AN INCREDIBLE WEEK OF REAL ESTATE ACTIVITY DURING A PANDEMIC!!

442 residential properties under contract.

342 single family homes.

One of the best weeks ever in Charleston real estate history!

Analysis of residential properties going under contract (contingent) during week of 5/1/20-5/7/20

  • 442 residential properties under contract past wk. Tremendous!!
  • 342 single family homes under contract past wk. Median LIST price $305k,$157/sqft. 3 under $100k. 12 over $1M, 2 of those over $2M. Median 26 CDOM. Median Yr Blt 2004
  • 2(1%) of 342 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES.  Another 15%new construction.  0 of 1 short sales in areas 31/32, 61-76
  • 61 island single family homes under contract past wk. James-21,Folly-2($650k,$1.25M),Johns-13,Kiawah-2($1.1M,$2.05M),Edisto-1($299k),Seabrook-6($309k,$312k,$355k,$359k,$519k,$749k),IOP-5($589k,$679k,$683k,$825k,$1.3M),WildDunes-2($850k,$928k),Daniel-9
  • 9Daniel Island single family homes under contract past wk LISTED from $549k-$1.4M.  Median $820k,$270/sqft.  1(11%) new construction.  
  • 21 James Island single family homes under contract past wk LISTED from $268k-$1.25M. Median $435k,$219/sqft. 1 under $180/sqft. 1 new construction.
  • 13Johns Island single family homes under contract past wk LISTED from $142k-$460k. 1 under $215k. Median $325k,$169/sqft.  3(23%) new construction.  
  • 34West Ashley single family homes under contract past wk LISTED from $189k-$4M.  3 under $200k. 8 over $400k. 3 Carolina Bay. Median $285k,$167/sqft. 3 new construction.
  • 21North Chas single family homes under contract past wk LISTED from $85k-$489k. 3 under $150k. 3 over $300k.  Median $220k,$135/sqft.  1 new construction. 3 Pepperhill
  • 38Mt Pleasant single family homes under contract past wk LISTED from $265k-$1.7M. 2 under $400k. 3 over $1M.  Median $506k,$235/sqft.  2 under $180/sqft. 5(13%) new construction.  5 Carolina Park
  • 7PeninsulaCharleston single family homes under contract past week LISTED from $300k-$989k. Median $769k,$299/sqft. 3 South of the crosstown.
  • 79 Summerville/Ladson single family homes under contract past wk LISTED from $143k-$699k. 8  Wescott. 3 under $175k. 16 over $350k. Median $269k,$133/sqft.0 BANK OWNED FORECLOSURES or SHORT SALES. 17(22%) new construction.
  • 93 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $45k-$949k. 24 Cane Bay. Median $263k,$135/sqft.  7 under $175k. 17 over $350k. 0 BANK OWNED FORECLOSURES or SHORT SALES. 18(19%) new construc
  • 91condo/townhomes under contract past wk. 3 LISTED under $100k. 40 from $100k-$199k. 31 from $200k-$299k. 12 from $300k-$475k. 5 from $585k-$995k. 1 BANK OWNED FORECLOSURES or SHORT SALES. 18(20%) new construction