Sumter, SC Real Estate News

By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
Market Summary Thru May 31, 2012   Market Statistic April 2012 May 2012 Trend Median Price of Homes Sold $124,050 $136,034 + Average Price of Home Sold $132,469  $135,943 + Least Expensive Home Sold $4,000 $5,000     - Most Expensive Home Sold     $503,000 $364,000 + Price/ Sq. Ft. $72.45  $72.41 + Average Days of Market (DOM)  179 155 - Total Active Inventory  1283  1290 + Median Home Size 1680  1640 - Median Number of Bedrooms 3 3 + Median Number of Bathrooms 2 2          The number of homes sold in the Sumter South Carolina in the month of May increased from 52 in April to 71 in May.  The numbers of homes sold in Sumter County showed an increase in May that brought the number in line with prior years.  After having the April units closed fall short of prior years and not a big increa...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru April 30, 2012   Market Statistic March 2012 April 2012 Trend Median Price of Homes Sold $112,050 $124,050 +  Average Price of Home Sold $123,266  $132,469 +   Least Expensive Home Sold $14,000 $4,000     -  Most Expensive Home Sold     $349,000 $503,000 +   Price/ Sq. Ft. $63.66  $72.45 +    Average Days of Market (DOM)  177 179 +   Total Active Inventory  1212  1283 +     Median Home Size 1700  1680 -     Median Number of Bedrooms 3 3 +   Median Number of Bathrooms 2 2          The number of homes sold in the Sumter South Carolina in the month of April decreased from 56 in March to 52 in April.  The numbers of homes sold in Sumter County in April was less than exptected for a spring month, but the pendings indicate that May may also faller short of prior years sa...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru February 29, 2012   Market Statistic January 2012 February 2012 Trend Median Price of Homes Sold $128,500 $144,900 +  Average Price of Home Sold $120,785  $145,324 +   Least Expensive Home Sold $12,500 $13,000     + Most Expensive Home Sold     $315,649 $365,000 +   Price/ Sq. Ft. $66.40  $72.06 +    Average Days of Market (DOM)  160 169 +   Total Active Inventory  1196  1191 -    Median Home Size 1654  1766 +    Median Number of Bedrooms 3 4 +   Median Number of Bathrooms 2 2          The number of homes sold in the Sumter South Carolina in the month of February increased from 49 in January to 57 in February.  The February units sold fell in line with numbers of homes sold in Sumter County in February since 2009.   It is now mid March and we are experiencing an in...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru January 31, 2012   Market Statistic December 2011 January 2012 Trend Median Price of Homes Sold $137,000 $128,500 -  Average Price of Home Sold $135,199  $120,785 -  Least Expensive Home Sold $5,200 $12,500     +  Most Expensive Home Sold     $450,000 $315,649 -  Price/ Sq. Ft. $68.92  $66.40 -   Average Days of Market (DOM)  179 160 -  Total Active Inventory  1156  1196 +   Median Home Size 1755  1654 -   Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2          The number of homes sold in the Sumter South Carolina in the month of January decreased from 67 in December to 49 in January.  Remembering the market is cyclical January is one of the lowest months for sales for several years.  Sumter real estate market it is typical for the market to show a ...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru December 31, 2011   Market Statistic November 2011 December 2011  Trend Median Price of Homes Sold $120,500 $137,000 + Average Price of Home Sold $123,159  $135,199 + Least Expensive Home Sold $4,750 $5,200     +  Most Expensive Home Sold     $515,000 $450,000 -  Price/ Sq. Ft. $62.97  $68.92 +  Average Days of Market (DOM)  137 179 + Total Active Inventory  1245  1156 - Median Home Size 1698  1755 +  Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2          The number of homes sold in the month of December increased slightly to 67.  December sales showed an increase over October and November and and increase year to year over December 2010 61 units sold.  The increase in the sales in November and December brought the Year to Date 2011 Units Sold at 8...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru November 30, 2011          Market Statistic October 2011 November 2011  Trend Median Price of Homes Sold $113,700 $120,500 + Average Price of Home Sold $117,013  $123,159 + Least Expensive Home Sold $14,500 $4,750     - Most Expensive Home Sold     $265,016 $515,000 + Price/ Sq. Ft. $63.78  $62.97 - Average Days of Market (DOM)  136 137 + Total Active Inventory  1314  1245 - Median Home Size 1731  1698 - Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2          The Sumter, South Carolina real estate market experienced a shift in October and that trend appears to be continue.  The number of homes sold in the month of November increase slightly to 61, following the decrease in sales in October. While this is a decrease over the past months, it is still ...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
 Content Originally Posted on www.SumterHomePros.com   Market Summary Thru August 31, 2011         Market Statistic July 2011 August 2011  Trend Median Price of Homes Sold $140,417 $144,000 + Average Price of Home Sold $154,156  $142,616 - Least Expensive Home Sold $15,000 $6,000 - Most Expensive Home Sold     $357,000 $308,000 - Price/ Sq. Ft. $76.82  $76.36 - Average Days of Market (DOM) 141  163 + Total Active Inventory 1341  1339 - Median Home Size 1808  1751 - Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2          In Sumter, South Carolina real estate we saw home sales fall from 88 properties in July to 76 in August 2011.  The number of properties pending in Sumter was lower at the end of July vs June and the decrease in closings was expected based upon those numbe...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru April 30, 2011         Market Statistic March 2011 April 2011  Trend Median Price of Homes Sold $142,400 $125,000 - Average Price of Home Sold $151,137  $125,458 - Least Expensive Home Sold $13,000 $7,000 - Most Expensive Home Sold     $499,000 $350,000 - Price/ Sq. Ft. $75.63  $69.50 - Average Days of Market (DOM) 168  177 + Total Active Inventory 1397  1436 + Median Home Size 1826  1641 - Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2          April 2011 showed a pick up in sales in the Sumter Real Estate Market. April 2011 units sold was th highest the Sumter market has seen since June 2010.  The activity in the Sumter Real Estate Market has varied by week, but we are starting to experience the spring selling season.   While Year To Date Closings...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
My Home vs The HouseMany sellers struggle with putting their homes on the market.  Homes are a personal thing.  Homes are where we live.  Where we retreat to after a long hard day.  Where our families met up each day to discuss their days and activities. …....SCREECH!  Stop those thoughts!As a seller of a home in Sumter, you need to think of this property as a HOUSE.  It is bricks, vinyl, mortar, sheet rock and flooring.  A HOUSE has less emotional attachment than a home.  As a Realtor, one of the first things I learned was a property is a HOUSE to the Seller and a HOME to the Buyer.  It is the emotional attachment that is the only difference.  So as a seller, you are now living a in HOUSE.  Realizing this helps leave the emotional attachment a little more distant.  This HOUSE is what ...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
VA Funding Fees   Originally Posted on www.SumterHomePros.com VA Funding Fees are the money’s a borrower pays to use their VA benefits when purchasing a home.  The Funding Fees are normally added to the total principal of the loan.  When the borrower is putting no money down, the result of adding the Funding Fees is the mortgage is higher than the sale price of the home.  Though the funding fee may not seem like a lot at the time of purchase in the recent market of low appreciation if any, this increase to the mortgage can cost borrowers when they try to sell.   The VA Funding Fee is  different depending on if the veteran is using the benefit for the first time or for subsequent purchases.  The Funding Fee is also variable depending on the amount the borrower puts down on the property. ...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
Originally Posted on www.sumterhomepros.com    Market Summary Thru January 31, 2011         Market Statistic December 2010  January 2011  Trend Median Price of Homes Sold $142,500 $120,306 + Average Price of Home Sold $150,567  $133,783 + Least Expensive Home Sold $6,000 $19,900 + Most Expensive Home Sold     $550,000 $318,000 + Price/ Sq. Ft. $73.67  $74.95 + Average Days of Market (DOM) 197  150 + Total Active Inventory 1280  1356 + Median Home Size 1735  1620 - Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2          January is typically a slower month in the Sumter Real Estate Market and 2011 proved to follow prior years with the number of closings down from 61 in December 2010 to 38 in January 2011.   Year to Date closings is for the month of January only.       Days...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
Market Summary Thru December 31, 2010   Market Statistic November 2010 December 2010  Trend Median Price of Homes Sold $132,450 $142,500 + Average Price of Home Sold $136,259  $150,567 + Least Expensive Home Sold $5,000 $6,000 + Most Expensive Home Sold     $329,000 $550,000 + Price/ Sq. Ft. $71.55  $73.67 + Average Days of Market (DOM) 156  197 + Total Active Inventory 1375  1280 - Median Home Size 1707  1735 + Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2     December brought an increase in the number of real estate units sold in Sumter, SC from 44 in November to 61 in December.  This increase does reflect the increase in buyer activity agents saw in November and December.    The Year To Date Closings for 2010 fell short of the 2009 numbers.  2010 ended the year with...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
Market Summary Thru November 30, 2010   Market Statistic October 2010 November 2010  Trend Median Price of Homes Sold $128,870 $132,450 + Average Price of Home Sold $132,962  $136,259 + Least Expensive Home Sold $15,000 $5,000 - Most Expensive Home Sold     $370,000 $329,000 - Price/ Sq. Ft. $68.95  $71.55 + Average Days of Market (DOM) 165  156 - Total Active Inventory 1391  1375 - Median Home Size 1747  1707 - Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2     November saw another decrease in the number of units sold to 42 down 9 units from October.  We have been seeing more buyers looking at houses and we have had many houses close after December 1st that do not show on this report.   The Year To Date Closings for 2010 continues to lag behind 2009 numbers.  I d not ex...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
September 2010 Sumter, SC Market Report     Market Summary Thru October 31, 2010   Market Statistic September 2010 October 2010  Trend Median Price of Homes Sold $124,800 $128,870 + Average Price of Home Sold $129,378  $132,962 + Least Expensive Home Sold $6,000 $15,000 + Most Expensive Home Sold     $335,000 $370,000 + Price/ Sq. Ft. $68.99  $68.95 - Average Days of Market (DOM) 181  165 - Total Active Inventory 1397  1391 - Median Home Size 1649  1747 + Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2     October saw a decrease in the number of units sold to 51 down 23 units from September.  Interest rates are truly at historical lows, but buyers seem to be staying out of the market due to the economy and I think some apprehension about the elections.     The Year To Dat...
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Sumter, SC has one of the most well developed cultural communities I've ever lived in, especially for a town this size.  There's always something to do, something to see.  Last Friday we participated in the annual Sip & Stroll, the first of three events in the 2010-2011 Sumter Winefest.  There were 13 participants downtown, offering samples of wines and nibbles, all thankfully provided by Market Place Spirits (the wines) and New Beginning Catering Service (the nibbles). Our offering was "California Trendy", which if you knew us personally you'd appreciate how ironic that is. I looked up the vintner's website, and found Kate and Cassie Wines. We had their Cabernet Sauvignon-Merlot blend, and Chardonnay.   Some work had to be done to get the place ready. Yana and Betty got the greenery re...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Willard Farms is located just outside Sumter off highway 378 in Gables.  Willards is a family farm that produces fresh produce through the summer  and fall months and this fall has introduced a corn maze and pumpkin patch.  They do offer Community Supported Agriculture which allows families in the community to purchase vegetables that are delivered fresh on a weekly basis.   This was my first visit to Willard’s and wow!  It is a cool place!  They have many different options for activities.  With 20 month old Maddie with us, we opted for the hayride to the pumpkin patch and pumpkins for each of us.  The hayride was in a long wagon (no hay) with nice wooden sides along the sides.  The best part was the family works the farm.  We met one of the brothers who was driving the hay ride.  He ...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
Many churches and civic organizations are having fund raisesr and fall events in and around Sumter.  Take some time and enjoy the cooler weather and have some fun with family and friends.  More information can be found at the links below.  I have tried to add all that I could find, if you know of an activity I missed, please let me know! One Day Events In Sumter CountyOct 29 - Miss Libby’s School of DanceOct. 30 - Halloween on MainOct. 31 - Pinewood Baptist Churck Trunk or TreatOct 31 - Alice Drive Baptist Church Fall Festival On Going EventsOct 8 - 31 West Columbia-Jaycees Hall of Horrors Check Website for dates and times! Oct 13-24: South Carolina State Fair - Columbia - midway rides & games, exhibits, live entertainment, food, livestock, exhibits Oct 16-24: Steam Train Rides - Winns...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
Tucked back in a city block among historical homes is a nice quiet park in the Historical District of Sumter, SC.  This park is almost a city block and is surround partially with a brick and iron fencing.  The park features a 1/3 mile walking trail around it and a large center walk way leading up to covered area.  Sure this has a name but not sure the proper name!There is a nice play area for the kids with a slide area for smaller tots and a larger triple slide for 5 to 12 year olds as the sign says, but I have seen an adult on there!  There are two sets of swings, one with child safety seats and the second with regular swings.  A large open area is great for playing frisbee or just letting the kids run.  The park also has two tennis courts! The best part of this park?  It sits under a...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  Market Summary Thru September 30, 2010   Market Statistic August 2010 September 2010  Trend Median Price of Homes Sold $132,363 $124,800 - Average Price of Home Sold $122,516  $129,378 + Least Expensive Home Sold $4,300 $6,000 + Most Expensive Home Sold     $310,000 $335,000 + Price/ Sq. Ft. $68.12  $68.99 + Average Days of Market (DOM) 169  181 + Total Active Inventory 1425  1397 - Median Home Size 1630  1649 + Median Number of Bedrooms 3 3   Median Number of Bathrooms 2 2     September had 74 residential properties close. An increase of 12 units over August 2010.  Looking at the Monthly Units Closed chart, one might expect to see a peak in November as we did last year, but I would feel confident in saying we won't see that peak this year.  That peak was generated with the end of the...
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By Kim Peasley-Parker
(AgentOwned Realty, Heritage Group, Inc.)
  When visiting a historical area, one may see these steps at the street and wonder. They are too low to be a bench.  Do they cover up something?  Why are they between the road and the sidewalk?  What is this thing just stuck out there on it’s own and they are usually directly between the road and the front door of the building.These are carriage steps and date back to horse drawn carriages.  The carriages sat high and these steps were designed so riders could exit carriages easily and gracefully.  I have seen many of them in Charleston, SC down on the peninsula, but today was the first day I realized we had them in Sumter still.  I was in the downtown area and within two blocks found several examples.  I will now be on the look out for carriage steps in Sumter. Copyright, Kim Peasley-P...
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