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November 2011 Quick Facts
Housing Supply Overview
+ 17.4% + 15.7%With 2012 just around the corner, many local markets have enjoyed strong sales volumes combined with falling inventory levels so far this year. For the 12-month period spanning December 2010 through N b 2011 P di S l i th Hilt H d i 4 2
+ 16.7%
Price Range With the Bedroom Count With Property Type With
A RESEARCH TOOL PROVIDED BY THE HILTON HEAD AREA ASSOCIATION OF REALTORS®
$100,001 to $225,000 3 Bedrooms
234567
November 2011, Pending Sales in the Hilton Head region were up 4.2 percent overall. The price range with the largest gain in sales was the $100,001 to $225,000 range, where they increased 8.7 percent.
The overall Median Sales Price was down 1.4 percent to $231,250. The property type with the largest price gain was the Condo segment, where prices increased 0.1 percent to $150,000. The price range that tended to sell the quickest was the $100,000 and Below range at 115 days; the price range that tended to sell the slowest was the $650,001 and Above range at 236 days.
Market-wide, inventory levels were down 16.8 percent. The property type that lost the least inventory was the Condo segment, where it decreased 15.7 percent. That amounts to 11.4 months supply for Single-Family homes and 13.0 months supply for Condos.
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Price Range With the Strongest Sales:
Bedroom Count With Strongest Sales:
Property Type With Strongest Sales:
Single-Family Homes
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | 1
Pending SalesDays on Market Until SaleMedian Sales PricePercent of List Price ReceivedInventory of Homes for SaleMonths Supply of Inventory
Pending Sales A count of properties on which offers have been accepted. Based on a rolling 12-month total.
485
724
602
501
321
566
850
687
531
322
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
9561,025
644
1,055
1,196
696
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
+ 16.7%
1,806
827
2,089
867
Single-Family Homes Condos
By Property Type11-2010 11-2011
+ 17.4% + 14.1% + 6.0% + 0.3% + 15.7% + 4.8%+ 10.4% + 16.7% + 8.1%
By Price Range 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
$100,000 and Below 485 566 + 16.7% 162 219 + 35.2% 323 347 + 7.4%
$100,001 to $225,000 724 850 + 17.4% 549 642 + 16.9% 175 208 + 18.9%
$225,001 to $375,000 602 687 + 14.1% 431 514 + 19.3% 171 173 + 1.2%
$375,001 to $650,000 501 531 + 6.0% 383 430 + 12.3% 118 101 - 14.4%
$650,001 and Above 321 322 + 0.3% 281 284 + 1.1% 40 38 - 5.0%
All Price Ranges 2,633 2,956 + 12.3% 1,806 2,089 + 15.7% 827 867 + 4.8%
By Bedroom Count 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
2 Bedrooms or Less 956 1,055 + 10.4% 297 406 + 36.7% 659 649 - 1.5%
3 Bedrooms 1,025 1,196 + 16.7% 871 994 + 14.1% 154 202 + 31.2%
4 Bedrooms or More 644 696 + 8.1% 637 688 + 8.0% 7 8 + 14.3%
All Bedroom Counts 2,633 2,956 + 12.3% 1,806 2,089 + 15.7% 827 867 + 4.8%
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 2
All Properties Single-Family Homes Condos
485
724
602
501
321
566
850
687
531
322
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
9561,025
644
1,055
1,196
696
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
+ 16.7%
1,806
827
2,089
867
Single-Family Homes Condos
By Property Type11-2010 11-2011
+ 17.4% + 14.1% + 6.0% + 0.3% + 15.7% + 4.8%+ 10.4% + 16.7% + 8.1%
Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted. Based on a rolling 12-month average.
78
125145
182
206
114131
142
183
235
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
130 133
170
134147
176
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
+ 47.3%
142
138
146
158
Single-Family Homes Condos
By Property Type11-2010 11-2011
+ 4.8% - 1.6% + 0.5% + 13.7% + 2.8% + 14.0%+ 3.3% + 10.4% + 3.6%
By Price Range 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
$100,000 and Below 78 114 + 47.3% 83 114 + 37.4% 75 115 + 52.7%
$100,001 to $225,000 125 131 + 4.8% 117 124 + 5.6% 149 153 + 3.0%
$225,001 to $375,000 145 142 - 1.6% 129 122 - 5.5% 184 205 + 11.4%
$375,001 to $650,000 182 183 + 0.5% 170 172 + 1.1% 230 232 + 0.9%
$650,001 and Above 206 235 + 13.7% 207 241 + 16.0% 199 189 - 5.2%
All Price Ranges 141 149 + 6.0% 142 146 + 2.8% 138 158 + 14.0%
By Bedroom Count 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
2 Bedrooms or Less 130 134 + 3.3% 130 101 - 22.5% 130 155 + 19.6%
3 Bedrooms 133 147 + 10.4% 125 143 + 14.1% 176 167 - 5.4%
4 Bedrooms or More 170 176 + 3.6% 170 176 + 3.8% 173 153 - 11.9%
All Bedroom Counts 141 149 + 6.0% 142 146 + 2.8% 138 158 + 14.0%
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 3
All Properties Single-Family Homes Condos
78
125145
182
206
114131
142
183
235
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
130 133
170
134147
176
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
+ 47.3%
142
138
146
158
Single-Family Homes Condos
By Property Type11-2010 11-2011
+ 4.8% - 1.6% + 0.5% + 13.7% + 2.8% + 14.0%+ 3.3% + 10.4% + 3.6%
Median Sales Price Median price point for all closed sales, not accounting for seller concessions. Based on a rolling 12-month median.
$158,999
$274,000
$512,500
$159,000
$272,000
$450,000
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
$234,500
$275,000
$149,900
$230,285
$263,815
$155,000
All Properties Single-Family Homes Condos
By Property Type11-2010 11-2011
- 4.1% + 3.4%+ 0.0% - 0.7% - 1.8%- 12.2%
By Bedroom Count 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
2 Bedrooms or Less $158,999 $159,000 + 0.0% $180,000 $181,000 + 0.6% $122,400 $109,000 - 10.9%
3 Bedrooms $274,000 $272,000 - 0.7% $260,000 $264,408 + 1.7% $330,000 $290,000 - 12.1%
4 Bedrooms or More $512,500 $450,000 - 12.2% $507,500 $450,000 - 11.3% $1,000,000 $415,000 - 58.5%
All Bedroom Counts $234,500 $230,285 - 1.8% $275,000 $263,815 - 4.1% $149,900 $155,000 + 3.4%
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 4
All Properties Single-Family Homes Condos
$158,999
$274,000
$512,500
$159,000
$272,000
$450,000
2 Bedrooms or Less 3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
$234,500
$275,000
$149,900
$230,285
$263,815
$155,000
All Properties Single-Family Homes Condos
By Property Type11-2010 11-2011
- 4.1% + 3.4%+ 0.0% - 0.7% - 1.8%- 12.2%
Percent of List Price Received 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.
94.1%94.6%
94.0%
93.3%
91.8%
92.4%
94.6%94.2%
93.9%
91.5%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
93.7%
94.1%
93.4%
93.5%
94.1%
93.4%
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
- 1.8%
93.9%
93.5%
94.1%
92.6%
Single-Family Homes Condos
By Property Type11-2010 11-2011
+ 0.1% + 0.2% + 0.6% - 0.3% + 0.2% - 1.0%- 0.3% + 0.0% + 0.0%
By Price Range 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
$100,000 and Below 94.1% 92.4% - 1.8% 92.1% 91.7% - 0.5% 95.1% 92.9% - 2.3%
$100,001 to $225,000 94.6% 94.6% + 0.1% 95.2% 95.1% - 0.1% 92.4% 93.2% + 0.8%
$225,001 to $375,000 94.0% 94.2% + 0.2% 94.7% 95.1% + 0.5% 92.3% 91.4% - 0.9%
$375,001 to $650,000 93.3% 93.9% + 0.6% 93.4% 94.2% + 0.8% 92.8% 92.6% - 0.2%
$650,001 and Above 91.8% 91.5% - 0.3% 91.6% 91.6% - 0.1% 92.8% 90.8% - 2.2%
All Price Ranges 93.8% 93.7% - 0.1% 93.9% 94.1% + 0.2% 93.5% 92.6% - 1.0%
By Bedroom Count 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
2 Bedrooms or Less 93.7% 93.5% - 0.3% 93.8% 94.7% + 1.0% 93.7% 92.7% - 1.1%
3 Bedrooms 94.1% 94.1% + 0.0% 94.4% 94.4% + 0.0% 92.4% 92.4% + 0.0%
4 Bedrooms or More 93.4% 93.4% + 0.0% 93.4% 93.4% + 0.0% 89.7% 92.1% + 2.7%
All Bedroom Counts 93.8% 93.7% - 0.1% 93.9% 94.1% + 0.2% 93.5% 92.6% - 1.0%
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 5
All Properties Single-Family Homes Condos
94.1%94.6%
94.0%
93.3%
91.8%
92.4%
94.6%94.2%
93.9%
91.5%
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
93.7%
94.1%
93.4%
93.5%
94.1%
93.4%
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
- 1.8%
93.9%
93.5%
94.1%
92.6%
Single-Family Homes Condos
By Property Type11-2010 11-2011
+ 0.1% + 0.2% + 0.6% - 0.3% + 0.2% - 1.0%- 0.3% + 0.0% + 0.0%
Inventory of Homes for Sale The number of properties available for sale in active status at the end of the most recent month. Based on one month of activity.
344
844
750 760826
230
635 616673
726
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
1,113
1,356
1,039
878
1,102
880
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
- 33.1%
2,386
1,138
1,938
942
Single-Family Homes Condos
By Property Type11-2010 11-2011
- 24.8% - 17.9% - 11.4% - 12.1% - 18.8% - 17.2%- 21.1% - 18.7% - 15.3%
By Price Range 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
$100,000 and Below 344 230 - 33.1% 139 88 - 36.7% 205 142 - 30.7%
$100,001 to $225,000 844 635 - 24.8% 585 429 - 26.7% 259 206 - 20.5%
$225,001 to $375,000 750 616 - 17.9% 450 346 - 23.1% 300 270 - 10.0%
$375,001 to $650,000 760 673 - 11.4% 504 462 - 8.3% 256 211 - 17.6%
$650,001 and Above 826 726 - 12.1% 708 613 - 13.4% 118 113 - 4.2%
All Price Ranges 3,524 2,880 - 18.3% 2,386 1,938 - 18.8% 1,138 942 - 17.2%
By Bedroom Count 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
2 Bedrooms or Less 1,113 878 - 21.1% 310 240 - 22.6% 803 638 - 20.5%
3 Bedrooms 1,356 1,102 - 18.7% 1,062 848 - 20.2% 294 254 - 13.6%
4 Bedrooms or More 1,039 880 - 15.3% 1,013 849 - 16.2% 26 31 + 19.2%
All Bedroom Counts 3,524 2,880 - 18.3% 2,386 1,938 - 18.8% 1,138 942 - 17.2%
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 6
All Properties Single-Family Homes Condos
344
844
750 760826
230
635 616673
726
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
1,113
1,356
1,039
878
1,102
880
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
- 33.1%
2,386
1,138
1,938
942
Single-Family Homes Condos
By Property Type11-2010 11-2011
- 24.8% - 17.9% - 11.4% - 12.1% - 18.8% - 17.2%- 21.1% - 18.7% - 15.3%
Months Supply of Inventory 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.
8.8
13.715.8
18.2
29.5
4.9
9.210.4
15.2
27.1
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
14.116.1
19.5
10.011.2
15.0
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
- 44.0%
15.916.9
11.2
12.9
Single-Family Homes Condos
By Property Type11-2010 11-2011
- 32.8% - 34.5% - 16.6% - 8.0% - 29.4% - 23.7%- 29.1% - 30.5% - 22.8%
By Price Range 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
$100,000 and Below 8.8 4.9 - 44.0% 10.8 4.9 - 54.4% 7.8 4.9 - 36.9%
$100,001 to $225,000 13.7 9.2 - 32.8% 12.5 8.2 - 34.2% 17.6 12.3 - 30.0%
$225,001 to $375,000 15.8 10.4 - 34.5% 13.2 7.9 - 40.0% 22.8 17.3 - 24.0%
$375,001 to $650,000 18.2 15.2 - 16.6% 15.8 13.0 - 17.8% 26.3 24.3 - 7.3%
$650,001 and Above 29.5 27.1 - 8.0% 28.9 26.2 - 9.4% 33.7 33.9 + 0.6%
All Price Ranges 16.2 11.7 - 27.7% 15.9 11.2 - 29.4% 16.9 12.9 - 23.7%
By Bedroom Count 11-2010 11-2011 Change 11-2010 11-2011 Change 11-2010 11-2011 Change
2 Bedrooms or Less 14.1 10.0 - 29.1% 12.4 7.3 - 40.9% 14.9 11.6 - 22.2%
3 Bedrooms 16.1 11.2 - 30.5% 14.7 10.3 - 29.6% 24.2 15.2 - 36.9%
4 Bedrooms or More 19.5 15.0 - 22.8% 19.2 14.7 - 23.5% 22.3 31.0 + 39.1%
All Bedroom Counts 16.2 11.7 - 27.7% 15.9 11.2 - 29.4% 16.9 12.9 - 23.7%
All data from the Multiple Listing Service of Hilton Head Island. Provided by the Hilton Head Area Association of REALTORS® and South Carolina REALTORS®. Powered by 10K Research and Marketing. | Click for Cover Page | 7
All Properties Single-Family Homes Condos
8.8
13.715.8
18.2
29.5
4.9
9.210.4
15.2
27.1
$100,000 and Below
$100,001 to $225,000
$225,001 to $375,000
$375,001 to $650,000
$650,001 and Above
By Price Range11-2010 11-2011
14.116.1
19.5
10.011.2
15.0
2 Bedrooms or Less
3 Bedrooms 4 Bedrooms or More
By Bedroom Count11-2010 11-2011
- 44.0%
15.916.9
11.2
12.9
Single-Family Homes Condos
By Property Type11-2010 11-2011
- 32.8% - 34.5% - 16.6% - 8.0% - 29.4% - 23.7%- 29.1% - 30.5% - 22.8%