DI real estate hurdles continue in new year

In the first month of the new year, 32 homes sold on Daniel Island. The least expensive home sold was a condo at 600 Bucksley Lane which sold for $200,000. The most expensive home sold was in Daniel Island Park on Delahow Street which closed at $2.72 million. Total sales for January were $31,722,900.
 
According to Renee Reinert Pote, owner of Iron Gate Realty, the lack of inventory remains a hurdle for Daniel Island real estate sales. 
 
“The market continues to have low inventory. We are not seeing any slowing down of the number of buyers relocating to our area, but we are definitely now feeling the pinch of not having enough homes available to sell. Many agents have buyers waiting for the next property available and they will hop on a plane with very little notice. Buyers purchasing via Facetime is not unusual these days,” Pote noted.
 
Pote doesn’t think the market will change any time soon.  
 
“I think we will continue with low inventory for another year or two at least and prices will continue to rise,” Pote added. “The rate of the value increase will steady itself as interest rates continue to slowly rise.”
 
HOMES THAT SOLD IN JANUARY
 
• 3034 Baltimore St. - $650,000
• 232 Beresford Creek St. - $1,600,000
• 1225 Blakeway St. #501 - $340,000
• 1225 Blakeway St. #903 - $407,000
• 600 Bucksley Lane #306 - $200,000
• 1007 Cochran St. - $1,050,000
• 2234 Daniel Island Drive - $1,060,000
• 2273 Daniel Island Drive - $440,000
• 2356 Daniel Island Drive - $460,000
• 2320 Daniel Island Drive - $635,000
• 252 Delahow St. - $2,720,000
• 130 Fairbanks Oak Alley #2B - $1,280,000
• 8037 Gibbon St. - $1,025,000
• 143 Island Park Drive - $2,175,000
• 274 Island Park Drive - $1,299,000
• 290 Island Park Drive - $1,300,000
• 631 Island Park Drive - $2,545,000
• 539 Lesesne St. - $2,375,000
• 706 Netherton Court - $995,000
• 1145 Oak Overhang St. - $1,770,000
• 145 Pier View Street #207 - $569,900
• 135 Pier View Street #309 - $430,000
• 1941 Pierce St. - $650,000
• 130 River Landing Drive #1202 - $296,000
• 130 River Landing Drive #12200 - $351,000
• 130 River Landing Drive #7112 - $241,000
•130 River Landing Drive #7118 - $330,000
• 200 River Landing Drive #H302 - $550,000
• 7053 Schooner St. - $910,000
• 280 Seven Farms Drive #201 - $355,000
• 280 Seven Farms Drive #302 - $369,000
• 580 Wading Place - $2,345,000

 

Daniel Island Publishing

225 Seven Farms Drive
Unit 108
Daniel Island, SC 29492 

Office Number: 843-856-1999
Fax Number: 843-856-8555

 

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