May 2012 Isle of Palms, Sullivan’s Island & Wild Dunes Real Estate Market Update

In May, a total of six single family homes sold on Sullivan’s Island. Selling prices ranged from $619,000 for 2602 Ion Ave, to $2,500,000 for 1014 Middle St. The average selling price was $1,377,125 with an average price per square foot of $402.37. The average days on the market was 93. Currently there are a total of 52 single family homes for sale with asking prices ranging from $549,00 to $4,900,000. In May, a total of five single family homes sold on the Isle of Palms. Selling prices ranged from $420,000 for 11 25th Ave to a high of $4,995,000 for 4002 Palm Blvd. The average selling price was $1,769,000 and with an average price per square foot of $404.64. The average number of days on the market was 279. Currently there are a total of 77 single family homes for sale with asking prices ranging from $348,000 to $4,500,000 In May, a total of six single family homes sold in Wild Dunes. Selling prices ranged from $410,000 for 1 Lake Village Ln to $2,000,000 for 9 56th Ave. The average selling price was $1,076,000 with an average price per square foot of $347.10. The average number of days on the market was 173. Currently there are a total of 85 single family homes for sale with asking price ranging from $495,000 to $4,595,000.

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