Snee Farm Sales & Price Stats for 2005-2009

Snee Farm Price Stats 2009Snee Farm Sales Stats for 2009Snee Farm
Twenty-four single family homes sold in Snee Farm in 2009, down from 28 homes sold in 2008 and 33 homes in 2007. The average number of days a home took to sell in Snee Farm in 2009 almost doubled from 66 days in 2008 to 136 days in 2009, an increase of about two months. The average sold price per square foot decreased to $144 from $160/sf in 2008. The median sales price of single family homes in Snee Farm in 2009 was $290,000, making this neighborhood readily affordable for homebuyers in the $300,000 price range.

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Rivertowne Country Club Sales & Price Stats 2005-2009

Rivertowne Country Club Price Stats 2009Rivertowne Country Club Sales Stats 2009
Rivertowne Country Club
In 2009, 49 single family homes sold in Rivertowne, down from 59 homes sold in 2008 and continuing a downward trend from 2005’s peak of 124 sold homes. The average days a Rivertowne home was on the market in 2009 was 251, up from 146 in 2008, a jump of 3.5 months. In addition, the average price per square foot dropped to $150/sf in 2009 as compared to $180/square foot in 2008. There were a number of unfinished new construction homes that sold as foreclosures or short sales in Rivertowne in 2009 that really pulled the values down. The average and median pricing in the neighborhood now rests in the low $400,000s, offering some very affordable values to homebuyers.

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Old Village Sales & Price Stats 2005-2009

Old Village Price Stats for 2009Old Village Sales Stats 2005-2009
Old Village
Nineteen single family homes sold in the Old Village in 2009, down from 22 sales in 2008. The homes were on the market an average of 296 days, double the average days on market in 2008. The average sold price per square foot dropped to $293/sf from $334/sf in 2008 and a peak of $373/sf in 2007. The median sales price of the homes that sold jumped from $495,000 in 2008 to $875,000 in 2009.

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Hamlin Plantation Market Update

Hamlin Plantation Price Stats for 2009The number of single family homes sold in Hamlin Plantation in 2009 was 30 as compared to 35 sold in 2008 and the market high of 73 homes sold in 2007. In mid-November 2009 there were 29 single family homes for sale in Hamlin Plantation. By January 3, 2010, there were 33 single family homes for sale although four homes sold from mid-November through the end of the year.

Hamlin Plantation single family homes spent an average of 225 days on the market in 2009, up from 148 days on the market in 2008, an increase of about 2.5 months.

The average price per square foot of single family homes sold in Hamlin Plantation in 2009 dropped to $152/sf as compared to $175/sf in 2008 and the peak of $194/sf in 2006. The median and average sales prices also have decreased year over year since 2007.

Hamlin Plantation Sales stats for 2009

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Sales & Price Stats for Park West 2009

Park West Price Stats for 2005-09PARK WEST

The number of single family homes selling in Park West has remained fairly consistent over the past several years. In 2009, 123 homes sold up from 120 in 2008 and slightly lower than the 135 homes that sold in 2007. The inventory of available homes for sale has remained around 90 homes for the past several months.

The average days a Park West home took to sell in 2009 was 160, up from 128 in 2008, an increase of about one month.

The average price per square foot of homes that sold took a dip in 2009, decreasing to $144/sf as compared to $160/square foot in 2008.

The median sales price in Park West in 2009 was $365,000 and the average sales price was $387,000, making this neighborhood readily affordable to buyers in the under $400,000 price point.
Park West Sales & Price Stats for 2005-09

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Dunes West Sales & Price Stats for 2009

Dunes West Price Stats

Dunes West

The number of homes sold in Dunes West in 2009 was 80 as compared to 87 sold in 2008.  There was a jump in closed sales in November 2009 as homebuyers took advantage of the tax credit that was to expire at the end of November (but was subsequently extended into 2010) and the very affordable prices in the neighborhood.

 The sold price per square foot of Dunes West homes continued a downward trend dropping to $155/square foot as compared to $175/square foot in 2008.  This figure reflects the duress sales in the neighborhood (short sales and foreclosures) that pulled home values downward. 

In 2009 a Dunes West home was on market an average of 191 as compared to 111 days in 2008, a jump of about 2.5 months.

In early November 2009, there were 107 single family homes for sale in Dunes West.  By January 3, 2010, that number had decreased to 87 homes.

Dunes West Sales Stats for year ending 2009

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Darrell Creek Sales & Price Stats 2005-2009

Darrell Creek Price Stats for 2009Darrell Creek Sales Stats for 2009
The number of homes that sold in Darrell Creek in 2009 was 8 as compared to 9 in 2008 and 10 in 2007. The largest changes in the Darrell Creek market in 2009 were the days on market and the average price per square foot. The average number of days Darrell Creek homes were on the market went from about 100 in 2008 to 358 in 2009. As days on market shot up, the price per square foot of the sold homes decreased to $141/sf (compared to $200/sf in 2008). The decrease in price per square foot was due to a number of duress sales in the neighborhood in 2009.

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Charleston National Sales & Price Stats 2005-2009

Chas National Sales Stats for 2009

Chas National Price Stats for 2009

The number of homes sold in Charleston National in 2009 increased to 26 after a paltry 18 sales in 2008.  The average days a home was on the market in Charleston National in 2009 was 125, basically just one week longer than the 117 days on market for 2008. 

The average price per square foot of homes sold in Charleston National in 2009 was $135/sf down significantly from $149/sf in 2008 and $160/sf in 2007.  The drop reflects a number of short sales, foreclosure and REO sales in the neighborhood in 2009.

The median and average prices of homes sold in Charleston National have trended downward since their peak in 2006; however the actual rate of decline has slowed.

 The number of homes on the market in Charleston National at the beginning of 2010 was 22, a decrease from 30 homes on the market in early November.

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Belle Hall Sales & Price Stats 2005-2009

Belle Hall Sales Stats for year ending 2009Belle Hall Sales Stats for year ending 2009

The number of homes sold in Belle Hall in 2009 continued to trend downward at 50 compared to 58 homes sold in 2008 and 79 homes sold in 2007.

The average price per square foot of the homes that sold was at $179/sf in 2009 down slightly from $181/sf in 2008, and significantly down from its peak of $203/sf in 2006 when 72 homes sold in the neighborhood.

The greatest year over year change in Belle Hall was the number of days on market. In 2008, the average number of days a home was on the market was 126. That figure shot up to 192 days in 2009. On average, it took a home an additional 66 days or two months to sell in 2009.

The median price of sold homes in Belle Hall increased to $408,000 in 2009 and is at its highest level in the 2005 to 2009 period. After taking a dip in 2008, the average price of sold homes in Belle Hall made a good come back in 2009, rising to $452,000, on par with the average sold prices in 2005 and 2006. These increasing values may be due to the sale of several higher end homes in the neighborhood in 2009.

The number of homes for sale in Belle Hall decreased from 48 homes on the market in mid November 2009 to 36 homes for sale on January 3, 2010.

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Mayor Riley, “State of the City”

Charleston, SCJobs a focus…

By Ashley Fletcher Frampton
aframpton@scbiznews.com
Published Jan. 27, 2010

During a 30-minute “State of the City” address Tuesday night, Mayor Joe Riley recounted major city projects completed during 2009 and previewed several next steps, many of which relate to job creation.

“Our future is bright, and our economic recovery is well under way,” Riley said as he began the speech before City Council members and a TV audience.

During 2009, the city received $16 million from the American Recovery and Reinvestment Act that has helped pay for affordable housing renovations, new police officers, a new community center and more, Riley said.

“These funds created jobs and added substantially to our community,” he said.

Riley said spurring economic development is always an important responsibility of city government. “But it’s never been more important than now,” he said. 

Riley pointed to the 2009 completion of the SCRA MUSC Innovation Center biotechnology incubator on Meeting Street as a huge step forward in economic development. The project, he said, “will prove to be a pivotal point in our community’s economic development history.”

To Read More: Click Here

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