Isle of Palms and Wild Dunes Real Estate Update – March 2011

Posted on April 8, 2011 by Donnie Whitaker

Isle of Palms

There were 11 closed brokerage sales for $15.5 million in March, 2011 versus 6 for $9.6 million in March, 2010.

Year to date, there have been 25 closings for $40.5 million vs. 19 for $50.2 million last year.

Through March, the price of the average sale was $810,940 vs. $1.3 million last year. Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were nine closed brokerage sales for $9.5 million in March, 2011 versus eight for $12.3 million in 2010. Year to date there have been 23 closings for $22.8 million vs. 15 for $23.6 million last year.

Through March, the price of the average sale was $494,869 versus $787,733 last year. Remember, these are macro numbers dependent on the properties sold.

Posted in Isle of Palms, Wild Dunes | Leave a comment

Isle of Palms / Wild Dunes Real Estate Update February 2011

Posted on March 5, 2011 by Donnie Whitaker

Isle of Palms

There were five closed brokerage sales for $8.4 million in February, 2011 versus seven for $22.1 million in February, 2010

Through February, there were 8 closings for $11.7 million vs. thirteen for $40.6 million last year.

Through February the price of the average sale was $729,125 vs. $1.563 million last year.

Wild Dunes

There were six closed brokerage sales for $4.7 million in February, 2011 versus three for $4.5 million in 2010.

Through February this year there were twelve closings for $12.2 million vs. seven last year for $11.3 million.

Through February, the price of the average sale was $508,000 versus $808,143 last year.

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

Spotlight on Morgan Place in Wild Dunes

Posted on January 17, 2011 by Donnie Whitaker

Morgan Place is a gated community inside of Wild Dunes Resort. Morgan Place was developed in the 90’s and sits in between the 14th and 15th holes of the Harbor Course, and Morgan Creek. This section of Wild Dunes features beautiful Charleston style homes that are all unique in their own way.

There are a total of 68 home sites (most developed) inside the gates. The large majority of homes either offer views of the Harbor Course or views of Morgan Creek. If you are a boater, you will find many of the homes to have a personal 45 foot slip and some are deeded with a meditteranean dock slip.

There are currently 8 homes for sale (partnerships not included). They are:

64 Morgan Place $1,249,000 Golf Course View / Mediterranean Slip
49 Morgan Place $1,250,000 Morgan Creek View
45 Morgan Place $1,299,950 Morgan Creek View
15 Morgan Place $1,349,000 Golf Course View / Mediterranean Slip
65 Morgan Place $1,499,000 Golf Course View / Mediterranean Slip
20 Morgan Place $1,595,000 Morgan Creek View / 45 ft slip
31 Morgan Place $1,995,000 Morgan Creek View / 45 ft slip
42 Morgan Place $2,100,000 Morgan Creek View

Please feel free to give me a call or send me an email for more information.

*homes listed by various MLS Participants
*prices subject to change

Posted in Harbor Course, Morgan Creek, Morgan Place | Leave a comment

Vacation Home Sales Improving

Posted on January 12, 2011 by Donnie Whitaker

It seems I am not the only one who has noticed a rise in vacation home sales lately. Downward price adjustments, low jumbo loan rates, and motivated sellers is just what the doctor ordered to once again make buying a vacation home attractive.

A recent article in the Wall Street Journal discusses this topic in more detail.

Posted in Vacation Homes | Leave a comment

Isle of Palms / Wild Dunes Real Estate Update December 2010

Posted on January 11, 2011 by Donnie Whitaker

Isle of Palms

There were seven closed brokerage sales for $9.5 million in December, 2010 versus eight for $15.9 million in 2009.

Last year there were 98 closings for $164.7 million versus 75 closings a year ago for $146 million.

In 2010 the price of the average sale was down 13.6% versus 2009 ($840,541 vs. $972,987). Please remember these are macro numbers dependent on the properties sold.

Wild Dunes

There were 11 closed brokerage sales for $11.3 million in December, 2010 versus 10 for $13.3 million in 2009.

Last year there were 82 closings for $125.7 million versus 60 closings in 2009 for $91.7 million.

Year to date the price of the average sale is $662,293 versus $763,758 last year. Remember, these are macro numbers dependent on the properties sold.

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