Sumter SC real estate listings and homes for sale, home buying, home selling information – Kim Peasley-Parker, AgentOwned Realty Preferred Group

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April 2010 Real Estate Market Report Sumter, SC

May 17th, 2010 12:33 PM

Market Summary Thru April 30, 2010

Market Statistic	March 2010	April 2010	Trend
Median Price of Homes Sold	$147,500	$129,950	-
Average Price of Home Sold	$162,020	$123,358	-
Least Expensive Home Sold	$7,000	$10,500	+
Most Expensive Home Sold	$615,000	$335,000	-
Price/ Sq. Ft.	$74.96	$71.22	-
Average Days of Market (DOM)	148	145	-
Total Active Inventory	1445	1444	-
Median Home Size	1751	1606	-
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

April brought a flurry of buyer activity into the Sumter Market. The good news is for many potential home buyers the tax credit may not have ended on April 30th! If a buyer is military or a Federal Government employee who was out of the country for part of 2008 or 2009, they have up to April 2011 to use the tax credit!!!! Since many Air Force and Army personnel fit this category, they may still be able to use the tax credit to purchase a home!

In April Sumter county had 86 untis close, an 8.8% increase over March 2010. Since properties had to be under contract by April 30th, there was a scramble to put properties under contract at the end of the month. This should result in an increase in the number of properties that close in May and June.

The year to date closings in Sumter County is slightly above the 2009 numbers. I expect to see the year to date number gain in May, but after May, we will have to watch and wait due to the tax credit ending for many.

Days on Market for Sumter County, South Carolina decreased from 148 in March to 139 in April. The decrease in days on market and the number of units sold resulted in the average days on market for 2010 decreasing to 145 for the year to date.

Listings per month decreased slightly from 198 in March to 190 in April. April has been up and down over March for listings for the past three years so there is no definate trend as to the number of listings. However, the listings in May have increased over the past four years so I would expect to see the same trend.

Listings year to date are ahead of 2009. As we see the units sold increase, we are seeing the listings increase keeping us in a buyers market but not as strong as other areas of the country have been.

The total number of listings available decreased from March to April. Considering the trend of the increase in listings in May, I would expect to see the number of active listings increase in May and June.

The median home price decreased from March to April, this decrease was a result of the properties that were sold. In March a property sold for $615,000 and the high for April was $335,000, which is closer to normal for Sumter County. This lead to a more normal median home price in April. Along with the median home price being lower in April, the average home price, $ per square foot and median home square footage decreased. These statistics show a very strong tendancy to move together.

The average $ per square foot decreased in April. We see a tendency for this to follow along with the median and average price of the homes for the month.

As I recommend every month, please consult a local Realtor^®about the local market. Every real estate market is local. There is no National rules that every market in the United States follows when it comes to the ups and downs. Sumter county is much different than Atlanta, Las Vegas, San Antonio or Florida.

I hope you find this real estate market report for Sumter County, SC informative. If you have any suggestions or questions, please email me at kim@agentownedrealty.com and I will help you in any way possible.

Kim Peasley-Parker

Realtors^®/Shareholder

AgentOwned Realty,

Heritage Group, Inc.

Sumter, SC

Cell 803-840-7519

Serving all of Sumter County including Sumter, Dalzell, and Shaw Air Force Base area

Posted by Kim Peasley-Parker on May 17th, 2010 12:33 PMPost a Comment (0)

February 2010 Sumter, SC Market Update

March 11th, 2010 2:17 PM

Market Summary Thru February 28, 2010

Market Statistic	January 2010	February 2010	Trend
Median Price of Homes Sold	$120,964	$134,250	+
Average Price of Home Sold	$112,754	$136,318	+
Least Expensive Home Sold	$7,350	$15,000	+
Most Expensive Home Sold	$240,000	$349,000	+
Price/ Sq. Ft.	$66.88	$74.22	+
Average Days of Market (DOM)	128	168	+
Total Active Inventory	1351	1370	+
Median Home Size	1532	1686	+
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

February 2010 in Sumter county had 54 units closed. This is up from January. Looking are prior years it is normal to see an increase in units sold between January and February. Buyers are still very active in Sumter County. Many agents are experiencing more and more business. The number of units pending increased from 127 in January to 167 at the end of February. This is a good indication we will see more closings March and April.

Sumter County normally has slower months in the winter that ramp up during the summer. 2010 is proving to follow along with prior years trends. Sumter is following closely to 2009 data so it will be interesting to see if we surpass 2009 or stay at the same levels. Indications on other charts are showing that we may indeed surpass 2009 levels in the coming months.

The days on market decreased in February increased to 168 up from 128 in January. This indicator alone is not a good sign, but the days on market is for only the homes that were closed during the month of February. Meaning homes that had been on the market longer actually were sold.

The number of new listings in Sumter county for February fell from 179 in January to 156. Many sellers have put their homes on the market earlier realizing the days on market are increasing. Also many buyers come from out of town and start searching the internet for homes, long before their arrival. As the weather warms and more sellers are able to prepare their homes for sale, I will expect to see the number of listings increase until mid summer.

As I said last month, the year to date listings is not showing us much other than we are ahead of 2009 for the number of new listings thus far.

The total number of listings available increased from January to February. Given a smaller number of closings during January and an increase in the number of new listings, this increase is expected. Also new listings outpaced the sales in February increasing the number of new listings.

The median home price increased in Sumter during February. The current price of $134,250 reflects the mix of homes being sold in Sumter county. Along with the median home price being higher in February, the average home price, $ per square foot and median home square footage increased. These statistics show a very strong tendancy to move together.

The average price per sq. foot increased in February. February showed a more normal mix of homes with upgrades being closed over December and January.

Kim Peasley-Parker

Realtors^®/Shareholder

AgentOwned Realty,

Heritage Group, Inc.

Sumter, SC

Cell 803-840-7519

Serving all of Sumter County including Sumter, Dalzell, and Shaw Air Force Base area

Posted by Kim Peasley-Parker on March 11th, 2010 2:17 PMPost a Comment (0)

Sumter, SC Market Update January 2010

February 10th, 2010 12:30 PM

Market Summary Thru January 31, 2010

Market Statistic

December 2009

January 2010

Trend

Median Price of Homes Sold
$122,500

$120,964

-

Average Price of Home Sold

$124,936

$112,754

-

Least Expensive Home Sold

$10,000

$7,350

-

Most Expensive Home Sold

$249,900

$240,000

-

Price/ Sq. Ft.

$70.74

$66.88

-

Average Days of Market (DOM)

148

128

-

Total Active Inventory

1256

1351

+

Median Home Size

1571

1532

-

Median Number of Bedrooms

3

3

Median Number of Bathrooms

2

2

Sumter county in December 2009 had 45 units closed. This is down from November and December, but considering the time of year and holidays, this is not unusual. Buyers continue to be active in Sumter County. The number of units pending increased from 98 in December to 127 at the end of January. With this number we should see more closings in the coming months.

While Sumter is getting off to a slow start in 2010, if you look at the Monthly Units Sold January is normally a slower month in this market (going back to 2008). We see the units increase in February and continue through October. Remember Sumter county did see an increase in closing October, November and December 2009, over the same months in 2008. The jury is still out if we are seeing a turn around in the market. We cannot base the prediction on one bad month or several good months.

The days on market decreased in January to 128 down from 148 in December. While this is a good indicator for the market, the number of units closed was down, leaving the question open for a turn in the market.

The number of new listings Sumter county was up to 179 in Janurary 2010. January is a very popular for sellers to place their homes on the market as their PCS orders are coming up for the summer and also Sumter sees an increase in the number of buyers moving into the area during the summer months.

The year to date listings really is not telling us a lot at this point in the year, but might shed more light on the market after a few months.

The total number of listings available increased from December to January. Given a smaller number of closings during January and an increase in the number of new listings, this increase is expected.

The median home price decreased in Sumter. The current price of $120,964 is an indication of the homes being sold. Along with the median home price being lower in January, the average home price, $ per square foot and median home square footage also decreased. These statistics show a very strong tendancy to move together.

The average price per sq. foot decreased in January. This is no surprise given the median home price, average home price and square footage also decreased. December showed smaller homes with fewer upgrades being closed.

Kim Peasley-Parker

Realtors^®/Shareholder

AgentOwned Realty,

Heritage Group, Inc.

Sumter, SC

Cell 803-840-7519

Serving all of Sumter County including Sumter, Dalzell, and Shaw Air Force Base area

Posted by Kim Peasley-Parker on February 10th, 2010 12:30 PMPost a Comment (0)

Just Listed! 3660 Drayton Drive Dalzell, SC 29040

January 25th, 2010 3:27 PM

$136,500.00
3660 Drayton Drive

Dalzell, SC 29040

Beds: 3	Rooms: 9
Full Baths: 2	Sq. Ft.: 1407
Garage: 2	Built: 2010

New Construction in Rolling Hills by Altman Construction

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Kim Peasley-Parker
Kim Peasley-Parker, AgentOwned Realty, Preferred Group
8038407519
www.sumterhomepros.com

Visit this listing here

Posted by Kim Peasley-Parker on January 25th, 2010 3:27 PMPost a Comment (0)

Just Listed! 633 Brushwood Sumter, SC 29154

January 25th, 2010 3:12 PM

$119,900.00
633 Brushwood

Sumter, SC 29154

Beds: 3	Rooms: 8
Full Baths: 2	Sq. Ft.: 1288
Garage: 1	Built: 2004

Well Maintained Duplex close to Shaw and Sumter

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

Visit this listing here

Posted by Kim Peasley-Parker on January 25th, 2010 3:12 PMPost a Comment (0)

Just Listed! 435 Innisbrook Sumter, SC 29154

January 25th, 2010 2:35 PM

$209,900.00
435 Innisbrook

Sumter, SC 29154

Beds: 3	Rooms: 0
Full Baths: 2	Sq. Ft.: 1920
Garage: 2	Built: 2010

Beautiful Lot on Pond and Golf Course

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

Visit this listing here

Posted by Kim Peasley-Parker on January 25th, 2010 2:35 PMPost a Comment (0)

Just Listed! 2 Warren Court Sumter, SC 29150

July 26th, 2009 3:05 PM

$188,500.00
2 Warren Court

Sumter, SC 29150

Beds: 4.0	Rooms: 12
Baths: 5.00	Sq. Ft.: 2736.00
Garage: 1.0	Built: 1935

Historic District Home close to Downtown

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

Visit this listing at Here

Posted by Kim Peasley-Parker on July 26th, 2009 3:05 PMPost a Comment (0)

Sumter, South Carolina Real Estate Market Update May 2009

June 12th, 2009 1:52 PM

Wow, another month has gone by in the real estate market. Overall, we hear news that the markets are improving throughout many parts of the county and that is great news for many people especially sellers. And yes, I do mean real estate markets. Every state, county, town and subdivision is different so each is a market!

Buyers, now is the time to make the commitment and get off the fence. Uhm, aren't you getting sore from sitting on it for so long anyway? There is only 5 1/2 months left in the $8000 first time home buyers tax credit programs. Yeah, five months might seem like a long time, but remember plan for at least 30 days minimum to get your home closed and that is after locating one. As for the interest rate fluctuations, they are still great!!!! They may not be as low as they were a couple of months ago, but they are still historically low!

My market report this month is in transition. Please bear with me as I have added some charts and information. I am still working on the formats and working out the details but I wanted to get this information into a post so come back next month and I will hopefully have more bugs worked out in the formats.

As part of the new information, I have added the Monthly Median Sale Price and also Monthly Average $/Square Foot. These charts proved to be interesting. If you look at the data, you can see a direct relationship between the median sale price and $/square foot in January. The median sale price and average $/square foot dipped in January. We saw smaller, less expensive homes being sold and driving down both numbers. As we watch these charts over the next couple of months, I think we will see they continue to follow the same movements.

Days on Market is very important for sellers in planning moves. The Days on Market has increased over the past couple of years and continues fluctuate month to month. I do not see the days on market decreasing anytime in the near future for Sumter. It will be a gradual change as the number of listings decrease and the number of buyers increases.

In May there were a total of 153 new listings up from 151 in April. The new listings contributed to an overall increase in the number of active listing of 1363 at the end of May. This information was just added and will be continued on a monthly basis.

The number of units sold in May was 69 down from 72 in April and equal to the 69 units sold in March. June and July are traditionally the strongest selling months in Sumter County so we should expect to see these numbers increase the next two months.

I have added new charts this month and eliminated some other charts, but I hope you find the additions helpful. I am still working on tweaking the new charts and information so please bear with me on the changes. Hope to see you next month!

Posted by Kim Peasley-Parker on June 12th, 2009 1:52 PMPost a Comment (0)

Are Homes Selling in Sumter? Yes!!!!!! Part 4

June 2nd, 2009 7:10 AM

This is the post 4 of a series of posts about selling your home.

What does it take to sell your home in Sumter? This is a question that I often hear. I like any other agent have had some homes linger on the market to suddenly sell. I have also had homes sell very quickly. The properties that sell have several common threads among them... You have probably heard this before if you have listed a home, watched the shows on tv or read on the internet, but here goes....

What is the properties curb appeal? What makes the potential buyer want to view your home? I was in a closing and the buyers told me they had been watching the home on the internet for 5 months waiting for their time in their current living quarters to pass. What attracted them to the home? First the yard and the outside of the home. The home was a different brick than most homes in the area and it was very eye catching for them. The yard was also landscaped and inviting. What does your property say to potential buyers? No landscaping? Bad landscaping? Is the landscaping maintained? If the first impression of your yard is negative, you can easily set a negative tone for the entire home. The next time you drive up to your house, seriously look at the exterior of your property and think about what a buyer sees.

I hope you have enjoyed this information and the series of posts about selling your home. For a free consultation or for more information, please contact me at 803-840-7519. I can also provide a free Competitive Market Analysis for pricing information on your house.

Kim Peasley-Parker

Realtor^®/Shareholder

AgentOwned Realty

Heritage Group, Inc.

Cell 803-840-7519

Fax 853-725-6506

www.SumterHomePros.com

Posted by Kim Peasley-Parker on June 2nd, 2009 7:10 AMPost a Comment (0)

Are Homes Selling in Sumter? Yes!!!!!! Part 3

June 2nd, 2009 7:09 AM

This is the post 3 of a series of posts about selling your home.

Clean, clean, clean Yes, you will have to keep the house spic and span at all times. I know this is hard, but remember the goal is now to make someone else want to buy your home! How clean is clean enough? This is tough, everyone's definition of clean is different. Given that, how clean is clean enough. Clean until there is nothing else left to clean. Not only do you need to clean the floors, walls, trim, appliances, inside of cabinets, closets and anything pertaining to the structure. You also need to make sure your furnishings are clean and everything else in the house is also clean. Scratched up coffee table? Use something to cover the scratches! Worn out chair? Remove it or cover it with a slip cover. Why you might ask? These are personal possessions that will be moving with me? These items lead to the overall impression of the home. If you have a filthy living room suite, is the house really all that clean? It is the little things that make the difference in the feel of if a home is clean or not so clean... And please look up at the ceiling and remember to change the filter for the heat and air.

Kim Peasley-Parker

Realtor^®/Shareholder

AgentOwned Realty

Heritage Group, Inc.

Cell 803-840-7519

Fax 853-725-6506

www.SumterHomePros.com

Posted by Kim Peasley-Parker on June 2nd, 2009 7:09 AMPost a Comment (0)