Charleston Real Estate Stats: August 2010
I hope everyone is doing well as we start to head out of summer! A couple of things this month:
1. If you have recently refinanced your primary residence (rates are incredible) you must remember to re-apply for the 4% owner occupied tax rate. If you do not do this, you will automatically be reassessed [...]
MLS Statistics for January – June 2009 vs. 2010
Stats through June 2010
The above is a link (pdf) to a chart of the MLS stats comparing Jan-June of 2009 versus 2010. You will see that the number of transactions is up a little over 25% and the price is relatively the same. However, at this time in 2009, we still had 5 [...]
List Price – Sale Price Difference for Charleston Area
Despite higher inventory and fewer sales, we are still not seeing too drastic of a departure from list price to sales price. Based on sales since June 1, 2010, here are some average departures from list price, by area:
Mt. Pleasant, 6%
Wild Dunes, 10%
Downtown, 6%
Sullivan’s Island, 8%
Isle of Palms, 10%
West Ashley, 4%
James island, 13%
Folly Beach, [...]
Charleston MLS Statistics for May 2009 vs. May 2010
Below, you’ll find the monthly statistics updates for the MLS. Happy Fourth of July!
MLS areas that have enough sales to be relevant have green and red notations for statistics that are significantly different than the entire MLS. There are month versus month statistics near the bottom of the chart, and there are also [...]
Charleston Real Estate Market Snapshot for June 2010
Inventory has increased 10% in a month.
The number of properties to go under contract weekly has declined each week since a high of 369 at the end of April (just before tax credits expired).
Sales have not dropped as much Downtown, East Cooper, or James Island as they have in North Charleston.
Isle of Palms sales are [...]
Charleston Year to Date Sales Statistics by MLS Area
Below (after the break), you’ll find links to the year to date (through the end of April) sales statistics broken down by MLS area. At the bottom of the chart are also month versus month stats as well as a rolling 6 month and 12 month update. Numbers that are significantly different than the [...]
RisMedia Reports:
Pending home sales increased again in March 2010, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index is a forward-looking indicator based on contracts signed in March, rose 5.3%.
Stats from the Realtors Confidence Index
The most recent Realtors Confidence Index shows that 39 percent of recent buyers purchased a home with an FHA-backed loan. In addition, real estate agents participating in the poll report that the number of first-time home buyers continued to increase to 51 percent. The results also indicate that distressed properties rose to 33 percent of [...]
Charleston MLS May Update
April was the best written contract month in the MLS since 2005.
Inventory is climbing rapidly, 10,059 active listings in January, 11,357 today; all areas impacted.
Most active subdivisions in MLS: Westcott (51), Park West (43), Dunes West (37), Crowfield (23), Park Circle (21), Tanner (20), Grand Oaks (19), Legend Oaks (16).
Absorption rates for all of MLS: [...]
Updated Charleston Real Estate Market Stats (Jan – Mar)
Below, you’ll find updated stats (pdf), broken down by area. This month, we are sending stats for January-March of 2009 vs. January-March of 2010.
jan-mar09vs10pdf
Buyer activity is not shown on this chart, but I can tell you that we have had over 200 properties go under contract for 5 weeks in a row. That [...]
