Posted By Shawn Pillion @ Mar 10th 2014 8:10am In: Buyer Info

Analysis of residential properties going under contract(contingent) during week of 2/28/14-3/6/14

307 residential properties under contract past week. Starting to see the spring pop now. Amazing considering the rain.

247 single family homes under contract past wk. Median LIST price $230k,$108/sqft. 18 under $100k. 11 over $1M. Median 47 CDOM. Median Yr Blt 1997

32(13%) of 247 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES. Another 9% new construction. 11 of 18 short sales in areas 31/32, 61-76

40 island single family homes under contract past wk. James-16,Johns-8,Wadmalaw-1($500k),Kiawah-1($1.2M),Edisto-1($329k),Seabrook-2($169k,$699k),Sullivans-1($3.65M),IOP-5($480k,$549k,$995k,$1.2M,$1.3M),WildDunes-2($880k,$1.2M),Dewees-1($1.25M),Dan-2($759k,$1.2M)

16 James Island single family homes under contract past wk LISTED from $210k-$399k. Median $299k,$140/sqft. 3(19%) BANK FORECLOSURES or SHORT SALES. 2(13%) new construction.

8 Johns Island single family homes under contract past wk LISTED from $130k-$699k. Median $407k,$155/sqft. 1 under $299k. 1(13%) BANK FORECLOSURES or SHORT SALES. 2(25%) new construction.

20 West Ashley single family homes under contract past wk LISTED from $112k-$400k. 3 under $200k. 6 above $350k. Median $285k,$123/sqft. 4(20%) BANK FORECLOSURES or SHORT SALES. 0 new construction.

20 North Chas single family homes under contract past wk LISTED from $38k-$222k. 5 Park Circle. 5 under $100k. Median $143k,$89/sqft. 2(10%) BANK FORECLOSURES or SHORT SALES. 2(10%) new construction

40 Mt Pleasant single family homes under contract past wk LISTED from $217k-$1.6M. 4 Belle Hall. Median $387k,$190/sqft. 15 over $500k. 2 under $145/sqft. 3(8%) BANK OWNED FORECLOSURES or SHORT SALES. 4(10%) new construction.

13 Peninsula Charleston single family homes under contract past wk LISTED from $130k-$3.5M. 3 above $1M. Median $345k,$258/sqft. 7 south of crosstown. 4 North Central, 3 SOB.

59 Summerville/Ladson single family homes under contract past wk LISTED from $72k-$500K. 4 McKewn, 4 Whitehall. Median $169k,$90/sqft. 3 under $100k. 6 over $300k. 4(7%) BANK OWNED FORECLOSURES or SHORT SALES. 4(7%) new construction.

53 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $48k-$360k. 5 Sangaree. Median $164k,$88/sqft. 10 below $100k. 3 above $300k. 12(23%) BANK OWNED FORECLOSURES or SHORT SALES. 6(11%) new construction.

54 condo/townhomes under contract past wk. 15 LISTED under $100k. 24 from $100k-$200k. 5 from $245k-$300k. 6 from $309k-$500k. 3 from $549k-$750k. 1 at $1.2M. 15 Mt P. 9(17%) BANK OWNED FORECLOSURES or SHORT SALES. 4(7%) new construction.  Provided by Doug Holmes

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