Finally some good news! Through the first two months of 2010, Mt. Pleasant homes sold at a faster pace than the same period in 2009. A total of 147 homes sold in Mt. Pleasant in January and February, up from 115 sales in 2009. Single family home sales are up 31% while sales of condos are up 19%. Clearly, there are more buyers are in the market right now than we had last year. This is a very positive sign as we head into the traditional “spring selling season”.
Through most of 2009, sales of condos in the Mount Pleasant real estate market were down significantly. However, the 4th quarter of the year produced 97 condo sales, which is the highest number of sales since the 3rd quarter of 2008. It’s a little early to suggest that this signifies a major shift in the market, but it is a flicker of hope for sellers that have been trying to sell their condos. There is still a long way to go before we see a “balanced” market, but there are finally some signs of life for the condo market in Mt. Pleasant.
Chuck Avera