Market Stats Summerville and Ladson Area

Posted By Roy Parker @ Jun 17th 2011 4:18pm In: Market Stats

Year to date stats for closed sales in MLS Area 62 which is the Summerville and Ladson area through May has 135 sales YTD with a Median Sales Price of $134,000. This is a decline of a negative 2.9% in Median Sales Price compare to 2010 Median Sales Price of $140,000. The current inventory for residential listings in this area is 287 homes. with the average monthly sales for the past 12 months being 28.6 homes the current inventory will take over 17 months to sell out.

In MLS Area 63 which is made up of the Summerville and Ridgeville area, YTD sales for this area is 315 units with a Median Sales Price of $154,990 which is a decline of 8.0% compared to the Median Sales Price of $168,502 in 2010. The current inventory for this area is 593 residential listings. The average monthly absortion rate is 72.3 homes which results in over 17 months of inventory.

In today's economic climate there is no longer a "traditional" and a "distressed" market. The two market have been become intertwined forming the market we have today. No market is immune from this economic climate, distressed properties exist in all market segments, in all price points, in every area. As your Realtor I owe it to my clients to do an in-depth analysis for every home that is in the market place, below is a "Compelling Value" in the above areas in the Greater Charleston Market.

103 PAVILION ST
1114909 - Residential
Summerville, SC

Gorgeous Charleston single home in a growing area of Summerville has upgrades galore! Dual porches, granite countertops in kitchen, hardwoods throughout 1st floor, window seat with storage and built-in bookcases on each landing between floors and much more. Formal living room has french doors so it can be used as study/office. The formal dining room leads to a butler's pantry with glass front doors, wine cooler, sink and granite countertops. The huge kitchen has bar area with pendant lighting overlooking the family room. The breakfast area has door leading to screened porch and patio. Upstairs find a huge master with private bath and walk-in closet. Laundry room is upstairs for convenience. Two other large bedrooms and hall bath complete the second floor. On the third floor is the 4th bedroom (has a closet) or exercise/media/playroom. Each floor has it own thermostat for energy efficiency. Upstairs bathrooms and laundry room have ceramic tile floors. The 2 car detached garage has a side entrance door. And there is plenty of parking room for multiple cars. Neighborhood amenities include pool and play park. Don't wait for new construction. This home is priced better than new construction! See it today!

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