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


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

For the period October 16-31, 2009, there were 75 new listings on the market.  Lowest list price was $10,000 for a 56-year-old 720-square-foot house with no heating or air system, in need of electrical work.  Highest list price was $285,900 for a 3-year-old 3001-square-foot home in a golf-course community. Nine of the new listings are new construction, and one is a duplex (although it's in the MLS as a condo/townhouse, it's not; it's a duplex).  Three of the new listings are REO (bank-owned) and two are listed as short sales.

Fifty-one properties sold (closed) from October 16-31, 2009.  Lowest list price was $24,900 for a five-year-old bank-owned home that originally listed for $63,500, underwent three price reductions before finally selling for $22,000 after being on the market for 120 days. Highest list price was $327,000 for a new construction home in a new subdivision which originally listed for $332,000 and underwent one price reduction before selling for $297,000 after being on the market for 279 days. Seven of the sales were new construction, one was a duplex and six were condos/townhouses.  Eleven of them were listed as REO (bank-owned) and none were listed as short sales.

Of the 51 properties sold, 25 were listed for at or below $100,000.  Average days on market was 144 and median days on market was 120 (ranged from 30 to 266).  Average list-to-sales percentage was 92.21% and median list-to-sales was 94.44% (ranged from 25.04% to 113.71%).

Twenty-two of the sold properties were listed above $100,000 and below $200,000. Average days on market was 108, and median days on market was 76 (ranged from 28 to 355). Average list-to-sales percentage was 98.95% and median list-to-sales was 99.09% (ranged from 96.06% to 105.54%).

Three listings which sold were listed above $200,000 and below $300,000.  Average days on market was 239 and median days on market was 266 (ranged from 135 to 316).  Average list-to-sales percentage was 97.05% and median list-to-sales was 96.63% (ranged from 94.51% to 100%).

The remaining listing was mentioned earlier.  It listed originally for $332,000, underwent one price reduction to $327,000 and sold for $297,000 after being on the market for 279 days.

In contrast, for the same period a year ago (October 16-31, 2008), 83 properties were newly listed.  Lowest list price was $10,000 for a then 59-year-old bank-owned bungalow which sold for $10,000 cash after being on the market for 29 days. Highest list price was $698,000 for a new construction in an upscale community; it underwent one price reduction for $640,000, which is where it's listed now.  It's been on the market for 372 days, make 'em an offer, they might take less.  Twenty of these listings have expired (seven of them were condos/townhouses listed under one MLS number and which I counted as seven, not one), 22 were withdrawn, two are pending, one was rented rather than sold and 8 remain active.  Seven of the new listings were condos, all listed under the same MLS number (see "expired" above), and three were duplexes.  Six of them were new construction, and 15 were listed as REO (bank-owned)properties.  None were listed as short sales.  

Between October 16-31, 2008 54 properties sold (closed).  Lowest list price was $26,900 for a then 16-year-old mobile home which underwent three price reductions to end up at $9,500 before selling for $2,000 cash after being on the market for 277 days. Highest list price was $575,000 for a then 12-year-old bank-owned executive home that underwent two price reduction before selling for $517,500 after being on the market for 321 days.  Twelve were new construction; there was one duplex. Twelve were listed as REO (bank-owned), none were listed as short sales.

Of the 54 properties sold, 20 were listed at or below $100,000.  Average days on market was 158, median days on market was 135 (ranged from 30 to 803).  Average list-to-sales price percentage was 85.91% and median list-to-sales was 92.93% (ranged from 21.05% to 102.86%).

Twenty-seven of the 54 sold properties were listed above $100,000 and below $200,000.  Average days on market was 172 and median days on market was 148 (ranged from 8 to 533).  Average list-to-sales price percentage was 97.98% and median list-to-sales was 98.85% (ranged from 84.95% to 107.15%).  

Six listings were listed for above $200,000 and below $300,000. Average days on market was 170 and median days on market was 151 (ranged from 68 to 292).  Average list-to-sales-price percentage was 97.99% and median list-to-sales was 97.99% (ranged from 94.76% to 102.02%).  

The remaining listing was listed for above $500,000 and below $600,000 and was the highest list price mentioned above.  It listed for $575,000 originally, underwent two price reductions and sold after being on the market for 321 days for $517,000 (94.26% of the list price).

At the moment there are 735 residential properties on the market in Sumter County.  There were 121 homes that sold (closed) in the past 30 days.  That means, unless something changes, we have about 6.07 months of inventory on the market.

Not a bad place to be.  Here's hoping it doesn't get worse when the next wave of foreclosures hits.


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

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

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

Eight-two properties were newly listed between October 1-15, 2009. Lowest list price was $25,500 for a 26-year-old mobile home on an acre; the appliances do not convey.  Highest list price was $537,000 for a 25-year-old two-story home in an established subdivision of executive-type houses; it has a bit over 5,000 square feet, a vacuum system, a glassed-in porch, an in-ground pool and a lot of other spiffy amenities. Two of the new listings are condos/townhouses and three are duplexes (one of which went under contract after being on the market for 10 days). Twelve of the new listings are new construction (three of them have closed already, most likely pre-solds). Three of the new listings have already gone pending and three are under contract.  One new listing was withdrawn after being on the market for four days, no idea why; it's not for rent in the MLS but it was listed as a short sale.  One new listing was listed with a different agency last year for $319,000; the price was reduced to $315,000 and then the home was withdrawn from the market after being on the market for 328 days. Nine months later it was then listed with a different agency for $250,000 and then temporarily withdrawn from the market after only two days, no idea why.  Five of the new listings are REO (bank-owned) and one was a short sale (the one mentioned above).

Fifty-nine properties sold (closed) between October 1-15, 2009. Lowest list price was $14,000 for a 16-year-old privately-owned mobile home that sold for $11,000 cash after being on the market for 64 days. Highest list price was $495,000 for a 36-year-old 1.5 story brick home that sold for $400,000 after being on the market for 80 days. Thirteen were new construction, four were REO (bank-owned) and one was a short sale.

Fifteen of the 59 homes sold were listed at or below $100,000. Average days on the market was 159, median days on the market was 153 (ranged from 22 to 322). Average list-to-sales price percentage was 95.15%, median was 96.92% (ranged from 78.57% to 103.71%).

Forty of the 59 properties sold were listed above $100,000 and below $200,000. Average days on the market was 124, median days on the market was 100 (ranged from 2 to 372). Average list-to-sales price percentage was 98.11%, median was 98.12% (ranged from 88.36% to 104.83%).

Three of the homes sold were listed above $200,000 and below $300,000. Average days on the market was 78, median days on the market was 52 (ranged from 7 to 176). Average list-to-sales price percentage was 98.29%, median was 100% (ranged from 90.04% to 104.84%).

The remaining home was the one mentioned above; it listed for $495,000 and sold for $400,000 (80.81%) after being on the market for 80 days.

In contrast, for the same period a year ago (October 1-15, 2008), 76 properties were newly listed. Lowest list price was $13,500 for a then 56-year-old bank-owned A-frame which sold for $13,500 cash after being on the market for 46 days. Highest list price was $439,000 for a then 9-year-old steel-framed brick home on a bit over one acre which underwent one price reduction to $399,995 and then was withdrawn after being on the market for 276 days.  It first went on the market (for $439,000) a little over two years ago, was withdrawn a year ago and then the listing was deleted. It remains on the market now under a different MLS number (but the same listing agent) for $399,000.  Ten of the new listings were new construction and two were duplexes. In the interim 22 have been withdrawn, 9 expired, one was deleted and one is pending. Ten are still active. Six were listed as REO (bank-owned) and there were none listed as short sales.

Thirty-five properties sold (closed) between October 1-15, 2008. Lowest list price was $14,900 for a then 62-year-old bank-owned A-frame that sold for $7,500 cash after being on the market for 74 days.  Highest list price was $425,000 for a then 13-year-old cedar home on 50 acres that sold for $370,000 after being on the market for 69 days.  Eleven of the homes sold were new construction. Four were listed as REO (bank-owned); there were none listed as short sales.

Eleven of the homes sold were listed at or below $100,000.  Average days on the market was 144, median days on the market was 80 (ranged from 23 to 483).  Average list-to-sales-price percentage was 89.23%, median was 92.31% (ranged from 50.34% to 100%).

Sixteen of the homes sold were listed above $100,000 and below $200,000. Average days on the market was 157, median days on the market was 90.5 (ranged from 24 to 530).  Average list-to-sales-price percentage was 98.08%, median was 100% (ranged from 87.5% to 102.16%).

Four of the homes sold were listed above $200,000 and below $300,000.  Average days on the market was 194, median days on the market was 169 (ranged from 43 to 395).  Average list-to-sales-price percentage was 86.82%, median was 98.64% (ranged from 50% to 100%).

Three of the homes sold were listed above $300,000 and below $400,000. Average days on the market was 163, median days on the market was 145 (ranged from 127 to 217).  Average list-to-sales-price percentage was 93.62%, median was 93.53% (ranged from 92.02% to 95.31%).

The remaining home sold was mentioned above. It was listed for $425,000 and sold for $370,000 (87.06%) after being on the market for 69 days.

As of today, October 23, 2009, we have 9.44 months of inventory on the market.  Not as bad as the last report, but not as low as we'd like to see it.

(Based on information from the Sumter Board of Realtors®/MLS, October 23, 2009)

Home Sales Data, September 16-30, 2009 Sumter, SC

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

For the period September 16-30, 2009, there were 85 new listings posted to the Multiple Listing Service (MLS). Lowest list price was $10,000 for a 68-year-old 876 square foot ranch-style privately owned property being sold as-is by an estate. Highest list price was $479,000 for a custom-built home with a Southern Living floorplan which has been on the market for a total of 320 days with the same agency and whose owners finally decided to rent it, at which point it went after being on the rental market for 12 days. It's of course no longer on the sales market.  One new listing was withdrawn after being on the market for only 2 days, I have no idea why; it's not presently being offered for rent.  Two the new listings were duplexes (one of them a short sale), and fourteen were new construction. Seven of the new listings are pending, three of the new construction new listings are closed (two pre-solds and one quick sale).  One new listing went under contract after being on the market for 15 days, and one was an out-of-area bank-owned listing with a seriously old photo (it looks like it was taken when the house was built in 1979) that was sold by one of our local agents. Ten of the new listings are REO (bank-owned), including the ones mentioned earlier, and only one was a short sale (the duplex mentioned earlier).

Thirty-three properties sold (closed) from September 16 - 30, 2009.  Lowest list price was $34,950 for a bank-owned nine-year-old mobile home which sold for $28,000 after being on the market for 45 days. Highest list price was $259,500 for an eleven-year-old home in a golf course community; it went through one price reduction to $249,500 and sold for $244,000 after being on the market for 101 days.  Seven of the sales were new construction, one was a duplex and one was a condo. Four of them were listed as REO (bank-owned) and two were short sales.

Of the 33 properties sold, nine were listed for at or below $100,000.  Average days on market was 116 and median days on market was 53 (ranged from 2 to 580).  Average list-to-sales percentage was 94.64% and median list-to-sales was 96.86% (ranged from 80.11% to 100%).

Nineteen of the sold properties were listed above $100,000 and below $200,000. Average days on market was 128, and median days on market was 108 (ranged from 3 to 484). Average list-to-sales percentage was 99.46% and median list-to-sales was 100% (ranged from 81.89% to 123.24%).

The remaining five listings sold were listed above $200,000 and below $300,000.  Average days on market was 161 and median days on market was 177 (ranged from 101 to 212).  Average list-to-sales percentage was 97.11% and median list-to-sales was 97.8% (ranged from 93.52% to 100%).

In contrast, for the same period a year ago (September 16-30, 2008), 93 properties were newly listed.  Lowest list price was $800 (yes, really) for a then seven-year-old mobile home which was withdrawn, listed again for $80,000, underwent a price reduction to $70,000 and was eventually rented rather than sold.  If we disregard that bit of buffoonery, the lowest list price was $17,500 for a then fifty-eight-year-old HUD-owned bungalow that sold for $18,000 after being on the market for 31 days. Highest list price was 599,000 for a home in a subdivision populated by the movers and shakers of our community; it sold for $560,000 after being on the market for 101 days.  Eleven of these listings have expired, twenty were withdrawn (a few of which were rented), three are pending, one is under contract and six remain active.  Seven were deleted.  One of the new listings was a condo, twenty-two of them were new construction, sixteen were listed as REO (bank-owned) properties and two were short sales.  

Between September 16-30, 2008 46 properties sold (closed).  Lowest list price was $22,000 for a then fifty-eight-year-old 870 square foot A-frame that sold for $15,325 after being on the market for 257 days.  Highest list price was $598,000 for a then thirty-six-year-old two-story home in an upscale subdivision that sold for $585,000 after being on the market for 133 days. Five of the 39 properties sold were new, one was a duplex.  Two were listed as REO, none were listed as short sales.

Of the 46 properties sold, 12 were listed at or below $100,000.  Average days on market was 120, median days on market was 123 (ranged from 12 to 257).  Average list-to-sales price percentage was 90.64% and median list-to-sales was 93.43% (ranged from 57.11% to 109.22%).

Twenty-seven of the 46 sold properties were listed above $100,000 and below $200,000.  Average days on market was 119 and median days on market was 85 (ranged from 16 to 405).  Average list-to-sales price percentage was 99.03% and median list-to-sales was 100% (ranged from 89.06% to 107.97%).  

Six listings were listed for above $200,000 and below $300,000. Average days on market was 223 and median days on market was 190 (ranged from 32 to 535).  Average list-to-sales-price percentage was 99.52% and median list-to-sales was 100% (ranged from 96.19% to 103.54%).  

The remaining listing was listed for above $500,000 and below $600,000.  It sold after being on the market for 137 days for 97.83% of the list price.

At the moment there are 814 homes on the market in Sumter County.  There were 60 homes that sold (closed) in the past 30 days.  That means, unless something changes, we have (rounded up a bit) 13.56 months of inventory on the market.

In a word, yikes.


(Based on information from the Sumter Board of Realtors®/MLS, October
5, 2009)

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

 

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

 

For the period September 1-15, 2009, there were 77 new listings posted to the Multiple Listing Service (MLS). Lowest list price was $24,900 for a 24-year-old 1,067 square foot ranch-style bank-owned property. Highest list price was $475,000 for a 119-year-old colonial home on 20 acres with a stable and dressage ring, among other amenities.  Two of the new listings were duplexes/condos/townhouses, twelve were new construction. Three of the new listings are already under contract, one of those a new construction (pre-sold). One listing was withdrawn from the sales market when it was rented out. Six new listings are already pending and one has closed (a for-sale-by-owner that was an out of town sale).

 

Thirty-eight properties sold (closed) from September 1 - 15, 2009.  Lowest list price was $33,900 for a bank-owned five-year-old mobile home with no air conditioning or appliances, which listed originally for $36,900 and sold for $30,000 after being on the market for 63 days. Highest list price was for a new 1 1/2 story executive home with lots of bells and whistles located in an upscale subdivision; it originally listed for $465,000, went through one price reduction to $399,900 and sold for $365,000 after being on the market for 376 days.  Ten of the sales were new construction. Four of them were listed as REO (bank-owned) and two were short sales.

 

Of the 38 properties sold, ten were listed for at or below $100,000.  Average days on market was 185 and median days on market was 93.5 (ranged from 31 to 557).  Average list-to-sales percentage was 97.1% and median list-to-sales was 96.31% (ranged from 79.75% to 129.1%).

 

Twenty-three of the sold properties were listed above $100,000 and below $200,000. Average days on market was 179, and median days on market was 125 (ranged from 25 to 756). Average list-to-sales percentage was 98.08% and median list-to-sales was 99.45% (ranged from 83.71% to 103.71%).

 

Three of the 38 properties sold were listed above $200,000 and below $300,000.  Average days on market was 115 and median days on market was 116 (ranged from 35 to 195).  Average list-to-sales percentage was 96.49% and median list-to-sales was 95.66% (ranged from 89.36% to 104.46%).

 

The remaining two listings were listed for above $300,000 and below $400,000. Average days on market was 363 and median days on market was 362.5 (ranged from 349 to 376).  Average list-to-sales percentage was 93% and median list-to-sales was also 93% (ranged from 91.27% to 94.74%).

 

In contrast, for the same period a year ago (September 1-15, 2008), 62 properties were newly listed.  Lowest list price was $20,000 for a then 54-year-old bank-owned bungalow which underwent one price reduction to $13,000 before selling for $11,750 after being on the market for 68 days.  Highest list price was $374,900 for a then seven-year-old custom-built home in a gated subdivision which was withdrawn from the market after 288 days on the market with one agency and then re-listed with another agency where it remains active after being with them for 88 days at the same price it didn't sell at before.  Make 'em an offer, they might take less.  Eleven of these listings have expired, fourteen were withdrawn, one was rented, one is pending and three remain active.  One was a condo, eight of them were new construction and ten were listed as REO (bank-owned) properties.

 

Between September 1-15, 2008 39 properties sold (closed).  Lowest list price was $19,900 for a then 68-year-old bank-owned 1,106 square-foot bungalow which sold for $16,000 after being on the market for 32 days.  Highest list price was $299,500 for a then 27-year-old 3,000 square-foot home which sold for $289,000 after being on the market for 71 days. Five of the 39 properties sold were new, one was a duplex.  Eight were listed as REO, none were listed as short sales.

 

Of the 39 properties sold, 15 were listed at or below $100,000.  Average days on market was 146, median days on market was 116 (ranged from 32 to 410).  Average list-to-sales price percentage was 93.94% and median list-to-sales was 97.1% (ranged from 74.3% to 101.69%).

 

Twenty of 39 sold properties were listed above $100,000 and below $200,000.  Average days on market was 154 and median days on market was 118.5 (ranged from 38 to 593).  Average list-to-sales price percentage was 99.17% and median list-to-sales was 98.7% (ranged from 92.05% to 112.87%). 

 

The remaining four listings were listed for above $200,000 and below $300,000.  Average days on market was 142 and median days on market was 54.5 (ranged from 3 to 456).  Average list-to-sales-price percentage was 97.92% and median list-to-sales was 97.59% (ranged from 96.49% to 100%). 

 

The weather is cooling a bit here in South Carolina, and we're all grateful.  In a couple months I'll be whining because I'm too cold. 

(Based on information from the Sumter Board of Realtors®/MLS, September 23, 2009)

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)
 

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)

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


For the period July 1-15, 2009 there were 71 new listings posted. These were all residences; I did not include land or commercial properties.  I looked only at Sumter and the surrounding area. Lowest list price is $18,000 for a 69-year-old privately-owned home that the fellow paid $13,000 for two years ago and for which he has decided he now wants $5,000 more.  I've been in this house; a fellow called and wanted me to go take a look for him and tell him what I thought.  I took my husband with me -- it's not an area I'm comfortable being alone in.  It's quite the specimen -- the first floor slants in two different directions.  The windows are covered with plywood, even though some of them still have glass in them.  I have no idea if any of the plumbing works; there were indications it might not. There appear to have been no efforts whatsoever made in improving or repairing the structure. And yet -- the fellow bought it for $13,000 two years ago, turned around six months later and tried to sell it for $27,000, then raised the price to $27,900, then changed agents and lowered the price to $22,000, then changed agents again and lowered the price to its present asking price of $18,000.  He's an optimist, I'll give him that much.

Highest list price for homes that went on the market during this period is $669,900 for an executive home in an upscale neighborhood which the sellers purchased a little over a year and a half ago for $555,000. The price increase would reflect an uptick in market value of almost 21% in that time.  Would that that were an accurate reflection of conditions (or maybe not -- that's part of what got us all in such trouble in the first place).  A friend of mine lives near there and says in her opinion some "rich doctor" will buy the thing.  Well, maybe.  As long as he's paying cash (wouldn't it be nice, to be able to do that?) he should be okay.  Assuming as he doesn't try to sell it again anytime soon.

Twenty of the 71 new listings were listed below $100,000, 41 were listed for above $100,000 and below $200,000, 5 were listed for above $200,000 and below $300,000, 3 were listed for above $300,000 and below $400,000, one was listed for above $400,000 and below $500,000, and one was listed for above $600,000 and below $700,000.  Nine of the new listings are new construction, one of which is under contract and one which sold (closed) the same day it was listed (both are pre-solds). One new listing is a duplex, six have already gone pending (one after one day, two after three days, one after five days, one after 12 days and one new construction after 13 days), and two are listed as short sales.

Fifty-five properties sold (closed) during the period July 1-15, 2009.  Lowest list price was $34,999 for a 12-year-old bank-owned mobile home that sold for $20,000 after being on the market for 54 days.  Highest list price was $379,000 for a seven-year-old tri-level custom home on 6 acres, with a 2-acre pond, a stable, a sunroom and lots of other wonderful things; it sold for $365,000 after being on the market for 90 days.

Thirteen of the properties sold were listed at or below $100,000.  Average days on market was 189 (ranged from 27 to 525).  Average list-to-sales price percentage was 93.26% (ranged from 57.14% to 109.59%).

Thirty-three of the properties sold were listed above $100,000 and below $200,000. Average days on market was 199 (ranged from 2 to 684).  Average list-to-sales price percentage was 97.12% (ranged from 84.97% to 103.43%).

Six of the properties sold were listed above $200,000 and below $300,000. Average days on market was 206 (ranged from 51 to 394). Average list-to-sales price percentage was 100.24% (ranged from 95.54% to 111%).

The three remaining properties sold were listed above $300,000 and below $400,000. Average days on market was 93 (ranged from 68 to 120). Average list-to-sales price percentage was 96.02% (ranged from 95.46% to 96.31%).

In contrast, for the same period a year ago (July 1-15, 2008), 81 properties were new listings.  Lowest list price was $15,900 for an at the time 108-year-old bungalow which expired after being on the market for 367 days and has not been listed in the MLS since.  Highest list price was $599,000 for an at the time four-year-old executive home in an upscale subdivision which is still available, having been on the market for 375 days so far and undergoing two price reductions to its present listing price of $524,900.  Make them an offer, they might take less. Seven of the new listings have expired (including the one I mentioned earlier), 26 have been withdrawn, seven are still active and one is pending. Seventeen of the new listings were new construction, there were no condos, townhouses or duplexes.  Three were listed as short sales.

During July 1-15, 2008 thirty-nine properties sold (closed).  Lowest list price was $24,500 for an at the time 60-year-old privately owned bungalow that sold for $18,000 cash after being on the market 17 days. Highest list price was $284,900 for a new construction in a golf-course community which was on its second (at least) real estate agent and had been offered up for rent as well. It sold after (including every listing it had) 401 days for $275,000.

Nine of the 39 properties sold during that period were listed for below $100,000.  Average days on market was 69 (ranged from 2 to 159). Average list-to-sales price percentage was 92.67% (ranged from 58.85% to 105.72%).

Twenty-three were listed above $100,000 and below $200,000. Average days on market was 173 (ranged from 1 to 332). Average list-to-sales price was 98% (ranged from 91.89% to 105.03%).

The seven remaining listings were listed above $200,000 and below $300,000. Average days on market was 122 (ranged from 58 to 205). Average list-to-sales price was 98.68% (ranged from 96.53% to 100.88%).

I hope your summer is going well.  Try to stay cool!

 
(Based on information from the Sumter Board of Realtors®/MLS, July 20, 2009)

Sales Data for Sumter, SC 16-30 June 2009

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

From June 16-30, 2009, 82 residences came on the market. Lowest list price was $18,000 for a fifty-year-old A-frame house, privately owned and being sold as-is. Highest list price was $444,900 for a two-year-old waterfront executive home, 3,266 square feet with ceramic tile and hardwood floors, a security system, and custom upgrades including a brick fence. This house, by the way, is the same as a new listing I mentioned in the last report as being “astoundingly overpriced” and that it was withdrawn from the market after 5 days. It was listed then at $499,999. So they lowered the price a bit over $55,000 and are trying again, with a different real estate company (and Realtor®). One of the new listings was posted and closed on the same day (listed for $51,000 and sold for that price); it was bank-owned and pre-sold. Another was listed and sold on the same day for $108,857, a pre-sold new construction that went so fast it never even got its own photo in the MLS. One was listed and withdrawn after two weeks on the market and a price drop of $10,000 (I checked the history - the owners have been trying to sell it for almost a year, they’ve gone through three agents and it seems they’ve decided to rent it out instead).

Three of the new listings have gone pending. Eleven are new construction, and two are duplexes (one being only one side of the duplex, although the other side is available for the right price).

Thirty-eight properties sold (closed) between June 16-30, 2009.

Eleven of them were listed at or below $100,000. Average days on market was 113 (ranged from 28 to 291). Average list-to-sales price percentage was 95.88% (ranged from 78.95% to 105.67%).

Twenty were listed above $100,000 up to $200,000. Average days on market was 153 (ranged from 2 to 774 - if we eliminate those extremes the average days on market was 126). Average list-to-sales price percentage was 98.76% (ranged from 86.79% to 108.62%).

The remaining 7 listings were listed above $200,000 and below $300,000. Average days on market was 184 (ranged from 32 to 448). Average list-to-sales price percentage was 98.8% (ranged from 93.65% to 107.17%).

In contrast, for the same period a year ago 95 properties came onto the market. The lowest list price was $24,900 for a then-58-year-old which sold for $23,000 after being on the market for 47 days. The highest list price was $698,000 for a new construction in an upscale subdivision which was withdrawn after being on the market for 126 days, then immediately put back on the market the same day for the same price with the same Realtor®. It’s still available, having been on the market to date for a total of 377 days. Of the 95 properties that went on the market a year ago 5 are still active, 31 were withdrawn, 8 expired, 5 are pending now, 3 were deleted, and 18 were new construction.

For the same period a year ago (June 16-30, 2008), 62 properties sold (closed). The lowest list price was $15,900 for a bank-owned property that sold for $14,000 after being on the market for 160 days. The highest list price was $395,000 for a then ten-year-old executive home in an upscale subdivision which sold for $375,000 after being on the market for 62 days.

I will note here that when I started doing the comparisons, it came to light that two homes that sold had been entered into the MLS incorrectly at some point regarding the date they went on the market, or the date sold. This became glaringly obvious when one popped up saying it had been on the market for minus-782 days and the other had been on the market for minus-26 days. I have no way of deciphering the reality behind this buffoonery, so I threw them out. Just so you know.

Eleven of the 60 homes remaining were listed for at or below $100,000. Average days on market was 107 (ranged from 48 to 199). Average list-to-sales price percentage was 85.67% (ranged from 47.74% to 100%).

Thirty-seven of the homes that sold were listed at above $100,000 and below $200,000. Average days on market was 174 (ranged from 2 to 489). Average list-to-sales price percentage was 98.58% (ranged from 86.72% to 103.92%).

Nine of the homes that sold were listed above $200,000 and below $300,000. Average days on market was 122 (ranged from 22 to 274). Average list-to-sales price percentage was 99.28% (ranged from 96.93% to 100%).

The remaining three homes were listed above $300,000 and below $400,000. Average days on market was 119 (ranged from 62 to 162). Average list-to-sales price percentage was 95.83% (ranged from 91.55% to 101.02%).

I hope you had a great Fourth of July. Here’s hoping the summer brings more ready, willing and able buyers.

(Based on information from the Sumter Board of Realtors®/MLS, July 6, 2009)

Sales Data for Sumter, SC  1-15 June 2009:

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

From June 1-15, 2009 there were 77 properties that went on the market.  Lowest list price was $21,300 for a 32-year-old 3BR/2.5BA house being sold as-is/where-is; it's not bank-owned. Highest list price was $499,999 for an (in my opinion) astoundingly overpriced home which, while it was a custom-built home (the sellers paid $395,900 for it a year and a half ago), is worth nowhere near the list price they were asking, which might explain why it was withdrawn from the market after 5 days and remains off the market now.  Twelve of the new listings are new construction, one of those was withdrawn after 2 days on the market and two were pre-solds.  One new listing went under contract the same day as it was listed (it's bank-owned), one went pending the same day but is not bank-owned, and one went pending after two days on the market.  One new listing was withdrawn after being on the market for one day; the sellers bought it a little over a year ago and paid $140,000 (it was listed then for $199,900), and they listed it for $319,000.  I have no idea what they did to it that would make it worth over twice what they paid, apparently it's been "completely renovated" and includes ten acres but the listing details don't say anything about gold-plated fixtures or a household staff being included in the sale.  Yes, that's snippy you're hearing.  In any case, it's no longer on the market.  None of the new listings were condos or townhouses.

Thirty-nine properties sold (closed) between June 1st and the 15th.  

Twelve of them were listed at or below $100,000.  Average days on market was 153 (ranged from 1 to 263). Average list-to-sales price percentage was 92.25% (ranged from 72.86% to 100%).

Twenty-two were listed above $100,000 and below $200,000.  Average days on market was 143 (ranged from 36 to 477). Average list-to-sales price percentage was 99.11% (ranged from 94.62% to 105.27%).

One was listed above $200,000 and below $300,000.  It was on the market 40 days and the list-to-sales price percentage was 97.23%.
 
The remaining four were listed above $300,000 and below $400,000.  Average days on market was 345 (ranged from 114 to 527).  Average list-to-sales price percentage was 98.62% (ranged from 94.31% to 103.25%).

In contrast, for the same period a year ago (June 1-15, 2008), 76 properties went on the market (one less than this year - turnaround?  Maybe, but there's not enough data to say one way or the other).  Lowest list price was $16,900 for a then 38-year-old house that sold for $17,550 as is (termite damage and all) after being on the market for 42 days.  The highest list price was $399,000 for a then 14-year-old waterfront home in a highly desirable subdivision, which was withdrawn from the market after 177 days (and a price reduction of $20,000).  Just FYI - after being withdrawn, it was listed again with a different agency, where it remained on the market for 139 days.  It's on the market now, with yet a third agency, and the price has been reduced another $29,100 to $349,900.  They bought it in 2006 (ouch) for $309,900 and made significant upgrades.  It could be they've upgraded it right out of the local market; it might be the only home in Sumter County with a reverse osmosis water filtration system.  I have no idea why they decided they needed one; a lack of potable water isn't one of our problems.  It also has a Brazilian walnut wood deck.

People frequently baffle me.

To continue.   

Of the 76 that went on the market a year ago, twelve of them have expired, twenty-four were withdrawn, five are still active, one was deleted and one is presently under contract. Eleven of the new listings were new construction and two were condos/townhouses.

Fifty-one properties sold (closed) between June 1st and 15th last year. Lowest list price was $24,900 for a bank-owned property that sold for $22,900 cash after being on the market for 225 days.  The highest list price was $925,000 for a two-story colonial built in 2000; it sold for $800,000 after being on the market for 334 days.

Sixteen of the listings that sold were listed for at or below $100,000.  Average days on market was 97 (ranged from 3 to 228).  Average list-to-sales price percentage was 97.32% (ranged from 81.71% to 102.36%).

Twenty-two of the listings that sold were listed for above $100,000 and below $200,000.  Average days on market was 130 (ranged from 18 to 491). Average list-to-sales price percentage was 97.88% (ranged from 91.76% to 102.71%).

Ten listings that sold were listed for above $200,000 and below $300,000.  Average days on market was 199 (ranged from 17 to 543). Average list-to-sales price was 94.83% (ranged from 72.54% to 100%).

One listing was priced above $300,000 and below $400,000. It was on the market for 96 days and the list-to-sales price percentage was 97.79%.  

One listing was priced above $400,000 and below $500,000. It was on the market for 120 days and the list-to-sales price percentage was 95.67%.

The remaining listing was the highest priced one, listed at $925,000. It was on the market for 334 days and the list-to-sales price percentage was 86.49%.

That's it for now.

 

(Based on information from the Sumter Board of Realtors®/MLS, June 19, 2009)

For the period May 16-31, 2009, there were 59 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 was $19,900 for a 79-year-old, bank-owned house that needs "some work," with detached 2-car garage which judging from the photograph lacks doors but has more than sufficient exterior water damage.  Highest list price was $495,000 for a seven-year-old custom-built home with over 3,500 square feet, 4 bedrooms, 3 1/2 baths, and listed as having a "Southern Living" floor plan.

 

Of the new listings, five were listed and closed (or pended) on the same day or a few days later, probably pre-solds.  Four more started out as For Sale By Owners and ended up being quick-sales (one was agent-owned). One went pending after being on the market 5 days, four were new construction (including two of the pre-solds), and one was withdrawn after being on the market seven days; the sellers bought it in 2005 and were asking less than they paid for it then.  Perhaps they decided to wait a bit longer -- a good idea, if they can.

 

There were no condos, townhouses or duplexes newly listed.

 

Fifteen of the new listings are listed at or below $100,000, 32 are listed above $100,000 and below $200,000, 10 are listed above $200,000 and below $300,000, one is above $300,000 and below $400,000 and one is above $400,000 and below $500,000.

 

Forty-two properties sold (closed) during May 16-31, 2009.  Lowest list price was $56,900 for a bank-owned mobile home that sold for $47,000 after being on the market for 75 days.  Highest was $272,500 for one of the pre-solds that closed after being on the market for 6 days and went for full price.

 

Eleven of the homes sold were listed at or below $100,000. Average days on market was 213 (ranged from 46 to 601; if we eliminate the one on the market for 601 days the average was 174). Average list-to-sales price percentage was 94.37% (ranged from 82.6% to 101.87%).

 

Twenty-two of the homes sold were listed above $100,001 and below $200,000.  Average days on market was 133 (ranged from 5 to 379).  Average list-to-sales price percentage was 98.32% (ranged from 84.97% to 104.4%).

 

The remaining 9 listings were listed above $200,001 and below $300,000.  Average days on market was 238 (ranged from 5 to 562 -- if we eliminate the two extremes the average is 224).  Average list-to-sales price percentage was 97.94% (ranged from 94.62% to 100%).

 

In contrast, a year ago during the same period (May 16-31, 2008) 73 new listings came on the market.  Two were condos/townhouses, one of which is still on the market after 378 days and the price has not changed.  Lowest list price was $35,900 for a bank-owned mobile home that was withdrawn after being on the market for 276 days, even after the list price was lowered to $12,950.  The highest list price was $629,000 for a custom home on a waterfront lot in an upscale subdivision, which remains on the market even now and the price was been lowered to $499,000.  Make an offer!

 

Seventeen of the new listings were new construction.  Eight of the new listings expired, 25 of them were withdrawn, and five are still active. Most of the ones still active have had price reductions, some drastic, and yet they are still on the market.  Perhaps if they'd been priced more competitively to start with....

 

Fifty-two properties sold (closed) during May 16-31, 2008.  Lowest list price was $33,100 for bank-owned 57-year-old house on which the price was lowered to $24,000; it eventually sold for $13,000 after being on the market for 88 days.  Highest list price was $369,990 for a two-story new construction that sold for $360,000 after being on the market for 53 days.

 

Ten of the listings that sold were listed at or below $100,000.  Average days on the market was 87 (ranged from 37 to 159).  Average list-to-sales price percentage was 85.15% (ranged from 54.17% to 100%).

 

Thirty-one were listed above $100,001 and below $200,000.  Average days on the market was 149 (ranged from 23 to 795; if we remove the lowest and highest the average was 131).  Average list-to-sales price percentage was 99.13% (ranged from 95.16% to 104.72%).

 

Eight were listed above $200,001 and below $300,000. Average days on the market was 111 (ranged from 3 to 205). Average list-to-sales price percentage was 98.44% (ranged from 94.8% to 100.1%).

 

The remaining 3 listings were listed above $300,001 and below $400,000.  Average days on the market was 384 (ranged from 53 to 599 -- the 599-day one was a new construction that listed for $349,000 and sold for $313,000). Average list-to-sales price percentage was 97.35% (ranged from 89.68% to 105.07%).

 

See you on the InterTubes!

 

(Based on information from the Sumter Board of Realtors®/MLS, June 3, 2009)

Sales Data for Sumter, SC May 1-15, 2009

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

From May 1st through the 15th, there were 86 new listings placed on the market.  The lowest list price was $12,500 for a seventy-nine-year-old bungalow with no electric or water systems, a rusty metal roof, and the listing included a warning that the property is unsafe and it's not recommended to go inside, but if you do you're on your own. The highest list price was $499,450 for a two-year-old waterfront home with lots of upgrades and custom features.

Of the new listings, five are duplexes or condos/townhouses (one of which was a quick sale and was posted, sold and closed all on the same day, even though the "Days on Market" says 35).  One duplex went under contract after being on the market for two days.  Ten of the new listings are new construction; three of those went under contract the same day they were listed (pre-solds). One new listing that is not new construction was listed and pended on the same day - may have had a buyer lined up already.  Another new listing, a home that was built the same year I was born (never mind how old I am!) went pending three days after it was listed - either priced right, or someone had their eye on it already.  One new listing is in a subdivision that historically has no movement at all unless someone dies (sorry if that seems a bit blunt), so it's rare to see something for sale there.  Two of the new listings I recognized as having been on the market before and being withdrawn when they didn't sell.  One was on the market for 795 days before the owners threw in the towel.  They've waited eight months and are trying again, having raised the price (in defiance of common sense) by $2,000.  The other listing was on the market previously for almost a year, the owners rented it, and are now listing it for sale again for the same price they were asking before, when it didn't sell.

Thirty-six properties sold between May 1-15.  Fourteen were listed for at or below $100,000.  Average days on market was 82 (ranged from 27 to 221). Average list-to-sales price percentage was 97.01% (ranged from 72.37% to 118.35%).

Eighteen properties were listed for above $100,000 and below $200,000 (including a duplex that's been on the market for, no kidding, 1,198 days; I eliminated it from the quick stats as it skews things a bit).  Average days on the market was 134 (ranged from 28 to 427).  Average list-so-sales price percentage was 97.53% (ranged from 85.78% to 100.05%).

The remaining four listings were listed for above $200,000 and less than $300,000. Average days on the market were 99 (ranged from 56 to 181). Average list-to-sales price percentage was 99.9% (ranged from 95.71% to 105.78%).  

In contrast, for the same period a year ago (May 1-15, 2008), there were 105 new listings placed on the market. Two of them were duplexes; one sold after being on the market for 23 days and the other is went pending a few days ago. The lowest list price was $15,900 for a bank-owned 74-year-old (at the time) bungalow that sold for $12,000 after being on the market for 188 days.  The highest list price was $551,000 for a twenty-year old (at the time) waterfront home on a bit over 7 acres; that listing expired after 240 days and has not been put back on the market and according to the tax records the owners have filed bankruptcy.  Yikes.  Of those 105 listings three are still active, 30 have been withdrawn, nineteen expired, one was rented, and one, a new construction, was deleted and then re-entered five days later under the same agent, same company, for the same price.  Don't ask me why; builders can be funny critters.  

During May 1-15, 2008 43 properties sold (closed).  That's only seven more than this year, so maybe we're seeing an upswing.  We can hope.  Of those sold, 16 were priced at or below $100,000.  Average days on market was 186 (ranged from 28 to 846 - yow).  Average list-to-sales price percentage was 91.61% (ranged from 53.85% to 105.6%).

Nineteen were listed from $100,001 to $200,000.  Average days on market was 153 (ranged from 1 to 350). Average list-to-sales price percentage was 98.43% (ranged from 88.76% to 107.78%).

Seven were listed from $200,001 to $300,000.  Average days on market was 174 (ranged from 25 to 336). Average list-to-sales price percentage was 96.92% (ranged from 88.38% to 101.32%).

One was listed above $300,000 and less than $400,000. It was listed at $367,000 and sold for $340,000 after being on the market for 62 days.

The remaining property that sold was listed for $425,000 and sold for that price after being on the market for 23 days.  

Happy house hunting! 

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

For all of April (1-30), as I was unable to do a market report mid-month:

For the period 1-30 April, there were 151 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 was $13,900 for an as-is where-is bungalow that sold for $14,500 after 19 days on the market.  Highest was $749,500 for a thirty-seven-year-old home with four bedrooms, four and a half baths, 4,281 square feet on a bit over 1.8 acres and includes part ownership in an 8-acre pond. Of the new listings, two are condos/townhouses and three are duplexes.  Thirty-three are new construction, of which two went pending or closed the same day they were listed (pre-solds), and one went pending after being on the market for one day.  Also, of the 33 new construction listings that went on the market during April, ten of them are short sales or in foreclosure, with 6 of them being in one subdivision and the remaining 4 in another.
 
Seventy-two properties sold (closed).  The lowest list price was $8,900 for an as-is/where-is sixteen-year-old mobile home which sold for $8,500.  It was on the market for 34 days.  The highest list price was $385,000 for a five-year-old home on 12 acres, which sold for $353,500 after being on the market for 226 days.

Twenty-six of the 72 properties sold were listed at or below $100,000.  Average days on market was 128 (ranged from 19 to 393). Average ratio of list-to-sales price was 92.71% (ranged from 66.89% to 104.32%).
 
Thirty-four of the 72 properties sold were listed above $100,001 and below $200,000.  Average days on the market was 207 (ranged from 17 to 714). Average ratio of list-to-sales price was 99.17% (ranged from 87.78% to 106.67%).

Eight of the 72 properties sold were listed for above $200,001 and below $300,000.  Average days on the market was 154 (ranged from 1 to 384). Average ratio of list-to-sales price was 94.75% (ranged from 86.67% to 100.00%).

The remaining four listings sold were listed for above $300,001 and below $400,000.  Average days on the market was 140 (ranged from 49 to 226).  Average ratio of list-to-sales price was 95.46% (ranged from 91.55% to 100.00%).
 
In contrast, for the same period a year ago there were 173 new listings posted.  The lowest list price was $13,000 for an as-is/where-is mobile home which had been vandalized, the wiring, HVAC and well pump stolen, and sheetrock destroyed.  It sold for $13,100 after being on the market for 46 days.  The highest list price was $835,000 for a 4,667 square foot four-bedroom three-bath and two half-bath two-story eleven-year-old home in a nice subdivision; it's been on the market 396 days as of today and they've lowered the price to $799,000.  Of these 173 new listings, 25 were new construction. There were no duplexes or condos newly listed during that period.  Of the new listings, 26 expired, 38 were withdrawn, two were deleted, 13 are still active, one was rented and still available (tenants' rights apply, although the listing says it's vacant, which is interesting), and one went pending the same day it was listed and remains pending over a year later.  I guess it's taking awhile to get it built. 
 
Ninety properties sold (closed) between April 1-30, 2008.
 
Thirty-six of the 90 sold properties were listed at or below $100,000.  Average days on market was 105 (ranged from 4 to 455).  Average list-to-sales ratio was 92.84% (ranged from 50% to 111.36%).
 
Forty-five of the 90 properties sold were listed between $100,001 and $200,000.  Average days on market was 165 (ranged from 1 to 726). Average list-to-sales ratio was 98.2% (ranged from 85.51% to 103.27%).
 
Seven of the 90 properties sold were listed between $200,001 and $300,000. Average days on market was 107 (ranged from 1 to 263).  Average list-to-sales ratio was 98.13% (ranged from 95.94% to 100.00%).

One listing was priced at above $300,001 and below $400,000 (specifically, $279,000) It sold for $350,000 after being on the market for 233 days.

The remaining listing was priced at $419,000 and sold for $412,000 after being on the market for 293 days.

I wish I had some words of wisdom for you, but I'm still a bit wonky.  People who know me would say this is not much of a change.  I'm not really in a position to argue.  

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

In the last two weeks of March (16-31 March 2009):

 

For the period 16-31 March, there were 111 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 was $8,900 for an as-is where-is mobile home that went pending after nine days on the market.  Highest was $440,000, a five-year-old home described as "highly upgraded," measuring 3,200 square feet, four bedrooms and four and a half baths, blue pearl granite (doesn't say where, I'm assuming counter tops), mouldings, "plush" carpeting, security system, all the bells and whistles.  I do hope the agent will be holding an agent open house, I'd really like to see it.  The photos are lovely but probably don't do it justice. Of the new listings, two were condos/townhouses, six were duplexes (one of which was pulled off the market the same day it was listed, three of which are selling only the one side of the duplex and one of those is a short sale, and one listing selling the entire duplex in a short sale). Eleven are new construction.

 

Forty-five properties sold (closed).  The lowest list price was $14,900 for an as-is/where-is brick home built in 1964, which had no HVAC.  It was on the market for 234 days and originally listed for $39,900; it sold for $14,900.  The highest list price was for home built in 1997 (listing says it's a "Southern Living Home" – that may mean one of their floor plans was used to build it) that was on the market for 57 days and originally listed for $282,600 and it sold for that amount.

 

Fourteen of the 45 properties sold were listed at or below $100,000.  Average days on market was 166 (ranged from 17 to 393). Average ratio of list-to-sales price was 86.88% (ranged from 40.13% to 110.22%).

 

Twenty-eight of the 45 properties sold were listed above $100,001 and below $200,000.  Average days on the market was 151 (ranged from 12 to 544). Average ratio of list-to-sales price was 98.03% (ranged from 83.81% to 109.32%).

 

The remaining three listings were listed for above $200,001 and below $300,000.  Average days on the market was 77 (ranged from 12 to 161). Average ratio of list-to-sales price was 98.94% (ranged from 96.81% to 100.00%).

 

In contrast, for the same period a year ago there were 81 new listings posted.  The lowest list price was $10,500 for an as-is/where-is bank-owned mobile home that sold for $8,250 and was on the market for 32 days.  The highest list price was $349,300 for a 2,898 square foot four-bedroom three-bath three-year-old patio home in a nice subdivision that hasn't moved much – in fact this home is still on the market and the price remains the same as it was a year ago. Make an offer – they might take less.  Of these 81 new listings, 16 were new construction, one was a condo and three were duplexes. Of the condos/duplexes only one sold.  The rest were rented, expired or were withdrawn from the market.  

 

Sixty-one properties sold (closed) between March 16-31, 2008.

 

Thirteen of them were listed at or below $100,000.  Average days on market was 89 (ranged from 19 to 253).  Average list-to-sales ratio was 94.7% (ranged from 50% to 111.43%).

 

Forty-four of them listed between $100,001 and $200,000.  Average days on market was 179 (ranged from 29 to 726). Average list-to-sales ratio was 99.01% (ranged from 80.04% to 106.05%).

 

Three listed between $200,001 and $300,000. Average days on market was 128 (ranged from 35 to 188).  Average list-to-sales ratio was 99.04% (ranged from 98.26% to 100.44%).

 

The remaining listing was priced at $349,000 and sold for $313,000 after being on the market for 599 days.

 

I've been reading reports (and I know you have too) that indicate the economy is beginning to swing back.  I hope so.  I hope it's the beginning of the recovery – and not a dead-cat bounce.

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