Research performed by Grand Strand Market Report September 2016 Single Family Residential sales activity dipped as sales prices rise 4%. Year-to-date sales and sales price remain strong, up 3.6% and 3.3% respectively. Condo sales in September are flat with prices rising 3.3% compared to September 2015. Residential lot sales are up 15% compared to September 2015 but down 6.7% for the year. SFR sales volume dipped 9.4% in September which marked four consecutive months of decline as compared to 2015 record performance. Year-to-date, SFR sales are up 3.6% compared to 2015. Median sales price increased to $215,320, up 4% for the month, and up 3.3% in 2016. When compared to September 2015, sales prices for new construction and resales are up 7.6% and 3.9% respectively. Year-to-date, the median sales price for new construction has remained stable with resales up 6.6%. The average sold-to-list ratio for Single Family Residential sales in September was 96%, flat compared to the same month in 2015. Condo sales decreased 0.9% compared to September 2015 but are up 8.2% year-to-date compared to 2015. Condo inventory remained stable, only increasing by 0.1% in September. Median sales price increased 3.3% to $124,000 in September and maintained its growth at 3.5% for the year. The average sold to list ratio for condo sales in September was 93%, up 100 basis points compared to the same month in 2015. Residential lot sales were up 15% in September compared to 2015 but are down 6.7% year-to- date. Median sales price saw an 8.2% decrease for the month compared to 2015 with the year- to-date sales price decreasing 4.7%. However, sold to list ratios are up 400 basis points for September and up 500 basis points for the year. At a glance… SFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory Month YTD Month Month YTD Month Month YTD Month - Median Sales Price Median Sales Price Median Sales Price $215,320 $124,000 $44,500
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Grand Strand Market Report - Amazon S3...Grand Strand Market Report September 2016 Single Family Residential sales activity dipped as sales prices rise 4%. Year-to-date sales and sales
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Research performed by
Grand Strand Market Report September 2016 Single Family Residential sales activity dipped as sales prices rise 4%. Year-to-date
sales and sales price remain strong, up 3.6% and 3.3% respectively. Condo sales in
September are flat with prices rising 3.3% compared to September 2015.
Residential lot sales are up 15% compared to September 2015 but down 6.7% for
the year.
SFR sales volume dipped 9.4% in September which marked four consecutive months of decline as compared to 2015 record performance. Year-to-date, SFR sales are up 3.6% compared to 2015. Median sales price increased to $215,320, up 4% for the month, and up 3.3% in 2016. When compared to September 2015, sales prices for new construction and resales are up 7.6% and 3.9% respectively. Year-to-date, the median sales price for new construction has remained stable with resales up 6.6%. The average sold-to-list ratio for Single Family Residential sales in September was 96%, flat compared to the same month in 2015.
Condo sales decreased 0.9% compared to September 2015 but are up 8.2% year-to-date compared to 2015. Condo inventory remained stable, only increasing by 0.1% in September. Median sales price increased 3.3% to $124,000 in September and maintained its growth at 3.5% for the year. The average sold to list ratio for condo sales in September was 93%, up 100 basis points compared to the same month in 2015.
Residential lot sales were up 15% in September compared to 2015 but are down 6.7% year-to-date. Median sales price saw an 8.2% decrease for the month compared to 2015 with the year-to-date sales price decreasing 4.7%. However, sold to list ratios are up 400 basis points for September and up 500 basis points for the year.