Mt Pleasant's Seaside Farms Real Estate Report 2009
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2008 / 2009
www.gfcharleston.com
FEBRUARY 2009
© 2009 Gooden + Faircloth Real Estate Services
© 2009 Gooden + Faircloth Real Estate Services
Seaside Farms Real Estate Report FEBRUARY 2009 My family’s restaurant, Crave Kitchen and Cocktails, is located in the Shoppes of Seaside Farms. This provides me extra visibility into and interest in this wonderful and varied neighborhood area. Seaside Farms is an area in which I have lived and deeply appreciated for several years. I’m confident you’ll find this report, prepared by the Gooden + Faircloth Real Estate Services team, a clearly prepared snapshot of exactly what has occurred in Seaside Farms over the past year and what is occurring right now. For reporting clarity, we have divided Seaside Farms into Cathedral Oaks, Magnolia Woods, Long Grove and Windward/Marias Condominiums and Townhomes. Most data for the report has been extracted from the Charleston Trident Multiple Listing Service. I welcome your questions or contact with our group. Thank you. Rebecca Gooden, Broker / Partner 843.822.0131 [email protected] www.gfcharleston.com
© 2009 Gooden + Faircloth Real Estate Services
Seaside Farms Real Estate Report Summary
During 2008, 36 home sales ( excluding For Sale By Owners ) occurred in the combined neighborhoods of Seaside Farms. The average sale price in Magnolia Woods was $ 413,264, Cathedral Oaks $963,400, Long Grove $198,187 and Windward / Marais $ 417,644. The highest priced home sold in Seaside over the past 12 months was 1712 Canyon Oaks Drive which sold for $1,175,000 or $ 285 per square foot. The highest current listing in Seaside Farms is $ 1,495,000 for 1708 Canyon Oaks Dr ( $ 305 per square foot ). 1708 Canyon Oaks has been on the market for 133 days. Over the past 12 months, homes remained on the market an average of 127 days in Magnolia Woods, 292 days in Cathedral Oaks, 142 in Long Grove and 207 days in Windward / Marais. As of February 14, 2009 there are a total of 16 single family homes on the market in Seaside Farms ( non FSBO ) and 36 condominiums and townhomes. Homes listed in Magnolia Woods average $182 per square foot, $262 in Cathedral Oaks, $207 in Long Grove and $231 in Windward / Marais.
© 2009 Gooden + Faircloth Real Estate Services
Magnolia Woods: Home Sales JANUARY 1, 2008 - DECEMBER 31, 2008 Details include: Home address, original list price, final list price, price home sold for, date of close, square footage of home, price per square foot, days on market and cumulative days on market. Data does not include For Sale By Owner transactions.
HOME ADDRESS
1231 Wild Olive 1332 Wild Olive 1364 Southern Magnolia 2504 Bent Tree 2644 Magnonlia Woods 2377 Cross Timbers 1517 Carolina Jasmine 1268 Palmetto Peninsula 1397 Southern Magnolia 2245 Magnolia Meadows 1385 Soutern Magnolia 1291 Palmetto Peninsula 1295 Palmetto Peninsula 2274 Magnolia Meadows Average
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQUARE FEET
PRICE PER SQ FOOT
DOM
$369,900
$298,350
$290,000
10/24/08
1,938
$150
93
$359,900
$346,500
$330,000
5/27/08
1,651
$200
194
$399,000
$399,000
$360,000
11/14/08
2,265
$159
60
$389,900
$389,900
$370,000
11/20/08
2,675
$138
8
$415,000
$415,000
$384,496
11/7/08
2,687
$143
31
$519,900
$424,900
$396,000
10/27/08
2,827
$140
248
$499,850
$419,850
$400,200
10/16/08
2,711
$148
132
$500,000
$435,000
$410,000
9/17/08
2,300
$178
218
$455,900
$455,900
$430,000
1/11/08
3,059
$141
35
$564,000
$479,000
$440,000
10/22/08
2,873
$153
365
$465,000
$465,000
$446,000
6/30/08
2,270
$196
48
$538,900
$497,500
$480,000
6/27/08
2,675
$179
122
$580,000
$519,900
$515,000
11/12/08
3,172
$162
171
$564,000
$564,000
$534,000
5/12/08
3,338
$160
47
$472,946
$436,414
$413,264
$161
127
© 2009 Gooden + Faircloth Real Estate Services
Magnolia Woods: Summary Sales & Listings MAGNOLIA WOODS HOMES SOLD SUMMARY The table below summarizes home sales for 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot and average DOM.
# OF HOME SOLD
Jan 1 Dec 31, 2008
14
AVG ORIGINAL LIST PRICE
AVG FINAL LIST PRICE
AVG SOLD PRICE
$472,946 $436,414 $413,264
AVG % SOLD / ORIG LIST $
AVG % SOLD / FINAL LIST $
AVG ORIG LIST $ / SQ FT
95%
$184
88%
AVG SOLD $ / SQ FT
$161
AVG DOM
127
CURRENT MAGNOLIA WOODS LISTINGS - SUMMARY The table below provides the following information: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of February 15, 2009, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
Jan 22, 2009
NUMBER OF HOUSES LISTED
9
AVERAGE ORIGINAL LIST PRICE
$501,833
© 2009 Gooden + Faircloth Real Estate Services
AVERAGE CURRENT LIST PRICE
$481,920
AVERAGE ORIGINAL LIST PRICE / SQ FOOT
$189
AVERAGE CURRENT PRICE / SQ FOOT
$182
Magnolia Woods: Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS as of February 14, 2008. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date, and days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PRICE PER SQ FOOT
LIST DATE
DOM
2669 Magnolia Woods Dr
$579,400
$579,400
2,816
$206
6/23/08
199
2691 Magnolia Woods Dr
$749,900
$699,900
3,596
$195
9/18/08
307
2390 Cross Timbers Dr
$398,200
$395,980
2,156
$184
10/22/2008
90
2605 Magnolia Woods Dr
$425,000
$399,000
2,378
$168
10/4/2008
108
1289 Wisteria Wall Dr
$465,000
$439,000
2,435
$180
4/28/2008
250
1235 Palmetto Peninsula Dr
$490,000
$430,000
2,840
$151
7/22/2008
183
2533 Bent Tree Lane
$450,000
$440,000
2,258
$195
7/30/2008
174
1361 Southern Magnolia
$499,000
$499,000
2,675
$187
8/26/2008
149
2624 Magnolia Woods Dr
$460,000
$455,000
2,675
$170
9/15/2008
122
Average
$501,833
$481,920
© 2009 Gooden + Faircloth Real Estate Services
$182
176
Magnolia Woods: By Month Sales & Inventory JANUARY 1, 2008 - DECEMBER 31, 2008 The table below lists, by month, home sales in Magnolia Woods from January ’08 through December ’08. Details include: number of homes sold during month, average list price, average sale price, average price per square foot, median price, average days on market, sold price percent of list price, number of homes which were on the market that month and the number of months it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.
MONTH YEAR
TOTAL SALES
AVG LIST PRICE
Jan-08
1
Feb-08
0
0
Mar-08
0
Apr-08
0
May-08
2
Jun-08
AVG SALE PRICE
$455,900 $430,000
AVG PRICE PER SQ FOOT
MEDIAN PRICE OF ALL SOLD
AVG DAYS ON MARKET
% SOLD / LIST
HOMES ON MARKET
# MONTHS INVENTORY *
$141
$430,000
35
94%
17
17
0
0
0
0
0%
21
0
0
0
0
0
0
0%
24
0
0
0
0
0
0
0%
23
0
$455,250 $432,000
$180
$432,000
120
95%
24
12
2
$481,250 $463,000
$187
$463,000
85
96%
21
11
Jul-08
1
$850,000 $670,000
$173
$670,000
228
79%
24
24
Aug-08
0
0
0
0
0%
26
0
Sep-08
1
$435,000 $410,000
$178
$410,000
218
94%
28
28
Oct-08
4
$405,525 $381,550
$147
$398,100
209
94%
23
6
Nov-08
4
$430,950 $407,374
$150
$377,248
67
95%
20
5
Dec-08
0
0
0
0
0%
18
0
Annual
15
161
$410,000
133
93%
22
11
0
0
0
0
$463,986 $430,379
Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale.
© 2009 Gooden + Faircloth Real Estate Services
Cathedral Oaks Home Sales JANUARY 1, 2008 - DECEMBER 31, 2008 The table below lists all homes sold in Cathedral Oaks during the 12 months of 2008 ( does not FSBO ). Details include: Home address, original list price, final list price, price home sold for, date of close, square footage of home, price per square foot, and days on market.
HONE ADDRESS
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQUARE FEET
ORIGINAL LIST $ / SQ FT
SOLD PRICE PER SQ FOOT
DOM
1729 Canyon Oaks Dr
$949,000
$850,000
$670,000
7/31/2008
3,862
$246
$173
228
1745 Canyon Oaks Dr
$990,000
$820,000
$797,000
11/13/2008
3,950
$251
$202
414
1732 Canyon Oaks Dr
$1,250,000
$1,195,000
$1,025,000
5/23/2008
4,238
$295
$242
298
2405 Majestic Roses
$2,000,000
$1,350,000
$1,150,000
9/23/2008
4,086
$489
$281
317
1712 Canyon Oaks Dr
$1,492,000
$1,299,000
$1,175,000
4/18/2008
4,125
$362
$285
204
Average
$1,336,200
$1,102,800
$963,400
$236
292
© 2009 Gooden + Faircloth Real Estate Services
Cathedral Oaks: Summary Sales & Listings CATHEDRAL OAKS SOLD HOMES SUMMARY The table below summarizes home sales for both the past 12 months and the first 9 months of 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot, average DOM, average CDOM.
# HOMES SOLD
Jan 1 Dec 31, 2008
5
AVG ORIGINAL LIST PRICE
AVG FINAL LIST PRICE
AVG SOLD PRICE
$1,336,200 $1,102,800 $963,400
AVG % SOLD / ORIGINAL LIST $
72%
AVG % SOLD / FINAL LIST PRICE
87%
AVG ORIGINAL LIST PRICE / SQ FT
AVG SOLD PRICE / SQ FT
$329
$237
AVG DOM
292
CURRENT CATHEDRAL OAKS LISTINGS - SUMMARY The table below summarizes: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of February 14, 2008, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
Jan 21, 2009
NUMBER OF HOMES LISTED
7
© 2009 Gooden + Faircloth Real Estate Services
AVERAGE ORIGINAL LIST PRICE
$1,093,453
AVERAGE CURRENT LIST PRICE
$999,705
AVERAGE CURRENT PRICE / SQ FOOT
$262
Cathedral Oaks: Current Listings CURRENTLY ON THE MARKET The table below lists details for those homes currently listed on the Charleston Trident MLS as of February 14, 2008. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date, days on market and cumulative days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PRICE PER SQ FOOT
LIST DATE
DOM
1769 Canyon Oaks Dr
$979,703
$749,470
3,550
$211
5/4/07
628
1669 Canyon Oaks Dr
$1,295,000
$1,049,000
3,550
$295
10/11/07
451
2683 Magnolia Woods Dr
$875,000
$785,000
3,700
$212
2/19/08
337
2109 Cape Jasmine Crt
$949,470
$949,470
3,472
$273
7/10/08
195
1717 Canyon Oaks Dr
$825,000
$775,000
3,136
$247
8/1/08
173
1708 Canyon Oaks Dr
$1,535,000
$1,495,000
4,900
$305
9/8/08
133
2404 Majestic Roses Ct
$1,195,000
$1,195,000
4,102
$291
9/16/08
127
Average
$1,093,453
$999,705
© 2009 Gooden + Faircloth Real Estate Services
$262
292
Cathedral Oaks: Monthly Sales & Inventory JANUARY 1, 2008 - DECEMBER 31, 2008 Details include: number of homes sold during month, average list price, average sale price, average price per square foot, median price, average days on market, sold price percent of list price, number of homes which were on the market that month and the number of months it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.
AVERAGE DAYS ON MARKET
% SOLD PRICE / LIST PRICE
CURRENT INVENTORY
0
0%
13
0
0
0
0%
13
0
0
0
0
0%
15
0
$1,299,000 $1,175,000
$285
$1,175,000
204
90%
13
13
$1,195,000 $1,025,000
$242
$1,025,000
298
86%
12
12
0
0
0
0
0%
10
0
0
0
0
0
0
0%
11
0
0
0
0
0
0
0%
11
0
$281
$1,150,000
317
85%
9
9
0
0
0
0
0%
10
0
$820,000
$797,000
$202
$797,000
414
97%
10
10
0
0
0
0
0
0%
8
0
252
$1,087,500
308
89%
11
11
AVERAGE LIST PRICE
AVERAGE SALE PRICE
AVERAGE PRICE PER SQ FT
MONTH YEAR
HOMES SOLD
Jan-08
0
0
0
0
0
Feb-08
0
0
0
0
Mar-08
0
0
0
Apr-08
1
May-08
1
Jun-08
0
0
Jul-08
0
Aug-08
0
Sep-08
1
Oct-08
0
0
Nov-08
1
Dec-08
0
Annual
4
$1,350,000 $1,150,000
$1,166,000 $1,036,750
MEDIAN SOLD PRICE
MONTH’S INVENTORY
Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale.
© 2009 Gooden + Faircloth Real Estate Services
Seaside Farms Condominium & Townhomes Long Grove, Windward and Marais Sales 2008 JANUARY 1, 2008 - DECEMBER 31, 2008 The table below lists condominium and townhomes sold in Seaside Farms over the 12 months of 2008 ( does not include property sold by owner ). Details include: Home address, original list price, final list price, price home sold for, date of close, square footage of home, price per square foot, and days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQ FEET
PRICE PER SQUARE FOOT
DOM
1543 Sea Palms Cres Marais
$575,000
$560,000
$520,500
2/15/08
1,780
$292
253
1508 Dutch Iris Ct Marais
$474,900
$459,500
$445,000
3/7/08
2,016
$221
146
1505 Soliel Ct Marais
$399,900
$399,900
$380,000
4/3/08
1,570
$242
23
1520 Sea Palms Cres Marais
$459,999
$459,999
$444,000
6/2/08
2,052
$216
29
1500 Sea Palms Cres Marais
$459,900
$449,900
$410,000
6/27/08
1,760
$233
255
306 Windward Pt Windward
$489,000
$399,000
$380,000
8/27/08
1,629
$233
707
1709 Long Grove Dr Marais
$430,000
$430,000
$420,000
9/17/08
1,876
$224
81
1525 Sea Palms Cres Marais
$429,900
$429,900
$395,000
9/19/08
1,752
$225
16
1505 Dutch Iris Ct Marais
$425,000
$375,000
$364,300
11/10/08
1,880
$194
355
1600 Long Grove Dr Long Grove
$189,900
$184,000
$170,500
4/25/08
780
$219
158
1600 Long Grove Dr Long Grove
$219,900
$199,900
$184,000
6/5/08
1,265
$145
84
1600 Long Grove Dr Long Grove
$218,000
$199,000
$184,000
8/28/08
1,200
$153
74
1600 Long Grove Dr Long Grove
$202,000
$198,900
$185,000
8/11/08
860
$215
185
1600 Long Grove Dr Long Grove
$209,500
$209,500
$189,000
10/3/08
1,049
$180
164
1600 Long Grove Dr Long Grove
$234,900
$234,900
$218,000
8/28/08
1,200
$182
62
1600 Long Grove Dr Long Grove
$245,000
$239,500
$225,000
8/22/08
1,197
$188
318
1600 Long Grove Dr Long Grove
$239,900
$239,900
$230,000
10/15/08
1,200
$192
88
© 2009 Gooden + Faircloth Real Estate Services
Windward and Marais SOLD SUMMARY The table below summarizes home sales for both the past 12 months and the first 9 months of 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot, average DOM, average CDOM.
# OF HOMES SOLD
Jan 1 Dec 31, 2008
9
AVG ORIGINAL LIST PRICE
AVG FINAL LIST PRICE
AVG SOLD PRICE
$460,400 $440,355 $417,644
AVG % SOLD / ORIGINAL LIST PRICE
91%
AVG % SOLD / FINAL LIST PRICE
AVG ORIGINAL LIST $ / SQ FT
AVG SOLD PRICE / SQ FOOT
% SOLD PRICE SQ FT / ORIGINAL LIST PRICE SQUARE FOOT
$256
$231
90%
95%
AVG DOM
207
LISTINGS SUMMARY The table below provides: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of February 14, 2008, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
Feb 14, 2009
NUMBER OF HOMES LISTED
10
AVERAGE ORIGINAL LIST PRICE
AVERAGE CURRENT LIST PRICE
AVERAGE ORIGINAL LIST PRICE / SQ FT
AVERAGE CURRENT PRICE / SQ FOOT
$421,470
$407,320
$239
$231
© 2009 Gooden + Faircloth Real Estate Services
Windward and Marais Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date and days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PJRICE PER SQUARE FOOT
LIST DATE
DOM
1509 Soliel Ct Marais
$380,000
$359,000
1880
$191
9/23/08
144
1516 Trumpet Vine Ct Marais
$395,000
$364,500
1880
$194
5/5/08
282
1921 Grandview Ct Marais
$375,000
$375,000
1576
$238
12/21/08
55
1912 English Ivy Ct Marais
$378,000
$378,000
1576
$240
11/19/08
85
$394,900
$394,900
1,880
$210
12/27/08
49
105 Winward Point Windward
$499,000
$409,000
1,659
$247
4/11/07
671
303 Long Grove Dr Windward
$429,000
$429,000
1,629
$263
1/8/09
37
1504 Trumpet Vine Ct Marais
$434,900
$434,900
1,760
$247
1/22/09
23
1517 Sea Palms Cres Marais
$459,900
$459,900
2,008
$229
2/9/09
3
1547 Sea Palms Cres Marais
$469,000
$469,000
1,880
$249
1/15/09
29
1904 English Ivy Ct Marais
* As of February 15, 2009
© 2009 Gooden + Faircloth Real Estate Services
Windward and Marais Monthly Sales and Inventory 2008 The table below lists by month, home sales from January 1, 2008 through December 31, 2008. Details include: number of homes sold during month, average list price, average sale price, average price per square foot, median price, average days on market, sold price percent of list price, number of homes which were on the market that month and the number of months it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.
AVERAGE PRICE PER SQUARE FOOT
% SOLD / LIST PRICE
0
0
0%
17
0
$560,000 $520,500 $520,500
253
$292
93%
15
15
1
$459,500 $445,000 $445,000
146
$221
97%
15
15
Apr-08
1
$399,900 $380,000 $380,000
23
$242
95%
13
13
May-08
0
0
0
0%
13
0
Jun-08
2
142
$224
94%
12
6
Jul-08
0
0
0
0%
11
0
Aug-08
1
$399,000 $380,000 $380,000
707
$233
95%
11
11
Sep-08
2
$429,950 $407,500 $407,500
48
$224
95%
8
4
Oct-08
0
0
0
0%
9
0
Nov-08
1
355
$194
97%
8
8
Dec-08
0
0
0
0%
8
0
Annual
9
207
231
95%
12
16
MONTH YEAR
TOTAL SALES
Jan-08
0
Feb-08
1
Mar-08
AVERAGE LIST PRICE
0
0
AVERAGE SALE PRICE
0
0
MEDIAN PRICE OF ALL SOLD
0
0
$454,949 $427,000 $427,000 0
0
0
0
0
0
$375,000 $364,300 $364,300 0
0
0
$440,355 $417,644 $410,000
AVERAGE DAYS ON MARKET
HOMES ON MARKET
# MONTHS INVENTORY*
* Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale. © 2009 Gooden + Faircloth Real Estate Services
Long Grove SOLD SUMMARY The table below summarizes home sales for the 12 months of 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot and average DOM..
NUMBER HOMES SOLD
Jan 01 Dec 31, 2008
8
AVERAGE ORIGINAL LIST PRICE
AVERAGE FINAL LIST PRICE
AVERAGE SOLD PRICE
AVERAGE % SOLD / ORIGINAL LIST PRICE
$219,887.50 $213,200.00 $198,187.5090%
AVERAGE % SOLD/ FINAL LISTING PRICE
AVERAGE ORIGINAL LIST PRICE / SQ FOOT
AVERAGE SOLD PRICE / SQ FOOT
% SOLD PRICE SQ FT / ORIGINAL LIST PRICE SQ FOOT
AVERAGE DAYS ON MARKET
93%
$204
$184
90%
142
LISTINGS SUMMARY The table above provides the following information: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of September 30th, 2008, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
NUMBER OF HOME CURRENTLY LISTED
AVERAGE ORIGINAL LIST PRICE
Feb 14, 2009
26
$229,246
© 2009 Gooden + Faircloth Real Estate Services
CURRENT LIST PRICE
$213,573
AVERAGE ORIGINAL LIST PRICE / SQ FT
AVERAGE CURRENT PRICE / SQ FOOT
$223
$207
Long Grove Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS as of February 14, 2009. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date and days on market. HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PJRICE PER SQUARE FOOT
LIST DATE
DOM
1600 Long Grove Dr
$149,000
$149,000
855
$174
1/27/09
18
1600 Long Grove Dr
$140,000
$150,000
824
$182
7/21/08
141
1600 Long Grove Dr
$218,000
$160,000
855
$187
2/14/08
366
1600 Long Grove Dr
$171,000
$164,000
1,082
$152
1/2/09
43
1600 Long Grove Dr
$175,000
$165,000
786
$210
12/16/08
59
1600 Long Grove Dr
$194,000
$175,000
786
$223
3/26/07
682
1600 Long Grove Dr
$199,000
$179,000
855
$209
10/8/08
129
1600 Long Grove Dr
$247,900
$181,900
855
$213
4/4/06
893
1600 Long Grove Dr
$197,000
$184,000
1,040
$177
11/18/08
87
1600 Long Grove Dr
$198,000
$198,000
1,049
$189
12/22/08
54
1600 Long Grove Dr
$240,000
$209,500
860
$244
2/22/08
358
1600 Long Grove Dr
$219,900
$209,900
1,049
$200
8/11/08
186
1600 Long Grove Dr
$235,000
$225,000
1,197
$188
5/21/08
269
1600 Long Grove Dr
$229,500
$229,500
1,200
$191
9/13/08
152
1600 Long Grove Dr
$229,500
$229,500
1,040
$221
1/7/09
38
1600 Long Grove Dr
$267,900
$233,000
1,040
$224
9/25/06
870
1600 Long Grove Dr
$243,900
$234,900
1,200
$196
10/24/07
472
1600 Long Grove Dr
$234,900
$234,900
1,200
$196
9/10/08
157
1600 Long Grove Dr
$294,900
$238,900
1,200
$199
3/31/07
686
1600 Long Grove Dr
$239,000
$239,000
1,040
$230
1/24/09
19
1600 Long Grove Dr
$312,000
$248,000
1,200
$207
1/9/06
1074
1600 Long Grove Dr
$265,000
$249,000
1,197
$208
9/19/08
145
1600 Long Grove Dr
$249,000
$249,000
1,265
$197
9/3/08
164
1600 Long Grove Dr
$250,000
$250,000
1,120
$223
11/21/08
82
1600 Long Grove Dr
$267,000
$267,000
1,040
$257
2/14/08
365
1600 Long Grove Dr
$294,000
$299,900
1,040
$288
12/30/05
1139
Average
$229,246
$213,573
© 2009 Gooden + Faircloth Real Estate Services
$207
333
Long Grove Monthly Sales and Inventory 2008 JANUARY 1, 2008 - DECEMBER 31, 2008
AVERAGE LIST PRICE
AVERAGE SALE PRICE
MEDIAN PRICE OF ALL SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
# MONTH’S INVENTORY
TOTAL SALES
Jan-08
0
0
0
0
0
0
0%
15
0
Feb-08
0
0
0
0
0
0
0%
23
0
Mar-08
0
0
0
0
0
0
0%
24
0
Apr-08
1
158
$219
93%
24
24
May-08
0
0
0
0%
24
0
Jun-08
1
84
$145
92%
25
25
Jul-08
0
0
0
0%
26
0
Aug-08
4
159
$184
93%
24
6
Sep-08
0
0
0
0%
23
0
Oct-08
2
126
$186
93%
19
9.5
Nov-08
0
0
0
0
0
0
0%
18
0
Dec-08
0
0
0
0
0
0
0%
18
0
Annual
8
141
184
93%
22
33
$184,000 $170,500 $170,500 0
0
0
$199,900 $184,000 $184,000 0
0
0
$218,075 $203,000 $201,500 0
0
0
$224,700 $209,500 $209,500
$213,200 $198,187 $187,000
© 2009 Gooden + Faircloth Real Estate Services
% SOLD / LIST
HOMES ON MARKET
MONTH YEAR
www.gfcharleston.com
FEBRUARY 2009
© 2009 Gooden + Faircloth Real Estate Services
© 2009 Gooden + Faircloth Real Estate Services
Seaside Farms Real Estate Report FEBRUARY 2009 My family’s restaurant, Crave Kitchen and Cocktails, is located in the Shoppes of Seaside Farms. This provides me extra visibility into and interest in this wonderful and varied neighborhood area. Seaside Farms is an area in which I have lived and deeply appreciated for several years. I’m confident you’ll find this report, prepared by the Gooden + Faircloth Real Estate Services team, a clearly prepared snapshot of exactly what has occurred in Seaside Farms over the past year and what is occurring right now. For reporting clarity, we have divided Seaside Farms into Cathedral Oaks, Magnolia Woods, Long Grove and Windward/Marias Condominiums and Townhomes. Most data for the report has been extracted from the Charleston Trident Multiple Listing Service. I welcome your questions or contact with our group. Thank you. Rebecca Gooden, Broker / Partner 843.822.0131 [email protected] www.gfcharleston.com
© 2009 Gooden + Faircloth Real Estate Services
Seaside Farms Real Estate Report Summary
During 2008, 36 home sales ( excluding For Sale By Owners ) occurred in the combined neighborhoods of Seaside Farms. The average sale price in Magnolia Woods was $ 413,264, Cathedral Oaks $963,400, Long Grove $198,187 and Windward / Marais $ 417,644. The highest priced home sold in Seaside over the past 12 months was 1712 Canyon Oaks Drive which sold for $1,175,000 or $ 285 per square foot. The highest current listing in Seaside Farms is $ 1,495,000 for 1708 Canyon Oaks Dr ( $ 305 per square foot ). 1708 Canyon Oaks has been on the market for 133 days. Over the past 12 months, homes remained on the market an average of 127 days in Magnolia Woods, 292 days in Cathedral Oaks, 142 in Long Grove and 207 days in Windward / Marais. As of February 14, 2009 there are a total of 16 single family homes on the market in Seaside Farms ( non FSBO ) and 36 condominiums and townhomes. Homes listed in Magnolia Woods average $182 per square foot, $262 in Cathedral Oaks, $207 in Long Grove and $231 in Windward / Marais.
© 2009 Gooden + Faircloth Real Estate Services
Magnolia Woods: Home Sales JANUARY 1, 2008 - DECEMBER 31, 2008 Details include: Home address, original list price, final list price, price home sold for, date of close, square footage of home, price per square foot, days on market and cumulative days on market. Data does not include For Sale By Owner transactions.
HOME ADDRESS
1231 Wild Olive 1332 Wild Olive 1364 Southern Magnolia 2504 Bent Tree 2644 Magnonlia Woods 2377 Cross Timbers 1517 Carolina Jasmine 1268 Palmetto Peninsula 1397 Southern Magnolia 2245 Magnolia Meadows 1385 Soutern Magnolia 1291 Palmetto Peninsula 1295 Palmetto Peninsula 2274 Magnolia Meadows Average
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQUARE FEET
PRICE PER SQ FOOT
DOM
$369,900
$298,350
$290,000
10/24/08
1,938
$150
93
$359,900
$346,500
$330,000
5/27/08
1,651
$200
194
$399,000
$399,000
$360,000
11/14/08
2,265
$159
60
$389,900
$389,900
$370,000
11/20/08
2,675
$138
8
$415,000
$415,000
$384,496
11/7/08
2,687
$143
31
$519,900
$424,900
$396,000
10/27/08
2,827
$140
248
$499,850
$419,850
$400,200
10/16/08
2,711
$148
132
$500,000
$435,000
$410,000
9/17/08
2,300
$178
218
$455,900
$455,900
$430,000
1/11/08
3,059
$141
35
$564,000
$479,000
$440,000
10/22/08
2,873
$153
365
$465,000
$465,000
$446,000
6/30/08
2,270
$196
48
$538,900
$497,500
$480,000
6/27/08
2,675
$179
122
$580,000
$519,900
$515,000
11/12/08
3,172
$162
171
$564,000
$564,000
$534,000
5/12/08
3,338
$160
47
$472,946
$436,414
$413,264
$161
127
© 2009 Gooden + Faircloth Real Estate Services
Magnolia Woods: Summary Sales & Listings MAGNOLIA WOODS HOMES SOLD SUMMARY The table below summarizes home sales for 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot and average DOM.
# OF HOME SOLD
Jan 1 Dec 31, 2008
14
AVG ORIGINAL LIST PRICE
AVG FINAL LIST PRICE
AVG SOLD PRICE
$472,946 $436,414 $413,264
AVG % SOLD / ORIG LIST $
AVG % SOLD / FINAL LIST $
AVG ORIG LIST $ / SQ FT
95%
$184
88%
AVG SOLD $ / SQ FT
$161
AVG DOM
127
CURRENT MAGNOLIA WOODS LISTINGS - SUMMARY The table below provides the following information: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of February 15, 2009, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
Jan 22, 2009
NUMBER OF HOUSES LISTED
9
AVERAGE ORIGINAL LIST PRICE
$501,833
© 2009 Gooden + Faircloth Real Estate Services
AVERAGE CURRENT LIST PRICE
$481,920
AVERAGE ORIGINAL LIST PRICE / SQ FOOT
$189
AVERAGE CURRENT PRICE / SQ FOOT
$182
Magnolia Woods: Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS as of February 14, 2008. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date, and days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PRICE PER SQ FOOT
LIST DATE
DOM
2669 Magnolia Woods Dr
$579,400
$579,400
2,816
$206
6/23/08
199
2691 Magnolia Woods Dr
$749,900
$699,900
3,596
$195
9/18/08
307
2390 Cross Timbers Dr
$398,200
$395,980
2,156
$184
10/22/2008
90
2605 Magnolia Woods Dr
$425,000
$399,000
2,378
$168
10/4/2008
108
1289 Wisteria Wall Dr
$465,000
$439,000
2,435
$180
4/28/2008
250
1235 Palmetto Peninsula Dr
$490,000
$430,000
2,840
$151
7/22/2008
183
2533 Bent Tree Lane
$450,000
$440,000
2,258
$195
7/30/2008
174
1361 Southern Magnolia
$499,000
$499,000
2,675
$187
8/26/2008
149
2624 Magnolia Woods Dr
$460,000
$455,000
2,675
$170
9/15/2008
122
Average
$501,833
$481,920
© 2009 Gooden + Faircloth Real Estate Services
$182
176
Magnolia Woods: By Month Sales & Inventory JANUARY 1, 2008 - DECEMBER 31, 2008 The table below lists, by month, home sales in Magnolia Woods from January ’08 through December ’08. Details include: number of homes sold during month, average list price, average sale price, average price per square foot, median price, average days on market, sold price percent of list price, number of homes which were on the market that month and the number of months it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.
MONTH YEAR
TOTAL SALES
AVG LIST PRICE
Jan-08
1
Feb-08
0
0
Mar-08
0
Apr-08
0
May-08
2
Jun-08
AVG SALE PRICE
$455,900 $430,000
AVG PRICE PER SQ FOOT
MEDIAN PRICE OF ALL SOLD
AVG DAYS ON MARKET
% SOLD / LIST
HOMES ON MARKET
# MONTHS INVENTORY *
$141
$430,000
35
94%
17
17
0
0
0
0
0%
21
0
0
0
0
0
0
0%
24
0
0
0
0
0
0
0%
23
0
$455,250 $432,000
$180
$432,000
120
95%
24
12
2
$481,250 $463,000
$187
$463,000
85
96%
21
11
Jul-08
1
$850,000 $670,000
$173
$670,000
228
79%
24
24
Aug-08
0
0
0
0
0%
26
0
Sep-08
1
$435,000 $410,000
$178
$410,000
218
94%
28
28
Oct-08
4
$405,525 $381,550
$147
$398,100
209
94%
23
6
Nov-08
4
$430,950 $407,374
$150
$377,248
67
95%
20
5
Dec-08
0
0
0
0
0%
18
0
Annual
15
161
$410,000
133
93%
22
11
0
0
0
0
$463,986 $430,379
Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale.
© 2009 Gooden + Faircloth Real Estate Services
Cathedral Oaks Home Sales JANUARY 1, 2008 - DECEMBER 31, 2008 The table below lists all homes sold in Cathedral Oaks during the 12 months of 2008 ( does not FSBO ). Details include: Home address, original list price, final list price, price home sold for, date of close, square footage of home, price per square foot, and days on market.
HONE ADDRESS
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQUARE FEET
ORIGINAL LIST $ / SQ FT
SOLD PRICE PER SQ FOOT
DOM
1729 Canyon Oaks Dr
$949,000
$850,000
$670,000
7/31/2008
3,862
$246
$173
228
1745 Canyon Oaks Dr
$990,000
$820,000
$797,000
11/13/2008
3,950
$251
$202
414
1732 Canyon Oaks Dr
$1,250,000
$1,195,000
$1,025,000
5/23/2008
4,238
$295
$242
298
2405 Majestic Roses
$2,000,000
$1,350,000
$1,150,000
9/23/2008
4,086
$489
$281
317
1712 Canyon Oaks Dr
$1,492,000
$1,299,000
$1,175,000
4/18/2008
4,125
$362
$285
204
Average
$1,336,200
$1,102,800
$963,400
$236
292
© 2009 Gooden + Faircloth Real Estate Services
Cathedral Oaks: Summary Sales & Listings CATHEDRAL OAKS SOLD HOMES SUMMARY The table below summarizes home sales for both the past 12 months and the first 9 months of 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot, average DOM, average CDOM.
# HOMES SOLD
Jan 1 Dec 31, 2008
5
AVG ORIGINAL LIST PRICE
AVG FINAL LIST PRICE
AVG SOLD PRICE
$1,336,200 $1,102,800 $963,400
AVG % SOLD / ORIGINAL LIST $
72%
AVG % SOLD / FINAL LIST PRICE
87%
AVG ORIGINAL LIST PRICE / SQ FT
AVG SOLD PRICE / SQ FT
$329
$237
AVG DOM
292
CURRENT CATHEDRAL OAKS LISTINGS - SUMMARY The table below summarizes: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of February 14, 2008, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
Jan 21, 2009
NUMBER OF HOMES LISTED
7
© 2009 Gooden + Faircloth Real Estate Services
AVERAGE ORIGINAL LIST PRICE
$1,093,453
AVERAGE CURRENT LIST PRICE
$999,705
AVERAGE CURRENT PRICE / SQ FOOT
$262
Cathedral Oaks: Current Listings CURRENTLY ON THE MARKET The table below lists details for those homes currently listed on the Charleston Trident MLS as of February 14, 2008. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date, days on market and cumulative days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PRICE PER SQ FOOT
LIST DATE
DOM
1769 Canyon Oaks Dr
$979,703
$749,470
3,550
$211
5/4/07
628
1669 Canyon Oaks Dr
$1,295,000
$1,049,000
3,550
$295
10/11/07
451
2683 Magnolia Woods Dr
$875,000
$785,000
3,700
$212
2/19/08
337
2109 Cape Jasmine Crt
$949,470
$949,470
3,472
$273
7/10/08
195
1717 Canyon Oaks Dr
$825,000
$775,000
3,136
$247
8/1/08
173
1708 Canyon Oaks Dr
$1,535,000
$1,495,000
4,900
$305
9/8/08
133
2404 Majestic Roses Ct
$1,195,000
$1,195,000
4,102
$291
9/16/08
127
Average
$1,093,453
$999,705
© 2009 Gooden + Faircloth Real Estate Services
$262
292
Cathedral Oaks: Monthly Sales & Inventory JANUARY 1, 2008 - DECEMBER 31, 2008 Details include: number of homes sold during month, average list price, average sale price, average price per square foot, median price, average days on market, sold price percent of list price, number of homes which were on the market that month and the number of months it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.
AVERAGE DAYS ON MARKET
% SOLD PRICE / LIST PRICE
CURRENT INVENTORY
0
0%
13
0
0
0
0%
13
0
0
0
0
0%
15
0
$1,299,000 $1,175,000
$285
$1,175,000
204
90%
13
13
$1,195,000 $1,025,000
$242
$1,025,000
298
86%
12
12
0
0
0
0
0%
10
0
0
0
0
0
0
0%
11
0
0
0
0
0
0
0%
11
0
$281
$1,150,000
317
85%
9
9
0
0
0
0
0%
10
0
$820,000
$797,000
$202
$797,000
414
97%
10
10
0
0
0
0
0
0%
8
0
252
$1,087,500
308
89%
11
11
AVERAGE LIST PRICE
AVERAGE SALE PRICE
AVERAGE PRICE PER SQ FT
MONTH YEAR
HOMES SOLD
Jan-08
0
0
0
0
0
Feb-08
0
0
0
0
Mar-08
0
0
0
Apr-08
1
May-08
1
Jun-08
0
0
Jul-08
0
Aug-08
0
Sep-08
1
Oct-08
0
0
Nov-08
1
Dec-08
0
Annual
4
$1,350,000 $1,150,000
$1,166,000 $1,036,750
MEDIAN SOLD PRICE
MONTH’S INVENTORY
Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale.
© 2009 Gooden + Faircloth Real Estate Services
Seaside Farms Condominium & Townhomes Long Grove, Windward and Marais Sales 2008 JANUARY 1, 2008 - DECEMBER 31, 2008 The table below lists condominium and townhomes sold in Seaside Farms over the 12 months of 2008 ( does not include property sold by owner ). Details include: Home address, original list price, final list price, price home sold for, date of close, square footage of home, price per square foot, and days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQ FEET
PRICE PER SQUARE FOOT
DOM
1543 Sea Palms Cres Marais
$575,000
$560,000
$520,500
2/15/08
1,780
$292
253
1508 Dutch Iris Ct Marais
$474,900
$459,500
$445,000
3/7/08
2,016
$221
146
1505 Soliel Ct Marais
$399,900
$399,900
$380,000
4/3/08
1,570
$242
23
1520 Sea Palms Cres Marais
$459,999
$459,999
$444,000
6/2/08
2,052
$216
29
1500 Sea Palms Cres Marais
$459,900
$449,900
$410,000
6/27/08
1,760
$233
255
306 Windward Pt Windward
$489,000
$399,000
$380,000
8/27/08
1,629
$233
707
1709 Long Grove Dr Marais
$430,000
$430,000
$420,000
9/17/08
1,876
$224
81
1525 Sea Palms Cres Marais
$429,900
$429,900
$395,000
9/19/08
1,752
$225
16
1505 Dutch Iris Ct Marais
$425,000
$375,000
$364,300
11/10/08
1,880
$194
355
1600 Long Grove Dr Long Grove
$189,900
$184,000
$170,500
4/25/08
780
$219
158
1600 Long Grove Dr Long Grove
$219,900
$199,900
$184,000
6/5/08
1,265
$145
84
1600 Long Grove Dr Long Grove
$218,000
$199,000
$184,000
8/28/08
1,200
$153
74
1600 Long Grove Dr Long Grove
$202,000
$198,900
$185,000
8/11/08
860
$215
185
1600 Long Grove Dr Long Grove
$209,500
$209,500
$189,000
10/3/08
1,049
$180
164
1600 Long Grove Dr Long Grove
$234,900
$234,900
$218,000
8/28/08
1,200
$182
62
1600 Long Grove Dr Long Grove
$245,000
$239,500
$225,000
8/22/08
1,197
$188
318
1600 Long Grove Dr Long Grove
$239,900
$239,900
$230,000
10/15/08
1,200
$192
88
© 2009 Gooden + Faircloth Real Estate Services
Windward and Marais SOLD SUMMARY The table below summarizes home sales for both the past 12 months and the first 9 months of 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot, average DOM, average CDOM.
# OF HOMES SOLD
Jan 1 Dec 31, 2008
9
AVG ORIGINAL LIST PRICE
AVG FINAL LIST PRICE
AVG SOLD PRICE
$460,400 $440,355 $417,644
AVG % SOLD / ORIGINAL LIST PRICE
91%
AVG % SOLD / FINAL LIST PRICE
AVG ORIGINAL LIST $ / SQ FT
AVG SOLD PRICE / SQ FOOT
% SOLD PRICE SQ FT / ORIGINAL LIST PRICE SQUARE FOOT
$256
$231
90%
95%
AVG DOM
207
LISTINGS SUMMARY The table below provides: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of February 14, 2008, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
Feb 14, 2009
NUMBER OF HOMES LISTED
10
AVERAGE ORIGINAL LIST PRICE
AVERAGE CURRENT LIST PRICE
AVERAGE ORIGINAL LIST PRICE / SQ FT
AVERAGE CURRENT PRICE / SQ FOOT
$421,470
$407,320
$239
$231
© 2009 Gooden + Faircloth Real Estate Services
Windward and Marais Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date and days on market.
HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PJRICE PER SQUARE FOOT
LIST DATE
DOM
1509 Soliel Ct Marais
$380,000
$359,000
1880
$191
9/23/08
144
1516 Trumpet Vine Ct Marais
$395,000
$364,500
1880
$194
5/5/08
282
1921 Grandview Ct Marais
$375,000
$375,000
1576
$238
12/21/08
55
1912 English Ivy Ct Marais
$378,000
$378,000
1576
$240
11/19/08
85
$394,900
$394,900
1,880
$210
12/27/08
49
105 Winward Point Windward
$499,000
$409,000
1,659
$247
4/11/07
671
303 Long Grove Dr Windward
$429,000
$429,000
1,629
$263
1/8/09
37
1504 Trumpet Vine Ct Marais
$434,900
$434,900
1,760
$247
1/22/09
23
1517 Sea Palms Cres Marais
$459,900
$459,900
2,008
$229
2/9/09
3
1547 Sea Palms Cres Marais
$469,000
$469,000
1,880
$249
1/15/09
29
1904 English Ivy Ct Marais
* As of February 15, 2009
© 2009 Gooden + Faircloth Real Estate Services
Windward and Marais Monthly Sales and Inventory 2008 The table below lists by month, home sales from January 1, 2008 through December 31, 2008. Details include: number of homes sold during month, average list price, average sale price, average price per square foot, median price, average days on market, sold price percent of list price, number of homes which were on the market that month and the number of months it would take to absorb (sell ) the month’s inventory if no additional properties come on the market.
AVERAGE PRICE PER SQUARE FOOT
% SOLD / LIST PRICE
0
0
0%
17
0
$560,000 $520,500 $520,500
253
$292
93%
15
15
1
$459,500 $445,000 $445,000
146
$221
97%
15
15
Apr-08
1
$399,900 $380,000 $380,000
23
$242
95%
13
13
May-08
0
0
0
0%
13
0
Jun-08
2
142
$224
94%
12
6
Jul-08
0
0
0
0%
11
0
Aug-08
1
$399,000 $380,000 $380,000
707
$233
95%
11
11
Sep-08
2
$429,950 $407,500 $407,500
48
$224
95%
8
4
Oct-08
0
0
0
0%
9
0
Nov-08
1
355
$194
97%
8
8
Dec-08
0
0
0
0%
8
0
Annual
9
207
231
95%
12
16
MONTH YEAR
TOTAL SALES
Jan-08
0
Feb-08
1
Mar-08
AVERAGE LIST PRICE
0
0
AVERAGE SALE PRICE
0
0
MEDIAN PRICE OF ALL SOLD
0
0
$454,949 $427,000 $427,000 0
0
0
0
0
0
$375,000 $364,300 $364,300 0
0
0
$440,355 $417,644 $410,000
AVERAGE DAYS ON MARKET
HOMES ON MARKET
# MONTHS INVENTORY*
* Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day of each month. The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listed as zero is not a true reflection of month’s inventory. It is simply a result of dividing the current inventory by a monthly total sale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale. © 2009 Gooden + Faircloth Real Estate Services
Long Grove SOLD SUMMARY The table below summarizes home sales for the 12 months of 2008. Details include: number of homes sold, average original list price, average final list price, average sold price, sold price divided by original list price, sold price divided by final list price, original list price / square foot, average sold price / square foot, sold price per square foot divided by original price per square foot and average DOM..
NUMBER HOMES SOLD
Jan 01 Dec 31, 2008
8
AVERAGE ORIGINAL LIST PRICE
AVERAGE FINAL LIST PRICE
AVERAGE SOLD PRICE
AVERAGE % SOLD / ORIGINAL LIST PRICE
$219,887.50 $213,200.00 $198,187.5090%
AVERAGE % SOLD/ FINAL LISTING PRICE
AVERAGE ORIGINAL LIST PRICE / SQ FOOT
AVERAGE SOLD PRICE / SQ FOOT
% SOLD PRICE SQ FT / ORIGINAL LIST PRICE SQ FOOT
AVERAGE DAYS ON MARKET
93%
$204
$184
90%
142
LISTINGS SUMMARY The table above provides the following information: number of homes currently listed ( non FSBO ) on the Charleston Trident MLS as of September 30th, 2008, average original list price, average current list price, average original list price per square foot and average current list price per square foot.
CURRENT LISTINGS AS OF:
NUMBER OF HOME CURRENTLY LISTED
AVERAGE ORIGINAL LIST PRICE
Feb 14, 2009
26
$229,246
© 2009 Gooden + Faircloth Real Estate Services
CURRENT LIST PRICE
$213,573
AVERAGE ORIGINAL LIST PRICE / SQ FT
AVERAGE CURRENT PRICE / SQ FOOT
$223
$207
Long Grove Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS as of February 14, 2009. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date and days on market. HOME ADDRESS
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
SQUARE FEET
PJRICE PER SQUARE FOOT
LIST DATE
DOM
1600 Long Grove Dr
$149,000
$149,000
855
$174
1/27/09
18
1600 Long Grove Dr
$140,000
$150,000
824
$182
7/21/08
141
1600 Long Grove Dr
$218,000
$160,000
855
$187
2/14/08
366
1600 Long Grove Dr
$171,000
$164,000
1,082
$152
1/2/09
43
1600 Long Grove Dr
$175,000
$165,000
786
$210
12/16/08
59
1600 Long Grove Dr
$194,000
$175,000
786
$223
3/26/07
682
1600 Long Grove Dr
$199,000
$179,000
855
$209
10/8/08
129
1600 Long Grove Dr
$247,900
$181,900
855
$213
4/4/06
893
1600 Long Grove Dr
$197,000
$184,000
1,040
$177
11/18/08
87
1600 Long Grove Dr
$198,000
$198,000
1,049
$189
12/22/08
54
1600 Long Grove Dr
$240,000
$209,500
860
$244
2/22/08
358
1600 Long Grove Dr
$219,900
$209,900
1,049
$200
8/11/08
186
1600 Long Grove Dr
$235,000
$225,000
1,197
$188
5/21/08
269
1600 Long Grove Dr
$229,500
$229,500
1,200
$191
9/13/08
152
1600 Long Grove Dr
$229,500
$229,500
1,040
$221
1/7/09
38
1600 Long Grove Dr
$267,900
$233,000
1,040
$224
9/25/06
870
1600 Long Grove Dr
$243,900
$234,900
1,200
$196
10/24/07
472
1600 Long Grove Dr
$234,900
$234,900
1,200
$196
9/10/08
157
1600 Long Grove Dr
$294,900
$238,900
1,200
$199
3/31/07
686
1600 Long Grove Dr
$239,000
$239,000
1,040
$230
1/24/09
19
1600 Long Grove Dr
$312,000
$248,000
1,200
$207
1/9/06
1074
1600 Long Grove Dr
$265,000
$249,000
1,197
$208
9/19/08
145
1600 Long Grove Dr
$249,000
$249,000
1,265
$197
9/3/08
164
1600 Long Grove Dr
$250,000
$250,000
1,120
$223
11/21/08
82
1600 Long Grove Dr
$267,000
$267,000
1,040
$257
2/14/08
365
1600 Long Grove Dr
$294,000
$299,900
1,040
$288
12/30/05
1139
Average
$229,246
$213,573
© 2009 Gooden + Faircloth Real Estate Services
$207
333
Long Grove Monthly Sales and Inventory 2008 JANUARY 1, 2008 - DECEMBER 31, 2008
AVERAGE LIST PRICE
AVERAGE SALE PRICE
MEDIAN PRICE OF ALL SOLD
AVERAGE DAYS ON MARKET
AVERAGE PRICE PER SQUARE FOOT
# MONTH’S INVENTORY
TOTAL SALES
Jan-08
0
0
0
0
0
0
0%
15
0
Feb-08
0
0
0
0
0
0
0%
23
0
Mar-08
0
0
0
0
0
0
0%
24
0
Apr-08
1
158
$219
93%
24
24
May-08
0
0
0
0%
24
0
Jun-08
1
84
$145
92%
25
25
Jul-08
0
0
0
0%
26
0
Aug-08
4
159
$184
93%
24
6
Sep-08
0
0
0
0%
23
0
Oct-08
2
126
$186
93%
19
9.5
Nov-08
0
0
0
0
0
0
0%
18
0
Dec-08
0
0
0
0
0
0
0%
18
0
Annual
8
141
184
93%
22
33
$184,000 $170,500 $170,500 0
0
0
$199,900 $184,000 $184,000 0
0
0
$218,075 $203,000 $201,500 0
0
0
$224,700 $209,500 $209,500
$213,200 $198,187 $187,000
© 2009 Gooden + Faircloth Real Estate Services
% SOLD / LIST
HOMES ON MARKET
MONTH YEAR
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