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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

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. 
 
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....
 
  • 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.
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

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

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