Pawleys Island 1st Quarter Home Values 2015

Posted By Tara Melech @ Apr 11th 2015 1:15pm In: Market Statistics

 

Pawleys Island Single Family Residential Property Statistics

As of April, 2015 - These are the most recent market statistics for Single Family Detached Residential properties in Pawleys Island (29585) for the 1st Quarter of 2015, ending  March 31, 2015. The number of days on the market for the active and pending properties are also calculated as of the same quarter end date.  If you would like information on a specific area, please contact me at your convenience, with the subject as market statistics and naming the area (such as Myrtle Beach, Litchfield Beach, or Heritage Plantation) you are interested in, or just fill out the Market Statistics Request Form at the bottom of this page.  This report does not include modular or manufactured homes.

Analysis (see notes below chart)

 Active PropertiesPending PropertiesSold Properties
Total Detached 337 80 76
Average Price $654,679 $362,440 (List Price) $428,120
Median Price $450,000 $311,200 (List Price) $300,000

Days on Market

Average 260 / 145 Median

Inventory ↓ 5.8% 
Avg. Price ↓ 1.9%
Median Price ↓ 3.29%

Days on Market ↓ 2.4%

Avg 185/116 Median

Pend Properties ↓ 4.6%
Avg. Price ↑ 4.28%
Median Price ↑ 7.03%

Days on Market ↑ 9.5%

Avg 212 / Med 149

Sold Inventory ↑ 
Avg Sold Price ↓ %
Avg Med Price ↓ %
Avg Days on Market ↓%

1 Bedroom 0 0 0
Median Price - - -
Average Price - - -
Days on Market - - -

2 Bedroom 7 3 3
Average Price $293,442 $184,133 (List Price) $174,733
Median Price $229,900 $189,999 (List Price) $185,000
Days on Market

Average / Median

Inventory ↑ 28%
Avg Price ↑27.74%
Median Price ↓ 4.3 by %
Days on market ↓ 43.7% 

Avg 86

Inventory ↔ 

Avg Price ↑ 23.41%
Days on Market ↓ 60.6%

Average 41/ Median 41

Inventory Sold  ↑ 33%
Avg Price ↑ 3.39%
Days on Market ↑


3 Bedroom 146 49 38
Average Price $359,466 $311,335 (List Price) $259,437
Median Price $339,000 $285,000 (List Price) $241,500
Days on Market

Avg 186 / 126 Median

Inventory ↓ 7.5%
Avg Price ↓ 2.3%

Median Price ↓ 0.4%
Days on Market ↓ 8.8%

Avg 160 / 96 Median

Inventory ↓ 30.9%
Avg Price ↓ 10.58%
Med Price ↓ 13.3%
Days on Market ↓ 18.8%

Avg 158/ 171 Med
Inventory ↓ 30%
Average Price%
Median Price 

Days on Market 


4 Bedroom 108 19 22
Average Price $623,493 $359,892 (List Price) $502,563
Median Price $540,000 $374,900 (List Price) $333,500
Days on Market

Average 264 / 165 Median


Inventory↔%
Avg Price ↓ 3.49%
Med Price ↑ 3.45%
Days on market ↑ 4.8%

Average 202 / 136 Median

Pending Inventory ↓ 25%
Avg Price ↑ 5.7%
Med Price ↓ 8.3%
Days on Market ↑ 14.4%

Avg 272/81 Med

Sold Inventory ↑ 57%
Avg Price ↑15.9%
Med Price ↑%
Days on market ↓ 17.4%


5 Bedroom 49 8 9
Average Price $1,113,653 $668,799 (List Price) $710,049
Median Price $874,000 $517,497 (List Price) $515,000
Days on Market

Average 360 / 184 Median

Inventory ↓17.5%
Avg Price ↑ 3.5%
Med Price ↑ 7.4%
Days on Market ↓ 2%

Average 332 / 281 Median

Pending Inventory ↑ 28.5%
Avg Price ↓ 21%
Med Price ↓ 36%
Days On Market ↑ 82.5%

Avg 176/183 Med

Sold Inventory ↑ 75%
Avg Price ↑ 4%
Median Price ↓ 38.4%
Avg days on market ↑ 56%


6 Bedroom 20 1 3
Average Price $1,657,575 $999,000 $1,205,000
Median Price $1,218,750 $999,000

$1,395,000

Days on Market

Average 457 / 218 Median

Inventory ↓ 22.2%
Avg Price ↑ 21.57%
Med Price ↑ 25.2%
Days On Market ↓ 0.5%

Average 202 / 202 Median

Avg 605/605 Med
Sold Inventory↔%
Avg Price ↓ 85%
Med Price  ↓ 85%
Days on Market ↓50%


7 Bedroom 7 - 1
Average Price $1,576,142 - $1,092,500
Median Price $1,549,000 - $1,092,500
Days on Market

Avg 445 / 197 Median

Inventory ↓ 33%
Avg Price ↑ 2.6%
Med Price ↓ 7.46%
Days On Market ↓ 9.77%

Avg  /  Median

-
No Change

8 Bedroom 0 0 0
Average Price - - -
Median Price - - -
Days on Market - - -
9 Bedroom 1 0 0
Average Price $1,650,000 - -
Median Price $1,650,000 - -
Days on Market 628 - -
 

I always appreciate the opportunity to gain your trust as your local real estate expert. Statistics by Tara Melech, The Litchfield Company (843) 907-8787

 ANALYSIS:

Overall - The 4th Quarter home values were steady dropping a mere 7% in sold inventory when comparing to the 3rd quarter. The  current pending properties (due to close), offering prices are up by 4.28%, showing a strong start to 2015.  The sold inventory increased by 5.4% since 3rd quarter.  The average amount of time on market is still steadily decreasing, showing a 4.34% drop in sold inventory (or an average of 176 days on the market), and a 2.4% decrease in current listed properties.

Moving into the 1st quarter of 2015, pending properties are at about 80.5% of what closed in the 4th quarter.  This should increase over the next three months, as well as the pending price index, currently at an increase of 4.28% The average amount of time on the market is showing a slight increase.  The amount of time on the market should decrease this first quarter as the inventory is showing slight movement in the active properties for sale. 2015 should prove to be interesting and depending on factors such as mortgage rates an inventory, it should trend in the upward sold pricing.

 If you want to sell your home, I can help. It is more important than ever to have a Realtor that knows not only the area you are interested in, but also the home values, as it can change so quickly, and no two markets are the same.  

Thank you for taking the time to read this and I hope to hear from you soon!

The Pawleys Island Residential Market maintains its steadiness, shadowing the primary markets throughout the rest of the country.  Because the area is considered to be a discretionary market, or shadow market of primary markets, it is increasing at a slower pace, but moving faster every day - all in all - a healthy market, and more of an equal market between buyers and sellers.


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