Charleston SC Real Estate Statistics for September 16-22, 2016

Analysis of residential properties going under contract (contingent) in Charleston SC during week of 9/16/16-9/22/16:

• 296 residential properties went under contract this past week. Slowing down just a little.  Will continue to slow slightly until February 2017.

• 220 single family homes went under contract this past week. Median LIST price $249k, $121/sqft.  11 under $100k. 4 over $1M, 2 of those over $2M. Median 26 CDOM. Median Yr Blt 1999

• 7 (3%) of 220 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 12% new construction.  2 of 2 short sales in areas 31/32, 61-76

• 25 island single family homes went under contract this past week. 
• James Island - 9
• Folly Beach - 2 ($450k, $1M)
• Johns Island - 6
• Wadmalaw - 1 ($75k)
• Edisto - 2 ($209k, $349k)
• Seabrook - 1 ($765k)
• Sullivan - 1 ($1.5M)
• IOP - 1 ($775k)
• WildDunes - 1 ($700k)
• Daniel Island - 1 ($689k)

• 9 James Island single family homes went under contract this past week LISTED from $250k - $689k. 3 over $500k. Median $385k, $225/sqft. 0 new construction.  

• 6 Johns Island single family homes under contract past wk LISTED from $167k - $799k. Median $274k, $174/sqft. 0 new construction. LIST prices $167k, $200k, $259k, $288k, $550k, $799k.

• 29 West Ashley single family homes went under contract this past week LISTED from $183k - $699k. 2 under $200k. 2 over $400k. 6 Shadowmoss. Median $300k, $145/sqft. 4 (14%) new construction. 

• 18 North Charleston single family homes under contract past wk LISTED from $22k - $350k. 3 under $100k. 5 over $200k. Median $162k, $105/sqft. 1 new construction. 3 Park Circle.

• 23 Mt Pleasant single family homes went under contract this past week LISTED from $285k - $1.1M. 1 over $1M. Median $525k, $216/sqft. 12 over $500k. 1 under $150/sqft.  2 new construction. 

• 11 Peninsula Charleston single family homes went under contract this past week LISTED from $130k - $6.5M. 2 above $1M. Median $266k, $218/sqft. 3 south of crosstown. 

• 49 Summerville/Ladson single family homes went under contract this past week LISTED from $55k - $599k. 6 The Ponds. Median $213k, $109/sqft. 3 under $125k. 14 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 6(13%) new construction.

• 58 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $30k - $429k. 12 Fairmont South. Median $207k, $97/sqft. 7 under $125k. 4 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 12(21%) new construction.

• 66 condo/townhomes went under contract this past week. 6 LISTED under $100k. 30 from $100k - $199k. 18 from $200k - $299k. 5 from $300k - $499k. 5 from $500k - $899k. 2 at $987k, $1.4M. 21 Mt P.  2 BANK OWNED FORECLOSURES or SHORT SALES. 4 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/2016/09/26/charleston-sc-real-estate-statistics-for-september-16-22-2016/

Charleston SC Real Estate Statistics for September 9-15, 2016

Analysis of residential properties going under contract(contingent) in Charleston SC during week of 9/9/16-9/15/16

• 293 residential properties went under contract this past week. Slowing down just a little.  Will continue to slow slightly until February 2017.

• 233 single family homes went under contract this past week. Median LIST price $265k, $128/sqft.  9 under $100k. 10 over $1M, 3 of those over $2M. Median 26 CDOM. Median Yr Blt 2002

• 17 (7%) of 233 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  6 of 9 short sales in areas 31/32, 61-76

• 47 island single family homes went under contract this past week. 
• James Island - 19
• Folly Beach - 3 ($135k, $875k, $988k)
• Johns Island - 9
• Kiawah - 2 ($899k, $1.4M)
• Edisto - 3 ($210k, $399k, $1.8M)
• Seabrook - 1 ($699k)
• Sullivan - 1 ($2.4M)
• IOP - 3 ($799k, $1.35M, $4.3M)
• WildDunes - 5 ($739k, $800k, $880k, $975k, $1.5M)
• Daniel - 1 ($549k)

• 19 James Island single family homes went under contract this past week LISTED from $267k - $4M. 1 over $850k. Median $396k, $215/sqft. 0 new construction.  3 Seaside Plantation.

• 9 Johns Island single family homes went under contract this past week LISTED from $72k - $529k. 1 under $245k. 1 over $350k. Median $300k,$147/sqft. 0 new construction.  3 Summertrees.

• 30 West Ashley single family homes went under contract this past week LISTED from $148k - $499k. 5 under $175k. 2 over $400k. 3 Grand Oaks. Median $279k, $150/sqft. 4(13%) new construction. 

• 21 North Charleston single family homes went under contract this past week LISTED from $19k - $269k. 5 under $100k. 3 over $200k. Median $155k, $109/sqft. 0 new construction. 

• 21 Mt Pleasant single family homes went under contract this past week LISTED from $342k - $1.3M. 2 over $1M. Median $525k, $212/sqft. 11 over $500k. 0 under $150/sqft.  1 new construction. 

• 3 Peninsula Charleston single family homes went under contract this past week. LIST prices $500k, $519k, $1.35M. 1 south of crosstown. 

• 52 Summerville/Ladson single family homes went under contract this past week LISTED from $113k - $995k. 5 White Gables. Median $215k, $115/sqft. 4 under $125k. 17 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 5 new construction

• 57 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $57k - $525k. 6 Crowfield, 6 Medway. Median $207k, $107/sqft. 5 under $125k. 4 over $300k. 4 BANK OWNED FORECLOSURES or SHORT SALES. 15(26%) new construction

• 55 condo/townhomes went under contract this past week. 4 LISTED under $100k. 30 from $100k - $200k. 6 from $200k - $285k. 9 from $300k - $460k. 3 from $599k - $650k. 3 from $1.1M - $1.6M. 18 Mt P. 2 BANK OWNED FORECLOSURES or SHORT SALES. 6 (11%) 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/2016/09/19/charleston-sc-real-estate-statistics-for-september-9-15-2016/

Charleston SC Real Estate Statistics for September 2-8, 2016

Analysis of residential properties going under contract(contingent) during week of 9/2/16-9/8/16

• 285 residential properties went under contract this past week. Slowing down just a little.  Will continue to slow slightly until February 2017.

• 236 single family homes went under contract this past week. Median LIST price $249k, $122/sqft.  14 under $100k. 11 over $1M, 2 of those over $2M. Median 33 CDOM. Median Yr Blt 2002

• 13 (6%) of 236 single family homes went under contract this past week BANK OWNED FORECLOSURES or SHORT SALES.  Another 11% new construction.  2 of 4 short sales in areas 31/32, 61-76

• 28 island single family homes went under contract this past week. 
• James Island - 10
• Folly Beach - 3 ($220k, $665k, $750k)
• Johns Island  - 5 ($265k, $267, $269k, $275k, $278k)
• Wadmalaw - 1 ($875k)
• Kiawah - 2 ($890k, $3.2M)
• Edisto - 2 ($415k, $449k)
• Sullivan - 1 ($1.25M)
• WildDunes - 2 ($959k, $1.75M)
• Daniel - 2 ($947k, $1.7M)

• 10 James Island single family homes went under contract this past week LISTED from $110k - $500k. 1 under $250k. Median $320k, $157/sqft. 1 new construction.  

• 5 Johns Island single family homes went under contract this past week LISTED from $265k - $278k. Median $269k, $147/sqft. 1(20%) new construction.  

• 16 West Ashley single family homes went under contract this past week LISTED from $109k - $949k. 2 under $175k. 3 over $300k. Median $228k, $141/sqft. 0 new construction. 

• 24 North Charleston single family homes went under contract this past week LISTED from $19k - $248k. 6 under $100k. 7 over $200k. Median $167k, $109/sqft. 6 (25%) new construction. 6 Brookdale.

• 44 Mt Pleasant single family homes went under contract this past week LISTED from $325k - $2M. 5 over $1M. 7 Park West. Median $547k, $216/sqft. 24 over $500k. 1 under $150/sqft.  9 (20%) new construction. 

• 4 Peninsula Charleston single family homes went under contract this past week. LIST prices $260k, $635k, $1.4M, $2M. 3 south of crosstown. 

• 58 Summerville/Ladson single family homes went under contract this past week LISTED from $28k - $510k. 7 Wescott. Median $218k, $103/sqft. 7 under $125k. 7 over $300k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction.

• 58 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $58k - $430k. 5 Cane Bay. Median $190k, $105/sqft. 6 under $125k. 7 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 4 new construction. 

• 49 condo/townhomes went under contract this past week. 4 LISTED under $100k. 27 from $100k - $200k. 8 from $200k - $275k. 6 from $372k - $600k. 2 at $649k, $659k. 2 at $1.6M, $2.6M. 12 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: http://www.backporchproperties.com/2016/09/12/charleston-sc-real-estate-statistics-for-september-2-8-2016/

Charleston SC Real Estate Statistics for August 26 - September 1, 2016

Analysis of residential properties going under contract(contingent) during week of 8/26/16-9/1/16

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

• 256 single family homes went under contract this past week. Median LIST price $254k, $125/sqft.  11 under $100k. 12 over $1M, 3 of those over $2M. Median 31 CDOM. Median Yr Blt 1999

• 11 (4%) of 256 single family homes that went under contract this past week were BANK OWNED FORECLOSURES or SHORT SALES.  Another 7% new construction.  3 of 7 short sales in areas 31/32, 61-76

• 30 island single family homes went under contract this past week. 
• James Island - 13
• Folly Beach - 2 ($360k, $399k)
• Johns Island - 5 ($185k, $225k, $380k, $466k, $500k)
• Edisto - 1 ($729k)
• Sullivan - 2 ($1.6M, $2.7M)
• IOP - 3 ($259k, $530k, $795k)
• Wild Dunes - 1 ($925k)
• Daniel - 3 ($590k, $657k, $1.1M)

• 13 James Island single family homes went under contract this past week LISTED from $162k - $399k. 1 under $200k. Median $310k, $193/sqft. 0 new construction.  

• 5 Johns Island single family homes went under contract this past week LISTED from $185k - $500k. Median $380k, $166/sqft. 1 (20%) new construction.  

• 35 West Ashley single family homes went under contract this past week LISTED from $48k - $420k. 1 under $175k. Median $270k, $152/sqft. 2 new construction. 3 Grand Oaks

• 14 North Charleston single family homes went under contract this past week LISTED from $75k - $289k. 1 under $100k. 3 over $200k. Median $169k, $110/sqft. 1 new construction. 4 Park Circle.

• 34 Mt Pleasant single family homes went under contract this past week LISTED from $289k - $2.7M. 5 over $1M. 6 Dunes West. Median $468k, $201/sqft. 14 over $500k. 4 under $150/sqft.  3 new construction. 

• 7 Peninsula Charleston single family homes went under contract this past week LISTED from $385k - $2M.  5 South Of Broad. Median $1.2M, $529/sqft.  6 south of crosstown. Only 1 LISTED under $950k.

• 78 Summerville/Ladson single family homes went under contract this past week. LISTED from $63k - $527k. 6 Wescott. Median $210k, $110/sqft. 9 under $125k. 19 over $300k. 3 BANK OWNED FORECLOSURES or SHORT SALES. 7 new construction

• 56 Hanahan/Goose Creek/Moncks Corner single family homes went under contract this past week LISTED from $20k - $410k. 8 Crowfield. Median $197k, $106/sqft. 8 under $125k. 4 over $300k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 3 new construction

• 77 condo/townhomes went under contract this past week. 8 LISTED under $100k. 38 from $100k - $200k. 9 from $200k - $300k. 12 from $300k - $500k. 7 from $500k - $700k. 3 from $778k - $1.2M. 17 Mt P. 3 BANK OWNED FORECLOSURES or SHORT SALES. 11(14%) 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/2016/09/05/charleston-sc-real-estate-statistics-for-august-26-september-1-2016/

September Newsletter - Charleston SC Real Estate

September is here and the air should begin to cool off here soon. September in Charleston SC is full of fun outdoor activities including Charleston Beer Week, Charleston Restaurant Week, Charleston Highland Games, and a Taste of Charleston.  In addition, there’s a lot of good musical acts in town during the month as well.  Here’s the September calendar:

September 2016:

• 2: Nitro Circus Live, Joe Riley Stadium
• 2 - 4: 8^th Annual Lowcountry Jazz Festival, N Chas PAC
• 7: Italian Wine Social, Mercantile and Mash
• 7: Searching for Sugar Man, Chas Music Hall
• 7-20: Charleston Restaurant Week
• 11: 8^th Annual Dog Day Afternoon, Splash Island Park Mt Pleasant
• 11-17: Charleston Beer Week
• 11: Tod Snider, Chas Music Hall
• 14: Meghan Trainor, N Chas Coliseum
• 14: James Brown Band, Chas Music Hall
• 15: Grand Slam Jam, Chas Wine and Food, Old Chas Rainbows Park
• 17-21: Charleston Highland Games
• 18: Jake Shimabakuro, Chas Music Hall
• 18: 4^th Annual Kiawah Island Triathlon
• 20: Alice in Chains, N Chas PAC
• 21: Squirrel Nut Zippers, Chas Music Hall
• 23: Soggy Bottom Boys, Chas Music Hall
• 25: Wine, Women, and Shoes, Francis Marion
• 25-27: Taste of Charleston
• 27: Violent Femmes, Chas Music Hall
• 30: Peter Frampton,  Chas Music Hall

Life in Charleston is fantastic!  We are so blessed to live in such a wonderful city and to wake up everyday in a place that other only get to vacation.  We just got voted #1 City in the World by Travel and Leisure Magazine!!  For the 2^nd time!!  Boeing, Volvo, Silicon Harbor, lots of sports teams, shopping, restaurants, etc, etc.  You really need to check out Lewis BBQ downtown on Nassau and see what’s happening to that section of town.  Amazing!! So all of this of course is making lots of people want to move here.  Our real estate market is doing quite well.  This will probably be the 2^nd busiest year ever in Charleston history with over 16k transactions.  We’re up 8.1% in terms of transactions year to date over 2015.  Median sales price is up 4.1% YTD over 2015 and stands at a record high of $243k.  Lots of people ask me if this is another bubble like 2006.  While I do not have a crystal ball, I don’t think so.  Credit is so much tighter now.  It’s a lot of work to get through the loan process these days.  And that’s a good thing.  Prices are not out of control when they’re only going up 4-5% each year.  The National Association of Realtors says that the national average over the entire time they’ve been keeping records is 4%.  So things appear quite sustainable.

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/2016/09/02/september-newsletter-charleston-sc-real-estate/

September Newsletter - Charleston SC Real Estate

September is here and the air should begin to cool off here soon. September in Charleston SC is full of fun outdoor activities including Charleston Beer Week, Charleston Restaurant Week, Charleston Highland Games, and a Taste of Charleston.  In addition, there’s a lot of good musical acts in town during the month as well.  Here’s the September calendar:

September 2016:

• 2: Nitro Circus Live, Joe Riley Stadium
• 2 - 4: 8^th Annual Lowcountry Jazz Festival, N Chas PAC
• 7: Italian Wine Social, Mercantile and Mash
• 7: Searching for Sugar Man, Chas Music Hall
• 7-20: Charleston Restaurant Week
• 11: 8^th Annual Dog Day Afternoon, Splash Island Park Mt Pleasant
• 11-17: Charleston Beer Week
• 11: Tod Snider, Chas Music Hall
• 14: Meghan Trainor, N Chas Coliseum
• 14: James Brown Band, Chas Music Hall
• 15: Grand Slam Jam, Chas Wine and Food, Old Chas Rainbows Park
• 17-21: Charleston Highland Games
• 18: Jake Shimabakuro, Chas Music Hall
• 18: 4^th Annual Kiawah Island Triathlon
• 20: Alice in Chains, N Chas PAC
• 21: Squirrel Nut Zippers, Chas Music Hall
• 23: Soggy Bottom Boys, Chas Music Hall
• 25: Wine, Women, and Shoes, Francis Marion
• 25-27: Taste of Charleston
• 27: Violent Femmes, Chas Music Hall
• 30: Peter Frampton,  Chas Music Hall

Life in Charleston is fantastic!  We are so blessed to live in such a wonderful city and to wake up everyday in a place that other only get to vacation.  We just got voted #1 City in the World by Travel and Leisure Magazine!!  For the 2^nd time!!  Boeing, Volvo, Silicon Harbor, lots of sports teams, shopping, restaurants, etc, etc.  You really need to check out Lewis BBQ downtown on Nassau and see what’s happening to that section of town.  Amazing!! So all of this of course is making lots of people want to move here.  Our real estate market is doing quite well.  This will probably be the 2^nd busiest year ever in Charleston history with over 16k transactions.  We’re up 8.1% in terms of transactions year to date over 2015.  Median sales price is up 4.1% YTD over 2015 and stands at a record high of $243k.  Lots of people ask me if this is another bubble like 2006.  While I do not have a crystal ball, I don’t think so.  Credit is so much tighter now.  It’s a lot of work to get through the loan process these days.  And that’s a good thing.  Prices are not out of control when they’re only going up 4-5% each year.  The National Association of Realtors says that the national average over the entire time they’ve been keeping records is 4%.  So things appear quite sustainable.

Contact with us at:

Back Porch Properties

1180 Sam Rittenberg Blvd #105

Charleston, SC 29407

(843) 300-2766

Connect with us on:

Facebook Page

LinkedIn Company Page

Twitter Profile

Originally Published: http://www.backporchproperties.com/2016/09/02/september-newsletter-charleston-sc-real-estate/