For those of you that are interested in the Charleston, SC real estate market here is my weekly update: Activity is still very strong. More short sales this week. I cannot understand why anyone (buyer, seller, bank, or agent) would get involved in a short sale at this point in the Charleston market. Prices in James Island and West Ashley were good, but the rest of the market was a little off on price. Analysis of residential properties going under contract(contingent) during week of 10/18/13-10/24/13 225 residential properties under contract past week. Activity is quite incredible for this time of year. 176 single family homes under contract past wk. Median LIST price $200,$103/sqft. 27 under $100k. 4 over $1M. Median 41 CDOM. Median Yr Blt 1990. 38(22%) of 176 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES. Another 11% new construction. 13 of 24 short sales in areas 31/32, 61-76 26 island single family homes under contract past wk. James-10,Folly-3($350k,$450k,$895k),Johns- 6($130k,$150k,$270k,$285k,$499k,$795k),Kiawah-1($1.3M), Sullivans-1($2.7M),IOP-2($657k,$700k), Dan- 3($390k,$655k,$663k) 10 James Island single family homes under contract past wk LISTED from $145k-$358k. Median $272k,$155/sqft. 2 under $200k. 5 over $300k. 2(20%) BANK FORECLOSURES or SHORT SALES. 0 new construction. 26 West Ashley single family homes under contract past wk LISTED from $70k-$375k. 3 Northbridge Terrace. Median $223k,$120/sqft. 5(19%) BANK FORECLOSURES or SHORT SALES. 0 new construction. 15 North Chas single family homes under contract past wk LISTED from $67k-$213k. 4 Park Circle. 8 below $100k. Median $98k,$82/sqft. 1 above $200k. 6(40%) BANK FORECLOSURES or SHORT SALES. 3(20%) new construction 25 Mt Pleasant single family homes under contract past wk LISTED from $188k-$689k. 4 Rivertowne. Median $385k,$168/sqft. 1 under $250k. 3 over $500k. 3 under $140/sqft. 2(8%) BANK OWNED FORECLOSURES or SHORT SALES. 3(12%) new construction. 9 Peninsula Charleston single family homes under contract past wk LISTED from $102k-$3.5M. 2 under $200k. 5 over $495k. 2 over $1M. 31 Summerville/Ladson single family homes under contract past wk LISTED from $35k-$434K. 3 Fieldview. Median $140k,$79/sqft. 7 under $100k. 2 above $270k. 9(29%) BANK OWNED FORECLOSURES or SHORT SALES. 3(10%) new construction. 41 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $35k-$350k. 5 Sangaree. 4 above $230k. Median $165k,$91/sqft. 6(15%) BANK OWNED FORECLOSURES or SHORT SALES. 7(17%) new construction. 41 condo/townhomes under contract past wk. 12 LISTED under $100k. 14 from $100k-$200k. 7 from $233-$300k. 4 from $310k-$390k. 4 from $465k-$715k. 7 Mt. Pleasant. 10(24%) BANK OWNED FORECLOSURES or SHORT SALES. 7(17%) new construction. If you or anyone you know could use my 36 years of experience to help with your real estate needs, even if you just have a question or two, please call Johnny Joyce & Associates at 843-569-0000.
Posted on: Sat, 26 Oct 2013 12:22:08 +0000
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