The figures below are for Mount Pleasant (MLS Areas 41 & 42) for Single Family Homes.
They show the volume of transactions for year 2002, 2004 and 2008
To understand what the tables show, firstly, in general terms, area 42 is a more established area with the majority of new housing being built in area 41 not that these figures are seperate between the two areas.
For instance, there are more active properties in May 2008 than in 2002 or 2004. This is partly because there of the areas development. This also needs to be considered for Sold figures as the area contains many more homes than in 2002.
Active (No. of Properties)
|
|
JAN |
FEB |
MAR |
APR |
MAY |
JUN |
JUL |
AUG |
SEP |
OCT |
NOV |
DEC |
|
2002 |
206 |
185 |
180 |
205 |
166 |
156 |
209 |
191 |
187 |
141 |
141 |
130 |
|
2004 |
154 |
138 |
209 |
212 |
204 |
208 |
133 |
164 |
159 |
149 |
134 |
97 |
|
2008 |
259 |
214 |
225 |
235 |
241 |
205 |
200 |
172 |
163 |
139 |
N/A |
N/A |
Sold (No. of Properties)
|
|
JAN |
FEB |
MAR |
APR |
MAY |
JUN |
JUL |
AUG |
SEP |
OCT |
NOV |
DEC |
|
2002 |
74 |
92 |
127 |
108 |
151 |
151 |
134 |
144 |
132 |
91 |
95 |
132 |
|
2004 |
85 |
96 |
158 |
125 |
154 |
186 |
184 |
135 |
116 |
112 |
116 |
127 |
|
2008 |
79 |
66 |
69 |
76 |
109 |
127 |
117 |
97 |
58 |
68 |
N/A |
N/A |
Sales Dollar Volume for Sold Listings
|
|
2002 |
2004 |
2008 |
|
JAN |
$18,777,761 |
$27,809,447 |
$35,667,084 |
|
FEB |
$22,168,937 |
$29,794,401 |
$33,097,176 |
|
MAR |
$34,023,232 |
$52,759,045 |
$36,039,618 |
|
APR |
$28,222,472 |
$42,569,486 |
$37,003,875 |
|
MAY |
$37,513,111 |
$52,292,810 |
$54,898,367 |
|
JUN |
$44,907,076 |
$66,411,384 |
$59,478,738 |
|
JUL |
$36,386,391 |
$67,435,172 |
$60,978,566 |
|
AUG |
$41,798,559 |
$49,842,654 |
$45,064,768 |
|
SEP |
$35,484,710 |
$42,622,648 |
$26,262,998 |
|
OCT |
$26,584,323 |
$40,094,437 |
$29,199,380 |
|
NOV |
$23,694,964 |
$44,341,677 |
N/A |
|
DEC |
$37,175,787 |
$48,690,105 |
N/A |
Available Inventory
|
Current |
2002 |
2004 |
2008 |
|
JAN |
1089 |
651 |
1668 |
|
FEB |
1156 |
623 |
1768 |
|
MAR |
1133 |
579 |
1767 |
|
APR |
1120 |
572 |
1818 |
|
MAY |
1131 |
546 |
1845 |
|
JUN |
1057 |
521 |
1804 |
|
JUL |
976 |
502 |
1771 |
|
AUG |
946 |
483 |
1735 |
|
SEP |
905 |
443 |
1686 |
|
OCT |
922 |
420 |
1670 |
|
NOV |
870 |
434 |
1675 |
|
DEC |
915 |
405 |
1685 |
The one fact that I can easily extract from the above figures is that to use them to gauge what the housing market is doing you need to fully understand the area they related too.
You could say that according to Sales Dollar Volume for Sold Listings chart that May 2008 (quiet market) was busier than May 2004 (boom market).
So yes the past sales and sold statistics are useful but only if you fully understand what you are looking at and how to apply them.
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Alan Langstone
Real Estate Agent
Langstone Team
Carolina One Real Estate
1951 Clements Ferry Road Charleston, South Carolina, 29492 |
Work: 843-284-1932
Mobile: 843-709-8123
Fax: 843-202-8675
alan@carolinaone.com
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