Charleston SC Real Estate Statistics for August 19-25, 2016

Analysis of residential properties going under contract(contingent) during week of 8/19/16-8/25/16

• 327 residential properties went under contract this past week. Great activity.

• 253 single family homes went under contract this past week. Median LIST price $250k, $127/sqft.  7 under $100k. 3 over $1M, 0 of those over $2M. Median 27 CDOM. Median Yr Blt 1999

• 7 (3%) of 253 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 12% new construction.  2 of 4 short sales in areas 31/32, 61-76

• 41 island single family homes went under contract this past week. 
• James Island - 15
• Folly Beach - 5 ($539k, $585k, $600k, $849k, $1M)
• Johns Island - 7
• Wadmalaw - 1 ($800k)
• Kiawah - 1 ($839k)
• Edisto - 1 ($399k)
• Seabrook - 1 ($390k)
• IOP - 2 ($600k,$797k)
• WildDunes - 4 ($525k, $535k, $775k, $880k)
• Daniel - 4 ($498k, $519k, $695k, $725k)

• 15 James Island single family homes went under contract this past week LISTED from $250k - $1M. 2 over $420k. Median $300k, $202/sqft. 0 new construction. 3 Seaside Plantation.

• 7 Johns Island single family homes went under contract this past week LISTED from $220k - $1M. Median $425k, $146/sqft. 1 (14%) new construction.  LIST prices $220k, $244k, $250k, $425k, $465k, $479k, $1M.

• 22 West Ashley single family homes went under contract this past week LISTED from $56k - $395k. 2 under $175k. Median $245k, $149/sqft. 2 new construction. 3 Grand Oaks, 3 Carolina Bay.

• 15 North Charleston single family homes went under contract this past week LISTED from $60k - $360k. 1 under $100k. 2 over $210k. Median $175k, $104/sqft. 0 new construction. 

• 37 Mt Pleasant single family homes went under contract this past week LISTED from $265k - $1.2M. 1 over $1M. 4 Longpoint. Median $480k, $204/sqft. 16 over $500k. 2 under $150/sqft.  6 (16%) new construction. 

• 5 Peninsula Charleston single family homes went under contract this past week LISTED from $519k - $1.7M. Median $660k, $395/sqft.  2 south of crosstown. LIST Prices $519k, $550k, $660k, $1.4M, $1.7M.

• 69 Summerville/Ladson single family homes went under contract this past week LISTED from $75k - $399k. 11 Wescott. Median $215k, $108/sqft. 7 under $125k. 9 over $300k. 0 BANK OWNED FORECLOSURES or SHORT SALES. 7 (10%) new construction

• 61 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $57k - $451k. 10 Crowfield, 9 Cane Bay. Median $212k, $107/sqft. 2 under $125k. 7 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 14 (23%) new construction 

• 71 condo/townhomes went under contract this past week. 6 LISTED under $100k. 35 from $100k - $200k. 17 from $200k - $300k. 8 from $300k - $500k. 3 from $500k - $700k. 2 at $1.45M, $2.85M. 11 Mt P. 2 BANK OWNED FORECLOSURES or SHORT SALES. 7 new construction.

Contact with us at:

Back Porch Properties

1180 Sam Rittenberg Blvd #105

Charleston, SC 29407

(843) 300-2766

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Originally Published:  http://www.backporchproperties.com/2016/08/29/charleston-sc-real-estate-statistics-for-august-19th-25th-2016/

Charleston SC Real Estate Statistics for August 12-18, 2016

Analysis of residential properties going under contract (contingent) during week of 8/12/16 - 8/18/16

• 344 residential properties went under contract this past week. Great activity.

• 257 single family homes went under contract this past week. Median LIST price $246k, $122/sqft.  9 under $100k. 13 over $1M, 1 of those over $2M. Median 27 CDOM. Median Yr Blt 2000

• 10 (4%) of 257 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 10% were new construction.  4 of 5 short sales in were in areas 31/32, 61-76

• 41 island single family homes went under contract this past week. 
• James Island - 13
• Folly Beach - 2 ($468k, $869k)
• Johns Island - 6
• Wadmalaw - 1 ($850k)
• Kiawah - 4 ($799k, $839k, $999k, $1.05M)
• Edisto - 4 ($237k, $415k, $425k, $534k)
• Seabrook - 1 ($749k)
• IOP - 5 ($285k, $955k, $1.05M, $1.6M, $2.4M)
• WildDunes - 2 ($825k, $1.2M)
• Daniel - 3 ($549k, $1.1M, $1.25M)

• 13 James Island single family homes went under contract this past week LISTED from $200k - $840k. 1 under $240k. 1 over $455k. Median $305k, $199/sqft. 2 (15%) new construction.  

• 6 Johns Island single family homes went under contract this past week LISTED from $320k - $620k. Median $488k, $196/sqft. 0 new construction.  LIST prices $320k, $425k, $450k, $525k, $564k, $620k.

• 28 West Ashley single family went homes under contract this past week LISTED from $149k - $950k. 3 under $175k. 4 over $400k. Median $255k, $147/sqft. 2 new construction. 3 Grand Oaks.

• 20 North Charleston single family homes went under contract this past week LISTED from $28k - $339k. 3 under $100k. 3 over $230k. Median $179k, $110/sqft. 0 new construction. 5 Park Circle.

• 26 Mt Pleasant single family homes went under contract this past week LISTED from $285k - $1.7M. 4 over $1M. 4 Rivertowne. Median $485k, $217/sqft. 11 over $500k. 0 under $150/sqft.  3 (12%) new construction. 

• 8 Peninsula Charleston single family homes went under contract this past week LISTED from $200k - $2M. 3 under $300k. 2 above $1M. Median $697k, $286/sqft.  4 south of crosstown. 

• 63 Summerville/Ladson single family homes went under contract this past week LISTED from $35k - $400k. 6 Pine Forest, 6 Wescott. Median $200k, $111/sqft. 2 under $125k. 13 over $300k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 7 (11%) new construction.

• 66 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $25k - $445k. 12 Crowfield. Median $198k, $103/sqft. 6 under $125k. 4 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 10 (15%) new construction. 

• 78 condo/townhomes went under contract this past week. 9 LISTED under $100k. 43 from $100k - $200k. 11 from $200k - $255k. 9 from $300k - $500k. 5 from $500k - $600k. 1 at $759. 18 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 9 (12%) new construction.

Contact with us at:

Back Porch Properties

1180 Sam Rittenberg Blvd #105

Charleston, SC 29407

(843) 300-2766

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Originally Published here: http://www.backporchproperties.com/2016/08/22/charleston-sc-real-estate-statistics-for-august-12-18-2016/

Charleston SC Real Estate Statistics for August 12-18, 2016

Analysis of residential properties going under contract (contingent) during week of 8/12/16 - 8/18/16

• 344 residential properties went under contract this past week. Great activity.

• 257 single family homes went under contract this past week. Median LIST price $246k, $122/sqft.  9 under $100k. 13 over $1M, 1 of those over $2M. Median 27 CDOM. Median Yr Blt 2000

• 10 (4%) of 257 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 10% were new construction.  4 of 5 short sales in were in areas 31/32, 61-76

• 41 island single family homes went under contract this past week. 
• James Island - 13
• Folly Beach - 2 ($468k, $869k)
• Johns Island - 6
• Wadmalaw - 1 ($850k)
• Kiawah - 4 ($799k, $839k, $999k, $1.05M)
• Edisto - 4 ($237k, $415k, $425k, $534k)
• Seabrook - 1 ($749k)
• IOP - 5 ($285k, $955k, $1.05M, $1.6M, $2.4M)
• WildDunes - 2 ($825k, $1.2M)
• Daniel - 3 ($549k, $1.1M, $1.25M)

• 13 James Island single family homes went under contract this past week LISTED from $200k - $840k. 1 under $240k. 1 over $455k. Median $305k, $199/sqft. 2 (15%) new construction.  

• 6 Johns Island single family homes went under contract this past week LISTED from $320k - $620k. Median $488k, $196/sqft. 0 new construction.  LIST prices $320k, $425k, $450k, $525k, $564k, $620k.

• 28 West Ashley single family went homes under contract this past week LISTED from $149k - $950k. 3 under $175k. 4 over $400k. Median $255k, $147/sqft. 2 new construction. 3 Grand Oaks.

• 20 North Charleston single family homes went under contract this past week LISTED from $28k - $339k. 3 under $100k. 3 over $230k. Median $179k, $110/sqft. 0 new construction. 5 Park Circle.

• 26 Mt Pleasant single family homes went under contract this past week LISTED from $285k - $1.7M. 4 over $1M. 4 Rivertowne. Median $485k, $217/sqft. 11 over $500k. 0 under $150/sqft.  3 (12%) new construction. 

• 8 Peninsula Charleston single family homes went under contract this past week LISTED from $200k - $2M. 3 under $300k. 2 above $1M. Median $697k, $286/sqft.  4 south of crosstown. 

• 63 Summerville/Ladson single family homes went under contract this past week LISTED from $35k - $400k. 6 Pine Forest, 6 Wescott. Median $200k, $111/sqft. 2 under $125k. 13 over $300k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 7 (11%) new construction.

• 66 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $25k - $445k. 12 Crowfield. Median $198k, $103/sqft. 6 under $125k. 4 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 10 (15%) new construction. 

• 78 condo/townhomes went under contract this past week. 9 LISTED under $100k. 43 from $100k - $200k. 11 from $200k - $255k. 9 from $300k - $500k. 5 from $500k - $600k. 1 at $759. 18 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 9 (12%) new construction.

Contact with us at:

Back Porch Properties

1180 Sam Rittenberg Blvd #105

Charleston, SC 29407

(843) 300-2766

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Originally Published here: http://www.backporchproperties.com/2016/08/22/charleston-sc-real-estate-statistics-for-august-12-18-2016/

Charleston SC Real Estate Statistics for August 12-18, 2016

Analysis of residential properties going under contract (contingent) during week of 8/12/16 - 8/18/16

• 344 residential properties went under contract this past week. Great activity.

• 257 single family homes went under contract this past week. Median LIST price $246k, $122/sqft.  9 under $100k. 13 over $1M, 1 of those over $2M. Median 27 CDOM. Median Yr Blt 2000

• 10 (4%) of 257 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 10% were new construction.  4 of 5 short sales in were in areas 31/32, 61-76

• 41 island single family homes went under contract this past week. 
• James Island - 13
• Folly Beach - 2 ($468k, $869k)
• Johns Island - 6
• Wadmalaw - 1 ($850k)
• Kiawah - 4 ($799k, $839k, $999k, $1.05M)
• Edisto - 4 ($237k, $415k, $425k, $534k)
• Seabrook - 1 ($749k)
• IOP - 5 ($285k, $955k, $1.05M, $1.6M, $2.4M)
• WildDunes - 2 ($825k, $1.2M)
• Daniel - 3 ($549k, $1.1M, $1.25M)

• 13 James Island single family homes went under contract this past week LISTED from $200k - $840k. 1 under $240k. 1 over $455k. Median $305k, $199/sqft. 2 (15%) new construction.  

• 6 Johns Island single family homes went under contract this past week LISTED from $320k - $620k. Median $488k, $196/sqft. 0 new construction.  LIST prices $320k, $425k, $450k, $525k, $564k, $620k.

• 28 West Ashley single family went homes under contract this past week LISTED from $149k - $950k. 3 under $175k. 4 over $400k. Median $255k, $147/sqft. 2 new construction. 3 Grand Oaks.

• 20 North Charleston single family homes went under contract this past week LISTED from $28k - $339k. 3 under $100k. 3 over $230k. Median $179k, $110/sqft. 0 new construction. 5 Park Circle.

• 26 Mt Pleasant single family homes went under contract this past week LISTED from $285k - $1.7M. 4 over $1M. 4 Rivertowne. Median $485k, $217/sqft. 11 over $500k. 0 under $150/sqft.  3 (12%) new construction. 

• 8 Peninsula Charleston single family homes went under contract this past week LISTED from $200k - $2M. 3 under $300k. 2 above $1M. Median $697k, $286/sqft.  4 south of crosstown. 

• 63 Summerville/Ladson single family homes went under contract this past week LISTED from $35k - $400k. 6 Pine Forest, 6 Wescott. Median $200k, $111/sqft. 2 under $125k. 13 over $300k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 7 (11%) new construction.

• 66 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $25k - $445k. 12 Crowfield. Median $198k, $103/sqft. 6 under $125k. 4 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 10 (15%) new construction. 

• 78 condo/townhomes went under contract this past week. 9 LISTED under $100k. 43 from $100k - $200k. 11 from $200k - $255k. 9 from $300k - $500k. 5 from $500k - $600k. 1 at $759. 18 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 9 (12%) new construction.

Contact with us at:

Back Porch Properties

1180 Sam Rittenberg Blvd #105

Charleston, SC 29407

(843) 300-2766

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Originally Published here: http://www.backporchproperties.com/2016/08/22/charleston-sc-real-estate-statistics-for-august-12-18-2016/

Charleston SC Real Estate Statistics for August 5-11, 2016

Analysis of residential properties going under contract (contingent) during week of 8/5/16-8/11/16

• 319 residential properties went under contract this past week. Great activity, but starting the seasonal Fall slip.

• 260 single family homes went under contract this past week. Median LIST price $244k, $131/sqft. 11under $100k. 12 over $1M, 2 of those over $2M. Median 26 CDOM. Median Yr Blt 2000

• 10 (4%) of 260 single family homes  went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 8% new construction.  4 of 7 short sales in areas 31/32, 61-76

• 45 island single family homes went under contract this past week. 
• James Island - 21
• Folly Beach - 1 ($525k)
• Johns Island - 5
• Wadmalaw - 1 ($85k)
• Kiawah Island - 2 ($825k, $890k)
• Edisto - 2 ($379k, $479k)
• Sullivan - 2 ($899k, $1.67M)
• IOP - 2 ($899k, $900k)
• WildDunes - 1 ($1.3M)
• Daniel Island - 8

• 8 Daniel Island single family homes went under contract this past week LISTED from $499k - $1.7M. 3 over $1M. Median $895k, $293/sqft. 1 new construction.

• 21 James Island single family homes went under contract this past week LISTED from $173k - $797k. 1 under $200k. 2 over $425k. Median $295k, $186/sqft. 2 new construction.  

• 5 Johns Island single family homes went under contract this past week LISTED from $189k - $975k. Median $299k, $161/sqft. 0 new construction.  LIST prices $189k, $200k, $299k, $348k, $975k.

• 27 West Ashley single family homes went under contract this past week LISTED from $55k - $1.2M. 3 under $175k. 1 over $450k. Median $299k, $148/sqft. 2 new construction. 6 Carolina Bay.

• 21 North Charleston single family homes went under contract this past week LISTED from $37k - $395k. 4 under $100k. 4 over $300k. Median $175k, $102/sqft. 5 (24%) new construction. 

• 35 Mt Pleasant single family homes went under contract this past week LISTED from $300k - $1.6M. 3 over $1M. 5 Park West. Median $496k, $200/sqft. 16 over $500k. 1 under $150/sqft.  4 (11%) new construction. 

• 12 Peninsula Charleston single family homes went under contract this past week LISTED from $199k - $3.65M. 1 under $300k. 3 above $1M. Median $588k, $337/sqft.  5 south of crosstown. 

• 55 Summerville/Ladson single family homes went under contract this past week LISTED from $85k - $440k. 3 Wescott. Median $200k, $104/sqft. 3 under $125k. 5 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 3 new construction

• 62 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $57k - $548k. 6 Crowfield. Median $178k, $109/sqft. 11 under $125k. 4 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 2 new construction

• 50 condo/townhomes went under contract this past week. 6 LISTED under $100k. 24 from $100k - $200k. 10 from $200k - $300k. 4 from $300k - $500k. 4 from $589k - $630k. 2 at $825k, $950k. 10 Mt P. 2 BANK OWNED FORECLOSURES or SHORT SALES. 6 (12%) new construction

Contact with us at:

Back Porch Properties

1180 Sam Rittenberg Blvd #105

Charleston, SC 29407

(843) 300-2766

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Originally Published at: http://www.backporchproperties.com/2016/08/15/charleston-sc-real-estate-statistics-for-august-5-11-2016/

Charleston SC Real Estate Statistics for July 29, 2016 through August 4, 2016

Analysis of residential properties going under contract(contingent) during week of 7/29/16-8/4/16

• 358 residential properties under contract this past week. Great activity for Charleston SC.

• 281 single family homes under contract this past week. Median LIST price $255k, $130/sqft.  8 under $100k. 13 over $1M, 5 of those over $2.9M. Median 24 CDOM. Median Yr Blt 1999

• 10 (4%) of 281 single family homes under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 7% new construction.  4 of 7 short sales in areas 31/32, 61-76

• 37 island single family homes went under contract this past week. 
• James Island - 15
• Folly Beach - 4 ($425k, $450k, $539k, $629k)
• Johns Island - 8
• Kiawah Island - 1 ($799k)
• Edisto - 2 ($819k, $890k)
• Seabrook Island - 3 ($542k, $625k, $3.5M)
• WildDunes - 3 ($1.2M, $1.3M, $1.55M)
• Daniel Island - 1 ($1.5M)

• 15 James Island single family homes under went contract this past week LISTED from $269k - $1.2M. 3 over $500k. Median $395k, $204/sqft. 1 new construction.  

• 8 Johns Island single family homes went under contract this past week LISTED from $291k - $675k. Median $385k, $169/sqft. 4(50%) new construction.  

• 31 West Ashley single family homes went under contract this past week LISTED from $85k - $5M. 3 under $175k. 4 over $400k. Median $250k, $143/sqft. 0 new construction. 4 Shadowmoss.

• 25 North Charleston single family homes went under contract this past week LISTED from $85k - $750k. 2 under $100k. 2 over $300k. Median $221k, $106/sqft. 2 new construction. 5 Park Circle.

• 49 Mt Pleasant single family homes under contract past wk LISTED from $265k - $3.5M. 2 over $1M. 5 Snee Farm. Median $470k, $208/sqft. 20 over $500k. 2 under $150/sqft. 6(12%) new construction. 

• 7 Peninsula Charleston single family homes went under contract this past week LISTED from $475k - $4.8M. Median $1.2M,$511/sqft. 6 south of crosstown. LIST prices $475k, $480k, $789k, $1.2M, $1.7M, $3M, $4.8M.

• 73 Summerville/Ladson single family homes went under contract this past week LISTED from $70k - $425k. 6 Wescott. Median $204k, $110/sqft. 5 under $125k. 9 over $300k. 4 BANK OWNED FORECLOSURES or SHORT SALES. 5 new construction.

• 54 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $85k - $385k. 4 Crowfield, 4 Foxbank. Median $178k, $107/sqft. 8 under $125k. 5 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 3 new construction.

• 69 condo/townhomes went under contract this past week. 9 LISTED under $100k. 34 from $100k-$200k. 15 from $200k-$250k. 5 from $340k-$475k. 5 from $500k-$630k. 1 at $2.1M. 12 W Ashley. 3 BANK OWNED FORECLOSURES or SHORT SALES. 7(10%) new construction

Contact with us at:

Back Porch Properties
1180 Sam Rittenberg Blvd #105
Charleston, SC 29407
(843) 300-2766

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Originally Published at: http://www.backporchproperties.com/2016/08/08/charleston-sc-real-estate-statistics-for-july-29-2016-through-august-4-2016/

Charleston SC Real Estate Statistics for July 22-28, 2016

Analysis of residential properties going under contract(contingent) during week of 7/22/16-7/28/16

• 345 residential properties under contract past week. Great activity.

• 268 single family homes under contract past week. Median LIST price $265k, $133/sqft.  11 under $100k. 11 over $1M, 1 of those over $2M. Median 24 CDOM. Median Yr Blt 2001

• 6 (2%) of 268 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  3 of 3 short sales in areas 31/32, 61-76

• 39 island single family homes under contract past week. 
• James Island -13
• Johns Island -13
• Wadmalaw - 2 ($95k,$729k)
• Edisto - 4 ($369k, $374k, $385k, $497k)
• Seabrook - 2 ($789k, $879k)
• Sullivan - 1 ($1.9M)
• Daniel - 4 ($490k, $680k, $1.1M, $1.8M)

• 13 James Island single family homes under contract past week LISTED from $274k-$1.4M. 2 over $500k. Median $370k,$191/sqft. 3(23%) new construction.  

• 13 Johns Island single family homes under contract past week LISTED from $239k-$385k. Median $265k,$155/sqft. 7(54%) new construction.  

• 35 West Ashley single family homes under contract past week LISTED from $165k-$625k. 2 under $175k. 4 over $400k. Median $278k,$150/sqft. 2 new construction.

• 17 North Chas single family homes under contract past week LISTED from $55k-$270k. 3 under $100k. 4 over $200k. Median $180k,$104/sqft. 0 new construction.

• 43 Mt Pleasant single family homes under contract past week LISTED from $275k-$5M. 6 over $1M. 5 Dunes West. Median $490k,$216/sqft. 19 over $500k. 0 under $150/sqft. 7(16%) new construction. 

• 6 Peninsula Charleston single family homes under contract past week LISTED from $369k-$739k. Median $447k,$297/sqft. 1 south of crosstown. LIST prices $369k,$405k,$425k,$469k,$675k,$739k.

• 57 Summerville/Ladson single family homes under contract past week LISTED from $105k-$430k. 4 Pine Forest. Median $190k, $110/sqft. 2 under $125k. 10 over $300k. 0 BANK OWNED FORECLOSURES or SHORT SALES. 5 new construction.

• 66 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $73k-$445k. 6 Sophia Landing. Median $200k, $109/sqft. 7 under $125k. 7 over $300k. 4 BANK OWNED FORECLOSURES or SHORT SALES. 6 new construction 

• 69 condo/townhomes under contract past wk. 8 LISTED under $100k. 34 from $100k-$200k. 12 from $200k-$300k. 9 from $300k-$475k. 5 from $565k-$765k. 1 at $1.2M. 14 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction.

If you have questions about Charleston SC Real Estate, please contact Christopher with BackPorch Properties today! (843) 300-2766  

Charleston SC Real Estate Statistics for July 22-28, 2016

Analysis of residential properties going under contract(contingent) during week of 7/22/16-7/28/16

• 345 residential properties under contract past week. Great activity.

• 268 single family homes under contract past week. Median LIST price $265k, $133/sqft.  11 under $100k. 11 over $1M, 1 of those over $2M. Median 24 CDOM. Median Yr Blt 2001

• 6 (2%) of 268 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  3 of 3 short sales in areas 31/32, 61-76

• 39 island single family homes under contract past week. 
• James Island -13
• Johns Island -13
• Wadmalaw - 2 ($95k,$729k)
• Edisto - 4 ($369k, $374k, $385k, $497k)
• Seabrook - 2 ($789k, $879k)
• Sullivan - 1 ($1.9M)
• Daniel - 4 ($490k, $680k, $1.1M, $1.8M)

• 13 James Island single family homes under contract past week LISTED from $274k-$1.4M. 2 over $500k. Median $370k,$191/sqft. 3(23%) new construction.  

• 13 Johns Island single family homes under contract past week LISTED from $239k-$385k. Median $265k,$155/sqft. 7(54%) new construction.  

• 35 West Ashley single family homes under contract past week LISTED from $165k-$625k. 2 under $175k. 4 over $400k. Median $278k,$150/sqft. 2 new construction.

• 17 North Chas single family homes under contract past week LISTED from $55k-$270k. 3 under $100k. 4 over $200k. Median $180k,$104/sqft. 0 new construction.

• 43 Mt Pleasant single family homes under contract past week LISTED from $275k-$5M. 6 over $1M. 5 Dunes West. Median $490k,$216/sqft. 19 over $500k. 0 under $150/sqft. 7(16%) new construction. 

• 6 Peninsula Charleston single family homes under contract past week LISTED from $369k-$739k. Median $447k,$297/sqft. 1 south of crosstown. LIST prices $369k,$405k,$425k,$469k,$675k,$739k.

• 57 Summerville/Ladson single family homes under contract past week LISTED from $105k-$430k. 4 Pine Forest. Median $190k, $110/sqft. 2 under $125k. 10 over $300k. 0 BANK OWNED FORECLOSURES or SHORT SALES. 5 new construction.

• 66 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $73k-$445k. 6 Sophia Landing. Median $200k, $109/sqft. 7 under $125k. 7 over $300k. 4 BANK OWNED FORECLOSURES or SHORT SALES. 6 new construction 

• 69 condo/townhomes under contract past wk. 8 LISTED under $100k. 34 from $100k-$200k. 12 from $200k-$300k. 9 from $300k-$475k. 5 from $565k-$765k. 1 at $1.2M. 14 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction.

If you have questions about Charleston SC Real Estate, please contact Christopher with BackPorch Properties today! (843) 300-2766  

August Newsletter - Charleston SC Real Estate

Time to CELEBRATE!  Charleston has been voted #1 City in the World by Travel and Leisure Magazine again!!  As if we didn’t already have enough good press.  Wow!  48 people make the tri-county area their new home each day. Our area is growing 3 times faster than the US average.  744k live here and the median age is 36.5 years.  The average household income is $75k/year.  None of this would be true if we didn’t have a lot going on.  Your August calendar is below.  You can enjoy the Starlight Cinema at Freshfields at Kiawah each Wednesday night and Music on the Green there each Friday night.

August Charleston SC Event Calendar:

• 3 – Blue Velvet, Chas Music Hall
• 5 – Reggae Night, James Island County Park
• 5-7 – Gullah/Geechee Nation International Music and Movement Festival
• 5 – Sam Bush, Chas Music Hall
• 7 – Latin Jazz, Kiawah East Beach Conference Center
• 7 – Sister Hazel, Chas Music Hall
• 7-9 – Sales Tax-Free Holiday
• 10 – Ray Lamontagne, N Chas PAC
• 13 – Jackie Robinson Ken Burns documentary film, Joseph Ravenel Baseball stadium
• 14 – Toad the Wet Sprocket, Chas Music Hall
• 15 – Charleston and Dorchester County Schools start back
• 17 – Berkeley County schools start back
• 19 – Moonlight Mixer, Folly Pier
• 19 – Margarita Festival, Charleston Maritime Center
• 19 – Boney James, Chas Music Hall
• 28 – Lebowski Bash, Chas Music Hall
• 30 – Nathalie Dupree, Mercantile and Mash

Of course, all of this makes the real estate market here go crazy. However, not too crazy.  Things seem to be very sustainable.  At midyear through June, we are up 10% in the number of transactions over the same time period from 2015.  We will most likely have over 16k transactions this year and it will be the 2nd busiest year ever. Only 2005 will be better.  Median sales price is only up 5.4% at $243,500.  That seems very reasonable.  We are actually slightly undervalued according to the trend line going back to 1991 when we started keeping the MLS on the computer.  Inventory is still low and it’s a seller’s market in most of our MLS areas.  Mortgage rates are low and it’s allowing everyone to buy more home than they normally would.  What used to be considered rough areas of town are now being transformed into gathering places where great restaurants and businesses are opening up with abandon.  Our new mayor, John Tecklenburg, seems energetic and there are new projects all over the area. A new bike lane just got approved over the Ashley River Bridge into downtown.  It’s a very exciting time for Charleston!!