A Comparison Of Market Trends in Mt Pleasant SC To The Entire Charleston SC / Tri-County Area
This blog compares the sale of single family detached homes in Mt Pleasant SC (MLS areas 41 &42) as compared to all other areas of our local MLS (Charleston, Dorchester, and Berkeley Counties). The comparison dates are 02/2007 through 02/2008 and 02/2008 through 02/2009.
In Mt. Pleasant the number of sales for single family detached homes fell 18% in the 02/08-02/09 period (912) compared to the 02/07-02/08 period (1,111). The number of sales for the remainder of the Tri-County area fell 32% (8,006 to 5,444).
The average list price in Mt Pleasant during the above comparison periods fell 1.1% ($510,6111 to $504,912). The average list price for the remainder of the Tri-County area fell 6.6% ($301,797 to $281,846).
The sales price / list price ratio (what percentage of list price a house sold for) dropped 2% in Mt. Pleasant (96% to 94%) and 1% for the Tri-County area in general (96% to 95%).
Mt Pleasant's median sales price fell 6.4% ($406,000 to $380,000) and the rest of the Tri-County fell 4.8% ($205,000 to $195,000).
The average sales price in Mt. Pleasant fell 3.1% ($492,012 to $476,530). In the Tri-County area, not including Mt Pleasant, the average sales price fell 7.5% ($290,641 to $268,716).
And finally, the average days on Market for Mt. Pleasant went up 14% (110 to 128) and the Tri-Counties average days on the market went up 21% (74 to 94).
These figures are presumed to be accurate and were obtained from the Charleston SC Trident Association of Realtors Multiple Listing Service on 2/12/2009
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