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 Inventory
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 toSales 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.
Alan Langstone
Real Estate Agent
Langstone Team
Carolina One Real Estate 1951 Clements Ferry Road Charleston, South Carolina, 29492
2 Comments on Mount Pleasant Market Comparison Statistics for 2002, 2004 & 2008
NOV
21
2008
Alan,
The numbers are interesting considering the time differences and the current economic conditions. Hopefully the November numbers fall more line with past numbers and this may be sign things coming back to normal for homes sold in a given month.
There was a article from NAR that pointed that the market had possibly bottomed out in general and a few of the markets were showing signs of improvement.
I think that once Christmas is over and Barack Obama has been in the White House for a couple of months, come early spring, we will see a marked improvement in the Charleston, South Carolina market place.
Obviously other markets may recover quicker and some are going to have lingering problems.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
;)
;)
Alan,
The numbers are interesting considering the time differences and the current economic conditions. Hopefully the November numbers fall more line with past numbers and this may be sign things coming back to normal for homes sold in a given month.
Good Luck,
Matt