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If You Are A Charleston South Carolina Buyers Agent Working In Mt Pleasant, You Need To Know These Facts!

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Real Estate Sales Representative with Exit Realty Charleston Group

If You Are A Charleston South Carolina Buyers Agent Working In Mt Pleasant, You Need To Know These Facts!

3/16/2009

This blog examines trends in the single family detached home market in Mt Pleasant SC for the first 2.5 months of 2009 compared to the same period in 06, 07 and 08.  Or, this data is a look at  "how are we doing so far?" compared to the same time periods for the three previous years.  The exact dates used for each year were 1/1/year to 3/13/year.

Number of Homes Sold:

In the first 2.5 months of 2006 (237) single family detached homes sold in Mt Pleasant SC, in 07 (218) sold, in 08 (164) sold, and in 09 only(103) sold.  From 2006 to 2009 that is a 57% decline in the number of homes sold in the first 2.5 months.

Average Price Per Square Foot:

In the first 2.5 months of 2006, the average price per square foot for a detached single family home in Mt Pleasant SC was $195.93, in 07 that number was up slightly to $198.37, in 08 the figure was $191.83, in 09 the average price was down to $165.91 per square foot.  From 2006 to 2009 that is a 15% decline in the average price per square foot for a single family detached home in Mt Pleasant.

Average Sales Price:

The average sales price for a single family detached home in Mt Pleasant in the first 2.5 months of 2006 was $497,907, in 07 that figure was up to $517,017, in 08 the average was $499,205, and in 09 the figure was down to $415,274.  From 2006 to 2009 that is a 17% decline in the average sales price for a single family detached home in Mt Pleasant.

Median Sales Price:

During the first 2.5 months of 2006 the median sales price for a single family detached home in Mt Pleasant SC was $417,500, in 07 that number was $431,000, in 06 that figure was $392,500, and in 2009 the median sales price was $342,500.  From 2006 to 2009 that is an 18% decline in the median sales price for a single family detached home in Mt Pleasant.

Days on the Market: 

Single family detached homes in Mt Pleasant SC spent only 53 days on the market in the beginning of 2006, in 07 they spent 106 days on the market, in 08 that figure was 137, and in the beginning of 09 that figure was 135.  From 2006 to 2009 that is an 61% increase in the number of days on the market for a single family detached home in Mt Pleasant.

Logan Simmons

My name is Logan Simmons and I live in Mt Pleasant SC. I specialize in helping people find their perfect home in the Charleston SC area. I lead all of my clients through the buying process with great care, from the beginning of their search, through move in day. As a Buyers Agent, it is my responsibility to make sure you are protected and advised properly during the entire home buying process. I have been a Realtor for 15 years and have closed nearly 500 transactions. Let me represent you as your Buyers Agent, so you can rest assured you are making a sound investment! Search All Charleston SC Homes For Sale With Logan Simmons Your Charleston SC Buyers Agent 

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Dawn Bridges Brown
Main Street Properties - Pensacola, FL

Hey Logan, HOw are you? Thank you for excellent info.. I love to hear about other market places. Good luck in 2009.. maket it great.

YOur pensacola florida connection

Dawn

Mar 16, 2009 08:15 AM
Anonymous
Sarah

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Sarah

http://blanket.ws

Apr 02, 2009 04:24 PM
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