Asking Price vs. Sale Price in Mt Pleasant (Charleston, Mount Pleasant: days on market, for sale)

[McGeno]

Can anyone direct me to a web site, or can give me an idea how to compare asking prices and sale prices for recently sold homes in Mt. Pleasant??

[emilybh]

I think a realtor would be the only one that could show you what the asking prices were of sold properties and what they sold for. Otherwise you'd have to track them yourself by noting the asking prices of certain addresses and checking them against the real estate transations in the Post & Courier to see what they sell for. Another thing you can do is go to Zillow - Real Estate Valuations, Homes for Sale, Free Real Estate Information and look up asking prices of homes as well as recently solds prices but this site is not very comprehensive.

[DJShymansky]

For which parts of Mount Pleasant, which neighborhoods, and which price ranges? The information only becomes truly useful when you're comparing apples to apples but it's certainly available from any realtor who knows what he's doing.

[McGeno]

If I see a sale price in the Post and Courier I am interested in the original asking price,......Thats apples to apples...indeed

[SCDweller]

If you see the sale price in the P&C, the original may still be on Realtor.com. They keep listings on the market for awhile after they are sold.

[USCJoe]

Any Realtor can easily provide you with a wide variety of statistics with regards to sales history, days on market, percent of sales price to last list price, price per square foot etc. However, keep in mind that at times the statistics are a little misleading unless your Realtor looks at the listing history, particularly with regards to days on market and sales price to list price.

[geraldz]

I recall seeing a report somewhere that said the average selling price was within 5% of the asking prices. This means that values are holding up in the Charleston area.

[McGeno]

Originally Posted by geraldz

I recall seeing a report somewhere that said the average selling price was within 5% of the asking prices. This means that values are holding up in the Charleston area.

Boy I would like to see that report with actual verifiable stats, with the inventory in MP..I find that difficult to believe!!!!

[USCJoe]

McGeno,
I just ran a "comparative market analysis" pro report of all the single family homes that were listed and closed/sold during the past 30 days in Mt. Pleasant. There were 63 homes which sold for an average of 95.5% of final list price. The homes were pre-owned and new construction. Keep in mind that this figure is based on the last list price in the system and many of the homes may have been first listed substantially higher.