june, 2012 market report

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

June 2012

Research powered by

SiteTech Systems

June represented another solid month of real estate sales activity and some improving performance indicators. As anticipated, Single Family Residential (SFR) inventory declined in June to 4,724 homes, a 6.3% decline from prior year levels. It is anticipated that the inventory will continue to decline throughout the year. Distressed SFR inventory fell for the third consecutive month. Although SFR sales were flat to prior month and prior year levels, Year-to-Date (YTD) sales are up 8.7% as compared to 2011 levels. Offsetting solid sales activity, the median sales price fell to $164,000 in June. Year to date, SFR median sales price is down 3.1% versus 2011. This decline is anticipated as it is forecasted that 2012 median sales price will be down 3 – 5%. Condo inventory continues to decline as June was the third consecutive month of declining inventory. As compared to prior year levels, inventory is down 11% and almost at a 24 month low (since tracking began). Additionally, distressed condo inventory fell for the third straight month and the lowest level since tracking began (over 24 months). Similar to 2011, June condo sales fell from May to 352 units which is flat to June, 2011. Year to date, condo sales are up 2.2% from 2011 while the median sales price is $106,000, a 3.6% decline from 2011. Residential lot sales continue to outpace 2011 levels as they are up 62%. This increase in sales activity is at the expense of sales price with an YTD median sales price of $30,000 which is a decline of 19.4% as compared to 2011.

Grand Strand Active Inventory

Single Family Residential

# Listings

Horry Co. 3,878

Georgetown Co. 846

Total 4,724

Average List Price $341,150

Median List Price $224,900

Condo/Townhome

# Listings

Horry Co. 4,132

Georgetown Co. 422

Total 4,554



Horry Co.

G’town Co.

Less than $150k 1,111 94

$150k - $250k 1,375 149

$250k - $500k 1,001 321

$500k - $1.0 MM 298 181

$1 MM + 93 101

Horry Co.

G’town Co.

Less than $100k 1,439 61

$100k - $150k 1,029 82

$150k - $200k 598 73

$200k - $400k 773 109

$400k -$750k 243 67

$750+ 50 30

Distribution by Price Range

2 Research performed by SiteTech Systems

Residential Lot # Listings

Horry Co. 1,902

Georgetown Co. 737

Total 2,639



Horry Co.

G’town Co.

Less than $25k 349 52

$25k - $50k 629 88

$50k - $75k 277 75

$75k-100k 200 95

$100k-175k 212 151

$175k -250k 102 119

$250k+ 133 157

Grand Strand SFR Inventory Trends

Research performed by SiteTech Systems 3

June 2011 5,042

June 2012 4,724

4,000

4,200

4,400

4,600

4,800

5,000

5,200

5,400

5,600

# o

f Li

stin

gs

Grand Strand SFR Inventory

June 2011 875

June 2012 800

600

650

700

750

800

850

900

950

# o

f D

istr

ess

ed

Lis

tin

gs

Grand Strand Distressed SFR Listings

Grand Strand Condo Inventory Trends


June 2011 5,119

June 2012 4,554

4,000

4,200

4,400

4,600

4,800

5,000

5,200

5,400

5,600

5,800

6,000

# o

f Li

stin

gs

Grand Strand Condo Inventory

June 2011 864

June 2012 771

700

750

800

850

900

950

1000

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

# o

f D

istr

ess

ed

Grand Strand Distressed Condo Listings

Closed Sales - SFR

June Year to Date

June 2012383

100

150

200

250

300

350

400

450

500

550

600

Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12 Jun 12

Historical Activity


414

374383

2010 2011 2012

1,817 1,830

1,990

2010 2011 2012

Average Sales Price - SFR June Year to Date

June 2012$232,630

$195,000

$225,000

$255,000

$285,000

$315,000

$345,000

$375,000


Historical Activity


$227,568

$238,846

$232,630

2010 2011 2012

$229,461 $227,591

$218,240

2010 2011 2012

Median Sales Price - SFR June

$174,435$185,250

$164,000

2010 2011 2012

Year to Date

June 2012$164,000

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000


Historical Activity


$180,000$174,847

$169,410

2010 2011 2012

Median Sales Price – SFR Distressed & Non-Distressed


$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

Feb

-10

Mar

-10

Ap

r-1

0

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

Non-Distressed

Distressed

Combined

Median Sales Price – SFR Cash & Conventional Transactions


$125,000

$135,000

$145,000

$155,000

$165,000

$175,000

$185,000

$195,000

$205,000

$215,000

$225,000

Feb-10 May-10 Aug-10 Nov-10 Feb-11 May-11 Aug-11 Nov-11 Feb-12 May 12

Cash

Conventional

Combined

SFR Sales % Cash vs. % Conventional


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%Ja

n-1

0

Feb

-10

Mar

-10

Ap

r-1

0

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

11

-Oct

11

-No

v

De

c-1

1

12

-Jan

12

-Fe

b

12

-Mar

Ap

r-1

2

May

-12

Jun

-12

% Cash

% Conventional

Sold to List Price Ratio - SFR

June

71%

88% 91%

2010 2011 2012

Year to Date

June 201291%

83

85

87

89

91

93

95

97

99


Historical Activity


89%88%

90%

2010 2011 2012

Closed Sales - Condo June

332

355352

2010 2011 2012

Year to Date

Historical Activity

12

June 2012352

50

250

450

650

850

1050


Research performed by SiteTech Systems

1,767

1,8961,937

2010 2011 2012

Average Sales Price - Condo June Year to Date

June 2012$146,779

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 10-Jan 10-Jul 11-Jan 11-Jul Jan 12 Jun 12

Historical Activity


$148,651

$146,188

$146,779

2010 2011 2012

$149,645

$140,798

$136,878

2010 2011 2012

Median Sales Price - Condo June

$125,000 $120,000

$110,000

2010 2011 2012

Year to Date

June 2012$110,000

$75,000

$125,000

$175,000

$225,000

$275,000

Jan 05 Jul 05 Jan 06 Jul 06 Jan 07 Jul 07 Jan 08 Jul 08 Jan 09 Jul 09 Jan 10 Jul 10 Jan 11 Jul 11 Jan 12 Jun

Historical Activity


$121,990

$109,950 $106,000

2010 2011 2012

Median Sales Price – Condo Distressed & Non-Distressed


$60,000

$70,000

$80,000

$90,000

$100,000

$110,000

$120,000

$130,000

$140,000Ja

n-1

0

Feb

-10

Mar

-10

Ap

r-1

0

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

Non-Distressed

Distressed

Combined

Median Sales Price – Condo Cash & Conventional Transactions


$50,000

$70,000

$90,000

$110,000

$130,000

$150,000

$170,000Ja

n-1

0

Feb

-10

Mar

-10

Ap

r-1

0

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

11

-Oct

11

-No

v

De

c-1

1

Jan

-12

12

-Fe

b

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

Cash

Conventional

Combined

Condo Sales % Cash vs. % Conventional


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%Ja

n-1

0

Feb

-10

Mar

-10

Ap

r-1

0

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

11

-Se

p

11

-Oct

11

-No

v

De

c-1

1

Jan

-12

12

-Fe

b

Mar

-12

Ap

r-1

2

May

-12

Jun

-12

% Cash

% Conventional

Sold to List Price Ratio - Condo

June

85%86%

88%

2010 2011 2012

Year to Date

June 201288 %

75

80

85

90

95

100

105


Historical Activity


85%

86%

88%

2010 2011 2012

Closed Sales – Residential Lot

6570

90

2010 2011 2012

Year to Date

June 201290

10

60

110

160

210

260

310


Historical Activity

19

June

Research performed by SiteTech Systems

302333

541

2010 2011 2012

Average Sales Price – Residential Lot June Year to Date

June 2012$65,265

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


Historical Activity


$89,547

$54,651 $65,265

2010 2011 2012

$81,150 $73,235

$63,540

2010 2011 2012

Median Sales Price – Residential Lot

June

$44,000

$32,400

$20,000

2010 2011 2012

Year to Date

June 2012$20,000

$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000


Historical Activity


$44,900

$37,200

$30,000

2010 2011 2012

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

June

$45,500

$34,500 $38,000

2010 2011 2012

Year to Date

Historical Activity


$55,000

$52,500

$50,000

2010 2011 2012

June 2012 $38,000

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

Jan10

Apr10

Jul10

Oct10

Jan11

Apr11

Jul11

Oct10

Jan12

Jun12

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

76%

73%

68%

2010 2011 2012

June 201265%

40

50

60

70

80

90

100

110


Historical Activity


76% 75%

65%

2010 2011 2012

Grand Strand Distressed Inventory

Single Family Residential

# Listings

Horry Co. 718

Georgetown Co. 82

Total 800



Condo/Townhome

# Listings

Horry Co. 733

Georgetown Co. 38

Total 771



Horry Co.

G’town Co.


$150k - $250k 175 18

$250k - $500k 93 17

$500k - $1.0 MM 27 10

$1 MM + 2 2

Distribution by Price Range


Residential Lot # Listings

Horry Co. 310

Georgetown Co. 79

Total 389



Horry Co.

G’town Co.


$25k - $50k 96 15

$50k - $75k 35 10

$75k-100k 19 16

$100k-175k 18 13

$175k -250K 9 11

$250K + 9 5

Horry Co.

G’town Co.


$100k - $150k 120 9

$150k - $200k 75 2

$200k - $400k 84 2

$400k -$750k 12 7

$750+ - -

Distressed Sales Total

June August Oct Dec Feb Apr June

SFR


Condo



% Total Sales

29 30 29 28 32 33

30

37 32 33

28 28 29


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

Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®

June 2012 Quick Facts

23456789

10111213Months Supply of Inventory

Median Sales PriceAverage Sales PricePercent of List Price ReceivedHousing Affordability IndexInventory of Homes for Sale

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1

+ 4.7%Change in

Closed SalesSingle-Family Only

Click on desired metric to jump to that page.

We’re halfway through 2012, and what a year it’s been. Residential real estate has finally taken some meaningful strides toward recovery, and they’ve all been self-powered without divine (or governmental) intervention. Yes, there have been some head fakes in the past, but there's real reason to believe that market turnaround awaits us. Beyond home prices, key metrics to watch include Days on Market, Percent of List Price Received and Months Supply of Inventory. Locally, a few indicators showed improvement. Let's see what the rest of our local data has to say.

New Listings in the Coastal Carolinas region were down 1.8 percent for detached homes and 17.8 percent for condos. Pending Sales increased 44.4 percent for single-family homes and 34.9 percent for condos.

The Median Sales Price was down 11.2 percent to $158,000 for single-family properties and 6.4 percent to $110,000 for condo units. Months Supply of Inventory decreased 28.0 percent for single-family units and 22.0 percent for townhouse-condo units.

We seem to be at a critical inflection point in our attempts to spur more hiring. Job growth provides the dual benefit of stimulating new household growth as well as relieving distressed homeowners. There's also the positive feedback loop of housing creating jobs and jobs creating housing. Keeping the affordability picture afloat, the Fed has vowed to keep interest rates around 4.0 percent through mid-2013.

+ 2.8%Change in

Closed SalesCondo Only

+ 3.8%Change in

Closed SalesAll Properties

Single-Family Market OverviewCondo Market OverviewNew ListingsPending SalesClosed SalesDays On Market Until Sale

Single-Family Market Overview

Key Metrics Historical Sparklines 6-2011 6-2012 + / – YTD 2011 YTD 2012 + / –

Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.

2,162 + 8.7%

129

4,808

184 174

155 + 8.4%

--

$212,291 $206,033 - 2.9%

$178,000 $158,000

$218,661

94.4% 96.0%

Housing Affordability Index

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent ofList Price Received

$225,291

405 424 + 4.7% 1,989

New Listings

Pending Sales

Closed Sales

- 1.9%

363 524 + 44.4% 2,197 2,673 + 21.7%

4,516735 722 - 1.8% 4,603

$165,250 $160,000

+ 1.0%

- 5.2% 178 179 + 0.9%

- 3.2%

+ 1.8% 94.3% 95.3%

- 2.9%

- 11.2%

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2

14.5

155 + 8.4%

- 15.8%

- 28.0%

4,049

10.5

129

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

Condo Market Overview

Key Metrics Historical Sparklines 6-2011 6-2012 + / – YTD 2011 YTD 2012 + / –

Key market metrics for the current month and year-to-date figures for Condo Properties Only.

- 6.5%

Pending Sales 281 379 + 34.9% 1,974 2,267 + 14.8%

New Listings 597 491 - 17.8% 3,916 3,660

+ 2.1%

Days on Market Until Sale 183 188 + 2.5% 179 176 - 1.3%

Closed Sales 355 365 + 2.8% 1,908 1,949

- 2.3%

Average Sales Price $146,627 $145,985 - 0.4% $140,319 $137,652 - 1.9%

Median Sales Price $117,500 $110,000 - 6.4% $107,500 $105,000

- 0.1%

Housing Affordability Index 189 216 + 13.0% 189 216 + 13.0%

Percent ofList Price Received

93.3% 93.8% + 0.5% 93.7% 93.6%


--

Months Supplyof Homes for Sale

15.7 12.2 - 22.0% -- -- --

Inventory of Homes for Sale 4,691 3,885 - 17.2% -- --

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

6-2009 6-2010 6-2011 6-2012

New Listings

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 648 - 18.6% 553 - 5.8%

August 715 - 5.3% 562 - 14.6%

September 607 - 14.1% 507 - 14.2%

October 636 - 4.9% 545 - 2.3%

November 603 - 2.0% 552 + 5.3%

December 454 - 8.3% 444 + 3.0%

January 759 - 1.0% 690 + 6.2%

February 700 - 9.1% 609 - 2.2%

March 803 - 11.0% 663 - 12.6%

April 735 - 0.7% 609 - 16.9%

May 797 + 15.7% 598 + 7.9%

June 722 - 1.8% 491 - 17.8%

Total 8,179 - 5.3% 6,956 - 6.1%


A count of the properties that have been newly listed on the market in a given month.

796

663

735

597

722

491

Single-Family Condo

June

0

250

500

750

1,000

1,250

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical New Listing Activity Single-Family Condo

-17.8% -10.0% -1.8% -7.7%

2012 2011 2010 2012 2011 2010

5,243

4,518 4,603

3,916

4,516

3,660

Single-Family Condo

Year to Date

-6.5% -13.3% -1.9% -12.2%

2012 2011 2010 2012 2011 2010

Pending Sales

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 392 + 23.3% 271 - 0.4%

August 358 + 10.2% 330 + 1.9%

September 345 + 22.3% 263 - 10.2%

October 328 + 0.6% 262 - 15.5%

November 292 + 4.7% 233 - 4.9%

December 252 + 5.4% 189 + 6.8%

January 335 + 13.9% 313 + 15.5%

February 400 + 16.6% 341 + 2.7%

March 470 + 10.3% 406 + 2.3%

April 441 + 14.2% 445 + 18.4%

May 503 + 30.6% 383 + 20.8%

June 524 + 44.4% 379 + 34.9%

Total 4,640 + 17.0% 3,868 + 6.4%


A count of the properties on which contracts have been accepted in a given month.

327 318

363

281

524

379

Single-Family Condo

June

0

250

500

750

1,000

1,250

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Pending Sales Activity Single-Family Condo

+34.9% -11.6% +44.4% +11.0%

2012 2011 2010 2012 2011 2010

2,113

1,867

2,197

1,974

2,673

2,267

Single-Family Condo

Year to Date

+14.8% +5.7% +21.7% +4.0%

2012 2011 2010 2012 2011 2010

Closed Sales

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 349 + 10.8% 284 0.0%

August 390 + 18.2% 288 - 8.6%

September 353 + 9.6% 298 - 2.0%

October 341 + 18.0% 265 - 2.9%

November 336 + 31.8% 239 - 4.4%

December 323 - 1.8% 259 - 11.3%

January 273 + 12.3% 211 + 0.5%

February 295 + 17.1% 270 + 13.0%

March 383 + 5.5% 353 - 6.9%

April 363 - 0.8% 351 - 5.6%

May 424 + 17.8% 399 + 13.0%

June 424 + 4.7% 365 + 2.8%

Total 4,254 + 11.1% 3,626 - 1.1%


A count of the actual sales that have closed in a given month.

458

333

405

355

424

365

Single-Family Condo

June

0

250

500

750

1,000

1,250

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Closed Sales Activity Single-Family Condo

+2.8% +6.6% +4.7% -11.6%

2012 2011 2010 2012 2011 2010

1,985

1,770

1,989 1,908

2,162

1,949

Single-Family Condo

Year to Date

+2.1% +7.8% +8.7% +0.2%

2012 2011 2010 2012 2011 2010

Days on Market Until Sale

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 182 + 7.8% 185 + 8.9%

August 174 + 8.8% 176 + 1.5%

September 178 + 3.1% 196 + 13.8%

October 200 + 10.0% 195 + 8.2%

November 183 + 7.1% 169 - 7.7%

December 176 + 0.3% 165 - 10.7%

January 183 - 6.7% 183 - 1.9%

February 185 + 16.7% 184 + 5.0%

March 177 - 4.2% 167 - 2.5%

April 176 - 3.0% 170 - 0.6%

May 183 + 13.5% 171 - 8.8%

June 174 - 5.2% 188 + 2.5%

Total 181 + 3.4% 179 + 0.2%


Average number of days between when a property is listed and when an offer is accepted in a given month.

161

179 184 183 174

188

Single-Family Condo

June

0

50

100

150

200

250

300

350

400

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Days on Market Until Sale Single-Family Condo

+2.5% +2.2% -5.2% +13.9%

2012 2011 2010 2012 2011 2010

171 170 178 179 179 176

Single-Family Condo

Year to Date

-1.3% +5.3% +0.9% +4.2%

2012 2011 2010 2012 2011 2010

Median Sales Price

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 162,250 - 13.1% 110,000 - 4.3%

August 163,000 - 16.4% 99,950 - 13.1%

September 164,250 - 3.4% 108,750 - 5.4%

October 167,498 - 9.2% 105,000 - 10.3%

November 157,500 - 12.9% 92,000 - 20.0%

December 162,248 - 1.7% 107,500 - 2.3%

January 159,900 + 2.5% 91,750 - 14.6%

February 170,400 + 3.3% 95,000 - 5.0%

March 160,000 - 10.6% 104,000 - 5.4%

April 159,000 + 0.7% 115,000 + 15.0%

May 161,500 + 0.9% 105,000 - 4.5%

June 158,000 - 11.2% 110,000 - 6.4%

Median 162,000 - 5.8% 108,000 - 5.3%


Median price point for all closed sales, not accounting for seller concessions, in a given month.

$164,350

$123,500

$178,000

$117,500

$158,000

$110,000

Single-Family Condo

June

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Median Sales Price Single-Family Condo

-6.4% -4.9% -11.2% +8.3%

2012 2011 2010 2012 2011 2010

$170,000

$120,000

$165,250

$107,500

$160,000

$105,000

Single-Family Condo

Year to Date

-2.3% -10.4% -3.2% -2.8%

2012 2011 2010 2012 2011 2010

Average Sales Price

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 203,465 - 6.1% 145,251 - 8.6%

August 195,946 - 16.9% 123,658 - 16.2%

September 207,648 - 1.7% 137,638 + 0.3%

October 220,292 + 0.0% 154,308 + 1.9%

November 205,868 - 11.5% 132,004 - 17.3%

December 221,155 + 12.9% 132,909 - 4.8%

January 203,310 + 5.2% 123,018 - 14.3%

February 205,042 - 1.9% 129,473 + 3.1%

March 210,571 - 9.0% 130,685 - 9.1%

April 194,523 - 7.0% 143,473 + 10.4%

May 201,592 + 2.6% 144,258 - 3.5%

June 218,661 - 2.9% 145,985 - 0.4%

Average 190,753 - 3.6% 137,500 - 4.6%


Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$211,617

$148,224

$225,291

$146,627

$218,661

$145,985

Single-Family Condo

June

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Average Sales Price Single-Family Condo

- 0.4% - 1.1% - 2.9% + 6.5%

2012 2011 2010 2012 2011 2010

$215,624

$149,184

$212,291

$140,319

$206,033

$137,652

Single-Family Condo

Year to Date

- 1.9% - 5.9% - 2.9% - 1.5%

2012 2011 2010 2012 2011 2010

Percent of List Price Received

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 94.3% - 0.6% 91.9% - 2.6%

August 94.0% - 0.6% 94.9% + 1.5%

September 94.7% + 0.1% 93.2% + 0.4%

October 94.2% - 0.8% 92.0% - 1.5%

November 94.2% + 0.3% 93.7% + 1.1%

December 94.1% - 0.2% 93.2% - 0.5%

January 95.5% + 1.6% 92.6% - 1.8%

February 95.3% + 0.8% 93.3% - 0.4%

March 94.6% - 0.7% 92.9% - 0.6%

April 95.0% + 1.2% 94.7% + 0.9%

May 95.2% + 1.4% 93.7% - 0.1%

June 96.0% + 1.8% 93.8% + 0.5%

Average 89.6% + 1.3% 87.8% + 1.0%


Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

94.7% 93.5% 94.4% 93.3% 96.0% 93.8%

Single-Family Condo

June

90%

92%

94%

96%

98%

100%

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Percent of List Price Received Single-Family Condo

+0.5% -0.2% +1.8% -0.4%

2012 2011 2010 2012 2011 2010

94.6% 94.0% 94.3% 93.7% 95.3% 93.6%

Single-Family Condo

Year to Date

-0.1% -0.4% +1.0% -0.3%

2012 2011 2010 2012 2011 2010

Housing Affordability Index

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 139 - 6.2% 198 + 4.0%

August 140 + 13.6% 215 + 4.6%

September 140 + 15.6% 204 + 10.7%

October 140 + 2.0% 211 + 3.4%

November 147 + 9.8% 233 + 10.0%

December 144 + 12.3% 208 + 18.2%

January 148 + 3.2% 238 + 3.5%

February 144 + 6.2% 237 + 21.4%

March 151 + 8.9% 222 + 15.6%

April 151 + 21.5% 205 + 15.4%

May 150 + 9.7% 220 - 0.7%

June 155 + 8.4% 216 + 13.0%

Average 146 + 8.7% 217 + 9.9%

This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.


138

181

129

189

155

216

Single-Family Condo

June

75

100

125

150

175

200

225

250

1-2008 1-2009 1-2010 1-2011 1-2012

Historical Housing Affordability Index Single-Family Condo

+13.0% +7.1% +8.4% +2.8%

2012 2011 2010 2012 2011 2010

138

181

129

189

155

216

Single-Family Condo

Year to Date

+13.0% +7.1% +8.4% +2.8%

2012 2011 2010 2012 2011 2010

Inventory of Homes for Sale

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 4,710 - 11.0% 4,632 - 14.3%

August 4,669 - 10.7% 4,542 - 14.4%

September 4,560 - 11.4% 4,467 - 13.4%

October 4,535 - 10.3% 4,426 - 11.1%

November 4,507 - 9.8% 4,438 - 9.6%

December 4,241 - 10.4% 4,284 - 9.0%

January 4,297 - 9.6% 4,345 - 7.0%

February 4,290 - 11.1% 4,352 - 7.1%

March 4,257 - 13.4% 4,298 - 8.8%

April 4,249 - 12.8% 4,138 - 12.9%

May 4,177 - 13.2% 4,072 - 13.7%

June 4,049 - 15.8% 3,885 - 17.2%

Average 3,252 - 16.4% 3,971 - 16.7%


The number of properties available for sale in active status at the end of a given month.

5,296 5,445

4,808 4,691

4,049 3,885

Single-Family Condo

June

500

1,500

2,500

3,500

4,500

5,500

6,500

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Inventory of Homes for Sale Single-Family Condo

-17.2% -13.8% -15.8% -9.2%

2012 2011 2010 2012 2011 2010

Months Supply of Inventory

MonthSingle-Family

YoYChg.

CondoYoYChg.

July 14.0 - 12.6% 15 - 18.4%

August 13.8 - 13.6% 15.1 - 17.9%

September 13.2 - 16.8% 15.0 - 16.5%

October 13.2 - 16.1% 15.1 - 12.7%

November 13.0 - 15.5% 15.2 - 9.9%

December 12.2 - 16.5% 14.6 - 9.9%

January 12.3 - 16.6% 14.6 - 9.5%

February 12.1 - 18.7% 14.6 - 7.9%

March 11.9 - 20.9% 14.4 - 8.3%

April 11.7 - 23.1% 13.6 - 14.0%

May 11.2 - 23.8% 13.1 - 15.6%

June 10.5 - 28.0% 12.2 - 22.0%

Average 9.6 - 28.0% 12.3 - 21.8%


The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

16.1

18.9

14.5 15.7

10.5

12.2

Single-Family Condo

June

0

5

10

15

20

25

30

1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Months Supply of Inventory Single-Family Condo

-22.0% -17.3% -28.0% -9.4%

2012 2011 2010 2012 2011 2010

June 2012 Quick Facts

Housing Supply Overview

+ 12.2% + 10.7%After a few head fakes, even cynical commentators agree that residential real estate may finally be clawing out from a multi-year valley. For the 12-month period spanning July 2011 through June 2012, Closed Sales in the C l C li i 1 1 ll Th i i h

+ 8.4%

Price Range With the Bedroom Count With Property Type With

A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®

$150,000 and Below 4 Bedrooms or More

234567

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1

Coastal Carolinas region were up 5.1 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 12.2 percent.

The overall Median Sales Price was down 5.1 percent to $137,625. The property type with the smallest price decline was the Condo segment,where prices decreased 5.7 percent to $107,000. The price rangethat tended to sell the quickest was the $150,000 and Below range at 168 days; the price range that tended to sell the slowest was the $300,001 and Above range at 210 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 15.8 percent. That amounts to 10.5 months supply for Single-Family homes and 12.2 months supply for Condos.

Click on desired metric to jump to that page.

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

Single-Family Homes

Closed SalesDays on Market Until SaleMedian Sales PricePercent of List Price ReceivedInventory of Homes for SaleMonths Supply of Inventory

Closed Sales A count of the actual sales that have closed. Based on a rolling 12-month total.

3,763

1,309

819547

1,017

4,221

1,334

796573

912

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

By Price Range6-2011 6-2012

2,252

3,687

1,268

2,345

3,846

1,374

2 Bedrooms or Less

3 Bedrooms 4 Bedrooms or More

By Bedroom Count6-2011 6-2012

+ 12.2%

3,373

3,440

3,735

3,380

Single-Family Homes Condos

By Property Type6-2011 6-2012

+ 1.9% - 2.8% + 4.8% - 10.3% + 10.7% - 1.7%+ 4.1% + 4.3% + 8.4%

By Price Range 6-2011 6-2012 Change 6-2011 6-2012 Change 6-2011 6-2012 Change

$150,000 and Below 3,763 4,221 + 12.2% 1,420 1,801 + 26.8% 2,343 2,420 + 3.3%

$150,001 to $200,000 1,309 1,334 + 1.9% 813 858 + 5.5% 496 476 - 4.0%

$200,001 to $250,000 819 796 - 2.8% 542 535 - 1.3% 277 261 - 5.8%

$250,001 to $300,000 547 573 + 4.8% 355 394 + 11.0% 192 179 - 6.8%

$300,001 and Above 1,017 912 - 10.3% 699 666 - 4.7% 318 246 - 22.6%

All Price Ranges 7,455 7,836 + 5.1% 3,373 3,735 + 10.7% 3,440 3,380 - 1.7%

By Bedroom Count 6-2011 6-2012 Change 6-2011 6-2012 Change 6-2011 6-2012 Change

2 Bedrooms or Less 2,252 2,345 + 4.1% 231 279 + 20.8% 2,021 2,066 + 2.2%

3 Bedrooms 3,687 3,846 + 4.3% 2,458 2,734 + 11.2% 1,229 1,112 - 9.5%

4 Bedrooms or More 1,268 1,374 + 8.4% 1,139 1,241 + 9.0% 129 133 + 3.1%

All Bedroom Counts 7,455 7,836 + 5.1% 3,373 3,735 + 10.7% 3,440 3,380 - 1.7%


All Properties Single-Family Homes Condos

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.

166180 174 181

214

168

188 188200

210

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


176

171

196

176 177

196

2 Bedrooms or Less



+ 1.2%

175

178

181

179



+ 4.9% + 7.7% + 10.3% - 2.1% + 3.4% + 0.5%- 0.0% + 3.5% + 0.1%


$150,000 and Below 166 168 + 1.2% 161 171 + 6.4% 170 166 - 2.2%

$150,001 to $200,000 180 188 + 4.9% 170 175 + 2.7% 195 214 + 9.9%

$200,001 to $250,000 174 188 + 7.7% 166 185 + 11.2% 190 193 + 1.8%

$250,001 to $300,000 181 200 + 10.3% 172 197 + 14.6% 200 207 + 3.4%

$300,001 and Above 214 210 - 2.1% 223 207 - 7.3% 193 220 + 13.7%

All Price Ranges 176 180 + 2.0% 175 181 + 3.4% 178 179 + 0.5%


2 Bedrooms or Less 176 176 - 0.0% 165 184 + 11.5% 177 175 - 1.4%

3 Bedrooms 171 177 + 3.5% 167 174 + 4.5% 179 183 + 2.1%

4 Bedrooms or More 196 196 + 0.1% 194 194 + 0.1% 215 217 + 0.9%

All Bedroom Counts 176 180 + 2.0% 175 181 + 3.4% 178 179 + 0.5%



Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.

$97,500

$155,000

$269,995

$90,000

$148,900

$251,516

2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More


$145,000

$172,000

$113,500

$137,625

$162,000

$107,000



- 5.8% - 5.7%- 7.7% - 3.9% - 5.1%- 6.8%


2 Bedrooms or Less $97,500 $90,000 - 7.7% $110,000 $92,000 - 16.4% $96,000 $90,000 - 6.3%

3 Bedrooms $155,000 $148,900 - 3.9% $155,000 $147,000 - 5.2% $157,000 $157,500 + 0.3%

4 Bedrooms or More $269,995 $251,516 - 6.8% $264,000 $249,100 - 5.6% $305,000 $310,000 + 1.6%

All Bedroom Counts $145,000 $137,625 - 5.1% $172,000 $162,000 - 5.8% $113,500 $107,000 - 5.7%



p g y

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.

93.5%

95.1%95.0%

95.1%

93.2%

93.6%

95.3%

94.9%

95.4%

93.8%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


93.1%

94.6%

93.8%

93.0%

94.9%

94.3%

2 Bedrooms or Less



+ 0.1%

94.4%

93.6%

94.8%

93.4%



+ 0.2% - 0.1% + 0.3% + 0.6% + 0.4% - 0.2%- 0.1% + 0.3% + 0.5%


$150,000 and Below 93.5% 93.6% + 0.1% 93.6% 94.1% + 0.5% 93.4% 93.2% - 0.2%

$150,001 to $200,000 95.1% 95.3% + 0.2% 95.8% 95.9% + 0.1% 94.1% 94.0% - 0.1%

$200,001 to $250,000 95.0% 94.9% - 0.1% 95.6% 95.8% + 0.2% 93.7% 93.1% - 0.6%

$250,001 to $300,000 95.1% 95.4% + 0.3% 96.0% 96.1% + 0.1% 93.4% 93.7% + 0.3%

$300,001 and Above 93.2% 93.8% + 0.6% 92.8% 93.7% + 1.0% 94.2% 94.1% - 0.1%

All Price Ranges 94.0% 94.1% + 0.1% 94.4% 94.8% + 0.4% 93.6% 93.4% - 0.2%


2 Bedrooms or Less 93.1% 93.0% - 0.1% 92.2% 91.6% - 0.7% 93.2% 93.2% 0.0%

3 Bedrooms 94.6% 94.9% + 0.3% 94.9% 95.3% + 0.4% 93.9% 93.9% 0.0%

4 Bedrooms or More 93.8% 94.3% + 0.5% 93.8% 94.3% + 0.5% 93.5% 94.1% + 0.6%

All Bedroom Counts 94.0% 94.1% + 0.1% 94.4% 94.8% + 0.4% 93.6% 93.4% - 0.2%



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.

4,019

1,552

990777

2,161

3,253

1,245

874628

1,934

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


2,978

4,228

2,005

2,516

3,511

1,679

2 Bedrooms or Less



- 19.1%

4,808 4,691

4,049 3,885



- 19.8% - 11.7% - 19.2% - 10.5% - 15.8% - 17.2%- 15.5% - 17.0% - 16.3%


$150,000 and Below 4,019 3,253 - 19.1% 1,465 1,099 - 25.0% 2,554 2,154 - 15.7%

$150,001 to $200,000 1,552 1,245 - 19.8% 850 687 - 19.2% 702 558 - 20.5%

$200,001 to $250,000 990 874 - 11.7% 580 552 - 4.8% 410 322 - 21.5%

$250,001 to $300,000 777 628 - 19.2% 483 398 - 17.6% 294 230 - 21.8%

$300,001 and Above 2,161 1,934 - 10.5% 1,430 1,313 - 8.2% 731 621 - 15.0%

All Price Ranges 9,499 7,934 - 16.5% 4,808 4,049 - 15.8% 4,691 3,885 - 17.2%


2 Bedrooms or Less 2,978 2,516 - 15.5% 297 240 - 19.2% 2,681 2,276 - 15.1%

3 Bedrooms 4,228 3,511 - 17.0% 2,745 2,320 - 15.5% 1,483 1,191 - 19.7%

4 Bedrooms or More 2,005 1,679 - 16.3% 1,765 1,488 - 15.7% 240 191 - 20.4%

All Bedroom Counts 9,499 7,934 - 16.5% 4,808 4,049 - 15.8% 4,691 3,885 - 17.2%



Months Supply of Inventory The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales from the last 12 months.

12.513.7

14.9

17.2

26.1

8.510.3

12.4 12.4

23.5

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


15.9

13.5

18.6

12.2

10.0

13.4

2 Bedrooms or Less



- 31.5%

14.515.7

10.5

12.2



- 24.6% - 16.2% - 28.0% - 10.0% - 28.0% - 22.0%- 23.1% - 25.6% - 27.6%


$150,000 and Below 12.5 8.5 - 31.5% 11.6 6.7 - 42.4% 13.0 10.0 - 23.7%

$150,001 to $200,000 13.7 10.3 - 24.6% 12.1 8.8 - 27.4% 16.2 13.1 - 19.3%

$200,001 to $250,000 14.9 12.4 - 16.2% 13.0 11.6 - 11.0% 18.6 14.3 - 23.2%

$250,001 to $300,000 17.2 12.4 - 28.0% 15.6 11.4 - 27.0% 20.9 14.8 - 29.3%

$300,001 and Above 26.1 23.5 - 10.0% 24.5 21.4 - 12.7% 30.0 29.8 - 0.8%

All Price Ranges 15.1 11.3 - 25.3% 14.5 10.5 - 28.0% 15.7 12.2 - 22.0%


2 Bedrooms or Less 15.9 12.2 - 23.1% 15.3 9.7 - 36.8% 16.0 12.6 - 21.2%

3 Bedrooms 13.5 10.0 - 25.6% 12.9 9.3 - 27.3% 14.8 11.7 - 21.1%

4 Bedrooms or More 18.6 13.4 - 27.6% 18.1 13.1 - 27.5% 23.0 16.6 - 27.9%

All Bedroom Counts 15.1 11.3 - 25.3% 14.5 10.5 - 28.0% 15.7 12.2 - 22.0%



june, 2012 market report

Documents