Coastal Carolinas Association of REALTORS 2014 Annual Report

2014 ANNUAL REPORT

2014 MARKET ANALYSIS

Text

2014 Annual Report on the Coastal Carolinas Housing Market

10,672

+ 10.7%

7,124

+ 2.6%

Single-Family New Listings in 2014

Change from 2013

Condos New Listings in 2014

Change from 2013

New Listings – Condos

New Listings – Single-Family Homes 10,672

7,725

9,644

9,141 8,209

8,586

7,124

7,043

6,946 6,512

2010

- 10.2%

+ 4.6%

+ 12.3%

+ 10.7%

2011

2012

2013

2014

2010

- 8.8%

- 7.5%

+ 6.7%

+ 2.6%

2011

2012

2013

2014

6,266

+ 8.0%

4,137

- 0.1%

Single-Family Closed Sales in 2014

Change from 2013

Condos Closed Sales in 2014

Change from 2013

Closed Sales – Condos

Closed Sales – Single-Family Homes

5,802

6,266 3,918

4,818 3,638

2010

3,274

4,141

4,137

3,543

4,081

+ 12.2%

+ 18.1%

+ 20.4%

+ 8.0%

2011

2012

2013

2014

2010

+ 8.2%

+ 10.6%

+ 5.7%

- 0.1%

2011

2012

2013

2014

Current as of January 1 , 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 3

2014 MARKET ANALYSIS

Text

2014 Annual Report on the Coastal Carolinas Housing Market

$182,149

+ 5.3%

$114,435

+ 4.0%

Single-Family Median Sales Price in 2014

Change from 2013

Condos Median Sales Price in 2014

Change from 2013

Median Sales Price – Condos

Median Sales Price – Single-Family Homes $182,149 $174,000

$172,945 $164,000

2010

$118,000 $110,000

$114,435

$107,000

$105,000

- 9.3%

- 1.9%

+ 4.8%

+ 4.0%

2011

2012

2013

2014

$160,000

- 5.7%

- 2.4%

+ 8.1%

+ 5.3%

2011

2012

2013

2014

2010

3,983

+ 0.7%

3,373

- 2.7%

Single-Family Homes for Sale in 2014

Change from 2013

Condos Homes for Sale in 2014

Change from 2013

Inventory – Single-Family Homes

Inventory – Condos

At the end of each year.

At the end of each year.

4,667

4,691 4,187

2010

3,900

3,954

4,251

3,983

- 10.7%

- 6.9%

+ 1.4%

+ 0.7%

2011

2012

2013

2014

2010

3,494

3,467

3,373

- 8.9%

- 17.8%

- 0.8%

- 2.7%

2011

2012

2013

2014

Current as of January 1 , 2015. All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 3

2014 MARKET ANALYSIS

Text

2014 Annual Report on the Coastal Carolinas Housing Market Area Overviews

New Listings

Closed Sales

2013

2014

Percentage Change

2013

2014

Percentage Change

Entire Market*

16,590

17,796

+ 7.3%

9,943

10,403

+ 4.6%

Horry County

14,810

15,877

+ 7.2%

9,008

9,411

+ 4.5%

Georgetown County

1,780

1,919

+ 7.8%

935

992

+ 6.1%

Andrews

55

43

- 21.8%

16

24

+ 50.0%

Aynor

68

49

- 27.9%

36

31

- 13.9%

Carolina Forest

1,157

1,434

+ 23.9%

677

945

+ 39.6%

Conway

1,657

1,987

+ 19.9%

921

1,193

+ 29.5%

Garden City / Murrells Inlet

737

893

+ 21.2%

401

492

+ 22.7%

Georgetown

323

364

+ 12.7%

165

182

+ 10.3%

1,860

2,088

+ 12.3%

846

1,193

+ 41.0%

445

428

- 3.8%

205

255

+ 24.4%

Myrtle Beach

3,790

4,006

+ 5.7%

2,215

2,202

- 0.6%

North Myrtle Beach

1,660

1,762

+ 6.1%

846

1,035

+ 22.3%

Pawleys Island / Litchfield

656

774

+ 18.0%

327

367

+ 12.2%

Socastee

448

563

+ 25.7%

293

319

+ 8.9%

Surfside Beach

914

899

- 1.6%

626

576

- 8.0%

Little River Loris

Area Overviews

Median Sales Price

Homes for Sale 2013

2014

Percentage Change

2013

2014

Percentage Change

Entire Market*

$146,000

$155,000

+ 6.2%

7,421

7,356

- 0.9%

Horry County

$142,900

$151,209

+ 5.8%

6,281

6,280

- 0.0%

Georgetown County

$215,000

$220,000

+ 2.3%

1,140

1,076

- 5.6%

Andrews

$73,750

$100,000

+ 35.6%

26

23

- 11.5%

Aynor

$101,850

$170,000

+ 66.9%

35

26

- 25.7%

Carolina Forest

$148,990

$160,900

+ 8.0%

420

452

+ 7.6%

Conway

$125,875

$132,000

+ 4.9%

684

704

+ 2.9%

Garden City / Murrells Inlet

$237,803

$225,000

- 5.4%

360

370

+ 2.8%

Georgetown

$145,000

$175,000

+ 20.7%

275

252

- 8.4%

Little River

$145,000

$152,000

+ 4.8%

873

809

- 7.3%

Loris

$123,475

$126,875

+ 2.8%

220

183

- 16.8%

Myrtle Beach

$126,400

$133,075

+ 5.3%

1,856

1,883

+ 1.5%

North Myrtle Beach

$190,000

$185,200

- 2.5%

837

838

+ 0.1%

Pawleys Island / Litchfield

$285,000

$238,500

- 16.3%

543

503

- 7.4%

Socastee

$124,000

$135,000

+ 8.9%

137

200

+ 46.0%

Surfside Beach

$142,700

$150,000

+ 5.1%

343

335

- 2.3%

*Activity for the entire market is not necessarily a sum of single-family homes and condo activity.

Current as of January 1 , 2015. All data comes from the Coastal Carolinas Association of REALTORS速 Multiple Listing Service. Provided by South Carolina REALTORS速. Powered by 10K Research and Marketing. | 4

CCAR BY THE NUMBERS: MEMBERSHIP As of December 31, 2014....

We have 3,058 REALTOR速 members Strongest membership growth since 2007

3,174 MLS Subscribers 1326 Active Keys 638 E-Keys

CCAR BY THE NUMBERS: SOCIAL MEDIA As of December 31, 2014....

982 Likes 2,500 Page Visits 178,188 Post Reach

287 Tweets 375 Followers

100 Connections

EDUCATION & PROFESSIONAL DEVELOPMENT 70 Free Courses Offered in 2014 1,427 Members Attended

5 Designation Courses Offered in 2014 68 Members Attended 1 CCAR Hosted Conference and 1 Partnered Conference with SCR in 2014 475+ Members Attended Each

GOVERNMENT AFFAIRS

CCAR continues to monitor all federal, state and local legislation that affects the real estate industry.

In 2014 CCAR stepped up efforts to regulate local HOAs as the primary source to receive and file complaints.

CCAR organized the first REALTOR® association Flood Insurance workshop for REALTORS® and community officials educating them on legislation supporting mitigation, and connecting them with the information to help their clients or municipalities better understand insurance rates.

In addition, CCAR hosted the 33rd Annual Legislative Pig Pickin’ at which more than 50 local and state government officials, came to meet and greet our members.

CCAR Raised

$64,962.00 for RPAC in 2014

COMMUNITY OUTREACH

$1,611.06 Donated to Helping Hand in 2014 RAFT was established by CCAR in 2010 to help REALTORS速 and Affiliates.

RAFT is funded by private donations and proceeds from the annual Mark Sloan Memorial Golf Tournament.

$24,577.00 Donated to RAFT速 in 2014 $3,736.00 from the Mark Sloan Tournament Donated to The Duke Cancer Institute and American Cancer Society

MLS PRODUCTS Coastal Carolinas Association of REALTORS® MLS Department is proud to present members with the following services: LPS® MLS Solutions is the premier data and service provider in the Internet-based Multiple Listing Systems (MLS) industry.

PropTools provides revolutionary features to anyone needing to search for real estate ownership and property characteristics.

ShowingAssist™ helps real estate professionals schedule showings online in order to save them from unnecessary phone calls and busy work.

ListHub is much more than a data feed. ListHub provides a platform to manage the complexities of online marketing across a wide variety of reputable real estate marketing services.

Point2 provides the largest syndication network in the industry, with over 50 syndication partners, displaying lisntings on over 300 destinations.

RPR™ is a parcel centric system which will aggregate all available data sets and attach them to a property, including tax assessment,public record information, notice of default, and much more.

ZipForm automates the forms process and allows for quick and easy creation, editing and completion of forms required for any real estate transaction.

Mobile MLS, mobile application, allows for real estate professionals to access the MLS system and data while on the go.

2014 AWARD WINNERS

REALTOR速 OF THE YEAR RANDY HARRISON

AFFILIATE OF THE YEAR PIERRE RATTINI

REALTOR速 IMAGE AWARD WINNER RON JACKSON

REALTOR速 IMAGE AWARD WINNER DARRYL ROGERS

REALTOR速 IMAGE AWARD WINNER STANLEY PARKER