Third Quarter Comes to a Close – Isle of Palms, Wild Dunes, and Sullivan’s Island Market Report

Oceanfront Home on the Isle of PalmsWith the end of the third quarter, let’s take a look at how things fared in the areas of; the Isle of Palms, Wild Dunes, and Sullivan’s Island.  Overall, things continued on an upward trend like we saw at the end of the first half of the year.  Almost all areas experienced an increase in the number of properties sold and the price of the median sale.  These signs fall right in line with what we have seen in some of the primary markets like Historic Charleston, Mt. Pleasant, West Ashley, and James Island.  

Isle of Palms

Year to date, there have been 73 closed sides for $69,643,750 versus 48 last year for $47,395,985.

The median sale price at the end of the third quarter of 2013 was $750,000 vs. 626,250 this time last year.

Year to date, the average price per square foot is $338 and owners have received 91.81% of list price to sell price.

Wild Dunes

Year to date, there have been 55 closed sides for $48,033,165 versus 49 last year for $45,404,599.

The median sale price at the end of the third quarter of 2013 was $750,000 vs. $860,000 this time last year.

Year to date, the average price per square foot is $328 and owners have received 91.88% of list price to sale price.

Wild Dunes CondosMariners Walk Villas in Wild Dunes

Year to date, there have been 45 closed sides for $22,808,250 versus 33 last year for $15,944,000.

The median sale price at the end of the third quarter of 2013 was $500,00 vs. $390,000 this time last year.

Year to date, the average price per square foot is $379 and owners have received 92.54% of list price to sale price.

Sullivan’s Island

Year to date, there have been 36 closed sides for $59,490,416 versus 33 last year for $48,933,416.

The median sale price at the end of the third quarter of 2013 was $1,447,500 vs. $1,300,000 this time last year.

Year to date, the average price per square foot is $550 and owners have received 92.61% of list price to sale price.

*Statistics only include single-family homes on the Isle of Palms and Sullivan’s Island  –  Numbers are taken from CTARMLS
This entry was posted in Isle of Palms Market Update, Isle of Palms real estate, Market Update, Sullivan's Island Market Update, Sullivan's Island Real Estate, Uncategorized, Wild Dunes, Wild Dunes Real Estate Update and tagged , , , , , . Bookmark the permalink.

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