Wow, Charleston Real Estate Activity is Amazing!

Posted By Cathy Hunnicutt @ May 10th 2012 2:31pm In: Market Stats


Full Moon at Patriots Point in Mt. Pleasant SC271!!! residential properties under contract past week 4/27/12-5/3/12.

Great buying activity continues onward!! This kind of buying activity has an effect on the sellers negotiating positions. Buyers continue to lose power.

224!! single family homes under contract past wk. Median list price $232k, $114/sqft. 22 under $100k. 10 over $1M.
  58(26%) of 224 single family homes under contract past wk were either short sales or foreclosures. Another 6% was new construction.

41 island single family homes under contract past wk. James Island SC -18, Folly Beach sc -1($340k),John's Island SC 4 ($180k, $499k,$750k,$1.55M), Kiawah Island sc - 1($1.8M), Seabrook Island SC -1 ($2.5M), Edisto Beach SC -4, Sullivan's Island SC -2 ($1.6M,$2M), Isle of Palms SC 4, Wild Dunes SC-2, Daniel Island SC -4
  18 James Island single family homes under contract past wk listed from $69k-$560k. 6 under $200k. 5 above $400k. Median $243k,$132/sqft. 6 over $160/sqft.
  5(28%) of 18 James Island SC single family homes under contract past wk were either ss or bank owned.

35 West Ashley SC single family homes under contract past wk listed from $68k-$450k. Median $219k,$122/sqft. 7 above $300k.
  12(34%) of 35 West Ashley sc  homes under contract past wk were either ss or foreclosure.

14 North Charleston single family homes under contract past wk LISTED from $42k-$179k. Median $140k,$86/sqft. 4 above $150k.
  2(14%) of 14 North Charleston single family homes under contract past wk were either ss or foreclosure. 21% was new construction.

40 Mount Pleasant sc  homes under contract past wk listed from $200k-$1.1M. Median $372k,$145/sqft. 6 over $500k. Only 8 under $135/sqft. 9 under 2000sqft. 6 PWest,5 DWest
  10(25%) of 40 Mt Pleasant SC single family homes under contract past week were either ss or foreclosure. 0 new construction.

12 peninsula Charleston SC single family homes under contract past week. 8 from $59k-$389k. 3 from $725k-$859k. 1 for $2.3M. 4 in area 51. 2 ss/fc.

40 Summerville/Ladson single family homes under contract past wk LISTED from $68k-$650k. Median $180k,$84/sqft. 8 above $250k.
  11(28%) of 40 Summerville/Ladson single family homes under contract past wk were either ss or foreclosure. Another 10% was new construction.

37 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $30k-$500k. Median $140k,$83/sqft. 6 over $200k.
  11(30%) of 37 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week were either ss or foreclosure. Another 8% was new construction.

47 condo/townhomes under contract past wk. 18 LISTED under $100k. 18 from $100k-$260k. 5 from $335k-$450k. 4 from $595k-$975k. 2 over $1M. 8 in Mt P. 316

  (34%) of 47 condo/townhomes under contract past wk were either ss or foreclosure.



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