Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS速
July 2015 The second half of the year is generally slower than the first, but the 2015 market as a whole has shown a willingness to offer greater returns more often than not. Prior to any autumn rate increases, there is a fair chance of increased buyer activity over the next few months. For the 12-month period spanning August 2014 through July 2015, Pending Sales in the Hilton Head region were up 12.4 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 28.5 percent. The overall Median Sales Price was up 7.1 percent to $269,630. The property type with the largest price gain was the Condos segment, where prices increased 15.3 percent to $196,000. The price range that tended to sell the quickest was the $100,001 to $225,000 range at 95 days; the price range that tended to sell the slowest was the $650,001 and Above range at 168 days.
Quick Facts + 28.5%
+ 18.0%
+ 64.6%
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
Market-wide, inventory levels were down 16.5 percent. The property type that lost the least inventory was the Single Family segment, where it decreased 13.9 percent. That amounts to 6.3 months supply for SingleFamily homes and 7.0 months supply for Condos.
Current as of August 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 7-2014
By Bedroom Count
7-2015
7-2014
7-2014
1,781
1,234
1,179
By Property Type
7-2015
1,103
7-2015
3,008 2,695
1,509 960 873
1,192
1,269
742 910 423
383
327
1,007
444
130
79
- 22.7%
+ 6.9%
+ 28.5%
+ 17.7%
+ 15.9%
+ 6.5%
+ 18.0%
+ 10.7%
+ 11.6%
+ 64.6%
$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
7-2014
Single-Family Homes
Condos
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
$100,000 and Below
423
327
- 22.7%
172
102
- 40.7%
20
40
+ 100.0%
$100,001 to $225,000
1,103
1,179
+ 6.9%
826
830
+ 0.5%
28
44
+ 57.1%
$225,001 to $375,000
960
1,234
+ 28.5%
742
951
+ 28.2%
20
30
+ 50.0%
$375,001 to $650,000
742
873
+ 17.7%
614
720
+ 17.3%
8
14
+ 75.0%
$650,001 and Above
383
444
+ 15.9%
341
405
+ 18.8%
3
2
- 33.3%
3,611
4,057
+ 12.4%
2,695
3,008
+ 11.6%
79
130
+ 64.6%
All Price Ranges
By Bedroom Count
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
2 Bedrooms or Less
1,192
1,269
+ 6.5%
480
490
+ 2.1%
67
110
+ 64.2%
3 Bedrooms
1,509
1,781
+ 18.0%
1,321
1,526
+ 15.5%
10
20
+ 100.0%
4 Bedrooms or More
910
1,007
+ 10.7%
894
992
+ 11.0%
2
0
- 100.0%
All Bedroom Counts
3,611
4,057
+ 12.4%
2,695
3,008
+ 11.6%
79
130
+ 64.6%
Current as of August 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 7-2014
By Bedroom Count
7-2015
7-2014
173 136
84
95
89
95
102
By Property Type 7-2014
7-2015
7-2015
143 136
168
135
100
113
108
134
111
130 102
100
108
+ 12.8%
+ 6.6%
+ 11.1%
- 0.9%
- 2.9%
+ 7.3%
+ 11.0%
- 1.4%
+ 5.9%
+ 9.8%
$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
7-2014
Single-Family Homes
Condos
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
$100,000 and Below
84
95
+ 12.8%
93
101
+ 8.1%
101
147
+ 44.8%
$100,001 to $225,000
89
95
+ 6.6%
74
76
+ 2.3%
119
145
+ 22.2%
$225,001 to $375,000
102
113
+ 11.1%
88
101
+ 14.3%
125
122
- 2.7%
$375,001 to $650,000
136
135
- 0.9%
129
130
+ 1.0%
198
169
- 14.6%
$650,001 and Above
173
168
- 2.9%
174
170
- 2.7%
226
59
- 73.9%
All Price Ranges
109
115
+ 6.4%
102
108
+ 5.9%
130
143
+ 9.8%
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
100
108
+ 7.3%
64
59
- 6.6%
118
154
+ 30.4%
By Bedroom Count 2 Bedrooms or Less 3 Bedrooms
100
111
+ 11.0%
96
108
+ 12.6%
191
103
- 45.7%
4 Bedrooms or More
136
134
- 1.4%
134
133
- 0.5%
131
0
- 100.0%
All Bedroom Counts
109
115
+ 6.4%
102
108
+ 5.9%
130
143
+ 9.8%
Current as of August 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 7-2014
By Property Type 7-2014
7-2015
$450,000
7-2015
$448,263 $251,805
$280,000
$269,630
$277,845
$293,400
$290,000
$196,000 $170,000
$174,900
$191,125
+ 9.3% 2 Bedrooms or Less
+ 3.6% 3 Bedrooms
- 0.4%
+ 7.1%
+ 5.6%
+ 15.3%
4 Bedrooms or More
All Properties
Single-Family Homes
Condos
All Properties By Bedroom Count
Single-Family Homes
Condos
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
2 Bedrooms or Less
$174,900
$191,125
+ 9.3%
$200,500
$212,000
+ 5.7%
$140,000
$156,000
+ 11.4%
3 Bedrooms
$280,000
$290,000
+ 3.6%
$275,000
$289,300
+ 5.2%
$335,000
$310,000
- 7.5%
4 Bedrooms or More
$450,000
$448,263
- 0.4%
$450,000
$450,000
0.0%
$597,500
$407,500
- 31.8%
All Bedroom Counts
$251,805
$269,630
+ 7.1%
$277,845
$293,400
+ 5.6%
$170,000
$196,000
+ 15.3%
Current as of August 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 7-2014
By Bedroom Count
7-2015
7-2014
By Property Type
7-2015
7-2014
7-2015
96.0%
96.0%
95.9% 96.2% 96.2%
96.1% 96.1%
95.7% 95.2%
95.4% 95.4% 95.2%
93.8% 93.3%
93.1%
92.9%
95.0% 95.0%
94.3%
94.3%
- 0.4%
0.0%
0.0%
+ 0.2%
+ 0.8%
0.0%
+ 0.2%
+ 0.2%
0.0%
0.0%
$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
7-2014
Single-Family Homes
Condos
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
$100,000 and Below
93.3%
92.9%
- 0.4%
94.1%
93.6%
- 0.5%
94.8%
92.3%
+ 2.6%
$100,001 to $225,000
96.2%
96.2%
0.0%
97.1%
97.0%
- 0.1%
93.5%
93.7%
+ 0.2%
$225,001 to $375,000
96.1%
96.1%
0.0%
96.7%
96.6%
- 0.1%
94.6%
96.4%
+ 1.9%
$375,001 to $650,000
95.2%
95.4%
+ 0.2%
95.3%
95.6%
+ 0.3%
94.5%
94.8%
+ 0.3%
$650,001 and Above
93.1%
93.8%
+ 0.8%
93.0%
93.7%
+ 0.8%
93.6%
94.6%
+ 1.1%
All Price Ranges
95.4%
95.5%
+ 0.1%
96.0%
96.0%
0.0%
94.3%
94.3%
0.0%
By Bedroom Count
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
2 Bedrooms or Less
95.0%
95.0%
0.0%
96.9%
96.7%
- 0.2%
94.7%
94.0%
- 0.7%
3 Bedrooms
95.7%
95.9%
+ 0.2%
96.0%
96.2%
+ 0.2%
93.5%
95.4%
+ 2.0%
4 Bedrooms or More
95.2%
95.4%
+ 0.2%
95.3%
95.5%
+ 0.2%
76.5%
0.0%
- 100.0%
All Bedroom Counts
95.4%
95.5%
+ 0.1%
96.0%
96.0%
0.0%
94.3%
94.3%
0.0%
Current as of August 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 7-2014
By Bedroom Count
7-2015
7-2014
655
642
654
By Property Type 7-2014
7-2015
657
1,825
611 961
501 458
1,572
896 804
761
364
7-2015
807
574 793 613
166 95
- 42.8%
- 27.3%
- 30.1%
- 4.8%
+ 0.5%
- 24.6%
- 16.3%
- 9.9%
- 13.9%
- 22.7%
$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
7-2014
7-2015
Single-Family Homes Change
7-2014
7-2015
Change
Condos 7-2014
7-2015
Change
$100,000 and Below
166
95
- 42.8%
65
28
- 56.9%
101
67
- 33.7%
$100,001 to $225,000
501
364
- 27.3%
272
203
- 25.4%
229
161
- 29.7% - 23.9%
$225,001 to $375,000
655
458
- 30.1%
417
277
- 33.6%
238
181
$375,001 to $650,000
642
611
- 4.8%
489
472
- 3.5%
153
139
- 9.2%
$650,001 and Above
654
657
+ 0.5%
582
592
+ 1.7%
72
65
- 9.7%
2,618
2,185
- 16.5%
1,825
1,572
- 13.9%
793
613
- 22.7%
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
761
574
- 24.6%
162
124
- 23.5%
599
450
- 24.9%
All Price Ranges
By Bedroom Count 2 Bedrooms or Less 3 Bedrooms
961
804
- 16.3%
786
656
- 16.5%
175
148
- 15.4%
4 Bedrooms or More
896
807
- 9.9%
877
792
- 9.7%
19
15
- 21.1%
All Bedroom Counts
2,618
2,185
- 16.5%
1,825
1,572
- 13.9%
793
613
- 22.7%
Current as of August 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 7-2014
By Bedroom Count
7-2015
7-2014
7-2014
17.8
10.4
5.5 3.7
3.5
10.4
9.6 7.6 5.4
8.4
8.1 7.0
7.7
4.7
7-2015
11.8
20.5
8.2
By Property Type
7-2015
6.3 5.4
4.5
- 25.5%
- 32.7%
- 45.1%
- 19.2%
- 13.2%
- 29.9%
- 28.9%
- 18.6%
- 22.2%
- 32.7%
$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
Single-Family Homes
Condos
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
$100,000 and Below
4.7
3.5
- 25.5%
4.5
3.3
- 26.7%
4.8
3.6
- 25.0%
$100,001 to $225,000
5.5
3.7
- 32.7%
4.0
2.9
- 27.5%
9.9
5.5
- 44.4%
$225,001 to $375,000
8.2
4.5
- 45.1%
6.7
3.5
- 47.8%
13.1
7.7
- 41.2%
$375,001 to $650,000
10.4
8.4
- 19.2%
9.6
7.9
- 17.7%
14.3
10.9
- 23.8%
$650,001 and Above
20.5
17.8
- 13.2%
20.5
17.5
- 14.6%
20.6
20.0
- 2.9%
All Price Ranges
8.7
6.5
- 25.3%
8.1
6.3
- 22.2%
10.4
7.0
- 32.7%
7-2014
7-2015
Change
7-2014
7-2015
Change
7-2014
7-2015
Change
7.7
5.4
- 29.9%
4.1
3.0
- 26.8%
10.1
6.9
- 31.7%
3 Bedrooms
7.6
5.4
- 28.9%
7.1
5.2
- 26.8%
11.2
7.0
- 37.5%
4 Bedrooms or More
11.8
9.6
- 18.6%
11.8
9.6
- 18.6%
9.5
8.0
- 15.8%
All Bedroom Counts
8.7
6.5
- 25.3%
8.1
6.3
- 22.2%
10.4
7.0
- 32.7%
By Bedroom Count 2 Bedrooms or Less
Current as of August 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