Research performed by
Grand Strand Market Report July 2016 Single Family Residential sales activity remained strong with year-to-date sales up
4.7%. The median price of resales is up 5.1% for the month and 3.3% year-to-date.
Condo sales are up 3.1% while prices rise 0.9%. Residential lot sales take a hit,
down 33.7% compared to July 2015 and 12.2% for the year.
SFR sales volume remained strong in July – despite dropping 6.3% compared to July 2015. Year-to-date, SFR sales are up 4.7% compared to 2015. Median sales price increased to $210,000, up 5.1% for the month, and up 3.3% in 2016. When compared to July 2015, sales prices for new construction have dropped 2.7% while sales prices for resales are up 12.7%. Year-to-date, the median sales price for new construction has dropped 2.1% with resales up 8.2%. The average sold-to-list ratio for Single Family Residential sales in July was 96%, flat compared to the same month in 2015.
After five consecutive months of growth, condo sales have begun slow as the peak summer months begin to wind down. However, condo sales are still up 3.1% compared to July 2015 and up 6.7% year-to-date compared to 2015. Condo inventory increased 0.4% in July. Median sales price increased 0.9% to $121,000 in July and maintained its growth at 1.7% for the year. The average sold to list ratio for condo sales in July was 92%, the same level compared to the same month in 2015.
Residential lot sales were down 33.7% in July compared to 2015 and are down 12.2% year-to-date. Median sales price saw an increase of 35.7% for the month compared to 2015 while the year-to-date sales price dipped 1%. Sold to list ratios are up 100 basis points across the board.
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
$210,000 $121,000 $58,000
2 Research performed by
Contents
Active Inventory 3
Inventory Trends – SFR & Condo 4
Closed Sales – SFR 5
Median Sales Price – SFR 6
Sold to List Price Ratio – SFR 7
New Construction vs Resale – SFR
% of Total Sales 8
Median Sales Price 9
Closed Sales – Condo 10
Median Sales Price – Condo 11
Sold to List Price Ratio – Condo 11
Closed Sales – Residential Lot 12
Median Sales Price – Residential Lot 13
Sold to List Price Ratio – Residential Lot 13
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3 Research performed by
Grand Strand Active Inventory Single Family Residential Distribution by Price Range
Condo/Townhome Distribution by Price Range
Residential Lot Distribution by Price Range
Horry Co. G’town Co.
Less than $150k 723 70
$150k - $250k 1,730 117 $250k - $500k 1,576 325
$500k - $1.0 MM 384 150
$1 MM + 114 98
# Listings
Horry Co. 4,527 Georgetown 760
Total 5,287
Average List Price 352,340 Median List Price 250,000
Horry Co. G’town Co.
Less than $100k 942 29 $100k - $150k 921 86
$150k - $200k 592 64 $200k - $400k 975 101
$400k - $750k 172 90
$750k + 28 21
# Listings
Horry Co. 3,630
Georgetown 391
Total 4,021 Average List Price 199,293
Median List Price 154,900
Horry Co. G’town Co.
Less than $25k 238 66
$25k - $50k 417 89
$50k - $75k 231 62 $75k - $100k 144 76
$100k - $175k 188 135 $175k - 250k 113 85
$250k + 116 144
# Listings
Horry Co. 1,447
Georgetown 657
Total 2,104
Average List Price 138,036
Median List Price 69,900
4 Research performed by
Grand Strand Inventory Trends SFR Inventory - July
Historical Data
Condo Inventory – July
Historical Data
May-105,453
Dec-114,340
Jul-165,287
4,0004,2004,4004,6004,8005,0005,2005,4005,6005,800
May
-10
Au
g-1
0
No
v-1
0
Feb
-11
May
-11
Au
g-1
1
No
v-1
1
Feb
-12
May
-12
Au
g-1
2
No
v-1
2
Feb
-13
May
-13
Au
g-1
3
No
v-1
3
Feb
-14
May
-14
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
4,509
4,1674,256
4,004 4,021
2012 2013 2014 2015 2016
Jun-105,748
Dec-133,930
Jul-164,021
3,500
4,000
4,500
5,000
5,500
6,000
May
-10
Au
g-1
0
No
v-1
0
Feb
-11
May
-11
Au
g-1
1
No
v-1
1
Feb
-12
May
-12
Au
g-1
2
No
v-1
2
Feb
-13
May
-13
Au
g-1
3
No
v-1
3
Feb
-14
May
-14
Au
g-1
4
No
v-1
4
Feb
-15
May
-15
Au
g-1
5
No
v-1
5
Feb
-16
May
-16
4,7354,950
5,3465,485
5,287
2012 2013 2014 2015 2016
5 Research performed by
Closed Sales – SFR July Year to Date
Historical Data
Year Over Year
536
657615
2014 2015 2016
3,275
3,952 4,138
2014 2015 2016
Jan-09149
Jun-15756
Jul-16615
100
200
300
400
500
600
700
800
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Sep
-13
Jan
-14
May
-14
Sep
-14
Jan
-15
May
-15
Sep
-15
Jan
-16
May
-16
0
200
400
600
800
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2016
6 Research performed by
Median Sales Price – SFR
July Year to Date
Historical Data
$194,500
$199,800
$210,000
2014 2015 2016
$189,900
$199,000
$205,471
2014 2015 2016
Jun-06$242,310
Sep-12$160,163
Jul-16$210,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
$220,000
$230,000
$240,000
$250,000
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Sep
-13
Jan
-14
May
-14
Sep
-14
Jan
-15
May
-15
Sep
-15
Jan
-16
May
-16
7 Research performed by
Sold to List Price Ratio – SFR
July Year to Date
Historical Data
97%
95%
96%
2014 2015 2016
96%
95% 95%
2014 2015 2016
Jan-0698%
July-09 & Apr-1186%
Jul-1696%
80
82
84
86
88
90
92
94
96
98
100
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Sep
-13
Jan
-14
May
-14
Sep
-14
Jan
-15
May
-15
Sep
-15
Jan
-16
May
-16
8 Research performed by
New Construction vs Resale – SFR % of Total Sales
July Year to Date
Historical Data – % of Total Sales
32% 34% 35%
68% 66% 65%
2014 2015 2016
New Construction Resale
35% 33% 30%
65% 67% 70%
2014 2015 2016
New Construction Resale
Apr-1322%
Jun-1336%
Dec-1336%
Jul-1630%
Apr-1378%
Jun-1364%
Dec-1364%
Jul-1670%
0
100
200
300
400
500
600
700
800
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
Sep
-11
No
v-1
1
Jan
-12
Mar
-12
May
-12
Jul-
12
Sep
-12
No
v-1
2
Jan
-13
Mar
-13
May
-13
Jul-
13
Sep
-13
No
v-1
3
Jan
-14
Mar
-14
May
-14
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
Total SFR Sales % New Construction % Resale
9 Research performed by
New Construction vs Resale – SFR Median Sales Price
July Year to Date
Historical Data – Median Sales Price
$224,315 $230,877 $226,132
$170,000 $179,800$194,500
2014 2015 2016
New Construction Resale
$221,864 $221,175 $215,138
$173,950 $184,950$208,500
2014 2015 2016
New Construction Resale
Aug-12$183,320
Mar-14$249,440 Jul-16
$215,138
Nov-11$145,000
Aug-14$184,900
Jul-16$208,500
$120,000
$140,000
$160,000
$180,000
$200,000
$220,000
$240,000
$260,000
Sep
-11
No
v-1
1
Jan
-12
Mar
-12
May
-12
Jul-
12
Sep
-12
No
v-1
2
Jan
-13
Mar
-13
May
-13
Jul-
13
Sep
-13
No
v-1
3
Jan
-14
Mar
-14
May
-14
Jul-
14
Sep
-14
No
v-1
4
Jan
-15
Mar
-15
May
-15
Jul-
15
Sep
-15
No
v-1
5
Jan
-16
Mar
-16
May
-16
Jul-
16
New Construction Resale
10 Research performed by
Closed Sales – Condo
July Year to Date
Historical Data
Year Over Year
387
381
393
2014 2015 2016
2,437
2,706
2,887
2014 2015 2016
May-06845
Jan-09117
Jul-16393
100
200
300
400
500
600
700
800
900
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Sep
-13
Jan
-14
May
-14
Sep
-14
Jan
-15
May
-15
Sep
-15
Jan
-16
May
-16
0
100
200
300
400
500
600
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2016
11 Research performed by
Median Sales Price – Condo
July Year to Date
Historical Data
Sold to List Price Ratio – Condo
July Year to Date
Historical Data
$106,850
$119,900 $121,000
2014 2015 2016
$110,000
$115,000 $117,000
2014 2015 2016
91%
92% 92%
2014 2015 2016
91%
92% 92%
2014 2015 2016
Mar-06& Apr-06
98%
Apr-09 & July-0981%
Jul-1692%
75
80
85
90
95
100
Jan
-06
Jun
-06
No
v-0
6
Ap
r-0
7
Sep
-07
Feb
-08
Jul-
08
Dec
-08
May
-09
Oct
-09
Mar
-10
Au
g-1
0
Jan
-11
Jun
-11
No
v-1
1
Ap
r-1
2
Sep
-12
Feb
-13
Jul-
13
Dec
-13
May
-14
Oct
-14
Mar
-15
Au
g-1
5
Jan
-16
Jun
-16
Jun-07$249,921
Nov-11$93,450
Jul-16$121,000
$50,000
$100,000
$150,000
$200,000
$250,000
Jan
-06
Jun
-06
No
v-0
6
Ap
r-0
7
Sep
-07
Feb
-08
Jul-
08
Dec
-08
May
-09
Oct
-09
Mar
-10
Au
g-1
0
Jan
-11
Jun
-11
No
v-1
1
Ap
r-1
2
Sep
-12
Feb
-13
Jul-
13
Dec
-13
May
-14
Oct
-14
Mar
-15
Au
g-1
5
Jan
-16
Jun
-16
12 Research performed by
Closed Sales – Residential Lot
July Year to Date
Historical Data
Year Over Year
0
50
100
150
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2015 2016
8692
61
2014 2015 2016
594
632
555
2014 2015 2016
Apr-06266
Jan-0911
Jul-1661
0
50
100
150
200
250
300
Jan
-06
May
-06
Sep
-06
Jan
-07
May
-07
Sep
-07
Jan
-08
May
-08
Sep
-08
Jan
-09
May
-09
Sep
-09
Jan
-10
May
-10
Sep
-10
Jan
-11
May
-11
Sep
-11
Jan
-12
May
-12
Sep
-12
Jan
-13
May
-13
Sep
-13
Jan
-14
May
-14
Sep
-14
Jan
-15
May
-15
Sep
-15
Jan
-16
May
-16
13 Research performed by
Median Sales Price – Residential Lot
July Year to Date
Historical Data
Sold to List Price Ratio – Residential Lot
July Year to Date
Historical Data
$44,000 $42,750 $58,000
2014 2015 2016
$52,000
$48,000 $47,500
2014 2015 2016
Aug-06$130,000
Nov-11$15,000
Jul-16$58,000
$0
$50,000
$100,000
$150,000
Jan
-06
Jun
-06
No
v-0
6
Ap
r-0
7
Sep
-07
Feb
-08
Jul-
08
Dec
-08
May
-09
Oct
-09
Mar
-10
Au
g-1
0
Jan
-11
Jun
-11
No
v-1
1
Ap
r-1
2
Sep
-12
Feb
-13
Jul-
13
Dec
-13
May
-14
Oct
-14
Mar
-15
Au
g-1
5
Jan
-16
Jun
-16
79%
83%84%
2014 2015 2016
82% 82%
83%
2014 2015 2016
Apr-0699%
Nov-1147%
Jul-1684%
40
60
80
100
120
Jan
-06
Jun
-06
No
v-0
6
Ap
r-0
7
Sep
-07
Feb
-08
Jul-
08
Dec
-08
May
-09
Oct
-09
Mar
-10
Au
g-1
0
Jan
-11
Jun
-11
No
v-1
1
Ap
r-1
2
Sep
-12
Feb
-13
Jul-
13
Dec
-13
May
-14
Oct
-14
Mar
-15
Au
g-1
5
Jan
-16
Jun
-16
