Home Sales Data for Sumter, SC August 1-15, 2009
Home Sales Data, August 1-15, 2009 Sumter, SC
This information was for residences; I did not include land or commercial properties. I looked only at Sumter and the surrounding area.
For the period August 1-15, 2009 there were 82 new listings posted. Lowest list price is $12,500 for a 59-year-old 780-square-foot privately owned bungalow that’s being sold as-is and has the warning, “enter in back door at your own risk” included in the agent’s remarks. Highest list price is $775,000 for an eleven-year-old executive home with 4,667 square feet, heart pine floors, a built-in gas grill and wiring for a home theater room. I hope the agent has an open house, I’ll bet it’s spiffy.
Thirty one of the 82 new listings were listed at or below $100,000, 38 were listed for above $100,000 and below $200,000, 9 were listed for above $200,000 and below $300,000, one was listed for above $300,000 and below $400,000, one was listed for above $400,000 and below $500,000, one was listed for above $600,000 and below $700,000, and one was listed above $700,000 and below $800,000. Sixteen of the new listings are new construction, two of which are pending (pre-solds), one closed (another pre-sold), and one under contract after one day on the market. Eight of the remaining new listings are pending, two closed (including one quick-sale), three are under contract (including another quick-sale), and one new listing was withdrawn after being on the market for 5 days, no idea why.
Thirty-nine properties sold (closed) during August 1-15, 2009. Four were duplexes and eight were new construction.
Eleven of the properties sold were listed at or below $100,000. Average days on market was 160 (ranged from 1 to 334). Average list-to-sales price percentage was 97.13% (ranged from 89.09% to 101.11%).
Twenty-two of the properties sold were listed above $100,000 and below $200,000. Average days on market was 247 (ranged from 2 to 647). Average list-to-sales price percentage was 97.66% (ranged from 88.53% to 101.34%).
The remaining 6 properties sold were listed above $200,000 and below $300,000. Average days on market was 164 (ranged from 33 to 417). Average list-to-sales price percentage was 97.95% (ranged from 93.77% to 102%).
In contrast, for the same period a year ago (August 1-15, 2008), 86 properties were new listings. Lowest list price was $25,000 for an at the time 62-year-old bank-owned bungalow which went through two price reductions before selling for $7,500 cash after being on the market for 74 days. Highest list price was $369,000 for a then 12-year-old custom-built home with lots of bells and whistles located in a golf community which was withdrawn after being on the market for 60 days. I’ve been inside this house; it’s lovely. It hasn’t sold, though, and the last time I was over that way (and was paying attention) it was still available as a FSBO. Thirteen of the new listings have expired, 28 have been withdrawn, five are still active (one of which was in the paper this morning as being foreclosed on) and two have been rented rather than sold. Seven of the new listings were new construction (one of which was one of our listings, withdrawn by the broker when it came to light that the fellow trying to sell it didn’t actually own it and had given his address as a vacant lot in a nearby subdivision – real estate is fun), and there were two condos. Six were listed as bank-owned properties (REO) and three were listed as short sales.
During August 1-15, 2008 37 properties sold (closed). Lowest list price was $29,900 for an at the time 53-year-old bank-owned house which underwent eight price reductions before selling for $7,500 after being on the market for 156 days. Highest list price was $307,500 for an at the time 27-year-old home with lots of upgrades and an in ground pool; it sold for $277,000 after being on the market for 162 days.
Fourteen of the 37 properties sold during that period were listed at or below $100,000. Average days on market was 142 (ranged from 38 to 445). Average list-to-sales price percentage was 95.33% (ranged from 70.18% to 103.29%).
Twenty were listed above $100,000 and below $200,000. Average days on market was 142 (ranged from 32 to 373). Average list-to-sales price was 97.77% (ranged from 88.29% to 102.15%).
Two properties were listed above $200,000 and below $300,000. Average days on market was 34 (ranged from 18 to 50). Average list-to-sales price was 97.44% (ranged from 94.87% to 100%).
The remaining home was listed above $300,000 and below $400,000. It was the highest priced listing mentioned above. Listed for $307,500, it sold for $277,000 after being on the market for 162 days.
That’s all for now.
(Based on information from the Sumter Board of Realtors®/MLS, August 21, 2009)
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