Isle of Palms and Wild Dunes Real Estate Update – May, 2011

Isle of Palms

There were nine closed brokerage sales for $20.9 million in May, 2011 versus seven for $13.3 million in May, 2010.

Year to date, there have been 41 closings for $67.4 million vs. 35 for $79.4 million last year.

Through May, the price of the average sale was $822,122 vs. $1.134 million last year.

Wild Dunes

There were nine closed brokerage sales for $8.2 million in May, 2011 versus eight for $10.7 million in 2010. Year to date there have been 38 closings for $40.5 million vs. 31 for $48.4 million last year.

Through May, the price of the average sale was $532,303 versus $780,677 last year.

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