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Housing Supply Overview A RESEARCH TOOL PROVIDED BY THE HILTON HEAD AREA ASSOCIATION OF REALTORS速

November 2011

Quick Facts

With 2012 just around the corner, many local markets have enjoyed strong sales volumes combined with falling inventory levels so far this year. For the 12-month period spanning December 2010 through N November b 2011, 2011 Pending P di S Sales l iin th the Hilt Hilton H Head d region i were up 4 4.2 2 percent overall. The price range with the largest gain in sales was the $100,001 to $225,000 range, where they increased 8.7 percent. The overall Median Sales Price was down 1.4 percent to $231,250. The property type with the largest price gain was the Condo segment, where prices increased 0.1 percent to $150,000. The price range that tended to sell the quickest was the $100,000 and Below range at 115 days; the price range that tended to sell the slowest was the $650,001 and Above range at 236 days. Market-wide, inventory levels were down 16.8 percent. The property type that lost the least inventory was the Condo segment, where it decreased 15.7 percent. That amounts to 11.4 months supply for Single-Family homes and 13.0 months supply for Condos.

+ 17.4%

+ 16.7%

+ 15.7%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$100,001 to $225,000

3 Bedrooms

Single-Family Homes

Pending Sales Days on Market Until Sale Median Sales Price Percent of List Price Received Inventory of Homes for Sale Months Supply of Inventory

2 3 4 5 6 7

Click on desired metric to jump to that page.

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | 1


Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.

By Price Range 11-2010

By Bedroom Count

11-2011

11-2010

By Property Type 11-2010

11-2011

11-2011

850 1,196

724

687

1,055

1,025

1,806

956

602

566

2,089

501

485

531 644 321

696

322

867

827

+ 16.7%

+ 17.4%

+ 14.1%

+ 6.0%

+ 0.3%

+ 10.4%

+ 16.7%

+ 8.1%

+ 15.7%

+ 4.8%

$100,000 and Below

$100,001 to $225,000

$225,001 to $375,000

$375,001 to $650,000

$650,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

11-2010

11-2011

Single-Family Homes

Condos

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

$100,000 and Below

485

566

+ 16.7%

162

219

+ 35.2%

323

347

+ 7.4%

$100,001 to $225,000

724

850

+ 17.4%

549

642

+ 16.9%

175

208

+ 18.9%

$225,001 to $375,000

602

687

+ 14.1%

431

514

+ 19.3%

171

173

+ 1.2%

$375,001 to $650,000

501

531

+ 6.0%

383

430

+ 12.3%

118

101

- 14.4%

$650,001 and Above

321

322

+ 0.3%

281

284

+ 1.1%

40

38

- 5.0%

2,633

2,956

+ 12.3%

1,806

2,089

+ 15.7%

827

867

+ 4.8%

11-2010

11-2011

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

956

1,055

+ 10.4%

297

406

+ 36.7%

659

649

- 1.5%

All Price Ranges

By Bedroom Count 2 Bedrooms or Less 3 Bedrooms

1,025

1,196

+ 16.7%

871

994

+ 14.1%

154

202

+ 31.2%

4 Bedrooms or More

644

696

+ 8.1%

637

688

+ 8.0%

7

8

+ 14.3%

All Bedroom Counts

2,633

2,956

+ 12.3%

1,806

2,089

+ 15.7%

827

867

+ 4.8%

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 2


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.

By Price Range 11-2010

By Bedroom Count

11-2011

11-2010

By Property Type 11-2010

11-2011

11-2011

235

158 170

206 182

183

147 130

145 114

131

125

176

134

133 146

142 142

138 78

+ 47.3%

+ 4.8%

- 1.6%

+ 0.5%

+ 13.7%

+ 3.3%

+ 10.4%

+ 3.6%

+ 2.8%

+ 14.0%

$100,000 and Below

$100,001 to $225,000

$225,001 to $375,000

$375,001 to $650,000

$650,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

11-2010

Single-Family Homes

11-2011

Change

11-2010

11-2011

Change

Condos 11-2010

11-2011

Change

$100,000 and Below

78

114

+ 47.3%

83

114

+ 37.4%

75

115

+ 52.7%

$100,001 to $225,000

125

131

+ 4.8%

117

124

+ 5.6%

149

153

+ 3.0%

$225,001 to $375,000

145

142

- 1.6%

129

122

- 5.5%

184

205

+ 11.4%

$375,001 to $650,000

182

183

+ 0.5%

170

172

+ 1.1%

230

232

+ 0.9%

$650,001 and Above

206

235

+ 13.7%

207

241

+ 16.0%

199

189

- 5.2%

All Price Ranges

141

149

+ 6.0%

142

146

+ 2.8%

138

158

+ 14.0%

By Bedroom Count

11-2010

11-2011

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

2 Bedrooms or Less

130

134

+ 3.3%

130

101

- 22.5%

130

155

+ 19.6%

3 Bedrooms

133

147

+ 10.4%

125

143

+ 14.1%

176

167

- 5.4%

4 Bedrooms or More

170

176

+ 3.6%

170

176

+ 3.8%

173

153

- 11.9%

All Bedroom Counts

141

149

+ 6.0%

142

146

+ 2.8%

138

158

+ 14.0%

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 3


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

By Bedroom Count 11-2010

By Property Type 11-2010

11-2011

11-2011 $275,000

$512,500 $450,000

$274,000

$158,999

$234,500

$263,815

$230,285

$155,000

$149,900

$272,000

$159,000

+ 0.0%

- 0.7%

2 Bedrooms or Less

3 Bedrooms

- 12.2%

- 1.8%

4 Bedrooms or More

All Properties

- 4.1%

All Properties

Single-Family Homes

Single-Family Homes

+ 3.4% Condos

Condos

By Bedroom Count

11-2010

11-2011

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

2 Bedrooms or Less

$158,999

$159,000

+ 0.0%

$180,000

$181,000

+ 0.6%

$122,400

$109,000

- 10.9%

3 Bedrooms

$274,000

$272,000

- 0.7%

$260,000

$264,408

+ 1.7%

$330,000

$290,000

- 12.1%

4 Bedrooms or More

$512,500

$450,000

- 12.2%

$507,500

$450,000

- 11.3%

$1,000,000

$415,000

- 58.5%

All Bedroom Counts

$234,500

$230,285

- 1.8%

$275,000

$263,815

- 4.1%

$149,900

$155,000

+ 3.4%

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 4


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.

By Price Range 11-2010

By Bedroom Count

11-2011

11-2010 94.6% 94.6%

94.1%

94.0%

By Property Type 11-2010

11-2011

94.1% 94.1%

94.2%

11-2011

94.1% 93.9%

93.9% 93.3%

93.5% 93.7%

92.4% 91.8% 91.5%

93.5% 93.4%

92.6%

93.4%

- 1.8%

+ 0.1%

+ 0.2%

+ 0.6%

- 0.3%

- 0.3%

+ 0.0%

+ 0.0%

+ 0.2%

- 1.0%

$100,000 and Below

$100,001 to $225,000

$225,001 to $375,000

$375,001 to $650,000

$650,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

11-2010

11-2011

Single-Family Homes Change

11-2010

11-2011

Change

Condos 11-2010

11-2011

Change

$100,000 and Below

94.1%

92.4%

- 1.8%

92.1%

91.7%

- 0.5%

95.1%

92.9%

- 2.3%

$100,001 to $225,000

94.6%

94.6%

+ 0.1%

95.2%

95.1%

- 0.1%

92.4%

93.2%

+ 0.8%

$225,001 to $375,000

94.0%

94.2%

+ 0.2%

94.7%

95.1%

+ 0.5%

92.3%

91.4%

- 0.9%

$375,001 to $650,000

93.3%

93.9%

+ 0.6%

93.4%

94.2%

+ 0.8%

92.8%

92.6%

- 0.2%

$650,001 and Above

91.8%

91.5%

- 0.3%

91.6%

91.6%

- 0.1%

92.8%

90.8%

- 2.2%

All Price Ranges

93.8%

93.7%

- 0.1%

93.9%

94.1%

+ 0.2%

93.5%

92.6%

- 1.0%

By Bedroom Count

11-2010

11-2011

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

2 Bedrooms or Less

93.7%

93.5%

- 0.3%

93.8%

94.7%

+ 1.0%

93.7%

92.7%

- 1.1%

3 Bedrooms

94.1%

94.1%

+ 0.0%

94.4%

94.4%

+ 0.0%

92.4%

92.4%

+ 0.0%

4 Bedrooms or More

93.4%

93.4%

+ 0.0%

93.4%

93.4%

+ 0.0%

89.7%

92.1%

+ 2.7%

All Bedroom Counts

93.8%

93.7%

- 0.1%

93.9%

94.1%

+ 0.2%

93.5%

92.6%

- 1.0%

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5


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.

By Price Range 11-2010

By Bedroom Count

11-2011

11-2010 844

By Property Type 11-2010

11-2011

11-2011

826 760

750 635

1,356

726

2,386

673 1,113

616

1,102

1,938

1,039 880

878 344

1,138 942 230

- 33.1%

- 24.8%

- 17.9%

- 11.4%

- 12.1%

- 21.1%

- 18.7%

- 15.3%

- 18.8%

- 17.2%

$100,000 and Below

$100,001 to $225,000

$225,001 to $375,000

$375,001 to $650,000

$650,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

11-2010

11-2011

Single-Family Homes Change

11-2010

Condos

11-2011

Change

11-2010

11-2011

Change

$100,000 and Below

344

230

- 33.1%

139

88

- 36.7%

205

142

- 30.7%

$100,001 to $225,000

844

635

- 24.8%

585

429

- 26.7%

259

206

- 20.5%

$225,001 to $375,000

750

616

- 17.9%

450

346

- 23.1%

300

270

- 10.0%

$375,001 to $650,000

760

673

- 11.4%

504

462

- 8.3%

256

211

- 17.6%

$650,001 and Above

826

726

- 12.1%

708

613

- 13.4%

118

113

- 4.2%

3,524

2,880

- 18.3%

2,386

1,938

- 18.8%

1,138

942

- 17.2%

All Price Ranges

By Bedroom Count

11-2010

11-2011

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

2 Bedrooms or Less

1,113

878

- 21.1%

310

240

- 22.6%

803

638

- 20.5%

3 Bedrooms

1,356

1,102

- 18.7%

1,062

848

- 20.2%

294

254

- 13.6%

4 Bedrooms or More

1,039

880

- 15.3%

1,013

849

- 16.2%

26

31

+ 19.2%

All Bedroom Counts

3,524

2,880

- 18.3%

2,386

1,938

- 18.8%

1,138

942

- 17.2%

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 6


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.

By Price Range 11-2010

By Bedroom Count

11-2011

11-2010

By Property Type

11-2011

11-2010

11-2011 16.9

15.9

29.5 27.1

19.5 12.9 16.1

15.8

15.2

13.7 9.2

8.8

15.0

14.1

18.2

10.0

11.2

11.2

10.4

4.9

- 44.0%

- 32.8%

- 34.5%

- 16.6%

- 8.0%

- 29.1%

- 30.5%

- 22.8%

- 29.4%

- 23.7%

$100,000 and Below

$100,001 to $225,000

$225,001 to $375,000

$375,001 to $650,000

$650,001 and Above

2 Bedrooms or Less

3 Bedrooms

4 Bedrooms or More

Single-Family Homes

Condos

All Properties By Price Range

11-2010

Single-Family Homes

11-2011

Change

11-2010

11-2011

Change

Condos 11-2010

11-2011

Change

$100,000 and Below

8.8

4.9

- 44.0%

10.8

4.9

- 54.4%

7.8

4.9

- 36.9%

$100,001 to $225,000

13.7

9.2

- 32.8%

12.5

8.2

- 34.2%

17.6

12.3

- 30.0% - 24.0%

$225,001 to $375,000

15.8

10.4

- 34.5%

13.2

7.9

- 40.0%

22.8

17.3

$375,001 to $650,000

18.2

15.2

- 16.6%

15.8

13.0

- 17.8%

26.3

24.3

- 7.3%

$650,001 and Above

29.5

27.1

- 8.0%

28.9

26.2

- 9.4%

33.7

33.9

+ 0.6%

All Price Ranges

16.2

11.7

- 27.7%

15.9

11.2

- 29.4%

16.9

12.9

- 23.7%

By Bedroom Count

11-2010

11-2011

Change

11-2010

11-2011

Change

11-2010

11-2011

Change

2 Bedrooms or Less

14.1

10.0

- 29.1%

12.4

7.3

- 40.9%

14.9

11.6

- 22.2%

3 Bedrooms

16.1

11.2

- 30.5%

14.7

10.3

- 29.6%

24.2

15.2

- 36.9%

4 Bedrooms or More

19.5

15.0

- 22.8%

19.2

14.7

- 23.5%

22.3

31.0

+ 39.1%

All Bedroom Counts

16.2

11.7

- 27.7%

15.9

11.2

- 29.4%

16.9

12.9

- 23.7%

All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS速 and South Carolina REALTORS速. Powered by 10K Research and Marketing. | Click for Cover Page | 7

December 2011 Housing Outlook  

Local Area Market Stats

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