Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS速
August 2015 Like school busses in a darker dawn, the typical seasonal slowdown is imminent. Numbers may be a bit in flux, but no drastic year-over-year drops or rises are anticipated across most markets. For the 12-month period spanning September 2014 through August 2015, Pending Sales in the Hilton Head region were up 15.3 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 29.9 percent. The overall Median Sales Price was up 8.5 percent to $272,500. The property type with the largest price gain was the Condos segment, where prices increased 13.6 percent to $196,000. The price range that tended to sell the quickest was the $100,000 and Below range at 93 days; the price range that tended to sell the slowest was the $650,001 and Above range at 166 days. 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 13.7 percent. That amounts to 6.2 months supply for SingleFamily homes and 6.7 months supply for Condos.
Quick Facts + 29.9%
+ 20.5%
+ 56.1%
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 September 11, 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 8-2014
By Bedroom Count
8-2015
8-2014
8-2014
1,270
1,197
By Property Type
8-2015 1,799
1,084
3,050 2,679
1,493
978
8-2015
1,311
903 1,165
724
924
414
382
309
1,019
450
103
66
- 25.4%
+ 10.4%
+ 29.9%
+ 24.7%
+ 17.8%
+ 12.5%
+ 20.5%
+ 10.3%
+ 13.8%
+ 56.1%
$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 $100,000 and Below
8-2014
8-2015
Single-Family Homes Change
8-2014
Condos
8-2015
Change
8-2014
8-2015
Change
414
309
- 25.4%
166
95
- 42.8%
19
11
- 42.1%
$100,001 to $225,000
1,084
1,197
+ 10.4%
811
833
+ 2.7%
19
37
+ 94.7%
$225,001 to $375,000
978
1,270
+ 29.9%
762
969
+ 27.2%
13
31
+ 138.5%
$375,001 to $650,000
724
903
+ 24.7%
600
743
+ 23.8%
11
19
+ 72.7%
$650,001 and Above
382
450
+ 17.8%
340
410
+ 20.6%
4
5
+ 25.0%
3,582
4,129
+ 15.3%
2,679
3,050
+ 13.8%
66
103
+ 56.1%
All Price Ranges
By Bedroom Count
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
2 Bedrooms or Less
1,165
1,311
+ 12.5%
471
497
+ 5.5%
39
81
+ 107.7%
3 Bedrooms
1,493
1,799
+ 20.5%
1,299
1,549
+ 19.2%
26
21
- 19.2%
4 Bedrooms or More
924
1,019
+ 10.3%
909
1,004
+ 10.5%
1
1
0.0%
All Bedroom Counts
3,582
4,129
+ 15.3%
2,679
3,050
+ 13.8%
66
103
+ 56.1%
Current as of September 11, 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 8-2014
By Bedroom Count
8-2015
8-2014
173 137
83
93
89
94
106
8-2014
136
166
134
By Property Type
8-2015
103
106
112
100
8-2015
155
130
158
111 103
107
+ 12.2%
+ 5.6%
+ 5.2%
- 2.5%
- 3.8%
+ 3.9%
+ 10.5%
- 4.0%
+ 3.6%
+ 2.1%
$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
Single-Family Homes
Condos
8-2014
8-2015
Change
8-2014
8-2015
Change
$100,000 and Below
83
93
+ 12.2%
89
95
+ 7.3%
86
78
- 8.6%
$100,001 to $225,000
89
94
+ 5.6%
72
75
+ 3.7%
170
150
- 12.2%
$225,001 to $375,000
106
112
+ 5.2%
92
100
+ 8.1%
199
187
- 5.8%
$375,001 to $650,000
137
134
- 2.5%
131
129
- 2.1%
179
227
+ 27.0%
$650,001 and Above
173
166
- 3.8%
174
167
- 4.1%
0
237
--
All Price Ranges
110
114
+ 4.1%
103
107
+ 3.6%
155
158
+ 2.1%
By Bedroom Count
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
2 Bedrooms or Less
103
106
+ 3.9%
63
59
- 6.1%
162
144
- 11.2%
3 Bedrooms
100
111
+ 10.5%
98
107
+ 9.8%
88
212
+ 140.4%
4 Bedrooms or More
136
130
- 4.0%
134
130
- 2.7%
663
0
- 100.0%
All Bedroom Counts
110
114
+ 4.1%
103
107
+ 3.6%
155
158
+ 2.1%
Current as of September 11, 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 8-2014
By Property Type 8-2014
8-2015
$450,000
8-2015
$440,000 $251,233
$280,000 $175,000
$272,500
$279,915
$296,500
$295,000 $172,500
$196,000
$195,000
+ 11.4% 2 Bedrooms or Less
+ 5.4% 3 Bedrooms
- 2.2%
+ 8.5%
+ 5.9%
+ 13.6%
4 Bedrooms or More
All Properties
Single-Family Homes
Condos
All Properties By Bedroom Count
Single-Family Homes
Condos
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
2 Bedrooms or Less
$175,000
$195,000
+ 11.4%
$199,500
$215,250
+ 7.9%
$145,000
$155,900
+ 7.5%
3 Bedrooms
$280,000
$295,000
+ 5.4%
$273,418
$290,000
+ 6.1%
$332,500
$311,000
- 6.5%
4 Bedrooms or More
$450,000
$440,000
- 2.2%
$450,000
$445,000
- 1.1%
$557,500
$406,250
- 27.1%
All Bedroom Counts
$251,233
$272,500
+ 8.5%
$279,915
$296,500
+ 5.9%
$172,500
$196,000
+ 13.6%
Current as of September 11, 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 8-2014
By Bedroom Count
8-2015
8-2014
96.2% 96.1%
96.0%
By Property Type 8-2014
8-2015
96.3%
95.9% 95.2%
95.9%
95.7%
95.4%
8-2015
96.1%
95.5% 94.0% 93.1%
93.0%
92.8%
95.0%
94.9% 95.0%
94.5%
94.5%
- 0.3%
- 0.1%
+ 0.3%
+ 0.2%
+ 1.1%
+ 0.1%
+ 0.2%
+ 0.5%
+ 0.2%
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
Single-Family Homes
Condos
By Price Range
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
$100,000 and Below
93.1%
92.8%
- 0.3%
94.0%
94.1%
+ 0.1%
95.5%
93.7%
- 6.3%
$100,001 to $225,000
96.2%
96.1%
- 0.1%
97.1%
97.0%
- 0.1%
94.1%
94.8%
+ 0.7%
$225,001 to $375,000
96.0%
96.3%
+ 0.3%
96.6%
96.7%
+ 0.1%
93.9%
95.1%
+ 1.3%
$375,001 to $650,000
95.2%
95.4%
+ 0.2%
95.3%
95.6%
+ 0.3%
94.1%
92.3%
- 1.9%
$650,001 and Above
93.0%
94.0%
+ 1.1%
92.9%
93.9%
+ 1.1%
0.0%
94.8%
--
All Price Ranges
95.3%
95.5%
+ 0.2%
95.9%
96.1%
+ 0.2%
94.5%
94.5%
0.0%
Change
By Bedroom Count
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
2 Bedrooms or Less
94.9%
95.0%
+ 0.1%
96.9%
96.8%
- 0.1%
94.4%
94.9%
+ 0.5%
3 Bedrooms
95.7%
95.9%
+ 0.2%
96.1%
96.2%
+ 0.1%
94.7%
92.8%
- 2.0%
4 Bedrooms or More
95.0%
95.5%
+ 0.5%
95.1%
95.6%
+ 0.5%
92.9%
0.0%
- 100.0%
All Bedroom Counts
95.3%
95.5%
+ 0.2%
95.9%
96.1%
+ 0.2%
94.5%
94.5%
0.0%
Current as of September 11, 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 8-2014
By Bedroom Count
8-2015
8-2014
659
638
609
650
8-2014
456
887 786
761
364
8-2015
1,819
646 953
492
By Property Type
8-2015
1,570 816
571
782 603
162 98
- 39.5%
- 26.0%
- 28.5%
- 7.6%
- 0.6%
- 25.0%
- 17.5%
- 8.0%
- 13.7%
- 22.9%
$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
8-2014
8-2015
Single-Family Homes Change
8-2014
8-2015
Change
Condos 8-2014
8-2015
Change
$100,000 and Below
162
98
- 39.5%
67
29
- 56.7%
95
69
- 27.4%
$100,001 to $225,000
492
364
- 26.0%
271
203
- 25.1%
221
161
- 27.1%
$225,001 to $375,000
638
456
- 28.5%
398
282
- 29.1%
240
174
- 27.5%
$375,001 to $650,000
659
609
- 7.6%
505
477
- 5.5%
154
132
- 14.3%
$650,001 and Above
650
646
- 0.6%
578
579
+ 0.2%
72
67
- 6.9%
2,601
2,173
- 16.5%
1,819
1,570
- 13.7%
782
603
- 22.9%
All Price Ranges
By Bedroom Count
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
2 Bedrooms or Less
761
571
- 25.0%
167
126
- 24.6%
594
445
- 25.1%
3 Bedrooms
953
786
- 17.5%
785
646
- 17.7%
168
140
- 16.7%
4 Bedrooms or More
887
816
- 8.0%
867
798
- 8.0%
20
18
- 10.0%
All Bedroom Counts
2,601
2,173
- 16.5%
1,819
1,570
- 13.7%
782
603
- 22.9%
Current as of September 11, 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 8-2014
By Bedroom Count
8-2015
8-2014
8-2014
17.2
5.4 3.6
5.2
8.1
8.1
7.7
10.9
3.8
10.4 9.6
7.8
4.7
8-2015
11.5
20.4
7.8
By Property Type
8-2015
6.7
6.2 5.2
4.3
- 19.1%
- 33.3%
- 44.9%
- 25.7%
- 15.7%
- 33.3%
- 32.5%
- 16.5%
- 23.5%
- 35.6%
$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
Single-Family Homes
Condos
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
$100,000 and Below
4.7
3.8
- 19.1%
4.8
3.7
- 22.9%
4.6
3.9
- 15.2%
$100,001 to $225,000
5.4
3.6
- 33.3%
4.0
2.9
- 27.5%
9.7
5.3
- 45.4%
$225,001 to $375,000
7.8
4.3
- 44.9%
6.3
3.5
- 44.4%
13.3
6.9
- 48.1%
$375,001 to $650,000
10.9
8.1
- 25.7%
10.1
7.7
- 23.8%
14.9
9.9
- 33.6%
$650,001 and Above
20.4
17.2
- 15.7%
20.4
16.9
- 17.2%
20.6
20.1
- 2.4%
All Price Ranges
8.7
6.3
- 27.6%
8.1
6.2
- 23.5%
10.4
6.7
- 35.6%
8-2014
8-2015
Change
8-2014
8-2015
Change
8-2014
8-2015
Change
7.8
5.2
- 33.3%
4.3
3.0
- 30.2%
10.3
6.6
- 35.9%
3 Bedrooms
7.7
5.2
- 32.5%
7.3
5.0
- 31.5%
10.4
6.7
- 35.6%
4 Bedrooms or More
11.5
9.6
- 16.5%
11.4
9.5
- 16.7%
10.7
9.6
- 10.3%
All Bedroom Counts
8.7
6.3
- 27.6%
8.1
6.2
- 23.5%
10.4
6.7
- 35.6%
By Bedroom Count 2 Bedrooms or Less
Current as of September 11, 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