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Real Estate Market Stats for week ending 4/23/2010
 7/12/2010 10:23:40 PM
I have detailed a quick look at the properties that went “AC” (Active Contingent) in the Charleston, SC MLS last week. There were over 200 “AC’s” for the seventh straight week…a feat the MLS didn’t accomplish at all in 2009 and only 4 times in 2008. While inventory is still way out of whack, buyer activity is exceptionally high right now.

A quick analysis of the 200 single family detached(SFD) homes that went under contract over the past 7 days:

- 200 single family homes under contract past wk median LIST price $192k(low) at $108/sqft.
- 7 single family homes w/ LIST price above $1M went under contract past week in Charleston MLS. 23 for under $100k
- 27 Goose Creek /Hanahan single family homes under contract past wk, median LIST price $170k, $91/sqft. None over $260k.
- 45 Summerville single family homes under contract past wk, median LIST price $170k, $88/sqft. Only 3 over $300k.
- 7 downtown Charleston single family homes under contract past wk. 4 below $800k, 3 above $1.5M. Median LIST price $330/sqft.
- 4 IOP/Wild Dunes single family homes under contract past wk. 2 below $800k, 2 above $1.5M. Median LIST price $335/sqft
- 30 Mt. Pleasant single family homes under contract past wk median LIST price $385k, $154/sqft. 6 over $500k, none over $900k
- 18 North Charleston single family homes under contract past wk median LIST price $135k, $87/sqft. None over $190k
- 10 Johns Island single family homes under contract past wk median LIST price $211k, $146/sqft. 1 for over $1.3M.
- 12 James Island single family homes under contract past wk median LIST price $227k, $159/sqft. Only 1 over $300k.
- 23 single family West Ashley homes under contract past wk median LIST price $200k, $119/sqft. 4 over $300k. Buyer activity very high now
- No MLS single family detached(SFD) contingents on Kiawah, Seabrook, or Folly Beach over the past week. One on Daniel Island, one on Sullivans Island.

If you have an specific questions about this report, please call Pat Broghamer 843-725-8095 or email patbroghamer@realtor.com
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