Click HERE to see latest real estate market statistics & graphs
Mount Pleasant is a very nice, safe and friendly residential community that forms part of the Charleston Metropolitan Area. It is connected to the South to Downtown Charleston Peninsula via the new Ravenel Bridge, and to the West to Daniel Island across the Wando River.
The City of Mount Pleasant has approximately 60,000 residents (click here to get a copy of the 2011 Demographic Report), a very strong school system (Charleston County) and a diversity of communities to offer in terms of size, age, price, uniformity, amenities, etc. Since the late 90's, Mt. Pleasant has experienced strong population growth. The town implemented a control in the number of new home application permits, which limited the supply of new homes so that they could catch up with the infrastructure development. This "artificial" limitation, coupled with the strong demand during the 2002-2006 boom, inflated home prices to the point that Mt. Pleasant became unaffordable for first-time home buyers. Given the market correction taking place since 2006, the Home Affordability Index (mean income vs. mean home price) for Mt. Pleasant in 2009 is back at the level it was in 2000.
Mount Pleasant, SC Homes
Mt. Pleasant offers a variety of neighborhoods and home styles that include small cottages, established, traditional homes, high-end "neoclassic" style homes and large, custom-built homes. Hwy 41 (connecting Mount Pleasant with Cainhoy) is generally considered the boundary between "inner" Mount Pleasant (i.e. closer to Downtown Charleston) and "outer" Mt. Pleasant. The following are some of the better known and most popular neighborhoods in Mount Pleasant:
SINGLE FAMILY DETACHED HOMES
Larger Neighborhoods
Belle Hall Plantation - Brickyard Plantation - Carolina Park - Charleston National - Darrell Creek - Dunes West - Hamlin Plantation - Hobcaw Creek Plantation - I'On Village - Ivy Hall - Longpoint - Molasses Creek - Oakhaven - Park West - Ravens Run - Rivertowne - Seaside Farms - Snee Farm - The Groves
Smaller Neighborhoods
Back Bay Village - Bayview Acres - Carol Oaks - Commonwealth - Cooper Estates - Creekside - Grassy Creek - Heron Pointe - Hidden Cove - Hidden Lakes - Hobcaw - Horlbeck Creek - Laurel Grove - Old Mt. Pleasant - Old Village - Olde Park - Phillips Park - Planters Pointe - Pinckney Place - Point Pleasant - Shellpoint - Somerset - Wakendaw Lakes - Watermark - West Point - Yough Hall
TOWNHOMES AND CONDOMINIUMS
Battery @ Park West - Beaumont - Belle Hall Gardens - Cambridge Lakes - Cambridge Commons @ Park West - Carol Oaks Townhomes - East Bridge Town Lofts - Eastwood Townhomes - Egret's Walk @ Dunes West - Ellington Woods @ Dunes West - Etiwan Pointe - Hamlin Park - Hampshire @ Park West - Heritage Village - Kensington @ Park West - Keswick @ Park West - Longrove at Seaside Farms - Madison at Park West - Madison at Hamlin Plantation - Marais @ Seaside Farms - Marsh Grass - Marsh Harbor - Montclair - Legends at Charleston National - One Belle Hall - One Hamlin Place - Palms Cove at Dunes West - Parish Place - Planters Place - Preston @ Park West - Remington Forest - Renaissance on Charleston Harbour - Retreat at Charleston National - Sandpiper Pointe - Shellmore Village - Simmons Pointe - Six-Fifty-Six Coleman - Snee Farm Lakes - Southampton Pointe - Tennyson Row @ Park West - The Heritage @ Dunes West - The Gates @ Dunes West - The Gates @ Park West - The Meridian - The Reserve at Charleston National - The Tides - The Village @ Carol Oaks - Ventura Villas @ Snee Farm - Village Creek - Waverly @ Hamlin Plantation
Mount Pleasant Market Statistics & Trends
Mount Pleasant Becoming Affordable Again!
The following chart plots the average and median home prices for Mount Pleasant SC. Given the combination of lower prices and incredibly low mortgage interest rates, the affordability index for buyers interested in Mount Pleasant is at a very high point.
This chart shows the real numbers for average home prices and median home prices, as well as a 12-month running average for both indexes.
As of March, 2012, this 12-month average shows stabilization - based on current market conditions it is our opinion that homes prices will be stable this year.
However, prices follow supply and demand in the different sub-markets:
In the "lower" price points (under $350K) inventory has actually decreased below the "neutral market" point of 6 months' inventory, and we expect prices will start inching upward, as eager buyers start to compete for fewer listings (we are already experiencing multiple offer situations, which had been virtually unheard of since 2006).
Above $500K, there are still 7-9 months' inventory - so prices still have downward pressure.
- MLS#
1209784- Class:
- Residential
- Status:
- Active
- Beds:
- 3
- Baths:
- 2 Full / 1 Half
View Listing - MLS#
- 1210122
- Class:
- Residential
- Status:
- Active
- Beds:
- 3
- Baths:
- 2 Full / 1 Half
- MLS#
- 1208237
- Class:
- Residential
- Status:
- Active
- Beds:
- 3
- Baths:
- 2 Full / N/A
- MLS#
- 1211735
- Class:
- Residential
- Status:
- Active
- Beds:
- 3
- Baths:
- 2 Full / 1 Half
- MLS#
- 1112357
- Class:
- Residential
- Status:
- Active
- Beds:
- 2
- Baths:
- 1 Full / N/A
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Chas. Mt Pleasant are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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