May is Blooming and Booming
Isn’t this grand! It is the first week of May. Temps are getting up to 80 degrees, the birds are chirping, the fish are jumping, my tomato plants are growing leaps and bounds.
Good news in the local real estate market, too. Comparing the first 4 months of 2009 with the first 4 months of 2010 – well, there is no comparison. With the exception of Sullivans Island, most of the Charleston area that I track saw the number of home and villa sales increase from 19-55%. Seabrook and Kiawah were up 50%, Wild Dunes was up 55%, Isle of Palms was up 30%, downtown Charleston was up 24%, Mt Pleasant was up 19%, and Daniel Island was up 24%. Inventory is moving.
Now, PRICES. They are, as you might expect, all over the map. Wild Dunes’ sales prices were down 15%, Isle of Palms’ prices were up 19%, Sullivans Island prices were down 14%, Seabrook and Kiawah prices were up 4%, Mt Pleasant prices were down 1%, Daniel Island prices were up 22% and downtown Charleston prices were down 29%.
So, to summarize, the number of sales were up, while in most areas the average sales price was down – compared to the same time frame as last year. Keep in mind this is an average of all properties, villas, condos and single family homes. I did not have land sales in the mix.
If you have a question about any of the information, please give me a call or shoot me an email.
Betty Poore (firstname.lastname@example.org 843.442.1889)