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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