Isle of Palms Market Statistics 2006 v. 2007

By
Real Estate Agent with Flanagan Home Team SC RE Broker #58573

The Isle of Palms, excluding Wild Dunes, has seen a major downturn during the first quarter of 2007 compared to same period 2006.

$1M+ homes sold fell from 31 in 2006 to 11 during the same period this year.

The $200K-$499K condo/timeshare market also fell drastically from 14 sales last year to just 4 this period.

The average DOM has climbed steadily from 100 days in April 2006 to 203 days in 2007.

 

SOLD/ACTIVE RESIDENTIAL LISTINGS

01-Jan-2007 - 22-Apr-2007

Area=44

                      0-2        3         4+      Multi     Condo/    Total

 PRICE CLASS/TYPE    Bedrm     Bedrm     Bedrm     Family    Co-Op     Units

 ------------------  -----     -----     -----     ------    -----     -----

 $19,999 OR UNDER       0         0         0         0         0         0

 $20,000 -  $29,999     0         0         0         0         0         0

 $30,000 -  $39,999     0         0         0         0         0         0

 $40,000 -  $49,999     0         0         0         0         0         0

 $50,000 -  $59,999     0         0         0         0         0         0

 $60,000 -  $69,999     0         0         0         0         0         0

 $70,000 -  $79,999     0         0         0         0         0         0

 $80,000 -  $89,999     0         0         0         0         0         0

 $90,000 -  $99,999     0         0         0         0         0         0

$100,000 - $119,999     0         0         0         0         0         0

$120,000 - $139,999     0         0         0         0         0         0

$140,000 - $159,999     0         0         0         0         0         0

$160,000 - $179,999     0         0         0         0         0         0

$180,000 - $199,999     0         0         0         0         0         0

$200,000 - $249,999     0         0         0         0         1         1

$250,000 - $299,999     0         0         0         0         0         0

$300,000 - $399,999     0         0         0         0         3         3

$400,000 - $499,999     0         0         0         0         0         0

$500,000 - $749,999     1         2         0         0         0         3

$750,000 - $999,999     0         1         1         0         0         2

$1,000,000 OR OVER      0         2         8         0         1        11

Total Types:                   1         5         9         0         5        20

 

Median Price:    $680,000  $835,000$1,900,000       N/A  $375,000$1,135,000

 

Average Price:   $680,000$1,183,500$2,083,111        $0  $495,800$1,391,225

 

DAYS ON MARKET (SALES):

-----------------------

       0 -   30:    2       

      31 -   60:    0       

      61 -   90:    0       

      91 -  120:    2       

        121+   :   15       

-----------------------

Avg DOM: 203

 

TERMS OF SALE  (SALES):

-----------------------

     ASSUMPTION:    0        

           CASH:    1        

   CONVENTIONAL:   19        

 FARMER HOME LN:    0        

  FED LAND BANK:    0        

            FHA:    0        

          OTHER:    0        

 SELLER FINANCE:    0        

  ST HOUSE AUTH:    0        

             VA:    0        

 

 

NUMBER OF HOUSES UNDER CONTRACT: 10

NUMBER OF HOUSES CONTINGENT: 4262.                     

                                                                CURRENT ACTIVE LISTINGS

 

                        Single    Multi     Condo/

  PRICE CLASS/TYPE      Family    Family    Co-Op

  -------------------   ------    ------    ------

  $19,999 OR UNDER           0         0         0

  $20,000 -   $29,999        0         0         0

  $30,000 -   $39,999        0         0         0

  $40,000 -   $49,999        0         0         0

  $50,000 -   $59,999        0         0         0

  $60,000 -   $69,999        0         0         0

  $70,000 -   $79,999        0         0         0

  $80,000 -   $89,999        1         0         0

  $90,000 -   $99,999        0         0         1

 $100,000 -  $119,999        0         0         1

 $120,000 -  $139,999        0         0         0

 $140,000 -  $159,999        0         0         0

 $160,000 -  $179,999        0         0         0

 $180,000 -  $199,999        0         0         1

 $200,000 -  $249,999        0         0         8

 $250,000 -  $299,999        1         0         2

 $300,000 -  $399,999        1         0        12

 $400,000 -  $499,999        4         0         7

 $500,000 -  $749,999        5         0         0

 $750,000 -  $999,999       39         0         0

 $1,000,000 OR OVER        138         1         9

 Total Types:              189         1        41

 

 Average Price:       $1,964,6$1,395,000  $566,502

 

--Information deemed reliable but not guaranteed--Copyright: 2007 by the Charleston Trident MLS Look for comparable properties at http://www.flanaganhometeam.com/ Prepared by GREG FLANAGAN of EXIT REALTY CHARLESTON GROUP on 4/22/2007 10:22:04 AM

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