Weekly Market Update and It is Looking Good!
Posted by Cathy Hunnicutt on Friday, June 24, 2011 at 5:04 PM
By Cathy Hunnicutt / June 24, 2011
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225 residential properties under contract past wk renews strong buying activity of spring. Exciting!
181 single family homes under contract past wk. Median LIST price $175k(low), $103/sqft. 10 over $999k. 23 under $100k
47(26%) of 181 single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES.
25 island single family homes under contract past wk: James-10,Johns-4,Wadmlaw-1, Seabrk-2,Kiawah-2,Edisto-1, Sullivans-3,WildDunes-1, Daniel-1
6(24%) of 25 island single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES.
10 James Island single family homes under contract past wk. 5 LISTED $125k-$175k. 4 from $205k-$275k. 1 at $695k. 2 > $125/sf
20 West Ashley single family homes under contract past wk LISTED from $30k-$1M. Median $210k, $116/sqft. 5 above $300k.
22 North Charleston single family homes under contract past wk LISTED from $20k-$215k. Median $118k, $72/sqft. 4 above $135k
6(27%) of 22 North Charleston single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
33 Mt Pleasant single family homes under contract past wk LISTED from $121k-$1.75M. Median $415k, $148/sqft. 3 under $200k
5 peninsula Charleston single family homes under contract past wk. LIST prices $130k,$239k,$398k,$450k,$535k. All $103-$198/sf
37 Summerville/Ladson single family homes under contract past wk LISTED from $35k-$363k. Median $157k, $85/sqft. 7 above $250k
11(30%) of 37 Summerville/Ladson single family homes under contract past wk either BANK OWNED FORECLOSURES or SHORT SALES.
33 Hanahan/Gs Crk/Mnks Cnr single family homes under contract past wk LISTED from $16k-$446k. Only 1 over $215k. Median $137k
14(42%) of 33 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past wk either BANK FORECLOSURES or SHORT SALES
43 condo/townhomes under contract past wk. 10 LISTED under $100k. 25 from $100k-$169k. 5 from $213k-$400k. 2 at $549k,$899k
12 of 43 condo/townhomes under contract past wk were in West Ashley(9 in Grand Oaks). 7 in Mt Pleasant
19(44%) of 43 condo/townhomes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
Thank you Doug Holmes for your update!
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