January 2019 Real Estate Report
Fourteen homes on Daniel Island sold in January. As of Feb. 13, 2019, there were 179 homes for sale with 123 active and 56 either pending or contingent. Total sales in January equaled $10,440,644.
The most expensive home sold was a 7500+ sq.ft. home on King George Street in Daniel Island Park. It sold for $2 million. The least expensive home sold was a 3BR/2BA condo on Blakeway Street for $248,000.
The slow start to 2019, according to Hayden Jennings with Hayden Jennings Properties, was a direct result of the government shutdown.
“January 2019 activity was dominated by the government shutdown that lasted a total of 35 days, finally coming to an end on Jan. 25,” Jennings remarked.
“During this time, self-employed, would-be buyers had a particularly hard time with the IRS being shut down for processing documents. Added to that, political uncertainty always adds to market uncertainty in real estate and the January stats show this.”
For example, Jennings noted that the number of single family homes sold this January was down 50 percent compared to January 2018 and condo sales were down 30 percent.
Another interesting trend was an increase in single family homes coming on the market in the new year.
“There was a flood of new listings for single family homes with a 94 percent increase at 31 this January compared to 16 in January 2018.”
HOMES THAT SOLD IN JANUARY
1958 Bellona Street - $824,000
1225 Blakeway #401 - $248,000
6075 Grand Council Street - $667,800
250 Island Park Drive 205 - $816,000
1636 Juliana Street - $642,744
233 King George Street - $2,000,000
106 Lucia Street - $700,000
145 Pier View Street #315 - $390,000
1854 Pierce Street - $448,100
316 Ralston Creek Street - $1,230,000
200 River Landing Drive #106F - $414,000
130 River Landing Drive #4109 - $280,000
225 Seven Farms Drive #308 - $565,000
1331 Smythe Street - $1,215,000