2023 Annual Report

2023 Annual Report

Association Highlights & Membership Statistics

2023

The CCAR Annual Report is a comprehensive report on CCAR’s achievements and market activity from the preceding year. The report is intended to provide members and the community with information about the association and report on the health of the local real estate market. For more information please visit www.ccarsc.org

INCLUDED Financial Solvency Market Strength, Volume & Statistics Fundraising & Advocacy Membership Professional Development MLS Products Community Outreach Awards 2024 Board of Directors

Financial Solvency CCAR’s financial position is sound and has the association well positioned for the future. We received an unqualified “clean” opinion on our financial statements as stated in the 2022 Smith Sapp CPA Firm audit letter.

Leadership has allocated sufficient reserves to fund the future needs of the association. Conservative management and oversight of the budget avoided an increase in 2024 REALTOR® dues.

We strive to stretch every dollar to offer the best programs, products and services for you the member, keeping you relevant in today’s vibrant real estate industry.

Market Strength In 2023, mortgage rates reached a two-decade peak, creating a notable shift in the real estate landscape.

Despite the persistent scarcity of housing inventory, 2023 ended with a year-over-year 5% inventory increase.

Notably, home prices are experiencing a gradual ascent, yet in a controlled manner. Unlike the rapid escalation observed during the pandemic, the 2023 market demonstrated a higher level of stability.

Despite prevailing prices and higher mortgage rates, the market has attracted a substantial number of buyers, ensuring a robust and sustained level of activity in the housing sector.

Total Volume Sold volume fell in 2023 from the prior year, but the listing count was slightly higher.

Total listing volume was slightly less than 2022.

$4.6 Billion

SOLD VOLUME 2022: 7.2 BILLION SOLD VOLUME

27,756

TOTAL LISTINGS 2022: 27,062 TOTAL LISTINGS

$9.6 Billion LISTING VOLUME 2022: $9.7 BILLION LISTING VOLUME

$360,000

MEDIAN SALES PRICE 2022: $355,000 MEDIAN SALES PRICE

MARKET STATS

https://issuu.com/ccarsc.org/docs/2023_ccar_annual_report

FUNDRAISING AND ADVOCACY

$98,033 raised

RAFT (REALTORS® Assistance Fund Trust) provides financial assistance to REALTORS®, Affiliates and their immediate families who face financial hardship due to serious or catastrophic illness.

$154,488 invested

RPAC (REALTORS® Political Action Committee) protects your business and private property rights! In 2023, we exceeded all of our RPAC fundrasing goals. Money invested in RPAC goes directly to supporting candidates at every level of government who support property ownership, small businesses, and quality of life.

Membership Growth

697

New Members

163 Total REALTOR® 5,227 Members Affiliates

5,296

CCMLS

Subscribers

Personal Development 76

COURSES OFFERED

3,204

MEMBERS ATTENDED

Educational Offerings CCAR offers a robust variety of complimentary education courses throughout the year to meet every skillset and keep members at the forefront of the latest technological tools and applications to help them achieve career success.

CCMLS (COASTAL CAROLINA MLS) IS A WHOLLY OWNED ENTITY OF CCAR

Community Outreach

CCAR member volunteers work tirelessly throughout the year, donating time and resources to better our community. CCAR partners with Backpack Buddies, Boys & Girls Club, Family Justice Center, Fostering Hope, Habitat for Humanity, Helping Hand, Pathways to Possibilities, The Blood Connection and numerous other local organizations.

255

Lives saved with Blood Drives

294 Volunteers

96 Hours

130

Families fed at Thanksgiving

23 Charitable Events

Items donated to Habitat for Humanity auction

52 $27K Raised for next build Items donated to Fostering Hope, Backpack Buddies and Family 1,400 Justice Center Pieces of litter removed 1,000 from our beaches

2023 AWARD WINNERS

CCAR honors exceptional members who take professionalism and community service to the next level.

REALTOR® of the Year Annual recognition of a REALTOR® for his or her contributions and participation in activities of the local, state, and national associations, and the community.

Dona Lee

REALTORS® Image Developed to recognize REALTORS® who have enhanced the image of our profession by going beyond the call of duty by dedicating themselves to charitable acts.

Winners: Bill Yates Brandi Minchillo & Seth June

Affiliate of the Year Recognizes an affiliate who has enhanced the image of the real estate industry with the dedication of its time and resources to charitable acts.

2024 Board

of Directors Brie Bender

President

Mike Hill

Will Davis

Phillip Brady

Larisa Esmat

Mary Childress

Ruth LeMoine

Treasurer

President Elect

Director

Director

Secretary

Director

Kristin Owens

Brandi Minchillo

Renny Diedrich

Drew Streett

Scott Tripp

Ron Jackson

Laura Crowther

Jamie Broadhurst

Director

Affiliate Director

Director

Regional Vice President

NAR Director

Chief Executive Officer NAR Director

NAR Director

Past President

Thanks to outgoing 2023 Board Members Mandy Fulford, John Lindstrand and Max Neubauer for your service.

2024 Board of Directors

Ruth LeMoine

President

Michelle Duncan

Secretary/Treasurer

Seth June

Brian Piercy

Luke Anderson

Monica Carter

Troy Jones

Mike Hill

Roger Chapman

Phillip Brady

Vice President

Director

CCAR President Elect

Director

Executive Director of CCMLS

Director

Director

Past President

Thanks to outgoing 2023 Board Members Brie Bender, Kathy Besse, Jeff Casterline, Debra Fortin and Darcy Varney for your service.