Posted By Alan Donald @ Apr 15th 2017 8:15am In: Daniel Island

Wish To Sell Your Daniel Island Home? You Better Price it Perfectly!

For many years now, Daniel Island has been one of the "darling" sub-markets in the Charleston, SC area. As a planned "affluent" and predictable community, Daniel Island has enjoyed strong appreciation (parallel to, and sometimes ahead of Mount Pleasant's).
Months of Inventory Chart for Daniel Island, Charleston SC 29492
However, prices have risen to the point where demand is starting to pull back, and right now Daniel Island is poised to become an "oversupplied" or "Buyer's Market" once again (see graph). In the graph, each point represents a 12-month average, so the curve represents the trend.

Absorption by MLS Area - Daniel Island SC 29492In the first quarter of 2017, there were 59 sales closed on Daniel Island, and the current inventory is 158 active listings (includes single family detached, townhomes and condos). This equates to 8 months' inventory.  So the latest 3-month numbers shows the trend accelerating! (click chart to enlarge)

Homes are still selling on Daniel Island, but the market appears to not longer be supporting such "bullish" prices any longer. Strategic market pricing is KEY to be able to sell your Daniel island home in this changing marketplace.
If you wish to sell a home on Daniel Island, call us on 843-900-0155 to get a free, no-obligation pricing & marketing consultation. 

Pricing our listings strategically and marketing them professionally has allowed us to achieve a much higher Sold/List Price ratio and lower Days on Market than the average Realtor!

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