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The Charleston Trident Association of Realtors Multiple Listing Service reported 417 single family detached home sales in February. This was almost a 29% increase over January sales.
The average sales price showed a slight improvement over January at $294,225 however median price decreased about 10% to $190,000. The average days on market (DOM) decreased to 118 from 137 in January. On average, homes sold for 95% of the list price. For every home sold, 3.13 homes were newly listed.
There are currently 6,682 single family DETACHED homes listed for sale in the Charleston MLS and an additional 2,584 condos and townhomes available. As of March 12, detached homes sales improved about 2% over sales for the same time period in 2009.
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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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12 |
$432,500 |
131 |
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Charleston Peninsula |
409 |
$676,045 ☺ |
39.92 |
|
|
|
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|
5 |
$587,308 ☺ |
195 |
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Daniel Island
|
128 |
$688,561 ☺ |
31 |
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|
|
|
|
|
|
33 ☺ |
$157,500 ☺ |
85 |
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Goose Creek |
364 |
$167,638 ☺ |
15.48 |
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8 ☺ |
$190,450 |
144 |
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Hanahan |
120 |
$197,662 |
21.25 |
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9 ☺ |
$1,334,500 ☺ |
170 |
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Isle of Palms |
280 |
$1,824,388 ☺ |
33.56 |
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25 ☺ |
$220,000 |
135 |
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James Island |
348 |
$241,140 |
17.84 |
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3 |
$205,000 |
34 |
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Meggett - Hollywood - Ravenel |
113 |
$302,500 ☺ |
44.33 |
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68 ☺ |
$372,900 ☺ |
124 |
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Mt. Pleasant |
903 |
$416,832 ☺ |
16.9 |
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23 ☺ |
$149,900 |
69 |
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Moncks Corner |
273 |
$157,670 |
16.09 |
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50 ☺ |
$131,250 |
104 |
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North Charleston |
570 |
$133,927 |
14.86 |
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1 ☺ |
$1,600,000 |
1 |
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Sullivans Island |
45 |
$1,600,000 |
52 |
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78 ☺ |
$154,950 |
113 |
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Summerville |
1024 |
$164,173 |
17.62 |
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46 ☺ |
$248,750 ☺ |
118 |
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West Ashley |
471 |
$271,985 ☺ |
13.8 |
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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 February. 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 3/10 and 3/12/2010.
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