Report for 1st quarter 2009 – Isle of Palms, SC

Note: This report is for sales of homes only, if you want raw land numbers, please call or email me. This report covers Wild Dunes Resort as well.

As of the end of 1st quarter 2009 there are 317 single-family homes for sale and 169 condos or t-homes on the market. For a total of 486 units

During the 1st quarter of 2009, there were 31 homes that sold or went under contract. Of those homes 5, were condos or t-homes and the balance of 26 were single-family dwellings.

The average days on market for condos/t-homes was 189. The average days on market for single family homes on Isle of Palms was 251 days.

Two give you some comparison from last quarter, 4th quarter 2008. There were 493 homes for sale, that includes single family, condo and t-homes. In the 4th quarter there were 32 homes that sold or went under contract — 25 were condos and the balance of 7 was single family. During the 4th quarter the average days on market for single-family homes on Isle of Palms was 251 and the average DOM for condos was 150 days.

This report is designed to give you broad numbers if you want specific numbers for an area, price-point or neighborhood, please let me know. If you would like to read more about Isle of Palms Real Estate visit here