Sullivan’s Island
There were four closed sales on Sullivan’s in September, 2012 for an average of $1,262,750. The average price per square foot was $535 and days on market was 491.
Year to date there have been 37 sales with an average sale price of $1,483,179 and an average list to sale percentage of 89.75%.
Isle of Palms
There were three closed sales on the Isle of Palms in September, 2012 for an average of $640,000. The average price per square foot was $312 and days on market was 96.
Year to date there have been 70 sales with an average sale price of $759,536 and an average list to sale percentage of 93.38%
Wild Dunes
There were seven closed sales in Wild Dunes in September, 2012 for an average of $752,693. The average price per square foot was $283 and days on market was 240.
Year to date there have been 83 closed sales with an average sale price of $752,693 and an average list to sale percentage of 89.43%
In September, twenty-five new listings hit the Isle of Palms, Sullivan’s Island, and Wild Dunes Market combined. I have listed a few below:
1220749 – Details: 122 CAROLINA BLVD, ISLE OF PALMS, SC – $850,000
1222068 – Details: 717 CAROLINA BLVD, ISLE OF PALMS, SC – $975,000
1222061 – Details: 8 SEAHORSE CT, ISLE OF PALMS, SC – $1,850,000
1222077 – Details: 410 VILLAGE AT WILD DUNES, #B410, ISLE OF PALMS, SC – $310,000
1220769 – Details: 6 MARINERS WALK, #D, ISLE OF PALMS, SC – $597,000
1220781 – Details: 308 SUMMERHOUSE, ISLE OF PALMS, SC – $597,000
1221724 – Details: 16 SANDCRAB CT, ISLE OF PALMS, SC – $669,000
1221150 – Details: 95 GRAND PAVILION, ISLE OF PALMS, SC – $725,000
1220870 – Details: 2 MARINERS WALK, #2D, ISLE OF PALMS, SC – $749,000
1221994 – Details: 1107 OCEAN CLUB, ISLE OF PALMS, SC – $1,200,000
*Homes listed for sale are by various MLS Participants
*Date is from CTARMLS and includes both Single-Family Homes and Condos
*Numbers do not include closings done “for sale by owner”
Positive news came yesterday when the Post and Courier reported a rise in homes sales in Charleston County and other surrounding areas. According to the Charleston Trident Association of Realtors, home sales are up almost 10% from this time last year. Trends show inventory levels are decreasing and homes prices are on the rise. I have posted a link to the full article below.
Isle of Palms
There were five closed brokerage sales for $8.1 million in August, 2012 versus six for $7.4 million in August, 2011.
Year to date, there have been 75 closed sales for $113.7 million versus 58 last year for $108 million.
The price of the average sale through August was $758,287 down 4.5% from $794,426 last year.
Wild Dunes
There were eight closed brokerage sales for $14.7 million in August, 2012 versus eleven for $14.9 million in August, 2011.
Year to date, there have been 78 closings for $110.6 million versus 67 last year for $82.8 million.
The price of the average sale was $727,303 up 17.7% from $617,731 last year.
Donnie Whitaker Real Estate 