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Daniel Island (Charleston, SC) had 8 single family detached homes sell during September with an average sales price of $1,009,333 and median price of $677,335. The number of homes sold in September decreased over August sales with a 200% increase in average sales price and a 4% increase in median price. The average number of days on market (DOM) decreased to 110 over August DOM of 118. On average, homes sold for 85% of the list price. For every home sold, 1.875 homes were newly listed for sale. At the current rate of sale, it would take 18.75 months to deplete the inventory of homes; six months inventory is considered a balanced market.
Daniel Island currently has 114 single family detached homes listed for sale with an average list price of $1,194,110 and median list price of $844,000. There are 19 homes under contract and an additional 17 homes currently pending sale. There are an additional 111 attached homes listed for sale on Daniel Island.
Statistics from Charleston Trident Association of Realtors Multiple Listing Service as of 10/22/2010. 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.
For a detailed market analysis of your home or neighborhood, contact Debbie Donovan at 843-327-6099.
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