Posted By Alan Donald @ Dec 6th 2019 1:20pm In: Charleston Real Estate

Analysis of residential properties going under contract (contingent) during week of 11/29/19-12/5/19. Charleston, SC Metro Area

206 residential properties went under contract past week. Slower than average (Thanksgiving hangover?). 

Single Family Home

  1. 145 single family homes went under contract this past week. Median LIST price $299k,$155/sqft. 1 under $100k. 7 over $1M, 3 of
    those over $2M. Median 41 CDOM. Median Year Built 2000.
    • 1% were BANK OWNED FORECLOSURES or SHORT SALES. Another 7% were NEW CONSTRUCTION.
    • 20 island single family homes went under contract this past week.
      • 11 James Island single family homes under contract past week LISTED from $275k-$2.5M. 2 over $400k. Median
        $350k,$226/sqft. NONE were new construction.
      • 4 Johns Island single family homes under contract past week LISTED from $356k-$775k. Median $448k,$178/sqft. 2(50%) new
        construction. LIST prices $356k,$431k,$465k,$775k
      • Edisto-2 ($629k,$695k)
      • Folly -1($410k)
      • Daniel - 2 ($1.3M,$1.3M)
    • 13 West Ashley single family homes under contract past week LISTED from $125k-$470. 2 under $200k. Median $265k,$169/sqft. 0 new construction.
    • 15 North Chas single family homes under contract past week LISTED from $87k-$399k. 3 under $175k. 6 over $250k. Median
      $225k,$154/sqft. 1 new construction.
    • 25 Mt Pleasant single family homes under contract past wk LISTED from $325k-$2.3M. 4 under $400k. 2 over $1M. Median
      $590k,$217/sqft. 3 under $170/sqft. 6(24%) new construction.
    • 9 Peninsula Charleston single family homes under contract past week LISTED from $200k-$2.8M. 1 under $435k. 2 over $1M.
      Median $699k,$313/sqft. 6 South of crosstown.
    • 28 Summerville/Ladson single family homes under contract past wk LISTED from $129k-$489k. 3 under $175k. 2 over $325k.
      Median $240k,$132/sqft. 0 BANK OWNED FORECLOSURES or SHORT SALES. 0 new construction
    • 34 Hanahan/Goose Creek/Moncks Cnr single family homes under contract past week LISTED from $140k-$499k. 6 Cane Bay.
      Median $235k,$129/sqft. 5 under $175k. 2 over $350k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 1 new construction

  2.  55 condo/townhomes went under contract this past week.

    • 3 LISTED under $100k.
    • 25 from $100k-$199k.
    • 12 from $200k-$299k.
    • 10 from $300k-$430k.
    • 4 from $549k-$675k.
    • 1 at $989k.
    • 0 BANK OWNED FORECLOSURES or SHORT SALES.
    • 0 new construction.