Lexington SC Real Estate Blog

Lexington SC Real Estate Statistics as of 1/18/2009

So far in 2009 in Lexington, SC and the Lake Murray area 125 homes have come on the market. The minimum price home thus far for the year is $54,900 and the highest price home is a Lake Murray home priced at $1,250,000. The average list price for the area is just under $200,000 and the average size is about 2,000 square feet. In this same period of time 11 properties have gone under contract and 2 are contingent on home inspections. What this tells me is that we are definitely in a buyers market and there are plenty of homes to choose from!

Month	Year	Units Listed	Listed Volume	Listed Average	Units Sold	Sold Volume	Sold Average	Average DOM
Jan	2009	147	29,305,963	199,360	33	5,488,465	166,317	104
Totals:		147	29,305,963	199,360	33	5,488,465	166,317	104

Total Listed:147	Sold Units:33	Remaining Units:114	Inventory Accum.:3.45 *
Min Sold Price: $25,300	Average Sold Price: $166,317	Median Sold Price: $131,701	Max Sold Price: $887,000
Min List Price: $26,900	Average List Price: $199,360	Median List Price: $159,375	Max List Price: $1,250,000
* Inventory Accumulation (in months) = (# Remaining Units)/(# Sold Units/# Months)

Sales Statistics for LEXINGTON County SC

Realist's most recent recording date for this county is 01/08/2009

Single Family Residence
Time Period	Number of Sales	Median Sale Price
Nov 2008	198	$138,800
Nov 2007	356	$146,250
Oct 2008	239	$139,500
Oct 2007	400	$141,000
2008 YTD	3,535	$139,500
2007	4,673	$140,638

Condominium
Time Period	Number of Sales	Median Sale Price
Nov 2008	7	$135,000
Nov 2007	11	$123,000
Oct 2008	8	$96,000
Oct 2007	18	$177,000
2008 YTD	144	$144,950
2007	161	$125,900

Lexington SC Entry Level Homes [less than $125K]	Lexington SC Median Homes [$125K ~ $300K]	Lexington SC Upscale Homes [$300k ~ $600K]
Lexington SC Luxury Homes [over $600K]	Lexington SC Lots and Land for Sale	Columbia Real Estate for Sale

Web Link: Lexington SC Real Estate Statistics as of 1/19/2009

Lexington SC Real Estate, Columbia SC Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers - put us to work for you; our service will impress you!

Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable

In the most recent Sunday edition of The State newspaper (January 25, 2009, section F) there was a huge article about the state of the housing market in Columbia, SC. The greater Columbia, SC area is made up of 5 general areas: Irmo, NE Richland, Lexington, Downtown, and Southeast. The strongest area of town was the downtown area where sales dropped 17% from 2007 but sales prices actually rose 5%. In Lexington sales were down about 26% from 2007 and prices remained somewhat stable dropping only 1%. The general consensus of most areas in the area is that while sales have slowed, which is no big surprise, values have remained stable, which has always been a hallmark of the region. Interest rates are great and there are some great deals out there right now.

LEXINGTON SC HOME SALES STATISTICS

Sales in the 29072 zip code for Lexington have obviously picked up ! The market activity is getting much better and with the current interest rate environment, now is a great time to buy. For sellers this is very encouraging news as the market appears to picking up.

1-16-09 through 1-22-09

Lexington SC Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$149,250	55	up 27%	15	down 6%	126

Irmo Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$137,347	32	down 51%	8	-	126

Lake Murray Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$444,000	6	up 8%	2	-	125

Columbia Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$146,442	56	down 30%	8	down 34%	69

Chapin Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$154,995	10	-	1	-	93

Northeast Columbia Weekly Real Estate Statistics	Median Price	Homes Listed	% Change	Homes Sold	% Change	Days on market
	$155,950	57	down 30%	19	up 5%	105

Lexington SC Entry Level Homes [less than $125K]	Lexington SC Median Homes [$125K ~ $300K]	Lexington SC Upscale Homes [$300k ~ $600K]
Lexington SC Luxury Homes [over $600K]	Lexington SC Lots and Land for Sale	Columbia Real Estate for Sale

Web Link: Lexington SC Market Shows Significant Drop in Sales, But Value Remains Stable
 

Lexington SC Real Estate, Columbia SC Exit Real Estate Consultants is your local expert in all your Real Estate needs in Lexington, Irmo, Lake Murray, and Columbia South Carolina. You have access to the most comprehensive MLS Listing Service with free access and lots of tools for Buyers and Sellers - put us to work for you; our service will impress you!