February 2011 Sumter Real Estate Market Report

Posted By Kim PeasleyParker @ Mar 11th 2011 11:30am In: Sumter Real Estate Monthly Report

 
Market Summary Thru February 28, 2011      
 

Market Statistic

January 2011

February 2011 

Trend

Median Price of Homes Sold

$120,306

$126,500

+

Average Price of Home Sold

$133,783

 $135,104

+

Least Expensive Home Sold

$19,900

$8,000

-

Most Expensive Home Sold    

$318,000

$353,000

+

Price/ Sq. Ft.

$74.95

 $70.72

-

Average Days of Market (DOM)

150

 157

+

Total Active Inventory

1356

 1382

+

Median Home Size

1620

 1629

+

Median Number of Bedrooms

3

3

 

Median Number of Bathrooms

2

2

    

 

February 2011 showed a pick up in sales in the Sumter Real Estate Market.  February 2011 showed higher number of residential homes sold in Sumter over 2009 and 2010.  The news we are hearing that it is about 60% of the Third Army purchasing in Sumter and 40% will be looking to rent.  This is good news as earlier reports had indicated the majority of the the Third Army would be renting rather than purchasing.    
 
Sumter Home Sales February 2011 Units Solds
Year to Date closings are still low due to a very slow start in January.  
 
Sumter Homes Sold Year To Date February 2011
 
Days on Market for Sumter County, South Carolina increased to 157, but we are seeing consistency in the 150 range.   
 
Sumter Home Sales Days on Market February 2011
 
Listings per month increased from 147 in January to 161 in February.  I expect to see these numbers increase as the spring PCS season kicks into full swing.  
Sumter Home Sale Listings Per Month February 2011
 
The Year to Date Listings is between 2009 and 2010 levels.  I expect to see those numbers stay in that range.
 
Sumter Home Sales Year TO Date Listings Feb 2011   
 
After seeing a dip in the Active Listings in Sumter Residential Real Estate Homes for Sale in December, we saw the number increase in January.  This number will hold steady if the current number of new listings continues to come on the market.  I expect it to remain the same as we see listings being sold and rented.
Sumter Homes Sales Active Listings Feb 2011
 
The median home price increased from $120,306 in January to $126,500 in February.  
Sumter Home Sales Median Home Price Feb 2011
 
The average $ per square foot decreased in January to $70.72.
 
Sumter Home Sales Average Price per square foot feb 2011
 
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 March 2011
 

 


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Comments (1)

Liz Loadholt says...
on 04/10/11

I find this information very informative -- a great market condition report.

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