wakendawrealestatereport

8/14/2019 WakendawRealEstateReport

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APRIL 2009

2009 Gooden + Faircloth Real Estate Services

www.gfcharleston.com
http://www.gfcharleston.com/http://www.gfcharleston.com/


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APRIL 2009

Wakendaw Lakes is simply a special Mt Pleasant neighborhood, older moreestablished, diverse, lush and lovely. It has long been one of Mt Pleasants mostdesirable neighborhoods.

Wakendaw Lakes is actually a series of four separate developments: Wakendaw Lakes,Wakendaw Manor, Wakendaw-on-the-Creek, and Wakendaw East.

The area has a rich history having been part of the Woodlawn Plantation, a 300+ acreworking farm of pecans trees, acres of fields and over 9,500 head of livestock, mostlyhogs.

Data for this report has been extracted from the Charleston Trident Multiple ListingService.

I welcome your questions or contact with our group.

Thank you.

Rebecca Gooden, Broker / Partner

843.822.0131

[email protected]

www.gfcharleston.com
http://www.gfcharleston.com/http://www.gfcharleston.com/mailto:[email protected]:[email protected]


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Wakendaw

Real Estate Report

Summary


During 2008, a total of 9 home sales ( excluding For Sale By Owners ) occurred inthe combined neighborhoods of Wakendaw. There were no homes sold in theWakendaw-on-the-Creek neighborhood.

The average sale price in Wakendaw Lakes was $ 501,557. In Wakendaw Place, 2

homes were sold, at an average sale price of $241,700.

The highest priced home sold in Wakendaw over the past 12 months was 683 LibbysPoint which sold in February of 09 for $ 950,000 or $ 211 per square foot. The4,500 square foot home was initially listed at $ 1,125,000 and was, according to MLS,on the market for zero days.

Over the past 12 months, homes which sold had remained on the market an averageof 99 days in Wakendaw Lakes and 112 days in Wakendaw Place. The average dayson market for homes currently listed in Wakendaw Lakes is 220 days.

As of April 8, 2009 there are a total of 11 single family homes on the market inWakendaw ( non FSBO ), 8 in Wakendaw Lakes, 2 in Wakendaw On The Creek and

one in Wakendaw Place.

The current average list price in Wakendaw Lakes is $492,038, $707,500 inWakendaw On The Creek and $238,900 in Wackendaw Place.


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Wakendaw: Home Sales

APRIL 8,2008-APRIL 8,2009Below, youll find real estate sales information for Wakendaw Lakes and Wakendaw Place. There were no homes sold during the

past year in Wakendaw On The Creek. Details include: Home address, original list price, final list price, price home sold for, date

of close, square footage of home, price per square foot, days on market and cumulative days on market. Data does not include

For Sale By Owner transactions.

WAKENDAW LAKESORIGINAL

LISTPRICE

FINAL LISTPRICE

SOLDPRICE

DATE OFCLOSE

SQUAREFEET

PRICEPER SQFOOT

DOM

761CHATTER RD $349,000 $310,000 $285,900 12/11/08 1,827 $156 176

727 GYPSY LN $365,000 $298,000 $295,000 6/17/08 1,733 $170 390

1321 VAGABOND LN $439,000 $419,000 $395,000 11/25/08 2,740 $144 82

856 DETYENS RD $428,000 $428,000 $420,000 7/28/08 2,253 $186 4

1316 BARKSDALE RD $439,000 $439,000 $425,000 6/9/08 2,400 $177 3

1196 MANOR LN $940,000 $795,000 $740,000 12/2/08 3,343 $221 41

683 LIBBYS PT $1,125,000 $1,125,000 $950,000 2/2/09 4,500 $211 0

Average $583,571 $544,857 $501,557 $181 99

WAKENDAW PLACEORIGINALLISTPRICE

FINAL LISTPRICE

SOLDPRICE

DATE OFCLOSE

SQUAREFEET

PRICEPER SQFOOT

DOM

1287 CHATFIELD ST $229,900 $229,900 $218,500 12/30/08 1410 $155 184

1229 CHATFIELD ST $279,900 $279,900 $264,900 8/20/08 1885 $141 40

Average $254,900 $254,900 $241,700 $148 112


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The table below lists details for those homes currently listed on the Charleston Trident MLS as of April 8, 2009.

Information includes: Address of home, original list price, current list price, square footage, price per square foot, list date,

and days on market.

WAKENDAW LAKES ORIGINAL LIST

PRICE

CURRENT LIST PRICE

*LIST DATE

SQUARE

FEET

PRICE PER

SQ FOOTDOM

679 SEROTINA CT $325,000 $325,000 3/2/09 2,072 $157 37

711 OSPREY CT $393,000 $360,000 12/14/08 2,300 $157 115

847 PINE SHADOW $445,000 $429,000 10/6/08 2,486 $173 543

856 SEROTINA CT $435,000 $435,000 9/24/08 2,162 $201 195

624 OAK MARSH DR $460,500 $448,900 1/17/09 2,333 $192 79

684 OAK MARSH DR $549,900 $529,500 11/15/07 2,728 $194 510

1177 MANOR LN $679,000 $629,000 7/23/08 2,532 $248 259

1223 MANOR LN $779,900 $779,900 3/17/09 3,300 $236 22

Average $508,413 $492,038 $195 220

WAKENDAW ON THE CREEK ORIGINAL LIST

PRICE

CURRENT LIST PRICE

*LIST DATE

SQUARE

FEET

PRICE PER

SQ FOOTDOM

665 OAK MARSH DR $695,000 $650,000 11/18/08 2,841 $229 141

849 TAMARACK CT $765,000 $765,000 12/20/08 3,990 $192 108

Average $730,000 $707,500 $210 125

WAKENDAW PLACE ORIGINAL LIST

PRICE

CURRENT LIST PRICE

*LIST DATE

SQUARE

FEET

PRICE PER

SQ FOOTDOM

1495 OLD WILLIAMSTON CT $238,900 $238,900 1/2/09 1,406 $170 96

Wakendaw: Current Listings


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APRIL,2008- MARCH 31,2009The table below lists, by month, home sales in Wakendaw from April 08 through March 09. Details include: number of

homes sold during month, average list price, average sale price, average price per square foot, median price, average days on

market, sold price percent of list price, number of homes which were on the market that month and the number of monthsit would take to absorb (sell ) the months inventory if no additional properties come on the market.

MONTH

YEAR

TOTAL

SALES

AVG LIST

PRICE

AVG SALE

PRICE

AVG PRICE

PER SQ

FOOT

MEDIAN

PRICE OF

ALL SOLD

AVG DAYS

ON MAR-

KET

% SOLD /

LIST

HOMES

ON MAR-

KET

# MONTHS

INVEN-

TORY *

Apr-08 1 $349,900 $345,000 $169 $345,000 121 99% 7 7

May-08 0 0 0 0 0 0 0% 10 0

Jun-08 2 $368,500 $360,000 $173 $360,000 196 98% 11 6

Jul-08 1 $428,000 $420,000 $186 $420,000 3 98% 9 9

Aug-08 1 $279,900 $264,900 $141 $264,900 39 95% 10 10

Sep-08 0 0 0 0 0 0 0% 13 0

Oct-08 0 0 0 0 0 0 0% 11 0

Nov-08 1 $419,000 $395,000 $144 $395,000 82 94% 9 9

Dec-08 3 $444,966 $414,800 $177 $285,900 83 93% 8 3

Jan-09 0 0 0 0 0 0 0% 10 0

Feb-09 1 $1,125,00 $950,000 $211 $950,000 0 84% 11 11

Mar-09 0 0 0 0 0 0 0% 11 0

Annual 10 $467,370 $433,930 173 $370,000 88 93% 10 12

Note: The "Current Inventory" column(s) reflect the number of active and contingent (on market) listings on the 16th day ofeach month.The "Months Inventory" column(s) value(s) equal "Current Inventory" divided by "Monthly Sales". ( A month inventory listedas zero is not a true reflection of months inventory. It is simply a result of dividing the current inventory by a monthly totalsale of zero. ) This reflects how many months it would take to sell out of inventory at the current month's rate of sale.

Wakendaw: By Month Sales & Inventory

wakendawrealestatereport

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