Short Sales and Foreclosures Continues to Soften in Charleston

Posted By Cathy Hunnicutt @ Jun 4th 2012 10:15am In: Market Stats

Charleston SC MLS Market Update May 2012Another Week Over 200, Home Buying Activity Remains Good in Charleston!

208 residential properties under contract 5/25 - 5/31/12.

170 Charleston SC homes under contract last week. Median list price $218k, $104/sqft. 24 under $100k. 8 over $1M.
  25% of 170 single family homes under contract were either foreclosures or short sales. Another 12% was new construction.

30 Island homes under contract last week. James Island Sc -12, Folly Beach SC -2 ($415k,$1.05M), John's Island SC -5 ($180k, $195k, $200k, $228k, $725k), Edisto Island SC -4 ($199k, $450k, $519k, $675k), Sullivan's Island SC -1 ($1.625M), Isle of Palms Sc -1 ($2.3M), Wild Dunes Sc -1 ($1.4M), Daniel Island Sc -4 ($325k, $440k, $520k, $630k)

12 James Island Sc  homes under contract last week listed from $119k- $405k. 4 under $200k. 2 above $275k. Median $227k, $138/sqft.
  17% of 12 James Island homes under contract were either short sales or foreclosures.

21 West Ashley SC homes under contract last week listed from $55k-$449k. 10 below $200k. 4 above $300k. Median $115/sqft.
  29% of 21 West Ashley homes under contract were either short sales or foreclosures.

15 North Charleston SC homes under contract were listed from $16k- $180k. Median $95k, $58/sqft. 3 above $150k.
  40% of 15 N. Charleston Sc homes under contract were either short sales or foreclosures.

26 Mount Pleasant SC homes under contract last week listed from $165k- $1.9M. Median $380k, $166/sqft. 4 over $1M. 9 over $500k. 3 under $135/sqft. 9 under 2000sqft. 3 Dunes West Country Club.
  27% of 26 Mt Pleasant SC homes under contract were either short sales or foreclousres. 12% new construction.

9 peninsula Charleston homes under contract last week. 5 under $260k. 4 from $399k-$990k. 0 ss/fc.

41 Summerville/Ladson SC homes under contract last week listed from $50k-$595k. Median $168k, $84/sqft. 10 above $250k. 3 above $350k.
  32% of 41 Summerville/Ladson single family homes under contract past week were either short sales or foreclosures. Another 5% was new construction.

25 Hanahan/Goose Creek/Moncks Corner SC homes under contract last week listed from $37k-$500k. Median $170k, $83/sqft. 12 under $140k. 11 over $200k. 3 over $300k.
  16% of 25 Hanahan/Goose Creek/Moncks Corner single family homes under contract past week were either foreclosures or short sales. Another 20% was new construction.

36 condo/townhomes under contract last week. 10 listed under $100k. 13 from $100k- $185k. 6 from $215k- $335k. 4 from $399k- $485k. 3 from $649k-$850. 10 in Mt. Pleasant , 7 on peninsula. 13 (36%) of 36 condo/townhomes under contract last week were either short sales or foreclosures.



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