Charleston's Home Port

Blog by Mike Terry
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.

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Mount Pleasant, SC - Local Market Update

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

 

 

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