50% of Last Week Homes Under Contract in Mt. Pleasant, SC Foreclosures or Short Sales

Analysis of residential properties under contract during week of 12/23/11-12/29/11
Only 85 residential properties under contract past week. Seasonally expected low activity.

63 single family homes under contract past wk. Median list price $159k,$90/sqft. 14 under $100k. 1 over $1M
  26(41%) of 63 single family homes under contract past wk were either foreclosures or short sales.

3 island single family homes under contract past wk. James Island SC -2, John's Island SC -1
  Only 2! James Island, SC homes (single family) under contract past wk listed for $215k, $265k.
  1(50%) of 2 James Island SC single family homes under contract past wk were either foreclosures or short sales.

5 West Ashley SC homes (single family) under contract past wk. list prices $156k, $175k, $178k, $298k, $399k.
  2(40%) of 5 West Ashley SC  single family homes under contract past wk were either short sales or foreclosures.

8 North Charleston single family homes under contract past wk listed from $19k-$170k. 4 under $60k.
  2(25%) of 8 North Charleston SC homes (single family) under contract past wk were either foreclosure or short sale.

10 Mt Pleasant, SC homes (single family) under contract past wk. 7 listed from $170k- $439k. 3 $705k-$1.8M. 2 under $200k. 1 over  $750k.
  5(50%) of 10 Mt Pleasant, SC homes (single family) under contract past wk were either foreclosures or short sales.

6 peninsula Charleston, SC homes (single family) homes under contract past wk. list prices $110k, $129k, $140k, $265k, $550k, $665k. 2 of 6 were foreclosures or short sales.

14 Summerville/Ladson SC single family homes under contract past wk listed from $50k-$248k. Median $139k,$80/sqft. 1 over $98/sqft.
  7(50%) of 14 Summerville/Ladson SC homes (single family) under contract past wk were either short sales or foreclosures.

17 Hanahan/Goose Creek/Moncks Corner SC homes (single family) under contract past week listed from $45k-$360k. Median $140k, $78/sqft. 0 over $93/sqft.
  7(41%) of 17 Hanahan/Goose Creek/Moncks Corner single family homes under contract past week were either short sales or foreclosures

21 condo/townhomes under contract past wk. 5 listed under $100k. 14 $127k-$222k. 1 each at $360k, $951k. 13(62%) of 21 condo/townhomes under contract past wk were either foreclosures or short sales.