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James Island, SC Real Estate Market Statistics for September 2009

By Matthew Naumann

Real Estate Agent with Exit Realty Charleston Group

October 20, 2009 11:53 PM

James Island, SC Real Estate Market Statistics - September 2009
New Listings
Total	14
Average List Price	$336,689
Median List Price	$264,500
Sold Listings
Days on Market (DOM)	62
Total	9
Average List Price	$230,122
Average Sold Price	$219,622
Median Sold Price	$212,000
% Selling Price/Listing Price	95%
Current Active Listings as of Oct. 19, 2009
Days on Market (DOM)	169
Total	81

Summary:

The real estate market on James Island, SC is Buyer's Market, for every listing sold in the month of September there were more than 1 new listing added bringing the total as Oct. 14, 2009 to 81 listings.

The average listing price in the James Island, SC area is approximately $117,067 over the average selling price, which has resulted in homes staying on the market an average of 107 days longer. The homes that are selling in James Island, SC are receiving 95% of the listing price, which means most of the homes that have sold in September have been overpriced.

If you are selling and a low offer is submitted, I recommend to work with all offers to see if you can make the offer a win - win opportunity for both you and the seller. As a seller you can easily save thousands by working with buyers. Remember the costs of owning a house is more than the cost of a monthly mortgage payment, it includes the monthly expenses (i.e. gas, electric, HOA, phone, and etc.) and maintenance costs to maintain the home.

Tip: Price your home where comparables have sold versus where comparables have been sitting on the market, this will greatly reduce the amount time on the market.

Tip: If you own more than your home is worth and you need to Sell. Short Sale your Home (i.e. Price it to Sell). I recommend working with an agent, who has systems in place to do short sales.

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Matt Naumann - Charleston & Goose Creek, SC Real Estate Agent & Entrepreneur
"Taking Real Estate Home Buying, Investing and Selling to the Next Level" is my personal goal. I specialize in using creative strategies to help my clients buy, invest, or sell real estate in the Charleston & Goose Creek, SC Real Estate Market. My motto is "There is always a way!" Google or Call me (843) 818-9898 and let's discuss how I can help you in save $1,000s when you buy, invest, or sell real estate.