Isle of Palms (SC) Home Sales Update for August 2009

By
Real Estate Agent with RE/MAX Alliance

Isle of Palms (SC) Home Sales Update for August 2009

 Isle of Palms (SC) had 9 single family detached homes sell during August with an average sales price of $969,555 and median price of $750,000. This was a 10% decrease from sales in July with a 1.35% decrease in median price. The average number of days on market was 243 with an 88% sale to list price ratio. For every home sold in August, 3.11 homes were newly listed for sale. At the end of August, there was 26 months of home inventory; six months inventory is considered a balanced market.

 

Only one of the homes sold on Isle of Palms in August was located in Wild Dunes. As of September 22, 2009, there has been a 67% increase in sales over the same time period from last year. Isle of Palms currently has 189 single family detached homes actively listed for sale.

 

Statistics from Charleston Trident Association of Realtors Multiple Listing Service as of 9/22/09. Numbers represent SINGLE FAMILY HOMES sold in August 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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