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

August 2013

Quick Facts

Short inventory supplies coupled with resilient consumer demand continue to propel most markets higher. Soon-to-be buyers are monitoring seller activity for signs of additional product coming down the i li F the h 12-month 12 h period i d spanning i S b 2012 through h h pipeline. For September August 2013, Pending Sales in the Hilton Head region were up 16.2 percent overall. The price range with the largest gain in sales was the $225,001 to $375,000 range, where they increased 28.8 percent. The overall Median Sales Price was up 11.0 percent to $249,783. The property type with the largest price gain was the Condo segment, where prices increased 16.1 percent to $180,000. The price range that tended to sell the quickest was the $100,000 and Below range at 102 days; the price range that tended to sell the slowest was the $650,001 and Above range at 183 days. Market-wide, inventory levels were down 15.7 percent. The property type that lost the least inventory was the Condo segment, where it decreased 14.9 percent. That amounts to 7.1 months supply for Single-Family homes and 9.1 months supply for Condos.

+ 28.8%

+ 23.7%

+ 22.7%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$225,001 to $375,000

4 Bedrooms or More

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 8-2012

By Bedroom Count

8-2013

8-2012

By Property Type 8-2012

8-2013

1,130

8-2013 2,767

1,625 1,002

994

1,227

778

1,314

2,256

1,348

739 584

579

839

520 678

394

1,002

1,018

323

- 10.2%

+ 13.7%

+ 28.8%

+ 26.5%

+ 22.0%

+ 7.1%

+ 20.5%

+ 23.7%

+ 22.7%

+ 1.6%

$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

8-2012

8-2013

Single-Family Homes Change

8-2012

8-2013

Condos

Change

8-2012

8-2013

Change

$100,000 and Below

579

520

- 10.2%

243

211

- 13.2%

336

309

- 8.0%

$100,001 to $225,000

994

1,130

+ 13.7%

708

866

+ 22.3%

286

264

- 7.7%

$225,001 to $375,000

778

1,002

+ 28.8%

564

760

+ 34.8%

214

242

+ 13.1%

$375,001 to $650,000

584

739

+ 26.5%

464

589

+ 26.9%

120

150

+ 25.0%

$650,001 and Above

323

394

+ 22.0%

277

341

+ 23.1%

46

53

+ 15.2%

3,258

3,785

+ 16.2%

2,256

2,767

+ 22.7%

1,002

1,018

+ 1.6%

All Price Ranges

By Bedroom Count

8-2012

8-2013

Change

8-2012

8-2013

Change

8-2012

8-2013

Change

2 Bedrooms or Less

1,227

1,314

+ 7.1%

464

569

+ 22.6%

763

745

- 2.4%

3 Bedrooms

1,348

1,625

+ 20.5%

1,125

1,383

+ 22.9%

223

242

+ 8.5%

4 Bedrooms or More

678

839

+ 23.7%

666

814

+ 22.2%

12

25

+ 108.3%

All Bedroom Counts

3,258

3,785

+ 16.2%

2,256

2,767

+ 22.7%

1,002

1,018

+ 1.6%

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 8-2012

By Bedroom Count

8-2013

8-2012

By Property Type 8-2012

8-2013

8-2013 138

137

166 157

206

129

183 122

122

160 146

115

105

130

125 110

102

106

115

87

+ 16.9%

- 12.0%

- 18.4%

- 8.6%

- 11.1%

- 14.4%

- 5.8%

- 5.6%

- 11.0%

+ 0.6%

$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

8-2012

8-2013

Change

$100,000 and Below

87

102

$100,001 to $225,000

125

110

$225,001 to $375,000

130

$375,001 to $650,000

160

$650,001 and Above All Price Ranges

By Bedroom Count

8-2012

8-2013

+ 16.9%

95

102

- 12.0%

115

99

106

- 18.4%

114

94

146

- 8.6%

155

140

206

183

- 11.1%

207

132

121

- 7.9%

Change

Condos 8-2012

8-2013

Change

+ 6.4%

82

103

+ 25.8%

- 13.8%

151

147

- 2.8%

- 17.5%

182

144

- 20.8%

- 9.8%

180

175

- 2.6%

183

- 11.5%

198

181

- 8.3%

129

115

- 11.0%

137

138

+ 0.6%

8-2012

8-2013

Change

8-2012

8-2013

Change

8-2012

8-2013

Change

2 Bedrooms or Less

122

105

- 14.4%

100

70

- 30.1%

137

131

- 4.0%

3 Bedrooms

122

115

- 5.8%

121

110

- 9.1%

131

147

+ 12.4%

4 Bedrooms or More

166

157

- 5.6%

165

156

- 5.9%

236

206

- 13.0%

All Bedroom Counts

132

121

- 7.9%

129

115

- 11.0%

137

138

+ 0.6%

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 | 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 8-2012

By Property Type 8-2012

8-2013 $464,250

8-2013

$460,000 $249,783

$259,700

$268,615

$225,000

$266,555

$164,000

$180,000

$286,633 $155,000

$175,000

+ 6.7%

+ 7.5%

2 Bedrooms or Less

3 Bedrooms

- 0.9%

+ 11.0%

4 Bedrooms or More

All Properties By Bedroom Count

+ 3.4%

All Properties p

Single-Family g y Homes

Single-Family Homes

+ 16.1% Condos

Condos

8-2012

8-2013

Change

8-2012

8-2013

Change

8-2012

8-2013

Change

2 Bedrooms or Less

$164,000

$175,000

+ 6.7%

$185,000

$191,133

+ 3.3%

$121,250

$150,000

+ 23.7%

3 Bedrooms

$266,555

$286,633

+ 7.5%

$265,000

$284,720

+ 7.4%

$295,000

$307,000

+ 4.1%

4 Bedrooms or More

$464,250

$460,000

- 0.9%

$464,250

$461,250

- 0.6%

$473,500

$432,500

- 8.7%

All Bedroom Counts

$225,000

$249,783

+ 11.0%

$259,700

$268,615

+ 3.4%

$155,000

$180,000

+ 16.1%

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 8-2012

By Bedroom Count

8-2013

8-2012

94.8%

8-2012

96.1%

95.9% 95.2%

By Property Type

8-2013

95.7%

95.5%

95.0%

95.1%

94.7%

8-2013

95.1%

93.8%

93.8%

94.6%

94.6% 92.3%

94.3%

94.2% 93.7%

90.9%

93.7%

+ 1.1%

+ 0.8%

+ 1.2%

+ 0.9%

+ 1.5%

+ 0.9%

+ 1.0%

+ 1.5%

+ 1.2%

+ 0.6%

$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

8-2012

8-2013

Single-Family Homes Change

8-2012

8-2013

Change

Condos 8-2012

8-2013

Change

$100,000 and Below

93.8%

94.8%

+ 1.1%

93.5%

94.6%

+ 1.2%

94.0%

94.9%

+ 0.9%

$100,001 to $225,000

95.2%

95.9%

+ 0.8%

95.6%

96.5%

+ 0.9%

94.2%

94.3%

+ 0.1%

$225,001 to $375,000

95.0%

96.1%

+ 1.2%

95.6%

96.8%

+ 1.3%

93.0%

94.0%

+ 1.1%

$375,001 to $650,000

93.8%

94.7%

+ 0.9%

93.9%

94.9%

+ 1.0%

93.3%

93.9%

+ 0.6%

$650,001 and Above

90.9%

92.3%

+ 1.5%

91.0%

92.3%

+ 1.4%

90.3%

92.2%

+ 2.1%

All Price Ranges

94.3%

95.3%

+ 1.0%

94.6%

95.7%

+ 1.2%

93.7%

94.2%

+ 0.6%

By Bedroom Count

8-2012

8-2013

Change

8-2012

8-2013

Change

8-2012

8-2013

Change

2 Bedrooms or Less

94.3%

95.1%

+ 0.9%

95.3%

96.5%

+ 1.2%

93.6%

94.1%

+ 0.5%

3 Bedrooms

94.6%

95.5%

+ 1.0%

94.7%

95.6%

+ 0.9%

93.7%

94.9%

+ 1.3%

4 Bedrooms or More

93.7%

95.1%

+ 1.5%

93.7%

95.1%

+ 1.5%

91.2%

92.8%

+ 1.7%

All Bedroom Counts

94.3%

95.3%

+ 1.0%

94.6%

95.7%

+ 1.2%

93.7%

94.2%

+ 0.6%

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 8-2012

By Bedroom Count

8-2013

8-2012

675

649

632

By Property Type 8-2012

8-2013 1,086

684

957

613 573

1,944 880

864

513 464

8-2013

1,632

744

686

904

279

769 167

- 40.1%

- 26.6%

- 21.0%

- 6.5%

+ 1.3%

- 20.6%

- 11.9%

- 15.5%

- 16.0%

- 14.9%

$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

8-2012

8-2013

Change

8-2012

$100,000 and Below

279

167

- 40.1%

$100,001 to $225,000

632

464

- 26.6%

$225,001 to $375,000

649

513

$375,001 to $650,000

613

573

$650,001 and Above

675

All Price Ranges

By Bedroom Count 2 Bedrooms or Less 3 Bedrooms

Condos

8-2013

Change

8-2012

8-2013

Change

105

65

- 38.1%

174

102

- 41.4%

402

259

- 35.6%

230

205

- 10.9%

- 21.0%

406

300

- 26.1%

243

213

- 12.3%

- 6.5%

449

404

- 10.0%

164

169

+ 3.0%

684

+ 1.3%

582

604

+ 3.8%

93

80

- 14.0%

2,848

2,401

- 15.7%

1,944

1,632

- 16.0%

904

769

- 14.9%

8-2012

8-2013

Change

8-2012

8-2013

Change

8-2012

8-2013

Change

864

686

- 20.6%

227

148

- 34.8%

637

538

- 15.5%

1,086

957

- 11.9%

864

762

- 11.8%

222

195

- 12.2%

4 Bedrooms or More

880

744

- 15.5%

851

722

- 15.2%

29

22

- 24.1%

All Bedroom Counts

2,848

2,401

- 15.7%

1,944

1,632

- 16.0%

904

769

- 14.9%

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 8-2012

By Bedroom Count

8-2013

8-2012

By Property Type

8-2013

8-2012

10.8

10.3

15.6

25.1

8-2013

9.1 20.8 7.1

10.6 9.7 8.4

12.6 10.0

6.3

9.3

7.1

7.6 5.8

4.9

3.9

6.1

- 33.4%

- 35.4%

- 38.6%

- 26.1%

- 16.9%

- 25.9%

- 26.9%

- 31.7%

- 31.6%

- 16.3%

$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

8-2012

8-2013

Single-Family Homes Change

8-2012

8-2013

Change

Condos 8-2012

8-2013

Change

$100,000 and Below

5.8

3.9

- 33.4%

5.2

3.7

- 28.7%

6.2

4.0

- 36.3%

$100,001 to $225,000

7.6

4.9

- 35.4%

6.8

3.6

- 47.3%

9.7

9.3

- 3.4%

$225,001 to $375,000

10.0

6.1

- 38.6%

8.6

4.7

- 45.2%

13.6

10.6

- 22.5%

$375,001 to $650,000

12.6

9.3

- 26.1%

11.6

8.2

- 29.1%

16.4

13.5

- 17.6%

$650,001 and Above

25.1

20.8

- 16.9%

25.2

21.3

- 15.7%

24.3

18.1

- 25.3%

All Price Ranges

10.5

7.6

- 27.4%

10.3

7.1

- 31.6%

10.8

9.1

- 16.3%

8-2012

8-2013

Change

8-2012

8-2013

Change

8-2012

8-2013

Change

8.4

6.3

- 25.9%

5.9

3.1

- 46.8%

10.0

8.7

- 13.5%

By Bedroom Count 2 Bedrooms or Less 3 Bedrooms

9.7

7.1

- 26.9%

9.2

6.6

- 28.3%

11.9

9.7

- 19.1%

4 Bedrooms or More

15.6

10.6

- 31.7%

15.3

10.6

- 30.6%

21.8

8.8

- 59.5%

All Bedroom Counts

10.5

7.6

- 27.4%

10.3

7.1

- 31.6%

10.8

9.1

- 16.3%

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


Hilton head hso 13 08 aug