Lowcountry Living & Real Estate May 2022 Report

Page 50

Local Market Update – March 2022

Local Market Update – March 2022

Moss Creek Real Estate Market Report

A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®

A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®

Local Market Update – March 2022 Real Estate Market Report MossMoss Creek Creek | March 2022 Local Creek Market Update – March 2022 Moss A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®

A Research Tool Provided by the Multiple Listing Service of Hilton

Moss Creek

A Research Tool Provided by the Multiple Listing Service of Islandandand Hilton Area Association of REALTORS® Hilton Head Head Island thethe Hilton HeadHead Area Association of REALTORS®

Local 2022 March Local Market Market Update Update––March March 2022 A Research Tool Provided by the Multiple Listing Service of A Research Tool Provided by the Multiple Listing Service of Hilton Head Island and the Hilton Head Area Association of REALTORS®2022 Hilton Head Island and the Hilton Head Area 2021 Association of REALTORS®

Key Metrics

Detached Homes Only New Listings Moss Creek

Moss Creek Creek

Closed Sales Key Metrics

Key Metrics

Median Sales Price* New Listings

10

11

2021

7

Closed Sales100.6%

Key Metrics

7

2022

22

13

2022 - 57.1%Percent Change19

2021 10

March- 9.1%

March

2021

2022

102.0% 2021

March + 1.4%

3 March March 2022

Percent Change

Year -to40.9% Date - 47.4% 2022

$455,000 22

2021

+ 8.3% 13

- 9.1%

Year to Date Percent Change

Percent Change

$420,000 $550,000 10 + 31.3% - 9.1% 11 10

New Listings

Closed Sales

2021

Percent Change

3

$419,000 11

Percent of List Price Received*

Year to Date

22

- 40.9%

13

19

- 47.4%

10

Year +to0.8% Date

99.7% - 57.1% 10 -757.1%98.9% 3 Year 19 totoDate Year Date 2022 Percent Change 2021

2022

Percent Change

67 - 40.3% 97$550,000 - Change 40.2% 40 58 + 31.3% $419,000 Percent Percent Percent Change Percent Change$420,000 2021 2022 2021 2022 KeyMetrics Metrics Median Sales Price* 2021 $550,000 2022 2021$420,000 2022 Median Sales Price*Key $419,000 +Change 31.3% 8.3%$455,000 $455,000 New Listings 11 - 9.1% 22 -+40.9% 10 13

Days on Market Until Sale

Inventory of Homes forNew Sale 9 Listings 1111 3 New Listings Percent of List Price Received*

- 9.1% 1010- 66.7% - 9.1% 100.6%

-- 98.9% --13+ 1.4%- 40.9% 13 - 40.9%

-- 102.0% 2222

Sales Received* - 57.1% 19 Percent Closed of List Price 100.6% 7 + 1.4% 98.9% 102.0%3 * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size. 33

$419,000 Inventory of Homes for Sale Percent of List Price Received* 100.6% Percent of List Price Received* 100.6%

67 $419,000 $419,000

Inventory of Homes for Sale

9

Until Sale 11 Days on Market Dayson onMarket Market UntilSale Sale Days Until * Does not account for sale concessions 10 and/or downpayment assistance.

March Inventory Homes forSale Sale Inventory ofInventory Homesofof for Sale Homes for 7

$550,000

$550,000 40 $550,000

3

- 57.1% -67 57.1%

March

2021 March 2022 March March

11

10

11

1919 40

+ 31.3%

- 66.7%

404040

- 40.3% 9797 - 40.3% -$550,000 40.3%

33 3 $419,000

- 66.7% - 66.7% -- -- 66.7%

67 6767

--

--

999

11

11 11

58 - 40.2% - 40.2%

- 40.2%

-- -- --

-----

--

+ 31.3% $419,000

New Listings

3

3

Historical Median Sales- 9.1% Price

Rolling 12-Month -Calculation 57.1%

New Listings - 9.1%New Listings

Closed Sales Closed Sales

$500,000

New Listings

$500,000

$450,000

$450,000

$500,000

- 66.7%

Inventory of Home

Inventory of Homes for Sale - 66.7%

- 66.7%

Inventory of Homes for Sale

Inventory All MLSof—Homes for Sale All MLS — Moss Creek —

MOSS All MLS CREEK Moss Creek

Rolling 12-Month Calculation

$450,000

— —

$400,000

$450,000

$400,000

$400,000

$250,000 4-2014

$350,000

$300,000

$300,000

10-2014

$350,000

$400,000 $300,000

ALL MLS

$350,000

$350,000

$300,000

$300,000 4-2015 10-2015 $250,000 4-2014 $250,000 4-2014

4-2016

10-2016

4-2017

10-2017

4-2018

$250,000 4-2015 10-2015 4-2016 10-2016 4-2017 4-2014 10-2014 4-2015 10-2015

10-2014

10-2014

4-2015

10-2015

4-2016

10-2016

4-2017

10-2018

10-2017

4-2016

10-2017

4-2018

4-2019

10-2019

10-2018

4-2019

10-2016

4-2018

10-2018

4-2017 4-2019

4-2020 10-2019

10-2017 10-2019

10-2020

4-2020

4-2018

4-2020

4-2021

10-2020

10-2018

10-2020

10-2021

4-2021

4-2021

10-2021

4-2019

10-2019

4-2020

10-2020

4-2021

1

10-2021

Current as of April 10, 2022. Data © 2022 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2022 ShowingTime.

$350,000

Current as of April 10, 2022. Data © 2022 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2022 ShowingTime.

$250,000 4-2014

Current as of April 10, 2022. Data © 2022 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2

Current as of April 10, 2022. Data © 2022 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2022 ShowingTime.

10-2014

4-2015

10-2015

4-2016

4-2017 10-2017 4-2018 10-2018 Information Sponsored by

10-2016

$300,000

4-2019

10-2019

4-2020

10-2020

4-2021

10-2021

LAWRENCE TAYLOR (843) 338-6511

Lawrence@CharterOneRealty.com Current as of April 10, 2022. Data © 2022 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2022 ShowingTime. $250,000 4-2014

10-2014

4-2015

10-2015

4-2016

10-2016

4-2017

10-2017

4-2018

DICK (843) 4-2020 384-4020 10-2018 PATRICK 4-2019 10-2019 10-2020 Dick@CharterOneRealty.com

4-2021

10-2021

ROB MOORE (843) 384-5118

48

A Moss

All MLS —— Moss Creek Moss Creek —

Rolling 12-Month Calculation

$400,000

$350,000

$450,000

Median Sales Price* Median Sales Price* + 31.3%

Historical Median Sales Price - Rolling 12-Month Calculation

Historical Median Sales Price

$400,000

33

- 66.7% - 66.7% All MLS — Inventory of Homes for Sale Moss Creek —

$500,000

$500,000

2022

Median Sales Price*

Historical Median Sales Price Sales Rolling 12-Month Calculation Median Sales Price* New Listings Closed Historical Median Sales Price Rolling 12-Month Calculation

Historical Median Sales Price

2021

9

9

Rolling 12-Month + 31.3%Calculation Median Sales Price*

Closed Sales

2022

3

+ 31.3% + 31.3%

- 57.1% Historical Median - 57.1% Sales Price

2021

+ 31.3%

Closed Sales

- 57.1%

9

20

Inventory of Homes3for Sale

- 57.1%

3

--

- 66.7%

Median Sales Price*

3

202132022 2022 2021

9 9

$550,000

$419,000 $419,000 $419,000 3

- 9.1%

- 9.1%

$550,000 $550,000

$550,000

- 57.1% 7 7 Closed Sales

- 9.1%

$419,000

7

7 7

- 9.1%

$550,000

10

10 10

10

58

--

97 9 5858

| Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size.

3

New Listings

$500,000

99.7%

-31.3% 40.3% $420,000 $420,000 + +31.3%

Doesnot notaccount accountforforsale saleconcessions concessionsand/or and/ordownpayment downpaymentassistance. assistance.| Percent | Percent changes calculated using rounded figures and sometimes look extreme due to small sample changes areare calculated using rounded figures and cancan sometimes extreme due to small sample size.size. * Does not account for**Does sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and canlook sometimes look extreme due to small sample size.

$450,000

-+47.4% 0.8%

- 47.4% - 47.4% 1010 - 40.3% 97 $420,000 + 8.3% $455,000 97$455,000 - 40.2% + 8.3% $455,000 58 + 8.3% 9 - 66.7% -3 2021 2022 + 1.4% 98.9% 98.9% + 0.8% 102.0% 99.7% 1.4% + 0.8% 102.0% 99.7% Percent of List Price Received* 100.6% + +1.4% 98.9% + extreme 0.8% 102.0% 99.7% * Does not account for sale concessions and/or downpayment assistance. | Percent changes are calculated using rounded figures and can sometimes look due to small sample size. Closed ClosedSales Sales Days on Market Until Sale 7 7

Median Sales Price*

Days on Market Until SaleSales Median SalesPrice* Price* Median

March

10 99.7%

robmoore@CharterOneRealty.com

Current as of April 10, 2022. Data © 2022 MLS of Hilton Head Island. All Rights Reserved. | Sponsored by South Carolina REALTORS®. | Report © 2022 ShowingTime.


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