Another Friday and a day to show our appeciation and support for our members of the armed services. Living next to an Air Force Base, we are reminded daily of their service. Today, October 16th is a day for our entire community to be on edge. Two of our F-16 pilots from the 20th Fighter Wing were involved in a collision last night over the Atlantic. One fighter was able to land safely at Charleston Air Force Base. A search is going on for the second pilot and his plane. Please take a moment to keep this family in your prayers.
Kim Peasley-Parker, Realtor/Shareholder, AgentOwned Realty, Heritage Group, Cell 803-840-7519
In September we saw the number of units close decrease from 83 in August 2009 t0 68 in September 2009. This was a decrease from September 2008. Though we are seeing some first time home buyers taking advantage of the $8000 Tax Credit, we are not seeing as many as was expected. The tax credit does require the buyers to stay in the home for three years or repay the entire amount. This is definately a consideration if you are in the military and might have to sell the home before the three year requirement. The number of pending units increased from 157 units in August to 176 units in September indicating that we may see more units closed in October than in September.
The total number of homes sold in 2009 continues to fall short of 2008 levels. With 2009 monthly units closed less than 2008 this decline is to be expected.
The days on market decreased dramatically in September falling from 165 in August to 144 days on market as an average in September.
The number of new listings in Sumter decreased in September 2009 by a mere four units. August and September typically are very close in the number of units listed during the month. We normally see a decrease in October, November and December.
If the trends in listings follows previous years, the number of new listings will taper off in the fall and during the holidays. Bringing the total number of new listings for a year below 2008 levels.
The total number of listings available decreased from August to September. Given the trends of listings during the holidays and the number of pending units, I would expect this number to continue to trend downward until after the end of the year.
The median home price decreased in Sumter. The current price of $124,450 is an indication of the homes being sold. Along with the median home price being lower in September, the average home price, $ per square foot and median home square footage also decreased. These statistics all seem to follow along with each other. We saw this trend at the beginning of the year with smaller homes and less expensive homes affecting all of these measures.
The average price per sq. foot declined in September for the first time in seven months. In comparing the price per square foot, you notice it closely mirrors the median home price.
Remember all real estate markets are local. There is no National rules that every market in the United States follows when it comes to the ups and downs. Consumers are best served by an educated Realtors® who understands the market and how to help them buy or sell a home.
I hope you find this real estate market report for Sumter County, SC interesting. If you have any suggestions, please email me at kim@agentowned.com and I will see what I can do.
Kim Peasley-Parker
Realtors®/Shareholder
AgentOwned Realty,
Heritage Group, Inc.
Sumter, SC
Cell 803-840-7519
Serving all of Sumter County including Sumter, Dalzell, and Shaw Air Force Base area
Friday is Red, White and Blue day at AgentOwned Realty. The agent owners and mangement do this to support our troops and to show our appreciation. Mama Liz started a group on AciveRain called "Support our Troops Friday" and I like to post the National Anthem. I am fortunate and get to hear the National Anthem daily from the loud speakers at Shaw Air Force Base. I like to post the Anthem every week to remind everyone how fortunate we are to live in the United States, I also realize most Americans do not hear the National Anthem weekly unless they are sports fans.
Have a great weekend,
Kim Peasley-Parker, Realtor(R)/Shareholder, AgentOwned Realty, Sumter, SC
Kim Peasley-Parker | AgentOwned Realty Co. | 803-840-7519
3600 Rhododendron, Sumter, SC
Wintergreen Subdivision Close to Shaw and Shopping
3BR/2BA Single Family House
offered at $141,900
Year Built
2004
Sq Footage
1,568
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
1
Parking
Unspecified
Lot Size
.46 acres
HOA/Maint
$0 per month
DESCRIPTION
Home is move in ready. Located on a corner lot in Wintergreen Subdivision close to Shaw, shopping and easy access to 378 to get to Columbia. This home a tile foyer that is open to the great room with a cathedral ceiling. Great room is large enough for a sectional or living room suite. The kitchen has plenty of counter space and storage and is adjacent to the dining area. The master bedroom has two closets and a private bathroom. The second and third bedrooms share the hall bathroom. The back porce is covered and great for enjoying relaxing evening. The lot is landscaped and has underground sprinklers. This home is ready for its new owners.
Kim Peasley-Parker | AgentOwned Realty Co. | 803-840-7519
2 Warren Court, Sumter, SC
Historic Home close to Downtown Sumter
3BR/2.5BA Single Family House
offered at $175,000
Year Built
1935
Sq Footage
2,736
Bedrooms
3
Bathrooms
2 full, 1 partial
Floors
2
Parking
Unspecified
Lot Size
.13 acres
HOA/Maint
$0 per month
DESCRIPTION
Home built in 1935 has all the charming character. The exterior is brick and siding and has brick patio at the back door. Oak hardwood floors that are well maintained are throughout the home. The living room has an original fireplace with gas logs and French doors leading to the formal dining room, another set to the Sunroom and the staircase to the second floor. The foyer has double closets and a French door to close it off from the living space. The Sunroom features an exit to the patio area and provides a naturally lit area for reading or relaxing. The Formal Dining Room is adjacent to the living room and breakfast area and is large enough for a dining room suite. The breakfast area has built in cabinets and could be used as a butler's pantry. There is a den/office/sitting room next to the living room. Giving the flexibility for multiple entertaining areas. There is also a den located at the rear of the home with an original fireplace with gas logs. The first floor bathroom is located off the central hallway and is tiled with a large storage closet. The second floor has two bedrooms with built ins and a half bath off one of the bedrooms. The large landing has a sitting area for quiet moments. A second full bath is located on the second floor. A large bonus room could be used as a bedroom with a walk in closet adjacent to it in the hallway. This home does need some TLC and is being sold as is.
Kim Peasley-Parker | AgentOwned Realty Co. | 803-840-7519
2535 Navigator Circle, Dalzell, SC
Beautiful Split Floor plan on 1.04 Partially wooded Acres
3BR/2BA Single Family House
offered at $158,900
Year Built
2006
Sq Footage
1,597
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
1
Parking
Unspecified
Lot Size
1.04 acres
HOA/Maint
$0 per month
DESCRIPTION
Home is on 1.04 acres with no back yard neighbors. The split floor plan home features laminate flooring in the Great Room, Dining Room, Kitchen, Master Bedroom and hallways. The Great room has a cathedral ceiling with ceiling fan and overlooks the large front porch. The Great Room is large enough for a sectional or several piece of furniture. The dining room has chair rail and panels to give it that special touch. The kitchen has a pantry, stainless steel appliances and white cabinets. The Master Bedroom has a cathedral ceiling and measures approximately 15'X18' and features two large walk in closets. The master bath has a tile floor, jetted tub, double vanities, linen closet and a separate commode and shower room. The second and third bedrooms are carpeted and share the hall bath that has a tile floor. The back deck offers access to the back yard. The large front porch is big enough for several rocking chairs to enjoy nice evenings.
Kim Peasley-Parker | AgentOwned Realty Co. | 803-840-7519
1775 Canberra, Sumter, SC
Beautiful Home on Corner Lot in Williamsburg
3BR/2BA Single Family House
offered at $147,500
Year Built
2007
Sq Footage
1,500
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
1
Parking
Unspecified
Lot Size
.24 acres
HOA/Maint
$0 per month
DESCRIPTION
Beautiful home with side entrance garage on corner lot in Williamsburg. Great Room has a cathedral ceiling and is large enough for all your furniture and that big screen tv. The eat in kitchen has windows overlooking the backyard and a window overlooking the side yard. The kitchen come completed with all appliances. The large master bedroom will accomodate a Kind Size bed and all your other furniture. The master bedroom has a large walk in closet with closet organizers. The master bathroom has a linen closet, garden tub and shower combo and a double vanity. The split floor plan has the second and third bedrooms sharing the hall bath. The foyer welcomes you into this home and has a coat closet with easy access to foyer and garage entrance. Utility room has extra storage cabinets and access to the garage.
Hope everyone had a good August and part of September. From my talks with many Realtors®, we are seeing a very different market than what we have experienced in the past. Yes, you can say "Duh, Kim, we all know that." But I am not talking solely about the level of sales. I am talking about what is getting buyers' attention in properties. All the Realtors® I have spoken with have found that homes they think will sell quickly do not. Homes they think might linger on the market go under contract. Buyers are being fickle (sorry buyers, I don't mean this as an insult, it is just a fact). As Realtors® we once could tell a seller exactly what would sell a home price, location, preparation for the sale and several other items. These rules seem to have been thrown out in today's market. In asking all the Realtors®, what they find are selling homes and the answer is the same. They don't seem to have a good answer as it changes from buyer to buyer. With that being said, here are the August Sumter, South Carolina Market Statistics.
Summary of the Market Thru August 31, 2009
Market Statistic
July 2009
August 2009
Trend
Median Price of Homes Sold
$137,250
$140,000
+
Average Price of Home Sold
$140,366
$151,923
+
Least Expensive Home Sold
$15,000
$30,000
Most Expensive Home Sold
$390,000
$400,000
Price/ Sq. Ft.
$75.69
$78.41
+
Average Days of Market (DOM)
191
165
-
Total Active Inventory
1337
1345
+
Median Home Size
1742
1789
Median Number of Bedrooms
3
3
Median Number of Bathrooms
2
2
The number of homes sold in Sumter during July 2009 was 106 and in August that number decreased to 83. While we did see the units closed or sold decrease, the units was only 4 units less than August 2008. The number of pending units is still strong so we expect to see more units closing over the next several months too.
The total number of homes sold in 2009 has lagged behind the year to date total for 2008. This is to be expected as the monthly numbers with some exceptions have fallen behind.
While days on the market decreased in August, this put the Days on Market back down to where it was before the spike we saw in July.
The number of new listings in Sumter increased in August 2009. July had shown Sumter the lowest number of new listings in since January 2009. Listings are cyclical and historically July and August have proven to been months where a large number of listings come onto the market.
The Year To Date listings in the Sumter market for 2009 is following very closely with the 2005 Year To Date listings as far as overall trends. If Sumter continues to follow this trend, I would expect to see the number of listings level off for the remainder of the year.
A combination of units sold during the month and the increase in homes listed resulted in a upward movement of the total number of homes available. This statistic is new to the report and it gives buyers and sellers a feeling for what is on the market. I am still watching it to determine what it is showing.
The median home price continues to increase over time in Sumter. The current price of $140,000 has only seen one month higher since January 2004. During the fall and winter of 2008-2009, we did see the median home price down, but in the past six months the median home prices have come back. Much of the fluctuation during these months was due to the mix of properties being sold.
The average price per sq. foot continued to climb in August as it had over the past seven months. In comparing the price per square foot, you notice it closely mirrors the median home price. This would lead me to believe that we saw many investors buying lower priced homes over the fall and winter and more owner occupied properties being sold during the spring and summer.
Remember all real estate markets are local. There is no National rules that every market in the United States follows when it comes to the ups and downs. Consumers are best served by an educated Realtors® who understands the market and how to help them buy or sell a home.
I hope you find this real estate market report for Sumter County, SC interesting. If you have any suggestions, please email me at kim@agentowned.com and I will see what I can do.
Kim Peasley-Parker
Realtors®/Shareholder
AgentOwned Realty,
Heritage Group, Inc.
Sumter, SC
Cell 803-840-7519
Serving all of Sumter County including Sumter, Dalzell, and Shaw Air Force Base area
My number came up. I can't complain as this was my first time ever being chosen for jury duty. I was concerned though about being in General Sessions and Common Pleas. I didn't mind being called for traffic court, but the thought of sitting on the jury for criminal trials made me nervous.
I ended up finding the experience interesting. Many of my fellow jurors commented on how many pleas there were. The other part of our observations were that many young people need to come to court and observe this process. Sitting there for four days showed many of us that if illegal drugs and alcohol were taken out of the equation, the court dockets would have a lot less cases. Very few cases did not involve one or the other of these two components.
I am out of the courtroom now and back to work and breathing a sigh of relief. I didn't get pulled for the worst cases and was able to feel ok about the cases I did hear and have to contribute to a verdict. So my best advice, it is much better to be on the juror side of circuit court than the victim or defendant. As the judge put it, he hopes none of us ever have to sit on the other side of the rail.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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