National real estate market causes confusion; Charleston proves unique
Wed, 12/28/2022 - 9:28am
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Twelve homes sold on Daniel Island in November. As of Dec. 22, there were 69 homes listed on the market, with 35 active listings and 34 listings under contract. The most expensive home sold was in Daniel Island Park on Balfour Drive for $4.315 million. The least expensive home sold was a condo in Daniels Landing that sold for $315,000.
The current real estate market has left a lot of people confused. Is it a good time to buy or sell? Will the prices come down? Will interest rates come down?
Tricia Peterson with Island House Real Estate addresses this confusion by saying, “The local Charleston market is unique compared to what we may see on the Today Show. Statistically, the average sales price on Daniel Island is $1,219,984. That is down slightly from last year by 7.4%. The entire Charleston MLS area average sales price is $535,854, which is a 9.2% increase over last year. The average price per square foot for the entire Charleston MLS area is $208, up 9.5% over last year and for Daniel Island it is $403 which is down 8.4% over last year.”
HOMES THAT SOLD IN NOVEMBER
154 Balfour Drive - $4,315,000
186 Cartright St. - $850,000
836 Dunham St. - $1,823,305
101 Lucia St. - $1,430,000
125 Pier View St. #405 - $402,500
145 Pier View St. #305 - $735,000
1794 Pierce St. - $920,000
1860 Pierce St. - $699,000
130 River Landing Drive #3110 - $315,000
2460 Settlers St. - $1,450,000
260 Seven Farms Drive #207 - $490,000
1868 Village Crossing Drive - $1,210,000
Compiled by Katherine Smith news@thedanielislandnews.com