Western Upstate Home Sale Statistics through 4th Qtr 2010

After hearing positive news from the media about our holiday retail sales being the best in several years, and the employment rate decreasing, I also have positive news to report concerning our homes sales for 2010 here in the Western Upstate MLS. The Western Upstate MLS is made up of Anderson, Pickens, & Oconee Counties.  Both the number of units that sold in 2010 and the home prices have ended on a positive note verses the trends from 2008 & 2009. Both of those years ended down in both number of homes sold and the average sold prices, and even though our gains aren’t gigantic in 2010, and least we’re seeing positive gains.  Below is a chart with the actual numbers which shows the statistics for the waterfront homes and Anderson County homes separately:

Year	Homes Sold through Dec 30	Percent change vs previous year	Average Sold Price	Percent change vs. previous year in sold price	Average Days on Market
All Western Upstate Homes ‘10	2752	+2.4%	$161,041	+.9%	161
All Western Upstate Homes ‘09	2688	-13.%	$159,598	-7.4%	156
Anderson Co Homes YTD	1354	+1.7%	$131,985	+1.5%	151
All Western Upstate Waterfront Homes ‘10	270	+33.7%	$362,577	-23.1%	194
All Western Upstate Waterfront Homes ‘09	202	-6.5%	$471,234	-9.6%	185
Anderson Co WF Homes through Sept ‘10	87	+47.5%	$287,006	-1.7%	172

I expect that the reason we saw the Anderson County waterfront home prices decline in 2010, is because 24% of all those sold were either bank owned or short sale transactions.

Here is the percent of homes selling in each price range in the tri-county area:

Price Range	Percent of Homes Sold
Up to $200,000	77.8 %
$201,000-$275,000	9.8 %
$276,000-$350,000	4.6 %
$351,000-$500,000	4.0 %
$501,000-$850,000	3.0 %
More than $851,000	.8 %

Of the 21 homes that sold year to date in the “more than $851,000 price range”, all were in Oconee Co. except five homes in Pickens Co. and one in Anderson Co.

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