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Weekly Analysis of Residential Properties That Went Under Contract in the Charleston, SC MLS area

Posted By: Alan Donald In: Charleston Real Estate
Date: Mon, Dec 28th 2015 5:56 pm

Under Contract in the Charleston, SC MLS area

SoldHere is the weekly analysis of residential properties that went under contract in the Charleston, SC MLS area over the past week (12/15/15).

While buying activity is certainly about the slowest it’s been all year, it remains incredible for the time of year.

This was the 3rd busiest buying year in Charleston real estate history, and it appears we’re in for a fantastic 2016.

201 residential properties went under contract this past week. Incredible for this time of year.

  • 164 single family detached homes under contract past wk. Median LIST price $243k,$118/sq.ft. 14 under $100k. 5 over $1M. 9% of those were BANK OWNED, FORECLOSURES or SHORT SALES. 9% new construction.
  • 9 James Island single family homes under contract past wk LISTED from $209k-$729k. 3 over $400k. Median $356k, $184/sqft. 2(22%) BANK FORECLOSURES or SHORT SALES. 1(11%) new construction.
  • 30 West Ashley single family homes under contract past wk LISTED from $68k-$599k. 5 under $175k. 5 over $400k. Median $247k,$147/sqft. 2 BANK FORECLOSURES or SHORT SALES. 3(10%) new construction.
  • 13 North Chas single family homes under contract past wk LISTED from $70k-$300k. 3 under $100k. 4 over $200k. Median $167k,$91/sqft. 0 BANK FORECLOSURES or SHORT SALES. 2(15%) new construction.
  • 23 Mt Pleasant single family homes under contract past wk LISTED from $305k-$2.8M. 4 Rivertowne. Median $467k,$192/sqft. 10 over $500k. 2 over $1M. 1 under $150/sqft. 0 BANK OWNED FORECLOSURES or SHORT SALES. 1 new construction.
  • 3 Peninsula Charleston single family homes under contract past wk. 2 south of crosstown. LIST prices $200k,$1.8M,$2.1M
  • 30 Summerville/Ladson single family homes under contract past wk LISTED from $56k-$489k. 3 Plum Creek. Median $197k,$99/sqft. 1 under $100k. 5 over $300k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 1 new construction
  • 43 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $58k-$475k. 6 Sangaree. Median $190k,$92/sqft. 9 below $100k. 4 over $300k. 9(21%) BANK OWNED FORECLOSURES or SHORT SALES. 5(12%) new construction
  • 35 condo/townhomes under contract past wk. 4 LISTED under $100k. 20 from $100k-$200k. 3 from $220k-$260k. 6 from $349k-$545k. 2 at $895k,$899k. 10 Mt P. 1 BANK OWNED FORECLOSURES or SHORT SALES. 6 (17%) new construction.