Updated Statistics for Listings in Charleston, Mt. Pleasant, and James Island
Posted on | February 22, 2010 | No Comments
Area 21 Stats – Area 41 Stats – Area 42 Stats – Area 51-52 Stats
These links (pdf’s) are for some updated stats for single family homes (not condos or townhouses) for the individual neighborhoods in Mt. Pleasant, Downtown, and James Island, divided into numbered areas. These numbers refer to MLS geographic areas. They are:
Area 41- Mt. Pleasant north of Hwy. 41
Area 42- Mt. Pleasant south of Hwy. 41
Area 51- Downtown south of the crosstown
Area 52- Downtown north of the crosstown
Area 21- James Island
For each subdivision, there are 4 median numbers: sqft, list price, $/sqft, and year built. These numbers were collected in mid to late Jan 2010. We feel that median numbers are more accurate than average numbers, because they are not thrown too far off by the few incredibly high or incredibly low sales. These extremes can often skew an average and not give a true picture of the market. The listings used in the collection of this data were all the current actives, contingents (under contract with contingencies), pendings (under contract with no contingencies), and solds since Sept 1, 2009. If the sqft number has an asterisk by it, this means that there were less than 5 data points for that neighborhood.
At the top of each chart are statistics for all of the active listings(all neighborhoods combined), for that particular MLS area, on 2/2/10. This includes the number of active single family detached listings as well as the median numbers for that MLS area.
Finally, a list price number of 577 actually means $577,000.
We can run these statistics for any area you would like to see; just let us know!
****Note on Area 51 Stats, subdivision Midtown: We have all of the homes (except for one resale) listed in the Midtown development. We have done major price reductions since this data was collected. New median price at Midtown is 579K, and median $/sf is $279. We can provide more details on these listings, which are now incredibly priced!
Another interesting point: There were 64 active listings that had a price reduction of 9% or more last week. Many of these are now great deals! We have the list of those homes, if you would like to see them.
We want to thank everyone for their continued support; 2010 is off to a great start! Please let us know if there is anything we can do to help you, your family, or your friends.
Area 21 Stats – Area 41 Stats – Area 42 Stats – Area 51-52 Stats
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