Price and Condition – Two Most Important Factors in Selling Your Mount Pleasant Home…
There are so many factors that come into play when selling your Mount Pleasant home, but the two most important elements in any home sale are PRICE and CONDITION. Pricing your home correctly is critical to getting your home sold in a reasonable time frame (60-90 days). A bad pricing strategy at the beginning can have a devastating impact on how much you ultimately receive for the home. I will focus on pricing strategies in an upcoming post. But today, I want to address CONDITION…. Continue reading
Since the Mount Pleasant real estate market peaked in 2005, sellers starting to receive a lower percentage of their original asking price for their Mount Pleasant homes. In May, 2005, sellers were receiving 99.1% of their original asking price at closing. This percentage steadily began to drop and bottomed out at an average of 88.2% in September, 2009….
As you can see from the chart above, the trend started to reverse in early 2010 and sellers are now receiving an average of 92.4% of their original asking price at closing.
So what is next for our market? Stay tuned to this page for regular updates on the trends in the Mount Pleasant real estate market.
Please give us a call if you have any questions about this post or need other specifics about the Mount Pleasant real estate market. If you are thinking of selling, please contact us to get a market analysis for your home and to learn more about our marketing programs.
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. Continue reading
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… Continue reading
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. Continue reading
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. Continue reading