Grand Strand Monthly Market Report December 2016
Grand Strand Market Report December 2016 Sales activity in the Grand Strand ended 2016 with a solid month of sales. SFR sales are up 2.0% for the month and up 4.1% for the year; setting a new market record for the month of December with 553 sales. Condo sales are up 4.5% for the month and up 8.9% for the year. Residential lot sales are down 18.6% for the month and down 9.8% for the year. Inventory for SFRs and condos continues to tighten. SFR sales volume increased 2.0% in December with year-to-date SFR sales also up 4.1% compared to 2015. Median sales price increased slightly to $210,937 up 0.4% for the month, and up 3.1% in 2016. When compared to December 2015, sales prices for new construction are up 7.8% while sales prices of resales are also up 3.6%. Year-to-date, the median sales price for new construction and resales are up 0.6% and 5.4% respectively. The average sold-to-list ratio for Single Family Residential sales in December was 96%, flat compared to the same month in 2015. SFR inventory continues to tighten as inventory is down 2.8% from 2015. Condo sales increased 4.5% compared to December 2015 and up 8.9% year-to-date compared to 2015. Median sales price increased 10.0% to $126,000 in December and maintained its growth at 4.3% for the year. Condo inventory continued to tighten as inventory is down as compared to prior year levels: down 14.1% compared to December 2015. The average sold to list ratio for condo sales in December was 93%, up 300 basis points compared to the same month in 2015. Condo inventory continues to fall as year-over-year inventory has fallen for more than 5 years. Residential lot sales were down 18.6% in December compared to 2015 and down 9.8% year-todate. However, median sales price increased 18.2% for the month compared to 2015 with the year-to-date sales price also increasing by 8.9%. Sold to list ratios are down to 83%, down 800 basis points compared to December 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
$210,937
Median Sales Price
$126,000
Research performed by
Median Sales Price
$56,750
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 3,983 698 4,681 $356,553 $254,900
Condo/Townhome Horry Co. Georgetown Total Average List Price Median List Price
Total Average List Price Median List Price
G’town Co. 63 92 313 139 91
Distribution by Price Range
# Listings 3,191 338 3,529 $204,431 $159,900
Residential Lot Horry Co. Georgetown
Less than $150k $150k- $250k $250k- $500k $500k- $1.0 MM $1 MM +
Horry Co. 604 1,539 1,374 371 95
Less than $100k $100k- $150k $150k- $200k $200k- $400k $400k- $750k $750k +
Horry Co. 785 776 539 910 154 27
G’town Co. 14 63 75 86 85 15
Distribution by Price Range
# Listings 1,334 585 1,919 $137,110 $74,900
Less than $25k $25k- $50k $50k- $75k $75k- $100k $100k- $175k $175k- 250k $250k +
Horry Co. 187 350 244 127 200 115 111
G’town Co. 63 72 55 78 119 73 125
3 Research performed by
Grand Strand Inventory Trends SFR Inventory - December 4,883
4,816 4,681
4,564
4,473
2012
2013
2014
2015
2016
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-16
Aug-16
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
May-16
Dec-16 4,681
Dec-11 4,340
Condo Inventory – December 4,045
2012
3,930
2013
3,837
3,716
2014
2015
3,191
2016
Historical Data Jun-10 5,748
6,000 5,500 5,000
Dec-13 3,930
4,500 4,000 3,500
Nov-16
Aug-16
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
May-16
Dec-16 3,191
3,000
4 Research performed by
Closed Sales – SFR December
Year to Date 553
6,900
7,182
2015
2016
5,910 542
527
2014
2015
2014
2016
Historical Data 900 800
Jun-15 756
700 600 500
Jan-09 149
400
Dec-16 553
300 200
Sep-16
Jan-16
May-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
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
May-08
Jan-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 December
Year to Date $210,000
$210,937
$210,000
$203,625
$199,000
$190,355
2014
2015
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
Dec-16 $210,937 Jun-06 $242,310
Nov-16
Jun-16
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
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
Sep-12 $160,163
6 Research performed by
Jan-06
Jan-10
Research performed by
Sep-16
May-16
Jan-16
Sep-15
2015
May-15
Jan-15
Sep-14
May-14
2014
Jan-14
Sep-13
2016
Jan-13
December
May-13
95%
Sep-12
May-12
Jan-12
Sep-11
May-11
Jan-11
Sep-10
May-10
2015
Sep-09
96%
May-09
Jan-09
Sep-08
May-08
2014
Jan-08
Sep-07
May-07
Jan-07
Sep-06
100 98 96 94 92 90 88 86 84 82 80
May-06
Sold to List Price Ratio – SFR Year to Date
96% 96%
95%
94%
2016
Historical Data
Jan-06 98%
Dec-16 96%
December-09 & Apr-11 86%
7
New Construction vs Resale – SFR % of Total Sales
December
Year to Date
60%
61%
67%
66%
65%
65%
40%
39%
33%
34%
35%
35%
2014
2015
2016
2014
2015
2016
New Construction
New Construction
Resale
Resale
Historical Data – % of Total Sales 90%
800
80%
Apr-13 78%
700
70%
600
60%
Jun-13 64%
Dec-13 64%
Dec-16 67%
500
50% 400 40%
Dec-13 36%
Jun-13 36%
300
30% 20%
Dec-16 33%
Apr-13 22%
200 100
10%
Total SFR Sales
% New Construction
Dec-16
Sep-16
Jun-16
Mar-16
Dec-15
Sep-15
Jun-15
Mar-15
Dec-14
Sep-14
Jun-14
Mar-14
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
0
Sep-11
0%
% Resale
8 Research performed by
New Construction vs Resale – SFR Median Sales Price
December $239,000
Year to Date
$231,000 $190,000
$169,450
2014
2015
2016
New Construction
2014
Resale
$195,000
$185,000
$172,700
$196,875
$231,341
$230,000
$224,392
$249,000
2015
2016
New Construction
Resale
Historical Data – Median Sales Price $280,000 Dec-16 $249,000
Mar-14 $249,440
$260,000 $240,000 Aug-12 $183,320
$220,000 $200,000 $180,000
Dec-16 $196,875
$160,000
New Construction
Dec-16
Sep-16
Jun-16
Mar-16
Dec-15
Sep-15
Jun-15
Mar-15
Dec-14
Sep-14
Jun-14
Mar-14
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
$120,000
Nov-11 $145,000
Sep-11
$140,000
Aug-14 $184,900
Resale
9 Research performed by
Closed Sales – Condo December
Year to Date 375
4,950 4,545
359 4,168
354
2014
2015
2014
2016
2015
2016
Historical Data May-06 845
900 800 700
Dec-16 375
600 500 400 Jan-09 117
300 200
Sep-16
Jan-16
May-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
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
May-08
Jan-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
100
Year Over Year 600 500 400 300 200 100 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
10 Research performed by
Median Sales Price – Condo December
Year to Date $126,000 $120,000
$118,750 $114,500 $115,000
$114,000
2014
2015
2014
2016
2015
2016
Historical Data Jun-07 $249,921
$250,000 $200,000
Dec-16 $126,000
Nov-11 $93,450
$150,000 $100,000
Nov-16
Jun-16
Jan-16
Aug-15
Mar-15
Oct-14
Dec-13
May-14
Jul-13
Feb-13
Apr-12
Sep-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jan-06
Jun-06
$50,000
Sold to List Price Ratio – Condo December
Year to Date 93%
93% 92%
91% 90%
2014
91%
2015
2014
2016
2015
2016
Historical Data Apr-09 & December09 81%
Nov-16
Jun-16
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
Dec-08
Jul-08
Feb-08
Sep-07
Dec-16 93%
Apr-07
Nov-06
Jun-06
Jan-06
100 95 90 Mar-06 85 & Apr-06 98% 80 75
11 Research performed by
Closed Sales – Residential Lot December
Year to Date
133 1,097
1,097
81 66 980
2014
2015
2014
2016
2015
2016
Historical Data 300
Apr-06 266
250 200
Dec-16 66
150 100
Jan-09 11
50
Sep-16
Jan-16
May-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
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
May-08
Jan-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 December
Year to Date $56,750 $49,900
$49,900
$49,000
$48,000
2014
$45,000
2015
2014
2016
2015
2016
Historical Data Aug-06 $130,000
$150,000 $100,000
Dec-16 $56,750
Nov-11 $15,000
$50,000
Nov-16
Jun-16
Jan-16
Aug-15
Mar-15
Oct-14
Dec-13
May-14
Jul-13
Feb-13
Apr-12
Sep-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jan-06
Jun-06
$0
Sold to List Price Ratio – Residential Lot December
Year to Date
91%
82%
83%
2015
2016
83% 76%
76%
2014
2015
2014
2016
Historical Data Apr-06 99%
120 100
Dec-16 83%
80 60
Nov-16
Jun-16
Jan-16
Aug-15
Mar-15
Oct-14
May-14
Dec-13
Jul-13
Feb-13
Sep-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
40
Apr-12
Nov-11 47%
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
$210,937
Median Sales Price
$126,000
Research performed by
Median Sales Price
$56,750
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 3,983 698 4,681 $356,553 $254,900
Condo/Townhome Horry Co. Georgetown Total Average List Price Median List Price
Total Average List Price Median List Price
G’town Co. 63 92 313 139 91
Distribution by Price Range
# Listings 3,191 338 3,529 $204,431 $159,900
Residential Lot Horry Co. Georgetown
Less than $150k $150k- $250k $250k- $500k $500k- $1.0 MM $1 MM +
Horry Co. 604 1,539 1,374 371 95
Less than $100k $100k- $150k $150k- $200k $200k- $400k $400k- $750k $750k +
Horry Co. 785 776 539 910 154 27
G’town Co. 14 63 75 86 85 15
Distribution by Price Range
# Listings 1,334 585 1,919 $137,110 $74,900
Less than $25k $25k- $50k $50k- $75k $75k- $100k $100k- $175k $175k- 250k $250k +
Horry Co. 187 350 244 127 200 115 111
G’town Co. 63 72 55 78 119 73 125
3 Research performed by
Grand Strand Inventory Trends SFR Inventory - December 4,883
4,816 4,681
4,564
4,473
2012
2013
2014
2015
2016
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-16
Aug-16
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
May-16
Dec-16 4,681
Dec-11 4,340
Condo Inventory – December 4,045
2012
3,930
2013
3,837
3,716
2014
2015
3,191
2016
Historical Data Jun-10 5,748
6,000 5,500 5,000
Dec-13 3,930
4,500 4,000 3,500
Nov-16
Aug-16
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
May-16
Dec-16 3,191
3,000
4 Research performed by
Closed Sales – SFR December
Year to Date 553
6,900
7,182
2015
2016
5,910 542
527
2014
2015
2014
2016
Historical Data 900 800
Jun-15 756
700 600 500
Jan-09 149
400
Dec-16 553
300 200
Sep-16
Jan-16
May-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
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
May-08
Jan-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 December
Year to Date $210,000
$210,937
$210,000
$203,625
$199,000
$190,355
2014
2015
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
Dec-16 $210,937 Jun-06 $242,310
Nov-16
Jun-16
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
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
Sep-12 $160,163
6 Research performed by
Jan-06
Jan-10
Research performed by
Sep-16
May-16
Jan-16
Sep-15
2015
May-15
Jan-15
Sep-14
May-14
2014
Jan-14
Sep-13
2016
Jan-13
December
May-13
95%
Sep-12
May-12
Jan-12
Sep-11
May-11
Jan-11
Sep-10
May-10
2015
Sep-09
96%
May-09
Jan-09
Sep-08
May-08
2014
Jan-08
Sep-07
May-07
Jan-07
Sep-06
100 98 96 94 92 90 88 86 84 82 80
May-06
Sold to List Price Ratio – SFR Year to Date
96% 96%
95%
94%
2016
Historical Data
Jan-06 98%
Dec-16 96%
December-09 & Apr-11 86%
7
New Construction vs Resale – SFR % of Total Sales
December
Year to Date
60%
61%
67%
66%
65%
65%
40%
39%
33%
34%
35%
35%
2014
2015
2016
2014
2015
2016
New Construction
New Construction
Resale
Resale
Historical Data – % of Total Sales 90%
800
80%
Apr-13 78%
700
70%
600
60%
Jun-13 64%
Dec-13 64%
Dec-16 67%
500
50% 400 40%
Dec-13 36%
Jun-13 36%
300
30% 20%
Dec-16 33%
Apr-13 22%
200 100
10%
Total SFR Sales
% New Construction
Dec-16
Sep-16
Jun-16
Mar-16
Dec-15
Sep-15
Jun-15
Mar-15
Dec-14
Sep-14
Jun-14
Mar-14
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
0
Sep-11
0%
% Resale
8 Research performed by
New Construction vs Resale – SFR Median Sales Price
December $239,000
Year to Date
$231,000 $190,000
$169,450
2014
2015
2016
New Construction
2014
Resale
$195,000
$185,000
$172,700
$196,875
$231,341
$230,000
$224,392
$249,000
2015
2016
New Construction
Resale
Historical Data – Median Sales Price $280,000 Dec-16 $249,000
Mar-14 $249,440
$260,000 $240,000 Aug-12 $183,320
$220,000 $200,000 $180,000
Dec-16 $196,875
$160,000
New Construction
Dec-16
Sep-16
Jun-16
Mar-16
Dec-15
Sep-15
Jun-15
Mar-15
Dec-14
Sep-14
Jun-14
Mar-14
Dec-13
Sep-13
Jun-13
Mar-13
Dec-12
Sep-12
Jun-12
Mar-12
Dec-11
$120,000
Nov-11 $145,000
Sep-11
$140,000
Aug-14 $184,900
Resale
9 Research performed by
Closed Sales – Condo December
Year to Date 375
4,950 4,545
359 4,168
354
2014
2015
2014
2016
2015
2016
Historical Data May-06 845
900 800 700
Dec-16 375
600 500 400 Jan-09 117
300 200
Sep-16
Jan-16
May-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
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
May-08
Jan-08
Sep-07
Jan-07
May-07
Sep-06
Jan-06
May-06
100
Year Over Year 600 500 400 300 200 100 0 Jan
Feb
Mar
Apr
May
Jun
Jul
2015
2016
Aug
Sep
Oct
Nov
Dec
10 Research performed by
Median Sales Price – Condo December
Year to Date $126,000 $120,000
$118,750 $114,500 $115,000
$114,000
2014
2015
2014
2016
2015
2016
Historical Data Jun-07 $249,921
$250,000 $200,000
Dec-16 $126,000
Nov-11 $93,450
$150,000 $100,000
Nov-16
Jun-16
Jan-16
Aug-15
Mar-15
Oct-14
Dec-13
May-14
Jul-13
Feb-13
Apr-12
Sep-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jan-06
Jun-06
$50,000
Sold to List Price Ratio – Condo December
Year to Date 93%
93% 92%
91% 90%
2014
91%
2015
2014
2016
2015
2016
Historical Data Apr-09 & December09 81%
Nov-16
Jun-16
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
Dec-08
Jul-08
Feb-08
Sep-07
Dec-16 93%
Apr-07
Nov-06
Jun-06
Jan-06
100 95 90 Mar-06 85 & Apr-06 98% 80 75
11 Research performed by
Closed Sales – Residential Lot December
Year to Date
133 1,097
1,097
81 66 980
2014
2015
2014
2016
2015
2016
Historical Data 300
Apr-06 266
250 200
Dec-16 66
150 100
Jan-09 11
50
Sep-16
Jan-16
May-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
May-11
Jan-11
Sep-10
Jan-10
May-10
Sep-09
Jan-09
May-09
Sep-08
May-08
Jan-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 December
Year to Date $56,750 $49,900
$49,900
$49,000
$48,000
2014
$45,000
2015
2014
2016
2015
2016
Historical Data Aug-06 $130,000
$150,000 $100,000
Dec-16 $56,750
Nov-11 $15,000
$50,000
Nov-16
Jun-16
Jan-16
Aug-15
Mar-15
Oct-14
Dec-13
May-14
Jul-13
Feb-13
Apr-12
Sep-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jan-06
Jun-06
$0
Sold to List Price Ratio – Residential Lot December
Year to Date
91%
82%
83%
2015
2016
83% 76%
76%
2014
2015
2014
2016
Historical Data Apr-06 99%
120 100
Dec-16 83%
80 60
Nov-16
Jun-16
Jan-16
Aug-15
Mar-15
Oct-14
May-14
Dec-13
Jul-13
Feb-13
Sep-12
Nov-11
Jun-11
Jan-11
Aug-10
Mar-10
Oct-09
May-09
Dec-08
Jul-08
Feb-08
Sep-07
Apr-07
Nov-06
Jun-06
Jan-06
40
Apr-12
Nov-11 47%
13 Research performed by
