Sales & Price Stats for Park West 2009

Park West Price Stats for 2005-09PARK WEST

The number of single family homes selling in Park West has remained fairly consistent over the past several years. In 2009, 123 homes sold up from 120 in 2008 and slightly lower than the 135 homes that sold in 2007. The inventory of available homes for sale has remained around 90 homes for the past several months.

The average days a Park West home took to sell in 2009 was 160, up from 128 in 2008, an increase of about one month.

The average price per square foot of homes that sold took a dip in 2009, decreasing to $144/sf as compared to $160/square foot in 2008.

The median sales price in Park West in 2009 was $365,000 and the average sales price was $387,000, making this neighborhood readily affordable to buyers in the under $400,000 price point.
Park West Sales & Price Stats for 2005-09

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Dunes West Sales & Price Stats for 2009

Dunes West Price Stats

Dunes West

The number of homes sold in Dunes West in 2009 was 80 as compared to 87 sold in 2008.  There was a jump in closed sales in November 2009 as homebuyers took advantage of the tax credit that was to expire at the end of November (but was subsequently extended into 2010) and the very affordable prices in the neighborhood.

 The sold price per square foot of Dunes West homes continued a downward trend dropping to $155/square foot as compared to $175/square foot in 2008.  This figure reflects the duress sales in the neighborhood (short sales and foreclosures) that pulled home values downward. 

In 2009 a Dunes West home was on market an average of 191 as compared to 111 days in 2008, a jump of about 2.5 months.

In early November 2009, there were 107 single family homes for sale in Dunes West.  By January 3, 2010, that number had decreased to 87 homes.

Dunes West Sales Stats for year ending 2009

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Darrell Creek Sales & Price Stats 2005-2009

Darrell Creek Price Stats for 2009Darrell Creek Sales Stats for 2009
The number of homes that sold in Darrell Creek in 2009 was 8 as compared to 9 in 2008 and 10 in 2007. The largest changes in the Darrell Creek market in 2009 were the days on market and the average price per square foot. The average number of days Darrell Creek homes were on the market went from about 100 in 2008 to 358 in 2009. As days on market shot up, the price per square foot of the sold homes decreased to $141/sf (compared to $200/sf in 2008). The decrease in price per square foot was due to a number of duress sales in the neighborhood in 2009.

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Charleston National Sales & Price Stats 2005-2009

Chas National Sales Stats for 2009

Chas National Price Stats for 2009

The number of homes sold in Charleston National in 2009 increased to 26 after a paltry 18 sales in 2008.  The average days a home was on the market in Charleston National in 2009 was 125, basically just one week longer than the 117 days on market for 2008. 

The average price per square foot of homes sold in Charleston National in 2009 was $135/sf down significantly from $149/sf in 2008 and $160/sf in 2007.  The drop reflects a number of short sales, foreclosure and REO sales in the neighborhood in 2009.

The median and average prices of homes sold in Charleston National have trended downward since their peak in 2006; however the actual rate of decline has slowed.

 The number of homes on the market in Charleston National at the beginning of 2010 was 22, a decrease from 30 homes on the market in early November.

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Belle Hall Sales & Price Stats 2005-2009

Belle Hall Sales Stats for year ending 2009Belle Hall Sales Stats for year ending 2009

The number of homes sold in Belle Hall in 2009 continued to trend downward at 50 compared to 58 homes sold in 2008 and 79 homes sold in 2007.

The average price per square foot of the homes that sold was at $179/sf in 2009 down slightly from $181/sf in 2008, and significantly down from its peak of $203/sf in 2006 when 72 homes sold in the neighborhood.

The greatest year over year change in Belle Hall was the number of days on market. In 2008, the average number of days a home was on the market was 126. That figure shot up to 192 days in 2009. On average, it took a home an additional 66 days or two months to sell in 2009.

The median price of sold homes in Belle Hall increased to $408,000 in 2009 and is at its highest level in the 2005 to 2009 period. After taking a dip in 2008, the average price of sold homes in Belle Hall made a good come back in 2009, rising to $452,000, on par with the average sold prices in 2005 and 2006. These increasing values may be due to the sale of several higher end homes in the neighborhood in 2009.

The number of homes for sale in Belle Hall decreased from 48 homes on the market in mid November 2009 to 36 homes for sale on January 3, 2010.

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Mayor Riley, “State of the City”

Charleston, SCJobs a focus…

By Ashley Fletcher Frampton
aframpton@scbiznews.com
Published Jan. 27, 2010

During a 30-minute “State of the City” address Tuesday night, Mayor Joe Riley recounted major city projects completed during 2009 and previewed several next steps, many of which relate to job creation.

“Our future is bright, and our economic recovery is well under way,” Riley said as he began the speech before City Council members and a TV audience.

During 2009, the city received $16 million from the American Recovery and Reinvestment Act that has helped pay for affordable housing renovations, new police officers, a new community center and more, Riley said.

“These funds created jobs and added substantially to our community,” he said.

Riley said spurring economic development is always an important responsibility of city government. “But it’s never been more important than now,” he said. 

Riley pointed to the 2009 completion of the SCRA MUSC Innovation Center biotechnology incubator on Meeting Street as a huge step forward in economic development. The project, he said, “will prove to be a pivotal point in our community’s economic development history.”

To Read More: Click Here

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SEWEE Association Fundraiser!

SEWEE Fundraiser!5th Annual Music and Oysters for Wildlife Event for The SEWEE Association, directly benefiting its educational programs.

If you missed yesterday’s event, you sure don’t want to miss it next year. Even with the rain coming down there were plenty of folks  on hand to enjoy the music, oysters, silent auction, food and fun! The music was performed by:  The Blue Dogs, Occasional Milkshake, Danielle Howle, Sarah and Ed Hunnicutt, Doug Jones and Cravin’ Melon, Triple Lindy and The Whisperjets.

The SEWEE Association supports coastal South Carolina’s national wildlife refuges and forests and provides educational programming to 10,000 students, teachers and parents each year in Charleston, Berkeley and Georgetown counties.

Click on the picture or title to watch a Video from the event!

For more information on the SEWEE Association visit:  www.seweeassociation.org.

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Just Listed: 110 Sandshell Dr. Charleston, SC 29492

110 Sandshell Dr.  Shellring at St. Thomas Island MLS #2932402

Just Listed!

110 Sandshell Dr.      Mls#2932402       Shellring at St. Thomas Island

**Short Sale**The convenience of Daniel Island without the prices! This beautiful Charleston single home features an elegant 2 story foyer, formal dining room, and a huge casual Great Room with gas fireplace that adjoins the kitchen w/stainless steel appliances and granite counter tops. A luxurious first-floor owner’s suite features a large bath with walk-in closet, garden tub and separate shower. An expansive second floor game room opens to the upper level of the front porch. Also upstairs are 3 additional bedrooms and 2 full baths. There are wood floors in the living areas, tile floors in the baths, surround sound in the great room, and a screened porch for enjoying the pond and marsh views. Shell Ring offers a relaxing, island atmosphere that includes an open air oyster pavilion w/ wood burning fireplace and zero entry pool w/ fountain, in a splendid marsh side setting.

110 Sandshell Dr. Den MLS. #2932402 110 Sandshell Dr. Kitchen 110 Sandshell Dr. Pond View

To Schedule a Showing Call: 843.416.1950!

Ed@EdHunnicutt.com

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Riley’s Outlook: Mayor says city, area poised to be a leader in future economy

By Allyson Bird
The Post and Courier
Wednesday, December 9, 2009

photoPhoto by Wade Spees

Charleston Mayor Joe Riley emphasized the area’s recent positive economic news Tuesday at the Maritime Center.

When Forbes magazine ranked Charleston among the top 10 smartest cities in the world, it gave Mayor Joe Riley a reason to remind residents how pretty the city sits as it looks toward the economic future.

Standing before a choppy harbor at the Maritime Center on Tuesday, he listed some of Charleston’s and the greater area’s recent achievements, including landing the second Boeing 787 Dreamliner factory, signing a deal to keep shipping giant Maersk Line calling at the port and scoring a host of top destination rankings in national travel publications.

Riley also highlighted some of the knowledge-based industry developments, including the soon-to-open Innovation Center that will bring biotechnology research to upper Meeting Street, and the Charleston Digital Corridor initiative, which attracted a cluster of technology and life-sciences businesses to East Bay and Calhoun streets.  Read More

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Good News Keeps Flying into Charleston!

Boeing: Thousands turn out to hear construction needs for new plant
By Katy Stech
The Post and Courier
Wednesday, December 9, 2009

Photo by: Alan Hawes Boeing Subcontractors meeting at the Charleston Area Convention Center

John McAdams (wearing tan jacket), who works in the industrial construction field, joined more than 2,000 other potential subcontractors and suppliers at the Charleston Area Convention Center on Tuesday to learn of the plans and needs of the Boeing plant that will be constructed in North Charleston. General contractors BE&K and Turner Construction held the informational meeting, and accepted resumes. The state Department of Commerce said the project will create at least 2,000 construction jobs.

Photo by Alan Hawes

Jeffrey Pierce heard about Boeing’s informational meeting for local construction workers and immediately called his out-of-work colleagues, eager to spread the good news.

Relief, he told them, could be on its way.

Pierce, a Charleston handyman, hasn’t been able to secure steady work, despite the fact that he has done it all: land clearing, concrete pouring, roofing, framing, siding, plumbing, painting and cabinet installation.

Local construction companies have slashed their workforce in the absence of projects. Pierce has called around for jobs, but some firms only have a receptionist left, if that.

“They’re just answering the phones looking for work themselves,” he said….to read more

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