Grand Strand Market Report-- September 2015

Single Family Residential sales remain strong, up over 9% for the month and over 18% year to date, as median sales price rises 6.4%. Condo Sales are up 8.9% for the month and 9.7% year to date with median sales price up 2.6%. Residential lot sales down over 17%. Single family sales increased 9.9% in September, compared to the same month in 2014, and are up 18.4% year to date compared to 2014. Single family homes inventory declined slightly from August and remains slightly up over comparable periods. Median sales price in up 6.4% for the month and 5.2% year to date. Sales price remain up in both new construction and resales year to date. The average sold to list ratio for Single Family Residential sales in September was 96%, up 100 basis points compared to the same month in 2014 and relatively flat year to date at 95%. Condo sales increased 8.9% in September after steady growth throughout the year. Year to date, sales are up 9.7% compared to 2014. Residential lot sales were down 17.7% in September while overall year to date sales remain up 4.4% compared to 2014. median sales price decreased slightly in September to $48,000 from $50,000 and is down 2.6% year to date. Sold to list ratios were flat across the board at 78% for the month and 81% year to date.