august2013monthlysalestrendbroker

Grand Strand Market Report Contents Active Inventory 2

SFR Inventory Trends 3

Condo Inventory Trends 4

Closed Sales – SFR 5

Avg. Sales Price – SFR 6

Median Sales Price – SFR 7

Median Sales Price – SFR (Distressed & Non-Distressed) 8

Median Sales Price – SFR (Cash & Conventional Transactions) 9

SFR Sales – (% Cash vs. % Conventional) 10

Sales to List Price Ratio – SFR 11

Closed Sales – Condo 12

Avg. Sales Price – Condo 13

Median Sales Price – Condo 14

Median Sales Price–Condo (Distressed & Non-Distressed) 15

Median Sales Price – Condo (Cash & Conventional Transactions) 16

Condo Sales – (% Cash vs. % Conventional) 17

Sales to List Price Ratio – Condo 18

Closed Sales – Residential Lot 19

Avg. Sales Price – Residential Lot 20

Median Sales Price – Residential Lot 21

Median Sales Price – Res. Lot (Non-Distressed) 22

Sold to List Price Ratio – Residential Lot 23

Distressed Inventory 24

Distressed Sales 25

August 2013

Research powered by

SiteTech Systems

Single Family Residential Sales Soar Up 22.1% in August

Single Family Residential (SFR) hit record levels with 524 sales. This level of performance is the highest monthly production in over seven years. For August, sales grew 22.1% as compared to August 2012. Year-to-date (YTD), SFR sales are up 26.5% from 2012 levels. In addition to strong SFR sales, the median sales price of SFRs was $184,500, which is in line with full year performance. YTD, the median sales price is up 4.70% for the year. During August, the inventory of homes for sale continued its seasonal decline, however levels are still up 3.07% from prior year levels. It is anticipated that after the seasonal peak in May, inventory will continue its seasonal decline for the balance of 2013. The inventory of distressed homes for sale continued to decline and is now 57.1% below its prior year level. For condos, the inventory continues its slow decline and the current inventory is down 6.54% from August 2012 and distressed inventory is sharply down 79.6% over the last year. During August, condo sales were flat to prior year levels and year to date condo sales are up 8.2% from 2012. The median sales price for condos is up 13.4% from last year. YTD, the median sales price of condos are up 4.8%. The median sales price of residential lots is flat compared to July and the YTD sales price is up 39.6% from 2012.

Grand Strand Active Inventory

Single Family Residential # Listings

Horry Co. 3,985

Georgetown Co. 885

Total 4,870

Average List Price $340,561

Median List Price $230,000

Condo/Townhome

# Listings

Horry Co. 3,752

Georgetown Co. 404

Total 4,156



Horry Co.

G’town Co.

Less than $150k 1,023 89

$150k - $250k 1,411 188

$250k - $500k 1,177 334

$500k - $1.0 MM 270 158

$1 MM + 104 116

Horry Co.

G’town Co.

Less than $100k 1,193 37

$100k - $150k 985 94

$150k - $200k 624 81

$200k - $400k 740 101

$400k -$750k 172 65

$750+ 38 26

Distribution by Price Range

2 Research performed by SiteTech Systems

Residential Lot # Listings

Horry Co. 1,635

Georgetown Co. 769

Total 2,404



Horry Co.

G’town Co.

Less than $25k 360 80

$25k - $50k 490 95

$50k - $75k 241 86

$75k-100k 166 112

$100k-175k 164 138

$175k -250k 99 119

$250k+ 115 139

Grand Strand SFR Inventory Trends

Research performed by SiteTech Systems 3

Aug 2010 776

Aug 2011 831 Aug 2012

781

Aug 2013 497

450

550

650

750

850

950

May

-10

Jun

-10

Jul-

10

Au

g-1

0

Sep

-10

Oct

-10

No

v-1

0

De

c-1

0

Jan

-11

Feb

-11

Mar

-11

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

Nu

mb

er

of

Dis

tre

sse

d L

isti

ngs

Grand Strand SFR Distressed Inventory

Aug 2010 5,258

Aug 2011 4,821

Aug 2012 4,725

Aug 2013 4,870

4,000

4,200

4,400

4,600

4,800

5,000

5,200

5,400

5,600

May

-10

Jun

-10

Jul-

10

Au

g-1

0

Sep

-10

Oct

-10

No

v-1

0

De

c-1

0

Jan

-11

Feb

-11

Mar

-11

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

Nu

mb

er

of

List

ings

Grand Strand SFR Inventory

Grand Strand Condo Inventory Trends


Aug 2010 944 Aug 2011

803 Aug 2012

686

Aug 2013 382

350

450

550

650

750

850

950

1,050

May

-10

Jun

-10

Jul-

10

Au

g-1

0

Sep

-10

Oct

-10

No

v-1

0

De

c-1

0

Jan

-11

Feb

-11

Mar

-11

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3Nu

mb

er

of

Dis

tre

sse

d L

isti

ngs

Grand Strand Condo Distressed Inventory

Aug 2010 5,542

Aug 2011 4,864

Aug 2012 4,428 Aug 2013

4,156

3,500

4,000

4,500

5,000

5,500

6,000

May

-10

Jun

-10

Jul-

10

Au

g-1

0

Sep

-10

Oct

-10

No

v-1

0

De

c-1

0

Jan

-11

Feb

-11

Mar

-11

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

Nu

mb

er

of

List

ings

Grand Strand Condo Inventory

Closed Sales - SFR

August Year to Date


358429

524

2011 2012 2013

2,4992,884

3,649

2011 2012 2013

Jan 2009 149

Aug 2013 524

100

150

200

250

300

350

400

450

500

550

Nu

mb

er

of

SFR

Sal

es

Historical SFR Sales Activity

Average Sales Price - SFR August Year to Date


$212,222

$220,313 $221,377

2011 2012 2013

$224,295

$217,747

$222,463

2011 2012 2013

March 2007 $346,428

Sept 2012 $196,933

Aug 2013 $221,377

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Jan

-06

Ap

r-0

6

Jul-

06

Oct

-06

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-1

0

Jul-

10

Oct

-10

Jan

-11

Ap

r-1

1

Jul-

11

Oct

-11

Jan

-12

Ap

r-1

2

Jul-

12

Oct

-12

Jan

-13

Ap

r-1

3

Jul-

13

Ave

rage

Sal

es

Pri

ce

Historical SFR Average Sale Prices

Median Sales Price - SFR August

$170,383$175,000

$184,500

2011 2012 2013

Year to Date


$173,000

$170,000

$178,000

2011 2012 2013

July 2006 $242,310

Nov 2012 $160,000

Aug 2013 $184,500

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000

Jan

-06

Ap

r-0

6

Jul-

06

Oct

-06

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-1

0

Jul-

10

Oct

-10

Jan

-11

Ap

r-1

1

Jul-

11

Oct

-11

Jan

-12

Ap

r-1

2

Jul-

12

Oct

-12

Jan

-13

Ap

r-1

3

Jul-

13

Me

dia

n S

ale

s P

rice

s

Historical SFR Median Sale Prices

Median Sales Price – SFR Distressed & Non-Distressed


$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

$220,000M

ar-1

1

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

MedianSales Price

Distressed SalesMedian Sales Price

Non-Distressed SalesMedian Sales Price

Median Sales Price – SFR Cash & Conventional Transactions


$125,000

$135,000

$145,000

$155,000

$165,000

$175,000

$185,000

$195,000

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

MedianSales Price

CashMedian Sales Price

ConventionalMedian Sales Price

SFR Sales % Cash vs. % Conventional


20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%Ja

n-1

0

Mar

-10

May

-10

Jul-

10

Sep

-10

No

v-1

0

Jan

-11

Mar

-11

May

-11

Jul-

11

Sep

-11

No

v-1

1

Jan

-12

Mar

-12

May

-12

Jul-

12

Sep

-12

No

v-1

2

Jan

-13

Mar

-13

May

-13

Jul-

13

Cash% of Closed Sales

Conventional% of Closed Sales

Sold to List Price Ratio - SFR

August

88%

90%

93%

2011 2012 2013

Year to Date


88%

91%

93%

2011 2012 2013

Jan 2006 98%

May 2009 86%

April 2011 86%

Aug 2013 93%

80

82

84

86

88

90

92

94

96

98

100

Sold

to

Lis

t R

atio

Historical SFR Sold to List Ratios

Closed Sales - Condo August

288

357 349

2011 2012 2013

Year to Date


2,468

2,657

2,875

2011 2012 2013

May 2006 845

Jan 2009 117

Aug 2013 349

100

200

300

400

500

600

700

800

900

Nu

mb

er

of

Sale

s

Historical Condo Sales Activity

Average Sales Price - Condo August Year to Date


$138,895

$135,012

$136,377

2011 2012 2013

$123,011

$128,909

$147,250

2011 2012 2013

June 2007 $348,053

Dec 2010 $105,000

Aug 2013 $147,250

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

Jan

-06

Ap

r-0

6

Jul-

06

Oct

-06

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-1

0

Jul-

10

Oct

-10

Jan

-11

Ap

r-1

1

Jul-

11

Oct

-11

Jan

-12

Ap

r-1

2

Jul-

12

Oct

-12

Jan

-13

Ap

r-1

3

Jul-

13

Ave

rage

Sal

es

Pri

ce

Historical Condo Average Sale Prices

Median Sales Price - Condo August

$102,750 $103,199

$117,000

2011 2012 2013

Year to Date


$109,000

$104,000

$109,000

2011 2012 2013

June 2007 $249,921

Nov 2011 $93,450

Aug 2013 $117,000

$50,000

$70,000

$90,000

$110,000

$130,000

$150,000

$170,000

$190,000

$210,000

$230,000

$250,000

Jan

-06

Ap

r-0

6

Jul-

06

Oct

-06

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-1

0

Jul-

10

Oct

-10

Jan

-11

Ap

r-1

1

Jul-

11

Oct

-11

Jan

-12

Ap

r-1

2

Jul-

12

Oct

-12

Jan

-13

Ap

r-1

3

Jul-

13

Me

dia

n S

ale

s P

rice

Historical Condo Median Sales Prices

Median Sales Price – Condo Distressed & Non-Distressed


$60,000

$70,000

$80,000

$90,000

$100,000

$110,000

$120,000

$130,000

$140,000

$150,000

MedianSales Price

Distressed SalesMedian Sales Price

Non-Distressed SalesMedian Sales Price

Median Sales Price – Condo Cash & Conventional Transactions


$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

MedianSales Price

CashMedian Sales Price

ConventionalMedian Sales Price

Condo Sales % Cash vs. % Conventional


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

Cash% of Closed Sales

Conventional% of Closed Sales

Sold to List Price Ratio - Condo

August

86%

88%

91%

2011 2012 2013

Year to Date


86%88%

92%

2011 2012 2013

March & April 2006 98%

April & May 2009 81%

Aug 2013 91%

75

80

85

90

95

100

Sold

to

Lis

t R

atio

Historical Condo Sold to List Ratio

463

712770

2011 2012 2013

Closed Sales – Residential Lot

74 74

97

2011 2012 2013

Year to Date

19

August

Research performed by SiteTech Systems

April 2006 266

Jan 2009 11

Aug 2013 97

0

50

100

150

200

250

300

Nu

mb

er

of

sale

s

Historical Residential Lot Sales Activity

Average Sales Price – Residential Lot August Year to Date


$78,976

$52,112

$73,821

2011 2012 2013

$71,811

$66,940

$71,417

2011 2012 2013

July 2008 $275,614

October 2011 $35,780

Aug 2013 $73,821

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

Jan

-06

Ap

r-0

6

Jul-

06

Oct

-06

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-1

0

Jul-

10

Oct

-10

Jan

-11

Ap

r-1

1

Jul-

11

Oct

-11

Jan

-12

Ap

r-1

2

Jul-

12

Oct

-12

Jan

-13

Ap

r-1

3

Jul-

13

Ave

rage

Sal

es

Pri

ces

Historical Residential Lot Average Sale Prices

$35,900 $32,250

$41,000

2011 2012 2013

Median Sales Price – Residential Lot

August

$32,500 $34,750

$48,500

2011 2012 2013

Year to Date


Aug 2006 $130,000

Nov 2011 $15,000

Aug 2013 $48,500

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

Jan

-06

Ap

r-0

6

Jul-

06

Oct

-06

Jan

-07

Ap

r-0

7

Jul-

07

Oct

-07

Jan

-08

Ap

r-0

8

Jul-

08

Oct

-08

Jan

-09

Ap

r-0

9

Jul-

09

Oct

-09

Jan

-10

Ap

r-1

0

Jul-

10

Oct

-10

Jan

-11

Ap

r-1

1

Jul-

11

Oct

-11

Jan

-12

Ap

r-1

2

Jul-

12

Oct

-12

Jan

-13

Ap

r-1

3

Jul-

13

Me

dia

n S

ale

s P

rice

s

Historical Residential Lot Median Sale Prices

Median Sales Price – Res. Lot (Non-Distressed)

August

$83,000

$31,000

$54,500

2011 2012 2013

Year to Date


$52,675

$45,550

$50,000

2011 2012 2013

Jan 2011 $85,000

Oct 2011 $23,250

Aug 2013 $54,500

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

Jan

-11

Feb

-11

Mar

-11

Ap

r-1

1

May

-11

Jun

-11

Jul-

11

Au

g-1

1

Sep

-11

Oct

-11

No

v-1

1

De

c-1

1

Jan

-12

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Jul-

12

Au

g-1

2

Sep

-12

Oct

-12

No

v-1

2

De

c-1

2

Jan

-13

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun

-13

Jul-

13

Au

g-1

3

Me

dia

n S

ale

s P

rice

s

Historical Residential Lot Median Sale Prices (Non-Distressed)

Sold to List Price Ratio – Residential Lot August Year to Date

74%

70%

81%

2011 2012 2013


75%

70%

79%

2011 2012 2013

April 2006 99%

Nov 2011 47%

Aug 2013 79%

40

50

60

70

80

90

100

Sold

to

Lis

t R

atio

s

Historical Residential Lot Sold to List Ratios

Grand Strand Distressed Inventory

Single Family Residential # Listings

Horry Co. 433

Georgetown Co. 64

Total 497



Condo/Townhome

# Listings

Horry Co. 355

Georgetown Co. 27

Total 382



Horry Co.

G’town Co.


$150k - $250k 119 22

$250k - $500k 48 13

$500k - $1.0 MM 16 7

$1 MM + 2 -

Distribution by Price Range


Residential Lot # Listings

Horry Co. 175

Georgetown Co. 61

Total 236



Horry Co.

G’town Co.


$25k - $50k 49 14

$50k - $75k 16 7

$75k-100k 7 11

$100k-175k 12 8

$175k -250K 5 5

$250K + 7 1

Horry Co.

G’town Co.


$100k - $150k 80 5

$150k - $200k 33 6

$200k - $400k 40 7

$400k -$750k 9 2

$750+ - -

Distressed Sales Total

12-Aug

Oct Dec Feb Apr June 13-Aug

SFR

12-Aug


Condo


12-Aug


% Total Sales

29 29

23 25 25

27 28 24

26

17 15

17 17

12-Aug


Be sure to check out our new website for daily updates and breaking news in the real estate and financial markets, also…

“Like” us on Facebook – www.facebook.com/SiteTechSystems

Follow us on Twitter – @SiteTechSystems

www.sitetechsystems.com

http://www.facebook.com/sitetechsystems

august2013monthlysalestrendbroker

Documents