Area 41 - Mt. Pleasant North of the Isle of Palms Connector
Area 41 is identified as the area north of the Isle of Palms Connector in Mt. Pleasant, as per the Charleston Multiple Listing Service. It is nice to see that the single-family detached closed homes sales increased by 12.8% from 2009 to 2010. The closed sales with townhouse-condos also saw an increase of 2.5%! Not only did the closed sales in both categories see an increase, they both saw a decrease in days on the market!
Mt. Pleasant, SC Area 41 Market Update
Area 42 - Mt. Pleasant South of the Isle of Palms Connector.
There was certainly a positive change for closed sales in area 42, Mt. Pleasant, SC from 2009 to 2010 of 25.2%. The number of closed single-family detached in 2009 was 584 homes to 731 closed sales in 2010. The days on the market decreased by approx. 25% with 108 days in 2010 compared to 145 days in 2009. The number of listings taken in 2010 is down by 7.5% which is certainly a nice number to watch!
Mt. Pleasant, SC Area 42 Market Update
Sullivan's Island had 22 closed sales in 2009 and 2010. The median sales price had a nice increase of 47% and the average sales price saw an increase of 5.5%. It is certainly moving in the right direction. The days on the market moved down by 16.2% from 201 days in 2009 to 169 days in 2010. Sullivan's Island at the end of 2010 had approx. 47 single-family homes on the market. Thinking about getting on the island, good time while interest rates are low.
Data compiled by the Charleston Multiple Listing Service deemed reliable but not guaranteed.
Daniel Island
The market on Daniel Island improved slightly. From November 2008 to February 2009 28 single family homes sold on Daniel Island. From November 2009 to February 2010, 31 homes sold. In February 2009, 137 homes were on the market, and in February 2010, 131 homes were on the market. Sales are up slightly and inventory is down slightly. For homebuyers, affordability is up as the Daniel Island homes sold thus far in 2010 have gone for under $200 per square foot, down from about $220/square foot a year ago.
Click for a Graph of Daniel Island 1st Qtr 2010 Home Sales vs 2009
Positive Trend in Mt. Pleasant, SC!
One real estate market indicator we watch is the inventory of homes for sale. Data from the Charleston Trident Association of Realtors Multiple Listing Service shows that the inventory of homes for sale in Mount Pleasant is decreasing, a very positive trend for our market.
The inventory of single family homes for sale in Mount Pleasant was 916 as of February 1st, 2010 and has remained below 1000 homes for the past three months.
The number of homes on the market in Mt Pleasant had not been under 1000 since June 2006.
Month Number on Market
November 2009 997 homes
December 2009 957 homes
January 2010 916 homes
Peak inventories have also decreased since the July 2007 peak of 1330 homes.
Month/Year Peak Inventory
Oct. 2006 1147 homes
July 2007 1330 homes
July 2008 1224 homes
May 2009 1174 homes
Similarly in the Charleston Tri-County Area (Berkeley, Charleston, and Dorchester Counties), the inventory of available homes for sale has fallen to 6227 single family homes from a peak of 7430 homes in August 2008. The last time the inventory of single family homes was under 6300 was in March 2007.
As home buyers take advantage of historically low interest rates and home buyer tax credits, we expect inventories to decline further, continuing this positive shift in our market.
Single family home sales on Daniel Island have decreased similar to the rest of the real estate market. Daniel Island homes maintained their value around $260/square foot through 2007 then saw a decline in 2008 and 2009. The average sales price and median sales prices did not decline as much as homes in some other areas of Charleston. There are some good buys on Daniel Island for buyers ready to make a move. The historical peak number of homes for sale on Daniel Island was in May 2007 when 387 homes were on the market. The number of homes for sale since May 2007 trended downward to 267 homes for sale in October 2009. This trend is good...Read More
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"I know how much living in this beautiful area means to my family. And so helping my clients make the most of their Charleston real estate opportunities here is especially gratifying to me." Ed
Your best interest is our #1 priority. My team and I put our clients first by delivering the highest quality, client-based services available, including great communications, expert negotiations and outstanding follow-up. When you want it done right, you need to call The Ed Hunnicutt Team of Carolina One Realty-Mount Pleasant, SC. Ed has over 18 years of Charleston real estate sales and service experience, and he and his team are thoroughly prepared to give you what you expect and deserve-exceptional care and superior service.
From the outset, Ed treats every transaction he handles as a one-of-a-kind project calling for a customized approach. Making communication a top priority, he sits down with each client to assess his or her unique situation and needs, then formulates a plan of action to ensure that the purchase or sale comes to a successful conclusion. In person, by telephone, fax or e-mail, he delivers frequent updates, keeping clients fully informed and providing data for sound decisions. Sellers count on his sophisticated marketing strategies and strong negotiating skills. Buyers trust Ed's aptitude for spotting outstanding value in older homes as well as prime prospects among newer properties. And people relocating to this section of the Carolina coast tap into his wide-ranging knowledge of all the area has to offer.
So when you're serious about selling or buying a home or land in Mt. Pleasant or the surrounding communities, go with the Realtor® whose boundless enthusiasm for and commitment to your transaction will ensure the best possible outcome. Ed Hunnicutt is always Bringing You the Best in real estate service. Why hesitate? Contact him now to arrange a complimentary consultation.
"We would have never survived the house hunting process without your help. Purchasing a home out of state requires an agent with your expertise. We appreciate your follow through, long distance calls, constant updates and our never having to ask twice for anything. We appreciate that you were there to handle all of the details. You are a pleasure to be with and have a calming influence during challenging situations."
"Melissa and I want to thank you so much for helping us with our move. We felt that you were always timely in your follow up with us during the listing period to give us feedback and keep us up to date. You were available to answer our calls at any time. When we did sell our home and had to move within 10 days, you were very helpful in keeping a stressful situation under control. Thank you again for your hard work and the peace of mind we received during this process. You are a true professional!" Mount Pleasant allows easy access to the barrier island beaches of Sullivan's Island, Isle of Palms as well as historic downtown Charleston. A 943-acre park with a variety of recreational opportunities are available including Splash Island water park, crabbing and fishing along tidal creeks and lagoons, biking, boating and picnicing. There is plenty of shopping locally. Choose from specialty boutiques and antique stores in Old Mount Pleasant, or trend setting national retailers at Towne Centre, the area's premier 500,000 square foot shopping destination. Whatever your interest, Mount Pleasant, SC is a great place to call home. "We are both very impressed by your professionalism, ethical conduct, and knowledge of the Charleston area real estate market. We found you to be very accessible and easy to deal with, both while we were still in Mt. Pleasant and while we were trying to sell our house in Illinois. Your extra efforts to ensure that the house was well kept in our absence are greatly appreciated. We would be delighted to recommend you to our friends in the Charleston area."
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