The spring of the year always brings a surge of new activity to the Mount Pleasant real estate market so it is no surprise when the statistics show that more homes are selling.  However, this spring is shaping up to be very special for Mount Pleasant home sellers!

Mount Pleasant Home Sales Up Significantly in March and April

During March and April, there have been 306 Single Family homes go under contract in Mt. Pleasant.  This is a 49% increase over the same period last year!!  In the condo/townhome market, the news is even better…..109 condos/townhomes have gone under contract during the last two months.  This is a 73% increase over the same period last year!!  The recovery of the condo/townhome market has been lagging the single family home market for some time….This could be a sign that the recovery for this segment is finally underway. (more…)

Spring is typically the busiest time of the year in the I’On real estate market and this year is no exception.  Since March 1st, the I’On market has been extremely active, both in terms of new listings coming on the market and homes that are going under contract.  There have been 25 homes come on the market in I’On during this period. and 14 homes have gone under contract.  Currently, we have 46 I’On homes on the market, ranging in price from $479,000 to $2M. (more…)

Through the first seven weeks of 2012, the Mount Pleasant real estate market for single family homes is continuing to show signs of recovery while the market for condos and townhomes continues to struggle.  Below is a comparison of YTD performance in 3 key categories and the percentage increase or decrease from the same period last year:

Mount Pleasant Single Family Homes:

• Number of Homes Sold YTD – 100 – up 4.2%
• Median Price of Homes Sold – $341,500 – up 1.9%
• Average Selling Price/Square Foot – $155 – up 5.8%

Mount Pleasant Condos and Townhomes:

• Number of Homes Sold YTD – 32 – up 3.2%
• Median Price of Homes Sold – $124,000 – down 16.5%
• Average Selling Price/Square Foot – $116 – down 5.8%

Mount Pleasant Sellers Now Receiving 92% of Asking Price at Closing… (more…)

The I’On real estate market is off to a rather fast start this year.  Since January 1st, there have been 5 I’On homes go under contract.  Below is a list of these homes with the last asking price for each.  The sold price will be available once the properties close:

• 138 Ionsborough Street – $789,000 ($242/square foot)
• 70 Hospitality – $799,000 ($208/square foot)
• 62 Eastlake – $1,250,000 ($305/square foot)
• 15 Robert Mills – $1,275,000 ($255/square foot)
• 8 Edenton – $599,000 ($272/square foot)

In addition to these recent contracts, 2 homes have closed since January 1st.  Below is the selling price for each along with the sold price/square foot:

• 139 Ionsborough Street – $837,500 ($234/square foot)
• 143 Ionsborough Street – $600,000 ($201/square foot)

To see details on all I’On homes that have sold in the last 12 months, click here. (more…)

During the last couple of months, the Mount Pleasant real estate market for single family homes has continued to show improvement in most price segments, particularly when we look at the trends in available inventory.  Based on the number of homes sold during the last 12 months and the current number of homes on the market, we currently have 5.7 months of available inventory in the Mount Pleasant single family home market.  This is down from 6.2 months of inventory in early November. (more…)

Another year has passed in the I’On real estate market and there is much to update you on as we move into the new year.  But before we talk too much about 2012, let’s review last year’s activity and make some comparisons to 2010 and prior years….. (more…)

The last 35 days have been very active for the I’On real estate market!  Since my last update on November 2nd, there have been 10 homes go under contract in I’On.  This is quite unusual for this time of year, but certainly a breath of fresh air for sellers!!  This activity has also resulted in inventory levels that are now at their lowest in several years.  More on that a little later in this post….

(more…)

A lot of homes are being sold in the Mount Pleasant real estate market, particularly those priced below $500,000.  Some neighborhoods have even seen increases in prices over 2010.  For example, the median price of homes sold in Park West this year is up 3% over 2010.  This is reflective of some stabilization in the market, particularly for homes priced below $500,000. (more…)

The I’On real estate market has been relatively stable this year compared to the same period in 2010.  Through October 31st, sales of I’On homes are down slightly from last year, but prices (in terms of selling price per square foot) are relatively stable compared to 2010:

(more…)

The I’On real estate market continues on a fairly steady pace this summer.  Since my last report to you on June 20th, there have been 3 additional I’On home sales:

• 19 Saturday Road – $1,050,000 – $230/square foot
• 71 Robert Mills Circle – $699,000 – $309/square/foot
• 50 Serendipity – $665,000 – $233/square foot

In addition, four more I’On homes have gone under contract since my last report. These homes have not yet closed, so the prices you see for each are the asking prices:

• 31 Mises Street – $409,900 – $332/square foot
• 54 Joggling Street – $419,000 – $255/square foot
• 195 Ionsborough – $549,000 – $297/square foot
• 12 LeeAnne Lane – $699,000 – $222/square foot

(more…)