November, 2012 Market Report

Grand Strand Market Report Contents Active Inventory 2

SFR Inventory Trends 3

Condo Inventory Trends 4

Closed Sales – SFR 5

Avg. Sales Price – SFR 6

Median Sales Price – SFR 7

Median Sales Price – SFR (Distressed & Non-Distressed) 8

Median Sales Price – SFR (Cash & Conventional Transactions) 9

SFR Sales – (% Cash vs. % Conventional) 10

Sales to List Price Ratio – SFR 11

Closed Sales – Condo 12

Avg. Sales Price – Condo 13

Median Sales Price – Condo 14

Median Sales Price–Condo (Distressed & Non-Distressed) 15

Median Sales Price – Condo (Cash & Conventional Transactions) 16

Condo Sales – (% Cash vs. % Conventional) 17

Sales to List Price Ratio – Condo 18

Closed Sales – Residential Lot 19

Avg. Sales Price – Residential Lot 20

Median Sales Price – Residential Lot 21

Median Sales Price – Res. Lot (Non-Distressed) 22

Sold to List Price Ratio – Residential Lot 23

Distressed Inventory 24

Distressed Sales 25

November 2012

Research powered by

SiteTech Systems

The sales momentum from the third quarter and October carried into November. For November, Single Family Residential (SFR) sale activity was strong as sales volume was up 12.6% as compared to November, 2011. Year to date (YTD), SFR sales are up 15.6% versus comparable 2011 levels. Coupled with strong sales, SFR inventory continued its seasonal decline and is flat to last year’s inventory level. Distressed SFR listings continued to decline, falling for the seventh straight month. Offsetting strong sales, the median sales price of SFR sales fell to $154,950 for November. For 2012, the median sales price of SFRs is off 3.15% as compared to 2011. Similar to SFR, condo sales activity was very strong. For November, condo sales were up 28.4% as compared to November, 2011. The recent strong months of sales have resulted in condo sales being up 10.5% versus YTD 2011. Condo inventory continued to decline, falling for the eight straight month. The current inventory of condos is down 12.3% versus 2011 levels. Condo sales prices have stabilized and were up slightly in November at $105,500. YTD, condo sales prices are at $104,000, a 3.7% drop since 2011. The affordability of residential lots resulted in 114 lot sales in November. YTD, residential lot sales are up 40% while the median sales price is flat to 2011.

Grand Strand Active Inventory

Single Family Residential

# Listings

Horry Co. 3,724

Georgetown Co. 842

Total 4,566

Average List Price $338,474

Median List Price $224,900

Condo/Townhome

# Listings

Horry Co. 3,748

Georgetown Co. 380

Total 4,128



Horry Co.

G’town Co.

Less than $150k 1,052 88

$150k - $250k 1,347 188

$250k - $500k 977 291

$500k - $1.0 MM 260 159

$1 MM + 88 116

Horry Co.

G’town Co.

Less than $100k 1,305 49

$100k - $150k 914 81

$150k - $200k 593 67

$200k - $400k 684 93

$400k -$750k 200 61

$750+ 52 29

Distribution by Price Range

2 Research performed by SiteTech Systems

Residential Lot # Listings

Horry Co. 1,819

Georgetown Co. 742

Total 2,561



Horry Co.

G’town Co.

Less than $25k 322 58

$25k - $50k 654 85

$50k - $75k 261 79

$75k-100k 180 107

$100k-175k 190 142

$175k -250k 93 129

$250k+ 119 142

Grand Strand SFR Inventory Trends

Research performed by SiteTech Systems 3

November 2011 4,568

November 2012 4,566

4,000

4,200

4,400

4,600

4,800

5,000

5,200

# o

f Li

stin

gs

Grand Strand SFR Inventory

November 2011 760

November 2012 689

600

650

700

750

800

850

900

950

# o

f D

istr

ess

ed

Lis

tin

gs

Grand Strand Distressed SFR Listings

Grand Strand Condo Inventory Trends


November 2011 4,710 November 2012

4,128

4,000

4,200

4,400

4,600

4,800

5,000

5,200

5,400

# o

f Li

stin

gs

Grand Strand Condo Inventory

November 2011 783

November 2012 626

600

650

700

750

800

850

900

950

1000

# o

f D

istr

ess

ed

Grand Strand Distressed Condo Listings

Closed Sales - SFR

November Year to Date

March 2005500

January 2009149

November 2012356

100

150

200

250

300

350

400

450

500

550

Nov 05 Nov 06 Nov 07 Nov 08 Nov 09 Nov 10 Nov 11 Nov 12

Historical Activity


243

316356

2010 2011 2012

3,213 3,4473,986

2010 2011 2012

Average Sales Price - SFR November Year to Date

March 2007$346,428

September 2012$197,947

November 2012$200,137

$195,000

$225,000

$255,000

$285,000

$315,000

$345,000

$375,000


Historical Activity


$246,602$212,797 $200,137

2010 2011 2012

$232,900

$224,184

$213,890

2010 2011 2012

Median Sales Price - SFR November

$188,345 $163,800 $154,950

2010 2011 2012

Year to Date

June 2006$242,310

November 2012$154,950

September 2012$159,900

$150,000

$160,000

$170,000

$180,000

$190,000

$200,000

$210,000

$220,000

$230,000

$240,000

$250,000


Historical Activity


$185,000

$172,425$167,000

2010 2011 2012

Median Sales Price – SFR Distressed & Non-Distressed


$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

Non-Distressed

Distressed

Combined

Median Sales Price – SFR Cash & Conventional Transactions


$125,000

$135,000

$145,000

$155,000

$165,000

$175,000

$185,000

$195,000

$205,000

$215,000

$225,000

Cash

Conventional

Combined

SFR Sales % Cash vs. % Conventional


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

% Cash

% Conventional

Sold to List Price Ratio - SFR

November

87%88%

91%

2010 2011 2012

Year to Date

Nov '05- Jan '0698%

April 201186%

November 201291%

83

85

87

89

91

93

95

97

99


Historical Activity


89%88%

91%

2010 2011 2012

Closed Sales - Condo November

250 236

303

2010 2011 2012

Year to Date

Historical Activity

12

May 2006845

January 2009117

November 2012303

50

250

450

650

850

1050


Research performed by SiteTech Systems

3,1923,263

3,604

2010 2011 2012

Average Sales Price - Condo November Year to Date

June 2007$348,053

December 2010$105,000

November 2012$135,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


Historical Activity


$156,626

$130,017 $135,000

2010 2011 2012

$149,616

$139,319

$134,080

2010 2011 2012

Median Sales Price - Condo November

$115,000 $94,900 $105,500

2010 2011 2012

Year to Date

June 2007$249,921

November 2011$93,450

November 2012$105,500

$75,000

$125,000

$175,000

$225,000

$275,000


Historical Activity


$120,000

$108,000 $104,000

2010 2011 2012

Median Sales Price – Condo Distressed & Non-Distressed


$60,000

$70,000

$80,000

$90,000

$100,000

$110,000

$120,000

$130,000

$140,000

Non-Distressed

Distressed

Combined

Median Sales Price – Condo Cash & Conventional Transactions


$50,000

$70,000

$90,000

$110,000

$130,000

$150,000

$170,000

Cash

Conventional

Combined

Condo Sales % Cash vs. % Conventional


0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%

% Cash

% Conventional

Sold to List Price Ratio - Condo

November

84%

88%87%

2010 2011 2012

Year to Date

Nov & Dec 200598%

April & May 200981%

November 201287%

75

80

85

90

95

100

105


Historical Activity


85%

86%

88%

2010 2011 2012

Closed Sales – Residential Lot

42

89

114

2010 2011 2012

Year to Date

April 2006266

January 200911

November 2012114

10

60

110

160

210

260

310


Historical Activity

19

November

Research performed by SiteTech Systems

532

708

991

2010 2011 2012

Average Sales Price – Residential Lot November Year to Date

July 2008$275,614

October 2011$35,780


$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000


Historical Activity


$114,210

$38,122 $56,000

2010 2011 2012

$85,520

$63,350 $64,427

2010 2011 2012

Median Sales Price – Residential Lot

November

$40,000

$15,500

$24,000

2010 2011 2012

Year to Date

November 2005$136,770



$0

$25,000

$50,000

$75,000

$100,000

$125,000

$150,000


Historical Activity


$44,900

$30,000 $30,000

2010 2011 2012

Median Sales Price – Res. Lot (Non-Distressed)

November

$43,750

$25,500 $25,750

2010 2011 2012

Year to Date

Historical Activity


$55,000$46,500 $42,900

2010 2011 2012

January 2011 $85,000

October 2011 $23,250 November 2012

$25,750

$-

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

$70,000

$80,000

$90,000

Sold to List Price Ratio – Residential Lot November Year to Date

75%

67%

71%

2010 2011 2012

November 2005101%

November 201147%

November 201270%

40

50

60

70

80

90

100

110


Historical Activity


72%

47%

70%

2010 2011 2012

Grand Strand Distressed Inventory

Single Family Residential

# Listings

Horry Co. 614

Georgetown Co. 75

Total 689



Condo/Townhome

# Listings

Horry Co. 590

Georgetown Co. 36

Total 626



Horry Co.

G’town Co.


$150k - $250k 162 28

$250k - $500k 77 15

$500k - $1.0 MM 24 6

$1 MM + 4 1

Distribution by Price Range


Residential Lot # Listings

Horry Co. 261

Georgetown Co. 87

Total 348



Horry Co.

G’town Co.


$25k - $50k 97 21

$50k - $75k 34 9

$75k-100k 13 16

$100k-175k 15 12

$175k -250K 10 8

$250K + 6 4

Horry Co.

G’town Co.


$100k - $150k 103 7

$150k - $200k 62 6

$200k - $400k 60 2

$400k -$750k 8 6

$750+ 1 -

Distressed Sales Total

Nov Jan Mar May Jul Sept Nov

SFR


Condo



% Total Sales

33 30

37 32 33

28 28 29 29 29 29

23 25


Be sure to check out our new website for daily updates and breaking news in the real estate and financial markets, also…

“Like” us on Facebook – www.facebook.com/SiteTechSystems

Follow us on Twitter – @SiteTechSystems

www.sitetechsystems.com

http://www.facebook.com/sitetechsystems

Monthly Indicators A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®

November 2012 Quick Facts

23456789

10111213

+

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1

+ 13.4%Change in

Closed SalesSingle-Family Only

Click on desired metric to jump to that page.

This November, there was a lot to be thankful for. Home buyers were thankful for historically low mortgage rates and still-affordable prices. Sellers were thankful for increased sales, less competition and faster market times. Both parties can be thankful for the slow yet steady economic recovery. Challenges persist, to be sure, going into 2013, but there's more reason for optimism than pessimism. Here's the local scoop.

New Listings in the Coastal Carolinas region were up 5.0 percent for detached homes but decreased 18.4 percent for condos. Pending Sales increased 53.8 percent for single-family homes and 32.8 percent for condos.

The Median Sales Price was down 4.4 percent to $150,250 for single-family properties but increased 13.6 percent to $104,500 for condo units. Months Supply of Inventory decreased 30.3 percent for single-family units and 32.9 percent for townhouse-condo units.

There are three primary avenues to housing recovery: better market fundamentals, improved market composition and more jobs. Many communities are enjoying better fundamentals, such as higher demand and less supply. But many areas are also experiencing a lower overall share of distressed sales activity. In the month ahead, continue to watch hiring and unemployment trends.

+ 26.8%Change in

Closed SalesCondo Only

+ 18.9%Change in

Closed SalesAll Properties

Single-Family Market OverviewCondo Market OverviewNew ListingsPending SalesClosed SalesDays On Market Until Sale

Months Supply of Inventory

Median Sales PriceAverage Sales PricePercent of List Price ReceivedHousing Affordability IndexInventory of Homes for Sale

Single-Family Market Overview

Key Metrics Historical Sparklines 11-2011 11-2012 + / – YTD 2011 YTD 2012 + / –

+

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2

13.0

167 + 13.9%

- 14.5%

- 30.3%

3,854

9.1

147

--

-- --

--

--Months Supplyof Homes for Sale

Inventory of Homes for Sale

$165,000 $160,000

+ 1.0%

- 12.0% 180 170 - 5.7%

- 3.0%

+ 1.5% 94.3% 95.2%

- 6.9%

- 4.4%

+ 3.2%

299 460 + 53.8% 3,917 4,838 + 23.5%

8,054605 635 + 5.0% 7,802

337 382 + 13.4% 3,761

New Listings

Pending Sales

Closed Sales

94.2% 95.6%

Housing Affordability Index

Days on Market Until Sale

Median Sales Price

Average Sales Price

Percent ofList Price Received

$205,641

Key market metrics for the current month and year-to-date figures for Single-Family Homes Only.

4,326 + 15.0%

147

4,509

182 161

167 + 13.9%

--

$209,355 $202,018 - 3.5%

$157,090 $150,250

$191,356

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

Condo Market Overview

Key Metrics Historical Sparklines 11-2011 11-2012 + / – YTD 2011 YTD 2012 + / –

+


--

Months Supplyof Homes for Sale

15.3 10.2 - 32.9% -- -- --

Inventory of Homes for Sale 4,461 3,491 - 21.7% -- --

+ 0.3%

Housing Affordability Index 233 233 + 11.2% 233 233 + 11.2%

Percent ofList Price Received

93.7% 93.4% - 0.3% 93.5% 93.7%

- 2.7%

Average Sales Price $132,004 $135,447 + 2.6% $139,507 $134,932 - 3.3%

Median Sales Price $92,000 $104,500 + 13.6% $106,000 $103,100

+ 9.7%

Days on Market Until Sale 169 188 + 11.5% 181 175 - 3.2%

Closed Sales 239 303 + 26.8% 3,284 3,604

Key market metrics for the current month and year-to-date figures for Condo Properties Only.

- 7.1%

Pending Sales 235 312 + 32.8% 3,330 3,902 + 17.2%

New Listings 559 456 - 18.4% 6,639 6,169

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

11-2009 11-2010 11-2011 11-2012

New Listings

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 456 - 7.7% 444 + 3.5%

January 761 - 0.7% 697 + 7.2%

February 702 - 8.8% 608 - 2.3%

March 804 - 10.9% 658 - 13.4%

April 742 + 0.3% 617 - 15.8%

May 805 + 17.2% 601 + 8.5%

June 752 + 2.3% 503 - 15.9%

July 691 + 6.6% 521 - 5.8%

August 756 + 6.2% 502 - 10.5%

September 682 + 13.1% 455 - 9.9%

October 724 + 14.2% 551 + 1.3%

November 635 + 5.0% 456 - 18.4%

Total 8,510 + 2.6% 6,730 - 6.6%

+


A count of the properties that have been newly listed on the market in a given month.

615

524

605

559

635

456

Single-Family Condo

November

0

250

500

750

1,000

1,250

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical New Listing Activity Single-Family Condo

-18.4% +6.7% +5.0% -1.6%

2012 2011 2010 2012 2011 2010

8,781

7,433 7,802

6,639

8,054

6,169

Single-Family Condo

Year to Date

-7.1% -10.7% +3.2% -11.1%

2012 2011 2010 2012 2011 2010

Pending Sales

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 258 + 7.9% 191 + 7.9%

January 336 + 14.3% 304 + 12.2%

February 411 + 20.5% 337 + 1.5%

March 471 + 10.6% 396 - 0.3%

April 434 + 12.4% 427 + 13.9%

May 474 + 23.1% 357 + 13.0%

June 455 + 24.7% 345 + 23.7%

July 432 + 9.6% 340 + 25.5%

August 447 + 25.6% 369 + 11.8%

September 405 + 18.8% 353 + 34.2%

October 513 + 55.5% 362 + 38.7%

November 460 + 53.8% 312 + 32.8%

Total 5,096 + 22.6% 4,154 + 17.0%

+


A count of the properties on which contracts have been accepted in a given month.

280

244

299

235

460

312

Single-Family Condo

November

0

250

500

750

1,000

1,250

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Pending Sales Activity Single-Family Condo

+32.8% -3.7% +53.8% +6.8%

2012 2011 2010 2012 2011 2010

3,643 3,311

3,917

3,330

4,838

3,902

Single-Family Condo

Year to Date

+17.2% +0.6% +23.5% +7.5%

2012 2011 2010 2012 2011 2010

Closed Sales

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 323 - 1.8% 259 - 11.3%

January 273 + 12.3% 210 0.0%

February 296 + 17.5% 270 + 13.0%

March 386 + 6.6% 354 - 6.6%

April 368 + 0.5% 355 - 4.8%

May 428 + 18.9% 405 + 14.7%

June 454 + 12.1% 393 + 10.7%

July 451 + 29.2% 311 + 9.5%

August 467 + 19.4% 354 + 22.5%

September 398 + 12.7% 290 - 2.7%

October 423 + 23.3% 359 + 35.5%

November 382 + 13.4% 303 + 26.8%

Total 4,649 + 13.7% 3,920 + 8.3%

+


A count of the actual sales that have closed in a given month.

255 250

337

239

382

303

Single-Family Condo

November

0

250

500

750

1,000

1,250

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Closed Sales Activity Single-Family Condo

+26.8% -4.4% +13.4% +32.2%

2012 2011 2010 2012 2011 2010

3,495 3,196

3,761

3,284

4,326

3,604

Single-Family Condo

Year to Date

+9.7% +2.8% +15.0% +7.6%

2012 2011 2010 2012 2011 2010


MonthSingle-Family

YoYChg.

CondoYoYChg.

December 176 + 0.3% 165 - 10.7%

January 183 - 6.7% 183 - 1.9%

February 185 + 16.4% 184 + 5.0%

March 177 - 3.6% 166 - 2.7%

April 176 - 3.5% 170 - 1.0%

May 182 + 13.0% 170 - 9.3%

June 175 - 4.7% 183 - 0.2%

July 161 - 11.4% 170 - 8.3%

August 172 - 1.2% 172 - 2.5%

September 150 - 15.8% 166 - 15.1%

October 156 - 21.7% 183 - 6.4%

November 161 - 12.0% 188 + 11.5%

Total 170 - 5.2% 175 - 3.7%

+


Average number of days between when a property is listed and when an offer is accepted in a given month.

171

183 182

169 161

188

Single-Family Condo

November

0

50

100

150

200

250

300

350

400

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Days on Market Until Sale Single-Family Condo

+11.5% -7.7% -12.0% +6.9%

2012 2011 2010 2012 2011 2010

171 172 180 181

170 175

Single-Family Condo

Year to Date

-3.2% +5.2% -5.7% +5.6%

2012 2011 2010 2012 2011 2010

Median Sales Price

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 162,248 - 1.7% 107,500 - 2.3%

January 159,900 + 2.5% 93,500 - 13.0%

February 170,450 + 3.3% 95,000 - 5.0%

March 160,899 - 9.6% 103,550 - 5.8%

April 158,000 + 0.0% 115,500 + 15.5%

May 161,500 + 0.9% 105,000 - 4.5%

June 157,954 - 11.3% 110,000 - 6.4%

July 165,713 + 2.1% 95,000 - 13.6%

August 166,550 + 2.3% 101,000 + 1.1%

September 154,900 - 5.7% 102,000 - 6.2%

October 159,250 - 4.9% 102,500 - 2.4%

November 150,250 - 4.4% 104,500 + 13.6%

Median 160,000 - 3.0% 105,000 - 4.1%

+


Median price point for all closed sales, not accounting for seller concessions, in a given month.

$180,850

$115,000

$157,090

$92,000

$150,250

$104,500

Single-Family Condo

November

$75,000

$100,000

$125,000

$150,000

$175,000

$200,000

$225,000

$250,000

$275,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Median Sales Price Single-Family Condo

+13.6% -20.0% -4.4% -13.1%

2012 2011 2010 2012 2011 2010

$175,000

$118,500

$165,000

$106,000

$160,000

$103,100

Single-Family Condo

Year to Date

-2.7% -10.5% -3.0% -5.7%

2012 2011 2010 2012 2011 2010

Average Sales Price

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 221,155 + 12.9% 132,909 - 4.8%

January 203,310 + 5.2% 123,343 - 14.1%

February 205,050 - 1.9% 129,473 + 3.1%

March 210,954 - 8.8% 130,487 - 9.2%

April 193,804 - 7.3% 143,335 + 10.5%

May 200,975 + 2.3% 143,856 - 3.7%

June 215,079 - 4.5% 142,844 - 2.6%

July 205,680 + 1.1% 135,300 - 6.9%

August 208,210 + 6.4% 129,686 + 5.1%

September 188,760 - 9.1% 128,631 - 6.5%

October 196,468 - 10.6% 132,647 - 14.0%

November 191,356 - 6.9% 135,447 + 2.6%

Average 186,083 - 4.2% 134,807 - 3.3%

+


Average sales price for all closed sales, not accounting for seller concessions, in a given month.

$232,638

$159,554

$205,641

$132,004

$191,356

$135,447

Single-Family Condo

November

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Average Sales Price Single-Family Condo

+ 2.6% - 17.3% - 6.9% - 11.6%

2012 2011 2010 2012 2011 2010

$218,866

$149,735

$209,355

$139,507

$202,018

$134,932

Single-Family Condo

Year to Date

- 3.3% - 6.8% - 3.5% - 4.3%

2012 2011 2010 2012 2011 2010

Percent of List Price Received

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 94.1% - 0.2% 93.2% - 0.5%

January 95.5% + 1.6% 92.6% - 1.8%

February 95.3% + 0.8% 93.3% - 0.4%

March 94.5% - 0.8% 92.9% - 0.6%

April 95.0% + 1.2% 94.7% + 0.9%

May 95.3% + 1.5% 93.7% - 0.1%

June 96.1% + 1.9% 93.9% + 0.6%

July 94.9% + 0.6% 94.3% + 2.6%

August 94.6% + 0.7% 93.9% - 1.1%

September 94.7% + 0.1% 94.0% + 0.9%

October 95.6% + 1.4% 93.9% + 2.1%

November 95.6% + 1.5% 93.4% - 0.3%

Average 90.7% + 2.6% 88.4% + 1.4%

+


Percentage found when dividing a property’s sales price by its last list price, then taking the average for all properties sold in a given month, not accounting for seller concessions.

93.8% 92.7% 94.2% 93.7% 95.6% 93.4%

Single-Family Condo

November

90%

92%

94%

96%

98%

100%

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Percent of List Price Received Single-Family Condo

-0.3% +1.1% +1.5% +0.4%

2012 2011 2010 2012 2011 2010

94.6% 93.7% 94.3% 93.5% 95.2% 93.7%

Single-Family Condo

Year to Date

+0.3% -0.3% +1.0% -0.3%

2012 2011 2010 2012 2011 2010

Housing Affordability Index

MonthSingle-Family

YoYChg.

CondoYoYChg.

December 144 + 12.5% 208 + 18.2%

January 148 + 3.2% 235 + 3.5%

February 144 + 6.2% 237 + 19.8%

March 150 + 8.9% 223 + 15.6%

April 152 + 20.4% 204 + 15.8%

May 150 + 10.3% 220 - 1.0%

June 155 + 8.4% 216 + 13.0%

July 151 + 20.1% 244 + 14.5%

August 151 + 8.7% 234 + 22.8%

September 163 + 7.7% 237 + 8.6%

October 159 + 16.4% 235 + 16.2%

November 167 + 13.9% 233 + 11.2%

Average 153 + 11.4% 227 + 13.2%

+

This index measures housing affordability for the region. An index of 120 means the median household income was 120% of what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.


131

197

147

233

167

233

Single-Family Condo

November

75

100

125

150

175

200

225

250

1-2008 1-2009 1-2010 1-2011 1-2012

Historical Housing Affordability Index Single-Family Condo

+11.2% +10.0% +13.9% +9.5%

2012 2011 2010 2012 2011 2010

131

197

147

233

167

233

Single-Family Condo

Year to Date

+11.2% +10.0% +13.9% +9.5%

2012 2011 2010 2012 2011 2010


MonthSingle-Family

YoYChg.

CondoYoYChg.

December 4,241 - 10.4% 4,306 - 8.5%

January 4,303 - 9.5% 4,382 - 6.2%

February 4,301 - 10.9% 4,391 - 6.3%

March 4,288 - 12.8% 4,347 - 7.8%

April 4,288 - 12.0% 4,214 - 11.4%

May 4,264 - 11.4% 4,181 - 11.5%

June 4,255 - 11.5% 4,054 - 13.8%

July 4,183 - 11.2% 3,965 - 14.6%

August 4,194 - 10.2% 3,858 - 15.3%

September 4,160 - 8.8% 3,690 - 17.6%

October 3,996 - 11.9% 3,595 - 19.1%

November 3,854 - 14.5% 3,491 - 21.7%

Average 3,040 - 17.2% 3,557 - 21.5%

+


The number of properties available for sale in active status at the end of a given month.

5,000 4,909 4,509 4,461

3,854 3,491

Single-Family Condo

November

500

1,500

2,500

3,500

4,500

5,500

6,500

1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Inventory of Homes for Sale Single-Family Condo

-21.7% -9.1% -14.5% -9.8%

2012 2011 2010 2012 2011 2010


MonthSingle-Family

YoYChg.

CondoYoYChg.

December 12.2 - 16.7% 15 - 9.4%

January 12.2 - 16.8% 14.8 - 8.5%

February 12.0 - 19.1% 14.8 - 6.8%

March 11.9 - 20.9% 14.7 - 6.8%

April 11.7 - 22.8% 14.0 - 11.5%

May 11.4 - 22.1% 13.7 - 12.0%

June 11.2 - 23.0% 13.1 - 16.7%

July 10.9 - 21.9% 12.6 - 19.0%

August 10.7 - 22.0% 12.1 - 20.4%

September 10.5 - 20.7% 11.3 - 24.9%

October 9.7 - 26.1% 10.7 - 29.2%

November 9.1 - 30.3% 10.2 - 32.9%

Average 8.2 - 32.2% 10.3 - 32.9%

+


The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.

15.4 16.8

13.0

15.3

9.1 10.2

Single-Family Condo

November

0

5

10

15

20

25

30

1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012

Historical Months Supply of Inventory Single-Family Condo

-32.9% -9.3% -30.3% -15.6%

2012 2011 2010 2012 2011 2010

November 2012 Quick Facts

$150,000 and Below 3 Bedrooms

234567

Housing Supply Overview

+ 14.7% + 13.3%There was a lot to be thankful for this November. Home buyers can be thankful for ultra-low mortgage rates while sellers can be thankful for a slow yet steady recovery. For the 12-month period spanning December 2011 through November 2012, Closed Sales in the Coastal Carolinas region were up 11.0 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 14.7 percent.

The overall Median Sales Price was down 1.7 percent to $137,500. The property type with the smallest price decline was the Single-Family segment, where prices decreased 3.0 percent to $160,000. The price range that tended to sell the quickest was the $150,000 and Below range at 161 days; the price range that tended to sell the slowest was the $300,001 and Above range at 204 days.

Market-wide, inventory levels were down 18.1 percent. The property type that lost the least inventory was the Single-Family segment, where it decreased 14.5 percent. That amounts to 9.1 months supply for Single-Family homes and 10.2 months supply for Condos.

+ 12.5%

Click on desired metric to jump to that page.

Price Range With the Strongest Sales:

Bedroom Count With Strongest Sales:

Property Type With Strongest Sales:

Single-Family Homes

A RESEARCH TOOL PROVIDED BY THE COASTAL CAROLINAS ASSOCIATION OF REALTORS®

Closed SalesDays on Market Until SaleMedian Sales PricePercent of List Price ReceivedInventory of Homes for SaleMonths Supply of Inventory

All data comes from the Coastal Carolinas Association of REALTORS® Multiple Listing Service. Provided by South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1

Closed Sales

By Price Range 11-2011 11-2012 Change 11-2011 11-2012 Change 11-2011 11-2012 Change

$150,000 and Below 4,036 4,630 + 14.7% 1,661 2,010 + 21.0% 2,375 2,620 + 10.3%

$150,001 to $200,000 1,330 1,474 + 10.8% 837 958 + 14.5% 493 516 + 4.7%

$200,001 to $250,000 803 832 + 3.6% 528 547 + 3.6% 275 285 + 3.6%

$250,001 to $300,000 546 611 + 11.9% 385 425 + 10.4% 161 186 + 15.5%

$300,001 and Above 951 965 + 1.5% 679 709 + 4.4% 272 256 - 5.9%

All Price Ranges 7,666 8,512 + 11.0% 3,597 4,076 + 13.3% 3,406 3,639 + 6.8%

By Bedroom Count 11-2011 11-2012 Change 11-2011 11-2012 Change 11-2011 11-2012 Change

2 Bedrooms or Less 2,259 2,514 + 11.3% 241 321 + 33.2% 2,018 2,193 + 8.7%

3 Bedrooms 3,804 4,278 + 12.5% 2,632 3,005 + 14.2% 1,172 1,273 + 8.6%

4 Bedrooms or More 1,335 1,452 + 8.8% 1,217 1,322 + 8.6% 118 130 + 10.2%

All Bedroom Counts 7,666 8,512 + 11.0% 3,597 4,076 + 13.3% 3,406 3,639 + 6.8%

A count of the actual sales that have closed. Based on a rolling 12-month total.


All Properties Single-Family Homes Condos

4,036

1,330

803 546

951

4,630

1,474

832 611

965

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above

By Price Range 11-2011 11-2012

2,259

3,804

1,335

2,514

4,278

1,452

2 Bedrooms or Less

3 Bedrooms 4 Bedrooms or More

By Bedroom Count 11-2011 11-2012

+ 14.7%

3,597

3,406

4,076

3,639

Single-Family Homes Condos

By Property Type 11-2011 11-2012

+ 10.8% + 3.6% + 11.9% + 1.5% + 13.3% + 6.8% + 11.3% + 12.5% + 8.8%



$150,000 and Below 169 161 - 4.7% 167 160 - 4.2% 171 163 - 5.0%

$150,001 to $200,000 189 174 - 7.8% 179 160 - 10.7% 206 202 - 2.2%

$200,001 to $250,000 177 184 + 4.2% 170 179 + 5.3% 191 195 + 2.0%

$250,001 to $300,000 192 197 + 2.6% 181 193 + 6.5% 220 208 - 5.5%

$300,001 and Above 221 204 - 7.4% 226 200 - 11.6% 206 218 + 6.0%

All Price Ranges 181 172 - 4.5% 180 170 - 5.2% 181 175 - 3.7%


2 Bedrooms or Less 178 170 - 4.2% 174 166 - 4.5% 178 171 - 4.1%

3 Bedrooms 176 170 - 3.0% 172 165 - 3.8% 184 183 - 1.0%

4 Bedrooms or More 201 186 - 7.5% 198 183 - 7.6% 224 208 - 7.1%

All Bedroom Counts 181 172 - 4.5% 180 170 - 5.2% 181 175 - 3.7%

Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.



169

189 177

192

221

161 174

184 197 204

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


178 176

201

170 170

186

2 Bedrooms or Less



- 4.7%

180

181

170

175



- 7.8% + 4.2% + 2.6% - 7.4% - 5.2% - 3.7% - 4.2% - 3.0% - 7.5%

Median Sales Price


2 Bedrooms or Less $94,900 $89,500 - 5.7% $99,450 $92,000 - 7.5% $94,500 $89,000 - 5.8%

3 Bedrooms $150,000 $149,385 - 0.4% $149,000 $148,000 - 0.7% $155,000 $151,000 - 2.6%

4 Bedrooms or More $251,500 $250,000 - 0.6% $249,990 $246,500 - 1.4% $285,000 $294,500 + 3.3%

All Bedroom Counts $139,900 $137,500 - 1.7% $165,000 $160,000 - 3.0% $109,000 $105,000 - 3.7%

Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.



$94,900

$150,000

$251,500

$89,500

$149,385

$250,000

2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More


$139,900

$165,000

$109,000

$137,500

$160,000

$105,000



- 3.0% - 3.7% - 5.7% - 0.4% - 1.7% - 0.6%

Percent of List Price Received


$150,000 and Below 93.3% 93.9% + 0.6% 93.4% 94.3% + 1.0% 93.3% 93.5% + 0.2%

$150,001 to $200,000 95.2% 95.6% + 0.4% 95.8% 96.4% + 0.6% 94.2% 94.3% + 0.1%

$200,001 to $250,000 94.8% 95.4% + 0.6% 95.5% 96.2% + 0.7% 93.5% 93.9% + 0.4%

$250,001 to $300,000 94.8% 95.8% + 1.1% 95.8% 96.3% + 0.5% 92.2% 94.5% + 2.5%

$300,001 and Above 93.5% 94.3% + 0.9% 93.2% 94.2% + 1.1% 94.3% 94.3% 0.0%

All Price Ranges 93.9% 94.5% + 0.6% 94.3% 95.1% + 0.8% 93.5% 93.7% + 0.2%


2 Bedrooms or Less 93.2% 93.1% - 0.1% 91.7% 91.9% + 0.2% 93.3% 93.3% 0.0%

3 Bedrooms 94.6% 95.1% + 0.5% 94.9% 95.5% + 0.6% 94.0% 94.2% + 0.2%

4 Bedrooms or More 93.5% 94.9% + 1.5% 93.5% 95.0% + 1.6% 93.3% 94.5% + 1.3%

All Bedroom Counts 93.9% 94.5% + 0.6% 94.3% 95.1% + 0.8% 93.5% 93.7% + 0.2%

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.



93.3%

95.2% 94.8% 94.8%

93.5%

93.9%

95.6% 95.4%

95.8%

94.3%

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


93.2%

94.6%

93.5%

93.1%

95.1% 94.9%

2 Bedrooms or Less



+ 0.6%

94.3%

93.5%

95.1%

93.7%



+ 0.4% + 0.6% + 1.1% + 0.9% + 0.8% + 0.2% - 0.1% + 0.5% + 1.5%



$150,000 and Below 3,837 3,029 - 21.1% 1,378 1,071 - 22.3% 2,459 1,958 - 20.4%

$150,001 to $200,000 1,419 1,189 - 16.2% 770 659 - 14.4% 649 530 - 18.3%

$200,001 to $250,000 949 772 - 18.7% 578 522 - 9.7% 371 250 - 32.6%

$250,001 to $300,000 717 553 - 22.9% 428 358 - 16.4% 289 195 - 32.5%

$300,001 and Above 2,048 1,802 - 12.0% 1,355 1,244 - 8.2% 693 558 - 19.5%

All Price Ranges 8,970 7,345 - 18.1% 4,509 3,854 - 14.5% 4,461 3,491 - 21.7%


2 Bedrooms or Less 2,831 2,264 - 20.0% 314 232 - 26.1% 2,517 2,032 - 19.3%

3 Bedrooms 4,027 3,172 - 21.2% 2,567 2,133 - 16.9% 1,460 1,039 - 28.8%

4 Bedrooms or More 1,858 1,680 - 9.6% 1,627 1,488 - 8.5% 231 192 - 16.9%

All Bedroom Counts 8,970 7,345 - 18.1% 4,509 3,854 - 14.5% 4,461 3,491 - 21.7%

The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.



3,837

1,419

949 717

2,048

3,029

1,189

772 553

1,802

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


2,831

4,027

1,858

2,264

3,172

1,680

2 Bedrooms or Less



- 21.1%

4,509 4,461

3,854 3,491



- 16.2% - 18.7% - 22.9% - 12.0% - 14.5% - 21.7% - 20.0% - 21.2% - 9.6%



$150,000 and Below 11.4 7.3 - 35.6% 9.8 5.9 - 40.2% 12.5 8.5 - 32.1%

$150,001 to $200,000 12.7 8.9 - 29.8% 10.7 7.7 - 27.4% 16.4 11.0 - 33.1%

$200,001 to $250,000 14.5 9.7 - 32.9% 13.3 9.6 - 27.5% 16.9 9.9 - 41.3%

$250,001 to $300,000 15.6 10.3 - 33.9% 13.2 9.7 - 26.5% 21.4 11.7 - 45.3%

$300,001 and Above 26.0 20.8 - 20.0% 23.6 19.0 - 19.4% 32.7 26.6 - 18.8%

All Price Ranges 14.0 9.6 - 31.7% 13.0 9.1 - 30.3% 15.3 10.2 - 32.9%


2 Bedrooms or Less 15.3 10.3 - 32.8% 15.3 8.2 - 46.2% 15.3 10.6 - 30.9%

3 Bedrooms 12.7 8.1 - 36.0% 11.6 7.7 - 33.2% 15.3 9.0 - 40.8%

4 Bedrooms or More 16.3 12.8 - 21.9% 15.7 12.3 - 21.1% 23.7 17.3 - 26.9%

All Bedroom Counts 14.0 9.6 - 31.7% 13.0 9.1 - 30.3% 15.3 10.2 - 32.9%

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.



11.4 12.7

14.5 15.6

26.0

7.3 8.9 9.7 10.3

20.8

$150,000 and Below

$150,001 to $200,000

$200,001 to $250,000

$250,001 to $300,000

$300,001 and Above


15.3

12.7

16.3

10.3

8.1

12.8

2 Bedrooms or Less



- 35.6%

13.0

15.3

9.1 10.2



- 29.8% - 32.9% - 33.9% - 20.0% - 30.3% - 32.9% - 32.8% - 36.0% - 21.9%

Documents

November, 2012 Market Report