Year to Date Interval Ownership Sales in the Charleston SC SMA are off by as much as 50%. Areas included in these statistics are: Isle of Palms, Dewees Island, Kiawah / Seabrook Islands and Edisto Beach.
Properties sold thru the CTAR-MLS in 2008 total 11 units with Average Days on Market of 234. This is more than double the DOM in 2007.
Percent of Sales Price to List Price for 2008 is 96.30% as compared to the %SP/LP in 2007 of 98.12%.
Bucking the trend is an increase of $15,000.00 in the Median Sales Price of the 2008 units sold.
Currently there are 102 units listed for sale with an Average List Price of $255,678.00 and a Median List Price of $168,000.00.
One might conclude that the overall economy is to blame, but the environmental and economic issues associated with the beach erosion effecting several properties located in the Wild Dunes is a considerable deterrent to sales in that market area. Of the 102 active Interval listing 46 or 45% are located in the Wild Dunes.
I grew up in this community, and I am very fond of it. I enjoy working with families relocating to the our area or just relocating across town. If you want an agent you can trust - call me today!
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