163 residential properties under contract past week.
Slowdown continues but better than last yr this time. Not bad really.
125 single family homes under contract:
38 (30%) of 125 were either BANK OWNED FORECLOSURES or SHORT SALES
22 island homes: James-7, Folly-4, Johns-2, Seabrook-2, Edisto-2, Sullivans-3, IOP-1, Daniel-1
7 (32%) of 22 were either BANK OWNED FORECLOSURES or SHORT SALES
7 James Island ~ LIST prices $140k, $153k, $335k, $360k, $365k, $450k, $1.35M
4 Folly Beach ~ LIST prices $395k, $475k, $475k, $550k
18 West Ashley ~ Median LIST price $205k
12 North Charleston ~ 6 LISTED under $70k, 4 from $105k-$125k, 2 at $190k, $210k
6 (50%) of 12 were either BANK OWNED FORECLOSURES or SHORT SALES
21 Mt Pleasant ~ Median $385k, Only 1 under $225k, 4 from $650k-$945k
Only 4 peninsula Charleston ~ LIST prices $94k, $95k, $285k, $605k
3 (75%) of 4 were BANK OWNED FORECLOSURES or SHORT SALES
26 Summerville/Ladson ~ Median LIST price $160k, $82/sqft. Only 2 over $239k
8 (31%) of 26 were BANK OWNED FORECLOSURES or SHORT SALES
20 Hanahan/Goose Creek/Moncks Corner ~ Median LIST price $172k, $79/sqft. 3 over $240k
36 condo/townhomes under contract past wk.
8 LISTED under $100k, 19 from $100k-$200k, 4 $225k-$300k, 5 $382k-$550k
12 (33%) of 36 were either BANK OWNED FORECLOSURES or SHORT SALES
Of the 724 closed single family home sales during Aug 2011:
Average SP/FLP ratio was 95%.
Median was 97%.
138 closed for less than 92% of final LIST price.
Average SP/OLP ratio was 89%.
Median was 93%.
SP=Sales Price, FLP=Final List Price, OLP=Original list price
Please contact me if you'd like specific information regarding how to sell your home:
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