1st Quarter 2024 Absorption Rates

1st Quarter 2024 Absorption Rates

Absorption Rates January 2024 COLUMBIA COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

101

954

$

273,500

2018

$

104

971

$

275,000

$100,001 to $150,000

2019

$

108

827

$

285,200

$150,001 to $200,000

2020

$

116

899

$

312,000

$200,001 to $250,000

2021

$

134

856

$

368,400

$250,001 to $300,000

2022

$

154

895

$

404,300

$300,001 to $350,000

2023

$

163

700

$

426,200

$350,001 to $400,000

Price Range

$400,001 to $450,000

$450,001 to $500,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

$500,001 to $550,000 $550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000 $700,001 to $800,000 $800,001 to $900,000 $900,001 to $1,500,000

All information obtained from the Realtors of Greater Augusta Multiple Listing Service (MLS). * As of January 5, 2024 Information is deemed to be accurate but not warranted.

$1.5 mil to Up

Current Active

Sold in Sold Units No. Sold Last 12 Per Months Average Months Month Inventory $/Sq. Ft.

0 0

0

0.0

-

-

3

0.3

0.0

$168

14 24

36

3.0

4.7

$173

92

7.7

3.1

$170

58 50

107

8.9

6.5

$158

106

8.8

5.7

$153

25 17

94

7.8

3.2

$149

101

8.4

2.0

$156

22 27

55

4.6

4.8

$163

51

4.3

6.4

$163

3 1

24

2.0

1.5

$182

8

0.7

1.5

$190

0 4

12

1.0

0.0

$201

3

0.3

16.0

$235

2 1

5

0.4

4.8

$258

3

0.3

4.0

$315

Absorption Rates January 2024 COLUMBIA COUNTY RE-SALE MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

93

2379

$

217,000

2018

$

97

2504

$

238,000

$100,001 to $150,000

2019

$

101

2734

$

245,300

$150,001 to $200,000

2020

$

109

2820

$

269,500

$200,001 to $250,000

2021

$

125

3885

$

304,500

$250,001 to $300,000

2022

$

140

2704

$

331,600

$300,001 to $350,000

2023

$

149

2047

$

349,000

$350,001 to $400,000

Price Range

$400,001 to $450,000 $450,001 to $500,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

$500,001 to $550,000

$550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000 $700,001 to $800,000 $800,001 to $900,000 $900,001 to $1,500,000

All information obtained from the Realtors of Greater Augusta Multiple Listing Service (MLS). * As of January 5, 2024 Information is deemed to be accurate but not warranted.

$1.5 mil to Up

Current Active 2 4

Sold in Sold Units No. Last 12 Per Months Months Month Inventory

Sold Average $/Sq. Ft.

37

3.1

0.6

$112

149

12.4

0.3

$134

33 52

345

28.8

1.1

$151

456

38.0

1.4

$146

50 31

325

27.1

1.8

$141

237

19.8

1.6

$142

29 18

167

13.9

2.1

$146

81

6.8

2.7

$147

8 16

55

4.6

1.7

$171

58

4.8

3.3

$172

7 3

33

2.8

2.5

$182

32

2.7

1.1

$191

12 4

15

1.3

9.6

$179

12

1.0

4.0

$206

6 2

29

2.4

2.5

$241

5

0.4

4.8

$310

Absorption Rates January 2024 RICHMOND COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

90

257

$

215,000

2018

$

93

297

$

218,000

$100,001 to $150,000

2019

$

98

250

$

221,900

$150,001 to $200,000

2020

$

105

353

$

228,500

$200,001 to $250,000

2021

$

116

436

$

259,000

2022

$

139

371

$

293,200

2023

$

146

311

$

291,248

Price Range

0.0

$173

24

2.0

0.0

$118

49

4.1

4.4

$145

$250,001 to $300,000

18 20

97

8.1

2.5

$156

$300,001 to $350,000 $350,001 to $400,000

32 13

92 27

7.7 2.3

4.2 5.8

$148 $146

$400,001 to $450,000

6 6

18

1.5

4.0

$137

0

0.0

-

-

2 0

0

0.0

-

-

0

0.0

-

-

0 0

0

0.0

-

-

0

0.0

-

-

0 0

0

0.0

-

-

0

0.0

-

-

0 1

0

0.0

-

-

0

0.0

-

-

$550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000

$700,001 to $800,000 $800,001 to $900,000 $900,001 to $1,500,000

All information obtained from the Realtors of Greater Augusta Multiple Listing Service (MLS). * As of January 5, 2024 Information is deemed to be accurate but not warranted.

Sold Average $/Sq. Ft.

0.2

$500,001 to $550,000

$1.5 mil to Up

0 0

Sold in Sold Units No. Last 12 Per Months Months Month Inventory 2

$450,001 to $500,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

Current Active

Absorption Rates January 2024 RICHMOND COUNTY RE-SALE MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

66

1770

$

130,000

2018

$

71

1841

$

133,000

$100,001 to $150,000

2019

$

76

2093

$

141,400

$150,001 to $200,000

2020

$

86

1884

$

159,000

$200,001 to $250,000

2021

$

102

2216

$

195,400

$250,001 to $300,000

2022

$

117

2228

$

210,500

$300,001 to $350,000

2023

$

118

1987

$

210,100

$350,001 to $400,000

Price Range

$400,001 to $450,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

$450,001 to $500,000 $500,001 to $550,000 $550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000 $700,001 to $800,000 $800,001 to $900,000 $900,001 to $1,500,000

All information obtained from the Realtors of Greater Augusta Multiple Listing Service (MLS). * As of January 5, 2024 Information is deemed to be accurate but not warranted.

$1.5 mil to Up

Current Active

Sold in Sold Units No. Last 12 Per Months Months Month Inventory

Sold Average $/Sq. Ft.

33 96

320

26.7

1.2

$101

514

42.8

2.2

$126

51 37

310

25.8

2.0

$135

226

18.8

2.0

$140

19 15

138

11.5

1.7

$138

56

4.7

3.2

$131

5 6

28

2.3

2.1

$151

13

1.1

5.5

$153

2 2

14

1.2

1.7

$167

7

0.6

3.4

$210

0 3

8

0.7

0.0

$193

5

0.4

7.2

$213

1 0

7

0.6

1.7

$202

10

0.8

0.0

$214

10

0.8

1.2

$230

2

0.2

0.0

$274

1 0

Absorption Rates January 2024 AIKEN COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

97

399

$

211,100

2018

$

106

364

$

228,300

$100,001 to $150,000

Price Range

2019

$

110

376

$

244,000

$150,001 to $200,000

2020

$

112

605

$

249,700

$200,001 to $250,000

2021

$

124

778

$

283,000

$250,001 to $300,000

2022

$

144

813

$

310,600

$300,001 to $350,000

324,700

$350,001 to $400,000

2023

$

153

703

$

$400,001 to $450,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

$450,001 to $500,000 $500,001 to $550,000 $550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000 $700,001 to $800,000 $800,001 to $900,000

All information obtained from the Greater Aiken Multiple Listing Service (MLS). * As of January 5, 2024 Information is deemed to be accurate but not warranted.

$900,001 to $1,500,000 $1.5 mil to Up

Current Active 0 4

Sold in Sold Units No. Last 12 Per Months Months Month Inventory

Sold Average $/Sq. Ft.

0

0.0

-

-

19

1.6

2.5

$158

94

7.8

6.6

$161

263

21.9

4.8

$147

76 48

131

10.9

7.0

$142

79

6.6

7.3

$140

20 15

57

4.8

4.2

$156

28

2.3

6.4

$168

6 4

13

1.1

5.5

$189

5

0.4

9.6

$214

1 0

3

0.3

4.0

$296

2

0.2

0.0

$200

1 3

4

0.3

3.0

$211

4

0.3

9.0

$285

1 0

1

0.1

12.0

$456*

0

0.0

52 106

*Sold Average $/Sq. Ft. influenced by homes sold with substantial acreage

Absorption Rates January 2024 AIKEN COUNTY RE-SALE MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

89

877

$

190,800

2018

$

97

1114

$

201,700

$100,001 to $150,000

2019

$

101

1086

$

222,300

$150,001 to $200,000

2020

$

114

1158

$

255,000

$200,001 to $250,000

2021

$

134

1293

$

298,145

$250,001 to $300,000

2022

$

151

1627

$

314,800

$300,001 to $350,000

2023

$

161

1569

$

340,164

$350,001 to $400,000

Price Range

$400,001 to $450,000 $450,001 to $500,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale. This helps evaluate the current market.

$500,001 to $550,000 $550,001 to $600,000 $600,001 to $650,000 $650,001 to $700,000 $700,001 to $800,000 $800,001 to $900,000

All information obtained from the Greater Aiken Multiple Listing Service (MLS). * As of January 5, 2024 Information is deemed to be accurate but not warranted.

$900,001 to $1,500,000 $1,500,001 and Up

Current Active

Sold in Sold Units No. Last 12 Per Months Months Month Inventory

Sold Average $/Sq. Ft.

10 25

124

10.3

1.0

$108

223

18.6

1.3

$132

46 55

261

21.8

2.1

$145

238

19.8

2.8

$150

49 34

148

12.3

4.0

$151

104

8.7

3.9

$165

23 14

69

5.8

4.0

$175

62

5.2

2.7

$190

8 8

40

3.3

2.4

$204

54

4.5

1.8

$198

4 4

29

2.4

1.7

$214

18

1.5

2.7

$235

14 8

28

2.3

6.0

$271

20

1.7

4.8

$282

16 10

37

3.1

5.2

$342

14

1.2

8.6

$924* *Sold Average $/Sq. Ft. influenced by homes sold with substantial acreage