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The Charleston Trident Association of Realtors Multiple Listing Service reported 487 single family detached home sales in December. This was down 33.4% over November sales.
The average sales price was up 34.6% over November at $313,510. Median price increased to $208,000, a 16.5% improvement. The average days on market (DOM) increased to 120 over 90 in November. On average, homes sold for 93% of the list price. For every home sold, 1.72 homes were newly listed.
There are currently 6,134 single family DETACHED homes listed for sale in the Charleston MLS. There are an additional 2,531 condos and townhomes listed for sale.
Overall, 2009 sales of detached homes were down 6% over 2008.
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# Sold |
Median Price |
Average Days on Market |
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Area |
# Active |
Average Price |
Month’s Inventory |
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16 ☺ |
$440,000 ☺ |
170 ☺ |
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Charleston Peninsula |
380 |
$658,593 ☺ |
27.3 |
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11 ☺ |
$506,766 ☺ |
173 |
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Daniel Island
|
113 |
$556,157 ☺ |
12.1 |
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|
33 |
$154,000 |
80 |
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Goose Creek |
310 |
$163,060 ☺ |
11.7 |
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|
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9 |
$216,797 ☺ |
60 |
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Hanahan |
120 |
$206,910 ☺ |
16.6 |
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10 ☺ |
$1,300,000 ☺ |
213 |
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Isle of Palms
|
268 |
$1,318,200 ☺ |
30.3 |
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|
20 |
$257,500☺ |
129 ☺ |
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James Island |
287 |
$321,825 ☺ |
18.35 |
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4 ☺ |
$220,000 |
154 ☺ |
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Meggett - Hollywood - Ravenel |
109 |
$234,375 |
31.25 |
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|
69 |
$375,000☺ |
153 |
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Mt. Pleasant
|
827 |
$408,542☺ |
15 |
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|
34 |
$177,995☺ |
97 |
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Moncks Corner |
267 |
$186,747 ☺ |
9.6 |
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45 |
$153,000 ☺ |
76 |
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North Charleston |
542 |
$164,905 ☺ |
15 |
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3 ☺ |
$1,150,000 |
369 |
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Sullivans Island |
46 |
$1,366,000 |
15.7 |
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117 |
$173,220 ☺ |
73 ☺ |
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Summerville |
941 |
$183,596 ☺ |
10.1 |
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40 |
$252,000 ☺ |
171 |
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West Ashley |
423 |
$435,834 ☺ |
13.45 |
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Statistics from Charleston Trident Association of Realtors MLS and are deemed reliable but not guaranteed. Numbers represent SINGLE FAMILY DETACHED HOMES sold in December. Median price indicates the point at which half the homes sold for more and half the homes sold for less. The ☺ represents an improvement over the previous month. Month’s inventory reflects the amount of time it would take to sell out of the current inventory of active, contingent, and pending property listings at the current month’s rate of sale.
Statistics were compiled 1/12/2010.
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Today's Rates:
| 30-yr Fixed | 3.83% | 3.96% | | 15-yr Fixed | 3.05% | 3.21% | | 1-yr Adj | 2.73% | 3.39% |
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Take the frustration out of selling in today's challenging market by choosing an agent with a straightforward approach who gets results. 
