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Fripp Island, Market Update by Chris Skrip, Skrip Sells Fripp!

By Chris & Maria Skrip

Real Estate Broker/Owner with RE/MAX 1st Advantage SC58585

January 30, 2009 02:25 AM

LIST PRICE:

SOLD PRICE:

DOM:

HIGH	LOW	AVERAGE	MEDIAN	TOTAL PRICE	LISTING COUNT
$740,000	$125,000	$510,872	$537,000	$50,065,472	98
$0	$0	$0	$0	$0
973	7	266	203

Currently, there are 98 active residential listings on Fripp Island. The lowest priced property is a Sunsuite condo, 1 bedroom, 1 bathroom for $169,900; however, the lowest price on the MLS is $125,000 for a 4 week, partial ownership in a Davis Love golf course home. The median price on Fripp Island is $537,000 and the median days on the market is 203 days.

LIST PRICE:

SOLD PRICE:

DOM:

HIGH	LOW	AVERAGE	MEDIAN	TOTAL PRICE	LISTING COUNT
$1,200,000	$149,900	$588,456	$550,000	$22,949,800	39
$1,157,525	$130,000	$549,871	$515,000	$21,444,983
828	33	301	223

Looking at residential home/condo sales for Fripp Island, there were 39 that sold in the year of 2008. The median sold price was $515,000 with 223 days on the market.

If you are interested in buying or selling on Fripp Island, give Chris Skrip a call at 843-252-4218 or visit him at www.SkripSellsFripp.com! We look forward to hearing from you!