47% of Condos/Townhomes = Foreclosures or Short Sales in Charleston Last Week

255!! Residential Properties Under Contract Last Week!

194!! single family homes went under contract 5/18/12-5/24/12. Median list price $199k, $100/sqft. 35 under $100k. 7 over $1M.
  27% of 194 homes Charleston SC mls were either short sales or foreclosures. An additional 8% were new construction.

37 Island single family homes under contract last week. James Island SC -16, Folly Beach Sc -3 ($435k, $495k, $1.7M), John's Island Sc -3 ($370k, $395k, $410k), Wadmalaw Island SC -1 ($459k), Seabrook Island Sc -1 ($395k), Kiawah Island Sc -2 ($675k, $819k), Edisto Island Sc -2 ($399k, $519k), Isle of Palms SC -5 ($425k, $440k, $869k, $1.15M, $5M), Wild Dunes SC -2 ($850k, $1.1M), Daniel Island SC -2($400k, $470k)

11 Charleston Peninsula homes under contract last week. 5 under $240k. 6 over $570k (1 for $1.05M). Only 1 was either a foreclosure or short sale.

23 Mount Pleasant SC homes (single family) under contract last week list price from $195k-$1.5M. Median $334k, $149/sqft. 4 over $500k. 5 under $135/sqft. 7 under 2000sqft. 3 Dunes West sc, 3 Planters Pointe.
  17% of the 23 Mt Pleasant Sc homes were either foreclosures or short sales. 13% new construction.

16 James Island Sc homes under contract past wk listed from $62k-$425k. 5 under $160k. 4 above $300k. Median $235k, $132/sqft.
  25% of 16 James Island homes = foreclosures or short sales.

26 West Ashley Sc homes under contract last week listed from $65k-$390k. 13 below $200k. 5 above $300k. 15 under $110/sqft.
  38% of 26 West Ashley single family homes under contract past week were either short sales or foreclosures.

19 North Charleston Sc homes under contract last wk listed from $28k- $185k. Median $100k, $68/sqft. 5 above $150k.
  26% of 19 North Charleston Sc homes under contract either foreclosures or short sales.

43 Summerville/Ladson single family homes under contract last week listed from $40k- $535k. Median $162k, $83/sqft. 9 above $250k.
  33% of 43 Summerville/Ladson  homes under contract were either short sales or foreclosures. Another 10% was new construction.

34 Hanahan/Goose Creek/Moncks Corner single family homes under contract past week listed from $40k-$445k. Median $130k, $80/sqft. 7 over $200k.
  29% of 34 Hanahan/Goose Creek/Moncks Corner homes under contract were either foreclosures or short sales. Another 15% was new construction.

59 condo/townhomes went under contract last week. 24 listed under $100k. 20 from $100k-$165k. 9 from $205k-$290k. 5 from $325k-$499k. 1 at $825k. 15 in Mount Pleasant SC, 14 in N Charleston Sc.

  47% of 59 condo/townhomes under contract  were either foreclosures or short sales.