%
13
23
+ 76.9%
$650,001 and Above
382
440
+ 15.2%
339
400
+ 18.0%
3
7
+ 133.3%
3,671
3,912
+ 6.6%
2,734
2,910
+ 6.4%
88
112
+ 27.3%
All Price Ranges
By Bedroom Count
6-2014
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
2 Bedrooms or Less
1,204
1,222
+ 1.5%
492
482
- 2.0%
68
76
+ 11.8%
3 Bedrooms
1,558
1,714
+ 10.0%
1,349
1,469
+ 8.9%
20
35
+ 75.0%
4 Bedrooms or More
909
976
+ 7.4%
893
959
+ 7.4%
0
1
--
All Bedroom Counts
3,671
3,912
+ 6.6%
2,734
2,910
+ 6.4%
88
112
+ 27.3%
Current as of July 10, 2015 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 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 6-2014
By Bedroom Count
6-2015
6-2014
By Property Type 6-2014
6-2015
6-2015
165 172 136
169
135
102
116 90
91
91
95
135 107
103
135
138
111 103
109
103
+ 1.1%
+ 4.0%
+ 11.8%
- 0.9%
- 2.1%
+ 4.1%
+ 7.4%
+ 0.4%
+ 5.6%
- 16.1%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2014
6-2015
Single-Family Homes Change
6-2014
6-2015
Change
Condos 6-2014
6-2015
Change
$100,000 and Below
90
91
+ 1.1%
97
96
- 1.3%
46
97
+ 111.3%
$100,001 to $225,000
91
95
+ 4.0%
75
76
+ 1.5%
210
173
- 17.7%
$225,001 to $375,000
103
116
+ 11.8%
89
103
+ 16.1%
191
120
- 37.5%
$375,001 to $650,000
136
135
- 0.9%
129
130
+ 1.0%
195
139
- 28.6%
$650,001 and Above
172
169
- 2.1%
173
169
- 2.2%
346
80
- 76.9%
All Price Ranges
110
116
+ 4.6%
103
109
+ 5.6%
165
138
- 16.1%
6-2014
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
102
107
+ 4.1%
64
63
- 1.6%
160
141
- 12.4%
By Bedroom Count 2 Bedrooms or Less 3 Bedrooms
103
111
+ 7.4%
99
107
+ 8.1%
173
131
- 23.9%
4 Bedrooms or More
135
135
+ 0.4%
132
134
+ 1.7%
209
136
- 35.3%
All Bedroom Counts
110
116
+ 4.6%
103
109
+ 5.6%
165
138
- 16.1%
Current as of July 10, 2015 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 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 6-2014
By Property Type 6-2014
6-2015
$457,500
6-2015
$439,500 $259,000
$285,000
$265,000
$282,500
$289,391
$285,000 $175,000
$174,000
$191,000
$190,000
+ 9.2% 2 Bedrooms or Less
0.0% 3 Bedrooms
- 3.9%
+ 2.3%
+ 2.4%
+ 9.1%
4 Bedrooms or More
All Properties
Single-Family Homes
Condos
All Properties By Bedroom Count
Single-Family Homes
Condos
6-2014
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
2 Bedrooms or Less
$174,000
$190,000
+ 9.2%
$198,000
$211,000
+ 6.6%
$144,500
$154,900
+ 7.2%
3 Bedrooms
$285,000
$285,000
0.0%
$281,745
$282,975
+ 0.4%
$335,000
$310,000
- 7.5%
4 Bedrooms or More
$457,500
$439,500
- 3.9%
$455,000
$440,562
- 3.2%
$539,000
$406,250
- 24.6%
All Bedroom Counts
$259,000
$265,000
+ 2.3%
$282,500
$289,391
+ 2.4%
$175,000
$191,000
+ 9.1%
Current as of July 10, 2015 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 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 6-2014
By Bedroom Count
6-2015
6-2014
96.2% 96.1%
96.2% 96.0%
By Property Type
6-2015
95.7%
95.8%
6-2014
6-2015
95.9%
95.9%
95.4% 95.1% 95.3% 93.8% 93.4%
93.1%
93.0%
95.1%
94.3%
95.0% 95.0%
93.9%
- 0.3%
- 0.1%
- 0.2%
+ 0.3%
+ 0.9%
0.0%
+ 0.1%
+ 0.2%
0.0%
+ 0.4%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2014
6-2015
Single-Family Homes Change
6-2014
6-2015
Change
Condos 6-2014
6-2015
Change
$100,000 and Below
93.4%
93.1%
- 0.3%
94.4%
93.4%
- 1.1%
94.2%
94.1%
+ 4.6%
$100,001 to $225,000
96.2%
96.1%
- 0.1%
97.0%
97.0%
0.0%
94.0%
93.4%
- 0.6% + 2.1%
$225,001 to $375,000
96.2%
96.0%
- 0.2%
96.8%
96.5%
- 0.3%
93.1%
95.1%
$375,001 to $650,000
95.1%
95.4%
+ 0.3%
95.1%
95.6%
+ 0.5%
94.8%
94.5%
- 0.3%
$650,001 and Above
93.0%
93.8%
+ 0.9%
92.8%
93.7%
+ 1.0%
94.4%
98.0%
+ 3.8%
All Price Ranges
95.3%
95.4%
+ 0.1%
95.9%
95.9%
0.0%
93.9%
94.3%
+ 0.4%
By Bedroom Count
6-2014
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
2 Bedrooms or Less
95.0%
95.0%
0.0%
96.9%
96.6%
- 0.3%
94.1%
94.1%
0.0%
3 Bedrooms
95.7%
95.8%
+ 0.1%
96.0%
96.1%
+ 0.1%
93.4%
94.9%
+ 1.6%
4 Bedrooms or More
95.1%
95.3%
+ 0.2%
95.2%
95.4%
+ 0.2%
94.5%
91.1%
- 3.6%
All Bedroom Counts
95.3%
95.4%
+ 0.1%
95.9%
95.9%
0.0%
93.9%
94.3%
+ 0.4%
Current as of July 10, 2015 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 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 6-2014
By Bedroom Count
6-2015
6-2014
6-2014
952 657
649 512
638
670
6-2015
1,858
936 872
659
By Property Type
6-2015
1,659
815
755 629
482 417
785 657 155
120
- 22.6%
- 18.6%
- 25.7%
- 2.9%
- 1.6%
- 16.7%
- 8.4%
- 12.9%
- 10.7%
- 16.3%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2014
6-2015
Single-Family Homes Change
6-2014
6-2015
Change
Condos 6-2014
6-2015
Change
$100,000 and Below
155
120
- 22.6%
61
31
- 49.2%
94
89
- 5.3%
$100,001 to $225,000
512
417
- 18.6%
281
233
- 17.1%
231
184
- 20.3%
$225,001 to $375,000
649
482
- 25.7%
408
301
- 26.2%
241
181
- 24.9%
$375,001 to $650,000
657
638
- 2.9%
507
502
- 1.0%
150
136
- 9.3%
$650,001 and Above
670
659
- 1.6%
601
592
- 1.5%
69
67
- 2.9%
2,643
2,316
- 12.4%
1,858
1,659
- 10.7%
785
657
- 16.3%
6-2014
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
755
629
- 16.7%
155
132
- 14.8%
600
497
- 17.2%
All Price Ranges
By Bedroom Count 2 Bedrooms or Less 3 Bedrooms
952
872
- 8.4%
788
727
- 7.7%
164
145
- 11.6%
4 Bedrooms or More
936
815
- 12.9%
915
800
- 12.6%
21
15
- 28.6%
All Bedroom Counts
2,643
2,316
- 12.4%
1,858
1,659
- 10.7%
785
657
- 16.3%
Current as of July 10, 2015 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 6
Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, divided by the average monthly pending sales from the last 12 months. Based on one month of activity.
By Price Range 6-2014
By Bedroom Count
6-2015
6-2014
By Property Type 6-2014
6-2015
6-2015
12.4
21.0 18.0
10.0
8.2
7.9 6.8
7.5
7.3 6.2
10.5
10.1
6.1
9.2 7.8 4.3
5.6
4.6
4.3
4.9
+ 7.0%
- 23.2%
- 37.2%
- 12.4%
- 14.3%
- 17.3%
- 16.4%
- 19.4%
- 17.1%
- 21.8%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
2 Bedrooms or Less
3 Bedrooms
4 Bedrooms or More
Single-Family Homes
Condos
All Properties By Price Range
6-2014
6-2015
$100,000 and Below
4.3
$100,001 to $225,000
5.6
$225,001 to $375,000 $375,001 to $650,000 $650,001 and Above All Price Ranges
By Bedroom Count 2 Bedrooms or Less
Single-Family Homes Change
6-2014
6-2015
Change
4.6
+ 7.0%
4.3
3.4
4.3
- 23.2%
4.1
3.4
7.8
4.9
- 37.2%
6.3
10.5
9.2
- 12.4%
9.9
21.0
18.0
- 14.3%
8.6
7.1
6-2014 7.5
Condos 6-2014
6-2015
Change
- 20.9%
4.3
5.2
+ 20.9%
- 17.1%
10.2
6.6
- 35.3%
4.0
- 36.5%
12.9
7.9
- 38.8%
8.9
- 10.1%
13.4
11.0
- 17.9%
21.3
17.8
- 16.4%
19.3
20.1
+ 4.1%
- 17.4%
8.2
6.8
- 17.1%
10.1
7.9
- 21.8%
6-2015
Change
6-2014
6-2015
Change
6-2014
6-2015
Change
6.2
- 17.3%
3.8
3.3
- 13.2%
10.1
8.1
- 19.8%
3 Bedrooms
7.3
6.1
- 16.4%
7.0
5.9
- 15.7%
9.4
7.1
- 24.5%
4 Bedrooms or More
12.4
10.0
- 19.4%
12.3
10.0
- 18.7%
10.5
7.9
- 24.8%
All Bedroom Counts
8.6
7.1
- 17.4%
8.2
6.8
- 17.1%
10.1
7.9
- 21.8%
Current as of July 10, 2015 Data is Copyright © 2015 All Rights Reserved. MLS of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 7