Same home sales
I have just completed some incredible research on the sale of homes this year that also changed hands back in the 2005-2008 time period. Generally, our stats always compare sales of this year with those of last year. While that is fine, they are not the same homes. The research that I did shows how much value we have all lost since the peak of the market in 2006. We are now selling homes that also sold back in the frothy period of 2005-2008. It was shocking to look in the tax records and see what they had sold for back then compared to what they are selling for now. Of the 617 single family homes sold in April of 2011, 485 of those were built prior to 2009 and thus had a chance of selling back in that 2005-2008 period. Of those 485, about 215 of those changed hands back in 2005-2008. The average home sold for 30% less this year than it did in the 2005-2008 time period. I think that I'm the first person to ever look at sales of the exact same homes over a period of years.Charleston home buying activity
- 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
Daniel Island homes prices
YTD stats show that Daniel Island median sales prices have dropped about 25% since 2010. Peninsula Charleston down about 19%.Charleston buying activity
- 183 residential properties under contract past wk still strong buying activity, but a slight weakening.
- 152 single family homes under contract past week. Median LIST price $225k(good), $106/sqft. 7 $1M+(3 $2M+). 25 under $100k.
- 46(30%) of 152 single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
- 31 island single family homes under contract past wk: James-11,Johns-3,Wadmalaw-1,Seabrk-3,Edisto-2,Sullivans-2,IOP-2,WildDunes-2,Daniel-5
- 11 James Island single family homes under contract past wk LISTED from $65k-$490k. Median $210k, $135/sqft. 1 above $270k.
- 4(36%) of 11 James Island single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES.
- 5 Daniel Island single family homes under contract past wk. LIST prices $295k,$319k,$415k,$579k,$825k. From $157-$206/sqft
- 2(40%) of 5 Daniel Island single family homes under contract past wk were SHORT SALES
- 14 West Ashley single family homes under contract past wk LISTED from $59k-$400k. Median $182k, $103/sqft. Only 1 above $250k.
- 9 North Charleston single family homes under contract past wk LISTED from $12k-$208k. Median $73k, $51/sqft. 1 above $140k.
- 6(67%) of 9 North Charleston single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES.
- 28 Mt Pleasant single family homes under contract past wk LISTED from $198k-$1.7M. Median $340k, $155/sqft. 1 under $232k.
- 8(29%) of 28 Mt Pleasant single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES.
- 3 peninsula Charleston single family homes under contract past wk. 1 South of Broad($799k), and 2 Wagener Terrace($355k,$440k)
- 29 Summerville/Ladson single family homes under contract past wk LISTED from $61k-$391k. Median $143k, $90/sqft. 11 over $250k
- 32 Hanahan/Gs Crk/Mnks Cnr single family homes under contract past wk LISTED from $28k-$650k. Median $125k, $75/sqft. 5>$200k.
- 10(31%) of 32 Hanahan/Gs Crk/Mnks Cnr single family homes under contract past wk either BANK OWNED FORECLOSURES or SHORT SALE.
- 29 condo/townhomes under contract past wk. 6 LISTED under $100k. 15 $110k-$170k. 3 $215k-$226k. 3 $310k-$399k. 2 $549k,$750k.
- 17(59%) of 29 condo/townhomes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
Charleston home buying activity
192 residential properties under contract past wk continues strong buying activity. Not as strong as April/May, but very good.152 single family homes under contract past wk LISTED from $15k-$1.4M. Median $200k, $104/sqft. 5 over $990k. 29 under $100k.
44(29%) of 152 single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
28 island single family homes under contract past wk: James-12,Folly-1,Johns-5,Seabrook-3,Kiawah-1,Edisto-1,IOP-1,WildDunes-1,Daniel-3
12 James Island single family homes under contract past wk. 8 LISTED from $99k-$205k. Other 4 at $273k,$325k,$550k,$725k.
3(25%) of 12 James Island single family homes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
5 Johns Island single family homes under contract past wk LISTED at $165k, $235k, $425k, $590k, $1.14M
19 West Ashley single family homes under contract past wk LISTED from $55k-$500k. Median $180k, $111/sqft
9 North Charleston single family homes under contract past wk LISTED from $25k-$330k. 5 under $100k. 3 from $140k-$225k
22 Mt Pleasant single family homes under contract past wk LISTED from $155k-$849k. Only 1 under $224k. Median $354k, $145/sqft
6 peninsula Charleston single family homes under contract past wk LISTED from $145k-$1.4M. 4 under $275k.
27 Summerville/Ladson single family homes under contract past wk LISTED from $55k-$375k. Median $165k, $81/sqft. 3 > $100/sqft
11(41%) of 27 Summerville/Ladson single family homes under contract past week either BANK OWNED FORECLOSURES or SHORT SALES
39 Hanahan/Goose Crk/Mncks Cnr single family homes under contract past wk LISTED from $15k-$370k. Median $116k(low), $75/sqft
14(36%) of 39 Hanahan/Gs Crk/Mnks Cnr single family homes under contract past wk either BANK OWNED FORECLOSURES or SHORT SALES
38 condo/townhomes under contract past wk. 6 under $100k, 16 from $100k-$200k, 7 $200k-$300k, 6 $325k-$419k. 3 $759k-$825k
12(32%) of 38 condo/townhomes under contract past wk were either BANK OWNED FORECLOSURES or SHORT SALES
