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Daniel Island (Charleston, SC) had 6 single family detached homes sell during September with an average sales price of $560,408 and median price of $401,000. The number of homes sold in September was the same as in August however there was a 4.6% decrease in average sales price and a 28.5% decrease in median price. The average number of days on market (DOM) was 59 which was an improvement over August DOM of 150. On average, homes sold for 93% of the list price. For every home sold in August, approximately 3 homes were newly listed for sale. At the current rate of sale, it would take 27 months to deplete the inventory of homes; six months inventory is considered a balanced market.
As of October 14, 2009, there has been a 38.63% decrease in sales over the same time period last year. Daniel Island currently has 133 single family detached homes actively listed for sale with an average list price of $1,187,887 and median list price of $895,000. There are 16 homes under contract and an additional 14 homes currently pending sale.
For a detailed market analysis of your home or neighborhood, contact Debbie Donovan at 843-327-6099.
Statistics from Charleston Trident Association of Realtors Multiple Listing Service as of 10/14/09. Numbers represent SINGLE FAMILY DETACHED HOMES sold in September and are deemed reliable but not guaranteed. Median price indicates the point at which half the homes sold for more and half the homes sold for less.
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Today's Rates:
| 30-yr Fixed | 5.01% | 5.17% | | 15-yr Fixed | 4.4% | 4.63% | | 1-yr Adj | 4.22% | 5.24% |
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