I’On Real Estate Update

The I’On real estate market continues to be very strong in 2015.  Prices are still creeping up which is still very good news if you are thinking of selling your I’On home!  While the number of homes that have sold this year has decreased from last year, the average sales price has increased from 2014. Sold homes are also receiving on average 95% of their asking price. Here are some key data points from this year so far:

2015 YTD:

  • I’On Homes Sold – 40
  • Median Price for Homes Sold – $996,806
  • Average Selling Price/Square Foot – $307
  • Average Days on Market – 110Screen Shot 2015-08-11 at 2.26.09 PM

I’On’s selling price per square foot has always outpaced North and South Mt. Pleasant and it continues to do so! This trend shows the continued desirability of owning and living in the I’On community. In addition, there are currently 10 I’On homes that are under contract or pending closing that range in price from $549,000 to $1,749,000.  If you would like additional information on I’On home sales so far this year, please click here.

Current Inventory

Today, there are 26 homes for sale in I’On.  This is fairly consistent with the number of homes that were on the market last August.  Inventory usually climbs during the summer months, so this number of homes for sale is not unusual.  With an average of only 5 months worth of supply for the I’On market, we remain in a strong seller’s market. However, homes priced above $1M tend to have closer to 7 months of supply which does not favor the buyer or the seller in a significant way. Below are some details on the I’On homes for sale:
  • Homes for sale – 26
  • Median Asking Price – $1,270,000
  • Asking Price/Square Foot – $332
  • Average Days on Market – 138

Thinking of Selling, or Have Questions?  Call Us!

Please give us a call if you have any questions about this post.  If you are thinking of selling, please contact us to learn more about my marketing program for your home.  We have sold dozens of homes in I’On over the years and have an intimate knowledge of this community, what buyers are looking for, and how to get your home sold.

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