Real Estate Report for Daniel Island – August 2010

Below is the statistical report for last month. Per MLS stats, sales are up over 70% from this time last year! That’s great news for those of us who call DI home.

For my fence-sitting friends, there are still some very good deals available. But, per the data above, our market is steadily improving and the really good deals are getting harder and harder to come by. Speculative building of custom homes has been virtually non-existent for the last three years. It seems that most short sales and foreclosures on Daniel Island have already surfaced (or been identified)  and I don’t see too much “shadow inventory” out there in our limited market.  Of course, I can’t predict the future.  BUT… I’ve been doing this for quite a while and the indicators seem encouraging. I feel that, on Daniel Island, we’ll return to a normal market fairly soon.

August Homes – Sold/Closed
– Details: 400 BUCKSLEY LN, #106, CHARLESTON, SC – $77,000
– Details: 200 RIVER LANDING DR, #E102, CHARLESTON, SC – $195,000
– Details: 2374 DANIEL ISLAND DR, CHARLESTON, SC – $290,000
– Details: 180 BRADY ST, CHARLESTON, SC – $292,500
– Details: 200 RIVER LANDING DR, #A307, CHARLESTON, SC – $295,000
– Details: 6035 GRAND COUNCIL ST, CHARLESTON, SC – $304,900
– Details: 154 CARTRIGHT ST, CHARLESTON, SC – $365,000
– Details: 4006 CROWN POINTE ST, CHARLESTON, SC – $370,000
– Details: 179 SCOTT ST, CHARLESTON, SC – $400,400
– Details: 2218 DANIEL ISLAND DR, CHARLESTON, SC – $432,000
– Details: 1244 BLAKEWAY ST, CHARLESTON, SC – $495,000
– Details: 2281 DANIEL ISLAND DR, CHARLESTON, SC – $525,000
– Details: 1433 HOOPER ST, CHARLESTON, SC – $609,878
– Details: 1261 BLAKEWAY ST, CHARLESTON, SC – $635,000
– Details: 315 GINNED COTTON ST, CHARLESTON, SC – $675,000
– Details: 1721 PIERCE ST, CHARLESTON, SC – $785,000
– Details: 2037 PURCELL LN, CHARLESTON, SC – $975,000
– Details: 600 CATTLE ST, CHARLESTON, SC – $995,000
– Details: 2465 DANIEL ISLAND DR, CHARLESTON, SC – $1,200,000
– Details: 91 IRON BOTTOM LN, CHARLESTON, SC – $1,375,000

Or Click Here to go view all listings at once.

August Homes – Under Contract

– Details: 130 RIVER LANDING DR, #7209, CHARLESTON, SC – $88,100
– Details: 130 RIVER LANDING DR, #7114, CHARLESTON, SC – $91,900
– Details: 1133 THROWER ST, CHARLESTON, SC – $172,235
– Details: 500 BUCKSLEY LN, #108, CHARLESTON, SC – $207,900
– Details: 200 RIVER LANDING DR, #F310, CHARLESTON, SC – $275,900
– Details: 2378 DANIEL ISLAND DR, CHARLESTON, SC – $425,000
– Details: 917 ETIWAN PARK ST, CHARLESTON, SC – $438,900
– Details: 225 SEVEN FARMS DR, #304, CHARLESTON, SC – $449,000
– Details: 225 SEVEN FARMS DR, #305, CHARLESTON, SC – $499,000
– Details: 927 ETIWAN PARK ST, CHARLESTON, SC – $499,000
– Details: 1260 BLAKEWAY ST, CHARLESTON, SC – $599,900
– Details: 21 IRON BOTTOM LN, CHARLESTON, SC – $899,000
– Details: 2453 DANIEL ISLAND DR, CHARLESTON, SC – $997,500
– Details: 821 CENTER PARK ST, CHARLESTON, SC – $225,000
– Details: 6060 GRAND COUNCIL ST, CHARLESTON, SC – $349,000
– Details: 225 SEVEN FARMS DR, #303, CHARLESTON, SC – $449,000
– Details: 1536 MITCHELL WHARF ST, CHARLESTON, SC – $475,000
– Details: 224 BERESFORD CREEK ST, CHARLESTON, SC – $760,000
– Details: 6035 GRAND COUNCIL ST, CHARLESTON, SC – $304,900
– Details: 2037 PURCELL LN, CHARLESTON, SC – $975,000

Or Click Here to go view all listings at once.

August Homes – New Listings

– Details: 130 RIVER LANDING DR, #9116, CHARLESTON, SC – $95,000
– Details: 600 BUCKSLEY LN, #303, CHARLESTON, SC – $120,000
– Details: 130 RIVER LANDING DR, #5108, CHARLESTON, SC – $229,000
– Details: 1225 BLAKEWAY ST, #1308, CHARLESTON, SC – $239,000
– Details: 200 RIVER LANDING DR, #H208, CHARLESTON, SC – $244,900
– Details: 1919 PIERCE ST, CHARLESTON, SC – $249,900
– Details: 130 RIVER LANDING DR, #8111, CHARLESTON, SC – $257,900
– Details: 130 RIVER LANDING DR, #5201, CHARLESTON, SC – $339,000
– Details: 225 SEVEN FARMS DR, #301, CHARLESTON, SC – $349,000
– Details: 123 CARTRIGHT ST, CHARLESTON, SC – $349,000
– Details: 200 RIVER LANDING DR, #D201, CHARLESTON, SC – $365,000
– Details: 225 SEVEN FARMS DR, #302, CHARLESTON, SC – $369,000
– Details: 225 SEVEN FARMS DR, #307, CHARLESTON, SC – $399,000
– Details: 225 SEVEN FARMS DR, #308, CHARLESTON, SC – $399,000
– Details: 2217 DANIEL ISLAND DR, CHARLESTON, SC – $450,000
– Details: 158 BRADY ST, CHARLESTON, SC – $457,000
– Details: 225 SEVEN FARMS DR, #306, CHARLESTON, SC – $499,000
– Details: 283 BERESFORD CREEK ST, CHARLESTON, SC – $525,000
– Details: 1718 PROVIDENCE ST, CHARLESTON, SC – $569,900
– Details: 1710 PROVIDENCE ST, CHARLESTON, SC – $609,900
– Details: 1706 PROVIDENCE ST, CHARLESTON, SC – $649,900
– Details: 502 INDIAN CORN ST, CHARLESTON, SC – $660,000
– Details: 1702 PROVIDENCE ST, CHARLESTON, SC – $679,900
– Details: 90 DALTON ST, CHARLESTON, SC – $749,900
– Details: 11 DALTON ST, CHARLESTON, SC – $1,350,000
– Details: 520 ISLAND PARK DR, CHARLESTON, SC – $1,450,000
– Details: 607 ISLAND PARK DR, CHARLESTON, SC – $1,475,000
– Details: 308 HIDDEN BOTTOM LN, CHARLESTON, SC – $1,899,000
– Details: 41 WATROO POINT, CHARLESTON, SC – $2,250,000
– Details: 2378 DANIEL ISLAND DR, CHARLESTON, SC – $425,000
– Details: 225 SEVEN FARMS DR, #304, CHARLESTON, SC – $449,000
– Details: 225 SEVEN FARMS DR, #305, CHARLESTON, SC – $499,000
– Details: 1260 BLAKEWAY ST, CHARLESTON, SC – $599,900
– Details: 225 SEVEN FARMS DR, #303, CHARLESTON, SC – $449,000
– Details: 1536 MITCHELL WHARF ST, CHARLESTON, SC – $475,000

Or Click Here to go view all listings at once.

August Homes – Price Changes
– Details: 400 BUCKSLEY LN, #104, CHARLESTON, SC – $106,999
– Details: 400 BUCKSLEY LN, #308, CHARLESTON, SC – $163,000
– Details: 1225 BLAKEWAY ST, #504, CHARLESTON, SC – $186,500
– Details: 130 RIVER LANDING DR, #8209, CHARLESTON, SC – $204,900
– Details: 200 RIVER LANDING DR, #A102, CHARLESTON, SC – $209,000
– Details: 185 CARTRIGHT ST, CHARLESTON, SC – $311,500
– Details: 116 BURNHAM ST, CHARLESTON, SC – $339,900
– Details: 138 ETIWAN PARK ST, CHARLESTON, SC – $353,900
– Details: 200 RIVER LANDING DR, #B401, CHARLESTON, SC – $360,000
– Details: 185 BRADY ST, CHARLESTON, SC – $369,900
– Details: 1897 PIERCE ST, CHARLESTON, SC – $389,900
– Details: 132 BRADY ST, CHARLESTON, SC – $390,000
– Details: 1002 COCHRAN ST, CHARLESTON, SC – $499,800
– Details: 2042 PIERCE ST, CHARLESTON, SC – $529,500
– Details: 3035 BALTIMORE ST, CHARLESTON, SC – $584,900
– Details: 1407 WANDO VIEW ST, CHARLESTON, SC – $649,900
– Details: 324 GINNED COTTON ST, CHARLESTON, SC – $795,000
– Details: 86 IRON BOTTOM LN, CHARLESTON, SC – $895,000
– Details: 309 GUNBOAT LN, CHARLESTON, SC – $895,000
– Details: 540 PARK CROSSING ST, CHARLESTON, SC – $899,900
– Details: 848 DUNHAM ST, CHARLESTON, SC – $1,125,000
– Details: 41 IRON BOTTOM LN, CHARLESTON, SC – $1,295,000
– Details: 520 ISLAND PARK DR, CHARLESTON, SC – $1,450,000
– Details: 2 LAFAR ST, CHARLESTON, SC – $1,699,000
– Details: 355 RHODEN ISLAND DR, CHARLESTON, SC – $3,590,000
– Details: 927 ETIWAN PARK ST, CHARLESTON, SC – $499,000

Or Click Here to go view all listings at once.

August Homes – Disclosed Short Sales & Lender Owned

– Details: 130 RIVER LANDING DR, #9116, CHARLESTON, SC – $95,000
– Details: 130 RIVER LANDING DR, #9112, CHARLESTON, SC – $149,000
– Details: 200 RIVER LANDING DR, #F203, CHARLESTON, SC – $220,000
– Details: 200 RIVER LANDING DR, #H208, CHARLESTON, SC – $244,900
– Details: 185 CARTRIGHT ST, CHARLESTON, SC – $311,500
– Details: 406 MILNER CT, CHARLESTON, SC – $327,000
– Details: 200 RIVER LANDING DR, #B105, CHARLESTON, SC – $340,000
– Details: 1897 PIERCE ST, CHARLESTON, SC – $389,900
– Details: 132 BRADY ST, CHARLESTON, SC – $390,000
– Details: 144 FAIRBANKS OAK, #6 3B, CHARLESTON, SC – $417,000
– Details: 1002 COCHRAN ST, CHARLESTON, SC – $499,800
– Details: 1700 DOLDRIDGE ST, CHARLESTON, SC – $520,000
– Details: 283 BERESFORD CREEK ST, CHARLESTON, SC – $525,000
– Details: 1240 BLAKEWAY ST, CHARLESTON, SC – $539,000
– Details: 1248 BLAKEWAY ST, CHARLESTON, SC – $539,000
– Details: 1127 OAK OVERHANG ST, CHARLESTON, SC – $659,000
– Details: 2413 DANIEL ISLAND DR, CHARLESTON, SC – $685,000
– Details: 853 DUNHAM ST, CHARLESTON, SC – $699,000
– Details: 110 BELLINGER ST, CHARLESTON, SC – $699,000
– Details: 7848 FARR ST, CHARLESTON, SC – $699,000
– Details: 841 DUNHAM ST, CHARLESTON, SC – $749,000
– Details: 42 GROVE LN, CHARLESTON, SC – $749,000
– Details: 90 DALTON ST, CHARLESTON, SC – $749,900
– Details: 851 DUNHAM ST, CHARLESTON, SC – $850,000
– Details: 525 PARK CROSSING ST, CHARLESTON, SC – $885,000
– Details: 86 IRON BOTTOM LN, CHARLESTON, SC – $895,000
– Details: 47 DELAHOW ST, CHARLESTON, SC – $942,500
– Details: 521 PARK CROSSING ST, CHARLESTON, SC – $945,000
– Details: 217 KING GEORGE ST, CHARLESTON, SC – $995,000
– Details: 290 FURMAN FARM PL, CHARLESTON, SC – $1,195,000
– Details: 112 DALTON ST, CHARLESTON, SC – $1,295,000
– Details: 611 ISLAND PARK DR, CHARLESTON, SC – $1,295,000

Or Click Here to go view all listings at once.

August Homesites – Sold/Closed

– Details: 1687 PIERCE ST, CHARLESTON, SC – $160,000
– Details: 1544 WANDO LANDING ST, CHARLESTON, SC – $170,000
– Details: 544 PARK CROSSING ST, CHARLESTON, SC – $225,000

Or Click Here to go view all listings at once.

August Homesites – Under Contract

– Details: 926 COCHRAN ST, CHARLESTON, SC – $159,000
– Details: 1331 SMYTHE ST, CHARLESTON, SC – $189,900
– Details: 1315 SMYTHE ST, CHARLESTON, SC – $199,900
– Details: 254 FURMAN FARM PL, CHARLESTON, SC – $299,000
– Details: 1538 WANDO VIEW ST, CHARLESTON, SC – $1,295,000
– Details: 1548 WANDO VIEW ST, CHARLESTON, SC – $240,000
– Details: 1516 WANDO VIEW ST, CHARLESTON, SC – $750,000

Or Click Here to go view all listings at once.

August Homesites – New Listings

– Details: 43 WOODFORD ST, CHARLESTON, SC – $225,000
– Details: 244 FURMAN FARM PL, CHARLESTON, SC – $289,000
– Details: 336 RHODEN ISLAND DR, CHARLESTON, SC – $399,000
– Details: 16 DALTON ST, CHARLESTON, SC – $175,000
– Details: 1331 SMYTHE ST, CHARLESTON, SC – $189,900
– Details: 1315 SMYTHE ST, CHARLESTON, SC – $199,900

Or Click Here to go view all listings at once.

August Homesites – Price Changes

– Details: 1695 PIERCE ST, CHARLESTON, SC – $165,000
– Details: 74 IRON BOTTOM LN, CHARLESTON, SC – $249,000
– Details: 1422 SMYTHE ST, CHARLESTON, SC – $745,000
– Details: 1414 SMYTHE ST, CHARLESTON, SC – $999,000
– Details: 2 HAZELHURST ST, CHARLESTON, SC – $1,490,000
– Details: 254 FURMAN FARM PL, CHARLESTON, SC – $299,000

Or Click Here to go view all listings at once.

August Homesites – Disclosed Short Sales & Lender Owned

– Details: 1778 PIERCE ST, CHARLESTON, SC – $139,000
– Details: 1246 SMYTHE ST, CHARLESTON, SC – $139,000
– Details: 135 KING GEORGE ST, CHARLESTON, SC – $150,000
– Details: 274 FURMAN FARM PL, CHARLESTON, SC – $174,900
– Details: 122 IRON BOTTOM LN, CHARLESTON, SC – $174,900
– Details: 74 IRON BOTTOM LN, CHARLESTON, SC – $249,000
– Details: 244 FURMAN FARM PL, CHARLESTON, SC – $289,000
– Details: 409 CREEK LANDING ST, CHARLESTON, SC – $299,000
– Details: 258 FURMAN FARM PL, CHARLESTON, SC – $317,500
– Details: 565 PARK CROSSING DR, CHARLESTON, SC – $375,000
– Details: 481 CREEK LANDING ST, CHARLESTON, SC – $975,000

Or Click Here to go view all listings at once.

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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.