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Pawleys Island Pier

October 28, 2014 by · Leave a Comment 

Good morning!  Welcome to my Pawleys Island Real Estate Homes page if you have never been.  Today I have an updated real estate market report along with a beautiful snapshot of the Pawleys Island Pier this morning.

I have had a lot of people inquiring about the real estate market lately and I thought it would be useful to many.  The market is always trending one way or another and below is info for those who are interested in seeing where we have been with the market and where we are headed, going into this Fall.

 

Home Sales Hit Best Levels This Year, Home Prices Rise Again:Existing Home Sales (the largest part of the housing market) made more gains in September to hit their highest annual pace for the year, according to the National Association of Realtors.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 2.4 percent to a seasonally adjusted annual rate of 5.17 million in September from 5.05 million in August. Sales are now at their highest pace of 2014.

The median existing-home price for all housing types in September was $209,700, which is 5.6 percent above September 2013. This marks the 31st consecutive month of year-over-year price gains.

Properties typically stayed on the market in September longer (56 days) than last month (53 days) and a year ago (50 days). Short sales were on the market for a median of 116 days in September, while foreclosures sold in 59 days and non-distressed homes typically took 55 days. Thirty-five percent of homes sold in September were on the market for less than a month.

Regionally, September existing-home sales in the Northeast climbed 1.5 percent to an annual rate of 680,000, but remain 1.4 percent below a year ago. The median price in the Northeast was $249,800, which is 4.8 percent higher than a year ago.

In the Midwest, existing-home sales declined 5.6 percent to an annual level of 1.17 million in September, and remain 4.9 percent below September 2013. The median price in the Midwest was $165,100, up 4.9 percent from a year ago.

Existing-home sales in the South increased 5.0 percent to an annual rate of 2.12 million in September, and are now 1.4 percent above September 2013. The median price in the South was $180,900, up 5.1 percent from a year ago.

Existing-home sales in the West jumped 7.1 percent to an annual rate of 1.20 million in September, but remain 4.0 percent below a year ago. The median price in the West was $294,200, which is 4.0 percent above September 2013.

Now for the fun part of the blog:

 

Pawleys Island Pier Video

 

Thanks for taking a peek at my page!  Please come back to visit soon!

 

Melissa Keller

LOVIN' LIFE =)

LOVIN’ LIFE =)

 

 

 

 

 

 

 

The Steel Agency

71-B DaGullah Way

Pawleys Island, SC 29585

843-344-8181

 

Pawleys Island Homes For Sale

 

Pawleys Island Pier

Pawleys Island Pier

 

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Pawleys Island Real Estate Homes