Isle of Palms Home Sales Data October 2009

Isle of Palms Home Sales Data
October 2009

 

Isle of Palms had 9 single family detached homes sell during October with an average sales price of $929,557 and median price of $725,000. This was one more home than sold in September with a 39.5% increase in average sales price and a 23.5% increase in median price. The highest priced home sold for $2,500,017 and the lowest priced home sold for $535,000.

 

The average number of days on market was 208 which was an increase over the previous months DOM of 99. On average, homes sold for 92% of the list price. For every home sold in October, 3.44 homes were newly listed for sale. At the current rate of sale, it would take 37.7 months to deplete the home inventory; six months inventory is considered a balanced market.

 

Two of the homes sold on Isle of Palms in October were located in Wild Dunes. As of November 17, 2009, there has been a 55.1% increase in sales over the same time period from last year. Isle of Palms currently has 300 single family detached homes actively listed for sale with 25 under contract. Fourteen homes entered pending sales status during October.

 

Statistics from Charleston Trident Association of Realtors Multiple Listing Service as of 11/17/09. Numbers represent SINGLE FAMILY DETACHED HOMES sold in October and are deemed reliable but not guaranteed. Median price indicates the point at which half the homes sold for more and half the homes sold for less.

For a detailed market analysis of your home or neighborhood, contact Debbie Donovan at 843-327-6099.

 

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Charleston Real Estate Resource - Debbie Donovan:

 

As a community minded and dynamic residential Realtor, my intention and commitment is to be an invaluable resource for buyers and sellers in the Charleston SC real estate market, specifically the East Cooper communities of Mt. Pleasant, Isle of Palms, and Daniel Island. I am results driven and work to provide top notch service to all my clientele. Email or call me (843-327-6099) so we can discuss how I can help you with your next real estate transaction.