Almost all REO’s are closing and Homebuying in Charleston is AMAZING!

Posted By Cathy Hunnicutt @ Mar 16th 2012 3:53pm In: Market Stats

Mount Pleasant SC the Old Village

Analysis of residential properties under contract during week of 3/9/12-3/15/12

245! residential properties under contract past week. Great buying activity continues onward!!


177 single family homes under contract past wk. Median list price $191k, $105/sqft. 32 under $100k. 11 over $1M.
54(30%) of 180 single family homes under contract past wk were either foreclosures or short sales.  10% was new construction.

27 island single family homes under contract past wk. James Island sc -6, Folly Beach sc -1, John's Island sc -4, Seabrook Island SC -1, Edisto Beach sc -3, Sullivan's Island sc -3, Wild Dunes sc -2, Isle of Palms, sc -4, Daniel Island sc -3
  6 James Island sc homes (single family) under contract past wk. List prices $90k, $164k, $199k, $268k, $310k, $665k.
  1(17%) of 6 James Island sc  single family homes under contract past wk were either bank owned or short sales.

28 West Ashley sc homes (single family) under contract past wk Listed from $40k-$425k. Median $173k,$107/sqft. 4 above $260k. 12(43%) of 28 West Ashley sc  single family homes under contract past wk were either short sales or foreclosures.

11 North Charleston sc homes (single family) under contract past wk Listed from $18k-$245k. Median $95k,$73/sqft. 1 above $150k.
5(45%) of 11 North Charleston sc single family homes under contract past wk were either foreclosures or short sales.

34 Mount Pleasant sc homes (single family) under contract past wk Listed from $85k-$1.15M. Median $344k, $158/sqft. 8 over $500k. 3 under $200k. Mt Pleasant Real Estate.
  7(21%) of 34 Mt Pleasant sc homes (single family) under contract past wk were either foreclosures or short sales. Another 12% was new construction.

12 peninsula Charleston sc homes (single family) under contract past wk Listed from $65k-$1.3M. 4 over $1M. 1 ss/fc.

35 Summerville/Ladson sc homes (single family) under contract past wk Listed from $30k-$345k. Median $130k, $79/sqft. 3 above $200k. 4 above $100/sqft, 12(34%) of 35 Summerville/Ladson sc single family homes under contract past wk were either short sales or foreclosures. Another 9% was new construction.

31 Hanahan/Goose Creek/Moncks Corner SC homes (single family) under contract past week Listed from $25k-$289k. Median $125k,$81/sqft. 2 over $225k.
  9(29%) of 31 Hanahan/Goose Creek/Moncks Corner single family homes under contract past week were either short sales or foreclosures. Another 13% were new construction.

65 condo/townhomes under contract past week in the Charleston sc Mls:   20 Listed under $100k. 28 from $100k-$180k. 5 from $200k-$300k. 12 from $325k-$950k. 15 of 65 in Mt P. 28(43%) of 65 condo/townhomes under contract past wk were either foreclosures or short sales..

Almost all REO’s are closing. Only about 50% of the short sales are closing.

Call us to get your house listed or get you into some properties to view!  843.814.4378!



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