Isle of Palms and Wild Dunes Real Estate Update – March 2011

Isle of Palms

There were 11 closed brokerage sales for $15.5 million in March, 2011 versus 6 for $9.6 million in March, 2010.

Year to date, there have been 25 closings for $40.5 million vs. 19 for $50.2 million last year.

Through March, the price of the average sale was $810,940 vs. $1.3 million last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were nine closed brokerage sales for $9.5 million in March, 2011 versus eight for $12.3 million in 2010. Year to date there have been 23 closings for $22.8 million vs. 15 for $23.6 million last year.

Through March, the price of the average sale was $494,869 versus $787,733 last year. Remember, these are macro numbers dependent on the properties sold.

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