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Inventory Continues to Fall and Demand is Still Very High!

Posted by Cathy Hunnicutt on Monday, November 19, 2012 at 2:34 PM By Cathy Hunnicutt / November 19, 2012 Comment

Charleston SC Thanksgiving 2012189 residential properties under contract 11/9 - 11/15/12

140 single family homes under contract with median list price $200k, $105/sqft. 16 under $100k. 2 over $1M. Median 54 CDOM. Median Yr Blt 1996.
  27% of 140 homes under contract were either foreclosures or short Beach Sc -2 ($400k, $559k), John's Island SC -4 ($75k, $250k,$325k, $365k), Kiawah Island Sc -1 ($1.55M), Edisto Island SC -1 ($998k), Isle of Palms SC -1 ($950k), Wild Dunes -2 ($550k, $980k), Daniel Island SC -1 ($880k)

7 James Island homes under contract listed from $199k-$625k. 4 over $300k.
  0 of 12 James Island single family homes under contract were either fc/ss

19 West Ashley SC homes under contract last week listed from $94k-$298k. Median $180k, $104/sqft. 2 above $119/sqft.
  26% of 19 West Ashley homes under contract were either fc/ss

11 North Charleston SC homes under contract listed from $21k-$155k. 6 below $80k. 5 over $100k
  45% of 11 N. Chas homes under contract were either fc/ss.
27 Mount Pleasant, SC homes under contract last week listed from $200k-$750k. Median $360k, $159/sqft. 5 over $500k. 4 under $135/sqft. 11 under 2000sqft. 3 Park West, 3 Rivertowne Country Club. Homes for Sale in Mt Pleasant.
  26% of 27 Mt Pleasant homes under contract were either foreclosures or short sales. 1 new construction.

8 peninsula Charleston homes under contract listed from $150k-$1.5M. 5 above $350k. 1 above $625k. 2 above $270/sqft. 1 ss

31 Summerville/Ladson single family homes under contract past wk LISTED from $61k-$595k. Median $150k,$81/sqft. 5 above $250k.
  35% of 31 Summerville/Ladson single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES. 0 new construction.

22 Hanahan/Goose Creek/Moncks Corner homes under contract listed from $75k-$220k. Median $163k, $79/sqft. 4 over $200k.
  32% of 22 Hanahan/Goose Creek/Moncks Corner homes under contract were either fc/ss. 5(23%) new construction.

45 condo/townhomes under contract last week. 16 listed under $100k. 19 from $100k-$215k. 5 from $275k-$394k. 5 from $539k-$1.1M. 8 Mt. Pleasant SC.

   38% of 45 condo/townhomes under contract past wk were either fc/ss.

Thinking of Buying or Selling in the Charleston Market

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Under contract = Contingent

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