July 2016 Come to an End…

Activity is still terrific and prices are very good. Several properties over $3M went under contract.
James Island, Mt P, and N Chas had a fantastic week and are on track for an even better year than last.

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

358 residential properties under contract past wk. Great activity.

281 single family homes under contract past wk. 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 past wk 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 under contract past wk. James15,Folly-4($425k,$450k,$539k,$629k),Johns-8,Kiawah-1($799k),Edisto-2($819k,$890k),Seabrook-3($542k,$625k,$3.5M),WildDunes-3($1.2M,$1.3M,$1.55M),Daniel-1($1.5M)

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

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

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

25 North Chas single family homes under contract past wk 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 under contract past wk 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.

69 condo/townhomes under contract past wk. 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

 

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