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4th Quarter 2023 Absorption Rates

Page 1

4th Quarter Absorption Rates October 2022


Absorption Rates October 2022 COLUMBIA COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

101

954

$

273,500

2018

$

104

971

$

275,000

2019

$

108

827

$

285,200

$200,001 to $250,000

2020

$

116

899

$

312,000

$250,001 to $300,000

2021

$

134

856

$

368,400

$300,001 to $350,000

Price Range $100,001 to $150,000 $150,001 to $200,000

$350,001 to $400,000 $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 to understand the market place.

$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 obtain from the Greater Augusta Multiple Listing Service (MLS). * As of October 13, 2022 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 2

0

0.0

-

-

8

0.7

3.0

$148

9 31

87

7.3

1.2

$163

98

8.2

3.8

$153

48 52

186

15.5

3.1

$147

233

19.4

2.7

$139

50 25

102

8.5

5.9

$139

60

5.0

5.0

$153

18 11

47

3.9

4.6

$165

58

4.8

2.3

$165

2 4

26

2.2

0.9

$181

7

0.6

6.9

$184

2 1

5

0.4

4.8

$185

3

0.3

4.0

$191

0 0

8

0.7

0.0

$218

3

0.3

0.0

$257


Absorption Rates October 2022 COLUMBIA COUNTY RE-SALE MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

93

2379

$

217,000

2018

$

97

2504

$

238,000

2019

$

101

2734

$

245,300

$200,001 to $250,000

2020

$

109

2820

$

269,500

$250,001 to $300,000

2021

$

125

3885

$

304,500

Price Range $100,001 to $150,000 $150,001 to $200,000

$300,001 to $350,000 $350,001 to $400,000 $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 to understand the market place.

$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 obtain from the Greater Augusta Multiple Listing Service (MLS). * As of October 13, 2022 Information is deemed to be accurate but not warranted.

$1.5 mil to Up

Current Active 4 14

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

Sold Average $/Sq. Ft.

64

5.3

0.8

$112

304

25.3

0.6

$129

28 43

637

53.1

0.5

$135

630

52.5

0.8

$134

30 42

468

39.0

0.8

$133

347

28.9

1.5

$133

19 18

172

14.3

1.3

$135

96

8.0

2.3

$146

7 9

86

7.2

1.0

$155

50

4.2

2.2

$169

3 6

40

3.3

0.9

$168

30

2.5

2.4

$166

4 3

21

1.8

2.3

$163

14

1.2

2.6

$181

8 1

29

2.4

3.3

$224

3

0.3

4.0

$327


Absorption Rates October 2022 RICHMOND COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

90

257

$

215,000

2018

$

93

297

$

218,000

$150,001 to $200,000

2019

$

98

250

$

221,900

$200,001 to $250,000

2020

$

105

353

$

228,500

$250,001 to $300,000

2021

$

116

436

$

259,000

Price Range $100,001 to $150,000

$300,001 to $350,000 $350,001 to $400,000 $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 to understand the market place.

$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 obtain from the Greater Augusta Multiple Listing Service (MLS). * As of October 13, 2022 Information is deemed to be accurate but not warranted.

$1.5 mil to Up

Current Active 1 1

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

Sold Average $/Sq. Ft.

2

0.2

6.0

$97

16

1.3

0.8

$104

89

7.4

0.9

$136

142

11.8

1.3

$138

33 13

53

4.4

7.5

$133

34

2.8

4.6

$132

3 0

13

1.1

2.8

$131

2

0.2

0.0

$168

1 0

0

0.0

-

-

0

0.0

-

-

0 0

2

0.2

-

$228

0

0.0

-

-

0 0

1

0.1

-

$218

0

0.0

-

-

0 0

0

0.0

-

-

0

0.0

-

-

7 15


Absorption Rates October 2022 RICHMOND COUNTY RE-SALE MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

66

1770

$

130,000

2018

$

71

1841

$

133,000

2019

$

76

2093

$

141,400

2020

$

86

1884

$

159,000

2021

$

102

2216

$

195,400

Price Range $100,001 to $150,000 $150,001 to $200,000 $200,001 to $250,000 $250,001 to $300,000 $300,001 to $350,000 $350,001 to $400,000 $400,001 to $450,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale to understand the market place.

$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 obtain from the Greater Augusta Multiple Listing Service (MLS). * As of October 13, 2022 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.

46 74

444

37.0

1.2

$97

645

53.8

1.4

$115

41 39

397

33.1

1.2

$127

275

22.9

1.7

$131

13 5

138

11.5

1.1

$128

52

4.3

1.2

$140

5 5

23

1.9

2.6

$149

17

1.4

3.5

$143

2 1

5

0.4

4.8

$179

6

0.5

2.0

$164

2 1

7

0.6

3.4

$187

2

0.2

6.0

$202

6 0

14

1.2

5.1

$185

4

0.3

0.0

$194

5 1

11

0.9

5.5

$268

5

0.4

2.4

$335


Absorption Rates October 2022 AIKEN COUNTY NEW CONSTRUCTION MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

97

399

$

211,100

2018

$

106

364

$

228,300

2019

$

110

376

$

244,000

$200,001 to $250,000

2020

$

112

605

$

249,700

$250,001 to $300,000

2021

$

124

778

$

283,000

Price Range $100,001 to $150,000 $150,001 to $200,000

$300,001 to $350,000 $350,001 to $400,000 $400,001 to $450,000

Absorption Rates are a calculation used to determine how many months of inventory are currently available for sale to understand the market place.

$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 obtain from the Greater Aiken Multiple Listing Service (MLS). * As of October 13, 2022 Information is deemed to be accurate but not warranted.

$1.5 mil to Up

Current Active 0 9

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

Sold Average $/Sq. Ft.

0

0.0

-

-

25

2.1

4.3

$163

90

7.5

4.1

$154

247

20.6

3.2

$135

58 31

85

7.1

8.2

$126

88

7.3

4.2

$131

9 7

36

3.0

3.0

$148

13

1.1

6.5

$167

2 8

8

0.7

3.0

$201

7

0.6

13.7

$174

4 0

0

0.0

-

-

1

0.1

0.0

$174

1 2

2

0.2

6.0

$233

1

0.1

24.0

$237

0 0

0

0.0

-

-

0

0.0

-

-

31 66


Absorption Rates October 2022 AIKEN COUNTY RE-SALE MARKET DATA Year

Avg $/SqFt

Units Closed

Avg Sales $

2017

$

89

877

$

190,800

2018

$

97

1114

$

201,700

$150,001 to $200,000

2019

$

101

1086

$

222,300

$200,001 to $250,000 $250,001 to $300,000

2020

$

114

1158

$

255,000

2021

$

134

1293

$

298,145

Price Range $100,001 to $150,000

$300,001 to $350,000 $350,001 to $400,000 $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 to understand the market place.

$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 obtain from the Greater Aiken Multiple Listing Service (MLS). * As of October 13, 2022 Information is deemed to be accurate but not warranted.

$1,500,001 and Up

Current Active

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

Sold Average $/Sq. Ft.

18 33

116

9.7

1.9

$106

188

15.7

2.1

$128

22 40

215

17.9

1.2

$142

208

17.3

2.3

$140

15 11

126

10.5

1.4

$146

95

7.9

1.4

$158

6 5

70

5.8

1.0

$175

43

3.6

1.4

$194

8 12

33

2.8

2.9

$198

31

2.6

4.6

$191

8 4

22

1.8

4.4

$212

12

1.0

4.0

$238

7 9

17

1.4

4.9

$227

16

1.3

6.8

$267

19 13

22

1.8

10.4

$330

6

0.5

26.0

$711

* Price influenced by land/farms sold with houses


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