352 Properties Under Contract! Wow!

Posted By Cathy Hunnicutt @ Apr 24th 2017 11:52am In: Market Stats

Happy Monday! Good news in real estate for your rainy Monday afternoon. The Spring market remains strong, with over 352 homes under contract last week! The median price was $285k, or $140 per sq. ft. That is awesome! Check out how each area performed...

  • 8 Daniel Island single family homes under contract past wk LISTED from $500k-$3.9M. 4 over $1M. Median $963k,$281/sqft. 
  • 23 James Island single family homes under contract past wk LISTED from $180k-$899k. 1 under $250k. 1 over $500k. 3 Seaside. Median $315k,$214/sqft. 1 under $150/sqft. 
  • 9 Johns Island single family homes under contract past wk LISTED from $175k-$589k. 1 under $200k. Median $275k,$161/sqft. 
  • 27 West Ashley single family homes under contract past wk LISTED from $45k-$800k. 5 under $175k. 6 over $400k. Median $300k,$151/sqft.
  • 21 North Chas single family homes under contract past wk LISTED from $36k-$339k. 4 under $100k. 3 over $250k. 6 Park Circle. Median $178k,$118/sqft. 
  • 40 Mt Pleasant single family homes under contract past wk LISTED from $240k-$2M. 5 Dunes West. Median $490k,$193/sqft. 19 over $500k. 2 over $1M. 3 under $150/sqft. 5(13%) new construction.
  • 12 Peninsula Charleston single family homes under contract past wk LISTED from $284k-$1.2M. 1 over $1M. Median $625k,$348/sqft
  • 68 Summerville/Ladson single family homes under contract past wk LISTED from $45k-$640k. 9 Wescott. Median $230k,$112/sqft. 5 under $125k. 6 over $400k. 
  • 54 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $95k-$635k. 5 Crowfield.  Median $217k,$111/sqft. 4 under $125k. 3 over $350k. 

So what does this mean for you? If you are a buyer and are waiting for the market to slow, or prices to go down, it doesn't seem to be happening. If you are considering selling, it's still a great time! You haven't missed the Spring market.  Prices continue to rise and buyers are looking for new inventory! We are so blessed to live in a thriving economy here in Charleston, and are excited to watch the growth continue.



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