About Sumter County, SC

Home Sales Data, August 16-31, 2009 Sumter, SC


This information was for residences; I did not include land or commercial properties. I looked only at Sumter and the surrounding area.

For the period August 16-31, 2009 there were 88 new listings posted. Lowest list price is $27,000 for a 64-year-old 900-square-foot privately owned bungalow with the possibility of owner financing. Highest list price is $408,000 for a 103-year-old home that was listed as on the market, pending and closed all on the same day. The sale price was $400,000.

Twenty one of the 88 new listings were listed at or below $100,000, 50 were listed for above $100,000 and below $200,000, 7 were listed for above $200,000 and below $300,000, 9 were listed for above $300,000 and below $400,000, and one was listed for above $400,000 and below $500,000. Nine of the new listings are new construction (a few of which have been on the market for upwards of a year). Seven of the new listings have already gone pending: one on the same day it was listed (a quick sale), one after one day on the market, one after 3 days, one after 8 days, two after 9 days on the market (one of them being an REO, or real-estate owned, e.g. bank-owned), and one after 17 days on the market. One new listing was withdrawn after being on the market 3 days and another was withdrawn after being on the market for 12 days; I have no idea why. One new listing went under contract after being on the market 12 days. Four of the new listings are duplexes.

Forty-eight properties sold (closed) during August 13-31, 2009. One was a condo/townhouse, one was a duplex, 13 were new construction, and three were REO properties.

Eleven of the properties sold were listed at or below $100,000. Average days on market was 124 (ranged from 9 to 317). Average list-to-sales price percentage was 88.44% (ranged from 57.84% to 101.88%).

Twenty-eight of the properties sold were listed above $100,000 and below $200,000. Average days on market was 151 (ranged from 23 to 392). Average list-to-sales price percentage was 97.68% (ranged from 82.28% to 107%).

Eight properties sold were listed above $200,000 and below $300,000. Average days on market was 164 (ranged from 53 to 431). Average list-to-sales price percentage was 96.01% (ranged from 83.61% to 101.41%).

The remaining listing was a pre-sold listed for $408,000 and sold for $400,000.

In contrast, for the same period a year ago (August 16-31, 2008), 65 properties were new listings. Lowest list price was a then 18-year-old bank-owned 1,081 square foot ranch-style house that originally listed for $46,000 and went through three price reductions before selling for $19,000 after being on the market for 157 days. Highest list price was $409,900 for a then two-year-old custom-built home in an upscale subdivision which was withdrawn after being on the market for 189 days. It has not gone back on the market since. Ten of the new listings have expired, 16 have been withdrawn, 10 are still active, one was deleted, and one has been rented rather than sold. Twelve of the new listings were new construction, and one was a duplex. Two were listed as bank-owned properties (REO) and one was listed as a short sale.

During August 16-31, 2008 50 properties sold (closed). Lowest list price was $25,000 for an at the time 25-year-old mobile home which sold for $22,500 cash after being on the market for 31 days. Highest list price was $589,900 for an at the time 3-year-old upscale home in a gated community that sold for $580,000 after being on the market for 239 days. One property was a condo, one was a duplex and ten were new construction.

Ten of the properties sold during that period were listed at or below $100,000. Average days on market was 89 (ranged from 28 to 163). Average list-to-sales price percentage was 93.03% (ranged from 67.57% to 100.91%).

Twenty-nine were listed above $100,000 and below $200,000. Average days on market was 159 (ranged from -5 -- a pre-sold, perhaps, but the entry date was wrong -- to 465). Average list-to-sales price was 98.35% (ranged from 91.48% to 103.09%).

Ten properties were listed above $200,000 and below $300,000. Average days on market was 176 (ranged from 38 to 638). Average list-to-sales price was 99.11% (ranged from 93.75% to 105.15%).

The remaining home was listed above $500,000 and below $600,000. It was the highest priced listing mentioned above. Listed for $589,900 it sold for $580,000 after being on the market for 239 days.

That's all for now. Almost time to do the next one.

(Based on information from the Sumter Board of Realtors®/MLS, September 12, 2009)

Real estate brokerage in Sumter SC is an AgentOwned Realty office located in an old warehouse with concrete ceilings. This has made an absolutely beautiful real estate office.

Kirk McLeod serves as COO of the Heritage Group of AgentOwned Realty as well as broker-in-charge of the Sumter real estate brokerage.

Kirk is very community minded --- he is very involved in the community recreation activities of the children --- he serves often as a coach. He is also very family oriented. Kirk has a lovely wife and 2 boys. Also, this real estate brokerage is quick to support many functions that support the community --- they are a big player in the Sumter Chamber of Commerce, also.

Using his coaching abilities, Kirk has coached his agent-owners right to the top of the Sumter MLS. Yes, AgentOwned Realty is # 1 in the Sumter MLS -- and this real estate brokerage has only been officially open just a little over a year. How have the agent-owners achieved this?
1) by offering outstanding service to their clients
2) being able to offer the "true one stop shop" to their customers & clients &
3) giving back to the community.

Sumter is a military town and the group of agent-owners at this real estate brokerage is very knowledgeable of the customs and requirements of the Air Force so that they can give that 100+% to their military families. Training of the agent-owners is very important --- not just the real estate side, but also of the needs of the Air Force families.

The real estate brokerage in Sumter, SC each offers training, free marketing, no monthly charge for E&O as well as "sister" companies so that the agent-owner can offer their clients true one stop shopping (real estate, mortgage, insurance,and business brokerage).

You may want to check out the below posts:

http://activerain.com/blogsview/1224919/real-estate-brokerage-summerville-sc

http://activerain.com/blogsview/1223666/real-estate-brokerage-charleston-sc

http://activerain.com/blogsview/1223650/real-estate-brokerage-goose-creek-and-summerville-sc

http://activerain.com/blogsview/1223624/real-estate-brokerage-isle-of-palms-sc

http://activerain.com/blogsview/1228332/real-estate-brokerage-north-charleston-sc

If you are over 60 years of age, please sign up for our new group:

The information above starts to show the picture of the Sumter, SC market, but it isn't a complete picture. The number of homes sold in Sumter during June 2009 was 85 and in July that number increased to 106. This is the first time since June 2008 that the number of units sold in a month has been over 100! Many Realtors^®, are seeing the increase in buyer traffic. Also note on the chart that year to year, the number of units sold in July 2009 compared to July 2008 was actually higher. This is the first time we have seen this in a chart since 2006 numbers over 2005!

Home Sales Data, August 1-15, 2009 Sumter, SC

This information was for residences; I did not include land or commercial properties. I looked only at Sumter and the surrounding area.

For the period August 1-15, 2009 there were 82 new listings posted. Lowest list price is $12,500 for a 59-year-old 780-square-foot privately owned bungalow that's being sold as-is and has the warning, "enter in back door at your own risk" included in the agent's remarks. Highest list price is $775,000 for an eleven-year-old executive home with 4,667 square feet, heart pine floors, a built-in gas grill and wiring for a home theater room. I hope the agent has an open house, I'll bet it's spiffy.

Thirty one of the 82 new listings were listed at or below $100,000, 38 were listed for above $100,000 and below $200,000, 9 were listed for above $200,000 and below $300,000, one was listed for above $300,000 and below $400,000, one was listed for above $400,000 and below $500,000, one was listed for above $600,000 and below $700,000, and one was listed above $700,000 and below $800,000. Sixteen of the new listings are new construction, two of which are pending (pre-solds), one closed (another pre-sold), and one under contract after one day on the market. Eight of the remaining new listings are pending, two closed (including one quick-sale), three are under contract (including another quick-sale), and one new listing was withdrawn after being on the market for 5 days, no idea why.

Thirty-nine properties sold (closed) during August 1-15, 2009. Four were duplexes and eight were new construction.

Eleven of the properties sold were listed at or below $100,000. Average days on market was 160 (ranged from 1 to 334). Average list-to-sales price percentage was 97.13% (ranged from 89.09% to 101.11%).

Twenty-two of the properties sold were listed above $100,000 and below $200,000. Average days on market was 247 (ranged from 2 to 647). Average list-to-sales price percentage was 97.66% (ranged from 88.53% to 101.34%).

The remaining 6 properties sold were listed above $200,000 and below $300,000. Average days on market was 164 (ranged from 33 to 417). Average list-to-sales price percentage was 97.95% (ranged from 93.77% to 102%).

In contrast, for the same period a year ago (August 1-15, 2008), 86 properties were new listings. Lowest list price was $25,000 for an at the time 62-year-old bank-owned bungalow which went through two price reductions before selling for $7,500 cash after being on the market for 74 days. Highest list price was $369,000 for a then 12-year-old custom-built home with lots of bells and whistles located in a golf community which was withdrawn after being on the market for 60 days. I've been inside this house; it's lovely. It hasn't sold, though, and the last time I was over that way (and was paying attention) it was still available as a FSBO. Thirteen of the new listings have expired, 28 have been withdrawn, five are still active (one of which was in the paper this morning as being foreclosed on) and two have been rented rather than sold. Seven of the new listings were new construction (one of which was one of our listings, withdrawn by the broker when it came to light that the fellow trying to sell it didn't actually own it and had given his address as a vacant lot in a nearby subdivision – real estate is fun), and there were two condos. Six were listed as bank-owned properties (REO) and three were listed as short sales.

During August 1-15, 2008 37 properties sold (closed). Lowest list price was $29,900 for an at the time 53-year-old bank-owned house which underwent eight price reductions before selling for $7,500 after being on the market for 156 days. Highest list price was $307,500 for an at the time 27-year-old home with lots of upgrades and an in ground pool; it sold for $277,000 after being on the market for 162 days.

Fourteen of the 37 properties sold during that period were listed at or below $100,000. Average days on market was 142 (ranged from 38 to 445). Average list-to-sales price percentage was 95.33% (ranged from 70.18% to 103.29%).

Twenty were listed above $100,000 and below $200,000. Average days on market was 142 (ranged from 32 to 373). Average list-to-sales price was 97.77% (ranged from 88.29% to 102.15%).

Two properties were listed above $200,000 and below $300,000. Average days on market was 34 (ranged from 18 to 50). Average list-to-sales price was 97.44% (ranged from 94.87% to 100%).

The remaining home was listed above $300,000 and below $400,000. It was the highest priced listing mentioned above. Listed for $307,500, it sold for $277,000 after being on the market for 162 days.

That's all for now.

(Based on information from the Sumter Board of Realtors®/MLS, August 21, 2009)

Sumter, SC Sales Data July 16-31, 2009

For the period July 16-31, 2009 there were 66 new listings posted. These were all residences; I did not include land or commercial properties. I looked only at Sumter and the surrounding area. The lowest list price is $12,000 for an 824 square foot 101-year-old privately owned home which the owner says "needs a lot of work." Seems they're actually selling the lot and the home is free. So to speak. The highest priced listing is $399,000 for a ten-year-old steel framed home on almost 1 1/2 acres with a three-car garage and three heat pumps. Seven of the new listings have already gone pending or are under contract; none of them are new construction. Of the remaining 57 new listings there were no duplexes, two are condos/townhouses, ten are new construction and two are REO (bank-owned).

Forty-eight properties sold (closed). Lowest list price $19,900 for a 70-year-old bank-owned home that sold for $15,000 cash after being on the market for 46 days. Highest list price was $449,900 for a five-year-old waterfront executive home with loads of upgrades that sold for $390,000 after being on the market for 77 days. None were duplexes, one was a condo, ten were new construction and four were REO (bank-owned), including the lowest-priced one.

Of the 48 that sold, 11 were listed at or below $100,000. Average days on market was 148 (ranged from 22 to 898). Average list-to-sales price percentage was 90.11% (ranged from 57.14% to 100%).

Thirty were listed above $100,000 and below $200,000. Average days on market was 149 (ranged from 32 to 404). Average list-to-sales price percentage was 98.53% (ranged from 90.74% to 103.81%).

Five were listed above $200,000 and below $300,000. Average days on market was 382 (ranged from 124 to 911 -- ouch). Average list-to-sales price percentage was 91.52% (ranged from 59.81% to 103.2%). The home on the market for 911 days was a model home in a growing subdivision, by the way; it was listed for $208,325 and sold for $215,000.

One home was listed above $300,000 and below $400,000. It was on the market for 147 days. List price was originally $379,900; it was lowered to $369,900 and sold for $355,000.

The remaining home was listed above $400,000 and below $500,000. It was on the market for 77 days. It was listed for $449,900 and sold for $390,000.

In contrast, for the same period a year ago (July 16-31, 2008), 98 properties were new listings. Lowest list price was $65 -- an error, obviously, which was corrected when the listing was withdrawn and relisted for $65,000 (it sold for $59,000 after being on the market for 60 days). Highest list price was $364,900 for a new construction which was withdrawn after 248 days and relisted with another agent in the same company, where it remains on the market now for an increased price of $374,900. Make an offer -- by now the builder may take something less. Thirty-four have been withdrawn, 8 have expired, four are pending and nine are still active. Of the 98 new listings, 3 were duplexes, 3 were condos/townhouses, 11 were new construction and four were REO (bank-owned).

Between July 16-31, 2008 70 properties sold (closed). Lowest list price was $16,900 for a then-38-year-old house with termite damage which sold for $17,500 cash after being on the market for 42 days. Highest list price was $595,000 for a then-two-year-old 4,997 square foot home in a golf-course community which sold for $560,000 after being on the market for 257 days. Four of the sold properties were duplexes, two were condos/townhouses, 14 were new construction and 4 were REO (bank-owned).

Of the 70 properties sold, 18 were listed at or below $100,000. Average days on market was 106 (ranged from 25 to 199). Average list-to-sales price percentage was 91.21% (ranged from 37.14% to 105.23%).

Forty-four were listed above $100,000 and below $200,000. Average days on market was 114 (ranged from 5 to 335). Average list-to-sales price percentage was 98.91% (ranged from 93.1% to 107.26%).

Four were listed above $200,000 and below $300,000. Average days on market was 100 (ranged from 71 to 171). Average list-to-sales price percentage was 95.99% (ranged from 90.91% to 100.57%).

Two were listed above $300,000 and below $400,000. Average days on market was 270 (ranged from 46 to 494). Average list-to-sales price percentage was 96.42% (ranged from 96.29% to 96.54%).

One was listed above $400,000 and below $500,000. It was on the market for 302 days. It was a new construction listed originally for $398,900; the price was raised to $412,900 and it sold for $375,000.

The remaining home was listed above $500,000 and below $600,000. It was on the market for 257 days. It was listed for $595,000 and sold for $560,000.

That's it.

(Based on information from the Sumter Board of Realtors®/MLS, August 4, 2009)