by Kay Van Hoesen | Apr 25, 2012 | Commentary
As illustrated in the table below, the number of condos sold in March 2012 declined 10% compared to the same month in 2011. In February, condo sales were up sharply. It could be that the early spring weather caused some people who would have...
by Kay Van Hoesen | Apr 25, 2012 | Commentary
As evidenced by the following graphs and stats, the gap between available inventory and sales has been closing. Condo Data: 2012 ratio of sales to listings: 74% 2011 ratio of sales to listings: 69% 2010 ratio of sales to listings: 54% 2009 ratio of...
by Kay Van Hoesen | Apr 15, 2012 | Commentary
“If dredging is not completed, rental properties along the channels could lose their appeal to vacationers causing property values to decline.” North Myrtle Beach, SC: If you’re buying a channel-front property in the Cherry Grove section,...
by Kay Van Hoesen | Apr 5, 2012 | Commentary
What is a Sand State? According to the FDIC article titled “The 2009 Economic Landscape” (published 04/27/2009): The historic boom and subsequent decline in the nation’s housing market has been a defining feature of the current...
by Kay Van Hoesen | Mar 26, 2012 | Commentary
Single family homes sales have increased every month, compared to the same months in the prior year, five out of the last six months. In February 2012, sales of single family homes were up 13% over February 2011. Interestingly, over the last six months, sales of...
by Kay Van Hoesen | Mar 26, 2012 | Commentary
Clearly, over the last year, single family prices have remained stable for properties priced under $450K. As illustrated below, median prices of $450K+ single-family properties have fluctuated. In the prior 6- to 12-month period, the median price was $606K In...
