PGA and Homebuying is HOT in Charleston!

Posted By Cathy Hunnicutt @ Aug 4th 2012 4:36pm In: Market Stats


Surfing on the Isle of Palms247 residential properties under contract 7/27/12-8/2/12. 3.5% mortgage rates!

186 single family homes under contract past wk. Median list price $210k, $103/sqft. 30 under $100k. 4 over $1M. Median 70 CDOM. Median Yr Built 1998.
  28% of 186 single family homes under contract were either short sales or foreclosures. Another 8% was new construction.

18 Island homes under contract. James Island Sc -8, Folly Beach SC -1($489k), John's Island Sc -3 ($170k, $210k, $260k), Seabrook Island SC -1 ($425k), Kiawah Island, SC -1($749k), Edisto Beach Sc -1 ($489k), Isle of Palms SC -1 ($1.3M), Daniel Island, SC -2 ($1M, $1.1M)
  8 James Island, SC homes under contract listed from $184k-$423k. 1 under $200k. 5 over $300k.
  13% of 8 James Island  homes under contract ss or foreclosures.

15 West Ashley SC homes under contract listed from $49k- $639k. 5 above $400k. Median $250k, $128/sqft.
  27% of 15 West Ashley single family homes under contract were either ss or foreclosures.

15 North Charleston SC homes under contract listed from $69k-$949k. Median $130k, $87/sqft. 5 under $100k. 1 over $188k.
  20% of 15 North Charleston single family homes under contract were either ss or foreclosures.

34 Mount Pleasant SC single family homes under contract listed from $209k-$725k. Median $350k, $160/sqft. 6 over $500k. 0 under $200k. 4 under $135/sqft. 12 under 2000sqft. 4 Rivertowne Country Club, 4 Park West.
  18% of 34 Mt Pleasant sc homes under contract were either ss or foreclosures. 12% new construction. Check out new properties now.

9 peninsula Charleston single family homes under contract last week listed from $88k- $1.7M. 4 under $220k. 4 over $500k. 2 ss/fc.

Summerville/Ladson Sc homes under contract listed from $42k-$429k. Median $182k, $83/sqft. 11 above $250k. 5 above $300k. 3 Bridges, 3 Cedar Grove, 3 Greenhurst
  142% of 45 Summerville/Ladson single family homes under contract were either ss/fc. Another 11% was new construction.

49 Hanahan/Goose Creek/Moncks Corner homes under contract listed from $55k- $395k. Median $130k, $80/sqft. 10 over $200k. 3 over $300k. 6 Crowfield Plantation.
  31% of 49 Hanahan/Goose Creek/Moncks Corner homes under contract were either ss/fc. Only 2% new construction.

56 condo/townhomes under contract last week. 21 LISTED under $100k. 18 from $100k-$200k. 14 from $215k- $400k. 3 from $595k- $1.35M. 18 in Mount Pleasant Sc. 6 in Park at Rivers Edge (5 were REO).

  38% of 56 condo/townhomes under contract were either ss/fc.

Call us if you want to get out and look at properties in the Charleston area! If you are thinking about listing: Call Ed: 843.270.0292!



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