It is FREEZING today!! My thermometer said that it was 30 degrees. The sun is shining brilliantly and it looks warm but it is icy cold. Charleston in March? Who would have thought it would be so cold. We’ve lived here for almost 10 years and are astonished…

Well, the stock market dropped 300 points yesterday. Like everyone else, Chad and I are wondering what to do. Since we are relatively young, we’ll leave our money where it is and pray that the market recovers before we really need to access it. I feel bad for people who are my parents’ age and who have been counting on their portfolios in order to retire in the next 10 years. Maybe the economy will bounce back faster than we anticipate and they will be able to follow through with their plans.

The real estate market on Daniel Island has been pretty healthy in February. Here is an overview of the activity:

Residential properties that closed in February:

 

2831956 – Details: 600 BUCKSLEY LN, #101, CHARLESTON, SC – $173,000
2632335 –
Details: 145 PIER VIEW ST, #206, CHARLESTON, SC – $200,000
2632812 –
Details: 1225 BLAKEWAY ST, #1105, CHARLESTON, SC – $210,000
2713434 –
Details: 1225 BLAKEWAY ST, #908, CHARLESTON, SC – $220,000
2830460 –
Details: 1406 ELFE ST, CHARLESTON, SC – $260,000
2902703 –
Details: 1119 BLAKEWAY ST, CHARLESTON, SC – $385,000
2741325 –
Details: 952 COCHRAN ST, CHARLESTON, SC – $527,500
2824485 –
Details: 1026 BARFIELD ST, CHARLESTON, SC – $540,000
2818207 –
Details: 1725 PIERCE ST, CHARLESTON, SC – $763,528
2825819 –
Details: 276 BERESFORD CREEK ST, CHARLESTON, SC – $765,000
2821084 –
Details: 74 WOODFORD ST, CHARLESTON, SC – $999,950
2824752 –
Details: 2437 DANIEL ISLAND DR, CHARLESTON, SC – $1,150,000

Residential Properties that went under contract in February:

 

2835714 – Details: 130 RIVER LANDING DR, #3209, CHARLESTON, SC – $149,900
2713437 –
Details: 1225 BLAKEWAY ST, #807, CHARLESTON, SC – $245,000
2904977 –
Details: 145 PIER VIEW ST, #416, CHARLESTON, SC – $350,000
2902267 –
Details: 4021 CROWN POINTE ST, CHARLESTON, SC – $595,000
2833583 –
Details: 1110 BLAKEWAY ST, CHARLESTON, SC – $765,000
2824849 –
Details: 7844 FARR ST, CHARLESTON, SC – $799,000
2816289 –
Details: 2429 DANIEL ISLAND DR, CHARLESTON, SC – $1,075,000
2821760 –
Details: 47 IRON BOTTOM LN, CHARLESTON, SC – $2,195,000

New residential properties that were listed in February:

 

2905321 – Details: 130 RIVER LANDING DR, #7210, CHARLESTON, SC – $129,900
2905418 –
Details: 130 RIVER LANDING DR, #9202, CHARLESTON, SC – $179,900
2904549 –
Details: 600 BUCKSLEY LN, #201, CHARLESTON, SC – $185,000
2904200 –
Details: 100 BUCKSLEY LN, #306, CHARLESTON, SC – $189,000
2904588 –
Details: 130 RIVER LANDING DRIVE, #10306, CHARLESTON, SC – $235,000
2903681 –
Details: 130 RIVER LANDING DR, #8111, CHARLESTON, SC – $299,900
2903414 –
Details: 200 RIVER LANDING DR, #B203, CHARLESTON, SC – $369,000
2904819 –
Details: 101 JORDAN CT, CHARLESTON, SC – $384,900
2904353 –
Details: 2267 DANIEL ISLAND DR, CHARLESTON, SC – $395,000
2905037 –
Details: 2247 DANIEL ISLAND DR, CHARLESTON, SC – $420,000
2904842 –
Details: 200 RIVER LANDING DR, #B406, CHARLESTON, SC – $439,000
2903448 –
Details: 1709 SAILMAKER ST, CHARLESTON, SC – $483,365
2904792 –
Details: 205 FAIRCHILD ST, CHARLESTON, SC – $499,900
2903444 –
Details: 1701 SAILMAKER ST, CHARLESTON, SC – $505,699
2903765 –
Details: 7060 SCHOONER ST, CHARLESTON, SC – $510,000
2904527 –
Details: 3023 BALTIMORE ST, CHARLESTON, SC – $519,000
2903446 –
Details: 1702 SAILMAKER ST, CHARLESTON, SC – $529,990
2904534 –
Details: 106 BARNABY ST, CHARLESTON, SC – $535,000
2903447 –
Details: 1706 SAILMAKER ST, CHARLESTON, SC – $538,090
2904480 –
Details: 1969 PIERCE ST, CHARLESTON, SC – $549,000
2904963 –
Details: 122 CODNER’S FERRY, CHARLESTON, SC – $634,900
2904049 –
Details: 8055 GIBBON ST, CHARLESTON, SC – $649,000
2904692 –
Details: 118 FAIRBANKS OAK, #1 2A, CHARLESTON, SC – $749,000
2904169 –
Details: 124 FAIRBANKS OAK, #2 3A, CHARLESTON, SC – $750,000
2904281 –
Details: 272 BERESFORD CREEK ST, CHARLESTON, SC – $875,000
2905646 –
Details: 250 BERESFORD CREEK ST, CHARLESTON, SC – $899,000
2903878 –
Details: 506 INDIAN CORN ST, CHARLESTON, SC – $899,900
2905382 –
Details: 701 CUNNINGHAM ST, CHARLESTON, SC – $899,998
2903396 –
Details: 6116 GRAND COUNCIL ST, CHARLESTON, SC – $999,700
2904757 –
Details: 212 KING GEORGE ST, CHARLESTON, SC – $1,050,000
2904515 –
Details: 22 WOODFORD ST, CHARLESTON, SC – $1,050,000
2903612 –
Details: 87 IRON BOTTOM LN, CHARLESTON, SC – $1,395,000
2905185 –
Details: 659 ISLAND PARK DR, CHARLESTON, SC – $1,849,900
2905345 –
Details: 607 ISLAND PARK DR, CHARLESTON, SC – $2,000,000
2905088 –
Details: 635 ISLAND PARK DR, CHARLESTON, SC – $2,200,000
2904321 –
Details: 33 WATROO POINT, CHARLESTON, SC – $2,599,000
2903433 –
Details: 431 ISLAND PARK DR, CHARLESTON, SC – $2,999,000

Homesites that closed in February:

 

2734089 – Details: 157 RIVER GREEN PLACE, CHARLESTON, SC – $525,000
2821352 –
Details: 179 KING GEORGE ST, CHARLESTON, SC – $535,000

However, new listings are still far outnumbering the amount of sales which leads to excess inventory. Excess inventory translates into a sluggish market. Until we can work through some of the existing inventory and get to a healthy level of supply and demand, we’ll be in a buyer’s market.

For buyers, that is a very good thing! For those who have to sell — it’s not so good.

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Published in: on March 3, 2009 at 2:35 pm  Comments (1)  
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One CommentLeave a comment

  1. please put us on the email list to receive this monthly! We will be relocating to Daniel Island in June/July 2010 and are busy following the real estate market for potential homes on the island.

    thank you….
    Anne Marie and Joseph Conroy
    amconroy@comcast.net
    drconroy@comcast.net


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