Mount Pleasant, South Carolina
Charleston, SC - Big City amenities with a small City feel. Life is laid back here. We discuss a little bit of everything - here you'll find some of our notes, musings, ideas, and recommendations by my partner Thea Riley and myself (Mike Terry) with particular emphasis on real estate and projects in the Charleston SC Metro Area. COMMENTS ARE WELCOME and ENCOURAGED. Please notice the Post A Comment link at the bottom of each posting.
Site Feed
RSS Feed
|
Mar. 19, 2007
Summerville, SC Local Market Update
Two words - GROWTH EXPLOSION! Summerville, SC is one of the fastest growing cities in the United States of America. Dorchester II school district is one of the best in the state. High school sports rule here Summerville High school has won many, many state titles in multi-sports. The Summerville High Football team is coached by the legendary "John McKissick" who in 2003 became the first football coach in America to win 500 games at any level(and he's still winning!). Summerville, SC is a very lovely town with lots of big southern oak trees with moss hanging down from the branches. There's plenty to do and see and within 30 minutes to downtown Charleston, SC.
Summerville, SC continues on a rapid growth rate. New neighborhood developments are springing up on all sides of town. 72 Houses sold in Jan. 2007 for 98.05% of list price with an average sales price of $204,875 with the average days on the market at 82 days.
Mount Pleasant, SC Housing Trends
| Month |
Year |
Monthly Sales |
Avg ListPrice |
Avg Sale Price |
% Diff Sell/list |
Avg DOM |
Curr Inventory |
Months Inventory |
| March |
2006 |
138 |
$204,675 |
$202,472 |
98.92% |
53 |
423 |
3.07 |
| April |
2006 |
99 |
$208,794 |
$206,906 |
99.10% |
37 |
479 |
4.84 |
| May |
2006 |
131 |
$198,466 |
$196,227 |
98.87% |
49 |
423 |
3.23 |
| June |
2006 |
173 |
$224,205 |
$220,569 |
98.38% |
42 |
467 |
2.7 |
| July |
2006 |
124 |
$200,364 |
$198,802 |
99.22% |
40 |
494 |
3.98 |
| August |
2006 |
109 |
$204,215 |
$202,608 |
99.21% |
50 |
571 |
5.24 |
| September |
2006 |
121 |
$211,391 |
$207,931 |
98.36% |
49 |
588 |
4.86 |
| October |
2006 |
122 |
$221,849 |
$218,805 |
98.63% |
61 |
581 |
4.76 |
| November |
2006 |
109 |
$221,229 |
$219,045 |
99.01% |
58 |
579 |
5.31 |
| December |
2006 |
95 |
$207,567 |
$204,428 |
98.49% |
72 |
571 |
6.01 |
| |
| January |
2007 |
78 |
$218,904 |
$213,874 |
97.70% |
78 |
560 |
7.18 |
| February |
2007 |
106 |
$212,626 |
$208,110 |
97.88% |
91 |
556 |
5.25 |
| Current |
2007 |
29 |
$202,087 |
$200,068 |
99.00% |
89 |
610 |
21.03 |
Mar. 19, 2007
Mount Pleasant, SC Local Market Update
Mount Pleasant, SC is close to everything. Our beaches (Isle of Palms & Sullivan's Island) are within a couple minutes, downtown Charleston is just over the new Cooper River bridge, shopping is convenient & plentiful, schools are some of the best in the area. The town recreation department has been voted the best in the State for many years running. There's always something to do around the area. The people are friendly and love the outdoors. There's plenty of top notch golf courses, and tennis courts. Boating & Fishing is also big in the area. When it comes to QUALITY of life - Mount Pleasant, SC "HAS IT ALL".
The number of Homes in the Mount Pleasant, SC Real Estate market has continued to increased this year. Currently, homes are sitting on the market a little longer with prices equal to, to slightly more than last year. In my opinion by the end of spring to early summer this year (2007) - my forecast is for the prices and sales to rise slightly through the summer and steady in the fall before declining slightly around the holidays and end of the year. This year (2007) will be a good year for real estate in the area somewhere between the record year of 2005 and the third best year on record of 2006.
(100) Houses sold in Feb. 2007 for 95.42% of list price with an average sales price of $452,138 with the Average days on the Market at 130 days
Mount Pleasant's convenience, stability, overall charm and beauty help lead the way in attracting new home owners and business' to the area from all over the world. Mount Pleasant, SC is truly one of the premiere places to live in the USA.
Mount Pleasant, SC Housing Trends
| Month |
Year |
Monthly Sales |
Avg ListPrice |
Avg Sale Price |
% Diff Sell/list |
Avg DOM |
Curr Inventory |
Months Inventory |
| March |
2006 |
171 |
$419,477 |
$411,340 |
98.06% |
66 |
1218 |
7.12 |
| April |
2006 |
157 |
$411,040 |
$402,168 |
97.84% |
70 |
1275 |
8.12 |
| May |
2006 |
217 |
$407,788 |
$399,105 |
97.87% |
62 |
1392 |
6.41 |
| June |
2006 |
178 |
$418,432 |
$408,487 |
97.62% |
65 |
1434 |
8.06 |
| July |
2006 |
225 |
$407,385 |
$397,516 |
97.58% |
59 |
1525 |
6.78 |
| August |
2006 |
187 |
$411,445 |
$399,909 |
97.20% |
71 |
1519 |
8.12 |
| September |
2006 |
192 |
$407,432 |
$395,648 |
97.11% |
75 |
1537 |
8.01 |
| October |
2006 |
164 |
$461,447 |
$439,516 |
95.25% |
97 |
1574 |
9.6 |
| November |
2006 |
127 |
$414,923 |
$397,004 |
95.68% |
98 |
1522 |
11.98 |
| December |
2006 |
149 |
$372,146 |
$354,561 |
95.27% |
132 |
1402 |
9.41 |
| |
| January |
2007 |
112 |
$438,453 |
$422,157 |
96.28% |
88 |
1337 |
11.94 |
| February |
2007 |
100 |
$473,820 |
$452,138 |
95.42% |
129 |
1389 |
13.89 |
| Current |
2007 |
47 |
$655,476 |
$633,283 |
96.61% |
88 |
1560 |
33.19 |
Mar. 19, 2007
Moncks Corner, SC Local Market Update
Moncks Corner, SC - IS small town America. The population in July 2002: was 6,057 but is quickly growing. The are many new neighnorhoods (Moss Grove Plantation, Oak Hill, Foxbank Plantation, Spring Grove Plantation, Stoney Creek, Oakley Pointe, Cypress Ridge, Inglewood, and Stoney Creek to name a few) springing up all over the outskrits of town. Downtown Charleston is about a 30 minute drive. Summerville is about 15 minutes away. Lake Moultrie is located here, as well as the tailrace canal which leads to the Cooper river and out to the Charleston Habour. You can take a boat from Charleston, SC through Moncks Corner, SC all the way to Columbia, SC in the middle of the state. Needless to say boating and fishing are big here. Fishing in the area is some of the best in the country have yielded some world records.
Moncks Corner, SC continues on a rapid growth rate. Houses sold in Feb. 2007 for 98.93% of list price with an average sales price of $196,660 with the average days on the market at 137 days.
Life here is laid back and full of southern charm and hospitality. Everyone knows their neighbors and their neighbors family. High school football is big in town. Moncks Corner, SC is poised for big growth in the future with its short distance to the Charleston, SC Metro area, laid back life style and lower than average prices for the area. There are more than 8 new neighborhood developments in Phase I (or soon to be) construction in the area.
Moncks Corner, SC Housing Trends
| Month |
Year |
Monthly Sales |
Avg ListPrice |
Avg Sale Price |
% Diff Sell/list |
Avg DOM |
Curr Inventory |
Months Inventory |
| March |
2006 |
20 |
$160,896 |
$159,050 |
98.85% |
52 |
65 |
3.25 |
| April |
2006 |
9 |
$170,696 |
$168,485 |
98.70% |
64 |
56 |
6.22 |
| May |
2006 |
18 |
$190,423 |
$187,411 |
98.42% |
70 |
50 |
2.78 |
| June |
2006 |
16 |
$177,413 |
$172,980 |
97.50% |
69 |
57 |
3.56 |
| July |
2006 |
5 |
$192,998 |
$190,478 |
98.69% |
56 |
90 |
18 |
| August |
2006 |
11 |
$155,458 |
$155,115 |
99.78% |
66 |
94 |
8.55 |
| September |
2006 |
16 |
$199,350 |
$201,136 |
100.90% |
26 |
91 |
5.69 |
| October |
2006 |
14 |
$186,881 |
$184,064 |
98.49% |
69 |
90 |
6.43 |
| November |
2006 |
9 |
$164,641 |
$161,633 |
98.17% |
49 |
88 |
9.78 |
| December |
2006 |
12 |
$183,314 |
$175,569 |
95.78% |
88 |
80 |
6.67 |
| |
| January |
2007 |
7 |
$174,886 |
$168,629 |
96.42% |
75 |
75 |
10.71 |
| February |
2007 |
10 |
$198,790 |
$196,660 |
98.93% |
0 |
76 |
7.6 |
| Current |
2007 |
3 |
$166,357 |
$164,670 |
98.99% |
188 |
93 |
31 |
Mar. 19, 2007
Isle of Palms, SC - Local Market Update - March 19, 2007
Isle of Palms, SC 29451 - A Mix of Family homes, 2nd homes, rental homes and vacation homes nestled in Palm trees and sand dunes all come together here by the Atlantic Ocean. The Isle of Palms has one of the best beaches along the Atlantic Coast. Once tourist come to the Island they tend to come back year after year (most eventually buy an island home here). The Isle of Palms area has much to offer - a short drive to Mount Pleasant (5-minutes), and about 20 minutes to downtown Charleston, SC. The average home price is above 1-million dollars and rising.
The housing market on the Isle of Palms remains strong. Prices have continued to rise even through homes are staying on the market a little longer. Sellers over the last year have on average been willing to negoitate a little but are still realizing a heathly gain on their investment. 1031 Tax exchanges are a popular way to purchase homes on the Isle of Palms. (9) Houses sold in Feb. 2007 for 94.87% of list price with an average sales price of $709,433 with the Average days on the Market at 140 days.
Isle of Palms, SC Housing Trends
| Month |
Year |
Monthly Sales |
Avg ListPrice |
Avg Sale Price |
% Diff Sell/list |
Avg DOM |
Curr Inventory |
Months Inventory |
| March |
2006 |
34 |
$1,196,491 |
$1,156,821 |
96.68% |
94 |
223 |
6.56 |
| April |
2006 |
36 |
$1,084,519 |
$1,055,615 |
97.33% |
108 |
262 |
7.28 |
| May |
2006 |
35 |
$980,766 |
$938,903 |
95.73% |
47 |
303 |
8.66 |
| June |
2006 |
30 |
$1,151,843 |
$1,087,058 |
94.38% |
97 |
343 |
11.43 |
| July |
2006 |
17 |
$817,053 |
$774,126 |
94.75% |
100 |
389 |
22.88 |
| August |
2006 |
12 |
$1,089,033 |
$1,030,200 |
94.60% |
94 |
411 |
34.25 |
| September |
2006 |
17 |
$1,158,288 |
$1,078,700 |
93.13% |
130 |
413 |
24.29 |
| October |
2006 |
13 |
$1,631,600 |
$1,536,069 |
94.14% |
86 |
410 |
31.54 |
| November |
2006 |
8 |
$974,662 |
$948,438 |
97.31% |
138 |
408 |
51 |
| December |
2006 |
10 |
$1,462,480 |
$1,311,190 |
89.66% |
186 |
398 |
39.8 |
| |
| January |
2007 |
19 |
$1,237,274 |
$1,127,068 |
91.09% |
162 |
386 |
20.32 |
| February |
2007 |
9 |
$747,822 |
$709,433 |
94.87% |
150 |
409 |
45.44 |
| Current |
2007 |
7 |
$1,145,986 |
$1,072,429 |
93.58% |
121 |
442 |
63.14 |
Mar. 19, 2007
Huger, SC - Local Market Update - March 19, 2007
Only a few minutes to Mount Pleasant, SC and around ~15 minutes to the beaches of the Isle of Palms, SC. This rural community is poised for big growth in the future with its short distance to the Charleston, SC Metro Area and lower than average prices for the area. If you are into Horses this is the PLACE for you with several Horse Farms, Stables, and riding trails in the area. Take a look at M&M Farms that we currently have listed for sale http://www.RealEstateCharlestonArea.com/MMFARMS. The Francis Marion National Forest is at the very heart of this community - Lots of Nature trails, Hiking, Camping, Fishing, Horseback Riding / Trails.
Huger, SC 29450 - Houses sold in the last 12 months for 92.10% of list price with an average sales price of $190.682 with an average of 52 days on the market. This area is in the beginning stages of growth explosion. There are plans to replace the bridge over the Wando River on Hwy-41. When this happens it should open the area to much more development.
Huger, SC Housing Trends
| Month |
Year |
Monthly Sales |
Avg ListPrice |
Avg Sale Price |
% Diff Sell/list |
Avg DOM |
Curr Inventory |
Months Inventory |
| March |
2006 |
N/A |
$0 |
$0 |
0% |
0 |
16 |
0 |
| April |
2006 |
2 |
$227,450 |
$192,500 |
84.63% |
14 |
10 |
5 |
| May |
2006 |
N/A |
$0 |
$0 |
0% |
0 |
9 |
0 |
| June |
2006 |
2 |
$277,500 |
$266,500 |
96.04% |
51 |
9 |
4.5 |
| July |
2006 |
1 |
$129,000 |
$95,000 |
73.64% |
90 |
10 |
10 |
| August |
2006 |
1 |
$259,000 |
$240,000 |
92.66% |
174 |
11 |
11 |
| September |
2006 |
N/A |
$0 |
$0 |
0% |
0 |
11 |
0 |
| October |
2006 |
3 |
$135,167 |
$132,333 |
97.90% |
37 |
11 |
3.67 |
| November |
2006 |
N/A |
$0 |
$0 |
0% |
0 |
11 |
0 |
| December |
2006 |
1 |
$245,000 |
$220,000 |
89.80% |
4 |
13 |
13 |
| |
| January |
2007 |
N/A |
$0 |
$0 |
0% |
0 |
11 |
0 |
| February |
2007 |
1 |
$229,000 |
$227,500 |
99.34% |
132 |
16 |
16 |
| Current |
2007 |
N/A |
$0 |
$0 |
0% |
0 |
23 |
0 |
|