13% of Contracts Written Last Week in Charleston SC New Construction!

Analysis of residential properties under contract during week of 2/24/12-3/1/12

241! residential properties under contract past week. Great buying activity!!
    192 single family homes under contract past wk. Median LIST price $179k,$95/sqft. 37 under $100k. 5 over $1M.
    56(29%) of 192 single family homes under contract past wk were either foreclosures or short sales. Another 13% was new construction.

25 island single family homes under contract past wk. James Island, Sc -12, John's Island, SC -2, Seabrook Island, SC -1, Kiawah Island SC -1, Edisto Island, SC -3, Sullivan's Island, SC -1, Wild Dunes, SC -3, Isle of Palms, SC -2.
    12 James Island SC homes  (single family)  under contract past wk Listed from $160k-$625k. 6 under $225k. 2 above $325k.
      4(33%) of 12 James Island, SC single family homes under contract past wk were either foreclosures or short sales.

23 West Ashley, SC homes (single family) under contract past wk Listed from $80k-$475k. Median $230k, $113/sqft. 6 above $300k.
    6(26%) of 23 West Ashley, SC single family homes under contract past wk were either foreclosures or short sales. Another 6(26%) were new construction.

22 North Charleston, SC homes (single family) under contract past wk Listed from $10k-$240k. Median $98k, $69/sqft. Only 1 above $175k.
    7(32%) of 22 North Charleston, SC single family homes under contract past wk were either foreclosures or short sales.

24 Mount Pleasant, SC homes (single family) under contract past wk Listed from $170k-$1.25M. Median $370k, $158/sqft. 1 below $200k.
    9(38%) of 24 Mt. Pleasant, SC homes under contract past wk were either foreclosures or short sales.

11 peninsula Charleston, SC homes (single family) under contract past wk Listed from $69k-$899k. 4 over $400k. 1 ss/fc.

43 Summerville/Ladson, SC homes (single family) under contract past wk Listed from $29k-$350k. Median $150k, $84/sqft. 6 above $250k.
    15(35%) of 43 Summerville/Ladson, SC single family homes under contract past wk were either foreclosures or short sales.

41 Hanahan/Goose Creek/Moncks Corner, SC homes (single family) under contract past week Listed from $48k-$289k. Median $140k, $80/sqft. 4 over $225k.
    10(24%) of 41 Hanahan/Goose Creek/Moncks Corner, SC single family homes under contract past week were either foreclosures or short sales. Another 6(15%) were new construction.

46 condo/townhomes under contract past wk in the Charleston SC MLS. 11 Listed under $100k. 23 from $100k-$200k. 6 from $200k-$300k. 5 from $325k-$550k. 8 of 46 in West Ashley. 19(41%) of 46 condo/townhomes under contract past wk were either foreclosures or short sales.