April Real Estate Overview

Below is the April real estate overview for Daniel Island according to the Charleston-Trident Association of Realtors.

In addition, the Association of Realtors just launched a new public website where you can search the MLS without providing any personal information. I’ve added it to the column of links on the left or you can visit www.charlestonrealtors.com

April Sales (Residential) 

2713441 – Details: 1225 BLAKEWAY ST, #802 – $221,000
2632834 – Details: 1225 BLAKEWAY ST, #1205 – $224,000
2632619 – Details: 145 PIER VIEW ST, #402 – $352,460
2901890 – Details: 118 BOUNTY ST – $390,000
2835789 – Details: 105 COOKE ST – $398,000
2834995 – Details: 2386 DANIEL ISLAND DR – $450,000
2829584 – Details: 1743 PIERCE ST – $630,000
2822171 – Details: 1216 HESTER PARK STREET – $634,878

Or Click Here to go view all listings at once. 

April Sales (Homesites) 

2910853 – Details: 1852 BEEKMAN ST – $230,000
2821194 – Details: 400 ISLAND PARK DR – $253,000
2834926 – Details: 429 RALSTON CREEK ST – $2,000,000

Or Click Here to go view all listings at once 

April Properties that have gone under contract: 

2836360 – Details: 130 RIVER LANDING DR, #3308 – $114,900
2902629 – Details: 130 RIVER LANDING DR, #4207 – $234,000
2903444 – Details: 1701 SAILMAKER ST – $516,621
2825657 – Details: 1212 HESTER PARK ST – $649,900

Or Click Here to go view all listings at once. 

New Listings in April (Residential) 

2909276 – Details: 600 BUCKSLEY LN, #205 – $120,000
2909654 – Details: 130 RIVER LANDING DR, #7300 – $235,000
2910675 – Details: 200 RIVER LANDING DR, #E102 – $319,900
2910807 – Details: 2352 DANIEL ISLAND DR – $364,900
2911862 – Details: 100 MELLISH CT – $400,000
2909695 – Details: 185 BRADY ST – $410,000
2910836 – Details: 7056 SCHOONER ST – $429,900
2910079 – Details: 3039 BALTIMORE ST – $447,000
2910397 – Details: 6060 GRAND COUNCIL ST – $449,000
2910459 – Details: 1021 BLAKEWAY ST – $469,000
2911045 – Details: 1714 SAILMAKER ST – $537,955
2910681 – Details: 921 ETIWAN PARK ST – $549,900
2911049 – Details: 1710 SAILMAKER ST – $552,180
2911800 – Details: 1115 BARFIELD ST – $597,000
2909571 – Details: 1980 PIERCE ST – $599,500
2909527 – Details: 962 COCHRAN ST – $649,500
2909272 – Details: 140 FAIRBANKS OAK – $675,000
2909282 – Details: 1419 GLAZED BRICK ST – $889,000
2909312 – Details: 1243 SMYTHE ST – $919,900
2909816 – Details: 2449 DANIEL ISLAND DR – $1,175,000
2910666 – Details: 2455 SETTLERS ST – $1,179,000
2909851 – Details: 205 KING GEORGE ST – $1,300,000
2911615 – Details: 282 DELAHOW ST – $1,350,000
2911679 – Details: 627 ISLAND PARK DR – $1,549,000
2909386 – Details: 487 CREEK LANDING ST – $3,685,000
2909405 – Details: 370 RALSTON CREEK ST – $6,400,000

Or Click Here to go view all listings at once.

New Listings in April (Homesites) 

2911374 – Details: 1265 SMYTHE ST – $215,000
2910998 – Details: 402 HUTTY ST – $230,000
2909355 – Details: 135 KING GEORGE ST – $249,000
2910876 – Details: 1299 SMYTHE ST – $249,000
2911907 – Details: 116 IRON BOTTOM LN – $275,000
2909704 – Details: 2 DALTON ST – $350,000
2910243 – Details: 3 DALTON ST – $395,000
2909478 – Details: 176 BALFOUR DR – $469,900
2910543 – Details: 568 PARK CROSSING ST – $539,000
2910641 – Details: 79 IRON BOTTOM LN – $539,000
2909899 – Details: 336 RHODEN ISLAND DR – $629,000
2910346 – Details: 44 WATROO POINT – $649,000
2910530 – Details: 565 PARK CROSSING ST – $695,000

Or Click Here to go view all listings at once.

If you have any questions, please email me at angie.johnson@danielisland.com and I’ll be sure to respond promptly.

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Charleston Real Estate Sales Surge

FOR IMMEDIATE RELEASE

MARCH RESIDENTIAL REAL ESTATE SALES SURGE

Sales at their highest level since October 2008

 

CHARLESTON, SC—(April 10, 2009) The unprecedented number of showings in January and March have translated into higher sales volume, driven by incentives like the $8,000 tax credit, incredibly low interest rates and a great selection of reasonably-priced homes on the market. 

 

 The Charleston Trident Association of REALTORS® report that the Lowcountry residential real estate market made significant sales gains in March, soaring 37% over February levels with 568 closed transactions.  The median sales price also increased nearly 3% month-over-month, climbing to $185,000.  The most movement in the market occurred in the $200,000-$249,000 range.

 

While below year-over-year levels, the increases in showings, sales and median price has led to cautious optimism among industry leaders.  “In addition to increased showings and closings, we’re seeing a lot of first-time homebuyers, which indicates that consumer confidence is on the rise.  People are realizing the incredible selection and value in this market, and making the smart decision to invest in real property” said Gettys Glaze, President of the Charleston Trident Multiple Listing Service.  March 2008 saw 752 closed transactions, with a median price of $197,500. 

 

There are 11,221 homes currently listed for sale with the Charleston Trident Multiple Listing Service, and 351transactions pending.  Average Days on Market (DOM) for this period was 142.

 

DORCHESTER COUNTY

Sales in Dorchester County increased significantly for the second month in a row, up 29%, with 112 closed transactions.  The median price dipped slightly, to $161,000 after February’s unprecedented jump to $169,995.  Nearly half of the County’s activity was in the Ridgeville area—a total of 50 closed sales, with a median price of $171,300.

 

CHARLESTON COUNTY

Charleston County was the leader in March sales, more than doubling closed transactions in February.  288 homes sold in March, compared to last month’s 180.  Median price held strong at $225,000.  Most of the market activity was concentrated in the northern portion of Mount Pleasant, which includes Park West, with 52 sales and a median price of $321,250. 

 

BERKELEY COUNTY

Sales increased 32% in Berkeley County in March with a total of 137 closings and resulted in a median price of $165,000, up 2% over February.  The most activity in the county was reported in Goose Creek/Moncks Corner (Highway 52 to Oakley Road) with 34 sales and a median price of $165,000. 

FYI… For those who have not owned a home in the last three years.

Since many of you have asked me about this credit, I’m pasting the details that I received from the Charleston Trident Association of Realtors. Although this doesn’t apply to most of my friends and clients, it may help to share this information with family and friends who are in a position to take advantage of this credit.

FIRST‐TIME HOMEBUYER TAX CREDIT
As Modified in the American Recovery and Reinvestment Act

PROVISIONS EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009

AMOUNT OF CREDIT Maximum credit issued will be $8,000

ELIGIBLE PROPERTY Any single family residence (including condos, co-ops and townhouses) that will be used as the principal residence.

REFUNDABLE Yes. Reduces (or, can eliminate) income tax liability for the year of the purchase. Any unused amount of tax credit will be refunded to the homebuyer.

INCOME LIMIT?  Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 for a joint return).

FIRST TIME HOMEBUYER ONLY?
Yes. Purchaser (and purchaser’s spouse) may not
have owned a principal residence in 3 years prior to
purchase.

REVENUE BOND FINANCING Purchasers who utilize revenue bond financing can use credit.

REPAYMENT None, for purchases on after January 1, 2009 and
before December 1, 2009.

RECAPTURE None, unless the home is sold within three years of
the purchase. If the home is sold within three years
original purchase, the entire amount of credit is
recaptured upon sale.

TERMINATION December 1, 2009

EFFECTIVE DATE Effective as of January 1, 2009