Closed Sales and Average Sales Price Increase on Daniel Island

The total number of closed sales and the average sales price on single family homes has increased on Daniel Island when compared to March 2011, median sales price has also increased slightly.

** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the

6 months used in a dot are proportioned according to their share of sales during that period. All data from the

Charleston Trident Association of REALTORS®.  Sponsored by South Carolina REALTORS®.

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Consult your agent for market specifics.

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Not to be missed in West Ashley. Extremely close to MUSC, College of Charleston, and Charleston School of Law. Located perfectly a few minutes from Historic Charleston and very close to I-25 and I-526. Perfect to live in or a great investment.

Market Update for Historic Charleston, South Carolina

March 2011 Market Update for Historic Charleston, South Carolina

(Property Sales South of Highway 17)

The number of new listings coming on to the market is down, the number of closings are up, and inventory is declining.

Sales Up in the Tri-County Area

Residential Real Estate Sales Up as Spring Buying Season Takes Off

Sales volume up 19% from one year ago

According to preliminary data released by the Charleston Trident Association of REALTORS® (CTAR) 824 homes sold at a median price of $176,825 in March. Sales volume is 19% higher this March and median price is within 4% of where it was a year ago. Preliminary figures for March 2010 showed 691 homes sold at a median price of $185,000. In the last month, sales volume has increased almost 50% and prices climbed 8%.

"Showing such strong sales volume this early in the season is an excellent indicator that potential buyers are recognizing the opportunity and taking advantage of our region’s selection of well-priced homes. We anticipate a busy buying season, and as buyer demand increases, prices should follow suit—particularly as we continue to work through the inventory of distressed properties" said 2011 CTAR President Rob Woodul.

There were 8,663 homes listed as actively for sale with the Charleston Trident Multiple Listing Service as of March 31, 2011.

BERKELEY COUNTY
187 homes sold at a median price of $164,910 in March. These figures represent 29% sales growth and a slight (1%) uptick in prices over March of last year.

CHARLESTON COUNTY
435 homes sold at a median price of $222,000 in Charleston County in March. While sales volume increased about 15%, prices are down about 10% when compared to March of last year.

DORCHESTER COUNTY
165 homes sold at a median price of $154,500 in Dorchester County. This reflects a 16% increase in sales volume and 4% growth in prices as compared to last March.