Posted By Shawn Pillion @ May 27th 2016 9:22am In: Buyer Info

Here at ChuckTown Homes Real Estate- A Charleston SC Boutique Real Estate Brokerage- we have continued to notice new and existing home sales rise in 2016.

Inventory continues to get lower and lower. Ready to invest in Charleston Real Estate? Call the ChuckTown Homes Real Estate experts today!!

Charleston Area home Sales rise in 2016

 

Analysis of residential properties going under contract(contingent) during week of 5/20/16-5/26/16

  • 380 residential properties under contract past wk. Very robust.
  • 308 single family homes under contract past wk. Median LIST price $258k,$129/sqft.  6 under $100k. 6 over $1M, 2 of those over $2M. Median 21 CDOM. Median Yr Blt 1999
  • 15(5%) of 308 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES.  Another 14% new construction.  7 of 9 short sales in areas 31/32, 61-76
  • 39 island single family homes under contract past wk. James-14,Folly-1($500k),Johns-11,Kiawah-2($709k,$779k),Edisto-1($270k),Seabrook-1($269k),Sullivan-1($1.1M),WildDunes-5($665k,$695k,$850k,$899k,$999k),Dan-3($625k,$830k,$850k)
  • 14 James Island single family homes under contract past wk LISTED from $150k-$450k. 2 under $200k. 2 above $400k. Median $299k,$174/sqft. 0 new construction.  
  • 11 Johns Island single family homes under contract past wk LISTED from $160k-$825k. 2 below $200k. 3 above $350k. Median $300k,$153/sqft. 2(18%) new construction.  
  • 39 West Ashley single family homes under contract past wk LISTED from $145k-$999k. 5 Canterbury Woods. 5 under $175k. 5 over $400k. Median $285k,$153/sqft. 3 new construction.
  • 32 North Chas single family homes under contract past wk LISTED from $55k-$325k. 3 under $100k. 11 over $200k. 11 Lakes of Summerville. Median $180k,$128/sqft. 15(47%) new construction.
  • 49 Mt Pleasant single family homes under contract past wk LISTED from $290k-$2.5M. 3 over $1M. Median $495k,$208/sqft. 22 over $500k. 0 under $150/sqft. 9(18%) new construction.
  • 8 Peninsula Charleston single family homes under contract past wk LISTED from $325k-$2.6M.  2 under $500k. 1 over $1M. Median $593k,$278/sqft. 3 south of crosstown.
  • 68 Summerville/Ladson single family homes under contract past wk LISTED from $75k-$499k. 6 Wescott. Median $206k,$109/sqft. 4 under $125k. 5 over $350k. 5 BANK OWNED FORECLOSURES or SHORT SALES. 5 new constr
  • 68 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $55k-$425k. 11 Crowfield. Median $192k,$105/sqft. 6 under $125k. 7 over $300k. 5 BANK OWNED FORECLOSURES or SHORT SALES. 9(13%) new construction
  • 65 condo/townhomes under contract past wk. 7 LISTED under $100k. 26 from $100k-$200k. 16 from $200k-$300k. 11 from $350k-$500k. 5 from $515k-$809k. 14 Mt P. 5 BANK OWNED FORECLOSURES or SHORT SALES. 15(23%) new construction.



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