August 2011 Sumter Residential Real Estate Market Report

Posted By Kim PeasleyParker @ Sep 7th 2011 2:20pm In: Sumter Real Estate Monthly Report

 
Market Summary Thru August 31, 2011      
 

Market Statistic

July 2011

August 2011 

Trend

Median Price of Homes Sold

$140,417

$144,000

+

Average Price of Home Sold

$154,156

 $142,616

-

Least Expensive Home Sold

$15,000

$6,000

-

Most Expensive Home Sold    

$357,000

$308,000

-

Price/ Sq. Ft.

$76.82

 $76.36

-

Average Days of Market (DOM)

141

 163

+

Total Active Inventory

1341

 1339

-

Median Home Size

1808

 1751

-

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

    

 

In Sumter, South Carolina real estate we saw home sales fall from 88 properties in July to 76 in August 2011.  The number of properties pending in Sumter was lower at the end of July vs June and the decrease in closings was expected based upon those numbers.  The number of homes under contract or pending at the end of August was down from the July numbers, so I would expect to see the number of closed units for September to be less than August.   


Sumter Properties Sold August 2011

 

The total number of residential properties closed in Sumter Year to Date for 2011 is less than the Year to Date numbers for 2011.  This gap is 33 properties which averages out to about 4 properties per month.
 
Sumter Residential Sold
 
Days on Market in the residential market in Sumter real estate jumped to 166 days.  This number is based on the properties sold in Sumter county so while it is increased, this means some of the older inventory has sold.   
 
Sumter Real Estate Days on Market
 
New Listings increased to 166 properties that were listed or put on the market for sale in August 2011.

Sumter Listings Per Month  

 
Year to Date Listings for 2011 is still lower than 2010 Year to Date Listing for August and also less than 2009 Year to Date Listings during the same time period.  
 
Sumter Year To Date Listings    
 
The number of active listings decreased to 1339 residential properties being actively marketed for sale in Sumter.  

Homes for Sale Sumter

 
The Median home price in Sumter increased to $144,000.  The median home price in Sumter County has remained in the above $140,000 for the past three months.  This is almost a full $10,000 above the median home price a year ago.

Median Home Price Sumter

 
The average price per square foot in Sumter remained about $76 per square foot with a difference of less than $.50 per square foot.  This is a result of the mixture of homes being sold, but less lower cost homes being sold while the higher end of the real estate market for the Sumter area does continue to sell at a steadier pace.  
 
Price Per Square Foot Sumter 
 
As I recommend every month, please consult a local Realtor® about the local market.  Even though the Sumter Board of Realtors provides data, this data is very specific to Sumter County and residential home sales only.  I do not include other counties in our Board of Realtors nor do I include lots or land.
 
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
Realtor®/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

Your Relocation Contact for Sumter, Shaw, Air Force and 3rd Army

 
Copyright, Kim Peasley-Parker September 2011
 
 

 


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