Homebuying Down a Little, Maybe due to Holiday in Charleston SC

Posted By Cathy Hunnicutt @ Nov 27th 2011 2:15pm In: Market Stats

 Charleston SC Homebuying Activity for week of 11/18/11-11/24/11

There were 153 residential properties that went under contract this past week. 119 Single Family w/ a median list price of $179,000, which is low, $98 sq/ft and 23 under $100,000. 0 properties under contract over $1M.
  43(36%) of 119 single family homes under contract past wk were either short sales or foreclosures.Surfer at Isle of Palms during Hurricane Irene

18 Island single family homes under contract past wk. James Island, SC -11, John's Island -5 ,Wadmalaw Island -1,Isle of Palms-1.
  11 James Island single family homes under contract past wk listed from $80k-$799k. Median $272k,$137/sqft. Only 2 under $200k.
   5(45%) of 11 James Island single family homes under contract past wk were either foreclosures or short sales.

16 West Ashley single family homes under contract past wk listed from $35k-$870k. Median $187k, $102/sqft. Only 3 over $250k.
  6(38%) of 16 West Ashley single family homes under contract past wk were either foreclosures or short sales.

10 North Charleston single family homes under contract past wk LISTED from $15k-$200k. Median $76k,$62/sqft. Only 1 over $140k.
  3(30%) of 10 North Charleston single family homes under contract past wk were either short sales or foreclosures.

20(low) Mt Pleasant single family homes under contract past wk LISTED from $109k-$949k. Median $395k(high), $140/sqft. Only 3 under 200k. 8 over $170/sqft.
  5(25%) of 20 Mt Pleasant single family homes under contract past wk were either foreclosures or short sales.

7 peninsula Charleston single family home under contract past wk LISTED from $129k-$300k. Only 2 over $200k. 4(57%) of 7 shortsales.

22 Summerville/Ladson single family homes under contract past wk LISTED from $70k-$291k. Median $141k(low),$81/sqft. 6 $180k+
  7(32%) of 22 Summerville/Ladson single family homes under contract past wk were either foreclosures or short sales.

25 Hanahan/Goose Creek/Moncks Corner single family homes under contract past week LISTED from $15k-$280k. Median $140k, $68/sqft. Only 6 over $170k.
 11(44%) of 25 Hanahan/Goose Creek/Moncks Corner single family homes under contract past week were either foreclosures or short sales.

31 condo/townhomes under contract past wk. 6 LISTED under $100k. 12 $100k-$200k. 4 $230k-$400k. 9 from $434k-$2.75M.
  8(26%) of 31 condo/townhomes under contract past wk were either foreclosures or short sales.



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