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Kim Peasley-Parker

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December 2011 Sumter SC Market Report

01-23-12
Kim Peasley-Parker
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
Sumter SC Homes Sold By Month

Homes Sold in Sumter County, South Carolina Year to Date Since 2006
Sumter SC Homes Sold By Year
Average Days on Market in Sumter Until Sold
Sumter SC Days On Market for Sales

Sumter New Listing for Residential Property By MonthSumter Homes Listed for Sale

Sumter New Listing for Residential Property By Year To Date
Year To Date Listings
Sumter Active Listing for Residential Property

Sumter Active Listings by Month

Median Home Price for the Sumter Residential Home Sales
sumter Median Home Price
Sumter County South Carolina Price Per Square Foot Sumter Avg 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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November 2011 Sumter South Carolina Residential Market Report

12-14-11
Kim Peasley-Parker
Market Summary Thru November 30, 2011

Market Statistic

October 2011

November 2011

Trend
Median Price of Homes Sold

$113,700

$120,500

+

Average Price of Home Sold

$117,013

$123,159

+

Least Expensive Home Sold

$14,500

$4,750

-

Most Expensive Home Sold

$265,016

$515,000

+

Price/ Sq. Ft.

$63.78

$62.97

-

Average Days of Market (DOM)

136

137

+

Total Active Inventory

1314

1245

-

Median Home Size

1731
1698

-

Median Number of Bedrooms

3

3

Median Number of Bathrooms

2

2

The Sumter, South Carolina real estate market experienced a shift in October and that trend appears to be continue. The number of homes sold in the month of November increase slightly to 61, following the decrease in sales in October. While this is a decrease over the past months, it is still above the November 2010 units sold at 44. The increase in the number of homes sold in November 2011 over November 2010, the year to date number of homes sold in Sumter, South Carolina is no almost equal 2011 to 2010. Given the history, decreased sales in the last quarter or the year are normal and nothing that sends up major red flags to me at this time. I think it is a true indicator of the overall market and the fact that it is seasonal in Sumter.

Second the Median and Average home price in Sumter was down in comparison to prior months, but higher than October 2011 mumbers. This is a true indicator that many first time home buyers are taking advantage of the lower interest rates and getting into the housing market. The median home price rebounded a little bit in November with the buyers in the $120,000 to $160,000 coming out in force to purchase homes.

The Average $ per Square Foot increased in November after taking a fall in October. Both of October and November were still below the year, but the Sumter, South Carolina real estate market does typically experience a lower $ per square foot sales price in the last quarter and some years this is carried over into the beginning of the next year.

The charts for the month are below. So while there may be some concern over the numbers. 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.

Homes Sold in Sumter County, South Carolina by Month

Sumter SC Residential Property Sales

Homes Sold in Sumter County, South Carolina Year to Date Since 2006

Sumter SC Homes Sold Year To Date
Average Days on Market in Sumter Until Sold
Sumter SC Homes Sold Days on Market

Sumter New Listing for Residential Property By Month

Sumter Homes Listed by Month

Sumter New Listing for Residential Property By Year To Date
Sumter SC Listings For Homes By Year
Sumter Active Listing for Residential Property

Sumter SC Homes for Sale By Month

Median Home Price for the Sumter Residential Home Sales
Sumter Median Home Price Sold
Sumter County South Carolina Price Per Square Foot

Sumter Home Prices

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 December 2011

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Sumter SC Real Estate Market Update August 2011

09-08-11
Kim Peasley-Parker
Content Originally Posted on www.SumterHomePros.com
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 Homes Sold by Month

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 Homes Sold Year To Date
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 Days On Market
New Listings increased to 166 properties that were listed or put on the market for sale in August 2011.

Sumter Residential 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 Residential Year To Date Listings
The number of active listings decreased to 1339 residential properties being actively marketed for sale in Sumter.

Sumter Active Listings per Month
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.

Sumter Median Home Sales Price
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.
Sumter Price per Sq 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 September 2011

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April 2011 Sumter SC Market Reports

05-23-11
Kim Peasley-Parker
Market Summary Thru April 30, 2011

Market Statistic

March 2011

April 2011

Trend
Median Price of Homes Sold

$142,400

$125,000

-

Average Price of Home Sold

$151,137

$125,458

-

Least Expensive Home Sold

$13,000

$7,000

-

Most Expensive Home Sold

$499,000

$350,000

-

Price/ Sq. Ft.

$75.63

$69.50

-

Average Days of Market (DOM)

168

177

+

Total Active Inventory

1397

1436

+

Median Home Size

1826
1641

-

Median Number of Bedrooms

3

3

Median Number of Bathrooms

2

2

April 2011 showed a pick up in sales in the Sumter Real Estate Market. April 2011 units sold was th highest the Sumter market has seen since June 2010. The activity in the Sumter Real Estate Market has varied by week, but we are starting to experience the spring selling season.
April Monthly Units Sold

While Year To Date Closings are still below 2010 levels, we have made progress in "catching" up with those numbers with March and April home sales.
April 2011 Units Sold Year To Date
Days on Market for Sumter County, South Carolina increased to 177.
April 2011 Days On Market
Listings per month increased from 164 in March to 166 in April. February, March and April new listings have all consistently fallen into the mid 160's.

April 2011 Sumter Listings Per Month

The Year to Date Listings remain between 2009 and 2010 levels. I fully expect to see those numbers stay in that range.
April 2011 Sumter Year To Date Listings
The number of Active Listings did increase in April and I expect to see an increase until July. After July, the number of active listings begins to fall slowly as houses are sold, rented or withdrawn from the market. The introduction of the Third Army into the Sumter home market may influence the Sumter market to not follow prior years, but this trend hasn't been broken as of March.

April 2011 Sumter Active Listings

The median home price fell from $142,400 in March to $125,000 in April. Again this trend follows the highest price home sold and $ per square foot.

April 2011 Sumter Median Home Price

The average $ per square foot decreased in Aprilto $69.50.
April 2011 Sumter Average Price per Sq 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 May 2011

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January 2011 Sumter Real Estate Market Report

02-10-11
Kim Peasley-Parker
Originally Posted on www.sumterhomepros.com
Market Summary Thru January 31, 2011

Market Statistic

December 2010

January 2011

Trend
Median Price of Homes Sold

$142,500

$120,306

+

Average Price of Home Sold

$150,567

$133,783

+

Least Expensive Home Sold

$6,000

$19,900

+

Most Expensive Home Sold

$550,000

$318,000

+

Price/ Sq. Ft.

$73.67

$74.95

+

Average Days of Market (DOM)

197

150

+

Total Active Inventory

1280

1356

+

Median Home Size

1735
1620

-

Median Number of Bedrooms

3

3

Median Number of Bathrooms

2

2

January is typically a slower month in the Sumter Real Estate Market and 2011 proved to follow prior years with the number of closings down from 61 in December 2010 to 38 in January 2011.
Sumter Real Estate Units Sold Per Month January 2011

Year to Date closings is for the month of January only.
Sumter Real Estate Year to Date Units Sold January 2011
Days on Market for Sumter County, South Carolina decreased to 150 in January.
Sumter Real Estate Days On Market January 2011
Listings per month increased from 95 in December to 147 in January. This increase in listings isn't untypical as more home sellers are receiving orders for spring PCSing and also many sellers delay putting their homes on the market during the holidays.

Sumter Real Estate Listings per Month January 2011

The Year to Date Listings is for the month of January only. 2011 has started out very similar to prior years.
Sumter SC Real Estate Year To Date Listings January 2011
The number of active listings in the Sumter has remained around the 1300 mark with some fluctuation over the past few months. The end of January 2011 has 1356 active listings.

Sumter SC Real Estate Market Active Listings January 2011
The median home price decreased from $142,500 in December to $120,306 in January.

Sumter SC Median Home Price January 2011

The average $ per square foot increased in January to $74.95.
Sumter SC Real Estate Price per Square Foot January 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 February 2011

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