Analysis of residential properties going under contract(contingent) during week of 5/29/20-6/4/20

This is just incredible and inventory of homes keeps dropping. Demand is much higher than the supply of homes for sale. 

  • 500 residential properties under contract past wk. Tremendous!! 
  • 388 single family homes under contract past wk. Median LIST price $345k,$167/sqft. 4 under $100k. 27 over $1M, 8 of those over $2M. Median 30 CDOM. Median Yr Blt 2004
  • 3(1%) of 388 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES.  Another 8%new construction.  1 of 1 short sales in areas 31/32, 61-76
  • 78 island single family homes under contract past wk. James-17,Folly-6($490k,$625k,$675k,$754k,$860k,$925k),Johns-21,Kiawah-4($525k,$1.2M,$2.8M,$4.2M),Edisto-6($498k,$499k,$578k,$595k,$639k,$1.1M),Seabrook-3($796k,$865k,$899k),Sullivan-1($3.95M),IOP-5($599k,$600k,$1.8M,$2.15M,$3M),WildDunes-4($950k,$995k,$1.15M,$1.9M),Daniel-11
  • 11Daniel Island single family homes under contract past wk LISTED from $528k-$2.2M.  Median $795k,$296/sqft.  0 new construction.  
  • 17 James Island single family homes under contract past wk LISTED from $305k-$1.15M. Median $495k,$206/sqft. 2 under $170/sqft. 2(12%) new construction.
  • 21Johns Island single family homes under contract past wk LISTED from $195k-$985k.  Median $400k,$174/sqft.  4(19%) new construction.  
  • 43West Ashley single family homes under contract past wk LISTED from $180k-$850k.  1 under $200k. 16 over $400k. Median $365k,$180/sqft. 3 new construction.
  • 22North Chas single family homes under contract past wk LISTED from $85k-$620k. 3 under $150k. 9 over $300k.  Median $262k,$154/sqft.  0 new construction
  • 52Mt Pleasant single family homes under contract past wk LISTED from $310k-$2.7M. 8 over $1M.  Median $538k,$223/sqft.  5 under $175/sqft. 3 new construction.  6 Dunes West, 6 Carolina Park
  • 17PeninsulaCharleston single family homes under contract past week LISTED from $240k-$1.3M. 2 under $425k. 3 over $1M. Median $749k,$344/sqft. 8 South of the crosstown. 5 Harleston Village, 5 Wagener Terrace
  • 72 Summerville/Ladson single family homes under contract past wk LISTED from $180k-$695k. 8  Wescott. 6 under $200k. 9 over $350k. Median $264k,$137/sqft.0 BANK OWNED FORECLOSURES or SHORT SALES. 3 new construction.
  • 97 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $73k-$500k. 19 Cane Bay. Median $262k,$135/sqft.  6 under $175k. 11 over $350k. 2 BANK OWNED FORECLOSURES or SHORT SALES. 13(13%) new construc
  • 104condo/townhomes under contract past wk. 1 LISTED under $100k. 38 from $100k-$199k. 36 from $200k-$299k. 21 from $300k-$499k. 5 from $565k-$995k. 3 from $995k-$1.85M. 0 BANK OWNED FORECLOSURES or SHORT SALES. 15(14%) new construction
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