greater greenville, south carolina mls housing outlook

8/9/2019 Greater Greenville, South Carolina MLS Housing Outlook

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What to Watch For Contents

Number of Bedrooms Analysis

Inventory 2

July 2010

The property type with the highest increase in inventory in the lastyear is 2 bedroom single-family detached homes, which have seentheir available homes increase by 38.1 percent in the last year. The

A free research tool from the

Greater Greenville Association of REALTORS

Months Supply 2Home Sales 3

Percent of Orig. List Price Received 3

Median Sales Price 4

Days on Market Until Sale 4

Price Range Analysis

Inventory 5Months Supply 6

Home Sales 7

Percent of Orig. List Price Received 8

Days on Market Until Sale 9

proper y ype ca egory w e gges ec ne n nven ory rom ayear ago is 4 bedroom condominiums, though there are only 21 ofthese properties available.

While closed sales are up for all property type over the last 12months, they have risen the strongest in 2 bedroom single-familyhomes and seen the weakest gains in 3 bedroom single-family

homes.

The price range with the largest increase in sales over the last 12months has been the $75,001 to $100,000 range, where sales haveincreased by 17.4 percent. The range with the weakest sales? The

segment below $75,000, where sales have dipped by 2.4 percent.

Market times are increasing for all property types, but condominiumsare seeing larger increases than single-family detached homes. The

price range with the largest increase in market time is above$200,000.

A free research tool from the

Greater Greenville Association of REALTORS

All data from the Greater Greenville Association of REALTORS Multiple Listing Service - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS 1


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7-2009 7-2010 Change

All 7,303 8,049 + 10.2%

Single-Family 6,601 7,338 + 11.2%

Condo 702 711 + 1.3%

2 Bedrooms and Under 897 1,120 + 24.9%

Single-Family 530 732 + 38.1%

Condo 367 388 + 5.7%

3 Bedrooms 3,640 4,101 + 12.7%Single-Family 3,329 3,799 + 14.1%

Condo 311 302 - 2.9%

4 Bedrooms or More 2,766 2,828 + 2.2%

Single-Family 2,742 2,807 + 2.4%

Condo 24 21 - 12.5%

Inventory of Homes for Sale

Housing Supply OutlookJuly 2010

All 2 Bedrooms and Under 3 Bedrooms 4 Bedrooms or More

7,303

897

3,640

2,766

8,049

1,120

4,101

2,828

July 2009 July 2010

+ 10.2% + 24.9% + 12.7% + 2.2%

7-2009 7-2010 Change

All 12.4 13.0 + 5.2%

Single-Family 12.0 12.9 + 7.1%

Condo 17.2 14.8 - 13.8%

2 Bedrooms and Under 14.0 14.5 + 3.2%Single-Family 12.7 14.1 + 10.3%

Condo 16.3 15.3 - 6.4%

3 Bedrooms 10.8 11.6 + 6.9%


Condo 18.1 14.2 - 21.6%

4 Bedrooms or More 14.5 15.1 + 4.1%


Condo 15.4 11.2 - 27.4%

Months Supply of Inventory


7,303

897

3,640

2,766

8,049

1,120

4,101

2,828

July 2009 July 2010

+ 10.2% + 24.9% + 12.7% + 2.2%


12.4

14.0

10.8

14.5

13.0

14.5

11.6

15.1July 2009 July 2010

+ 5.2% + 3.2% + 6.9% + 4.1%

All data from the Greater Greenville Association of REALTORS Mult iple Listing Service - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS 2


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8-2008

through

7-2009

8-2009

through

7-2010

Change

All 6,960 7,432 + 6.8%

Single-Family 6,459 6,849 + 6.0%

Condo 501 583 + 16.3%

2 Bedrooms and Under 771 930 + 20.6%

Single-Family 495 625 + 26.3%Condo 276 305 + 10.5%

3 Bedrooms 3,967 4,252 + 7.2%

Single-Family 3,760 3,997 + 6.3%

Condo 207 255 + 23.2%

4 Bedrooms or More 2,222 2,250 + 1.2%

Single-Family 2,204 2,227 + 1.0%

Condo 18 23 + 25.0%

Closed Home Sales Last Twelve Months

July 2010

Housing Supply Outlook


6,960

771

3,967

2,222

7,432

930

4,252

2,250

August 2008 through July 2009 August 2009 through July 2010

+ 6.8% + 20.6% + 7.2% + 1.2%

8-2008

through

7-2009

8-2009

through

7-2010

Change

All 91.6% 91.8% + 0.1%

Single-Family 92.9% 92.1% - 0.8%

Condo 91.5% 91.8% + 0.2%

2 Bedrooms and Under 88.4% 88.7% + 0.3%

Single-Family 86.3% 87.4% + 1.2%

Condo 92.0% 91.4% - 0.7%

3 Bedrooms 92.0% 92.3% + 0.3%

Single-Family 91.9% 92.2% + 0.4%

Condo 94.2% 92.9% - 1.3%

4 Bedrooms or More 92.1% 92.1% + 0.0%

Single-Family 92.1% 92.1% - 0.0%

Condo 90.5% 93.9% + 3.7%

Percent Of Original List Price Received Last Twelve Months


6,960

771

3,967

2,222

7,432

930

4,252

2,250


+ 6.8% + 20.6% + 7.2% + 1.2%


91.6%88.4%

92.0% 92.1%91.8%88.7%

92.3% 92.1%


+ 0.1% + 0.3% + 0.3% + 0.0%

All data from the Greater Greenville Associat ion of REALTORS Mult iple Lis ting Service - powered by 10K Research and Market ing and sponsored by the South Carolina Associat ion of REALTORS 3


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8-2008

through

7-2009

8-2009

through

7-2010

Change

All $138,500 $137,900 - 0.4%

Single-Family $139,899 $139,900 + 0.0%

Condo $120,000 $119,900 - 0.1%

2 Bedrooms and Under $79,000 $81,000 + 2.5%

Single-Family $58,900 $65,000 + 10.4%Condo $103,250 $105,000 + 1.7%

3 Bedrooms $126,000 $126,000 - 0.0%

Single-Family $125,000 $125,500 + 0.4%

Condo $139,000 $135,000 - 2.9%

4 Bedrooms or More $200,341 $208,500 + 4.1%

Single-Family $201,000 $209,000 + 4.0%

Condo $149,500 $135,000 - 9.7%

Median Sales Price Last Twelve Months



$138,500

$79,000

$126,000

$200,341

$137,900

$81,000

$126,000

$208,500August 2008 through July 2009 August 2009 through July 2010

- 0.4% + 2.5% - 0.0% + 4.1%

8-2008

through

7-2009

8-2009

through

7-2010

Change

All 99 103 + 4.3%


Condo 120 130 + 8.0%2 Bedrooms and Under 101 102 + 1.1%

Single-Family 89 88 - 1.8%

Condo 122 131 + 7.9%

3 Bedrooms 95 98 + 2.9%


Condo 120 130 + 8.3%

4 Bedrooms or More 106 115 + 8.2%


Condo 85 87 + 2.1%

Days on Market Until Sale Last Twelve Months


$138,500

$79,000

$126,000

$200,341

$137,900

$81,000

$126,000

$208,500August 2008 through July 2009 August 2009 through July 2010

- 0.4% + 2.5% - 0.0% + 4.1%


99 10195

106103 10298

115


+ 4.3% + 1.1% + 2.9% + 8.2%

All data from the Greater Greenville Association of REALTORS Mult iple Listing Service - powered by 10K Research and Marketing and sponsored by the South Carolina Association of REALTORS 4


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Inventory of Homes for Sale

Price Range 7-2009 7-2010 Change 7-2009 7-2010 Change 7-2009 7-2010 ChangeUnder $75,000 808 922 + 14.1% 764 862 + 12.8% 44 60 + 36.4%

$75,000 to $100,000 566 715 + 26.3% 459 602 + 31.2% 107 113 + 5.6%

$100,001 to $150,000 1,415 1,708 + 20.7% 1,226 1,503 + 22.6% 189 205 + 8.5%

$150,001 to $200,000 1,357 1,472 + 8.5% 1,212 1,357 + 12.0% 145 115 - 20.7%

$200,001 and above 3,160 3,236 + 2.4% 2,942 3,018 + 2.6% 218 218 - 0.0%

All Price Ranges 7,306 8,053 + 10.2% 6,603 7,342 + 11.2% 703 711 + 1.1%

Single-Family CondoAll


July 2010

3,160 3,236

July 2009 July 2010

Under $75,000 $75,000 to $100,000 $100,001 to $150,000 $150,001 to $200,000 $200,001 and above

808

566

1,415 1,357

3,160

922

715

1,708

1,472

3,236

July 2009 July 2010

+ 14.1% + 26.3% + 20.7% + 8.5% + 2.4%



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Months Supply of Inventory

Price Range 7-2009 7-2010 Change 7-2009 7-2010 Change 7-2009 7-2010 ChangeUnder $75,000 7.3 8.6 + 18.3% 7.2 8.5 + 17.7% 9.1 11.3 + 23.6%

$75,000 to $100,000 9.7 10.4 + 8.0% 9.0 10.2 + 13.2% 13.8 11.8 - 14.6%

$100,001 to $150,000 9.3 10.0 + 8.0% 8.8 9.8 + 10.8% 13.7 12.1 - 11.3%$150,001 to $200,000 11.9 12.4 + 3.9% 11.3 12.2 + 7.2% 20.7 15.9 - 23.4%

$200,001 and above 20.4 21.0 + 2.8% 20.0 20.8 + 4.0% 29.4 24.7 - 16.0%

All Price Ranges 12.4 13.0 + 5.2% 12.0 12.9 + 7.1% 17.2 14.8 - 13.8%



July 2010

20.4 21.0July 2009 July 2010


7.3

9.7 9.3

11.9

20.4

8.6

10.4 10.0

12.4

21.0July 2009 July 2010

+ 18.3% + 8.0% + 8.0% + 3.9% + 2.8%



7/9

Closed Home Sales Last Twelve Months

Price RangeAugust 2008

through July

2009

August 2009

through July

2010

Change

August 2008

through July

2009

August 2009

through July

2010

Change

August 2008

through July

2009

August 2009

through July

2010

Change

Under $75,000 1,311 1,280 - 2.4% 1,255 1,216 - 3.1% 56 64 + 14.3%

$75,000 to $100,000 700 822 + 17.4% 601 707 + 17.6% 99 115 + 16.2%

$100,001 to $150,000 1,833 2,049 + 11.8% 1,654 1,846 + 11.6% 179 203 + 13.4%

$150,001 to $200,000 1,371 1,427 + 4.1% 1,289 1,340 + 4.0% 82 87 + 6.1%

$200,001 and above 1,744 1,848 + 6.0% 1,662 1,742 + 4.8% 82 106 + 29.3%

All Price Ranges 6,959 7,426 + 6.7% 6,461 6,851 + 6.0% 498 575 + 15.5%



July 2010



1,311

700

1,833

1,371

1,744

1,280

822

2,049

1,427

1,848


- 2.4% + 17.4% + 11.8% + 4.1% + 6.0%



8/9

Percent of List Price Received Last Twelve Months


through July

2009

August 2009

through July

2010

Change

August 2008

through July

2009

August 2009

through July

2010

Change

August 2008

through July

2009

August 2009

through July

2010

Change

Under $75,000 84.8% 85.2% + 0.4% 84.7% 85.1% + 0.4% 86.8% 87.0% + 0.1%

$75,000 to $100,000 91.4% 92.5% + 1.2% 91.1% 92.6% + 1.6% 93.6% 92.4% - 1.3%$100,001 to $150,000 93.7% 94.1% + 0.5% 93.7% 94.1% + 0.4% 93.3% 94.5% + 1.3%

$150,001 to $200,000 93.8% 93.7% - 0.1% 93.8% 93.7% - 0.1% 93.5% 93.6% + 0.1%

$200,001 and above 92.7% 91.6% - 1.2% 92.6% 91.7% - 0.9% 94.7% 89.0% - 5.9%

All Price Ranges 91.6% 91.8% + 0.1% 92.9% 92.1% - 0.8% 91.5% 91.8% + 0.2%





84.8%

91.4%

93.7% 93.8%

92.7%

85.2%

92.5%

94.1%93.7%

91.6%


+ 0.4% + 1.2% + 0.5% - 0.1% - 1.2%



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Days on Market Until Sale Last Twelve Months


through July

2009

August 2009

through July

2010

Change

August 2008

through July

2009

August 2009

through July

2010

Change

August 2008

through July

2009

August 2009

through July

2010

Change

Under $75,000 80 86 + 6.9% 80 85 + 6.8% 88 94 + 7.4%

$75,000 to $100,000 94 92 - 2.8% 94 90 - 4.3% 98 103 + 6.0%

$100,001 to $150,000 94 91 - 2.5% 92 89 - 3.1% 109 111 + 1.4%

$150,001 to $200,000 104 109 + 4.8% 102 106 + 4.3% 142 156 + 10.2%

$200,001 and above 117 130 + 10.7% 115 126 + 9.8% 171 194 + 13.5%

All Price Ranges 99 103 + 4.3% 98 101 + 3.7% 120 130 + 8.0%



July 2010



80

94 94

104

117

8692 91

109

130


+ 6.9% - 2.8% - 2.5% + 4.8% + 10.7%


greater greenville, south carolina mls housing outlook

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