Monday, August 29, 2016

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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