Isle of Palms / Wild Dunes Real Estate Update December 2010

Isle of Palms

There were seven closed brokerage sales for $9.5 million in December, 2010 versus eight for $15.9 million in 2009.

Last year there were 98 closings for $164.7 million versus 75 closings a year ago for $146 million.

In 2010 the price of the average sale was down 13.6% versus 2009 ($840,541 vs. $972,987). Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were 11 closed brokerage sales for $11.3 million in December, 2010 versus 10 for $13.3 million in 2009.

Last year there were 82 closings for $125.7 million versus 60 closings in 2009 for $91.7 million.

Year to date the price of the average sale is $662,293 versus $763,758 last year. Remember, these are macro numbers dependent on the properties sold.

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