Buyers are going to have less choice and less negotiating power in Charleston SC!

Posted By Cathy Hunnicutt @ Apr 14th 2012 2:57pm In: Market Stats

Mount Pleasant SC Shem Creek230! residential properties under contract past week 4/6/12-4/12/12.

Great buying activity continues onward!! And prices are really good this week.

182 single family homes under contract past week. Median List price $245k, $118/sqft!!!!! 19 under $100k. 8 over $1M.
  48(26%) of 182 single family homes under contract past week were either foreclosures or short sales. Another 8% was new construction.

36 island single family homes under contract past week. James Island sc -15, John's Island sc -3, Seabrook Island Sc -4($399k-$996k), Kiawah Island SC -1, Edisto Island SC -1, Isle of Palms, SC -3, Wild Dunes SC -4($670k-$2M), Daniel Island SC -5($400k-$1.55M, 4 < $200/sqft).

15 James Island SC homes (single family) under contract past wk listed from $159k - $545k. 5 under $200k. 3 above $300k. Median $250k, $129/sqft.
  5(33%) of 15 James Island sc single family homes under contract past week were either foreclosures or short sales.

15 West Ashley SC homes (single family) under contract past week listed from $72k - $1.23M. Median $230k, $113/sqft. 4 below $175k. 2 above $300k.
  2(13%) of 15 West Ashley SC single family homes under contract past week were either short sales or foreclosures.

8 North Charleston SC homes (single family) under contract past week listed from $35k - $200k. Median $100k, $52/sqft. 2 above $150k.
  3(38%) of 8 N. Charleston, SC single family homes under contract past week were either foreclosures or short sales.

42 Mount Pleasant SC homes (single family) under contract past wk listed from $175k - $1.2M. Median $395k, $155/sqft. 11 over $500k. 3 under $200k. 7 in Dunes West    7(17%) of 42 Mt Pleasant SC single family homes under contract past week were either foreclosures or short sales.

8 peninsula Charleston SC homes (single family) under contract past wk listed from $45k - $2.55M. 4 under $360k.

40 Summerville/Ladson, SC homes (single family) under contract past wk listed from $35k - $339k. Median $172k, $84/sqft. 3 above $300k.
  15(38%) of 40 Summerville/Ladson, SC  single family homes under contract past week were either foreclosures or short sales. Another 15% was new construction.

28 Moncks Corner/Hanahan/Goose Creek SC homes (single family) under contract past week listed from $27k - $450k. Median $143k, $86/sqft. 4 over $225k.
  11(39%) of 28 Hanahan/Goose Creek/Moncks Corner SC single family homes under contract past week were either short sales or foreclosures.

42 Charleston SC area condo/townhomes under contract past week. 8 listed under $100k. 29 from $100k - $200k. 5 from $250k - $380k. 6 from $400k - $540k. 4 from $700k - $1.15M. 7 in Mount Pleasant, SC  7 Summerville/Ladson SC. 13 (31%) of 42 condo/townhomes in the Charleston SC MLS under contract past week were either foreclosures or short sales.

We are moving towards a more balanced market here in Charleston.  Buyers are going to have less choice and less negotiating power.

Call us today if you are thinking of listing your home or you are looking for one! 843.814.4378



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