Unbelievable Home Buying Activity in Charleston SC!

Analysis of residential properties under contract during week of 2/10/12-2/16/12

212! residential properties under contract past week. Great buying activity!!

167 single family homes under contract past wk. Median List price $195k, $98/sqft. 27 under $100k. 3 over $1M.
    65(39%) of 167 single family homes under contract past wk were either foreclosures or short sales. Another         11% was new construction.

25 island single family homes under contract past wk. James Island, SC -10, John's Island, SC -4, Folly Beach, SC -3, Wadmalaw Island, SC -1, Edisto Island, SC -2, Wild Dunes, SC -1, Daniel Island, SC -4.

    16/25 homes under contract either short sales or foreclosures.

10 James Island single family homes under contract past wk listed  from $150k-$395k. 6 under $220k.
    7(70%) of 10 James Island, SC homes (single family) under contract past wk were either short sales or            foreclosures.

23 West Ashley, SC homes (single family) under contract past wk Listed from $75k-$395k. Median $159k, $104/sqft. 4 above $275k.
    9(39%) of 23 West Ashley sc single family homes under contract past wk were either short sales or foreclosures.

18 North Charleston SC homes (single family)  under contract past wk Listed from $12k-$255k. Median $105k, $64/sqft. Only 2 above $165k.
    8(44%) of 18 North Charleston single family homes under contract past wk were either bank owned or ss.

25 Mount Pleasant sc homes (single family) under contract past wk listed from $150k-$1.3M. Median $325k, $154/sqft. 2 below $200k.
    4(16%) of 25 Mt Pleasant sc homes (single family) under contract past wk were either short sales or foreclosures.

9 peninsula Charleston sc homes (single family) under contract past wk listed from $25k-$1.1M. 6 over $380k. 1 short sale!

36 Summerville/Ladson sc homes (single family) under contract past wk Listed from $27k- $349k. Median $144k, $76/sqft.
    16(44%) of 36 Summerville/Ladson sc single family homes under contract past wk were either foreclosures or short sales.

28 Hanahan/Goose Creek/Moncks Corner sc homes (single family) under contract past week listed from $50k-$500k. Median $157k, $83/sqft. 5 over $250k.
    9(32%) of 28 Hanahan/Goose Creek/Monck's Corner sc single family homes under contract past week were either foreclosures or short sales. Another 6(21%) were             new construction.

42 condo/townhomes under contract past wk. 17 Listed under $100k. 16 from $100k-$200k. 4 from $539k-$1.8M. 7 of 42 in North Chas. 18(43%) of 42 condo/townhomes under contract past wk were either foreclosures or short sales.