www.gfcharleston.com
APRIL 2009
© 2009 Gooden + Faircloth Real Estate Services
© 2009 Gooden + Faircloth Real Estate Services
APRIL 2009 Wakendaw Lakes is simply a special Mt Pleasant neighborhood, older more established, diverse, lush and lovely. It has long been one of Mt Pleasant’s most desirable neighborhoods. Wakendaw Lakes is actually a series of four separate developments: Wakendaw Lakes, Wakendaw Manor, Wakendaw-on-the-Creek, and Wakendaw East. The area has a rich history having been part of the Woodlawn Plantation, a 300+ acre working farm of pecans trees, acres of fields and over 9,500 head of livestock, mostly hogs. Data for this 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
Wakendaw Real Estate Report Summary
During 2008, a total of 9 home sales ( excluding For Sale By Owners ) occurred in the combined neighborhoods of Wakendaw. There were no homes sold in the Wakendaw-on-the-Creek neighborhood. The average sale price in Wakendaw Lakes was $ 501,557. In Wakendaw Place, 2 homes were sold, at an average sale price of $241,700. The highest priced home sold in Wakendaw over the past 12 months was 683 Libbys Point which sold in February of ’09 for $ 950,000 or $ 211 per square foot. The 4,500 square foot home was initially listed at $ 1,125,000 and was, according to MLS, on the market for zero days. Over the past 12 months, homes which sold had remained on the market an average of 99 days in Wakendaw Lakes and 112 days in Wakendaw Place. The average days on market for homes currently listed in Wakendaw Lakes is 220 days. As of April 8, 2009 there are a total of 11 single family homes on the market in Wakendaw ( non FSBO ), 8 in Wakendaw Lakes, 2 in Wakendaw On The Creek and one in Wakendaw Place. The current average list price in Wakendaw Lakes is $492,038, $707,500 in Wakendaw On The Creek and $238,900 in Wackendaw Place.
© 2009 Gooden + Faircloth Real Estate Services
Wakendaw: Home Sales APRIL 8, 2008 - APRIL 8, 2009 Below, you’ll find real estate sales information for Wakendaw Lakes and Wakendaw Place. There were no homes sold during the past year in Wakendaw On The Creek. 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. WAKENDAW LAKES
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
SQUARE FEET
PRICE PER SQ FOOT
DOM
761CHATTER RD
$349,000
$310,000
$285,900
12/11/08
1,827
$156
176
727 GYPSY LN
$365,000
$298,000
$295,000
6/17/08
1,733
$170
390
1321 VAGABOND LN
$439,000
$419,000
$395,000
11/25/08
2,740
$144
82
856 DETYENS RD
$428,000
$428,000
$420,000
7/28/08
2,253
$186
4
1316 BARKSDALE RD
$439,000
$439,000
$425,000
6/9/08
2,400
$177
3
1196 MANOR LN
$940,000
$795,000
$740,000
12/2/08
3,343
$221
41
$1,125,000
$1,125,000
$950,000
2/2/09
4,500
$211
0
$583,571
$544,857
$501,557
$181
99
SQUARE FEET
PRICE PER SQ FOOT
DOM
683 LIBBYS PT
Average WAKENDAW PLACE
ORIGINAL LIST PRICE
FINAL LIST PRICE
SOLD PRICE
DATE OF CLOSE
1287 CHATFIELD ST
$229,900
$229,900
$218,500
12/30/08
1410
$155
184
1229 CHATFIELD ST
$279,900
$279,900
$264,900
8/20/08
1885
$141
40
$254,900
$254,900
$241,700
$148
112
Average
© 2009 Gooden + Faircloth Real Estate Services
Wakendaw: Current Listings The table below lists details for those homes currently listed on the Charleston Trident MLS as of April 8, 2009. Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date, and days on market. WAKENDAW LAKES
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
LIST DATE
SQUARE FEET
PRICE PER SQ FOOT
DOM
679 SEROTINA CT
$325,000
$325,000
3/2/09
2,072
$157
37
711 OSPREY CT
$393,000
$360,000
12/14/08
2,300
$157
115
847 PINE SHADOW
$445,000
$429,000
10/6/08
2,486
$173
543
856 SEROTINA CT
$435,000
$435,000
9/24/08
2,162
$201
195
624 OAK MARSH DR
$460,500
$448,900
1/17/09
2,333
$192
79
684 OAK MARSH DR
$549,900
$529,500
11/15/07
2,728
$194
510
1177 MANOR LN
$679,000
$629,000
7/23/08
2,532
$248
259
1223 MANOR LN
$779,900
$779,900
3/17/09
3,300
$236
22
Average
$508,413
$492,038
$195
220
WAKENDAW ON THE CREEK
ORIGINAL LIST PRICE
CURRENT LIST PRICE *
LIST DATE
SQUARE FEET
PRICE PER SQ FOOT
DOM
665 OAK MARSH DR
$695,000
$650,000
11/18/08
2,841
$229
141
849 TAMARACK CT
$765,000
$765,000
12/20/08
3,990
$192
108
Average
$730,000
$707,500
$210
125
WAKENDAW PLACE
1495 OLD WILLIAMSTON CT
ORIGINAL LIST PRICE
$238,900
© 2009 Gooden + Faircloth Real Estate Services
CURRENT LIST PRICE *
$238,900
LIST DATE
SQUARE FEET
1/2/09
1,406
PRICE PER SQ FOOT
$170
DOM
96
Wakendaw: By Month Sales & Inventory APRIL, 2008 - MARCH 31, 2009 The table below lists, by month, home sales in Wakendaw from April ’08 through March ’09. 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
Apr-08
1
May-08
0
Jun-08
2
Jul-08
AVG LIST PRICE
AVG SALE PRICE
$349,900 $345,000
AVG PRICE PER SQ FOOT
MEDIAN PRICE OF ALL SOLD
AVG DAYS ON MARKET
% SOLD / LIST
HOMES ON MARKET
# MONTHS INVENTORY *
$169
$345,000
121
99%
7
7
0
0
0
0%
10
0
$368,500 $360,000
$173
$360,000
196
98%
11
6
1
$428,000 $420,000
$186
$420,000
3
98%
9
9
Aug-08
1
$279,900 $264,900
$141
$264,900
39
95%
10
10
Sep-08
0
0
0
0
0
0
0%
13
0
Oct-08
0
0
0
0
0
0
0%
11
0
Nov-08
1
$419,000 $395,000
$144
$395,000
82
94%
9
9
Dec-08
3
$444,966 $414,800
$177
$285,900
83
93%
8
3
Jan-09
0
0
0
0
0%
10
0
Feb-09
1
$211
$950,000
0
84%
11
11
Mar-09
0
0
0
0
0%
11
0
Annual
10
173
$370,000
88
93%
10
12
0
0
0
0
$1,125,000 $950,000 0
0
$467,370 $433,930
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