Last Chance to Pick Up a Few Bargains in Charleston!

Posted By Cathy Hunnicutt @ Apr 12th 2013 5:12pm In: Market Stats

297 residential properties under contract 4.5 - 4.11.13!!


Charleston SC Farmers Market at Marion Square238 single family homes under contract last week with a median list price $211k, $109/sf. 28 under $100k. 6 over $1M.
  18% of 238 Charleston SC homes under contract were either foreclosures or short sales (fc/ss). Another 4% were new construction.

34 Mt. Pleasant SC homes under contract last week were listed from $50k- $839k. Median $390k, $173/sf. 7 over $500k. 1 under $220k. Only 3 under $150/sf. 2(6%) were either fc/ss.

49 island single family homes under contract. James Island SC -22, Folly Beach SC -3 ($399k, $610k, $899k), John's Island SC -8 ($135k, $205k, $212k, $229k, $240k, $600k, $760k, $995k), Wadmalaw Island -1 ($400k), Seabrook Island -3 ($200k, $485k, $625k), Kiawah Island -1 ($2M), Edisto Beach -1 ($279k), Sullivan's Island Sc -1($2M),  Isle of Palms SC -1 ($700k), Wild Dunes -4 ($498k, $625k, $725k, $1.4M), Daniel Island -4 ($399k, $519k, $585k, $630k)

22 James Island SC homes under contract last week were listed from $100k-$990k. Median $225k, $147/sf. 2 over $310k. 2(9%) were either fc/ss.

32 West Ashley single family homes under contract last week were listed from $33k-$495k. Median $207k, $118/sf.  8 above $300k. 3 above $400k. 6(19%) were either fc/ss.

13 North Charleston homes under contract were listed from $45k-$188k. 5 below $100k. Median $119k, $85/sf.  23% were either fc/ss.

8 Peninsula Charleston single family homes under contract past wk. LIST prices $95k, $170k, $200k, $301k, $849k, $1.25M, $1.7M, $2.8M. 2 short sales.

50 Summerville/Ladson homes under contract last week were listed  from $33k-$484k. Median $150k, $86/sf. 3 above $300k.  30% were either fc/ss.

51 Hanahan/Goose Creek/Moncks Corner homes under contract last week were listed from $49k-$450k. Median $160k, $90/sf. 14 over $200k. 7 over $300k. 8 Crowfield. 18% were either fc/ss.

52 condo/townhomes under contract. 12 were listed under $100k. 26 from $100k- $215k. 4 from $250k- $270k. 8 from $369k-$500k. 1 at $795k. 13 Mt. Pleasant.  12% were either fc/ss.

Another Reason to Call the Hunnicutt Real Estate Team

if you are thinking about Selling or Buying in the Charleston Area!

Sales are still going along quite strong, but would be even stronger if we had a few more properties to choose from.
Prices, specifically $/sf. prices, are all going up.
Only 3 of the homes under contract in Mt Pleasant were under $150/sf!!
The prices in areas 61-64 were not so good this week, but we finally saw some improvement in areas 71-76.
This is a good sign.  I think investors and other buyers are realizing that this is the last chance to pick up a few bargains.
I think they may have already done that in areas 71-76.
It won't be long before all the under market value properties are gone and prices can really head up.


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