48% Condos/Townhomes Either Foreclosures or Short Sales Under Contract Last Week

Posted By Cathy Hunnicutt @ Dec 27th 2011 2:59pm In: Market Stats

Kiawah Island SC Golf Resort - Home of the 2012 PGA ChampionshipCharleston SC Homes Under Contract - 12/16/11-12/22/11
Seasonally expected low activity. 132 residential properties under contract past week.
   101 single family homes under contract past wk. Median LIST price $180k,$98/sqft. 23 under $100k. 1 over $1M
   32 (32%) of 101 single family homes under contract past wk were either bank owned or short sales.

14 island single family homes under contract past wk. James Island SC -3, Folly Beach SC -1, John's Island Sc -4 , Kiawah Island SC -1, Seabrook Brook Island SC -1, Edisto Island SC -2, Isle of Palms SC -1, Daniel Island SC -1
   Only 3! James Island single family homes under contract past wk listed for $100k, $185k, $324k.
   2 (67%) of 3 James Island single family homes under contract past wk were either foreclosures or short sales.

10 West Ashley single family homes under contract past wk Listed from $65k- $375k. 3 above $210k.
   2 (20%) of 10 West Ashley single family homes under contract past wk were either short sales or foreclosures.
8 North Charleston single family homes under contract past wk listed from $40k-$150k. 4 under $55k.

1(13%) of 8 North Charleston single family homes under contract past wk were either short sales or foreclosures.

19 Mt Pleasant SC homes (single family) under contract past wk listed from $95k-$870k. Median $350k, $142/sq ft. 2 under $200k. 1 over $525k.
   5 (26%) of 19 Mt Pleasant single family homes under contract past wk were either foreclosures or short sales.

2 peninsula Charleston SC homes (single family) under contract past wk. list prices $183k, $500k. Both ss/fc.

23 Summerville SC /Ladson SC homes (single family) under contract past wk listed from $60k- $850k. Median $148k, $83/sq ft. 6 $190k+

   6 (26%) of 23 Summerville SC/Ladson SC single family homes under contract past wk were either short sales or foreclosures.

23 Hanahan SC /Goose Creek SC /Moncks Corner SC single family homes under contract past week Listed from $30k- $360k. Median $119k, $73/sqft. 2 over $195k.
8(35%) of 23 Hanahan/Goose Creek/Moncks Corner SC single family homes under contract past week were either foreclosures or short sales.

29 condo/townhomes under contract past wk. 7 listed under $100k. 14 $100k-$175k. 8 $213k-$475k.

   14(48%) of 29 condo/townhomes under contract past wk were either short sales or foreclosures.



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