ESTATE


Home Sales Increase in February
2009/03/24, 3:17 pm
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COLUMBIA – Nearly 2,500 residential properties were sold in South Carolina in February, up 14.3% from January. In spite of this increase, total residential sales were down 35% compared to February 2008 sales, and down 34.2% year-to-date, according to the S.C. Association of Realtors.

This mirrors the nationwide trend where residential sales rose 5.1% in February, but remain 4.6% below sales in February 2008, according to figures released Monday by the National Association of Realtors.

In the South, existing home sales rose 6.1% in February but were 11.2% below February 2008, NAR reported.

The median home price in South Carolina in February was $135,000, compared to $146,700 in the South and $165,000 nationwide.

Charleston region home sales suffered the worst of the three largest metropolitan areas of South Carolina in February, as the number of homes sold declined 42.9%, according to the S.C. Association of Realtors. The Greater Greenville region came in second and the Greater Columbia region followed with a decrease of 33.2% and 26.3% respectively.

Across the state, some areas in the state posted a year-over-year decline of more than 50%, including Cherokee and Greenwood counties, which reported declines of 62.5% and 51.5% respectively.

The lone region to report a year-over-year increase in sales was the Southern Midlands Assoc., which represents Orangeburg and reported an increase of 4.2% in February 2009. Its increase represented an increase of one sale over last year.

MLS stats – February 2009

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Jan. 08

     Jan. 09

      % chg.

     Feb. 08

     Feb. 09

      % chg.

2008 Total

2009 Total

       % chg.

Aiken 99 54 -45.50% 113 84 -25.70% 212 138 -34.90%
Beaufort 43 41 -4.70% 64 44 -31.30% 107 85 -20.60%
Charleston Trident 579 372 -35.80% 636 363 -42.90% 1215 735 -39.50%
Cherokee County 21 12 -42.90% 24 9 -62.50% 45 21 -53.30%
Coastal Carolinas 346 268 -22.50% 450 323 -28.20% 796 591 -25.80%
Greater Columbia 633 376 -40.60% 659 486 -26.30% 1292 862 -33.30%
Greater Greenville 499 331 -33.70% 591 395 -33.20% 1090 726 -33.40%
Greenwood 41 32 -22.00% 68 33 -51.50% 109 65 -40.40%
Hilton Head Area 130 87 -33.10% 141 95 -32.60% 271 182 -32.80%
Piedmont Regional Assoc. 207 136 -34.30% 260 129 -50.40% 467 265 -43.30%
Realtor Assoc. of Greater Pee Dee 146 87 -40.40% 163 84 -48.50% 309 171 -44.70%
Southern Midlands Assoc. 24 20 -16.70% 24 25 4.20% 48 45 -6.30%
Spartanburg 177 142 -19.80% 248 163 -34.30% 425 305 -28.20%
Sumter/Clarendon County 88 59 -33.00% 87 72 -17.20% 175 131 -25.10%
Western Upstate MLS 174 124 -28.70% 239 143 -40.20% 413 267 -35.40%
State totals 3,207 2,141 -33.20% 3,767 2448 -35.00% 6,974 4,589 -34.20%
Source: S.C. Association of Realtors

http://www.scbizmag.com/content/view/112464/1/

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