Local Market Update – March 2012 A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®
North Myrtle Beach
+ 10.2%
- 18.5%
- 2.1%
Change in New Listings All Properties
Change in Closed Sales All Properties
Change in Inventory of Homes All Properties
March
Single-Family Properties New Listings Closed Sales Median Sales Price* Percent of Original List Price Received* Days on Market Until Sale Inventory of Homes for Sale
Year to Date
2011
2012
+/–
2011
2012
+/–
41 20 $269,137 92.5% 164 206
41 12 $265,000 94.2% 153 202
0.0% - 40.0% - 1.5% + 1.8% - 6.8% - 1.9%
107 55 $254,900 92.9% 202 --
107 48 $240,000 93.3% 162
0.0% - 12.7% - 5.8% + 0.4% - 19.8% --
March
Condo Properties
2011
New Listings Closed Sales Median Sales Price* Percent of Original List Price Received* Days on Market Until Sale Inventoryy of Homes for Sale
116 72 $168,500 93.0% 825 15.4
2012 132 63 $166,250 93.5% 841 14.8
--
Year to Date +/–
2011
+ 13.8% - 12.5% - 1.3% + 0.6% + 1.9% - 3.9%
354 143 $174,000 94.1% ---
2012 356 147 $165,000 93.1% ---
+/– + 0.6% + 2.8% - 5.2% - 1.0% ---
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
Change in Median Sales Price from Prior Year (6-Month Average)** Single-Family Properties
Condo Properties All MLS North Myrtle Beach
+ 20%
+ 15%
+ 15%
+ 10%
+ 10%
b
All MLS North Myrtle Beach
a
+ 5%
+ 5% 0% 0% - 5% - 5% - 10% - 10% - 15% - 15% - 20%
- 20%
- 25%
- 25% - 30% 1-2008
1-2009
1-2010
1-2011
1-2012
- 30% 1-2008
1-2009
1-2010
1-2011
1-2012
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their share of sales during that period. | All data from the Coastal Carolinas Association of REALTORS®. | Sponsored by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Information deemed reliable but not guaranteed. Consult your agent for market specifics.