Market-wide numbers are well and good, but they don’t always tell the full story. Breaking down the data to show activity by price range, property type or construction status can often lead to more meaningful insights. For the 12-month period spanning April 2013 through March 2014:
*Closed Sales in the Coastal Carolinas region were up 10.1 percent overall. The price range with the largest gain in sales was the $200,001 to $250,000 range, where they increased 25.6 percent.
*Median Sales Price was up 6.2 percent to $148,583
*The property type with the largest price gain was the Single-Family segment, where prices increased 8.8 percent to $175,000.
*The price range that tended to sell the quickest was the $150,000 and Below range at 154 days
*8.5 months supply for Single-Family homes and 11.1 months supply for Condos.
2014 Stats continue to look strong.