Housing Supply Overview A RESEARCH TOOL PROVIDED BY SOUTH CAROLINA REALTORS速
September 2015 The best outcomes seen in the past 15 years are upon us. Nary a warning bell is suspect to sound in this time of generalized stability. For the 12month period spanning October 2014 through September 2015, Pending Sales in the Hilton Head region were up 16.1 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 28.6 percent. The overall Median Sales Price was up 9.4 percent to $275,000. The property type with the largest price gain was the Condos segment, where prices increased 14.7 percent to $195,000. The price range that tended to sell the quickest was the $100,001 to $225,000 range at 90 days; the price range that tended to sell the slowest was the $650,001 and Above range at 161 days. Market-wide, inventory levels were down 15.0 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 6.8 months supply for Condos.
Quick Facts + 28.6%
+ 22.4%
+ 15.1%
Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
$225,001 to $375,000
3 Bedrooms
Single-Family
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 October 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 9-2014
By Bedroom Count
9-2015
9-2014
1,823
1,084
2,670
1,319
893
1,159
723
925 378
317
9-2015 3,073
1,489
990
398
9-2014
1,273
1,212
By Property Type
9-2015
1,007
454
84
82
- 20.4%
+ 11.8%
+ 28.6%
+ 23.5%
+ 20.1%
+ 13.8%
+ 22.4%
+ 8.9%
+ 15.1%
+ 2.4%
$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 $100,000 and Below
9-2014
9-2015
Single-Family Homes
Condos
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
398
317
- 20.4%
155
100
- 35.5%
13
17
+ 30.8%
$100,001 to $225,000
1,084
1,212
+ 11.8%
812
840
+ 3.4%
26
36
+ 38.5%
$225,001 to $375,000
990
1,273
+ 28.6%
771
979
+ 27.0%
25
20
- 20.0%
$375,001 to $650,000
723
893
+ 23.5%
598
739
+ 23.6%
14
8
- 42.9%
$650,001 and Above
378
454
+ 20.1%
334
415
+ 24.3%
4
3
- 25.0%
3,573
4,149
+ 16.1%
2,670
3,073
+ 15.1%
82
84
+ 2.4%
All Price Ranges
By Bedroom Count
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
2 Bedrooms or Less
1,159
1,319
+ 13.8%
469
498
+ 6.2%
57
69
+ 21.1%
3 Bedrooms
1,489
1,823
+ 22.4%
1,295
1,582
+ 22.2%
21
12
- 42.9%
4 Bedrooms or More
925
1,007
+ 8.9%
906
993
+ 9.6%
4
3
- 25.0%
All Bedroom Counts
3,573
4,149
+ 16.1%
2,670
3,073
+ 15.1%
82
84
+ 2.4%
Current as of October 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 9-2014
By Bedroom Count
9-2015
9-2014
175 135
82
108
95
90
By Property Type 9-2014
9-2015
133 161 102
135
107
104
9-2015
146
127
127
108 103
104
109
90
+ 15.9%
+ 0.0%
+ 1.5%
- 0.4%
- 7.8%
+ 5.2%
+ 4.2%
- 4.1%
+ 1.0%
- 12.9%
$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
Single-Family Homes
9-2014
9-2015
Change
9-2014
9-2015
Change
$100,000 and Below
82
95
+ 15.9%
90
100
$100,001 to $225,000
90
90
+ 0.0%
74
71
$225,001 to $375,000
108
109
+ 1.5%
92
$375,001 to $650,000
135
135
- 0.4%
129
$650,001 and Above
175
161
- 7.8%
178
All Price Ranges
110
113
+ 1.9%
By Bedroom Count
Condos 9-2014
9-2015
Change
+ 11.6%
86
120
+ 39.7%
- 4.1%
153
86
- 43.6%
97
+ 5.3%
222
144
- 35.1%
129
+ 0.0%
118
189
+ 60.2%
161
- 9.6%
7
205
+ 2831.4%
103
104
+ 1.0%
146
127
- 12.9%
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
2 Bedrooms or Less
102
107
+ 5.2%
62
59
- 3.8%
142
142
+ 0.4%
3 Bedrooms
104
108
+ 4.2%
101
104
+ 3.4%
129
102
- 21.4%
4 Bedrooms or More
133
127
- 4.1%
130
127
- 2.3%
354
1
- 99.7%
All Bedroom Counts
110
113
+ 1.9%
103
104
+ 1.0%
146
127
- 12.9%
Current as of October 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 9-2014
By Property Type 9-2014
9-2015
$435,600
9-2015
$443,965 $251,285
$280,000 $176,000
$275,000
$277,345
$300,000
$297,500 $170,000
$195,000
$198,050
+ 12.5% 2 Bedrooms or Less
+ 6.3% 3 Bedrooms
+ 1.9%
+ 9.4%
+ 8.2%
+ 14.7%
4 Bedrooms or More
All Properties
Single-Family Homes
Condos
All Properties By Bedroom Count
Single-Family Homes
Condos
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
2 Bedrooms or Less
$176,000
$198,050
+ 12.5%
$200,500
$218,000
+ 8.7%
$144,500
$158,000
+ 9.3%
3 Bedrooms
$280,000
$297,500
+ 6.3%
$273,000
$293,000
+ 7.3%
$330,000
$310,000
- 6.1%
4 Bedrooms or More
$435,600
$443,965
+ 1.9%
$430,000
$445,000
+ 3.5%
$538,000
$407,500
- 24.3%
All Bedroom Counts
$251,285
$275,000
+ 9.4%
$277,345
$300,000
+ 8.2%
$170,000
$195,000
+ 14.7%
Current as of October 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 9-2014
By Bedroom Count
9-2015
9-2014
96.1% 96.2%
96.0%
By Property Type 9-2014
9-2015
96.3%
96.0% 95.3% 95.4%
95.9%
95.8%
9-2015
96.2%
95.7%
94.2% 93.1%
92.9%
92.7%
94.9%
95.0%
95.0%
93.5%
93.4%
- 0.4%
+ 0.1%
+ 0.3%
+ 0.1%
+ 1.4%
+ 0.1%
+ 0.2%
+ 0.7%
+ 0.3%
- 0.1%
$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
9-2014
9-2015
$100,000 and Below
93.1%
$100,001 to $225,000
96.1%
$225,001 to $375,000 $375,001 to $650,000
Single-Family Homes
Condos
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
92.7%
- 0.4%
93.7%
94.3%
+ 0.6%
95.5%
89.7%
- 10.3%
96.2%
+ 0.1%
97.0%
97.0%
0.0%
90.4%
94.3%
+ 4.3%
96.0%
96.3%
+ 0.3%
96.6%
96.8%
+ 0.2%
94.7%
93.4%
- 1.4%
95.3%
95.4%
+ 0.1%
95.4%
95.6%
+ 0.2%
96.3%
93.6%
- 2.8%
$650,001 and Above
92.9%
94.2%
+ 1.4%
92.8%
94.1%
+ 1.4%
94.4%
95.0%
+ 0.6%
All Price Ranges
95.3%
95.6%
+ 0.3%
95.9%
96.2%
+ 0.3%
93.5%
93.4%
- 0.1%
By Bedroom Count
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
2 Bedrooms or Less
94.9%
95.0%
+ 0.1%
96.9%
96.9%
0.0%
94.5%
93.0%
- 1.6%
3 Bedrooms
95.8%
96.0%
+ 0.2%
96.0%
96.3%
+ 0.3%
93.1%
94.2%
+ 1.2%
4 Bedrooms or More
95.0%
95.7%
+ 0.7%
95.1%
95.7%
+ 0.6%
79.7%
93.7%
+ 17.6%
All Bedroom Counts
95.3%
95.6%
+ 0.3%
95.9%
96.2%
+ 0.3%
93.5%
93.4%
- 0.1%
Current as of October 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 9-2014
By Bedroom Count
9-2015
9-2014
By Property Type 9-2014
9-2015
9-2015
1,885 670
637 499
624
661
703
484
994
907
1,623 885
781
726 567
341
742
610
160 81
- 49.4%
- 31.7%
- 24.0%
- 6.9%
+ 6.4%
- 21.9%
- 21.4%
- 2.4%
- 13.9%
- 17.8%
$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
9-2014
9-2015
Single-Family Homes Change
9-2014
9-2015
Change
Condos 9-2014
9-2015
Change
$100,000 and Below
160
81
- 49.4%
70
22
- 68.6%
90
59
- 34.4%
$100,001 to $225,000
499
341
- 31.7%
292
177
- 39.4%
207
164
- 20.8%
$225,001 to $375,000
637
484
- 24.0%
407
305
- 25.1%
230
179
- 22.2%
$375,001 to $650,000
670
624
- 6.9%
523
489
- 6.5%
147
135
- 8.2%
$650,001 and Above
661
703
+ 6.4%
593
630
+ 6.2%
68
73
+ 7.4%
2,627
2,233
- 15.0%
1,885
1,623
- 13.9%
742
610
- 17.8%
All Price Ranges
By Bedroom Count
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
2 Bedrooms or Less
726
567
- 21.9%
169
121
- 28.4%
557
446
- 19.9%
3 Bedrooms
994
781
- 21.4%
826
632
- 23.5%
168
149
- 11.3%
4 Bedrooms or More
907
885
- 2.4%
890
870
- 2.2%
17
15
- 11.8%
All Bedroom Counts
2,627
2,233
- 15.0%
1,885
1,623
- 13.9%
742
610
- 17.8%
Current as of October 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 9-2014
By Bedroom Count
9-2015
9-2014
By Property Type 9-2014
9-2015
21.0
9-2015
9.9
11.8 10.5
18.6
8.5
8.0
7.5
6.8
6.3
11.1
5.5
4.8
3.4
3.1
5.2
8.4
7.7
5.1
4.6
- 35.4%
- 38.2%
- 40.3%
- 24.3%
- 11.4%
- 30.7%
- 36.3%
- 11.0%
- 25.9%
- 31.3%
$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
Single-Family Homes
Condos
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
$100,000 and Below
4.8
3.1
- 35.4%
5.4
2.6
- 51.9%
4.4
3.3
- 25.0%
$100,001 to $225,000
5.5
3.4
- 38.2%
4.3
2.5
- 41.9%
9.1
5.3
- 41.8%
$225,001 to $375,000
7.7
4.6
- 40.3%
6.3
3.7
- 41.3%
12.6
7.3
- 42.1%
$375,001 to $650,000
11.1
8.4
- 24.3%
10.5
7.9
- 24.8%
14.1
10.5
- 25.5%
$650,001 and Above
21.0
18.6
- 11.4%
21.3
18.2
- 14.6%
18.5
22.5
+ 21.6%
All Price Ranges
8.8
6.5
- 26.1%
8.5
6.3
- 25.9%
9.9
6.8
- 31.3%
9-2014
9-2015
Change
9-2014
9-2015
Change
9-2014
9-2015
Change
7.5
5.2
- 30.7%
4.3
2.9
- 32.6%
9.7
6.5
- 33.0%
By Bedroom Count 2 Bedrooms or Less 3 Bedrooms
8.0
5.1
- 36.3%
7.7
4.8
- 37.7%
10.4
7.4
- 28.8%
4 Bedrooms or More
11.8
10.5
- 11.0%
11.8
10.5
- 11.0%
8.1
8.6
+ 6.2%
All Bedroom Counts
8.8
6.5
- 26.1%
8.5
6.3
- 25.9%
9.9
6.8
- 31.3%
Current as of October 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