Isle of Palms and Wild Dunes Real Estate Update – July, 2012

Posted on July 9, 2012 by Donnie Whitaker

Isle of Palms

There were eight closed brokerage sales for $14.4 million in June, 2012 versus ten for $15.6 million in June, 2011. Year to date, there have been 52 closed sales for $89.9 million versus 53 last year for $84.6 million. The price of the average sale through June was $864,750 up 8.3% from $798,264 last year.

Wild Dunes

There were 14 closed brokerage sales for $18.5 million in June, 2012 versus 11 for $21.5 million in June, 2011. Year to date, there have been 54 closings for $74.5 million versus 50 last year for $62.4 million. The price of the average sale was $689,694 up 10.4% from $624,180 last year.

Posted in Charleston Real Estate, Isle of Palms, Isle of Palms Market Update, Isle of Palms real estate, Market Update, Real Estate, Wild Dunes, Wild Dunes closed sales, Wild Dunes Real Estate, Wild Dunes Real Estate Update | Tagged , , , | Leave a comment

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

Posted on June 12, 2012 by Donnie Whitaker

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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Isle of Palms and Wild Dunes Real Estate Update – February, 2012

Posted on March 12, 2012 by Donnie Whitaker

Isle of Palms

There were eight closed brokerage sales for $5.9 million in February, 2012 versus five for $8.4 million in February, 2011.

Year to date, there have been 13 closed sides for $17.4 million versus 12 last year for $15.9 million.

The price of the average sale through February was $670,615 vs. $664,250 last year.

Wild Dunes

There were two closed brokerage sales for $2.8 million in February, 2012 versus seven for $5.8 million in February 2011.

Year to date, there have been eight closings for $10.7 million versus twelve last year for $12.7 million.

The price of the average sale was $699,188 up 26% from $530,750, last year.

Posted in Charleston, Charleston Home Sales, Charleston Real Estate, Isle of Palms, Isle of Palms Market Update, Isle of Palms real estate, Market Update, Real Estate, Wild Dunes, Wild Dunes Real Estate, Wild Dunes Real Estate Update | Leave a comment

Wild Dunes Condos Below $1 Million Getting the Bite!

Posted on March 7, 2012 by Donnie Whitaker

If you have a condo for sale in Wild Dunes, priced under the $1 million mark, chances are your property is being shown and is a hot commodity. My research through CTAR MLS (Charleston Trident Area Multiple Listing Service) indicates year to date 5 condos have sold, and 7 are under contract contingent on an inspection, appraisal, etc. Of these condos, not one was priced over $1 million. Now this is not a huge surprise considering the fact more people can afford the under price point, but it does show some of the higher priced condos like you will find in Ocean Club and Beach Club are sitting.

Of the condos sold, the sell prices range from $190,000 for a 1 bedroom, 1 bath condo at The Village at Wild Dunes, to $825,000 for a Beach Club Villa

 

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So, this tells me that if you really want to sell, and you are have a property that could be priced below $1 million, it would be wise to do so.

Posted in Ocean front Condo in Wild Dunes, Wild Dunes, Wild Dunes Condos, Wild Dunes Real Estate | Tagged , | Leave a comment

Warren Buffett Says Buy Homes Now!

Posted on March 5, 2012 by Donnie Whitaker

I would take Warren Buffett’s word….I think it is safe to say he knows a thing or two about how to invest.Warren Buffett Says Buy Homes Now!

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