Grand Strand Monthly Market Report April 2016
Grand Strand Market Report April 2016 Steady demand continues to boost Single Family Residential activity. Sales volume, sales prices, and sold-to-list ratio are all up in April. Year-to-date sales volume and prices are up 6.4% and 7.4%, respectively. Condo sales activity and prices up slightly for 2016. SFR sales in April increased 2.5%, compared to the same month in 2015. Year to date, SFR sales are up 6.4% compared to 2015. SFR inventory continues its seasonal increase and is expected to peak in June. Median sales price maintained its strength at $195,864, up 3.1% for the month and up 7.4% in 2016. The median sales price in new construction sales is up slightly and slightly down in resale activity, compared to April 2015. The average sold to list ratio for Single Family Residential sales in April was 96%, a slight increase compared to the same month in 2015. Condo sales decreased 7.6% in April and are up 1.5% year to date compared to 2015. Condo inventory increased slightly in April and it is expected that inventory will increase slightly due to seasonality. Median sales price increased 0.4% to $115,500 in April and is up 2.9% for the year. The average sold to list ratio for condo sales in April was 92%, flat compared to the same month in 2015. Residential lot sales decreased 38.1% in April compared to 2015 and are down 14.9% year to date. Median sales price is down 9.1% for the month compared to 2015 and slightly down year to date. Sold to list ratios are slightly down for the month and up 100 basis points year to date, compared to 2015.
At a glance… SFR Sales Month
Inventory
YTD
Month
Condo Sales Inventory Month
YTD
Month
Residential Lot Sales Inventory Month
YTD
Month
Median Sales Price
$195,864
Median Sales Price
$115,500
Research performed by
Median Sales Price
$40,000
Contents Active Inventory Inventory Trends – SFR & Condo Closed Sales – SFR Median Sales Price – SFR Sold to List Price Ratio – SFR New Construction vs Resale – SFR % of Total Sales Median Sales Price
3
Closed Sales – Condo Median Sales Price – Condo Sold to List Price Ratio – Condo
10
Closed Sales – Residential Lot Median Sales Price – Residential Lot Sold to List Price Ratio – Residential Lot
12
4 5 6 7 8 9
11 11
13 13
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2 Research performed by
Grand Strand Active Inventory Single Family Residential Horry Co. Georgetown Total Average List Price Median List Price
Distribution by Price Range
# Listings 4,751 771 5,522 $351,129 $254,000
Condo/Townhome Horry Co. Georgetown Total Average List Price Median List Price
Total Average List Price Median List Price
G’town Co. 59 104 340 169 99
Distribution by Price Range
# Listings 3,844 397 4,241 $189,963 $144,900
Residential Lot Horry Co. Georgetown
Less than $150k $150k- $250k $250k- $500k $500k- $1.0 MM $1 MM +
Horry Co. 786 1,780 1,646 425 114
Less than $100k $100k- $150k $150k- $200k $200k- $400k $400k- $750k $750k +
Horry Co. 1,065 1,065 595 927 164 28
G’town Co. 28 85 83 111 68 22
Distribution by Price Range
# Listings 1,565 676 2,241 $135,309 $69,500
Less than $25k $25k- $50k $50k- $75k $75k- $100k $100k- $175k $175k- 250k $250k +
Horry Co. 259 461 257 153 200 127 108
G’town Co. 70 89 67 74 144 85 147
3 Research performed by
Grand Strand Inventory Trends SFR Inventory - April
4,974
5,520
5,522
2015
2016
5,176
4,697
2012
2013
2014
Historical Data 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
May-10 5,453
Nov-15
Aug-15
May-15
Feb-15
Nov-14
Aug-14
May-14
Feb-14
Nov-13
Aug-13
May-13
Feb-13
Nov-12
Aug-12
May-12
Feb-12
Nov-11
Aug-11
May-11
Feb-11
Nov-10
Aug-10
May-10
Feb-16
Apr-16 5,522
Dec-11 4,340
Condo Inventory – April 4,748 4,385
4,294
2012
4,128
2013
2014
2015
4,241
2016
Historical Data Jun-10 5,748
6,000 5,500 5,000
Apr-16 4,241
Dec-13 3,930
4,500 4,000
Feb-16
Nov-15
Aug-15
May-15
Feb-15
Nov-14
Aug-14
May-14
Feb-14
Nov-13
Aug-13
May-13
Feb-13
Nov-12
Aug-12
May-12
Feb-12
Nov-11
Aug-11
May-11
Feb-11
Nov-10
Aug-10
May-10
3,500
4 Research performed by
Closed Sales – SFR April
Year to Date 539
2,025
1,904
526
1,629
489
2014
2015
2014
2016
2015
2016
Historical Data 800
Jun-15 756
700 600 500 Jan-09 149
400
Apr-16 539
300 200
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
100
Year Over Year 800 600 400 200 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
5 Research performed by
Median Sales Price – SFR April
Year to Date $204,000
$195,864
$190,000 $190,000
$189,900
2014
2015
$187,000
2014
2016
2015
2016
Historical Data $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 $170,000 $160,000 $150,000
Jun-06 $242,310
Jan-16
May-15
Jan-15
Sep-14
Jan-14
May-14
Sep-13
May-13
Jan-13
Sep-12
Jan-12
May-12
Sep-11
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
May-09
Jan-09
Sep-08
Jan-08
May-08
Sep-07
May-07
Jan-07
Sep-06
Jan-06
May-06
Sep-12 $160,163
Sep-15
Apr-16 $195,864
6 Research performed by
Sold to List Price Ratio – SFR April
Year to Date 96% 95%
94%
94%
2014
2015
2016
94%
94%
2014
2015
2016
Historical Data Jan-06 98%
Apr-16 96%
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
April-09 & Apr-11 86%
May-06
100 98 96 94 92 90 88 86 84 82 80
7 Research performed by
New Construction vs Resale – SFR % of Total Sales
April
Year to Date
68%
69%
65%
69%
67%
63%
32%
31%
35%
31%
33%
37%
2014
2015
2016
2014
2015
2016
New Construction
New Construction
Resale
Resale
Historical Data – % of Total Sales 90%
800
80%
Apr-13 78%
Apr-16 65%
70%
700 600
60%
Jun-13 64%
Dec-13 64%
500
50% 40%
Apr-16 35%
Dec-13 36%
Jun-13 36%
400 300
30% 200
20%
Apr-13 22%
100
10%
Total SFR Sales
Jan-16
Mar-16
Nov-15
Jul-15
Sep-15
Mar-15
May-15
Jan-15
Sep-14
% New Construction
Nov-14
Jul-14
Mar-14
May-14
Jan-14
Sep-13
Nov-13
Jul-13
Mar-13
May-13
Jan-13
Nov-12
Sep-12
Jul-12
May-12
Mar-12
Jan-12
Nov-11
0
Sep-11
0%
% Resale
8 Research performed by
New Construction vs Resale – SFR Median Sales Price
April
Year to Date $226,101
$218,495
$216,864
$180,000
$174,250
2014
$179,900
2015
2014
Resale
$228,415 $186,000
$173,500
$169,900
2016
New Construction
$229,738
$226,810
2015
2016
New Construction
Resale
Historical Data – Median Sales Price Mar-14 $249,440
$260,000
Apr-16 $226,101
$240,000 $220,000
Aug-12 $183,320
$200,000 $180,000
$140,000
Apr-16 $179,900
Aug-14 $184,900
$160,000
Nov-11 $145,000
New Construction
Mar-16
Jan-16
Nov-15
Sep-15
Jul-15
May-15
Jan-15
Mar-15
Nov-14
Sep-14
Jul-14
May-14
Mar-14
Jan-14
Sep-13
Nov-13
Jul-13
May-13
Jan-13
Mar-13
Nov-12
Sep-12
Jul-12
May-12
Mar-12
Jan-12
Nov-11
Sep-11
$120,000
Resale
9 Research performed by
Closed Sales – Condo April
Year to Date
450
1,423
1,402
416
343
1,242
2014
2015
2014
2016
2015
2016
Historical Data May-06 845
900 800 700
Apr-16 416
600 500 400 Jan-09 117
300 200
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
100
Year Over Year 500 400 300 200 100 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
10 Research performed by
Median Sales Price – Condo April $115,000
Year to Date $115,500 $115,000 $111,750 $108,000
$112,000
2014
2015
2014
2016
2015
2016
Historical Data Jun-07 $249,921
$250,000 $200,000
Apr-16 $115,500
Nov-11 $93,450
$150,000 $100,000
Jan-16
Aug-15
Mar-15
Oct-14
May-14
Dec-13
Jul-13
Feb-13
Sep-12
Apr-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Jul-08
Dec-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
$50,000
Sold to List Price Ratio – Condo April 92%
Year to Date 92%
92% 91% 90%
90%
2014
2015
2014
2016
2015
2016
Historical Data Apr-09 & May-09 81%
Apr-16 92%
Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16
100 95 90 Mar-06 85 & Apr-06 98% 80 75
11 Research performed by
Closed Sales – Residential Lot April
Year to Date
118
343
103
333 73 292
2014
2015
2014
2016
2015
2016
Historical Data 300
Apr-06 266
250 200
Apr-16 73
150 100
Jan-09 11
50
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
0
Year Over Year 150 100 50 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
12 Research performed by
Median Sales Price – Residential Lot April
Year to Date $53,500 $45,000
$44,550
2015
2016
$60,000 $44,000
$40,000
2015
2016
2014
2014
Historical Data Aug-06 $130,000
$150,000 $100,000
Apr-16 $40,000
Nov-11 $15,000
$50,000
Jan-16
Aug-15
Mar-15
Oct-14
May-14
Dec-13
Jul-13
Feb-13
Sep-12
Apr-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Jul-08
Dec-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
$0
Sold to List Price Ratio – Residential Lot April
Year to Date 83%
84%
82% 83%
2014
83%
2015
81%
2014
2016
2015
2016
Historical Data 120 100
Apr-06 99%
Apr-16 83%
80 60
Nov-11 47%
Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16
40
13 Research performed by
At a glance… SFR Sales Month
Inventory
YTD
Month
Condo Sales Inventory Month
YTD
Month
Residential Lot Sales Inventory Month
YTD
Month
Median Sales Price
$195,864
Median Sales Price
$115,500
Research performed by
Median Sales Price
$40,000
Contents Active Inventory Inventory Trends – SFR & Condo Closed Sales – SFR Median Sales Price – SFR Sold to List Price Ratio – SFR New Construction vs Resale – SFR % of Total Sales Median Sales Price
3
Closed Sales – Condo Median Sales Price – Condo Sold to List Price Ratio – Condo
10
Closed Sales – Residential Lot Median Sales Price – Residential Lot Sold to List Price Ratio – Residential Lot
12
4 5 6 7 8 9
11 11
13 13
Be sure to check out our website for daily updates and breaking news in the real estate and financial markets, also… “Like” us on Facebook – www.facebook.com/SiteTechSystems Follow us on Twitter – @SiteTechSystems www.sitetechsystems.com
2 Research performed by
Grand Strand Active Inventory Single Family Residential Horry Co. Georgetown Total Average List Price Median List Price
Distribution by Price Range
# Listings 4,751 771 5,522 $351,129 $254,000
Condo/Townhome Horry Co. Georgetown Total Average List Price Median List Price
Total Average List Price Median List Price
G’town Co. 59 104 340 169 99
Distribution by Price Range
# Listings 3,844 397 4,241 $189,963 $144,900
Residential Lot Horry Co. Georgetown
Less than $150k $150k- $250k $250k- $500k $500k- $1.0 MM $1 MM +
Horry Co. 786 1,780 1,646 425 114
Less than $100k $100k- $150k $150k- $200k $200k- $400k $400k- $750k $750k +
Horry Co. 1,065 1,065 595 927 164 28
G’town Co. 28 85 83 111 68 22
Distribution by Price Range
# Listings 1,565 676 2,241 $135,309 $69,500
Less than $25k $25k- $50k $50k- $75k $75k- $100k $100k- $175k $175k- 250k $250k +
Horry Co. 259 461 257 153 200 127 108
G’town Co. 70 89 67 74 144 85 147
3 Research performed by
Grand Strand Inventory Trends SFR Inventory - April
4,974
5,520
5,522
2015
2016
5,176
4,697
2012
2013
2014
Historical Data 5,800 5,600 5,400 5,200 5,000 4,800 4,600 4,400 4,200 4,000
May-10 5,453
Nov-15
Aug-15
May-15
Feb-15
Nov-14
Aug-14
May-14
Feb-14
Nov-13
Aug-13
May-13
Feb-13
Nov-12
Aug-12
May-12
Feb-12
Nov-11
Aug-11
May-11
Feb-11
Nov-10
Aug-10
May-10
Feb-16
Apr-16 5,522
Dec-11 4,340
Condo Inventory – April 4,748 4,385
4,294
2012
4,128
2013
2014
2015
4,241
2016
Historical Data Jun-10 5,748
6,000 5,500 5,000
Apr-16 4,241
Dec-13 3,930
4,500 4,000
Feb-16
Nov-15
Aug-15
May-15
Feb-15
Nov-14
Aug-14
May-14
Feb-14
Nov-13
Aug-13
May-13
Feb-13
Nov-12
Aug-12
May-12
Feb-12
Nov-11
Aug-11
May-11
Feb-11
Nov-10
Aug-10
May-10
3,500
4 Research performed by
Closed Sales – SFR April
Year to Date 539
2,025
1,904
526
1,629
489
2014
2015
2014
2016
2015
2016
Historical Data 800
Jun-15 756
700 600 500 Jan-09 149
400
Apr-16 539
300 200
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
100
Year Over Year 800 600 400 200 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
5 Research performed by
Median Sales Price – SFR April
Year to Date $204,000
$195,864
$190,000 $190,000
$189,900
2014
2015
$187,000
2014
2016
2015
2016
Historical Data $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 $170,000 $160,000 $150,000
Jun-06 $242,310
Jan-16
May-15
Jan-15
Sep-14
Jan-14
May-14
Sep-13
May-13
Jan-13
Sep-12
Jan-12
May-12
Sep-11
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
May-09
Jan-09
Sep-08
Jan-08
May-08
Sep-07
May-07
Jan-07
Sep-06
Jan-06
May-06
Sep-12 $160,163
Sep-15
Apr-16 $195,864
6 Research performed by
Sold to List Price Ratio – SFR April
Year to Date 96% 95%
94%
94%
2014
2015
2016
94%
94%
2014
2015
2016
Historical Data Jan-06 98%
Apr-16 96%
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
April-09 & Apr-11 86%
May-06
100 98 96 94 92 90 88 86 84 82 80
7 Research performed by
New Construction vs Resale – SFR % of Total Sales
April
Year to Date
68%
69%
65%
69%
67%
63%
32%
31%
35%
31%
33%
37%
2014
2015
2016
2014
2015
2016
New Construction
New Construction
Resale
Resale
Historical Data – % of Total Sales 90%
800
80%
Apr-13 78%
Apr-16 65%
70%
700 600
60%
Jun-13 64%
Dec-13 64%
500
50% 40%
Apr-16 35%
Dec-13 36%
Jun-13 36%
400 300
30% 200
20%
Apr-13 22%
100
10%
Total SFR Sales
Jan-16
Mar-16
Nov-15
Jul-15
Sep-15
Mar-15
May-15
Jan-15
Sep-14
% New Construction
Nov-14
Jul-14
Mar-14
May-14
Jan-14
Sep-13
Nov-13
Jul-13
Mar-13
May-13
Jan-13
Nov-12
Sep-12
Jul-12
May-12
Mar-12
Jan-12
Nov-11
0
Sep-11
0%
% Resale
8 Research performed by
New Construction vs Resale – SFR Median Sales Price
April
Year to Date $226,101
$218,495
$216,864
$180,000
$174,250
2014
$179,900
2015
2014
Resale
$228,415 $186,000
$173,500
$169,900
2016
New Construction
$229,738
$226,810
2015
2016
New Construction
Resale
Historical Data – Median Sales Price Mar-14 $249,440
$260,000
Apr-16 $226,101
$240,000 $220,000
Aug-12 $183,320
$200,000 $180,000
$140,000
Apr-16 $179,900
Aug-14 $184,900
$160,000
Nov-11 $145,000
New Construction
Mar-16
Jan-16
Nov-15
Sep-15
Jul-15
May-15
Jan-15
Mar-15
Nov-14
Sep-14
Jul-14
May-14
Mar-14
Jan-14
Sep-13
Nov-13
Jul-13
May-13
Jan-13
Mar-13
Nov-12
Sep-12
Jul-12
May-12
Mar-12
Jan-12
Nov-11
Sep-11
$120,000
Resale
9 Research performed by
Closed Sales – Condo April
Year to Date
450
1,423
1,402
416
343
1,242
2014
2015
2014
2016
2015
2016
Historical Data May-06 845
900 800 700
Apr-16 416
600 500 400 Jan-09 117
300 200
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
100
Year Over Year 500 400 300 200 100 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
10 Research performed by
Median Sales Price – Condo April $115,000
Year to Date $115,500 $115,000 $111,750 $108,000
$112,000
2014
2015
2014
2016
2015
2016
Historical Data Jun-07 $249,921
$250,000 $200,000
Apr-16 $115,500
Nov-11 $93,450
$150,000 $100,000
Jan-16
Aug-15
Mar-15
Oct-14
May-14
Dec-13
Jul-13
Feb-13
Sep-12
Apr-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Jul-08
Dec-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
$50,000
Sold to List Price Ratio – Condo April 92%
Year to Date 92%
92% 91% 90%
90%
2014
2015
2014
2016
2015
2016
Historical Data Apr-09 & May-09 81%
Apr-16 92%
Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16
100 95 90 Mar-06 85 & Apr-06 98% 80 75
11 Research performed by
Closed Sales – Residential Lot April
Year to Date
118
343
103
333 73 292
2014
2015
2014
2016
2015
2016
Historical Data 300
Apr-06 266
250 200
Apr-16 73
150 100
Jan-09 11
50
Jan-16
Sep-15
May-15
Jan-15
Sep-14
May-14
Jan-14
Sep-13
Jan-13
May-13
Sep-12
Jan-12
May-12
Sep-11
Jan-11
May-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
Jan-08
May-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
0
Year Over Year 150 100 50 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
12 Research performed by
Median Sales Price – Residential Lot April
Year to Date $53,500 $45,000
$44,550
2015
2016
$60,000 $44,000
$40,000
2015
2016
2014
2014
Historical Data Aug-06 $130,000
$150,000 $100,000
Apr-16 $40,000
Nov-11 $15,000
$50,000
Jan-16
Aug-15
Mar-15
Oct-14
May-14
Dec-13
Jul-13
Feb-13
Sep-12
Apr-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Jul-08
Dec-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
$0
Sold to List Price Ratio – Residential Lot April
Year to Date 83%
84%
82% 83%
2014
83%
2015
81%
2014
2016
2015
2016
Historical Data 120 100
Apr-06 99%
Apr-16 83%
80 60
Nov-11 47%
Jan-06 May-06 Sep-06 Jan-07 May-07 Sep-07 Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16
40
13 Research performed by
