Out of curiosity, I wanted to see how many homes have sold on the Isle of Palms over one million dollars so far in 2009. This year to date 21 single family homes have sold from 1 million to 5 million mark. Here is the breakdown:
1) 17 have sold from 1 million to 2 million
2) 3 have sold from 2 million to 3 million
3) 0 have sold from 3 million to 4 million
4) 1 has sold from 4 million to 5 million
5) There have been none to sale over 5 million
The average price per sale was $1,787,319 with an average of $475.53 per square foot. These homes were on the market an average of 271 days before a sale.