Residentially Speaking Real Estate Update – Fast Break Residential Real Estate Stats by Seay Development for week ending 2/5/15

Buying activity is incredible for this time of year.  Only James Island had just an average week.  Prices look really good across the board.  Downtown and Daniel Island have had 2 very good weeks consecutively.

Seay Development Real Estate & Business Brokerage 843-364-6720
Seay Development Real Estate & Business Brokerage 843-364-6720

Analysis of residential properties going under contract(contingent) during week of 1/30/15-2/5/15

  • 329 residential properties under contract past week. WOW!! Another 7 were under contract but came BOM.
  • 258 single family homes under contract past wk. Median LIST price $235k,$122/sqft.  14 under $100k. 6 over $1M. Median 63 CDOM. Median Yr Blt 2001
  • 20(8%) of 258 single family homes under contract past wk BANK OWNED FORECLOSURES or SHORT SALES.  Another 12% new construction.  6 of 9 short sales in areas 31/32, 61-76
  • 34 island single family homes under contract past wk. James-11,Johns-7,Kiawah-1($2.15M),Edisto-3($345k,$400k,$595k),Seabrook-1($594k),Sullivan-1($895k),IOP-3($675k,$1.2M,$1.5M),Dewees-1($900k),Dan-6
  • 11 James Island single family homes under contract past wk LISTED from $215k-$949k.  Median $300k,$175/sqft.  3 over $350k. 0 BANK FORECLOSURES or SHORT SALES. 0 new construction.
  • 7 Johns Island single family homes under contract past wk LISTED from $179k-$394k.  Median $230k,$140/sqft. 1 below $200k. 1 over $260k. 1 BANK FORECLOSURES or SHORT SALES. 1(14%) new construction.
  • 40 West Ashley single family homes under contract past wk LISTED from $69k-$999k. 4 Shadowmoss, 4 Grand Oaks. 6 under $175k. 9 above $400k. Median $269k,$142/sqft. 5(13%) BANK FORECLOSURES or SHORT SALES.  1(3%) new construction.
  • 23 North Chas single family homes under contract past wk LISTED from $52k-$275k. 4 Park Circle, 4 Forest Hills. 4 under $100k. 5 over $200k. Median $150k,$99/sqft. 1(4%) BANK FORECLOSURES or SHORT SALES. 5(22%) new construction
  • 37 Mt Pleasant single family homes under contract past wk LISTED from $225k-$939k. Median $425k,$190/sqft. 4 Rivertowne. 10 over $500k. 1 under $150/sqft. 1(3%) BANK OWNED FORECLOSURES or SHORT SALES. 7(19%) new construction.
  • 15 Peninsula Charleston single family homes under contract past wk LISTED from $200k-$2.5M. 1 under $375k. 2 over $800k. Median $500k,$262/sqft. 9 south of crosstown.
  • 49 Summerville/Ladson single family homes under contract past wk LISTED from $45k-$385k. 3 White Gables. Median $170k,$99/sqft. 3 under $100k. 3 over $300k. 4(8%) BANK OWNED FORECLOSURES or SHORT SALES. 5(10%) new constrction
  • 56 Hanahan/Gs Creek/Moncks Cnr single family homes under contract past week LISTED from $23k-$349k. 5 Tanner Plant.  Median $181k,$98/sqft. 5 below $100k. 2 above $300k. 7(13%) BANK OWNED FORECLOSURES or SHORT SALES. 8(14%) new construction
  • 6 Daniel Island single family homes under contract past wk. LIST prices $454k,$485k,$555k,$690k,$829k,$1.25M.
  • 59 condo/townhomes under contract past wk. 11 LISTED under $100k. 25 from $100k-$200k. 9 from $225k-$300k. 8 from $310k-$500k. 6 from $525k-$900k. 17 Mt Pleasant. 6(10%) BANK OWNED FORECLOSURES or SHORT SALES. 4(7%) new construction.

I have two great residential properties that I am promoting this week.  One is in I’On (Video Follows) and one is in Dunes West and is a very nice Townhouse with a Tenant in Place until November.  Follow the link below to see more.  Also, I have a great residential/commercial investment property in Shelmore Village (See below).  Great waterfront lot coming with a dock in hand next week.

Market Still Churning! Residentially Speaking Real Estate Update - Fast Break Residential Real Estate Stats by Seay Development as of 2/5/15
Market Still Churning! Residentially Speaking Real Estate Update – Fast Break Residential Real Estate Stats by Seay Development as of 2/5/15

87 Latitude in Award Winning I’On – $1,525,000 Home in Mount Pleasant SC 29464

This Tour is amazing and explains and shows you this property in detail.

 

732 S. Shelmore (Fully Occupied Investment)

https://seaydevelopment.com/2150-sqft-of-worklive-2-3br-space-in-hot-shelmore-village-for-sale-459900-in-mount-pleasant-south-carolina-29464/

2389 Kings Gate Ln (Dunes West)… this could also be considered a short term investment.

http://www.seaydevelopment.idxbroker.com/idx/details/listing/b051/1425051/2389-Kings-Gate-Lane

 

All properties can be viewed at http://www.seaydevelopment.idxbroker.com/idx/featured or at http://www.SeayDevelopment.com

You can also search both Commercial and Residential Real Estate for Sale at http://www.SeayDevelopment.com

Seay Development… Striving for Excellence Daily.  My clients expect exposure… I make sure they get it.  Commercial & Residential Real Estate and Business Brokerage Services.

Free REALTOR Home Valuations if you text (843-364-6720) or email (david@seaydevelopment.com) your property address.

#Hustle4Ever

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s