Kim Peasley-Parker

September 2009 Sumter, SC Market Report

10-13-09

Market Summary Thru September 30, 2009

Market Statistic	August 2009	September 2009	Trend
Median Price of Homes Sold	$140,000	$124,450	-
Average Price of Home Sold	$151,923	$127,677	-
Least Expensive Home Sold	$30,000	$24,900
Most Expensive Home Sold	$400,000	$244,000
Price/ Sq. Ft.	$78.41	$73.60	-
Average Days of Market (DOM)	165	144	-
Total Active Inventory	1345	1322	-
Median Home Size	1789	1619	-
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

In September we saw the number of units close decrease from 83 in August 2009 t0 68 in September 2009. This was a decrease from September 2008. Though we are seeing some first time home buyers taking advantage of the $8000 Tax Credit, we are not seeing as many as was expected. The tax credit does require the buyers to stay in the home for three years or repay the entire amount. This is definately a consideration if you are in the military and might have to sell the home before the three year requirement. The number of pending units increased from 157 units in August to 176 units in September indicating that we may see more units closed in October than in September.

Sumter SC Real Estate Listings per Month

The total number of homes sold in 2009 continues to fall short of 2008 levels. With 2009 monthly units closed less than 2008 this decline is to be expected.

The days on market decreased dramatically in September falling from 165 in August to 144 days on market as an average in September.

The number of new listings in Sumter decreased in September 2009 by a mere four units. August and September typically are very close in the number of units listed during the month. We normally see a decrease in October, November and December.

Sumter SC Active Real Estate Listings per Month

If the trends in listings follows previous years, the number of new listings will taper off in the fall and during the holidays. Bringing the total number of new listings for a year below 2008 levels.

The total number of listings available decreased from August to September. Given the trends of listings during the holidays and the number of pending units, I would expect this number to continue to trend downward until after the end of the year.

The median home price decreased in Sumter. The current price of $124,450 is an indication of the homes being sold. Along with the median home price being lower in September, the average home price, $ per square foot and median home square footage also decreased. These statistics all seem to follow along with each other. We saw this trend at the beginning of the year with smaller homes and less expensive homes affecting all of these measures.

The average price per sq. foot declined in September for the first time in seven months. In comparing the price per square foot, you notice it closely mirrors the median home price.

Remember all real estate markets are local. There is no National rules that every market in the United States follows when it comes to the ups and downs. Consumers are best served by an educated Realtors^® who understands the market and how to help them buy or sell a home.

I hope you find this real estate market report for Sumter County, SC interesting. If you have any suggestions, please email me at kim@agentowned.com and I will see what I can do.

Kim Peasley-Parker

Realtors^®/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

1 Comment

Friday's Anthem Performed by the Academy Choirs

10-02-09

Kim Peasley-Parker

Friday is Red, White and Blue day at AgentOwned Realty. The agent owners and mangement do this to support our troops and to show our appreciation. Mama Liz started a group on AciveRain called "Support our Troops Friday" and I like to post the National Anthem. I am fortunate and get to hear the National Anthem daily from the loud speakers at Shaw Air Force Base. I like to post the Anthem every week to remind everyone how fortunate we are to live in the United States, I also realize most Americans do not hear the National Anthem weekly unless they are sports fans.

Have a great weekend,

Kim Peasley-Parker, Realtor(R)/Shareholder, AgentOwned Realty, Sumter, SC

Cell 803-840-7519

4 Comments

Because of the Brave, We are Free

09-25-09

Kim Peasley-Parker

To help kick off the new group "Support Our Troops Friday". Thank you for all you do!

Kim Peasley-Parker

Sumter, SC Realtor

3 Comments

August 2009 Sumter, SC Market Report

09-22-09

Kim Peasley-Parker

August 2009 Sumter, SC Market Report

Hope everyone had a good August and part of September. From my talks with many Realtors^®, we are seeing a very different market than what we have experienced in the past. Yes, you can say "Duh, Kim, we all know that." But I am not talking solely about the level of sales. I am talking about what is getting buyers' attention in properties. All the Realtors^® I have spoken with have found that homes they think will sell quickly do not. Homes they think might linger on the market go under contract. Buyers are being fickle (sorry buyers, I don't mean this as an insult, it is just a fact). As Realtors^® we once could tell a seller exactly what would sell a home price, location, preparation for the sale and several other items. These rules seem to have been thrown out in today's market. In asking all the Realtors^®, what they find are selling homes and the answer is the same. They don't seem to have a good answer as it changes from buyer to buyer. With that being said, here are the August Sumter, South Carolina Market Statistics.

Summary of the Market Thru August 31, 2009

Market Statistic	July 2009	August 2009	Trend
Median Price of Homes Sold	$137,250	$140,000	+
Average Price of Home Sold	$140,366	$151,923	+
Least Expensive Home Sold	$15,000	$30,000
Most Expensive Home Sold	$390,000	$400,000
Price/ Sq. Ft.	$75.69	$78.41	+
Average Days of Market (DOM)	191	165	-
Total Active Inventory	1337	1345	+
Median Home Size	1742	1789
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

The number of homes sold in Sumter during July 2009 was 106 and in August that number decreased to 83. While we did see the units closed or sold decrease, the units was only 4 units less than August 2008. The number of pending units is still strong so we expect to see more units closing over the next several months too.

The total number of homes sold in 2009 has lagged behind the year to date total for 2008. This is to be expected as the monthly numbers with some exceptions have fallen behind.

Year to Date Listing Sumter SC Real Estate Market

While days on the market decreased in August, this put the Days on Market back down to where it was before the spike we saw in July.

The number of new listings in Sumter increased in August 2009. July had shown Sumter the lowest number of new listings in since January 2009. Listings are cyclical and historically July and August have proven to been months where a large number of listings come onto the market.

The Year To Date listings in the Sumter market for 2009 is following very closely with the 2005 Year To Date listings as far as overall trends. If Sumter continues to follow this trend, I would expect to see the number of listings level off for the remainder of the year.

A combination of units sold during the month and the increase in homes listed resulted in a upward movement of the total number of homes available. This statistic is new to the report and it gives buyers and sellers a feeling for what is on the market. I am still watching it to determine what it is showing.

The median home price continues to increase over time in Sumter. The current price of $140,000 has only seen one month higher since January 2004. During the fall and winter of 2008-2009, we did see the median home price down, but in the past six months the median home prices have come back. Much of the fluctuation during these months was due to the mix of properties being sold.

The average price per sq. foot continued to climb in August as it had over the past seven months. In comparing the price per square foot, you notice it closely mirrors the median home price. This would lead me to believe that we saw many investors buying lower priced homes over the fall and winter and more owner occupied properties being sold during the spring and summer.

I hope you find this real estate market report for Sumter County, SC interesting. If you have any suggestions, please email me at kim@agentowned.com and I will see what I can do.

Kim Peasley-Parker

Realtors^®/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

1 Comment

July 2009 Sumter, SC Market Report

08-30-09

Kim Peasley-Parker

As I stated back in June, my report is under transition. I have been working on it over the summer and what a summer this has proven to be. The number of units sold in Sumter County has increased and many Realtors^®, including myself, have been very busy. My report is still in transition and I am open to any suggestions you might have. You can email me at kim@agentowned.com. I am trying to provide you the consumer with information to make an informed decision about the real estate market in the Sumter, SC area.

Summary of the Market Thru July 31, 2009*

Market Statistic	July 2009	June 2009	Trend
Median Price of Homes Sold	$137,250	$128,900	+
Average Price of Home Sold	$140,366	$141,765	-
Least Expensive Home Sold	$15,000	$14,500
Most Expensive Home Sold	$390,000	$397,500
Price/ Sq. Ft.	$75.69	$73.70	+
Average Days of Market (DOM)	191	158	+
Total Active Inventory	1337	1386	-
Median Home Size	1742	1754
Median Number of Bedrooms	3	3
Median Number of Bathrooms	2	2

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!

The total number of homes sold in 2009 has lagged behind the year to date total for 2008. As the numbers increase, we may see this gap narrowing.

While days on the market increased, it also meant homes that had been on the market for many months were receiving offers and being sold.

The number of new listings in Sumter decreased in July 2009. This is the lowest number of listings we have seen since January 2009. Listings are cyclical and historically July has been a month where more listings are seen on the market. The lower number may be the result of sellers marketing their homes sooner, but one month doesn't make a trend.

The Year To Date listings in the Sumter market appears to be leveling off more. If the trend continues, we should see fewer homes on the market over the next several months.

A combination of units sold during the month and the decrease in homes listed resulted in a downward movement of the total number of homes available. This is the first decrease we have seen since April 2009.

The median home price continues to increase over time in Sumter. The current price of $137,250 has only seen two months higher since January 2004. During the fall and winter of 2008-2009, we did see the median home price down, but in the past six months the median home prices have come back. Much of the fluctuation during these months was due to the mix of properties being sold.

The average price per sq. foot continued to climb in July as it had over the past six months. In comparing the price per square foot, you notice it closely mirrors the median home price. This would lead me to believe that we saw many investors buying lower priced homes over the fall and winter and more owner occupied properties being sold during the spring and summer.

Most areas in Sumter have been able to maintain their values during the National Housing Down Turn. This is just a reminder that all real estate is local. Every market is local and consumers must find an educated Realtors^® who understands the market to help them buy or sell a home.

Again, this market report is still evolving and I hope you are finding the information helpful. If you have any suggestions, please email me at kim@agentowned.com and I will see what I can do.

Kim Peasley-Parker

Realtors^®/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

2 Comments

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Kim Peasley-Parker
AgentOwned Realty

Kim Peasley-Parker: Real Estate Agent in Sumter, SC

Office: (803) 840-7519

Mobile: (kpe) kpe-kpea

I am a full time Realtor® in Sumter, SC. I work with many families relocating to Sumter or within Sumter for Military (Shaw AFB), Retirement and personal reasons.

About Us:

When you are buying or selling your home, you deserve the best in a Realtor®. You need a Realtor® who knows the Sumter, South Carolina real estate market and the trends. You deserve to see the numbers that support the "conclusions" of the market. I am commited to providing that informatoin to my clients.

I expect my clients to hold me to high standards. When looking for a home, the buyer needs the time to decide what home is right for them. My job is to guide and answer questions, not to push any buyer into purchasing the home. I understand there are many factors to purchasing family, finances, location and size to name a few. All the pieces must come together and my client comfortable before we sit down to make an offer.

When a client is selling, my clients' property deserves every possible marketing from print ads to internet resources. I have developed a unique marketing plan and tailor it to every home. Over 80% of home buyers begin their search on the internet. My marketing plan includes extra pictures on realtor.com, a personal website with many marketing methods including listing syndication to many real estate web sites. More traditional marketing methods include flyers in boxes on signs, The Real Estate Book and a real estate information line with call capture. I work with my clients to sell their home and make the transaction as smooth as possible.

My focus is to make your buying or selling experience in Sumter one you will look back on with great satisfaction. For more Sumter Real Estate market information please visit the following blogs with details about the market.

Sumter, SC Real Estate Market....

Areas of Expertise

Residential real estate including existing homes and neighborhoods, new construction and subdivisions.

Providing my clients with data to make an informed decision. Data includes MLS searches for homes, comparables for both buyers and sellers, as well as information from the Sumter County Database.

For Selling, I offer sellers a unique marketing plan that is more extensive than other listing agents in Sumter. My clients deserve the most exposure for their home and I am able to deliver that exposure on the internet and through traditional means.

Testimonials

Do you have any good testimonials that clients have provided you in the past? Be sure to add them here.

Kim Peasley-Parker

September 2009 Sumter, SC Market Report

Friday's Anthem Performed by the Academy Choirs

Because of the Brave, We are Free

August 2009 Sumter, SC Market Report

July 2009 Sumter, SC Market Report

Kim Peasley-ParkerAgentOwned Realty

About Us:

Areas of Expertise

Testimonials

Kim Peasley-Parker
AgentOwned Realty