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Mount Pleasant's Home Port

Blog by Mike Terry
Mount Pleasant, South Carolina

Mount Pleasant, SC - Life is laid back here. The Atlantic ocean is near by as well as the historic Charleston, SC. We discuss a little bit of everything - here you'll find some of our notes, musings, ideas, and recommendations with particular emphasis on real estate and projects in and around Mount Pleasant SC. COMMENTS ARE WELCOME and ENCOURAGED. Please notice the Post A Comment link at the bottom of each posting.

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Moncks Corner, SC Local Market Update

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

 

 

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