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

September 2011

Quick Facts

It's no secret that certain market segments tend to outperform others based on a number of factors. For the 12-month period spanning October 2010 through September 2011, Pending Sales in the Hilton Head region were up 8.9 percent overall. The price range with the largest gain in sales was the $100,000 and Below range, where they increased 22.4 percent. The overall Median Sales Price was down 5.3 percent to $232,000. The property type with the smallest price decline was the Single-Family segment, where prices decreased 5.7 percent to $264,000. The price range that tended to sell the quickest was the $100,000 and Below range at 116 days; the price range that tended to sell the slowest was the $650,001 and Above range at 233 days. Market-wide, inventory levels were down 20.3 percent. The property type that lost the least inventory was the Condo segment, where it decreased 17.7 percent. That amounts to 11.8 months supply for Single-Family homes and 13.7 months supply for Condos.

+ 22.4%

+ 11.0%

+ 10.4%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$100,000 and Below

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 9-2010

By Bedroom Count

9-2011

9-2010

By Property Type 9-2010

9-2011

9-2011

810

770

1,165

693 968

577

557

517

1,025

2,036

1,050

1,845

520

455

637 345

702

321

865

819

+ 22.4%

+ 5.2%

+ 20.1%

+ 0.6%

- 7.0%

+ 5.9%

+ 11.0%

+ 10.2%

+ 10.4%

+ 5.6%

$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

Single-Family Homes

Condos

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

$100,000 and Below

455

557

+ 22.4%

144

218

+ 51.4%

311

339

+ 9.0%

$100,001 to $225,000

770

810

+ 5.2%

594

610

+ 2.7%

176

200

+ 13.6%

$225,001 to $375,000

577

693

+ 20.1%

411

509

+ 23.8%

166

184

+ 10.8%

$375,001 to $650,000

517

520

+ 0.6%

390

419

+ 7.4%

127

101

- 20.5%

$650,001 and Above

345

321

- 7.0%

306

280

- 8.5%

39

41

+ 5.1%

2,664

2,901

+ 8.9%

1,845

2,036

+ 10.4%

819

865

+ 5.6%

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

Change

968

1,025

+ 5.9%

315

372

+ 18.1%

653

653

0.0%

All Price Ranges

By Bedroom Count 2 Bedrooms or Less 3 Bedrooms

Change

1,050

1,165

+ 11.0%

900

968

+ 7.6%

150

197

+ 31.3%

4 Bedrooms or More

637

702

+ 10.2%

630

695

+ 10.3%

7

7

0.0%

All Bedroom Counts

2,664

2,901

+ 8.9%

1,845

2,036

+ 10.4%

819

865

+ 5.6%

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 9-2010

By Bedroom Count

9-2011

9-2010

By Property Type 9-2010

9-2011

9-2011

233 187 149 116

162 172

202 180

135

139

171

148 136

148

132

125

146

145 140

79

+ 46.5% $100,000 and Below

+ 5.1% $100,001 to $225,000

- 0.7% $225,001 to $375,000

- 3.5% $375,001 to $650,000

+ 15.0% $650,001 and Above

All Properties By Price Range

2 Bedrooms or Less

+ 9.4% 3 Bedrooms

- 0.6%

- 0.4%

+ 15.5%

4 Bedrooms or More

Single-Family Homes

Condos

Single-Family Homes

9-2010

9-2011

Change

$100,000 and Below

79

116

$100,001 to $225,000

125

132

$225,001 to $375,000

149

$375,001 to $650,000

187

$650,001 and Above All Price Ranges

By Bedroom Count

+ 2.9%

9-2010

9-2011

Change

+ 46.5%

87

113

+ 5.1%

118

127

148

- 0.7%

138

180

- 3.5%

174

202

233

+ 15.0%

144

150

Condos 9-2010

9-2011

Change

+ 30.0%

75

118

+ 55.8%

+ 7.7%

150

147

- 2.1%

125

- 9.1%

178

215

+ 21.1%

164

- 5.5%

240

248

+ 3.4%

206

238

+ 15.5%

170

193

+ 13.5%

+ 4.3%

146

145

- 0.4%

140

162

+ 15.5%

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

Change

2 Bedrooms or Less

135

139

+ 2.9%

135

105

- 21.7%

135

158

+ 17.0%

3 Bedrooms

136

148

+ 9.4%

130

143

+ 10.1%

169

174

+ 2.9%

4 Bedrooms or More

172

171

- 0.6%

172

170

- 1.2%

119

209

+ 76.4%

All Bedroom Counts

144

150

+ 4.3%

146

145

- 0.4%

140

162

+ 15.5%

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 9-2010

By Property Type 9-2010

9-2011

9-2011 $280,000

$510,000

$245,000 $445,000

$264,000

$232,000

$161,000 $280,000 $162,500

$150,000

$273,000

$155,000

- 4.6%

- 2.5%

2 Bedrooms or Less

3 Bedrooms

- 12.7%

- 5.3%

4 Bedrooms or More

All Properties By Bedroom Count

- 5.7%

All Properties

Single-Family Homes

Single-Family Homes

- 6.8% Condos

Condos

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

Change

2 Bedrooms or Less

$162,500

$155,000

- 4.6%

$180,000

$177,750

- 1.3%

$128,250

$110,000

- 14.2%

3 Bedrooms

$280,000

$273,000

- 2.5%

$265,000

$265,177

+ 0.1%

$325,000

$290,000

- 10.8%

4 Bedrooms or More

$510,000

$445,000

- 12.7%

$505,875

$445,000

- 12.0%

$715,000

$550,000

- 23.1%

All Bedroom Counts

$245,000

$232,000

- 5.3%

$280,000

$264,000

- 5.7%

$161,000

$150,000

- 6.8%

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 | 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 9-2010

By Bedroom Count

9-2011

9-2010

94.8%

9-2010

94.1%

94.5%

94.0%

By Property Type

9-2011

93.9%

94.0%

94.0%

94.1%

9-2011

94.1%

93.9% 93.4%

93.3%

93.6%

92.2% 91.7% 91.8%

93.5% 93.5% 93.2%

92.4%

- 1.9%

- 0.3%

+ 0.2%

+ 0.7%

+ 0.1%

- 0.4%

- 0.1%

+ 0.0%

+ 0.1%

- 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

Single-Family Homes

Condos

By Price Range

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

$100,000 and Below

94.0%

92.2%

- 1.9%

92.5%

91.3%

- 1.2%

94.7%

92.8%

- 2.1%

$100,001 to $225,000

94.8%

94.5%

- 0.3%

95.4%

95.1%

- 0.3%

92.7%

92.8%

+ 0.1%

$225,001 to $375,000

93.9%

94.1%

+ 0.2%

94.6%

95.0%

+ 0.4%

92.2%

91.5%

- 0.8%

$375,001 to $650,000

93.3%

93.9%

+ 0.7%

93.4%

94.3%

+ 1.0%

92.8%

92.2%

- 0.6%

$650,001 and Above

91.7%

91.8%

+ 0.1%

91.5%

91.7%

+ 0.2%

93.1%

92.2%

- 1.0%

All Price Ranges

93.8%

93.6%

- 0.2%

94.0%

94.1%

+ 0.1%

93.4%

92.4%

- 1.0%

Change

By Bedroom Count

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

Change

2 Bedrooms or Less

93.6%

93.2%

- 0.4%

93.8%

94.5%

+ 0.7%

93.5%

92.5%

- 1.0%

3 Bedrooms

94.1%

94.0%

- 0.1%

94.4%

94.4%

- 0.0%

92.6%

92.3%

- 0.4%

4 Bedrooms or More

93.5%

93.5%

+ 0.0%

93.5%

93.5%

- 0.0%

89.9%

91.7%

+ 1.9%

All Bedroom Counts

93.8%

93.6%

- 0.2%

94.0%

94.1%

+ 0.1%

93.4%

92.4%

- 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 9-2010

By Bedroom Count

9-2011

9-2010

866 684

744

707

9-2010

1,467

881

827

812

By Property Type

9-2011

643

1,170

9-2011

2,573 1,156

940

1,119

2,018 885 1,198

385

986 226

- 41.3%

- 21.0%

- 20.8%

- 14.5%

- 15.6%

- 19.7%

- 21.2%

- 20.9%

- 21.6%

- 17.7%

$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

Single-Family Homes

9-2010

9-2011

Change

9-2010

$100,000 and Below

385

226

- 41.3%

$100,001 to $225,000

866

684

- 21.0%

$225,001 to $375,000

812

643

$375,001 to $650,000

827

707

$650,001 and Above

881

All Price Ranges

By Bedroom Count

Condos

9-2011

Change

9-2010

9-2011

Change

168

90

- 46.4%

217

136

- 37.3%

595

462

- 22.4%

271

222

- 18.1%

- 20.8%

493

362

- 26.6%

319

281

- 11.9%

- 14.5%

562

477

- 15.1%

265

230

- 13.2%

744

- 15.6%

755

627

- 17.0%

126

117

- 7.1%

3,771

3,004

- 20.3%

2,573

2,018

- 21.6%

1,198

986

- 17.7%

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

Change

2 Bedrooms or Less

1,170

940

- 19.7%

318

268

- 15.7%

852

672

- 21.1%

3 Bedrooms

1,467

1,156

- 21.2%

1,160

893

- 23.0%

307

263

- 14.3%

4 Bedrooms or More

1,119

885

- 20.9%

1,093

855

- 21.8%

26

30

+ 15.4%

All Bedroom Counts

3,771

3,004

- 20.3%

2,573

2,018

- 21.6%

1,198

986

- 17.7%

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 | 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 9-2010

By Bedroom Count

9-2011

9-2010

29.1

By Property Type

9-2011

9-2010

29.1

9-2011 17.7

16.6

20.6

13.7

16.7 18.9 16.5

16.2

11.0

13.6 10.8

10.0

15.0

14.8

11.8

11.8

11.0

4.8

- 55.0% $100,000 and Below

- 26.7% $100,001 to $225,000

- 33.5% $225,001 to $375,000

- 14.7% $375,001 to $650,000

- 0.1% $650,001 and Above

All Properties By Price Range

9-2010

- 25.8% 2 Bedrooms or Less

- 28.9% 3 Bedrooms

- 27.1%

- 29.1%

- 22.5%

4 Bedrooms or More

Single-Family Homes

Condos

Single-Family Homes

9-2011

Change

9-2010

9-2011

Change

Condos 9-2010

9-2011

Change

$100,000 and Below

10.8

4.8

- 55.0%

15.5

4.9

- 68.2%

8.7

4.8

- 45.0%

$100,001 to $225,000

13.6

10.0

- 26.7%

12.1

8.9

- 26.8%

18.7

13.5

- 27.6%

$225,001 to $375,000

16.5

11.0

- 33.5%

14.2

8.4

- 40.9%

22.1

18.3

- 17.2%

$375,001 to $650,000

18.9

16.2

- 14.7%

16.8

13.5

- 19.7%

25.9

27.3

+ 5.7%

$650,001 and Above

29.1

29.1

- 0.1%

28.3

28.1

- 0.8%

35.2

36.0

+ 2.4%

All Price Ranges

17.0

12.4

- 27.1%

16.6

11.8

- 29.1%

17.7

13.7

- 22.5%

By Bedroom Count

9-2010

9-2011

Change

9-2010

9-2011

Change

9-2010

9-2011

Change

2 Bedrooms or Less

14.8

11.0

- 25.8%

12.4

8.6

- 30.8%

16.0

12.3

- 22.6%

3 Bedrooms

16.7

11.8

- 28.9%

15.4

11.0

- 28.8%

24.1

16.4

- 32.1%

4 Bedrooms or More

20.6

15.0

- 27.1%

20.4

14.7

- 27.9%

19.5

30.0

+ 53.8%

All Bedroom Counts

17.0

12.4

- 27.1%

16.6

11.8

- 29.1%

17.7

13.7

- 22.5%

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


September 2011 Housing Outlook