Market Summary Thru December 31, 2011
|
Market Statistic
|
November 2011
|
December 2011
|
Trend
|
| Median Price of Homes Sold |
$120,500
|
$137,000
|
+
|
|
Average Price of Home Sold
|
$123,159
|
$135,199
|
+
|
|
Least Expensive Home Sold
|
$4,750
|
$5,200
|
+
|
|
Most Expensive Home Sold
|
$515,000
|
$450,000
|
-
|
|
Price/ Sq. Ft.
|
$62.97
|
$68.92
|
+
|
|
Average Days of Market (DOM)
|
137
|
179
|
+
|
|
Total Active Inventory
|
1245
|
1156
|
-
|
|
Median Home Size
|
1698
|
1755
|
+
|
|
Median Number of Bedrooms
|
3
|
3
|
|
|
Median Number of Bathrooms
|
2
|
2
|
|
The number of homes sold in the month of December increased slightly to 67. December sales showed an increase over October and November and and increase year to year over December 2010 61 units sold. The increase in the sales in November and December brought the Year to Date 2011 Units Sold at 822 just short of the 2010 Year To Date Units Sold at 829.
Second the Median and Average home price in Sumter was up in comparison to prior months. This increase in the median and average home price is followed by the Average $ per Square Foot in the Sumter Real Estate Market. While we saw many lower priced or investment properties sold in the prior months, the increase in the Median home price, Average home price and the Average $ per Square Foot indicate that more owner occupants are purchasing homes.
The Average $ per Square Foot increased in December. October and November were below the year, but December Average $ per Square Foot indicates a shift back to owner occupants vs investors in purchasing in the Sumter, South Carolina real estate market.
The charts for the month are below. Looking at them, I feel the truly fall in line with what we have seen in the past years. The real estate market hasn't take a turn for the worse, it is just a different group of buyers out there purchasing their homes and starting their piece of the American Dream. January is starting out to be a good month and may start to show us that 2012 may be a turn around year for Sumter real estate.
Homes Sold in Sumter County, South Carolina by Month
Homes Sold in Sumter County, South Carolina Year to Date Since 2006
Average Days on Market in Sumter Until Sold
Sumter New Listing for Residential Property By Month
Sumter New Listing for Residential Property By Year To Date
Sumter Active Listing for Residential Property
Median Home Price for the Sumter Residential Home Sales
Sumter County South Carolina Price Per Square Foot
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 January 2012
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