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

March 2014

Quick Facts

Market-wide numbers are well and good, but they don't always tell the full story. Breaking down the data to show activity by price range, property type or construction status can often lead to more meaningful insights. F the h 12-month 12 h period i d spanning i A h hM h 2014 For Aprilil 2013 through March 2014, Pending Sales in the Hilton Head region were up 6.4 percent overall. The price range with the largest gain in sales was the $375,001 to $650,000 range, where they increased 21.6 percent. The overall Median Sales Price was up 13.6 percent to $259,250. The property type with the largest price gain was the Condo segment, where prices increased 13.6 percent to $190,000. The price range that tended to sell the quickest was the $100,000 and Below range at 96 days; the price range that tended to sell the slowest was the $650,001 and Above range at 170 days. Market-wide, inventory levels were down 8.2 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 6.6 percent. That amounts to 7.7 months supply for SingleFamily homes and 9.8 months supply for Condos.

+ 21.6%

+ 19.8%

+ 9.9%

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

$375,001 to $650,000

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.

Data is Copyright 息 2014 All Rights Reserved. MLS 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 3-2013

By Bedroom Count

3-2014

3-2013

1,108 1,113

By Property Type 3-2013

3-2014

2,786

1,622

1,041

2,536

1,485

911

1,290 771

3-2014

1,225

634

901

537

752

450 343

997

384

973

- 16.2%

+ 0.5%

+ 14.3%

+ 21.6%

+ 12.0%

- 5.0%

+ 9.2%

+ 19.8%

+ 9.9%

- 2.4%

$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 $100,000 and Below

3-2013

Single-Family Homes

3-2014

Change

3-2013

Condos

3-2014

Change

3-2013

3-2014

Change

537

450

- 16.2%

228

184

- 19.3%

309

266

- 13.9%

$100,001 to $225,000

1,108

1,113

+ 0.5%

813

849

+ 4.4%

295

264

- 10.5%

$225,001 to $375,000

911

1,041

+ 14.3%

685

785

+ 14.6%

226

256

+ 13.3%

$375,001 to $650,000

634

771

+ 21.6%

515

630

+ 22.3%

119

141

+ 18.5%

$650,001 and Above

343

384

+ 12.0%

295

338

+ 14.6%

48

46

- 4.2%

3,533

3,759

+ 6.4%

2,536

2,786

+ 9.9%

997

973

- 2.4%

All Price Ranges

By Bedroom Count

3-2013

3-2014

Change

3-2013

3-2014

Change

3-2013

3-2014

Change

2 Bedrooms or Less

1,290

1,225

- 5.0%

539

508

- 5.8%

751

717

- 4.5%

3 Bedrooms

1,485

1,622

+ 9.2%

1,258

1,399

+ 11.2%

227

223

- 1.8%

4 Bedrooms or More

752

901

+ 19.8%

738

879

+ 19.1%

14

22

+ 57.1%

All Bedroom Counts

3,533

3,759

+ 6.4%

2,536

2,786

+ 9.9%

997

973

- 2.4%

Data is Copyright © 2014 All Rights Reserved. MLS 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 | 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 3-2013

By Bedroom Count

3-2014

3-2013

By Property Type 3-2013

3-2014

3-2014

189 159

170 140 120 89

117

113 109

138 146

154

108

118 105

134

120

106

96

96

+ 7.6%

- 20.0%

- 6.3%

- 9.1%

- 9.8%

- 7.2%

- 9.6%

- 8.4%

- 9.3%

- 3.3%

$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

Single-Family Homes

3-2013

3-2014

$100,000 and Below

89

96

$100,001 to $225,000

120

96

$225,001 to $375,000

117

109

- 6.3%

105

$375,001 to $650,000

154

140

- 9.1%

151

$650,001 and Above

189

170

- 9.8%

188

All Price Ranges

125

115

- 7.8%

By Bedroom Count

Change

Change

Condos

3-2013

3-2014

3-2013

3-2014

Change

+ 7.6%

90

97

+ 8.2%

88

95

+ 7.2%

- 20.0%

104

83

- 20.1%

162

135

- 16.5%

95

- 9.4%

154

154

- 0.2%

135

- 10.9%

170

167

- 1.7%

173

- 7.6%

198

152

- 23.2%

120

108

- 9.3%

138

134

- 3.3%

3-2013

3-2014

Change

3-2013

3-2014

Change

3-2013

3-2014

Change

2 Bedrooms or Less

113

105

- 7.2%

80

69

- 14.0%

137

131

- 3.8%

3 Bedrooms

118

106

- 9.6%

114

102

- 11.0%

136

134

- 2.0%

4 Bedrooms or More

159

146

- 8.4%

158

145

- 8.4%

233

202

- 13.7%

All Bedroom Counts

125

115

- 7.8%

120

108

- 9.3%

138

134

- 3.3%

Data is Copyright © 2014 All Rights Reserved. MLS 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 | 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 3-2013

By Property Type 3-2013

3-2014

3-2014

$280,000 $259,250 $476,366 $433,500

$252,000

$228,125 $190,000 $167,250

$264,500 $170,000

$293,438

$180,000

+ 5.9%

+ 10.9%

2 Bedrooms or Less

3 Bedrooms

+ 9.9%

+ 13.6%

4 Bedrooms or More

All Properties By Bedroom Count

+ 11.1%

All Properties p

Single-Family g y Homes

Single-Family Homes

+ 13.6% Condos

Condos

3-2013

3-2014

Change

3-2013

3-2014

Change

3-2013

3-2014

Change

2 Bedrooms or Less

$170,000

$180,000

+ 5.9%

$186,000

$197,000

+ 5.9%

$140,000

$152,000

+ 8.6%

3 Bedrooms

$264,500

$293,438

+ 10.9%

$262,265

$285,000

+ 8.7%

$275,000

$323,000

+ 17.5%

4 Bedrooms or More

$433,500

$476,366

+ 9.9%

$429,500

$477,231

+ 11.1%

$675,000

$445,000

- 34.1%

All Bedroom Counts

$228,125

$259,250

+ 13.6%

$252,000

$280,000

+ 11.1%

$167,250

$190,000

+ 13.6%

Data is Copyright © 2014 All Rights Reserved. MLS 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 | 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 3-2013

By Bedroom Count

3-2014

3-2013

95.6%

3-2013 95.5%

96.3%

96.0%

By Property Type

3-2014

95.8%

95.6%

95.3%

95.1%

94.7%

3-2014

95.2% 95.2%

94.2% 95.0%

93.2% 92.5% 92.1%

94.0%

94.8%

93.8%

94.7%

- 1.6%

+ 0.5%

+ 0.8%

+ 0.9%

+ 0.4%

+ 0.2%

+ 0.3%

+ 0.5%

+ 0.5%

- 0.2%

$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

3-2013

3-2014

Single-Family Homes Change

3-2013

3-2014

Change

Condos 3-2013

3-2014

Change

$100,000 and Below

94.7%

93.2%

- 1.6%

94.6%

93.5%

- 1.1%

94.9%

93.0%

- 1.9%

$100,001 to $225,000

95.6%

96.0%

+ 0.5%

96.1%

96.7%

+ 0.7%

94.1%

93.9%

- 0.3%

$225,001 to $375,000

95.6%

96.3%

+ 0.8%

96.3%

96.9%

+ 0.6%

93.4%

94.4%

+ 1.1%

$375,001 to $650,000

94.2%

95.1%

+ 0.9%

94.4%

95.3%

+ 1.0%

93.4%

94.3%

+ 0.9%

$650,001 and Above

92.1%

92.5%

+ 0.4%

92.2%

92.4%

+ 0.2%

91.4%

93.4%

+ 2.2%

All Price Ranges

94.9%

95.3%

+ 0.3%

95.3%

95.8%

+ 0.5%

94.0%

93.8%

- 0.2%

By Bedroom Count

3-2013

3-2014

Change

3-2013

3-2014

Change

3-2013

3-2014

Change

2 Bedrooms or Less

94.8%

95.0%

+ 0.2%

96.0%

96.6%

+ 0.6%

93.9%

93.8%

- 0.1%

3 Bedrooms

95.2%

95.5%

+ 0.3%

95.3%

95.9%

+ 0.6%

94.9%

93.6%

- 1.3%

4 Bedrooms or More

94.7%

95.2%

+ 0.5%

94.8%

95.2%

+ 0.4%

90.3%

94.1%

+ 4.3%

All Bedroom Counts

94.9%

95.3%

+ 0.3%

95.3%

95.8%

+ 0.5%

94.0%

93.8%

- 0.2%

Data is Copyright © 2014 All Rights Reserved. MLS 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 Bedroom Count

By Price Range 3-2013

3-2013

By Property Type

3-2014

3-2013

3-2014

626

616

647

640

639

584

1,903

1,072

749

3-2014

1,778

964 857

857

889

706 449 898 273

792

148

- 45.8%

- 27.1%

- 6.7%

- 1.1%

+ 17.2%

- 17.6%

- 10.1%

+ 3.7%

- 6.6%

- 11.8%

$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

3-2013

3-2014

Single-Family Homes Change

3-2013

3-2014

Change

Condos 3-2013

3-2014

Change

$100,000 and Below

273

148

- 45.8%

108

56

- 48.1%

165

92

- 44.2%

$100,001 to $225,000

616

449

- 27.1%

377

246

- 34.7%

239

203

- 15.1%

$225,001 to $375,000

626

584

- 6.7%

372

350

- 5.9%

254

234

- 7.9%

$375,001 to $650,000

647

640

- 1.1%

476

455

- 4.4%

171

185

+ 8.2%

$650,001 and Above

639

749

+ 17.2%

570

671

+ 17.7%

69

78

+ 13.0%

2,801

2,570

- 8.2%

1,903

1,778

- 6.6%

898

792

- 11.8%

3-2013

3-2014

Change

3-2013

3-2014

Change

3-2013

3-2014

Change

857

706

- 17.6%

221

142

- 35.7%

636

564

- 11.3%

All Price Ranges

By Bedroom Count 2 Bedrooms or Less 3 Bedrooms

1,072

964

- 10.1%

856

769

- 10.2%

216

195

- 9.7%

4 Bedrooms or More

857

889

+ 3.7%

826

866

+ 4.8%

31

23

- 25.8%

All Bedroom Counts

2,801

2,570

- 8.2%

1,903

1,778

- 6.6%

898

792

- 11.8%

Data is Copyright © 2014 All Rights Reserved. MLS 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 | 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 3-2013

By Bedroom Count

3-2014

3-2013

22.4

By Property Type

3-2014

3-2013

3-2014

23.4

10.8

13.7

9.8 11.8

9.0 7.7

8.7

8.0

12.2

6.9

10.0

7.1

8.2 6.7

6.7

6.1

4.8

3.9

- 35.3%

- 27.4%

- 18.4%

- 18.7%

+ 4.7%

- 13.2%

- 17.7%

- 13.4%

- 15.0%

- 9.6%

$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

3-2013

3-2014

Single-Family Homes Change

3-2013

3-2014

Change

Condos 3-2013

3-2014

Change

$100,000 and Below

6.1

3.9

- 35.3%

5.7

3.7

- 35.7%

6.4

4.2

- 35.2%

$100,001 to $225,000

6.7

4.8

- 27.4%

5.6

3.5

- 37.5%

9.7

9.2

- 5.1% - 18.7%

$225,001 to $375,000

8.2

6.7

- 18.4%

6.5

5.4

- 17.9%

13.5

11.0

$375,001 to $650,000

12.2

10.0

- 18.7%

11.1

8.7

- 21.9%

17.2

15.7

- 8.7%

$650,001 and Above

22.4

23.4

+ 4.7%

23.2

23.8

+ 2.7%

17.3

20.3

+ 18.0%

9.5

8.2

- 13.8%

9.0

7.7

- 15.0%

10.8

9.8

- 9.6%

3-2013

3-2014

Change

3-2013

3-2014

Change

3-2013

3-2014

Change

8.0

6.9

- 13.2%

4.9

3.4

- 31.8%

10.2

9.4

- 7.1%

All Price Ranges

By Bedroom Count 2 Bedrooms or Less 3 Bedrooms

8.7

7.1

- 17.7%

8.2

6.6

- 19.2%

11.4

10.5

- 8.1%

4 Bedrooms or More

13.7

11.8

- 13.4%

13.4

11.8

- 12.0%

19.9

9.4

- 52.8%

All Bedroom Counts

9.5

8.2

- 13.8%

9.0

7.7

- 15.0%

10.8

9.8

- 9.6%

Data is Copyright © 2014 All Rights Reserved. MLS 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 | 7


Hilton head hso 14 03 mar