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Grand Strand Market Report

February 2016

Local-Real-Estate-Market-Stats-Logo
Single Family Residential sales up 2.1% in February; median sales price rises 4.5%.
Condo sales are up 17.8% for the month with median sales price up 5%.
Residential Lot sales up 20.6% for the month with median sales price up 15.1%.
SFR sales in February increased 2.1%, compared to the same month in 2015. Year to date, SFR
sales are up 6% compared to 2015. SFR inventory is up from January and is expected to
continue a seasonal increase. Median sales price maintained its strength at $203,750, up 4.5%
for the month. The median sales price is up in both new construction and resale activity
compared to February 2015. The average sold to list ratio for Single Family Residential sales in
February was 95%, up 100 basis points compared to the same month in 2015.
Condo sales increased 17.8% in February and are up 8.4% year to date compared to 2015.
Condo inventory increased slightly in February, but remains below its 2015 levels. It is expected
that inventory will increase slightly over the next six months due to seasonality. Median sales
price increased 5% to $115,000 in February and is up 9.5% for the year. The average sold to list
ratio for condo sales in February was 92%, up 200 basis points compared to the same month in
2015.
Residential lot sales decreased 20.6% in February compared to 2015 but remain up 13.2 year to
date. Median sales price is up 15.1% for the month compared to 2015 and down 2.2% year to
date. Sold to list ratios were up 200 basis points for the month and year to date, compared to
2015.

 

Research performed by Site Tech systems published by CCAR.